Babson College Blank EOY Report 2022

Progress and Impact

October 2022, Annual Report

Look for QR codes throughout this report for a deeper dive into the stories.

Meet the New Blank Scholars

Increasing Access: Need-Based Scholars and Babson’s Focus on DEI&B

Impacting Learning 12

Advancing Entrepreneurial Leadership in Curriculum.................................................................. 14

Classroom Innovation: Launched Good Company, Good Game: Law, Ethics & Leadership in Sports Business

Teaching Innovation: Case Studies Reaching Global Learners

Hands-On Learning: Experiencing Welcome Home Training

Advancing Entrepreneurial Leadership in Research

Creating a New Model: Progress from the Entrepreneurial Leadership Research Team

24 Updates from Centers and Institutes

28 Gen Z Appetite for Entrepreneurship Grows

Babson Receives First NIH Grant

29 West Creek 30

Impacting Babson … And Beyond

Fundraising Update

34 Reached $106M in Additional Fundraising

34 An Investment in Family Entrepreneurship from the Bertarelli Foundation

36 Gift from Joanna Berwind Supports Social Impact 36 The Herring Family Entrepreneurial Leadership Village

Beyond Babson: Bringing Entrepreneurial Leadership to the World

Bringing Global Health Innovation to Rwanda 38

Innovating in Tulsa

Impacting High School Students

Bringing Entrepreneurial Leadership to Ireland

Family Entrepreneurship Awarded in Miami

Some institutions build programs. Babson built a school.

Babson aspires to revolutionize business education, bolstered by the vision and groundbreaking investment by the Arthur M. Blank Family Foundation. At a time when values-based entrepreneurial leaders are needed more than ever, Babson is bringing entrepreneurial leadership to the world, to learners of all kinds to prepare and empower them to change the world for the better.

Fueled by additional investors who believe in our mission, we are pacing years ahead of anticipated outcomes. In the pages following, you will find updates on progress of several key initiatives including the Blank Leadership Scholars and need-based scholarships, the research goal of measuring and defining entrepreneurial leadership, the expansion of Good Company and values-based leadership into the curriculum, the progress of the Entrepreneurial Leadership Village, and more..

The Arthur M. Blank School for Entrepreneurial Leadership teaches and exemplifies values-based leadership, ignites passions, and invests in learners’ abilities to make a difference in the world. This investment is making an impact far beyond Babson, bringing values-based entrepreneurial leadership to learners and entrepreneurs of all kinds worldwide.

Impacting Learners

– Donna Levin Chief Executive Officer Arthur M. Blank School for Entrepreneurial Leadership

Together we built a school for entrepreneurial leadership that is transforming what it means to be a leader for the next generation. We are truly revolutionizing business education. The foundation has been set and now we are scaling and sustaining to educate entrepreneurial leaders of all kinds with empathy, morality, compassion, and drive. Thank you for your incredibly generous support and for continuing to partner and co-create with us.”

Introducing the 2022 Blank Leadership Scholars

This fall, Babson College welcomed the third cohort of The Arthur M. Blank School for Entrepreneurial Leadership Scholars. This diverse and accomplished group of students embodies the core values on which The Blank School is built. Already, they are appreciating the opportunities and the responsibilities that come with this distinction.

Innovate Continuously. “The world is constantly developing, and businesses can only keep up if they innovate at the same rate the world changes. My technical background, paired with a business education and experience at Babson, will allow me to help bring that innovation and efficiency to future industries.”

Layla Al-rashed, the daughter of Moroccan and Jordanian immigrants, is a young activist from the Las Vegas area. She co-founded and led the Nevada chapter of Youth Against Sexual Violence (YASV), putting on school events, charity drives for women’s shelters, and workshops that teach healthy relationships and help survivors escape unhealthy situations. On top of that, her high school career included volunteer tutoring with the National

Honor Society and hosting clean-ups as part of her school’s environment club. With her rigorous academic and extracurricular schedule, two main things keep her grounded: her creative pursuits in music (she plays piano and percussion) and her parents. Al-rashed will be following in her father’s entrepreneurial footsteps and her mother’s background in technology as she begins her business journey at Babson.

