$50K of Free Money to Entrepreneurs
Hey, the budget deficit is only in the Trillions of dollars. Why not throw a little money to start-up engineers in the hope that it’ll spur the economy. Too little, too late? Not government’s job?
Starting this September at Standford University, the Innovation Corps programwill give $50k to each of 100 new “start-up” companies every year. The members of these 3-person-minimum companies must go through an intensive entrepreneurial education class associated with the University and the money isn’t a “investment,” at least not using the normal vernacular.
The $50k/company is free money. No stock, no payback, no obligation.
The Feds are “investing” $10 million to try and change the course of MBA programs. Turns out that an MBA just isn’t particularly useful if you’re not looking to work for one of the Fortune-500 companies.
Best of luck to these start-ups. Hopefully the schools can help send them in a successful direction now that they’ve got more money even though their previous education turned out to not be so useful.