The United States Association for Small Business & Entrepreneurship (USASBE) has named Babson College’s Foundation Management Experience (FME) undergraduate course the number one “Innovative Entrepreneurship Education Course” in the country.

The award is part of USASBE’s Excellence in Education Awards sponsored by Students in Free Enterprise (SIFE).

Professors Heidi Neck and Donna Stoddard made the award-winning presentation.  View presentation.

Babson’s FME is a year-long immersion course into the world of business for first-year undergraduate students. They learn the nuts and bolts of economic theory, probability theory, statistical analysis, quantitative methodology, and business law. Teams of students also work together to invent, develop, launch, manage, and liquidate a business. Babson provides $3,000 in start-up ‘seed’ capital, and year-end profits are donated to a community service project, such as Habitat for Humanity.

“We are honored to receive this award,” said Patricia Greene, Babson’s Undergraduate School Dean and holder of the President’s Endowed Chair in Entrepreneurship. “The talent and culture of Babson really does create a uniquely powerful higher education environment. We are more focused, more willing and able to take risks, and much better at collaborating to get results.”

USASBE’s mission is to advance knowledge and foster business development through entrepreneurship education and research. It is the premier network for entrepreneurship educators at all student levels, for professional practitioners, for entrepreneurship researchers, and for government policy makers.