Manchester Magazine Fall 2016 | Page 20

MU | F e a t u r e s A basement in Wabash, Ind., may seem an unlikely setting for innovative student learning and business development. But that’s kind of the point. North Manchester and Wabash need unconventional thinking to grow, and Manchester University students are helping to provide it. A year ago, the Economic Development Group (EDG) of Wabash County, Manchester University and INGUARD – a Wabash-based insurance and risk management firm – announced a partnership to support entrepreneurs. The program, Entrepreneurs EDG, is helping to coach fledgling business owners on how to establish and launch a business, then grow and succeed. Under the guidance of Professor Joe Messer, teams of MU students research, develop and execute “where great ideas can come together.” In turn, the real-world experience the students get helps them contribute to the community and gives them a jump start on their careers. “The value of the University to this is immeasurable,” says Keith Gillenwater, president and CEO of the EDG of Wabash County. Having MU in the backyard gives the local business community access to its College of Business expertise and young talent graduating through its programs in accounting, sales, marketing and management. “Selfishly,” says Gillenwater, “we’re trying to build in stickiness to it,” meaning that students who get involved in entrepreneurship and economic development before they graduate are more likely to stay and engage in the community after they graduate. “The program challenges students to think creatively and solve real-world problems.” – Joe Messer Mark E. Johnston Professor of Entrepreneurial Studies strategies tailored to the specific needs of the entrepreneur. The program is one example of how – from North Manchester to Wabash to Warsaw to Fort Wayne – the University is helping to drive economic development in northeast Indiana. New academic programs such as pharmacogenomics and sales are meeting emerging needs. And all over, internships and partnerships are fueling the region’s economic engine. In Wabash, INGUARD owner Parker Beauchamp is providing his company’s remodeled basement as space for the business incubator where people can collaborate and 20 | Entrepreneurs EDG helps Messer’s students develop acumen to become future entrepreneurs and business leaders. “The program challenges them to think creatively and solve real-world problems,” adds Messer, the Mark E. Johnston Professor of Entrepreneurial Studies. Messer is teaching students to use the Business Model Canvas, a strategic management tool that helps identify problems and map solutions. Economic development groups in northeast Indiana’s 11 counties are learning to use the Canvas too, says Messer, so MU students trained in its use will be prepared to lead when they graduate. Beauchamp, a Wabash native who runs the business his great-grandfather purchased On Page 19: Tiana Maclin ’17 was one of three MU students in this year’s Greater Fort Wayne Fellows class. Alex Corn ’17 (above), spent his summer internship with the Economic Development Group of Wabash County; and (top) pharmacogenomics students Kara Olson ’17 (left) and Emily Brick ’17 work on an assignment in the lab.