Freshmen Launch 14 Student Businesses; Part of First-Year Required Course26 February 2006
First-year students are required to take the full-year FME (Foundation Management Experience) course that introduces them to the nuts and bolts of inventing, developing, launching, managing, and liquidating a business. Up to $3,000 in start-up money is available from the College, and all profits are donated to a charity chosen by the business.
Last year's FME businesses set a record, donating $62,720 to their collective charities. FME recently was recognized by the United States Association for Small Business and Entrepreneurship (USASBE) as the number one "Innovative Entrepreneurship Education Course" in the country.
Student Businesses:
* My Skinz (http://www.My-Skinz.com) provides unique and customizable
laptop skins with personalized outer images to match the customer's
inner identity. (Friends of the Homeless is their charity.)
* The Shake Up (http://www.theshake-up.com), a vibrating pillow alarm
clock attached to a pillow case, provides a gentle wake up versus the
traditional alarm clock ring. (Birthday Wishes)
* MyZaic (http://www.MyZaic.com) turns your photographs into a mosaic
poster for preserving memories. (Charles River YMCA)
* Bean Town Buys (http://www.beantownbuys.com) produces a fundraising
package for local non-profit organizations, which can then resell the
discount cards to consumers for a profit. (Special Olympics)
* Beantown Shuffle (http://www.beantownshuffle.com) sells advertising
space on a deck of playing cards that feature Boston-based businesses,
locations and/or charities. (Junior Achievement)
* Razor Scents (http://www.RazorScents.com) is a perfume wholesaler and
retailer that sells over 1500 name brand fragrances at reduced prices.
(Citizen Schools)
* Bab-Ubble (http://www.bab-ubble.com) is a minty chewing gum with custom
designed packaging for inexpensive and effective business marketing or
personal messages. (Cradles to Crayon)
* Babson in a Box (http://www.thebabobox.com) mimics the experience of an
average Babson student in a game format. This unique game, fully
customized to Babson, is fun and easy to play. (Boys and Girls Clubs of
Boston)
* Never Dateless Calendars (http://www.neverdatelesscalendars.com) feature
professional, classic black and white photographs of some Babson
students, as voted on by the undergraduate community. (The American
Cancer Society)
* CellTagz (http://www.celltagz.com) is a retail and wholesale distributor
of keychain-like charms for cell phones. They offer pre-made charms and
customized charms that companies and organizations can use for
promotional purposes. (The Nativity School, Worcester)
* Koketo Tee's (http://www.koketotees.com) sells cotton t-shirts with
witty sayings and designs. To stand apart from competitors they will
print telephone numbers of local delivery services on the backs of the
shirts. (Roxbury YMCA)
* Tray Liners (http://trayliners.babson.edu) sells advertising space on
paper tray liners used in Babson's dining hall. The liners display
personal messages, advertisements, coupons and upcoming events.
(Special Olympics)
* Crunch Time (http://www.crunchtimesnack.com) is pre-packaged gourmet
kettle-cooked popcorn which they sell retail and wholesale. (Charles
River ARC)
* Pride Blankets (http://www.prideblankets.com) sells a thick fleece
blanket with an embroidered logo, available in a variety of colors and
customizable text. (Greater Boston Food Bank)
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit http://www.babson.edu.
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