BizEd: “Idea Central”

. . . Embracing an interdisciplinary purpose brings a sense of excitement to a business school and its entrepreneurial center, says Bruce Bachenheimer, who directs the Entrepreneurship Lab (eLab) at Pace University’s Lubin School of Business.

. . . Embracing an interdisciplinary purpose brings a sense of excitement to a business school and its entrepreneurial center, says Bruce Bachenheimer, who directs the Entrepreneurship Lab (eLab) at Pace University’s Lubin School of Business. Opened in February 2012 in a building near New York City Hall, eLab’s purpose is not only to augment the school’s entrepreneurship curriculum with events and services, but also to bring together the schools of business, arts and sciences, health professions, education, and computer science and information systems in crossdisciplinary problem solving.

“I recently met with education students who want to develop new educational technologies to teach STEM subjects to New York City high school students—they call themselves ‘edupreneurs,'” says Bachenheimer. “We’re working with nursing students to help them collaborate with computer science students to develop mobile apps for the field of gerontology. Bringing together students from different colleges has been exciting.”

Read the article in BizEd, a bi-monthly magazine for individuals and organizations involved or interested in collegiate business education.

E-Commerce Times: “SEC Opens the Door to Crowdfunding”

. . . Even with the SEC’s cautious approach, however, crowdfunding’s appeal will likely translate into, at the very least, dashed hopes on the part of both investors and businesses, Bruce Bachenheimer, a professor of management at Pace University, told the E-Commerce Times.

. . . Even with the SEC’s cautious approach, however, crowdfunding’s appeal will likely translate into, at the very least, dashed hopes on the part of both investors and businesses, Bruce Bachenheimer, a professor of management at Pace University, told the E-Commerce Times.

“While there are many exciting possibilities that could come from the act, I’m afraid it will result in an amateur ‘field of dreams,'” he said — “early startups dreaming of easy funding and nascent individual investors dreaming of big returns.”

TheStreet.com: “Entertaining Clients? Save Your Money”

. . . “Nowadays there’s just a level of uncomfortability for the giver and the receiver,” says Bruce Bachenheimer, director of the Entrepreneurship Lab at Pace University in New York . “If you’re rolling out the red carpet for a customer, they’re going to assume you have incredibly high margins to do all that spending.”

. . . “Nowadays there’s just a level of uncomfortability for the giver and the receiver,” says Bruce Bachenheimer, director of the Entrepreneurship Lab at Pace University in New York . “If you’re rolling out the red carpet for a customer, they’re going to assume you have incredibly high margins to do all that spending. They’re going to think, ‘Oh, he’s overcharging everyone — including me — in order to afford all this.”

Read the story on TheStreet.com.

NEWS ADVISORY: Entrepreneurship NYC: The role of universities in the NYC ecosystem

Pace University’s Entrepreneurship Lab and the MIT Enterprise Forum of NYC will host a forum to discuss the role of universities in the New York City entrepreneurship ecosystem. The event takes place on Thursday, November 7 at Pace’s downtown New York City campus in the Aniello Bianco Room of One Pace Plaza, 5:30 p.m. to 8:30 p.m.

 

MEDIA ADVISORY

Note: Members of the media must RSVP to attend. Email wcaldwell@pace.edu.

Entrepreneurship NYC:  The role of universities in the NYC ecosystem

New York, October 9, 2013 — Pace University’s Entrepreneurship Lab and the MIT Enterprise Forum of NYC will host a forum to discuss the role of universities in the New York City entrepreneurship ecosystem. The event takes place on Thursday, November 7 at Pace’s downtown New York City campus, east of City Hall and six blocks from Wall Street, in the Aniello Bianco Room of One Pace Plaza, 5:30 p.m. to 8:30 p.m.

The enormous impact universities have on regional economies can be clearly illustrated by examples such as Stanford in Silicon Valley and MIT in the Greater Boston area. In New York City, the role of universities extends well beyond research and technology transfer. Local universities have been integral to the success of New York’s ‘New Economy’ by playing a special role in the entrepreneurial ecosystem. This event will explore that unique role through a panel discussion followed by an interactive session with the audience.

Panelists: Eric Gertler, Executive Vice President, New York City Economic Development Corporation and Managing Director, Center for Economic Transformation for the City of New York; Orin Herskowitz, VP of Intellectual Property and Tech Transfer, Columbia University and Executive Director of Columbia Technology Ventures; Debera Johnson, Executive Director, Pratt Institute’s Center for Sustainable Design Studies and founder of the Pratt Design Incubator for Sustainable Innovation; and Geoffrey W. Smith, founding Director of the Center for Technology, Innovation, and Entrepreneurship at the Icahn School of Medicine at Mount Sinai and a co-founder and general partner of Ascent Biomedical Ventures. Moderator: Bruce Bachenheimer, Clinical Professor of Management and Director of the Entrepreneurship Lab at Pace University.

