Education key to promoting economic growth in Kansas
At age 25, graduate student Christina Spires is a CEO. She and three other students run Abacus LLC, a model business for data retrieval software. They are enrolled in a new venture creation course, which teaches students how to develop a business plan and market products created by University of Kansas faculty. This course is one of many new initiatives in entrepreneurship education at KU that may give students and the Kansas economy a boost in the business world.
Entrepreneurship education has grown considerably at KU in the past year. The School of Business recently added graduate and undergraduate degree programs in entrepreneurship. This addition placed KU in the top 50 business schools in the nation.
Wallace Meyer
Director of entrepreneurship programs
Spires, who graduated from KU in 2002, said she wished entrepreneurship courses had been offered when she was an undergraduate student.
"If I went to work for a company, I would be able to assist with a business plan or do research for a new product. These programs will give undergraduates an edge going into the workplace," Spires said.
But that edge could help further more than students' careers. If Spires and her team do well, their business will go public, adding one more venture to the Kansas economy. Meyer said commercializing products is a primary goal of entrepreneurship education.
"Entrepreneurship education directly addresses startup companies and growth of small firms," Meyer said. "It better prepares anyone who attends KU to be able to participate in startups and small businesses and thereby contributes directly to the economic growth of Lawrence, Douglas County and the state of Kansas."
According to the Kansas Department of Commerce, 25 of every 100,000 adults in Kansas will start a new business every month. Caleb Asher, director of communications and marketing for the Kansas Department of Commerce, said educating students in entrepreneurial skills has a significant impact on the Kansas economy.Asher said many students think they can't be successful as entrepreneurs if they stay in Kansas after graduation.
"We call it 'brain drain.' Not only do students not go back to their hometown, they don't even stay in the state," Asher said. "We need those students right out of college to find that there is a place for them here."
Senior Justin McAuley said he thought there was more opportunity for business on the coast. McAuley, who is minoring in entrepreneurship, started his own online company this year. He also started the Entrepreneurship Club, which helps students brainstorm to make their business ideas a reality.
McAuley said the club and other entrepreneurship education programs at KU would help the growth of businesses in Kansas.
"If we start stepping up and educating more people, maybe that will help keep the Midwest competitive," McAuley said.
Asher said encouraging entrepreneurship education has been a goal of the state since the Kansas Economic Growth Act was enacted in 2004. The act addressed economic needs of the state identified by business leaders and economic developers.
The act established the Kansas Center for Entrepreneurship to help connect entrepreneurs to available resources in Kansas. Director Steve Radley said the center supplies entrepreneurs with three basic tools: economic resources, expertise and education.
Radley said entrepreneurship education is important at a collegiate level, because it encourages students to think innovatively and adapt.
According to the book "Entrepreneurial Imperative" by Carl Schramm, over half of all university graduates will start a business over the course of their lives. Radley said this statistic proved that students needed entrepreneurship education in order to take control of their future."Entrepreneurship is job creation. It's the key to our competitiveness in the global market," Radley said. "I think entrepreneurship offers opportunities for people who want to stay in Kansas."
Meyer said he is working to open a similar center at KU, allowing students and faculty to connect with local resources.
"Our goal is to provide a steady flow of 'commercializable' properties from the University, Lawrence and the region that benefits the economic platform of the state of Kansas," Meyer said.
According to the US Small Business Association, small businesses and ventures represent more than 99.7 percent of all employers in the US. There are more than 240,000 small businesses in Kansas alone. Because it is likely that they will work for a small business, Meyer said that it is important for students of all majors to partake in entrepreneurship education.
The Kansas Economic Growth Act also addressed the importance of expanding entrepreneurship outreach beyond citizens already involved in business. The Kansas Technology Enterprise Corporation started KTEC Pipeline Innovators, a program to mentor budding entrepreneurs in Kansas who come don't come from business backgrounds.
One of these innovators is KU professor of mechanical engineering Lisa Friis. Friis said that entrepreneurial skills can be applied to any discipline and help students of all majors develop their ideas.
She is currently working with Meyer to begin a new product development course for engineering, business and industrial design students. The course would allow students from the three departments to collaborate their skills.
Friis said that developing entrepreneurship education programs at KU would encourage students to pursue business ventures and ultimately contribute to the state economy.
"We have a responsibility to serve our constituents, not just in education and research for students here, but I also believe we have a role in economic development," Friis said. "I think we're doing our state and the region a disservice if we don't promote that."

The kidding process, or females having their babies, is happening right now. These babies were born only a few weeks ago.
These one-year-old goats have not yet been put with the rest of the female herd. They will be introduced to the herd later this year when all of the mothers have finished kidding.
Cupcake is one of the does at the Goddard Farm. She is a Nubian goat, or milk goat.