Jeffrey Robinson and the Newark minority business accelerator help companies speed up growth

Wednesday, April 16, 2014
New York, NY

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions. The Cincinnati accelerator, created by the Cincinnati USA Regional Chamber in 2003, has inspired officials and business people in the Greenville, S.C.; Charlotte, N.C., and Newark, N.J. areas to start similar programs.

A key goal of the accelerators is to help minority owned-companies win contracts with large companies.

Mentors at the accelerators act as advisers, meeting with company owners, helping them improve operations and build strategies. They also connect owners with big customers.

Local chambers of commerce and economic development agencies have launched accelerators to help minority businesses create jobs. Officials say the inability of minority companies to expand holds back a region’s economic growth.

“Look at the number of minority business enterprises and how many are able to build jobs. It’s grossly disproportionate from their majority counterparts,” says Nika White, vice president of diversity and inclusion at the Greenville Chamber of Commerce.

One reason for the disparity is that a small company may not have the infrastructure, such as computer systems, and the experience to operate on the level needed to fulfill a big contract, says Jeffrey Robinson, a professor of management and entrepreneurship at Rutgers University. He is working on the Newark accelerator.

“There’s a leap you have to take from the five-person company to a couple hundred, to being a multimillion-dollar company. You can’t run them the same way,” Robinson says.

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TAGS: Entrepreneurship Management and Global Business Small Business

From Rutgers to Founders entrepreneurship panel shares experience and insights

Monday, April 14, 2014
Newark, NJ

On March 27, 2014 Scarlet Startups, a Meet-up focused on the entrepreneurial alumni and student community of Rutgers University, in partnership with Collective Entrepreneurs Organiztion, a Rutgers student organization focused on entrepreneurship, hosted a panel discussion entitled “From Rutgers to Founders”. 

Held at Rutgers Business School in Newark New Jersey, two Rutgers entrepreneur alumni discussed “their work, their experience as entrepreneurs, and how they got to where they are." They were joined by a third panelist representing the New Jersey Economic Development Agency (NJEDA), a quasi-government agency that provides financial assistant to New Jersey small businesses.

Moderator Alfred Blake, Assistant Director of Undergraduate Entrepreneurship Programs at Rutgers Business School, interweaved the entrepreneur discussion with information about financial resources for startups provided by the NJEDA panel representative.

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TAGS: Entrepreneurship LaToya Battle-Brown The Center for Urban Entrepreneurship and Economic Development Undergraduate Newark

Entrepreneurial part-time MBA students sweep annual competition at Rutgers Business School

Friday, April 11, 2014
Newark, NJ

Raymond Rossi, an instructor on the faculty of Management and Global Business who has overseen the competition since 2011, said the types of businesses that made it to the final round of this year's competition represented a sea change over last year.

"We went from one extreme to the other," Rossi said, noting the absence of apps and Internet-focused business plans.

"This year, we had a group of students who were very passionate," he said. "They showed an enormous amount of knowledge, and they presented very viable business models."

The two top winners, both Rutgers Flex MBA students, started companies that provide traditional services. Brian Bergen, owner of interior landscaping company, won the $20,000 first-place prize. Paula Zwiren, president of Zwiren Title Agency, received $15,000 for second place.

Sarah Blessing, who graduated from the Rutgers Flex MBA Program in January, came up with the idea for TRAINgle, which is developing a fitness product with some flair. Her team, which includes Flex MBA students Aamir Khan and Leann Cosley-Richardson and recent MBA grad Joanna Trzaska, won the $10,000 third-place prize.

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TAGS: Business Plan Competition Entrepreneurship Management and Global Business Raymond Rossi

The biggest driver of the economy is small business - it's the key to success

Friday, March 14, 2014
Camden, NJ

“The biggest driver of the economy is small business — it’s the key to success — so we’re kicking off a tour of cities across the state, and today here in Camden we’re focusing on minority-owned businesses, but there will be focuses on other businesses as well,” said Senator Cory Booker, after being warmly received at the Waterfront Technology Center, on Federal Street. “We’re trying to bring information and resources to the people who need it, and, as a senator, I now have more leverage to bring folks who have that information here.”

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TAGS: Cory Booker Entrepreneurship Management and Global Business

Rutgers Center for Urban Entrepreneurship and Economic Development Proud to Be Inaugural #LearnToEarn Host

Tuesday, February 25, 2014
Newark, NJ

“That was an amazing presentation! The feedback we received was very positive.” – Jasmine Cordero, Managing Director of the Entrepreneurship Pioneers Initiative (EPI) part of Rutgers’ Center for Urban Entrepreneurship & Economic Development – (CUEED) located in Rutgers Business School in 1 Washington Park Newark, Newark, New Jersey.

Mr. Sandeep “Sunny” Kancherla’s live address, at the NJSDBC Small Business Blended Learning event, was met with the kind of fervor synonymous with a real leader in the digital and online business space, but this was only in attest to the resounding success of the overall event.

