Newswise — Babson College first-year student earned more than $33,000 for charitable organizations while learning the fundamentals of business.
As part of the school's required full-year course entitled Foundations of Management and Entrepreneurship (FME), teams of first-year students began developing their business plans when they arrived in September. While they learned the nuts and bolts of inventing, developing, launching, managing, and liquidating a business, they were putting the lessons into real world practice.
In January the students launched 17 ventures that reaped $33,122 in profits for selected charities. In addition to running their businesses, the students donated their time and resources to local community service agencies of their choice.
FME student businesses have donated more than $350,000 in the last 10 years.
FME has been recognized by the United States Association for Small Business and Entrepreneurship (USASBE) as the number one "Innovative Entrepreneurship Education Course" in the country.
FME Businesses
BaboBerry offers businesses Blackberry and iPhone covers that can be used as gifts for employees and customers.
Beaver Bottoms is a customizable boxer company that sells garments with clever sayings focusing on the promotion of school spirit.
Beaver Weaver Company sells an eco-friendly stapler that cuts into paper and "staples" sheets together using only the paper itself eliminating the use of metal staples needed for documents 10 "12 sheets in length.
Bramato Woodworks sells affordable and eco-friendly custom-created art pieces and decorations mounted on recycled wood.
Campus Calendar sells an 18-month calendar that gives institutions' customers access to a networking site engaging prospective students and linking them to current students and alumni.
Charge It Up sells emergency portable cell phone chargers offering a simple, affordable solution to cell phone battery problems.
Crystal Clear promotes the green movement by selling water bottles that have an embedded carbon-activated filter. It's more affordable and less environmentally damaging to water.
Dam! Energy Mints provides flavorful mints that will keep consumers coming back.
Decal Designs sells aesthetically pleasing removable and reusable decals designed to stick to walls in dorm rooms, classrooms, in the house or at work!
EEL Co. (Energy Efficient Lighting Company) provides businesses with economically feasible and environmentally friendly compact florescent light bulbs.
The Green Scene sells biodegradable plates, cups, and utensils for parties, get-togethers, and at-home use.
Happy Lifestyle is a clothing line providing high quality, exclusively designed modern clothing for college students to enhance their lifestyles.
OneSwipe is a customizable credit card holder that keeps the magnetic strip exposed to make the process of swiping a Mag Strip card more efficient and consumer-friendly.
Promote You provides innovative promotional products for college admissions offices to give to prospective and current students.
Quillo Babillo sells a multi-use quilt that is not only a blanket, but also folds into a pocket, which can be used as a comfy pillow.
Screen Savers sells cute stuffed animal screen wipes to protect your laptop or computer.
Slick Stick sells a USB memory stick in the shape of a credit card, which you can store securely in your wallet or purse making the process of saving and carrying information safer.
Organizations That Benefited From FME Businesses
Web of Benefit
Friends of the Homeless of the South Shore
Charles River Watershed Association
The Wellesley Council on Aging
Cradles to Crayons
Habitat for Humanity Boston
The Nativity School of Worcester
Boys/Girls Club of Boston, Yawkey Way
The Bernon Center
Cor Unum Meals Center
Boys and Girls Club of Boston, Blue Hill
The Charles River ARC
Special Olympics of Massachusetts
Citizen Schools
William Ellery Channing School, Hyde Park
Special Olympics of Massachusetts
Harvard Square Church Meals
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.
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