The importance of entrepreneurship to our economy has never been more apparent than it is today. Over the past decade, there has been an average of 600,000 new businesses started per year in the United States. There are over 26 million small firms in America today that employ about half of all US workers. Employees in these firms produce 13 to 14 times more patents per employee than those in larger firms. A recent study indicated that over 400,000 people take at least one university course in entrepreneurship annually, and a recent survey of 447 UT business majors found that 57% wanted to be in business for themselves within the next 5 years.
A recent Kauffman Foundation sketchbook video highlights the importance of entrepreneurship and its impact on the economy. At UT, we couldn’t agree more, and that’s why we are on the journey to help increase innovation in the state.
What are our goals?
- To attract the best and brightest students and help them develop their entrepreneurial skills
- To help that newly developed talent to create new businesses here in the region and the state
- To develop an entrepreneurial spirit at UT and in the communities we serve
How do we do this?
- By engaging students in real-life entrepreneurial settings
- By recruiting experienced mentors that are willing to help budding entrepreneurs
- By facilitating connections to resources across our communities that are essential for long-term success
Our motto: Come for a degree; leave with a business!
Learn more about about the ACEI: