Ben Gurion University in Beer Sheva and Monash University of Australia have partnered to establish the Monash Ben-Gurion Seed Fund to support joint research and education programs in the areas of Sustainability, Social Inclusion and Entrepreneurship.
The partnership will launch with the “Technological Entrepreneurship” course, an academic course integrating theoretical knowledge with practical business activities. It will take place in both Israel and Australia, where participants will experience multicultural, multidisciplinary and team-oriented activities. Together, the teams will develop an idea for a joint venture and bring it to life.
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The program is comprised of three segments. The first is a week of activities to take place in Melbourne, Australia. During this time, Israeli and Monash students (from Australia, India and Poland) will meet and work in intermixed teams to create and develop a technological business concept. This includes conducting market analyses, preparing business plans and more. In the second segment, students will continue working separately on their business concepts, in their own countries, throughout the semester.
The third and final segment of the program, led by the Bengis Center for Entrepreneurship & Hi-Tech Management at the Guilford Glazer Faculty of Business and Management of BGU, will bring the students together once again in Israel for a week to present their projects to potential investors. This segment will also include tours of main technology centers and meetings with key investors, entrepreneurs and additional figures of Israel’s hi-tech industry.
At BGU, the course is part of the Entrepreneurship & Hi-Tech Track within the Department of Business Administration, of the Guilford Glazer Faculty of Business and Management.
Head of the track, Prof. Dafna Schwartz stated, “Israel is internationally recognized as the ‘Start-Up Nation.’ Characteristics of the high-tech and start-up industry include integration into global markets, teamwork and the ability to join forces with figures of various countries and cultures. The ‘Technological Entrepreneurship’ course, which is part of the Entrepreneurship & Hi-Tech Management track, provides students with a unique opportunity to receive hands-on experience, along with academic guidance, throughout the school year.”
Prof. Abid Khan, Deputy Vice-Chancellor and Vice-President (Global Engagement) of Monash University stated ‘It gives me great pleasure to be part of this inaugural program, which is the fruition of a recent collaboration with BGU, one of Israel’s most dynamic universities. An international outlook and entrepreneurial spirit are fundamental parts of Monash’s DNA and this cross-border, cross-disciplinary initiative represents an innovative example of the joint applications of these approaches.”
