Entrepreneurial Innovations Lab (EIL)
The Entrepreneurial Innovations Lab (EIL) was established to focus Kelley School of Business resources on the commercialization of life science and other high-potential research technologies. MBA students from the Entrepreneurial Management Academy form teams which are then assigned to projects in order to explore the feasibility of taking the research conducted and producing a viable business or a licensable technology. Students concentrate on areas such as market research, financial analysis and operations planning.
We select top students within Kelley's MBA program to work on the above opportunities and challenges, which defines EIL's other primary objective: to provide MBA students with relevant, clinical experiences that complement their academic curriculum. These clinical experiences will emulate the actual business planning process used by successful entrepreneurs to found and build their businesses and the analytical models used by top-tier venture capital firms to make investment decisions and manage early-stage portfolio companies. Sources for this technology include Indiana University faculty as well as other research organizations in the state.
The EIL works closely with the Johnson Center for Entrepreneurship & Science Innovations (JCESI) and the Johnson Center for Entrepreneurship & Medical Science Innovation (JCEMSI) to assist Indiana University faculty members. In addition, MBA students working within the EIL have access to Indiana University law students working within the Elmore Entrepreneurship Law Clinic (ELC).