Newswise — Babson professor Mark P. Rice has been named to an advisory board of the National Business Incubation Association (NBIA), the world's leading organization advancing business incubation and entrepreneurship.
The advisory board will review goals and methodology for a grant project funded by the Economic Development Administration (EDA) to research best practices and impacts of business incubators.
Rice is the Frederic C. Hamilton Professor for Free Enterprise at Babson College and Professor of Technology Entrepreneurship at the Olin College of Engineering. Professor Rice previously served as director of the nationally recognized Rensselaer Polytechnic Institute Incubator Program and as co-founder and director of the Severino Center for Technological Entrepreneurship at RPI. He has been a director and chairman of the National Business Incubation Association, which honored him in 1998 with its Founder's Award. With Dr. Jana Matthews, he co-authored Growing New Ventures -- Creating New Jobs: Principles and Practices of Successful Business Incubation.
Rice is also co-author of Radical Innovation: How Mature Companies Can Outsmart Upstarts (Harvard Business School Press). His research on corporate innovation and entrepreneurship has been published widely in academic and practitioner journals including Organization Science, R&D Management, Journal of Marketing Theory and Practice, IEEE Engineering Management Review, Academy of Management Executive, and California Management Review. Rice consults and teaches in the areas of innovation management, entrepreneurship, technology strategy, and new business incubation.
From 2001 " 2007, Professor Rice served as the Murata Dean of the F. W. Olin Graduate School of Business at Babson College. During his tenure as Dean he held several leadership roles in the Association for the Advancement of Colleges and Schools of Business (AACSB), including chair of the Pre-Accreditation Committee; vice chair of the Strategic Directions Committee; and member of the Nominating Committee. He has been a frequent speaker at AACSB Deans' conferences.
In 2002 Rice received the Edwin M. and Gloria W. Appel Entrepreneurship in Education Prize. Dr. Rice holds B.S. and M.S. degrees in Mechanical Engineering and a Ph.D. in Management from Rensselaer Polytechnic Institute.
"As a member of the Research Committee of the NBIA Board of Directors in the early 1990s, I had the good fortune to be involved in the first industry-wide survey. In the intervening years, business incubation has expanded dramatically, becoming a world-wide phenomenon and leading approach to economic development. I commend NBIA and the Economic Development Administration for commissioning this study and look forward to contributing to developing useful outcomes, as a member of the advisory committee."
The NBIA provides thousands of professionals with the information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies worldwide.
The association is composed primarily of incubator developers and managers, but technology commercialization specialists, educators and business assistance professionals are also well represented. Its mission is to provide training and a clearinghouse for information on incubator management and development issues and on tools for assisting start-up and fledgling firms.
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 http://www.babson.edu.
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