Babson in the Community 2014

Collaborating with Our Community

At Babson, we know that collaboration across disciplines generates creative solutions to challenging issues. Through partnerships with local organizations, we’re able to have a positive impact in more corners of the community.

  • The Three College Collaboration is a joint effort among Babson, Olin, and Wellesley colleges to develop interdisciplinary approaches to teaching and problem solving. Integrating the unique disciplines of each of these colleges—business, engineering, and liberal arts—and applying them to real-world issues result in a positive impact on the community. One example is the foundational course for the Three College Collaboration’s Sustainability Certificate, where Babson, Olin, and Wellesley students and professors work together to present recommendations for enhanced sustainability to local businesses and citizens.
B.O.W. logos
Graduates of the inaugural Goldman Sachs 10,000 Small Businesses program at Babson.

Graduates of the inaugural Goldman Sachs 10,000 Small Businesses program at Babson.

  • The educational component of the Goldman Sachs 10,000 Small Businesses initiative was developed by Babson—the goal of the program is to support the creation of jobs while enhancing the entrepreneurial ecosystem in each area where the program operates (visit 10,000 Small Business Initiative for more information). This past year, Babson also hosted a cohort of 70 entrepreneurs from around the country for 10KSB@Babson, an intensive entrepreneurship training program that is part of the 10,000 Small Businesses initiative.
  • Babson College is a founding sponsor of MassChallenge, the largest startup accelerator in the world, and the first program to support high-impact, early-stage entrepreneurs with no strings attached. In 2014, six Babson startups were among the 128 global finalists chosen to advance to the MassChallenge Accelerator Program. The 2014 finalists were chosen from among 1,600 applications, the most competitive applicant pool since MassChallenge started in 2010.

Supporting Community Events and Initiatives

During the last year, Babson hosted a variety of Needham and Wellesley town events, providing facilities, equipment, space, and employee time and labor for programs such as:

  • Framingham Public Schools administration retreat
  • Better After 50: workshop for women
  • Wellesley Police Department annual 5K: Officer Stewart Savage Memorial 5K Road Race/Fun Run
  • Grace Knight Babson Fund: annual religious education program
  • Fiske Elementary Bingo Night
  • Wellesley Veterans Thanksgiving dinner
  • North Hill partnership: lifelong learning, mentorship programs for students and retirees
  • Wellesley Public Schools administration retreat
  • Mother-Daughter Tea event: held by the National Charity League Wellesley annually
Lewis Institute
  • On October 29, 2014, the Lewis Institute for Social Innovation convened a distinguished panel of scientists, advocates, and entrepreneurs (including Babson student entrepreneur Ava Anderson of Ava Anderson Non-Toxic) to discuss the emerging space of nontoxic consumer products. The event, “Clean” Market Opportunities: Can Entrepreneurs Help Detox our Lives?, addressed the role of entrepreneurship in effecting positive change and developing promising new consumer products and technologies for detoxing our lives. Read more about Ava Anderson in the Babson Magazine story Working with Mom.
  • Babson Board Fellows program places Babson MBA students and recent alumni volunteers as nonvoting members of local nonprofit boards. Nonprofits benefit from fresh insights and student contributions to board committees and special projects, while students gain exposure to board-level decision making, mentorship, and project experience.

    For the 2014–2015 program, Babson Board Fellows is partnering with:
    • Cantata Singers
    • Communities United Inc.
    • COMPASS for Kids
    • Partners for Youth with Disabilities
    • Playworks
    • Shooting Touch
    • Special Olympics of Massachusetts
    • The Base
    • Wellesley Cancer Prevention Project
Entrepreneurship of All Kinds Boston Entrepreneurship of All Kinds Boston
  • Celebrat­ing Entrepre­neur­ship of All Kinds®– Boston – On November 19, Babson partnered with the Greater Boston Chamber of Commerce and Citizens Bank to spotlight how entrepreneurship and innovation are making a positive difference in organizations of all shapes and sizes across the region. The event, hosted in Boston’s Innovation District, featured five recently launched local innovative ventures: Brigham and Women’s Hospital’s iHub, Constant Contact’s Innoloft, Nurtury’s Learning Lab, MassMutual’s Society of Grownups, and transportation startup BRIDJ.
  • This summer, two Babson teams composed of eight MBA students traveled the country as part of MBAxAmerica, an organization that pairs up teams of MBAs with purpose-driven entrepreneurs across the United States to help them tackle business challenges.
The Greater Boston Food Bank
  • Lean for Social Innovation, a pilot Management Consulting Field Experience course, was launched in the spring semester of 2014 as a way of bringing Toyota’s “lean manufacturing system” to the social innovation sector. Student teams learned the principles of the Toyota Production System and put them to work at the Greater Boston Food Bank to develop more sustainable ways to distribute fresh food.
  • Shooting Touch, a Boston-based nonprofit, has partnered with Babson’s Lewis Institute for Social Innovation for its third annual Spring Sports Conference, held at Babson’s Sorenson Center for the Arts on March 28–29, 2015. The event offers insights and career advice about the sports industry, offering panels on footwear and apparel, broadcast and media, entrepreneurship, sports culture, front office, technology, career advancement, and social innovation.
  • Babson is the host site for the halfway point of the Boston Marathon Jimmy Fund Walk in September and one of the four host sites for the Pan-Mass Challenge (PMC) weekend in August, and also will host PMC Kids Rides®, which raises money for the Dana-Farber Cancer Institute. For all these events, participants and volunteers include Wellesley and Needham residents, as well as Babson students, faculty, and staff.
Walk MS Boston
  • The Babson men’s soccer team scored big at Walk MS Boston 2014 in April. Coach Jon Anderson and about a dozen of his players raised nearly $10,000 in this annual walk to support the fight against multiple sclerosis.
  • This year, Babson was one of more than 30 organizations that supported the seventh annual Candy Drive, run by Drs. Ali and Ali from Wellesley Dental Group. More than 7,650 pounds of Halloween candy, along with handwritten notes, were donated to our troops overseas.

Babson’s Center for Women’s Entrepreneurial Leadership (CWEL)

WIN Lab

For 2014–2015, 25 women entrepreneurs were selected to participate in CWEL’s Women Innovating Now (WIN) Lab® startup accelerator. The WIN Lab® offers members the direction, expertise, inspiration, and community they need to reach their entrepreneurial goals. Also this year, CWEL partnered with the city of Boston’s “Women on Main” initiative to better connect women business owners in Boston.

Accolades for CWEL’s WIN Lab®

  • 2014 winner of BostInno’s 50 on Fire, which honors organizations and individuals leading innovation in Boston
  • Finalist for the 2015 Outstanding Specialty Entrepreneurship Program Award from USASBE (United States Association for Small Business and Entrepreneurship®)

“There are more than 126 million women entrepreneurs active around the world, yet more can and must be done to help women further grow their businesses. Babson’s WIN Lab® is designed to do just that.”

– Kerry Healey, President, Babson College