School of Business Cultivates Success of Student Entrepreneur with $90K Community Foundation Grant
Wayne State University School of Business Administration received a $90,000 grant from the Community Foundation for Southeast Michigan to administer the Adams Entrepreneurship Fellowship program. The fellowship recipient will work closely with an entrepreneur for one year, assessing new business ventures and taking part in the management of an entrepreneur-established firm. The fellow, chosen from students or alumni of the Wayne State MBA program, will also earn a $70,000 salary and benefits during his or her year in the program.
This is the fourth consecutive year that the Community Foundation for Southeast Michigan awarded the Adams Fund grant to Wayne State’s School of Business Administration in support of this program. The program is administered by Terry Cross, an entrepreneur and Executive in Residence for Entrepreneurship at Wayne State’s School of Business.
“I am very excited that Wayne’s School of Business Administration has been selected once again as a recipient of the Adams Fund grant,” said Cross. “We are indebted to the Community Foundation for Southeast Michigan for this wonderful opportunity. The person selected as the fellow will have a chance to work one-on-one with an experienced entrepreneur for a year and will gain significant practical experience and knowledge. This fits in well with our new initiatives in entrepreneurship."
Scott Jones was the Adams fellow for 2008. Jones was involved in completing the commercialization of an antenna technology with Monarch Antenna, a spin-off of Delphi Technologies, Inc. Former Adams fellow Antonio Luck was involved in the successful launch of Monarch Antenna in 2007. In 2006, Adams fellow Alain R. Piette worked on the start-up company SpaceForm, Inc., and he is now president of the company. SpaceForm is headquartered in TechTown, Wayne State’s urban research and technology park located in Detroit’s New Center area.