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MSU College of Business Featured in Entrepreneur Magazine
Montana State University’s College of Business and Bozeman were featured in a story in the October issue of Entrepreneur magazine that profiled nine of the country’s exemplary town-gown relationships. The article gave examples of how the nine institutions collaborate with their communities to encourage small business development.
Bozeman was the smallest town profiled, joining the likes of Chicago, San Diego and Washington, D.C. MSU was one of the two smallest universities featured.
In the section focused on MSU and Bozeman, Entrepreneur - a monthly magazine with more than two million readers — described what it called the “Montana Compromise,” or, how people who live in beautiful places must grapple with low wages.
“Bozeman and MSU are working to overcome that,” the article’s author wrote, through The Center for Entrepreneurship for the New West in MSU’s College of Business. Through this program, students work for start-up or growth technology companies, gaining valuable work experience while benefiting local companies. Since the center was founded in 2001, MSU students have provided 10,000 hours of consulting advice to 40 local companies.
“There is increasing evidence that this type of programmatic approach not only enhances the professional skills of students, but results in a ‘brain gain’ for the state,” said Dan Moshavi, dean of the College of Business.
In addition to the Center for Entrepreneurship for the New West, Entrepreneur highlighted TechRanch, a small-business incubator that works closely with MSU to help fast-track companies from idea to commercialization.
“Bozeman is rapidly solidifying its place as the entrepreneurial hotbed of the Northern Rockies in hopes that its homespun entrepreneurs can live in Big Sky Country and still make the mortgage payment,” Entrepreneur noted.
Now, about two-thirds of MSU College of Business graduates stay in Montana when starting their careers, and the director of TechRanch says Bozeman shouldn’t be underestimated.
“With the internet, MSU and TechRanch programs, people here can have their cake and eat it too,” John O’Donnell told Entrepreneur magazine. “There’s an amazing quality of life—and a shot at swinging for the fences.”
The Big Sky Business Journal
P.O. Box 3262
Billings, MT 59103