Crain’s New York Business: “Pace University launches entrepreneur lab”

Following the lead of schools like New York University and Columbia University, a group at Pace University has created a space for the school’s budding entrepreneurs to call home.

Downtown business school creates a space to foster entrepreneurialism among its students

By Emily Laermer
February 15, 2012
 
Following the lead of schools like New York University and Columbia University, a group at Pace University has created a space for the school’s budding entrepreneurs to call home. 
 
The lab, located on the third floor of 163 William St., will open Thursday. It was the brainchild of Neil Braun, the dean of the university’s Lubin School of Business. However, it will be available for use by all Pace students, not just those from the business school, he said. 
 
“It’s about more than starting companies. Entrepreneurship, to me, is a mindset, a way of thinking and interdisciplinary doing,” said Mr. Braun, adding that the lab will be open to students in all of Pace’s specialized schools, which include programs for computer sciences, business, education and health professions, as well as an arts and science program.
 
Before becoming dean of Lubin 18 months ago, Mr. Braun was the president of NBC Television Network and CEO and chairman of Viacom Entertainment.
 
Mr. Braun would not disclose the financials of the lab, but he noted that funding will come from the university. He said the university “reallocated funds that were used for other things that outlived their utility,” adding that he expects future successes from the lab will justify the cost.
 
The lab will include space for students to conference with investors, a studio for them to work and a large meeting room for speakers. Bruce Bachenheimer, the director of the lab and a professor at Lubin, says he plans to reach out to some of the thousand-plus Pace-area alums who self identify as entrepreneurs to be potential guests.
 
“This will be very student focused,” Mr. Bachenheimer said. “It’s important for me to see how the students are using the lab and what is providing them with the most value.”
 
In fact, Mr. Bachenheimer says he has seen an increase in student interest in entrepreneurship in recent years. He blames this on the economy and the high unemployment rate. Students see creating their own companies as a safer route.
 
“They also want to make something meaningful and create something,” he said.
 
Part of the inspiration for this lab stemmed from competitions at other schools like Stanford University and Massachusetts Institute of Technology. Locally, New York University launched its Innovation Venture Fund in 2010. This group offers seed money for startups built at the university. In November, the organization helped organize an Entrepreneurs Festival for its students.
 
NYU also partnered with Columbia University to organize hackNY, an group that aims to connect tech-minded students with startups. Columbia has its own lab, Columbia Technology Ventures, which launches about a dozen startups per year.
 
Pace will be hosting a ribbon-cutting event Thursday evening at the lab to mark its official launch. In addition to members of the Pace community, speakers for the reception include Gurbaksh Chahal, the founder, chairman and CEO of online advertising network RadiumOne, and Robert Walsh, the commissioner at the city’s Department of Small Business Services.

The Star-Ledger: “Will a provision in Obama’s jobs bill to protect the unemployed help? Career experts respond.”

President Obama has proposed passing a law prohibiting discrimination against the jobless. Is this a good idea that will help the jobless find jobs, or are the only people it will help find employment lawyers? Lisa J. Stamatelos, an adjunct professor of human resources management at the Lubin School of Business, gives her thoughts on the pros and cons of this legislation to Lee Miller, Career Columnist of The Star-Ledger.

Buried within President Obama’s proposed $447 billion jobs bill is a provision creating a new category of individuals against whom it will be illegal to discriminate — the unemployed.

There is a near unanimous consensus that failing to consider individuals that are unemployed to fill job vacancies is a bad business decision because there is a wealth of outstanding talent who, through no fault of their own, find themselves unemployed.  A strong argument can also be made that treating these individuals, who are desperately seeking work, as expendable is morally wrong. Just because something is wrong, however, doesn’t necessarily mean that the best way to remedy the problem is to pass a law.

Lisa J. Stamatelos, an adjunct professor of human resources management at Pace University’s Lubin School of Business, describes the proposal as “sounding good in theory, but useless in practice” in Sunday’s edition of The Star-Ledger

“The proposed law would boost the caseload of employment lawyers and put another cost burden on employers of defending themselves against frivolous lawsuits,” she adds. “Being unemployed may also sometimes be a legitimate reason for not hiring someone, if their skills have become antiquated.”

Jan 22 – Pace Hosts Multi-College Job Fair for GRADUATE Business Students/Alumni – 40 Hiring Firms

With layoffs and high unemployment in the New York area affecting increasing numbers of professionals with graduate degrees, MyWorkster, a leading online career development network, will bring together two dozen of the nation’s top business schools for the first ever Multi-School Graduate Fair for job seekers with Masters degrees in business, technology and public administration. More than 40 leading companies will also take part in this unprecedented event on Friday, January 22nd at Pace University’s downtown Manhattan campus.

