Federal government eyes opportunities to replicate University of Michigan’s student entrepreneurial activity

Students can create jobs.

That philosophy underpinned the University of Michigan’s efforts to create an environment in which student-led companies could flourish – and now Washington is taking notice.

The U.S. government plans to consider how to replicate U-M’s student entrepreneurial initiatives on a broader scale.

The role of college student entrepreneurs in creating jobs and generating economic activity should be acknowledged and leveraged at other universities, U.S. Secretary of Commerce Gary Locke said Tuesday after speaking at a forum in Ann Arbor.

Student-led companies cultivated at U-M’s TechArb incubator http://www.annarbor.com/business-review/university-of-michigans-permanent-techarb-incubator-offers-new-economic-pathway/ underscore the university’s leadership role in encouraging entrepreneurialism on campus. About a dozen companies are headquartered at the TechArb, and a few of the first companies to locate there have landed clients and are hiring new employees.

By: Nathan Bomey

Full Story: http://www.annarbor.com/business-review/federal-government-eyes-opportunities-to-replicate-university-of-michigans-student-entrepreneurial-a/