The goal of this program is to recruit outstanding full-time MBA students who will start a technology-enabled business while in the MBA program. Through coursework, applied learning experiences, faculty collaboration and mentorship, aspiring student entrepreneurs will develop the skills and the connections to successfully launch their new ventures. Special emphasis will be given to aspiring entrepreneurs with previous start-up experience and who desire to start a technology enabled business while in school. The Entrepreneur Fellow program includes a $10,000 scholarship award for each of the three semesters of the MBA program.
Benefits of being an Entrepreneur Fellow are:
- Offsets many of the costs of attending the MBA program ($10,000 scholarship award for three semesters, which is applied directly to your statement by the Bursar’s Office)
- Provides access to experienced faculty and entrepreneur mentors who can assist students along the path of launching/building a entrepreneurial venture
- Allows the opportunity to earn an MBA degree while developing the skills necessary to increase the chances of a successful entrepreneurial career
- Offers the opportunity to work on your own business in lieu of an outside MBA summer internship.
Student requirements for the Entrepreneur Fellow program are:
- Maintain satisfactory academic progress (as defined by a 3.0 cumulative GPA) in MBA coursework each semester.
- Complete appropriate coursework for the Entrepreneur and Innovation (E&I) concentration in the MBA program.
- Achieve satisfactory progress toward his or her business goals (as defined jointly by the student and assigned faculty mentor upon acceptance of the award).
- Must not accept employment unrelated to his or her business (including graduate assistantships or other job opportunities inside or outside the university) during the semesters that the scholarship award is received.
- Acceptance of a summer internship (other than working on the student’s own business) must be approved in advance by the Entrepreneur Fellow faculty mentor.
Compliance with each of these requirements is required for maintenance of the scholarship award.
Application Process (DEADLINE: February 1 of any given year)
All applications must be submitted electronically to MBAAdvantage@utk.edu. Put “MBA Entrepreneur Fellow” in the subject line, and include the following attachments:
- Statement of Interest: Include a description of your business idea and progress to date. This should be no more than one page in length (representative of your “pitch” when communicating your business idea to external audiences).
Finalists will be asked to participate in a personal interview. Finalists must be admitted to the MBA program to be considered for this award. Initial selection will be made before or on April 1.