My name is Eileen, a social entrepreneurship major pre-junior with the Close School of Entrepreneurship, as well as founder and CEO of MENU Econsolution LLC, a startup for anonymous data analytics software. Being a member of the first class in the Close School, the first freestanding school of entrepreneurship in America that offers degrees in entrepreneurship, I had many unique and different college experiences.
I founded my startup during May 2015. Currently, we have a team of eight full-time employees at three different locations with a fair market evaluation. MENU Econsolution, a startup located at the incubator here in Drexel’s Baiada Institute, is an add-on service for Point-of-Sales systems, providing restaurants with key competitor insights, guiding end-users to better position their businesses and improve their overall performance. MENU’s web-based platform software will have a far greater reach with deep insights powered by our new proprietary technologies. MENU Econsolution aims to aid restaurants in avoiding the highest failure rate among all sectors of new businesses.
The idea behind the curricula is teaching entrepreneurial mindset. Like I always believed, hard skills can be self-taught with soft skill and mindset.
Being a female minority entrepreneur, I was facing many challenges throughout the startup process. However, the community and academic support here at Drexel and Close School is amazing. The faculty members are open and willing to help, and provide great resources. The academic curriculum can be tied to my personal interests, in terms of startup focus.
I was able to develop my idea and pivot it to a mature business concept during classes. I found that essential and rare because it generated a diverse range of professional insights from the professors and innovative ideas from my peers. Their contribution definitely made up a big piece of my startup. The idea behind the curricula is teaching entrepreneurial mindset. Like I always believed, hard skills can be self-taught with soft skill and mindset. Launch it! is the best class I have taken so far. The class provides $2,000 startup funding for idea validation, using the lean startup model. I believe in practicing in startups. The best way to prove a concept is definitely to make it happen.
It then led to my current ENTP Co-op. Unlike any other co-op, the ENTP Co-op allows me to work for my own startup for six months full-time, with supporting funding of $15,000. It is so exciting and outcome—oriented. I am the first student from the Close School doing this program, and it integrates with my classes so well. I get to do what I love, which makes it enjoyable and effective. The Baiada Institute is the incubator for startups and ENTP Co-op, essentially the lab of the Close School. I work here with thirteen other startups. Its culture and environment are the best things I have experienced so far in college.