Draper University and Arizona State University partner to offer college credits and a certificate of entrepreneurship for the Semester in Silicon Valley program

San Mateo, CA - Apr 3rd, 2017

Draper University, the boarding school for entrepreneurs created by the co-founder of DFJ Tim Draper has recently announced its biggest partnership to date with forward-thinking Arizona State University which is currently ranked #1 in Innovation by the U.S. News and World Report. **The program which offers 15 ASU college credits and a certificate of entrepreneurship for students who start their own companies and complete the five ASU upper-level courses in the curriculum, will be the first program of its scale, granting Silicon Valley resources to up to 80 students of the 71,000+ students attending ASU campuses. **

The ASU-Draper Hero Incubator will combine co-founder Tim Draper's innovative approach to education for entrepreneurs with ASU's cutting-edge approach to the delivery of content. ASU’s partnership with Draper follows its past partnerships with companies such as edX and Starbucks among others. Beyond fulfilling ASU business students’ major requirements, the students that are part of the Semester in Silicon Valley program will have the opportunity to pitch their newly launched startups at the end of the program to 80+ Silicon Valley venture capitalists in attendance. Past startups that have gone through Draper University have raised $200,000+ through the demo day in the past.

The curriculum will include content from five ASU upper-level courses including “Introduction to Entrepreneurship,” “Entrepreneurship and Value Creation,” “Mobile and Web Programming,” “Product Design & 3D Printing,” and “Immersive Entrepreneurial Experience.” In addition to traditional coursework, students will receive personal development coaching from Peak Performance Educator Gina Kloes, have the opportunity to tour the headquarters of tech companies such as Google and Tesla, will attend lectures with Silicon Valley icons- past speakers have included Elon Musk and Aaron Levie-and will participate in a week of "Survival Training” led by a former Navy seal as well as participate in hack-a-thons.

"We are thrilled to be working with ASU," said Tim Draper, Founder of Draper University.

"Our program will be enhanced by ASU's full curriculum. Because of ASU, more and more students will learn the challenges and excitement of starting a business."

Amy Hillman, the dean of ASU's W.P. Carey School of Business, called the new partnership "a fantastic combination of academics and practical application of entrepreneurial lessons."

"Draper U is an innovator in real-world education and we are a highly ranked creative business school grounded in research," she said. "Our students will have the best of both worlds and they will emerge from the experience stronger and better prepared for the modern economy."

###2016's Pilot Program with ASU

Draper University’s pilot program with ASU last year was met with positive reviews from many ASU students including ASU senior Chandler Levine who wrote in a blog post that the program was “exactly what I was looking for and so much more” and that the program was a nice change in pace from lecture style college classes which placed a greater emphasis on exams and homework. Levine is currently working on a second startup in stealth as an ASU senior after launching his first startup through the ASU-Draper pilot program last year.

[Photo: Photo: Chandler Levine, ASU Class of 2017, Participant in the 2016 pilot program]

###ASU's Recent History of Innovative Partnerships

ASU has been charting its path as a trailblazer in innovative partnerships, with its joint foray with edX in 2015 into creating the Global Freshman Academy, an online program that allows students to complete online courses taught by ASU faculty members before even applying to ASU or paying tuition. Freshman Academy was created to reduce any barriers to attending ASU in the form of residential expenses and finances and allowed students to complete eight online courses to fulfill requirements for a full freshman year at ASU at about half the cost of the national average for a year of in-state tuition at public universities.

ASU has also paved the way through a partnership with Starbucks to launch the Starbucks College Achievement Plan, introduced in 2014. The alliance enables partners to pursue and complete their college education tuition-free through ASU online. To date, more than 6,500 Starbucks partners have gained admission, and nearly 1,000 are expected to graduate from ASU by the end of the year. With the newly announced goal of producing 25,000 graduates through the program by 2025, Starbucks CEO Howard Schultz has agreed to speak at the 2017 undergraduate commencement for ASU on May 8th.

The success of such cutting-edge programs contributes to ASU’s ranking as #1 in the U.S. for innovation in the U.S. News & World Report in 2016 and 2017 with #2 Stanford and #3 as MIT.

ASU’s push for innovation can be viewed as part of a larger trend in the state of Arizona. It’s no big surprise that as Silicon Valley rents rise, and California becomes more crowded and expensive, companies such as Uber, Yelp and Shutterfly have recently opened offices in Phoenix due to lower cost of living for employees and high quality of life. The growing presence of Silicon Valley companies in Phoenix has boosted the number of tech jobs in the city by 18.6% between 2010 and 2015. Phoenix startups have also gained the increasing attention of Venture Capital firms. According to PitchBook, while between 2009 to 2011 $332M went to Phoenix startup companies, this number increased to $834M between 2012 to 2014.

Local Phoenix companies are jumping on the bandwagon and betting on top entrepreneurial talent at ASU. In fact, a Phoenix-based law firm has offered eight half-scholarships to the most talented ASU-Draper Semester in Silicon Valley applicants to fuel the next wave of innovation at the undergraduate level. The university is still in talks with other corporate sponsors to help increase access to the program for students who exhibit leadership and academic excellence as well as underrepresented minorities.

The program is still accepting applications and encourages all college students to apply at rebrand.ly/ASU_Draper and learn more at asuheroes.com. Applications will be reviewed on a rolling basis and the deadline to apply is July 1, 2017 for an August 21st start date.

##About Arizona State University

Arizona State University, ranked #1 university in the U.S. for innovation in 2016 and 2017 by U.S. News & World Report, has developed a new model for the American Research University, creating an institution that is committed to excellence, access and impact. ASU measures itself by those it includes, not by those it excludes. ASU pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it. In the fall of 2016, ASU enrolled around 72,000 full-immersion students on five campuses in Greater Phoenix.

About Draper University

Draper University, founded by DFJ co-founder Tim Draper, has innovated the concept of “a boarding school for entrepreneurs.” The school has graduated 500+ students which have started 280+ companies raising over $51.4 million. Students have come from over 60 different countries. The program, located in the heart of downtown San Mateo at the former historical Ben Franklin hotel, gives students unprecedented access to funding, mentorship, and like-minded entrepreneurial peers in Silicon Valley.

To learn more visit www.draperuniversity.com



Min Kim

Min Kim

Marketing & Partnerships, Draper University
min@draperuniversity.com
@minkimd14

Ricky Yean

Media Contact
rlo@prx.co
Draper University
draperuniversity.com

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