Put People First. “I think that is the most important quality to leading not only a successful business but a successful life. I also believe this quality can be the easiest to forget on your mission to build your life and business. It can be so easy to forget your mission and start being selfish as you build your life, but it is much more rewarding to put the people around you first and to have them in mind as you decide how to spend your time.”

Not a lot of people would say they’re grateful for knee surgery. Especially not a star high-school athlete. But, for Lilly Bedard, who has played lacrosse since she was 8, a surgery that sidelined her sophomore-year season turned into an opportunity. This setback allowed her a chance to reflect on the role she wanted the sport to play in her life

going forward and where her priorities lie. And, it ultimately led her to Babson. Bedard’s ability to see a different, brighter future for herself also foretells her future goals, where she hopes to expand educational access across the world and share one of her other passions, music, with younger generations.

Layla Al-rashed ’26 Henderson, Nevada

Lillian Bedard ’26 Jupiter, Florida

Lead By Example. “I noticed that I always learned more from a lesson when the mentor demonstrated they stood by their words. The people who have inspired me don’t take their words for granted and validate their advice by applying it themselves. After making this realization, I always make an effort to support my advice through my actions. As I learned from the examples of my mentors, I find it essential to be an example others would want to follow as well.”

Business has always been a family affair for Kathy Do. Her mom has been a small-business owner, running her own nail salon in their local area. And, throughout high school, she has helped her cousin with her business selling resin keychains and other goods via social media. Her interests are vast—in

high school, you could find her participating in academic decathlon, Germanic club, and knitting club, and she even started her own SAT prep club. She brings that general curiosity to Babson and into the business world, committed to finding ways to address environmental challenges along the way.

“I would most certainly attempt to find a way to redesign education. I believe if we are able to redesign education and ensure everyone has access to it, it will have a domino effect, and other global conflicts, like poverty and hunger, will consequently be tackled.”

For Cristina Gonzalez, everything she does comes back to the community. Whether that’s her school, her family and friends, or her culture, she thrives on comradery. Along with being an active member of the National Honor Society and Spanish club, Gonzalez was a math tutor in high school.

She believes expanding access to education will open a portal to positive societal change. Her community-based mindset will serve her well at Babson, as she begins to become a campus leader and entrepreneurial thinker.

Kathy Do ’26 Laveen, Arizona

Cristina Gonzalez ’26 Weston, Florida

Listen and Respond. “In listening and responding, I believe you listen to people and their problems, thus putting people first while working to include everyone. Producing solutions requires continuous innovation that will allow for progress and further undiscovered potential. Through listening and responding, we are able to connect with others and take interest in new horizons.”

After William Holland’s high school hockey career ended, he hoped to continue it on a junior team during a gap year between high school and Babson. Cut from a team weeks before the season began. Holland didn’t wallow in the stress but channeled it into action, eventually landing a spot on the Edmonton team within the first two days of practice. It’s how he approaches most challenges, including more global ones. During the last few years of high

school, at the height of the COVID-19 pandemic, Holland helped start an initiative called Healthy Deerfield, which aimed to provide younger students at the school with a sense of normalcy during remote learning and isolation. Holland begins this new journey, which includes, of course, playing for the Babson hockey team as well as being a productive problem solver in the classroom.

“To me, entrepreneurial leadership means using entrepreneurial skills in everyday life to seize opportunities and take chances that will best utilize your passions while also helping others.”

Kaitlyn Pristawa has known since the age of 7, when she tried to open a restaurant in her family’s living room, that she wanted to own a business. While her restaurant didn’t have a long shelf-life, Pristawa’s entrepreneurial spirit continues to grow. She currently works at Planet Fast Pitch, a softball training company (she also is a softball catcher), and recently helped lead a campaign to collect softball equipment for girls in Ghana.

It was a learning experience not only in building an awareness campaign but also in how business and personal passions can come together for entrepreneurs. Business and social responsibility remain at the forefront of her career goals, but she’s not sure how they come together quite yet. She’s not worried about it though—she’s in the right place to figure it out.

William Holland ’26 Charlotte, North Carolina

Kaitlyn Pristawa ’26 Henderson, Rhode Island

Increasing Access: Need-Based Scholars and Babson’s Focus on DEI&B

Thanks to the Arthur M. Blank Family Foundation, and in the spirit of “Include Everyone,” Babson has been able to expand access to entrepreneurship education and values-based leadership to 40 additional needs-based scholars.

