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JANUARY | FEBRUARY 2015 BizEd 55 ILLUSTRATION BY RANDY LYHUS DESIGNED FOR ENTREPRENEURSHIP The Olin Graduate School of Business at Babson College in Welles- ley, Massachusetts, recently opened Design Zone 125, a classroom renovated with features to enhance design thinking, entrepreneurial thought, collaboration, and problem solving in the school's entre- preneurship courses. The new room replaces fixed furniture and theater-style seating with portable tables, stools, whiteboards, and dividers, as well as workshop space for prototyping. The setup allows quick transitions between discussions, group work, and design re- views. Two days a week, the design zone provides studio space for all graduate students and staff. Entrepreneurial Spirit Many business schools serve as resources and incuba- tors for local entrepreneurs. Two schools have recently announced programs that will offer additional support to startups that have some connection with their uni- versities: Startup companies affiliated with Purdue University in West Lafayette, Indiana, will have two more resources to draw on through a collaboration among the Purdue Foundry, Elevate Ventures, and the Indiana Economic Development Corporation. The school has added two entrepreneurs-in-residence, who can offer mentoring and other advice to new business owners. It also is par- ticipating in the three-year, US$2 million Elevate Purdue Foundry Fund, which will offer two tiers of funding to qualified startups: the $20,000 Black Award and the $80,000 Gold Award. Entrepreneurs are eligible for Gold Awards only after they have achieved Black Award mile- stones; six to eight companies are expected to receive Gold Awards annually. Georgetown University in Washington, D.C., has launched Startup Stipends, a competitive application process that will award stipends to selected seniors with entrepreneurial aspirations. Students can use the money to launch their new businesses or to pay off student loans so they can start their careers debt-free. Seed funding for the stipends was provided by alumna Victoria Schramm and her family. VAULT OF KNOWLEDGE Temple Univer- sity's Fox School of Business in Philadel- phia, Pennsylvania, recently created the Fox Video Vault, an online central library of more than 1,000 lecture videos designed to help students retain or reinforce what they learn. The school created the Vault to serve as a central repository of knowledge that not only supports flipped classrooms, but also makes it easier for professors to ensure students have mastered necessary concepts covered in previous courses. They can send students to the Vault to review videos on selected topics before a course even begins. View the Fox Video Vault at www.fox.temple.edu/vault/ topic/excel/.