The first Small Business Blended Learning event was fittingly held at Rutgers Business School, featuring the staunch support of local industry heavyweights like BusinessLearningTree.com, but it was the (NJSBDC) New Jersey Small Business Development Center’s Sandeep Kancherla, affectionately known as “Sunny” to his most diligent of students and partners, who lit up the scene and really touched local entrepreneurs where it matters most.

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TAGS: Entrepreneurship Entrepreneurship Pioneers Initiative Management and Global Business The Center for Urban Entrepreneurship and Economic Development

Entrepreneurship program at Rutgers Business School launches speaker series

Friday, January 31, 2014

Four entrepreneurs, all of whom have started companies of their own, helped to launch the Rutgers Entrepreneurship GPS Speaker Series on Jan. 28 at the Rutgers Business School building on the Livingston Campus.

TAGS: Entrepreneurship Rutgers Business School Speaker Series Undergraduate New Brunswick

Rutgers Business School creates $3M entrepreneurship chair

Thursday, January 23, 2014
Somerset, NJ

Newark Rutgers Business School Dean Glenn Shafer announced Thursday the creation of a $3 million George F. Farris Chair of Entrepreneurship, a new faculty position that will enhance the school's efforts to provide entrepreneurial studies to future students.

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TAGS: Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Rutgers Business School strengthens focus on entrepreneurs with $3 million George Farris Chair in Entrepreneurship

Wednesday, January 22, 2014

Rutgers Business School Dean Glenn Shafer announced the creation of the $3 million George F. Farris Chair in Entrepreneurship, an endowed faculty position that will enhance the school’s efforts to provide a premier program of study to new generations of entrepreneurs.

TAGS: Entrepreneurship George Farris Glenn Shafer Newark The Center for Urban Entrepreneurship and Economic Development

Entrepreneurship Pioneers Initiative recognized for education innovation

Monday, January 20, 2014

Rutgers Business School’s Entrepreneurship Pioneers Initiative received a special recognition award for education innovation during the annual conference of the United States Association for Small Business and Entrepreneurship.

TAGS: Entrepreneurship Entrepreneurship Pioneers Initiative Newark The Center for Urban Entrepreneurship and Economic Development

Speek co-founder gives Rutgers Business School crowd a real sense of what it takes to launch a company

Wednesday, January 15, 2014

Danny Boice, a software engineer turned entrepreneur, was never a fan of conference calls.

"The dial-in, the PINs…the whole thing just sucks,” Boice said as he introduced Speek, a company he has spent nearly two years building since coming up with the idea for a new app to handle conference calls over beers one night with friends.

TAGS: Alumni Entrepreneurship Rutgers Business School Alumni Association Speaker Events Tech-Startups

New program will allow Rutgers Business School students to connect with New Jersey entrepreneurs

Thursday, December 12, 2013

Rutgers Business School’s undergraduate entrepreneurship program and the Entrepreneurs’ Organization (EO) of New Jersey are launching a new program to enhance Rutgers University’s student entrepreneurship experience.

TAGS: Alumni Entrepreneurship Leadership Mentoring Networking Partnerships Undergraduate New Brunswick Undergraduate Newark

Shark Tank-like Business Plan Competition helps launch Rutgers business ideas

Thursday, October 31, 2013

From medical records to advertising, Rutgers alumni and students bring their business savvy and a pitch. Medical record website Opcura dreamed up by Ross Goldstein and Cesar Cheng takes top prize in 2013. Will your idea be next?

Ross Goldstein and Cesar Cheng won the 2013 Rutgers Business School Business Plan Competition—and how did they celebrate?

By putting up a billboard for their business right before the entry into the Garden State Parkway.

TAGS: Alumni Business Plan Competition Entrepreneurship MBA Undergraduate New Brunswick Undergraduate Newark

Excitement and Potential Pitfalls of Entrepreneurship

Friday, October 18, 2013
Woodland Park, NJ

Two groups of Rutgers Business School students have learned both the excitement and potential pitfalls of entrepreneurship while designing products they believe could find a niche in their respective markets.

The ideas, Zurge+, a touch-screen kiosk that would dispense a small portable cellphone charger for a fee, and CampusBord, a mobile app that condenses news and information on college-related events and activities into one place, will be promoted by Rutgers Business School as part of its FundSPARC initiative.

Through that initiative, supported by the business school's Center for Urban Entrepreneurship and Economic Development, the groups paired up with business professor Brett Gilbert, Department of Management and Global Business who mentored them through "crowdfunding" campaigns.

Gilbert, who teaches classes on innovation and creativity in entrepreneurship, said after she recognized the potential of the two ideas, crowdfunding through the website RocketHub.com seemed like a way to get the ideas off the ground.

