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  • Schools get into the start-up game

    Marketplace - 06/25/2013

    “I wouldn’t use the word, ‘dropout,’ I would use the word ‘extended leave of absence’,” said Marc Meyer, director of the Center for Entrepreneurship at Northeastern University in Boston.

    Northeastern gives out $250,000 a year in grants through its own new, student run venture accelerator. Meyer could have used that kind of help when he was a student at MIT in the eighties.

    “So very much because we made so many mistakes that had nothing whatsoever to do with the product or technology itself. You can be a brilliant technologist and be absolutely dumb about business,” said Meyer.