Finalist

Entrepreneurial University of the Year Award

Northeastern University

Finalist of the Entrepreneurial University of the Year Award

Northeastern University - United States

"Innovation and Entrepreneurship, Powered by Experience."


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Summary

Our approach to entrepreneurship is multidimensional and experience-driven. It’s about developing people who can think and do in ever-changing contexts. It’s about finding faster, better ways to launch companies that drive innovation and create jobs. And it’s about building the community and networks that founders, VCs, and mentors need. We do this by drawing on what makes Northeastern unique:

Experience. Our students come to Northeastern for our world-leading experiential learning model. By nature, they’re motivated, industrious self-starters. We’ve harnessed that drive to create a robust set of entrepreneurship organizations where even those who never considered entrepreneurship feel welcomed and supported. Recognizing early on that students don’t see entrepreneurship as business-school-centric, we also designed courses, co-ops (our signature six-month work experiences), bootcamps, and venture accelerators that allow people to gain entrepreneurship experience across all disciplines and stages of life and career.

Global reach. Northeastern now has 13 campuses globally integrated into some of the fastest-growing tech and start-up economies. That means opportunities to gain entrepreneurship experience in many contexts—not only in start-up and Big Tech hubs like San Jose, Seattle, Toronto, and Boston, but also emerging tech and finance economies like Miami; Portland, Maine; and London.

Our partnership model. Partnership with industry, government, and community organizations fuels our unique model for lifelong learning and collaborative research. We’re able to tap that network and integrate the hundreds of startups and venture capitalists into all parts of our entrepreneurship student and faculty experience.

Key People


Joseph E. Aoun
President
Northeastern University



Mary Ludden
SVP, Global Network & Strategic Initiatives
Northeastern University



Christopher Wolfel
AVP, Entrepreneurship & Venture Creation
Northeastern University



Jennifer Boyle-Lynch
Executive Director
Center for Research Innovation,  Northeastern University



Betsy Ludwig
Executive Director
Women’s Entrepreneurship,  Northeastern University



Wendy Eaton
Associate Director
Venture Mentoring Network,  Northeastern University



Marina Watanabe
Associate Director
Mosaic,  Northeastern University



Wendy Blackwell-Moore
Sr. Director of Entrepreneurship
The Roux Institute,  Northeastern University



Fernando Suarez
Jean C. Tempel Professor & Entrepreneurship and Innovation Group Chair
D'Amore-McKim School of Business,  Northeastern University



Ted Johndon
Director
Sherman Center for Engineering Entrepreneurship,  Northeastern University


Acknowledgements

The universitywide, cross-cutting nature of Northeastern’s entrepreneurial ecosystem means that the list of contributors to its ongoing success is almost limitless—students, professors, advisors, mentors, industry partners, alumni. However, we’d like to call out specifically the support of Northeastern’s University Advancement team. It recently launched an ambitious new $1.3B fundraising campaign called Experience powered by Northeastern, and it prioritizes support for the visionary entrepreneurs of tomorrow. Philanthropic support—fiscal, programmatic, and mentorship—will be essential to our initiative’s scaling goals.

Images

Start Summit at Northeastern's Roux Institute in Portland Maine. This event brings together students, partners, and the local community in a hack-a-thon style event.

Students from Disrupt, the student-led fintech initiative show off their new shirts at the annual Fall Fest.

The Entrepreneurs Club team celebrates at the end of a successful demo day drawing over 150 people.

Founder Residency participant JotLogs presents at the Startup Showcase, pitching his business to hundreds of mentors, investors, and students.

Phyta Bar celebrates winning First Prize in the Husky Startup Challenge, a student-led multi-week bootcamp.

The IDEA Lab is not only a hub for the Student-Led Accelerator it is a place for collaboration amongst students, alumni, faculty, and staff.

Northeastern University London Students attend the inaugural "Breaking into Startups" event.

Members of the WISE leadership team at Bain & Co during the WISE Trek, a week long experience that brings WISE leaders to Silicon Valley to meet companies and innovators.

Professor Randall Erb and his student Joshua Martin work with a 3D printer that Martin developed that uses magnets. Joshua is now the CEO of Fortify, a successful spin out based on this technology.

IMPACT STORY

Impacting lifes

As a sophomore at Northeastern, after taking a sign language class, Samantha Johnson developed the revolutionary idea of a tactile sign language robot, honing the concept as she continued on as a graduate student. Her concept led to Tatum Robotics, a company that offers people with deaf blindness their first independent communication tool.

