Rady School Top 15 in 15
Sponsored Content
The Rady School of Management is approaching its 15th anniversary and since its founding in 2003, the school has reached many remarkable milestones. Through the generous support of the business community, the school has grown exponentially—offering new graduate and undergraduate programs, expanding the ranks of its world-renowned faculty, and constructing state-of-the-art facilities where students thrive. Most impressively, the school’s focus on entrepreneurship and innovation has led to numerous companies, founded by Rady School students and alumni, that are changing our world and significantly contributing to our economy. Here’s a look at the top 15 accomplishments the Rady School has achieved in its first 15 years.
- Over 150 operational startup companies have been started by Rady School alumni and students. These startups have revolutionized industries, led to breakthrough medical devices, drastically enhanced the lives of the visually impaired, improved personal wellness monitoring and have forever transformed our world for the better. Many of the startups are a product of the Rady School’s unique Lab to Market core sequence and accelerators.
- The Rady School is grown into an economic powerhouse, with alumni and student startups creating over a $6 billion dollars impact in the local, national and global economy in the last 15 years.
- Founded with the intention to provide quality business education to leaders in innovative industries, the Rady School has launched distinguished graduate programs to serve the needs of the business community, including the school’s flagship Full-Time MBA and FlexMBA programs, which are already recognized among the best.
- In addition to the MBA programs, three specialty graduate programs have been launched: a Master of Finance, a Master of Science in Business Analytics and a Master of Professional Accountancy.
- The school also has three robust undergraduate programs, a business minor, an accounting minor, and a entrepreneurship and innovation minor, all of which are among the most popular minors on the UC San Diego campus.
- Rady School faculty are recognized as leaders for the quality of their research. Over the past 15 years, the school’s faculty have been ranked number one in the U.S. for intellectual capital by Bloomberg Businessweek, 14th globally for faculty research by the Financial Times and 12th globally in student rating of teaching quality by The Economist.
- Since its inception, the school has received strong support from the business community. The school’s many supporters have been generous with their time and with gifts to support the mission of the school. Notable gifts include: a $100 million gift from Ernest and Evelyn Rady to fund strategic priorities and recruit faculty; a $4 million gift and endowed chair from Nobel Laureate and Rady School professor Harry Markowitz and his wife Barbara, a $30 million naming gift from Ernest and Evelyn Rady, and a $5 million gift from Carol and William Stensrud for program development and faculty recruitment.
- The Rady School has established five Centers of Excellence: the California Institute for Innovation and Development (CIID), the Beyster Institute, the Center for Business Analytics, the Center for Social Innovation and Impact, the Institute for Supply Excellence and Innovation the U.S. – Israel Center on Innovation and Economic Sustainability. Each of the school’s centers focuses on a different topic of importance and provides additional learning opportunities and experience for students.
- Launched in 2013, the StartR Accelerator at the Rady School is a non-profit program for Rady School students and alumni designed to provide entrepreneurs the tools needed to start and grow their businesses. The StartR program includes workshops, mentoring, advice and access to other resources for early-stage companies. At the conclusion of the program, teams present their pitches at Demo Day, attended by investors, industry experts and the San Diego community.
- The Rady School’s mystartupXX program is a one-of-its-kind accelerator that was created to increase and encourage diversity in entrepreneurship. Program participants take workshops on launching startups, team building, leadership, market assessment, consumer feedback, creating a value proposition, validating business models, and understanding financing strategies needed to launch the business. Each team works with a mentor and advisors who monitor and encourage their progress.
- The Rady Venture Fund, a student-assisted venture capital investment fund, was established to support the Rady School’s educational objectives in the areas of entrepreneurship, innovation and transfer of discoveries into the marketplace. Students screen investment leads, perform due diligence, make investment recommendations, and monitor portfolio companies. To date, the fund has invested in five early stage companies.
- The Rady School’s Center for Executive Development (CED) offers courses and certificates provide valuable learning experiences that meet the needs of executives and managers in the rapidly changing world of business. Popular CED courses include: leadership, team building, and interpersonal skills. Executive development faculty are industry experts, renowned researchers, engaging teachers and authors.
- The Rady School’s Ph.D. program began in 2009, attracting top doctoral candidates from around the globe. Rady School Ph.D. students have gone on to teach at top school across the U.S. and the globe.
