Innovation and Entrepreneurship in ASB MBA Programs
At ASB, innovation and entrepreneurship aren’t just passing trends, they’re a way of life.
As a startup institution built with MIT DNA, we pride ourselves on making innovation and entrepreneurship core aspects of our MBA curriculum. Students have several opportunities throughout their MBA to explore these topics in depth, including:
- 2-Day MakerFest program during ASB Immersion
- Summer Associate Program Entrepreneurship Track (Full-Time MBA)
- Action Learning Product Development Project (Full-Time MBA)
- Entrepreneurship Course with MIT Prof. Bill Aulet (ASB Faculty Advisory Committee member) during MIT Immersion
- Entrepreneurship Elective with ASB Prof. Loredana Padurean
- Innovation and Entrepreneurship Hub (Student Club)
The IEC hosts a weekend-long MakerFest during ASB’s Immersion program for incoming MBA and MBA-WP students.
Students form groups, then ideate, build, and pitch a physical product to their classmates, all within two days.
From design thinking to 3D printing and coding, MakerFest exposes students to 21st century software such as SketchUp and Arduino, teaching the end-to-end process of product design and development.
Not only do students receive the training necessary to use FablabKL equipment throughout their time at ASB, they also gain the confidence to consider themselves “makers.”
Summer Associate Program – Entrepreneurship Track
In addition to traditional internship-style projects, the Summer Associate Program at ASB allows Full-Time MBA students to pursue an “Entrepreneurship Track,” with help from the IEC.
In this Track, students are given a budget, 8-12 weeks, a workspace at ASB, a faculty mentor, access to the ASB corporate network, and the freedom to travel anywhere in the world. Students will use these resources to conduct market research and develop a business plan from scratch.
Past projects have explored a wide range of industries and markets, from co-living in Bali to eco-tourism in the Philippines. See below for more information on these projects.
In the past six weeks, I have visited coliving locations in New York City, Los Angeles, San Diego, and San Francisco, and will be flying to Indonesia later this month to explore coliving companies in Bali. Read more >
This summer, instead of choosing to be stuck in an office, I decided to develop a business plan for an eco-sustainable lodge for surfers on one of the islands in the Philippines. Read more >
Action Learning – Product Development Project
The Action Learning project during the final term of the Full-Time MBA is focused on product development. In this project, students are given a budget and a mandate—to build, test, and validate a working prototype of a new product.
From removable shoe soles to a jacket that makes sitting in economy class more comfortable, the students didn’t fail to impress. Some groups were even offered additional funding to further pursue their ideas after the product showcase at the Action Learning Symposium. Watch the video to learn more.
Innovation and Entrepreneurship Hub
Students who are interested in promoting innovation within ASB and in Kuala Lumpur can join the Innovation and Entrepreneurship Hub, a student group with a three-part mission:
Encourage students to produce their own products and solutions through FablabKL
Partner with startups and companies to create an innovation ecosystem
Support ASB students and community members on their entrepreneurial journeys
IEC Thought Leadership
What will the future look like after COVID-19? The pandemic has revealed that the world’s economic and social infrastructure is not prepared to contend with the unprecedented crisis or looming recession. In the United States, the Small Business Administration expects half of the 30 million small businesses to close. Read more >
Professor Rajesh Nair (center) is a man on a mission “to reach one million students and create 100,000 entrepreneurs in 10 years”. In conjunction with Malaysian Global Innovation and Creativity Centre’s (MaGIC’s) Innovation Week, he delivered a talk entitled “Creating 10x Entrepreneurs in the Future”. Read more >
Entrepreneur Student Stories
In the mid-afternoon on March 25, an urgent message came through the Asia School of Business WhatsApp chat group dedicated to COVID-19.
“Hope everyone is safe. As you might know, Biji-biji has mobilized to manufacture emergency PPE for front liners (with authorization). We need home-based volunteers to help prepare and assemble. Materials will be delivered with instructions, picked up, sanitized and delivered to front liners. If you are free to help (ASAP) please PM me.” Read more >
I run a technology company, managing a team of 8 people. We focus on developing mobility technology solutions such as fleet management for commercial trucks and e-scooters for security guards.
Before I joined ASB, I was concerned about how the time away would impact my business. Is it worth earning an MBA and spending 20 months away from the company? Read more >
We want to showcase entrepreneurs from ASB-MBA and their startups. We want to celebrate these entrepreneurs.
“Startups may Fail. But Entrepreneurs Don’t. They Learn for their Next Startup.”
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