How an MBA Can Help Entrepreneurs

Do you need an MBA as an entrepreneur? [Show Summary]What does it take to become an entrepreneur who drives impact and change? Is an MBA necessary? Inge Kerkloh-Devif, Senior Executive Director and Senior Vice President of the HEC Paris Innovation & Entrepreneurship Center, shares her thoughts.Interview with Inge Kerkloh-Devif, Sr. Exec. Dir. & Sr. Vice President of the HEC Paris Innovation & Entrepreneurship Center [Show Notes]Welcome to the 492nd episode of Admissions Straight Talk. Thanks for tuning in. Are you trying to figure out how you should approach the four to eight applications that you're planning to submit when applying to an MBA program? You can get tips and answers by taking Accepted's free, short quiz – just six questions – at accepted.com/mapmba. By taking the quiz, you'll get a sense of how well you're approaching this critical process and gain access to relevant resources, both free and paid, that will provide you with an effective and efficient strategy for your MBA application effort. Our guest today, Inge Kerkloh-Devif, earned her masters in Marketing and Communications at HEC Paris in 2006. Since then, she worked in business in Paris and then became Executive Vice President of HEC Paris's Executive Education Program, focusing on Global Business Development. In 2019, she moved into her current role as Senior Executive Director and Senior Vice President of the HEC Paris Innovation & Entrepreneurship Center. In 2021, she added to her responsibilities the role of Co-Site Lead Executive at the Creative Destruction Lab in Paris in partnership with the Innovation & Entrepreneurship Center. hbspt.cta.load(58291, '9bb31be0-3cf6-45f0-be3d-3791cc1bd9bd', {}); Can you tell us a little bit about both HEC's Innovation & Entrepreneurship Center and the Creative Destruction Lab in Paris? [2:11]Of course. The Innovation & Entrepreneurship Center is the whole ecosystem we have built as a school around innovators and entrepreneurs. As we say, we think, we teach, and we act around innovation and entrepreneurship. That means we do research on innovation and entrepreneurship. We have more than 20 programs we are teaching at the school to teach innovation and entrepreneurship to our students. And we have all of our incubator acceleration programs, so students are learning by doing. Entrepreneurship is really part of the DNA of the school. The Creative Destruction Lab, or CDL, was founded 10 years ago in Toronto, Canada at the Rotman Management School. They're now partnering with 12 universities all over the world to offer this objective-based program from massively scalable, seed-stage science and technology-based companies. It's really an acceleration program for deep tech. The program has an intake from more than 600 companies per year. We have one lab in Paris, we have one lab on climate, and one lab on space.What's the difference between deep tech and tech? [4:15]Very good question. I think I can give 10 different answers to this. For us, we can see this really emerging more and more in engineering and scientific projects. Those are really long-term projects. We are working with scientists and engineers to get these projects to grow. For us, it's specifically based on scientific and engineering projects to give this deep tech long-term projects. When I say we are working with scientists and engineers, they're coming out of the laboratories. It's very research-based. If I have a business idea, or maybe I don't yet have a business idea, but I know that I want to be an entrepreneur at some point in my career, how can an MBA hel

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