- Two state-of-the-art buildings have been constructed to house the Rady School and provide a modern and technology-forward learning space. Otterson Hall opened in 2007 and Wells Fargo Hall Opened in 2012. Wells Fargo Hall has been LEED Gold certified for its sustainable practices.
- The Rady School earned accreditation from the Association to Advance Collegiate Schools of Business (AACSB International) in 2011. AACSB International is the premier business education accrediting body, with less than five percent of business schools worldwide achieving accreditation.
To learn more about the Rady School of Management, visit the Marshall website.
Rady Social Venture Accelerator Inspires Students to Give Back
Responding to a recent rise in social entrepreneurship, the Rady School of Management at UC San Diego has opened the Social Venture Accelerator, a new business development hub focused on companies that both raise profits and address social issues.
Rady School Promotes Entrepreneurs with Learning Series and New Tech Accelerator
Entrepreneurship has been a focus of the Rady School of Management for years with programs such as StartR, mystartupXX and the Venture Fund. Now, Rady is improving its entrepreneurial opportunities even further with a new entrepreneurship series and five new companies being added to the IGE Technology Accelerator. Continue reading…
UC San Diego Rady School of Management: Developing the Entrepreneurs of the Future
Sponsored Content
It used to be the ideal result of an MBA was a job in a major corporation. In fact, between 2000-12, 91 percent of U.S. MBA alumni stated they worked for an employer, and only 5 percent were self-employed or a small-business owner. But that trend is changing. In 2015, more than 10 percent of MBA alumni were self-employed, and that percentage is only expected to grow.
That’s why schools like UC San Diego’s Rady School of Management are focused on developing entrepreneurs. Not only does their MBA curriculum include startup-based courses such as Lab to Market, but outside of the classroom, they offer accelerators, mentorship, and even potential funding to budding entrepreneurs.
At the Rady School, they understand that becoming a successful entrepreneur is a process that starts from the ground up; it’s not just about taking a single class or attending one workshop. Instead, to truly gain the skills, knowledge, and insight necessary to start a business you need an all-encompassing experience—inside and outside the classroom—and that’s exactly what the Rady School provides.
San Diego and the Rady School
The Rady School entrepreneurial experience begins with the city of San Diego. The school is centrally located in San Diego’s innovation hub: Torrey Pines Mesa. “This location provides students direct exposure and access to a multitude of technology and scientific discoveries, as well as access to serial entrepreneurs who are searching and evaluating their next opportunity or venture,” explains Delbert Foit, a Lecturer at UC San Diego Rady.
It’s a vibrant and valuable entrepreneurship ecosystem that includes more than 15 accelerators/incubators spread out between downtown San Diego, Torrey Pines Mesa, Carlsbad, and North County. All of these unique characteristics have enabled the entrepreneurship scene in San Diego to make significant advancements, and the Rady School has been able to take advantage of it all. “Our curriculum is an immersion in innovation, emphasizing innovation–driven industry sectors propelled by discoveries in technology and science and the serial entrepreneur’s experience,” says Foit.
So, what exactly is it like to learn entrepreneurship at the Rady School?
Entrepreneurship and Rady
First and foremost, if you’re an entrepreneur at Rady, you’re not alone. To date, Rady students and alums have started over 115 companies—many in biotech and technology. And, based on a recent survey, those same Rady startups have raised on average around $2,237,533 in funding. So, if you’re an entrepreneur at Rady, you’re in very good company.
And the good news is that finding your fellow entrepreneurs at Rady is easy. As an MBA, you’ll meet many of them within your classes.
“Our unique curriculum has been designed to provide analytical and theoretical frameworks for rigorous business decision making, as well as the applied and practical knowledge needed for success as an entrepreneur,” describes Foit. “The unique blend of core and electives prepares students to make adept decisions in the current and future dynamic business environment, and at the same time, allows them to focus on personal and professional goals. The curriculum encourages collaboration, classroom discussion, and interaction—with classmates as well as experienced entrepreneurs.”
Lab to Market
In particular, Rady’s signature Lab to Market (L2M) three-course sequence is an immersive entrepreneurial experience. Its goal is to provide MBAs with the analytical framework and tools necessary to take an idea and to transform it into a market opportunity. L2M is more than just a single course or simulated exercise; it’s an entire experience that demonstrates the true challenge of creating a business: determining which innovative ideas can be translated into viable and valuable market opportunities.
