May 28, 2008

UCLA Anderson Hosts Entrepreneurial Program for Veterans

Program offered to servicemen and women injured in the line of duty since 2001


LOS ANGELES - This summer, UCLA Anderson will join a select group of business schools in a new program designed to assist veterans with disabilities.  The Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) will offer training in small business start-up and management to servicemen and women injured in the line of duty since 2001. The EBV consortium of schools represents a partnership of Syracuse University, UCLA, Texas A&M University, and Florida State University - each which will offer the EBV program on their campuses this year.  This consortium represents one of the first, significant partnerships of its type since World War II, with business schools at American universities opening their doors to veterans who are motivated by business ownership.

It is estimated that the number of service people wounded in the war on terror is now nearly 40,000.  In addition, the number of soldiers suffering from post-traumatic stress and other psychological challenges is significant.  For many of them, traditional employment represents a lifelong challenge.  Throughout American history, entrepreneurship has been a means for veterans to make a way for themselves and their families, and to re-engage the economic engine of their communities and ultimately the nation.  Business ownership offers veterans the opportunity to “own their futures” while also offering the flexibility to accommodate the unique challenges associated with a service-connected disability.

In response to the need of these self-sacrificing Americans, Syracuse University created the EBV program and enrolled their first class of 20 participants in the summer of 2007.  The program integrates world-class faculty, entrepreneurs, disability experts and business professionals in an educational program that trains veterans in the entrepreneurial competencies associated with small business ownership. Last fall, UCLA Anderson’s Harold and Pauline Price Center for Entrepreneurial Studies was invited to offer the EBV in its second year. “We are honored to participate in the EBV consortium, said Alfred E. Osborne, Jr., senior associate dean of UCLA Anderson and faculty director of the Price Center.  “As a public institution, UCLA has a legacy of service, and we look forward to helping these distinguished young men and women develop the skills they will need for the next phase of their careers.” 

The four institutions have committed to a three phase, standardized EBV program format, ensuring that all participants receive a consistent, high-quality experience. Phase I is a self-study session in which the veterans complete courses through online discussions moderated by university faculty.  Phase II is a nine-day residency at participants’ EBV university, where they will learn to develop business concepts and understand the basic elements of small business management. Phase III involves 12 months of ongoing support and mentorship provided to the veterans by the faculty experts at the EBV universities. Throughout the EBV experience, students engage in workshops to develop strategies for raising capital, attracting customers, and ultimately writing business plans that are most effective for their business model.

For the participating veterans, the program will be entirely free, including travel and accommodations.  The Price Center is continuing to accept donations to underwrite the cost of the program.

About the Harold and Pauline Price Center for Entrepreneurial Studies
The Harold and Pauline Price Center for Entrepreneurial Studies, a recognized leader in entrepreneurial education. Now celebrating its 20th year, the Price Center supports teaching, research, extracurricular activities and management development programs in the areas of entrepreneurship, venture capital and social enterprise at UCLA Anderson.  90% of UCLA Anderson’s full time MBA students enroll in entrepreneurial electives while at Anderson, and more than half are active members of the student-run Entrepreneur Association.  The Center is known for its extensive outreach and the impact of its management development programs, which provide entrepreneurial education to such diverse groups as directors of Head Start agencies and community health organizations; leaders of NGOs in Africa that are working on the HIV/AIDS crisis; founders and executives of entrepreneurial companies (including minority-, women- and disabled veteran-owned enterprises); directors and officers of venture-backed and public companies; and K-12 teachers working to develop entrepreneurial curricula, among others.

About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world.  UCLA Anderson faculty are ranked #1 in "Intellectual Capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Furthermore, the finance faculty is ranked #1 in research publications in the four leading peer-reviewed journals by the Financial Management Association. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs.  Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.

Contact Information

Hasmik Stepanian, (310) 206-7476, ebv@anderson.ucla.edu

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