The first-place team in the inaugural Aggie Pitch competition on April 20 was Bezoar Labs – a team familiar to McFerrin Center for Entrepreneurship because it received honorable mention in the 2017 Raymond Ideas Challenge.

Of the 10 finalists in the competition in which students from Texas A&M System schools and branch campuses pitch their business concepts, eight had been involved in McFerrin programs (3 Day Startup, Ideas Challenge, and Startup Aggieland).

Bezoar Lab team members said their invention “tackles every element of our planet’s complex web improving its health by creating a safer, more nutritious protein sources for all.” Team members were Ryan Springer, manufacturing and mechanical engineering technologies; and Grace Tsai, nautical archaeology.

McFerrin Center Director Blake Petty said the first competition was encouraging. “Our inaugural Aggie Pitch event showcased the dedication and entrepreneurial spirit behind our top student entrepreneurs,” he said. “McFerrin Center looks forward to enabling the next wave of students within our Aggie Entrepreneurial Ecosystem to be even stronger competitors in 2019 and beyond.” …Read more

Categories: Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Students, Texas A&M

The public is invited to watch the finals on April 20 for Aggie Pitch, the McFerrin Center for Entrepreneurship’s inaugural pitch competition in which students from Texas A&M System schools and branch campuses pitch their business concepts.

 

Registration will start at 9 a.m., and the program will begin at 9:30 a.m. The awards luncheon will begin at noon. RSVP here: www.AggiePITCH.com

In recent weeks, the participants have gotten a chance to showcase their ideas. In addition to a cash prize pool of $50,000, the winners potentially will be considered for nomination to additional business plan/pitch competitions across the nation.

Finalists invited to the April 20 event will be evaluated and scored by a panel of prestigious entrepreneur/investor judges who volunteer with the McFerrin Center for Entrepreneurship. The judging panel includes Blake Teipel, Ph.D., a local entrepreneur and former student collaborated with the McFerrin Center in 2015 to win a number of business plan competitions around his company concept, including the Rice Business Plan Competition. The Aggie Pitch award winners will be announced at the luncheon shortly after noon.

The goal of Aggie Pitch is to encourage all Texas A&M students to explore entrepreneurship and learn how to deliver their business concepts in the most compelling fashion.

…Read more

Categories: Center for New Ventures and Entrepreneurship, Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Research, Students, Texas A&M

Mays Business School takes great pride in its commitment to being on the leading edge of business, education, and research. The latest evidence is the hiring of corporate management and marketing executive Bill Peel ’74 as the school’s executive director of innovation and strategic planning, a role that is unique in higher education.

Peel’s diverse professional background and knowledge of design thinking will be a tremendous asset to Mays. “Bill comes to us with an extensive business background and is someone who is very creative and has a high level of integrity,” said Mays Dean Eli Jones. “Plus, Bill’s an Aggie so he understands and embraces Texas A&M’s unique culture and inherent values.”

In his new position, Peel – who holds degrees in environmental design and architecture from Texas A&M – will facilitate the implementation of the school’s strategic plan. He also will oversee Mays’ marketing, communications, public relations, corporate relations and alumni relations. …Read more

Categories: Dean Eli Jones, Entrepreneurship, Featured Stories, Mays Business, Mays Innovation Research Center, McFerrin Center for Entrepreneurship, News, Staff, Texas A&M

AgScents

By Kristopher Muir, Clinical Assistant Professor

Imagine you’re a Mays graduate student and you just got out of class. In addition to walking to the library, you’re checking voicemails on your phone related to your team’s startup company. In addition to looking at social media to see what your friends are up to, you’re checking your company’s social media page for analytics. During your coffee break, you’re huddling with your CFO, CEO, and other team members in order to solve the latest crisis: your supplier has canceled your order. What do you do? If you can imagine any of these scenarios, you might be a Master of Science (MS) in Business student.

In its second year, the MS Business program is the newest graduate program offered at Mays Business School. MS Business is a 36-hour, 11-month general business graduate degree offered to students who do not have a business undergraduate education.