About the Lubin School of Business at Pace University: Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.  www.pace.edu/lubin

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

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Computerworld: “Obamacare could help fuel a tech start-up boom”

. . . While Obamacare may lead to an increase in start-ups, there’s another side to the coin. Once a start-up nears 50 full-time employees — the threshold for taking on insurance coverage responsibilities under the law — it might prompt the company to shift people to part-time work and rely more on outsourced contractors, said Bruce Bachenheimer, a professor of management at Pace University and director of its Entrepreneurship Lab.

. . . “A relatively short stay in a hospital can bankrupt someone,” said Bruce Bachenheimer, a professor of management at Pace University and director of its Entrepreneurship Lab. He said that, anecdotally, he’s seen many people who will take a job they don’t even care about just to get health coverage. “It’s become such an important factor,” he said.

The average age of people who create a tech start-up is 39, and not 20-something,” said Bachenheimer, despite the famous examples created by people such as Steve Jobs and Bill Gates. On top of that, there are twice as many tech start-up founders who are over the age of 50 as those who are younger than 25, he said.

Entrepreneurs are willing to take on risks, but health care is not a manageable risk, said Bachenheimer.

“There is a big difference between mortgaging your house on something you can control, and risking going bankrupt by an illness because of something you can’t control,” said Bachenheimer. No one can predict a car accident or a serious illness, he said.

“Entrepreneurs actually don’t see starting a business as risky as many people think, because they are so confident in their abilities and their idea,” said Bachenheimer. “But they would see going around without health insurance as a risk.”

Read the article by Computerworld.

Entrepreneur.com: “Top Campus-Based Resources for Aspiring College Entrepreneurs”

. . .”The Entrepreneurship Lab has assembled an impressive collection of technology resources, including high-performance computers, sophisticated software, a professional video studio, a surface computer, and a 3D printer; as well as a wide variety of desktop, laptop and tablet computers,” says Bruce Bachenheimer, clinical professor of management at Pace University as well as director of its entrepreneurship program.

. . . Access to valuable equipment is a major bonus of being an entrepreneur still enrolled in school. Bruce Bachenheimer, clinical professor of management at Pace University as well as director of its entrepreneurship program, explains one aspect of why his school’s program is so valuable to student startups: “The Entrepreneurship Lab has assembled an impressive collection of technology resources, including high-performance computers, sophisticated software, a professional video studio, a surface computer, and a 3D printer; as well as a wide variety of desktop, laptop and tablet computers.”

Read the article 0n Entrepreneur.com.

Wall Street Journal: “You Have a Great Idea. Now What Do You Do?”

Bruce Bachenheimer, a clinical professor of management and director of the Entrepreneurship Lab at Pace University, is quoted in a story about great ideas for a business.

Bruce Bachenheimer, a clinical professor of management and director of the Entrepreneurship Lab at Pace University, is quoted in a story about great ideas for a business.

U.S.News & World Report: “3 Smart Ways to Earn Business Credentials Without an MBA”

. . . As Professor Bruce Bachenheimer, the program director for entrepreneurship at Pace University’s Lubin School of Business, explains, “While experiential learning should be part of a traditional MBA program, it is imperative to those seeking to gain critical business skills independently.”

. . . As Professor Bruce Bachenheimer, the program director for entrepreneurship  at Pace University’s Lubin School of Business, explains, “While experiential learning should be part of a traditional MBA program, it is imperative to those seeking to gain critical business skills independently.”

Read the article by U.S.News.

Forbes: “Bruce Bachenheimer, Man of Mystery”

Twice a month Enstitute hosts speakers–and treats them to a home-cooked meal. Bruce Bachenheimer is the head of Pace University’s entrepreneurship lab. Bachenheimer, who is working on an autobiography, has stories for days.

Twice a month Enstitute hosts speakers–and treats them to a home-cooked meal. Bruce Bachenheimer is the head of Pace University’s entrepreneurship lab. Bachenheimer, who is working on an autobiography, has stories for days.

Read more on Forbes.com:

Bruce Bachenheimer, Man of Mystery

The Apprentices: Learn-By-Doing Entrepreneurship At Enstitute

Also read his comments in the American Express Open Forum article, 6 “Shark Tank” Lessons for Entrepreneurs

 

 

Crain’s New York Business: “Delivering the perfect pitch – Startups flock to business-plan competitions to win cash and publicity.”

. . . “In this era of the lean startup, when entrepreneurs must continuously refine their business models in a fast-moving marketplace, these competitions are like rocket fuel,” said professor Bruce Bachenheimer, director of entrepreneurship at Pace University’s Lubin School of Business, which hosts its own business-plan competition.

. . . “In this era of the lean startup, when entrepreneurs must continuously refine their business models in a fast-moving marketplace, these competitions are like rocket fuel,” said professor Bruce Bachenheimer, director of entrepreneurship at Pace University’s Lubin School of Business, which hosts its own business-plan competition.

Read the article in Crain’s New York Business.