Canada's University of British Columbia Sauder School of Business has announced that it has launched a new scholarship scheme for entrepreneurial-minded MBA students.
The "New Venture Startup" scholarships are valued at $15,000 each. In the new scheme, half of each scholarship package will be set aside for startup development and seed funding.
The funding will help students hone their entrepreneurship skills through a practical experience of starting their own businesses. "This scholarship will allow MBA students interested in starting a venture to put their classroom knowledge to work immediately, testing their learning in practice," says Paul Cubbon, who teaches on the program.
The scholarship recipients will be able to develop a venture during four months over the summer, a period which is normally reserved for internships.
At Sauder, MBA students interested in entrepreneurship can pursue a career track in Innovation and Entrepreneurship, which includes courses in new venture valuation, prototyping, and marketing research, among others. Furthermore, the school also offers a startup accelerator program, which allows MBAs to develop a startup out of an idea within five weeks.
The New Venture Startup scholarships will be delivered in two installments: $7,500 upon entrance to the program, and $7,500 upon starting a new venture.
Students will automatically be considered for this scholarship, as well as others that Sauder offers, when they apply for the program.
For more information, please see the UBC - Sauder news release announcing the launch of the New Venture Startup scholarships.
Image: "the new sauder school of business building at UBC" by Paul Joseph / Creative Commons (cropped, rotated)