The business, investment, and philanthropic activities of entrepreneurial families are significant drivers of the global economy.
Today, 65 percent of Babson’s first-year MBA class, and 50 percent of its undergraduate students, come from a family business.
Launching the Institute
Building on Babson’s existing efforts to support and advance family enterprises from generation to generation, the College recently launched the Institute for Family Entrepreneurship.
Within six months of launch, more than 200 students engaged in the institute’s programming and events, including 50 students, and their families, who applied for the pilot Family Entrepreneurship Amplifier Course.
Family Entrepreneurship Amplifier Course
Dedicated to both students and their families, the Amplifier Course engages families during their students’ entire Babson experience, with a key outcome of this immersive experience being that families will foster the growth of their entrepreneurial legacy by co-creating a shared family vision that incorporates the next generation. Twenty families were accepted into the first-of-its-kind offering, with hopes to expand in the coming years.
STEP Project for Family Enterprise
Babson is also a proud founding member of the Successful Transgenerational Entrepreneurship Practices (STEP) Project for family enterprise. This global research initiative explores the successful entrepreneurial practices of family businesses over time and involves nearly 200 scholars and 130+ family cases worldwide.
“Babson’s commitment to family entrepreneurship recognizes that entrepreneurial families, not just family businesses, are the driving force behind much of the economic and social value created globally.”
– William B. Gartner, Bertarelli Foundation Distinguished Professor of Family Entrepreneurship