Mays Business School students have spent this semester “learning business by doing business” through the integrated business experience (IBE) course, designed to teach MS Business students how to start and run their own business in only one semester. In only its second year, the four student-run companies earned a collective profit of $18,352 that they were able to donate to local charities in addition to the 229 service hours. These numbers serve to validate that the MS Business program aligns with both the Mays vision of advancing the world’s prosperity and the Mays Grand Challenge of Entrepreneurship. …Read more

Categories: Entrepreneurship, Faculty, Featured Stories, Mays Business, Spotlights, Students, Texas A&M

The world of 3D printing is no longer an unattainable dream; 3D printers have been set up in Startup Aggieland, a facility operated by the McFerrin Center for Entrepreneurship at Mays Business School. These 3D printers can be used by any students who want to print out their innovative new ideas, but as a 3D model and not just as a 2D image.

Charles Hinton, I-Corps Director and Startup Aggieland veteran, is facilitating the startup process for these new 3D printers. As a Texas A&M graduate, Hinton understands the importance of students expressing their ideas in creative ways. According to Hinton, these printers will serve as the beginning of the development of a makerspace in Startup Aggieland, where students and faculty can come to design, experiment, and learn.

These 3D printers will give students the opportunity to build a touchable “first look” at the ideas and gadgets they have created in their head or on paper. This is an incredible feat for students who are looking to become entrepreneurs or students who just want to know if their idea could have any commercial value.

Users of the printer must first generate a model of the product they want to manufacture, which they can do on a 3D modeling software called Solid Works that can be acquired for free from the university. The students then bring their design to Startup Aggieland, where a different software will slice and convert the design to a printable format. The 3D printer can then get to work by adding layer upon layer of raw material fed into the printer to create a final product. …Read more

Categories: Centers, Entrepreneurship, Featured Stories, I-Corps, Mays Business, McFerrin Center for Entrepreneurship, News, Startup Aggieland, Students, Texas A&M

The new Mays Innovation Research Center has an inaugural director: Mays Business School professor Korok Ray, who conceptualized the center as a place to discover how and when innovation occurs, then transfer that knowledge to Texas A&M University students.

Ray, an associate professor of accounting, will lead the center to provide research support to existing and new faculty members across the Texas A&M campus. It will bridge the research at Mays with that occurring in engineering, business, liberal arts, and other academic disciplines. The center will also fund Ph.D. fellowships and undergraduate research opportunities, and award prizes for outstanding research that advances the center’s mission.

Ray’s research interests are performance measurement, compensation, corporate governance, and cost allocation. He has taught accounting at Texas A&M University, the University of Chicago and Georgetown University, and earned his Ph.D. from Stanford University. He also served as the senior economist on the Council of Economic Advisers in the White House from 2007 to 2009.

Ray said he has experienced strong support for the concept. “Dean (Eli) Jones, The Texas A&M Foundation, and our donors have been outstanding in their support of this vision from the beginning,” he said. “I’m thrilled and honored to lead this center into new and uncharted territory, as the conversation on innovation unfolds both on our campus and nationally.  The center will engage students in research, support faculty, and pursue opportunities unique to Texas A&M, with its special combination of first-tier research and first-class values.”

…Read more

Categories: Accounting, Centers, Dean Eli Jones, Entrepreneurship, Faculty, Featured Stories, Mays Business, Mays Innovation Research Center, News, Research, Texas A&M

Store brands, often called “own brands,” have certainly come into their own. Some retailers, like Trader Joe’s, almost exclusively sell private label products. Overall, this category of manufactured goods represents about 20 percent of all products sold at grocery, drug chain, and mass merchant stores. Yielding a higher margin compared to national brands, like Tide or Doritos, the industry is poised only to grow and offer lesser-known, but highly successful, career paths.

In November, seven Texas A&M University students became the first Aggies to attend the Private Label Trade Show and University Outreach program in Chicago. The event attracts 2,800 booths exhibitors from 70 countries with over 5,000 buyers and visitors’ eager to discover innovative new products catering to modern consumer taste pallets, from organic spices, gourmet baked cheeses, to mango Sriracha beef jerky. Some of the attendees included companies partnered with the Center for Retailing Studies in Mays Business School.

Supply chain major and M.B. Zale Leadership Scholar Allison McGraw ’18 said, “I loved this experience! The opportunity to shadow a supplier on day one and then a retailer on day two allowed me to build a more complete understanding of the grocery business.” McGraw will intern next summer with PepsiCo/Frito Lay.

…Read more

Categories: Center for Retailing Studies, Centers, Entrepreneurship, Featured Stories, Marketing, Mays Business, News, Students, Texas A&M

App acts as social media address book

Mays Business School’s focus on the entrepreneurial mindset is personified in the success of Mays marketing senior Dylan Secrest ’17, the CEO and creator of SyncLink.

