Penn GSE and the Wharton School are collaboratively pioneering a new entrepreneurship model, whose approach combines academic work with practical experience. The model’s advantage? A student-entrepreneur will be in close proximity to a wide range of people, including academics, who can test the product and provide helpful feedback.
The model of offering two routes to launching businesses with academic support — in school while pursuing a master’s degree part-time or through an incubator program — and is not limited to education startups. “We can bring research to practice by including the university in the entrepreneurial ecosystem,” said Ihrig.
Ihrig helped Penn GSE create the nation’s first Master’s degree in Education Entrepreneurship, which is designed at the intersection of education, business, and entrepreneurship. The thirteen-month program is delivered in an accelerated executive style, and provides working professionals with the knowledge, practical skills, and experiences necessary to create, fund, and manage innovations in education.
“We encourage our students to work on their own projects while in school,” Ihrig said. “They can experiment with their venture ideas and consult their professors if they have problems.”