Monday, April 23, 2012

GMAC Awards $7.1M to 12 Organizations to Improve B-School Education

The Graduate Management Admissions Council (GMAC) has announced the second-phase winners of a $10 million program designed to enhance graduate management education. Twelve organizations, including business schools in the United States, Canada, Spain, India and Botswana, were awarded a total of $7.1 million in funding to develop ideas submitted as part of the Ideas to Innovation (i2i) Challenge.
The first phase of the i2i Challenge drew more than 650 initial ideas in response to the question, “What one idea would improve graduate management education?” 
Twenty ideas were selected; as part of the second phase, 25 organizations from seven countries were invited to create innovative graduate management education programs inspired by winning Phase 1 concepts. 

On April 17th, GMAC announced 12 finalists, including ESADE in Spain, the University of Botswana and Net Impact, an international network of top graduate business schools.

The winning i2i proposals each focus on one of three areas: creating social responsibility and service learning opportunities as part of business school, developing new business leadership opportunities for military veterans and encouraging global collaboration between educational institutions.

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