One of Babson’s five Critical Few Objectives (CFOs) is to elevate our diversity, equity, and inclusion commitment to a competitive advantage. The Blank School is at the College’s epicenter of advancing “inclusive leadership” and forming new partnerships and curriculum to extend that effort.

“Scholarships have been a life-saver for my family, especially in these unprecedented times. Because of my scholarship, I am able to continue my education at the school I love and pursue my own success. I can’t stress enough how impactful this scholarship has been in my life. It has given me opportunities I didn’t think I would be lucky enough to receive, and I am extremely grateful to everyone who believed in me and supported my education.”

NEED-BASED GRANTS AWARDED

– Madison Grogan ’24 Blank Scholarship recipient

Impacting Learning

Advancing Entrepreneurial Leadership in Curriculum

Through courses and workshops, academic case studies, and groundbreaking research, Babson is making a global impact on advancing values-based entrepreneurial leadership as a force for good.

“There is no more crucial time to reimagine the purpose of business and to innovate new models and relationships throughout and across every sector. That means there is no more crucial time for teaching values-based leadership.”

P’21

– Cheryl Kiser Executive Director, The Institute for Social Innovation and Babson Social Innovation Lab

Arthur M. Blank School for Entrepreneurial Leadership

“The lessons learned in Good Company echo throughout the Blank Center for Entrepreneurship. We are mindful of employing values-based learning in everything we do.”

– Smaiyra Million

Executive Director, The Arthur M. Blank Center for Entrepreneurship

Classroom Innovation: Launched Good Company, Good Game: Law, Ethics & Leadership in Sports Business

Developed by Assistant Professor of Practice Leslie Garbarino

Using the examples and values in Good Company as a guide, this course included a weeklong trip to Atlanta to experience firsthand how Arthur Blank’s six core values shape the Blank Family of Businesses and AMB Sports + Entertainment. The life-changing week included visits to the Atlanta Falcons, Mercedes-Benz Stadium, PGA TOUR Superstore, and Atlanta United, where students reported experiencing the six core values in practice. The 18 students met with organization leaders in a variety of roles, including executive leadership, legal, human resources, sales, events management, and even Arthur Blank himself. Students examined the way sports business leaders use legal, ethical, and values-based decision-making frameworks to further their business success while being good neighbors in their communities and forces for good in society at large.

The core values were at the heart of this course, and at the heart of the student presentations and final reports. It was clear to every participant that these values also drive every Blank employee and decision. Babson students noted that there are no signs stating the values within the Blank businesses. Instead, every employee—from top executives to guest-service representatives—embodies the values at all times.

change to include full body female mannequins in the store has already been implemented.

“I plan to utilize the core values in action outside of the Babson community because I see them as a way to help, to have an impact on the causes that I care about.”

Nina Erixxon ’20, who pointed out on the tour that the PGA TOUR Superstore had only male full body mannequins but half body female mannequins. She was thrilled to learn that the

“It was very hard for me to not get emotional during the presentations. Why did I come to Babson? Because every time I come here, I feel this way.”

– Brett Jewkes

EVP, Chief Brand and Communications Officer at Blank Family of Businesses / AMB Sports & Entertainment

“The week in my hometown was one of the most amazing and eye-opening weeks of my life. From being able to shake Mr. Blank’s hand and thank him for the opportunity he has provided me. To learning from some of the most successful conscious capitalists to seeing the true impact of Mr. Blank’s business on the city of Atlanta with 17 other amazing students. The tangible exposure to values-based leadership that I got in Atlanta brought a whole new meaning to and perspective to both my personal and professional life.”

– Kellen Kruglewicz ’25

Atlanta native, Blank Leadership Scholar

“The course for me was life-changing, from reading the book and learning the core values, but taking it a step further and truly witnessing how these values are ingrained in every single aspect of the businesses. I’ve never witnessed an organization run in this way. And, it was something that inspired me to keep that greater purpose.”

