Harvard Business School announced on Jan. 11 that it will launch an entrepreneurship center for graduates in New York City, making Harvard the latest business school to take advantage of New York's role as a hub of innovation.
The HBS Startup Studio, temporarily located at 1460 Broadway in Midtown Manhattan, will function as a meeting place for entrepreneurial Harvard graduates in New York City, as well as a workspace for entrepreneur teams with at least one member who graduated from Harvard. The purpose of the studio, which will move to a larger facility in Silicon Alley in spring 2017, is to foster connections among Harvard entrepreneurs living in New York, according to a press release from the school.
Harvard is the latest big-name business school to announce the opening of a program or facility in New York, a city increasingly known as a haven for startups and a center of technological innovation. In 2012, Columbia University announced the creation of the Columbia Business Lab, a center for Columbia alumni entrepreneurs in Soho, while in 2013, Cornell University announced the launch of a one-year MBA at Cornell NYC Tech, an innovation and tech-focused program on Roosevelt Island.
Teams hoping to work at the new Harvard studio will have to apply, according to the school's press release. Applying teams should have seed money of at least $500,000 and fewer than seven employees, and accepted teams will be able to use Harvard's facilities for up to 18 months.
The inaugural group of teams includes a team building online content for at-home learning; a business that provides experienced lawyers at fixed prices; and a team building an online video fitness program.
For more information, visit the Harvard website.
Photo Credit: "Top of Rock Cropped" by Dschwen - English Wikipedia.
