The Princeton Entrepreneurship Advisory Committee (PEAC) issued a report (.pdf) in May 2015, recommending a broad set of initiatives to enhance entrepreneurship at the University in a way that builds on Princeton's commitments to liberal arts education, research and public service.
The report (.pdf) proposes immediate steps and longer-term plans to encourage and enable entrepreneurship activity on campus and among members of the University community. The recommendations include: creating an entrepreneurship council; providing more space for entrepreneurial activities and programs; establishing an academic undergraduate certificate program; and cultivating the University's entrepreneurial ecosystem.
In their response to the report (.pdf), President Christopher L. Eisgruber and Provost David S. Lee said the committee outlined a broad vision that builds on Princeton's distinctive strengths and amplifies the core University missions of teaching and research. Eisgruber and Lee said some proposals would be implemented now, while others will receive continuing consideration as part of the University's overall strategic planning process.
Near-term plans include:
- Establishing the Princeton Entrepreneurship Council to advise University leadership on the strategic direction and evolving vision of entrepreneurship at Princeton. The council, which will be chaired by Chiang and led by a faculty executive committee, will be assisted by an administrative committee of staff and students.
- Opening an Entrepreneurship Hub, which will serve as an incubator space for students, faculty and alumni interested in entrepreneurship. The hub will open this summer in space leased in downtown Princeton.
- Piloting entrepreneurial funding programs: an Alumni Entrepreneurs Fund to support and encourage the creative potential of young entrepreneurs; and the Tiger Challenge design competition for undergraduate students.
To request more information about entrepreneurship at Princeton, please submit your contact information. We will get back to you in the coming weeks.