– Teddy Sourlis ’22 Founder and CEO of Men’s Mental, a nonprofit platform that focuses on the mental health of male athletes

“In my soul, I admittedly am a skeptic. ...When I heard that our class would largely be focused on Arthur Blank’s core values my doubts began to arise. I questioned just how much real knowledge could be contained in just six simple phrases.

I came to realize that there is a lot more to learn here. ... They are a philosophy, a list of commandments which should be considered before any decision big or small, they can drive a company toward their triple bottom line goals in a way that is both ethical and profitable.”

– Ethan Glassman ’24

17 Video case studies and entrepreneur pro les written by Blank Leadership Scholars

5 Additional cases being prepared for Harvard Business School and The Case Centre

Teaching Innovation: Case Studies Now Reaching Global Learners

The first academic case generated from The Blank School is now published by the Harvard Business School Press and The Case Centre. This milestone makes values-based leadership teaching materials available to faculty worldwide and elevates The Blank School’s position as the leader in Entrepreneurial Leadership education. Babson College is one of very few elite institutions that can publish cases through Harvard Business School Press, and the only small college in the collection.

VIDEO CASE STUDIES AND ENTREPRENEUR PROFILES written by Blank Leadership Scholars

ADDITIONAL CASES BEING PREPARED FOR Harvard Business

School

and The Case Centre

Hands-On Learning: Experiencing Welcome Home Training

From November 18–20, 16 Blank Leadership Scholars will travel to Atlanta to attend Welcome Home training. The tentative itinerary includes visits to Mercedes-Benz Stadium, meeting with leadership from the Blank Family of Businesses and Blank Foundation, a reception with Babson alumni, an Atlanta Falcons game, and a visit to the National Center for Civil and Human Rights. This is a unique experience for our scholars to be immersed in values-based leadership through both the training and the in-person visit. We have already begun to scale this experience to engage the greater Babson community by bringing the training to all of the centers and institute staff of The Blank School.

Impact and Inspiration Outside the Classroom

“It’s an amazing experience. (Arthur Blank) made this investment because he believes in the future of entrepreneurial leaders and he believes in us. Taking the time to actually talk to us, to guide us, to give us that leadership is amazing. It says a lot about who he is and what he wants for his investment to pay off.”

– Michael Agard ’24 Atlanta native, Blank Leadership Scholar, and former AMB Sports + Entertainment intern

Advancing Entrepreneurial Leadership in Research

“Entrepreneurial leadership is the ability to help people in an influential way to have an increased capacity to recognize and exploit entrepreneurial opportunity. We’re not just talking about businesses here. We’re talking about solving complex problems, establishing sustainable organizations that impact the environment, economy, and society.”

– Scott Taylor Arthur M. Blank Endowed Chair for Values-Based Leadership

Creating a New Model: Progress from the Entrepreneurial Leadership Research Team

Research from The Blank School—led by Scott Taylor, the Arthur M. Blank Endowed Chair for Values-Based Leadership at Babson—has created the first academic model to explain entrepreneurial leadership.

Read Why Entrepreneurial Leadership Matters in Babson Magazine

Babson’s model aims to extend and clarify existing definitions, integrating the fields of entrepreneurship and leadership and incorporating neuroscience in groundbreaking ways. Babson’s academic model also illustrates how to measure entrepreneurial leadership and includes a process to grow the capability of entrepreneurial leaders, increasing collaborative efforts to tackle complex problems and create value. The Blank School’s research was presented at the Academy of Management Annual Meeting this summer, received excellent feedback, and has been submitted to a leading top-tier academic journal for publication, potentially expanding the impact of the research among higher education and leadership experts worldwide.

Updates from the Centers & Institutes

Learners gain real-life experience and practice through the Blank School’s entrepreneurial centers and institutes. The “crown jewels” of Babson, this is where entrepreneurial leadership comes to life outside of the classroom through workshops, mentorship, funding opportunities and scholarship, academic research, accelerators, and incubators.

Center for Women’s Entrepreneurial Leadership

» Women Innovating Now Lab: Launched in Tulsa, scaled Miami to support 32 global participants virtually

» Black Women’s Entrepreneurial Leadership program: supported 32 participants

» Executive Director Shakenna Williams Appointed to the National Women’s Business Council

Bertarelli Institute for Family Entrepreneurship

» Engaged 650 Babson students in the 2021-2022 school year along with families of current students, alumni, and friends.

