Entrepreneurship & Innovation"If at first the idea is not absurd, then there is no hope for it."—Albert EinsteinIn keeping with the Darden emphasis on transforming "Ideas into Action" is our commitment to entrepreneurship and innovation.Darden students and graduates have founded such companies as LendingTree, the leading online lending and realty services exchange; Thompson Hospitality, L.P., one of the nation’s largest minority-owned food service and restaurant companies; Two Trees Management Company, a firm which owns, develops, and manages several hundred million dollars worth of prime New York City real estate; and CCA Industries, a diversified company with holdings that include the Jefferson Hotel in Richmond, Virginia, and Kiawah Island Resort in South Carolina.Our graduates also demonstrate innovative leadership practices honed at Darden in positions as varied as CEO of multinational giants such as PepsiCo, Inc. and United Technologies, Governor of South Carolina, and head of a groundbreaking program to enhance the image of Colombia and other Latin American countries.The foundation of this entrepreneurial spirit is exceptional teaching. The entrepreneurship faculty includes leading professors in the field, as well as adjunct professors with extensive practical experience as entrepreneurs, venture capitalists, and leaders in innovation.Batten InstituteA leading business think-tank, the Batten Institute invests in applied research and knowledge transfer programs on the frontiers of change in organizations, markets, and technologies. The Institute is a nexus of practitioners and scholars who foster new practical knowledge about business innovation and change.The Institute was founded in 1996 and fortified in 2000 by a record $60 million gift from UVa alumnus Frank Batten, Sr.—retired Chairman and CEO of Landmark Communications and founder of the Weather Channel.Batten Institute programs include the Darden Progressive Incubator, which assists students in taking ideas from concept to viable business; the UVa Business Plan and Business Concept Competitions; the Batten Fellows Program, which brings prominent thought and education leaders and high-potential young professionals to the school to conduct research and interact with students; sponsorship of intellectual capital, industry speakers, and conferences on topics such as business innovation and change; support for Darden’s entrepreneurship curriculum; scholarships for Darden MBA students who exemplify the Institute’s mission; and sponsorship of the Journal of Business Venturing, which publishes findings in international entrepreneurship, new business development, technology and innovation."Most entrepreneurs fail not because their ideas were bad, but because they did not manage the business well. I want to make it possible for Darden to become a leader in developing entrepreneurs who are successful."—Frank BattenRetired Chairman and CEOLandmark CommunicationsFounder of the Weather Channel
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