Shiv Nadar University in tie-up with Babson College

New Delhi: Noida-based Shiv Nadar University on Tuesday announced its collaboration with Babson College to offer three programs focused on entrepreneurship and establish a Center of Entrepreneurship.

The three programs (under the School of Business) include a four-year undergraduate program in business administration (BBA), a two-year MBA program and a one-year MS program.

All the programs will focus on entrepreneurship and will commence next year onwards. Students pursuing BBA and MBA programs will get an option to study one of the semesters at Babson College, while those pursuing MS will spend the summer semester at Babson College. The course fee ranges from Rs 11.5 lakh to Rs 15.75 lakh, depending on the program.

Babson College will help the School of Business at the University with curriculum design, selection and admissions, faculty training and student exchanges.

According to Nikhil Sinha, founding vice chancellor, Shiv Nadar University, India will have about 100 million young people looking for jobs in the next 10 years, but it may not be possible for the existing corporates to grow and create jobs in such large numbers.

"Our country needs new entrepreneurs to create the adequate number of jobs in the future," he said. "While individuals and business families in India have displayed sharp business acumen and have established global recognition, there is a need for structured and formal intervention through education to nurture and promote leadership in entrepreneurship," he added.

The University will also work towards providing financial support to entrepreneurs to launch their start-ups. However, the university is yet to decide on the student intake.. "We are looking to attract working executives who want to become entrepreneurs, as well as those who will handle their family businesses in the coming years," Sinha said.

Len Schlesinger, president, Babson College, said they will help develop the Centre of Entrepreneurship, which will serve as a center for excellence for entrepreneurship in India, focusing on research, incubation programs, outreach programs and case studies.

"We believe that entrepreneurship can be taught and how it is taught can make all the difference in the way businesses can be a success," he added.