Johnson started working with special needs students in middle school, and in high school she was one of the first members to join a unified track and field team, where special needs athletes compete alongside abled partners. These experiences showed her the potential of assistive technologies and inspired her to pursue bioengineering at Northeastern. By the time Johnson graduated in 2021, she had created a hand-wrist system that could fingerspell words texted to it from a computer.

Tatum Robotics, which employs another Northeastern alum and two co-op students, continues to work on a low-cost, anthropomorphic robotic hand that will fingerspell and a robotic arm for signing more complex words and phrases. And she’s leveraging Northeastern’s entrepreneurship organizations to create a user interface and gesture recognition software so that DeafBlind people can have two-way communication.

She’s received coaching and funding from Northeastern’s student-led venture accelerator IDEA, worked with the Northeastern Venture Mentor Network, and had help securing government STTR Funding. Last year, she won a 2022 Innovator Award given out by the Northeastern’s Women Who Empower platform. The award came with a $22,000 cash prize Johnson is using for R&D and to hire DeafBlind consultants.

LEARNINGS

Lessons learned

Northeastern’s is built on a belief that learning happens best when you’re in motion, applying classroom learning to new contexts, and figuring out solutions in real time. Over the years, we’ve stayed true to those core tenets and learned a few things:

Never underestimate students. Northeastern students come to us as doers. Our best tact has always been to step back and let them run with it. The result: An ecosystem of student-led entrepreneurship organizations, undergrads working as co-ops at some of the biggest start-ups, students who feel empowered to start their own company and make it their co-op, and a community of passionate, engaged self-starters.

Build a “yes, and” culture. Always encourage people to think bigger, bolder, and across boundaries. Don’t assume that because someone has no start-up experience that they don’t have a desire to build something new or try something outside their lane.

Context matters. It’s one of the reasons Northeastern plans to leverage its global system of campuses and partners. Yes, we want to scale entrepreneurship so that all students, faculty, and partners have convenient access to our entrepreneurship offerings. But we also believe in the value of localized start-ups, investing, and solutions—for impact on learning and economies.

It’s about more than founders. Building a robust entrepreneurship ecosystem requires the engagement of everyone. We’re there for people who want to start companies, but also for those who want to join and support startups.

FUTURE PLANS

What's coming?

Our mission is to scale the reach of our entrepreneurship programs and offerings across our global campuses in ways that are accessible, impactful, and locally aligned.

Our immediate focus is on Northeastern University London and Northeastern Oakland (acquired through mergers in 2019 and 2022 respectively), where we have growing undergraduate populations and opportunity to underscore our distinctive brand in new markets.

In Oakland, for example, with its close proximity to our Silicon Valley graduate education campus, we’ve launched an Experiential Entrepreneurship curriculum for first-year students. Integrated into the more traditional academic programs offered, the EE curriculum weaves in panel discussions with local founders, pop-up entrepreneurship events, bootcamps, and field trips to local startups. Students get a holistic perspective on the power of entrepreneurship as a tool for new inventions, in-house innovation, and social impact.

In London, we’ve launched two student-led entrepreneurship organizations and continue to integrate entrepreneurship into the Northeastern London experience. We also plan to launch a Founder Residency program where high-growth companies bring in real-world learning experiences and opportunities for research collaboration.

Meanwhile, we’ll bolster Mosaic and other college-agnostic entrepreneurship programs at our Boston and Portland campuses, where entrepreneurship already thrives. For example, Northeastern Venture Co-op, a way to support students who want to work full-time on their ventures as a co-op, seeks to scale to over 50 students. This program is not only an incredible experiential learning opportunity, but a way to make it economically viable for more people to validate their ideas.


KEY STATISTICS

13

Campuses Globally

500+

Student, Alumni, & Spin-Out Ventures Supported Annually

$650,000

Annual Non-dilutive Grants for Aspiring Entrepreneurs

42

Entrepreneurship Programs Across the Global University System

397

Mentors Engaged Globally

9

New Research Spinouts Last Year

12

Students Co-oped on Their Own Ventures this Academic Year

11

Student Led Entrepreneurship Organizations (Mosaic)

400

Students Leading Mosaic Organizations, our umbrella entrepreneurship organizing body

3,000

Students Engaged Annually in Mosaic Events & Programs

$795,000,000

Raised by IDEA Accelerator Alumni Since 2009

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