It's about time entrepreneurs got what was coming to them--an exhibition hall celebrating their efforts. Last October, the Arthur M. Blank Center for Entrepreneurship opened at Babson College in Wellesley, Massachusetts.
"It's a celebration of entrepreneurship," says William D. Bygrave, the center's director. Members of Babson's Academy of Distinguished Entrepreneurs, Babson alumni, and winners of Babson's John H. Muller Jr. Business Plan Competition, among others, are featured in product exhibits and video interviews in the exhibition hall. Current exhibits include a LEGO model, an L.L. Bean canoe and the first Bose hi-fi speakers. "It's not just a series of stagnant exhibits, but story lines about entrepreneurs getting started and about how they create wealth," says Bygrave.
In addition, the new center will house a 40-seat lecture hall wired for satellite broadcasting to allow remote teaching, and eventually there will be an archive of entrepreneurs' important papers, such as business plans and initial public offerings. "The purpose of the center is to get young people excited about entrepreneurship," says Babson, "and to [show foreign] professors and policy makers how we teach entrepreneurship." A little inspiration for seasoned entrepreneurs couldn't hurt, either.