NYU announces new entrepreneurship “eLab” to bring the university together

NYU announces new entrepreneurship “eLab” to bring the university together

BY CALE GUTHRIE WEISSMAN 
ON MARCH 1, 2014

This weekend NYU students and alumni are trekking to Greenwich Village from near and far to attend the third annual NYU Entrepreneurs Festival. This two-day event brings together hopeful entrepreneurial minds with older, more-vetted business people, all of whom are at least tangentially affiliated with the Manhattan empire that is known as New York University.

This morning, to kick off the event the University announced a new addition its hallowed hallways: a lab dedicated solely to entrepreneurship dubbed the Mark and Debra Leslie eLab. The building is slated to open next fall.

Frank Rimalovski, managing director of NYU’s Innovation Venture Fund, says this eLab will be the go-to place for any student with questions about entrepreneurship: “Where do I go to learn about entrepreneurship? Where do I meet my cofounder? Who can I talk?” Rimalovski said. It will also be filled with amenities every student wants: a fabrication lab as well as bountiful and free coffee and ramen.

While Rimalovski wouldn’t put a price on the building, he said it was “a major gift from Mark and Debra Leslie.” Mark Leslie is an alumnus of NYU, who is also a retired Silicon Valley entrepreneur.

In some ways it is similar to the many incubators NYU has put into place. But instead of providing physical and financial support to help new businesses, this is more of a springboard. Like half college dorm half incubator, I suppose. Other schools, like MIT, have similar spaces, although Rimalovski — being the man behind the building — begged to differ.

Instead, he sees it as another way to bridge NYU communities. The enormous school is fissured and fragmented both geographically and organizationally. Rimalovski has been trying to to bridge nearly 40,000 students (both undergrad and post-grad) in nearly 20 separate colleges. Entrepreneurship, in his estimation, is one of the great tying binds for nearly every program, save, perhaps for its Institute for the Study of the Ancient World. He points out that 14 separate NYU schools were represented at this weekend’s event.

While the eLab may or may not solve this problem, at least a student can come in for his fix of free ramen. And what could be more emblematic of entrepreneurial life than that?

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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