» 56 students enrolled in the NextGen Family Entrepreneurial Leadership Program.

» Lauri Union named one of a global “Top 100 Family Influencers” by Family Capital Publishing

Arthur M. Blank Center for Entrepreneurship

Including Babson Entrepreneurial Thought & Action® Challenge, Summer Venture Program, and Butler Launch Pad to name a few, the Blank Center:

» 165+ Babson alumni and friends contributed their time and expertise as mentors and advisors to our student community.

» Held over 80 events serving student and alumni entrepreneurs.

» Worked with over 400 entrepreneurs representing over 385 businesses and business concepts.

» Awarded over $600,000 in funding and in-kind services.

The Centers & Institutes in 2021-2022

360+ Events and Programs 14,400+

Learners Engaged

Tariq Farid Franchise Institute Kerry Murphy Healey Center for Health Innovation and Entrepreneurship

In the inaugural year, the Institute launched the following programs:

» Franchise Friday speaker series

» Fyzical Therapy and Balance Franchise Merit-Based Scholarships awarded to eight students

» $40,000 in Faculty Research Awards

» First Franchising Class: Franchising, Licensing & Distributorship Collaborative Models at the graduate level

» Awarded $1.5 million grant from NIH for Substance Use Disorder innovation

» Partnered with University of Global Health Equity to host a Health Hackathon in Rwanda

» 35 participants in HealthLeads Entrepreneurial Leadership Training/Coaching

Institute for Social Innovation

» 22 leaders from 11 nonprofits attended West Creek this June

» 23 Babson Board Fellows finished their academic-yearlong work serving on 14 nonprofit boards in Boston and Miami

» Youth Impact Lab launched Webinar with 100+ educators and youth development professionals

» Piloted the Social Innovator Incubator with Dreme Flynt (Babson’s first Fulbright Scholar). She received a $5,000 stipend to work on her social venture, Growing Hands.

» Cheryl Kiser Selected as Judge for 2022 Meaningful Business 100

Research Spotlight: Babson Receives First NIH Grant

For the first time in Babson College history, the institution received a prestigious National Institutes of Health grant, rarely given to schools of this size and non-medical institutions. The Kerry Murphy Healey Center (KMH) for Health Innovation and Entrepreneurship received this $1.5 million grant specifically from the National Institute on Drug Abuse to create a program teaching entrepreneurship to scientists researching the overdose epidemic and substance use disorders. The Babson team, including Professor of Marketing Vincent Onyemah, Assistant Professor Angela Randolph, and led by KMH Center Faculty Director Wiljeana Glover, will develop a program to teach scientists how to use Babson’s trademark entrepreneurial thinking as they devise new evidence-based approaches to substance use disorders.

Entrepreneurs Tackle Opioid Epidemic

Research Spotlight: Gen Z Appetite for Entrepreneurship Grows

The Global Entrepreneurship Monitor (GEM), produced by the Blank Center for Entrepreneurship, offers a portrait of resilience among entrepreneurs as they continue to navigate the persisting effects of COVID-19. The results show entrepreneurs’ growing awareness and action to minimize the environmental footprint of their businesses and maximize their social value, as well as the continued importance of entrepreneurship to U.S. society in generating a source of income for families, creating jobs, providing valuable products and services, and contributing economic growth.

3.5 6,000 200+

BILLION VIEWS FULL TEXT PLACEMENTS

earned media reach from the GEM Report in just one week

of press release

New @Babson College Global Entrepreneurship Monitor (GEM) Report illustrates the growing importance of environmental sustainability and social justice

New (Global Entrepreneurship Monitor) GEM Shows Increase in Entrepreneurship Startup Intentions despite the Pandemic’s Lasting Effects

U.S. Entrepreneurship Boom Accelerates. More Americans are turning their brainstorms into businesses.

West Creek Ranch

Values-Based Teaching In Action

In June, the Institute for Social Innovation in partnership with The Arthur M. Blank Family Foundation, hosted 22 nonprofit leaders from 11 nonprofits at West Creek for a deep dive into the entrepreneurial mindset and values-based leadership. Many of the participating nonprofits are actively receiving support from The Blank Family Foundation. Shortly before the program, Montana was hit with unprecedented flooding in the Yellowstone area. AMBFF West and its many partners were actively addressing the human and ecological needs while this program began, and the program participants immediately responded, too, and embraced this values-based leadership in real-time.

