RIT’s Saunders Faculty awarded $500,000 to establish life science Government MBA entrepreneurship plan

Rochester Institute of Technology’s Saunders University of Business enterprise has been awarded a grant of up to $500,000 by Empire Point out Advancement to create an on the web existence sciences Government MBA entrepreneurship program. The new degree will be formed in partnership with RIT’s Kate Gleason College of Engineering, School of Science, and Golisano Faculty of Computing and Info Sciences. 

“RIT and Saunders College or university of Organization are psyched for this possibility,” explained Saunders Higher education Dean Jacqueline Mozrall. “Supported by Empire Condition Development’s Entrepreneur Enhancement Grant, we will build and supply a custom made application that will serve to bridge our nationally rated online Govt MBA with the wealthy portfolio of existence sciences, engineering, and computing abilities discovered at RIT. This initiative will place entrepreneurs to travel commercial programs and position generation in the lifetime sciences.”

The new online Executive MBA software will just take 17 months to complete and will offer you three tracks for learners to pick out from: biomedical engineering, bioinformatics, and a customizable possibility.

Exterior of lessons, college students will sort relationships with expert lifetime sciences mentors, full at least a person actual-world life sciences entrepreneurial undertaking, and have the choice to sponsor their personal capstone start off-up challenge with assistance from the RIT Simone Center for Innovation and Entrepreneurship or RIT Undertaking Creations enterprise incubator.

“In the RIT tradition, this will be a really used plan from begin to finish, like consulting tasks in which our students will get the job done with companies in Lifestyle Science industries,” said Jeffrey W. Davis, director of RIT’s EMBA and Government Training programs. “This exclusive applied expertise mixed with unmatched networking prospects will distinguish our pupils and proceed to established Rochester aside as a hub for new venture development.”

The software is anticipated to welcome its initially cohort in tumble 2022. 

This New York point out grant is section of an intiative to deal with the expanding have to have for entrepreneurial talent in New York’s lifetime science ecosystem. Very first announced by Gov. Andrew Cuomo in 2019, the grants are intended to assistance near the expertise gap that previously limited lifetime science commercialization in the point out.

Other 2021 recipients contain Cornell College, Rensselaer Polytechnic Institute, Stony Brook University, and University at Buffalo.

This gift is part of Transforming RIT: The Campaign for Greatness, a $1 billion college fundraising exertion, the biggest in college historical past. This blended marketing campaign seeks assistance from a wide variety of buyers, together with alumni and buddies, federal government and company partners, and investigate foundations and companies. The campaign has raised $805 million to day.