Student Life in Entrepreneurship
UIC Business is home to the Institute for Entrepreneurial Studies
, which supports the academic programs by connecting student with local business and entrepreneurs. All students majoring in entrepreneurship are required to participate in consulting projects with local entrepreneurs to help their businesses achieve stability and growth. Students also assist entrepreneurs in writing and editing business plans, and many students launch their own businesses while in the program.
IES supports the Entrepreneurial Student Team Program
(464 Entrepreneurial Consulting), which provides upper-level undergraduates the opportunity to practice general business analysis in a real-world setting. Previous companies and projects for the class have included:
IES also sponsors Concept2Venture
, a yearly business plan competition that takes place every December. The competition is open to undergraduate and graduate student teams from any of UIC's 15 colleges, including teams made up from multiple colleges. The event provides students with an opportunity to pitch their business plans to potential investors and compete for awards exceeding $10,000 cash for their business ideas, plus in-kind services. A distinguished panel of experts including entrepreneurs, venture capitalists, investors and service providers will judge the entries and provide valuable feedback.
Enactus: Our purpose is to foster growth and stability in our community and our world. We are guided by the power of business and the spirit of philanthropy to address social, economic, and environmental issues to improve the quality of life. Students who join Enactus (formerly SIFE) have an opportunity to use their business school while making a positive social impact. Enactus teams effectively empower people in need by applying business and economic concepts and an entrepreneurial approach to improve the quality of life and standard of living for their target audience.
Recently, UIC students won "Rookie of Year Award" at the regional Rosemount Enactus conference. In the past year, students volunteered as Junior Achievement educators; partnered with TCF Bank to provide a financial literacy workshop for students; and participated in the "Campbell's Let's Can Hunger Challenge" organizing a food drive and hosting a fundraising dinner.
Innovation Incubator is a UIC organization dedicated to building and fostering entrepreneurship and innovation. Its purpose is to promote awareness of the resources available to the community and to help budding entrepreneurs create viable businesses.