Immersive Values-Based Leadership Summit

Using Montana’s beautiful West Creek Ranch as the backdrop in October, The Arthur M. Blank School is bringing together academic scholars noted for their teaching expertise from multiple disciplines (legal, humanities, business, DEI, gender, design, social innovation, etc.) and accomplished practitioners (private equity, banking, education, healthcare, human rights, philanthropy, community engagement, etc.).

This group plans to immerse themselves in the topic of teaching values-based leadership. The goal is to capture these insights and produce a book that can be used to inform scholars, managers, consultants, and coaches on how to approach the teaching of values-based leadership.

Impacting Babson ... and Beyond

Fundraising Update

Reached $106M in Additional Fundraising

The $50,025,000 grant from The Arthur M. Blank Family Foundation provided significant investment capital necessary to ignite this legacy project. Acknowledging that the Blank Family Foundation should not stand alone, Babson committed to engaging additional funders to invest in this strategic priority. To fulfill the legacy and vision for The Arthur M. Blank School for Entrepreneurial Leadership, there remained funding needs for key components of the School. The investment by the Blank Family Foundation has served as a catalyst to attract additional investors to support the strategic priority.

In three years, far outpacing expectations, Babson has secured an additional $106 million in funding to support our shared goal of entrepreneurial leadership. Numerous additional donors are in active conversations to invest in The Blank School priorities.

All Other Category & Goal Commitment Cash In FY23 Due FY24 Due FY25 Due FY26 Due FY27-FY31 Due Total Due Expectancy Revenue

Students $33,415,943 $19,001,526 $3,338,639 $ 1,950,592 $ 7,071,092 $435,754 $1,593,340 $14,389,417 $25,000

Leadership Positions $ 5,161,942 $155,692 $1,250 $2,500 $2,500 - - $6,250 $5,000,000

Centers and Institutes $53,398,366 $21,101,067 $4,698,088 $7,367,771 $4,867,063 $5,294,377 $9,510,000 $31,737,299 $560,000

Entrepreneurial Leadership Village $14,040,715 $2,165,715 $5,325,000 $2,325,000 $2,075,000 $2,075,000 $75,000 $11,875,000 -

Total $106,016,965 $42,424,000 $13,362,977 $11,645,863 $14,015,655 $7,805,130 $11,178,340 $58,007,966 $5,585,000

“The platform provided by Arthur M. Blank’s gift and the focus on values-based learning and leadership aligns with and intersects the initiatives and vision for our new Tariq Farid Franchise Institute. Together, we can create social and economic value through franchising and entrepreneurial and values-based leadership.”

– Ab Igram MBA’96

Executive Director of the Tariq Farid Franchise Institute at Babson College

Commitment to Family Entrepreneurship

An Investment in Family Entrepreneurship from the Bertarelli Foundation

HERRING HERRING

Thanks to a generous gift from Ernesto Bertarelli ’89 and the Bertarelli Foundation, the Institute for Family Entrepreneurship was named the Bertarelli Institute for Family Entrepreneurship, and the Babson Global Family Entrepreneurship Network was founded. The Institute will continue to be Babson’s hub for research, resources, and programming dedicated to family entrepreneurship within The Blank School. Its mission is to increase the capacity of enterprising families around the world to create economic value and social impact, and to build those efforts on a foundation of stronger family relationships.

Gift from Joanna Berwind Supports Social Impact

Joanna Berwind H’22, the undergraduate Commencement speaker, announced a $1 million investment in Babson to design the new Berwind Pathways Partnership. This gift provides seed grant investments and mentorship to students who have discovered their path toward creating both economic and social value.

