Newswise — Babson College and the Franklin W. Olin College of Engineering this week are teaching engineering educators how to apply entrepreneurship theory and practice as part of an engineering education. The goal is to develop student innovators with business savvy.

"We hope those attending the Babson-Olin Symposium for Engineering Entrepreneurship Educators will develop engineering graduates who have innovative ideas and who can successfully transform their innovations into the products, systems, services, and companies that drive economic growth," said Babson Professor Jeffry Timmons.

Babson-Olin SyE3 topics include exploring the entrepreneurial process, the value of entrepreneurship to engineering, student perspective of engineering entrepreneurship, challenges of engineering entrepreneurship education, and key challenges of engineering entrepreneurship education and how to turn these challenges into opportunities to enhance engineering education.

Olin faculty members include John Bourne, Sherra Kerns, Steve Schiffman, Ben Linder, and Michael Moody. Babson faculty members include Stephen Spinelli, Jr., Heidi Neck, William Bygrave, Andrew Zacharakis, and Mark Rice.

The symposium runs through June 25, 2005 at the two colleges. This new program is funded by a grant from the National Science Foundation.

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.

Olin College prepares future leaders through an innovative engineering education that combines science, technology and entrepreneurship, and that encourages students to consider the social context of their inventions. Skilled in independent learning and the art of design, Olin graduates will seek opportunities and take initiative to make a positive difference in the world. For information, visit http://www.olin.edu.