Dylan SecrestSyncLink is a new iPhone application that allows users to consolidate friends on all social media platforms, as well as store other forms of contact information, in one place. His vision was to “simplify the way the world connects, and essentially create a social media address book.”

Once a user has downloaded the app and created an account, he can sync social media profiles onto the SyncLink account and share it with the world. From there, the user can connect with other SyncLink users on social media with the click of a button.

Secrest has released the app locally, and has garnered more than 400 users and plans to expand further. He and his business partners – Noah Kaplan of Cornell University and Jay Dickey ’17, who graduated from Texas A&M University with a degree in political science and is now a prospective law student – recently joined Startup Aggieland, a business incubator on campus. They are working with several entrepreneurs-in-residence and software mentors, and have applied to MassChallenge Texas.

…Read more

Categories: Entrepreneurship, Featured Stories, Marketing, Mays Business, News, Spotlights, Startup Aggieland, Students, Texas A&M

The fastest-growing Aggie-owned or Aggie-led businesses were recognized Friday night at the 13th Annual Aggie 100 at a dinner hosted by the Texas A&M Mays Business School’s McFerrin Center for Entrepreneurship. Members of the exclusive club were honored by about 700 attendees at a dinner at the Hall of Champions at Texas A&M University’s Kyle Field.

The company with the highest growth was Lonquist Field Services (Canada), which reported a growth of 223.287 percent. It is owned by Richard R. Lonquist ’87, Roy W. Duff ’85 and Robert S. Crews ’90.

The complete Aggie 100 list may be found at www.aggie100.com.

To be considered for the Aggie 100, companies (corporations, partnerships, sole proprietorships) must operate in a manner consistent with the Aggie Code of Honor and in keeping with the values and image of Texas A&M University, and must meet specific criteria.

…Read more

Categories: Alumni, Centers, Dean Eli Jones, Entrepreneurship, Featured Stories, Former Students, Mays Business, McFerrin Center for Entrepreneurship, News, Texas A&M

By Dorian Martin ’06, The Texas A&M Foundation

The entrepreneurial spirit of longtime Texas A&M University benefactor Arthur “Artie” McFerrin Jr. will continue to inspire future generations of Aggies through the renaming of Mays Business School’s Center for New Ventures and Entrepreneurship (CNVE) in his honor.

McFerrin, who passed away Aug. 8 after a long battle with leukemia, consistently supported Texas A&M’s academic and athletic programs with major gifts. The 1965 graduate of Texas A&M University is the namesake of the McFerrin Department of Chemical Engineering, the McFerrin Athletic Center (the indoor football complex and track stadium) and the Cox-McFerrin Basketball Center.

“Widely known as one of the most generous, humble and understated leaders in business, Artie gave more in his life than he ever took,” said Texas A&M Foundation President Tyson Voelkel. “He set a standard few others will ever achieve as a man of character and conviction focused on the future. It is fitting that the newly renamed McFerrin Center for Entrepreneurship will bear the name of someone so focused on giving others opportunities.”

The CNVE’s renaming was made possible through a $10 million gift from McFerrin and his wife, Dorothy. These funds will advance the center’s work as an international leader in entrepreneurial education. “We are truly grateful to the McFerrin family,” said Eli Jones, dean of Mays Business School. “Artie’s spirit lives on through the thousands of lives he has influenced and will continue to influence. His heart for Texas A&M and entrepreneurship beats in the hearts of those Aggies who choose to be courageous enough to create solutions to the world’s biggest problems—those who are indeed fearless.”

Dorothy and Artie McFerrin Jr. ’65

Funds will further help the center more effectively prepare aspiring entrepreneurs to succeed in a turbulent global economy. “Our goal is to create a state-of-the-art center that equips young people for starting and growing their ventures,” said Richard Lester, the center’s executive director. “With this support, we can expand our reach and impact while linking existing programs for a cohesive experience. More than grooming specific skills, we hope to train students to develop an entrepreneurial mindset: to believe they can achieve and not give up when the going gets tough.”

…Read more

Categories: Center for New Ventures and Entrepreneurship, Centers, Donors Corner, Entrepreneurship, Featured Stories, Management, Mays Business, News, Texas A&M