NEW YORK — Columbia Business School’s Eugene Lang Entrepreneurship Center announced the creation of the Columbia Entrepreneurs Lab today, a cooperative working space available free of charge to student entrepreneurs accepted into the new program. Participants will have access to practical resources and mentorship opportunities that will help them launch new ventures.
“The Entrepreneurship Lab is a collaboration between multiple schools across campus and an important milestone in Columbia University’s efforts to prioritize the importance of entrepreneurship programming for all Columbia entrepreneurs,” said Professor Murray Low, director of the Lang Center. “Our goal in launching the Lab was to provide a cooperative space that could serve as an incubator to some of the many impactful ideas housed in the minds of Columbia community members.”
More than a dozen entrepreneurs will serve as the inaugural class for the Lab, with proposed ideas spanning a variety of technologies and product innovations and potentially having application in the fields of healthcare, environmental protection, media, and entertainment.
One of the proposed ventures uses cutting–edge language processing combined with a 3D graphics engine to create a rendering of any scene based purely on a person’s words. Dubbed WordsEye by its creators, the technology recently claimed the $100,000 grand prize in the fourth annual New York Business Plan Competition.
The Columbia Entrepreneurs Lab was established through efforts led by the Dean’s Advisory Board at Columbia Business School. Members Patrick Crosby ’14, Justin Belmont ’14, and James Grant ’13, who are part of the board’s entrepreneurship committee, led the initiative that culminated in the launch of the Entrepreneurship Lab.
Columbia Business School alumnus Derek Lee ’08 is one of the lead facilitators of the program. “I think this class of entrepreneurs provides a solid start to the CEL initiative,” he said. “Our goal is to provide them with skills and, perhaps more importantly, experiences they can bring with them into the fall.”
The facility is located on Columbia’s Morningside campus, enabling easy access for student entrepreneurs.
About Columbia Business School
Led by Dean Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics, Columbia Business School is at the forefront of management education for a rapidly changing world. The school’s cutting–edge curriculum bridges academic theory and practice, equipping students with an entrepreneurial mindset to recognize and capture opportunity in a competitive business environment. Beyond academic rigor and teaching excellence, the school offers programs that are designed to give students practical experience making decisions in real–world environments. The school offers MBA and Executive MBA (EMBA) degrees, as well as non–degree Executive Education programs. For more information, visit www.gsb.columbia.edu.