Rowan business school gives students a taste of the real world

David Madden
November 10, 2018 - 10:00 pm
Rowan University

Mike DeNardo | KYW Newsradio

GLASSBORO, NJ (KYW Newsradio) -- Call it a local version of the “Shark Tank” TV show. 
    
Rowan University’s Rohrer College of Business will host a competition this week where a dozen teams will take part in what’s called the “Idea Challenge.” There’s $15,000 on the line for the winners at Friday’s event.
    
This is the third year Rowan has put this together. A team of experts hears the pitch of each team, which includes students in and out of the business school. The top prize serves as seed money to get their idea off the ground. 

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Stephen Kozachyn serves as Director of Project Based Learning at the Business School. He says the track record for the challenge, so far, has been pretty good.
    
“We’ve had a couple student teams that have gone on to start their business,” he told KYW Newsradio. “They’ve used the seed money and have gone on to apply to the Rowan Innovation Venture Fund to acquire more money, I guess, for them as they’ve gone through their seed money.”
    
The bottom line, so to speak, is to boost entrepreneurship and research in South Jersey. Not to mention giving a student a sample of what the real business world is like.