"I thought the CampusBord concept was something anyone who lives or works on a college campus could relate to – if you've ever seen a bulletin board on campus, you know they can get messy really quickly," Gilbert said. "As for Zurge+, we've all been out and about and suddenly we see that our phone is out of battery. Their idea would allow you to simply walk up to a kiosk and keep going.”

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TAGS: Brett Gilbert Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Cultural entrepreneurship in the US and the Netherlands, James Abruzzo addressed Dutch cultural institutions

Thursday, October 10, 2013
Amsterdam, Netherlands

The recently established ‘Dutch Association of Cultural Trustees’ (NVTC) held a discussion on ‘Cultural Entrepreneurship in the US and the Netherlands’. The exclusive event was hosted in Amsterdam by Camunico and founder Ron Soonieus, the driving forces behind the NVTC. Speaking to leaders of Dutch cultural institutions, James Abruzzo of DHR International shared his experiences of working with top US cultural organisations.

Sharing success is key, says Abruzzo.

In the economic downturn the Dutch government has implemented austere spending cuts across the culture sector. Some institutions have closed and some have merged to be able to maintain a viable ‘critical mass’.

Yet other institutions are doing their best to find a new balance between profitability and funding from government, sponsorship and donations. This means looking beyond meagre traditional sources to seek out new funding, and learning from the entrepreneurial activity seen in some American institutions.
Dutch organisations must create an emotional connection with funders and visitors, shift the responsibility for the existence of the organisation from government to individuals, and value a ‘customer service attitude’.

During the event participants also discussed how they cope with difficulties within their organisation, in particular the composition of supervisory boards and cooperation with the executive teams. According to a study done by Camunico it appears that executive and non-executive directors who have developed a strong sense of empathy, based on mutual understanding and respect, are more capable of responding to changes successfully. Therefore, says Abruzzo, cultural organisations need ‘real leaders’, people who know how to lead the fight for the existence of their institution.

If you would like to know more about the insights of the discussion, the NVTC, or the research done by Camunico, please contact us.
Catherine van Nierop Catherine.vannierop@camunico.com 0031 6 41117180

TAGS: Entrepreneurship James Abruzzo The Institute for Ethical Leadership

How Rutgers Business School students are helping New Jersey companies

Thursday, September 19, 2013
Newark, NJ

Kevin Chan was hoping to find a class at Rutgers Business School that would allow him to tap into his burgeoning entrepreneurial spirit. When he received a notice last semester about the Experiential Learning Program promising hands-on experience working with small companies, he signed up immediately.  "It makes them bring to bear everything they've learned," said Daniel Stubbs, a clinical assistant professor of accounting and information systems.

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TAGS: Daniel Stubbs Entrepreneurship New Jersey Small Business Development Center

Students fundraise for website to help university community connect

Thursday, September 19, 2013
New Brunswick, N.J.

Campuses nationwide are cluttered with bulletin boards, but some think it is time to make outdated technology a thing of the past.

Three Rutgers Business School students are creating a website, CampusBord, to update students on campus happenings. They are currently relying on crowd funding to get the project off the ground.

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TAGS: Brett Gilbert Entrepreneurship Technology The Center for Urban Entrepreneurship and Economic Development

Two Entrepreneurial Student Groups Crowdfunding Innovations into Prospective Businesses

Monday, September 9, 2013
Newark, NJ

Rutgers Business School student Chris Arthur and two of his enterprising pals have a possible solution for those missing events or learning about them too late.

It's an app – in development.

Arthur and his friends, RBS seniors Christopher Akparanta and Paul Aderinto, call their idea CampusBord and with the encouragement of Rutgers Business School Professor Brett Gilbert, they are using the crowdfunding platform RocketHub.com to raise $35,000 to begin the process of turning their idea into a marketable product.

"The mission of CampusBord is to maximize the collegiate experience by providing students and organizations with an efficient means of connecting to each other and what's happening on their campus," the students said in a description posted on RocketHub.

"Our vision is to make cluttered bulletin boards a thing of the past," the students explained, "and to build the leading digital bulletin board and social service."

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TAGS: Brett Gilbert Crowdfunding Entrepreneurship Students

In a workshop on social innovation, participants are urged to be fearless and unafraid to fail

Monday, September 9, 2013

The director of President Barack Obama’s Social Innovation Fund shared his views on the importance of the emerging movement and what sometimes stands in the way of new ideas when he appeared at the Rutgers Workshop on Social Innovation.

TAGS: Deborah Dougherty Entrepreneurship Innovation Jeffrey Robinson New Jersey Social Innovation Institute Research Thought Leadership

Student entrepreneurs launch crowd-funding campaigns to finance development of their innovations

Tuesday, August 27, 2013

An initiative called FundSPARC gives students a taste of what it's like to raise the money necessary to turn an idea into a prospective business venture. Two groups of students are using RocketHub, an online crowdfunding platform, to move their ambitious plans forward.

TAGS: Entrepreneurship Fundraising The Center for Urban Entrepreneurship and Economic Development Undergraduate Newark

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