Graduate Management News

Management Education Ripe for High-Tech Innovation

Technology─such as virtual hubs connecting students, researchers, schools, and companies worldwide─may well drive the next great innovation in graduate management education.

Harnessing technology is a key component of at least five of the 20 prize-winning ideas in GMAC’s Ideas to Innovation (i2i) Challenge, a two-part initiative aiming to find and then fund top ideas to improve management education. In Phase 2, GMAC’s Management Education for Tomorrow Fund now invites schools and other non-profit education providers to submit proposals to implement any of the top 20 ideas. The best ones will win grants from the US$10 million MET Fund.

“Out of the 650 ideas submitted from more than 60 countries, relatively few had a strong technology component, yet technology-based ideas accounted for a quarter of the winners,” said MET Fund Director Allen Brandt.

Technology-based ideas eligible for Phase 2 funding include:

“Significantly, several of the winning technology-based ideas were submitted by current students,” Brandt said. “It indicates that today’s business students are comfortable with the technology and see technology as a tool for innovation.”

Proposals to fund these or the other 15 winning ideas will be accepted through December 16. To find out more, go to gmacmetfund.org or the GMAC MET Fund blog. Follow the Fund on Twitter at @GMACMETFund.