Media Contacts:

Samuella Becker, Pace Public Information, sbecker2@pace.edu, 212-346-1637 or 917-734-5172 Thomas J. Basile, MyWorkster, TBasile@EmpireSolutionsllc.com – 917-579-2216

Employers & Job Seekers Join Forces on Friday, January 22, New York City

Pace University Hosts Collaborative, Multi-School Job Fair for GRADUATE Business Students/Alumni (MBA, MS, MPA Degrees) from 24 Participating Colleges AND 40 “Hiring” Companies; Event Organized by MyWorkster

NEW YORK, January 19, 2010 — With layoffs and high unemployment in the New York area affecting increasing numbers of professionals with graduate degrees, MyWorkster, a leading online career development network, will bring together two dozen of the nation’s top business schools for the first ever Multi-School Graduate Fair for job seekers with Masters degrees in business, technology and public administration. More than 40 leading companies will also take part in this unprecedented event on Friday, January 22nd at Pace University’s downtown Manhattan campus.

The event, specifically geared toward job seekers with MBA, MPA and MS degrees, represents a new model in improving alumni and student access to top employers through a combination of face-to-face and online networking.

Coordinated by MyWorkster and hosted by Pace University, this event involves graduate schools of business from both public and private universities that increasingly are looking for new ways to aid alumni and students seeking internships and permanent positions. The price of admission is $10 and pre-registration is required at http://www.myworkster.com/jobfair

“The recession has hit so many professionals with advanced degrees, particularly in the New York area,” states MyWorkster Director of Operations Doug Baruchin. “Those candidates have special skills and needs. These graduate business schools recognize that, and have joined forces with us to provide a unique networking experience for their qualified students and alumni. Additionally, employers coping with the recession are looking to cut costs in the recruitment process. This event addresses both needs by bringing together a seasoned pool of graduate degree holders with a wide range of top employers. It leverages MyWorkster’s proprietary technology to make networking and recruiting more effective.”

Unlike traditional job fairs where the networking begins and ends at the event itself, employers using MyWorkster’s online tools can screen candidates before the fair and contact numerous others they might not have the opportunity to meet directly at the event through MyWorkster’s robust networking technology.

“We at Pace, like other universities, are working hard to assist our students and alumni,” said Jody Queen-Hubert, Executive Director of the Pace University Career Co-op & Career Services.

“By having access to an exponentially larger number of solid leads from this fair, employers can organize the profiles they find attractive into a ‘saved list,’ send messages to job seekers, invite them for interviews and/or internships and interact via chat or video links,” Queen-Hubert continued. “Employers can source both passive and active talent and post an unlimited amount of jobs across targeted college networks, efficiently providing access to tens of thousands of qualified job seekers.”

PARTICIPATING SCHOOLS: Adelphi School of Business, Bentley McCallum Grad School of Business, Cornell Johnson Grad School of Management, Clark Graduate School of Management, C.W. Post (LIU) School of Business, Depaul Kellstadt Grad School of Business, Dartmouth Tuck School of Business, Fordham Grad School of Business, Hofstra Zarb School of Business, Indiana University Kelley School of Business, New Paltz (SUNY) School of Business, NJIT School of Management, Northeastern College of Business, Notre Dame Mendoza College of Business, NYIT School of Management, NYU Polytechnic, NYU Wagner Grad School of Public Service, Pace Lubin School of Business, Rutgers Business School, Seton Hall Stillman School of Business, St. John’s Tobin College of Business, Temple Fox School of Business, Virginia Tech Pamplin College of Business, Wagner College Wagner MBA

PARTICIPATING EMPLOYERS: Becker Professional Education, Bridge Financial Group/Metlife, Catholic Health Services of Long Island, Central Intelligence Agency (CIA),Chartis Insurance, Financial Industry Regulatory Authority (FINRA), Henry Schein, Interactive Brokers Group LLC, John Mini Distinctive Landscapes, Local Initiatives Support Corporation, MediaCom, MyPublisher, National Futures Association, National Life Financial Alliance, New York State Unified Court System, Northwestern Mutual Financial Network – Rye Brook, NYC Fire Department, NYU Wagner, Penn Mutual, Prudential, Sirius XM Radio, Skandinaviska Enskilda Banken AB (Publ) New York Branch, Social Security Administration, SS&C TECHNOLOGIES, Target, The Alliance of Insurance & Financial Professionals, The Associated Press, The NYC Department of Small Business Services, Thomson Reuters, U.S. General Services Administration, Wells Fargo Financial, WithumSmith+Brown, P.C.

About Pace University: For 103 years Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit Pace on the web at www.pace.edu| Facebook | Twitter (@PaceUNews) | Flickr | YouTube

About MyWorkster: (http://www.MyWorkster.com) MyWorkster (http://www.myworkster.com/flash/video.html) is a breakthrough social networking platform that connects members with employers, mentors, educational institutions and information resources to find the right job or advance their career. MyWorkster is changing the way people connect by leveraging collegiate networks and common associations to facilitate career development and advancement. This unique network provides immediate access to nearly 3,000,000 jobs and thousands of decision makers using proprietary technologies that make job placement more efficient and effective for both the member and employer.