Energized by Student Voices

The Herring Family Entrepreneurial Leadership Village

The Entrepreneurial Leadership Village (ELV) is a first-of-its-kind living and learning laboratory focused on Entrepreneurial Leadership. The ELV is the physical representation of Babson’s inclusive, people-focused strategy— Entrepreneurial Leaders Impacting Communities Everywhere. It is a place and space that brings entrepreneurial leaders (students, faculty, staff, partners, and new stakeholders) together, as a community, for unique living and

Beyond Babson: Bringing Entrepreneurial Leadership to the World

As the longtime No. 1 school for entrepreneurship education, Babson College is perfectly positioned to take the lead on entrepreneurial leadership. We are impacting business education worldwide, far beyond Babson and creating the next generation of values-based leaders.

Global Health Innovation

Reaching Rwanda

Housed within the Kerry Murphy Healey Center for Health Innovation and Entrepreneurship, the Global Health Innovation Lab is a virtual innovation lab experience which allows Babson students to co-create solutions for healthcare organizations around the world in partnership with medical students at international universities. The Center’s current major partner is the University of Global Health Equity (UGHE) in Butaro, Rwanda. The UGHE-Babson partnership was awarded a $100,000 grant from the McGovern Foundation this year.

Future plans include expanding the model to Unifacisa Campina Grande in Brazil and other locations.

Impact Through Collaboration

“The world is changing so rapidly that you’ve got to be entrepreneurial—it’s become a required competency.”

– Stephen Spinelli Jr. MBA’92 PhD President

Women Innovating Now (WIN) Heading to Tulsa

Babson WIN® (Women Innovating Now) Lab launched in Tulsa, Oklahoma, in one of the last structures left standing after the 1921 Tulsa Race Massacre. Before the attack, the area was a thriving economic hub for the Black community that was often referred to as “Black Wall Street.” The program focuses on helping women entrepreneurs in the area launch successful businesses while creating economic and social impact. The new WIN Lab will offer programming from Babson’s Center for Women’s Entrepreneurial Leadership program that includes workshops, networking events, accelerators, access to capital, and business development.

Program Looks to the Future

“Mr. Blank’s gift has given the Center for Women’s Entrepreneurial Leadership (CWEL) an opportunity to truly move the needle and impact individuals, organizations, and society as a whole.”

– Dr. Shakenna K. Williams ’94 Executive Director, CWEL, and Founder, Babson’s Black Women’s Entrepreneurial Leadership program

Impacting High School Students

Launched by the Institute for Social Innovation, Babson’s Summer Study had its largest year yet. Summer Study is a four-week experiential online program for rising high school juniors and seniors to develop an entrepreneurial mindset and become innovators and changemakers.

Students dive deep into understanding the United Nations’ Global Goals, and develop the competencies and confidence to address problems, seize opportunities, and create change.

Just six weeks after completing Summer Study, Risav Ganguly pitched his team’s Summer Study venture, RefuGeek, at four events all across Jamshedpur, India. He won every single one. The judges were intrigued when they learned that RefuGeek was a collaboration of several aspiring entrepreneurs, including his team at Babson’s Summer Study program.

Bringing Entrepreneurial Leadership to Ireland

Babson’s Accelerator for Growth, Innovation and Entrepreneurial Leadership (B-AGILE), brings inclusive learning to mid-level managers in companies, government agencies, and nonprofits. The program teaches managers and high-performing employees the tools to drive innovation and create entrepreneurial solutions, increasing the organization’s value in an ever-changing world. B-AGILE, which has proven successful with companies here in the United States, has now expanded to Ireland and will soon be available in other European countries. As part of the Ireland launch, Babson awarded a proclamation to U.S. Ambassador to Ireland Claire D. Cronin for being an entrepreneurial leader.

Family Entrepreneurship Awarded in Miami

The annual Babson-Camus Global Family Entrepreneurship Award recognizes family businesses of global scale that have created significant economic and social value across generations. This year’s honoree is Gustavo Cisneros ’68, H’19 and family–a highly distinguished and uniquely impactful entrepreneurial family that exemplifies Babson College values with almost 100 years’ experience operating media, entertainment, and real estate businesses globally. The Fundación Cisneros, co-founded by Gustavo with his wife Patty, promotes a wide range of community development, educational, and cultural programs focused on democracy and critical thinking, which have impacted thousands of lives throughout the Americas and have increased international awareness of Latin America’s contributions in the global cultural arena. The criteria for the award are based on achieving impact and demonstrating values-based entrepreneurship.

Honoring Gustavo Cisneros ’68, H’19 and Family