Each team partners with established, local social services agencies that have long-standing relationships with Babson. Whether you’re selling a product or service, you’re encouraged to think about how your venture meets a human need or addresses a global problem. The ideas for the businesses are all yours. Startup money differs depending on the needs of the venture, which students determine in their launch plans. Babson College loans up to $3,000 as startup money to each team. You can expect about 40 other first-year students in your FME class, working on 3-4 independent ventures. Teams of 10–14 students work on each venture. Each section also is assigned two student mentors to help guide the ventures.
You’ll get twice the guidance, since the course is taught by a teaching team of two dedicated faculty members. And, with two dedicated faculty mentors emphasizing the interdependencies of these functions in an organization, you’ll also learn how to be successful in any business setting. By developing, launching, and managing a venture, you’ll learn the ins and outs of entrepreneurship and management, and begin to see the integration of disciplines such as marketing, accounting, information systems, and operations.
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