“Lab to Market is an action-based, learning experience that begins in the classroom and moves into the real-world,” says Foit. “First, students identify emerging opportunities in an industry sector. Then, from there, they generate and validate new ideas, distinguish viable opportunities from interesting ideas, and evaluate business models that can translate opportunities into ventures. Throughout the remainder of the L2M journey, students perform real-world market research and validation, conduct feasibility studies using prototypes, develop a business case, design a business plan, and ultimately create a go-to market strategy for their innovation.”
And if the student’s go-to market strategy is something that they wish to pursue further, then they can take their idea outside of the classroom and into one of Rady’s two incubators/accelerators: mystartupXX and StartR Accelerator.
Rady’s Incubators/Accelerators
Both mystartupXX and StartR Accelerator are designed to give Rady students and alumni the tools they need to start and grow their businesses. It’s the natural progression after the L2M sequence. Within these incubators/accelerators, entrepreneurs attend workshops, receive mentoring and advice, and gain access to the necessary resources they need to develop an early-stage company.
Both these accelerators have been instrumental to the Rady entrepreneurial community. In fact, 27 of Rady’s 115 startup companies graduated from StartR Accelerator.
“The overall culture at the Rady School of Management is one of innovation and entrepreneurship. The StartR Accelerator enables MBA candidates and graduates to immerse themselves in this culture, and to progress from a burgeoning idea to a full-fledged company during the 6-month program. For Braykion, co-founded by two MBA Flex candidates, StartR was the perfect launchpad.”—Jon Wilensky (MBA), Co-Founder, Braykion
“mystartupXX is great because it’s really the only platform that I know of that encourages women entrepreneurs specifically in innovation-driven and technology-driven companies.” —Ashley Van Zeeland (MBA), Co-Founder, Cypher Genomics
Meet a Successful Rady Entrepreneur
There have been many successful Rady startups including Lab Fellows, Tab32, Clarify Medical (formerly Skylit Medical), Sterling Mobile, ecoATM, Go Green Agriculture, Owaves, The Nicholas Conner Institute, and Interra Energy. But one company that stands out in the crowd is Aira, a visual interpreter for the blind.
Suman Kanuganti first developed Aira during the Lab to Market sequence in his MBA program. He was a part-time student who was passionate about startups and wanted to do something different, but wasn’t sure what that was. Then, during Lab to Market, he began having deep conversations with his fellow students and a blind friend. It was through these conversations and the course work that he came up with a unique idea: what if you could be a blind person’s sight using Google Glass? The rest was history.
Aira started with prototypes built at the University, all the while Suman was working full-time at his day job. Then, in his last semester, Aira went from a prototype to a marketable business when he spent two credit hours to create a functional marketing plan.
“Aira transformed from a simple idea into a great business because of the opportunities I had at the Rady School,” Suman explains. “The framework that Lab to Market gave me indirectly and directly helped me to think about my idea diligently, and not just jump in. L2M taught me to think like an entrepreneur and forced me to learn the entrepreneurial way of doing things.”
But it wasn’t just L2M that made Aira possible; it was also the StartR Accelerator program. After applying and being accepted into StartR, Suman developed a team of other exceptional individuals including two UC San Diego engineers and an engineer from Cisco.
“StartR gave us an environment where we were surrounded by other startups and could connect with each other,” Suman says. “It was a community that taught me discipline and showed that I wasn’t alone. During the program, my team met from 6:00 – 8:00 pm six days a week to build Aira. During these meetings, we planned out everything we needed to achieve to make Aira a reality. It even got us funding.”
It was a huge learning experience for Suman. He learned what it truly meant to start a company. “It’s not going to happen magically. It takes work to get things done,” describes Suman. “Confidence is good but too much confidence can blind you to reality. Pulling together a concept and a vision takes a lot of time, but that’s where the Rady School can help.”
To discover how UC San Diego’s Rady School of Management can help transform your business idea into reality, visit the school website and see what it takes to be #RadyMade.
Rady Partners with Athena San Diego to Mentor Female Entrepreneurs
At UCSD’s Rady School of Management, developing women in business has always been a priority. In fact, just this year, the full-time MBA class welcomed 39 percent female students. And now, they’re taking their work one-step further. In partnership with Athena San Diego—which has worked for 20 years to connect and support women in STEM (science, technology, engineering and math)—Rady is offering mentorship to female founders and leaders as part of its mystartupXX accelerator. Continue reading…
