Magnuson Center for Entrepreneurship
The Magnuson Center for Entrepreneurship at Dartmouth College was announced in May 2018, with a successful endowment fundraise of $36 million. Creation of the Magnuson Center followed a four-year pilot program, the Dartmouth Entrepreneurial Network (DEN) Innovation Center. To date, the Center has surpassed its original fundraising goal and has increased its total raise to $50 million, inclusive of a lead gift from Allison and Rick Magnuson ’79. In addition to the Magnuson’s gift, the Center has received 26 gifts of $1 million from a group of alumni leaders in technology, venture capital, and private equity—creating the Dartmouth Founders Circle.
The mission of the Magnuson Center is to serve Dartmouth students, faculty and alumni along all points of the entrepreneurial journey. The Center is organizationally situated within the Provost's Division of the College. The Center is led by its Director, Jamie Coughlin and is a part of a two office initiative that makes up the Office of Entrepreneurship and Technology Transfer (OETT), which is headed by Associate Provost for OETT, Dr. Eric Fossum. Dartmouth's Board of Trustees approved the charter for the formation of the Magnuson Center Board of Advisors, which includes 20 alumni leaders in entrepreneurship and venture capital. It also approved Jeff Crowe ’78 as its inaugural Chair.
The Magnuson Center serves its stakeholders by providing co-curricular education and experiences, funding opportunities, and connection to our world class alumni network. Through this mission, the Center aims to achieve the following:
a.) increase in the attraction of entrepreneurial-minded students and faculty;
b.) amplify the diversity of new venture ideas around campus;
c.) increase the placement of students in internship positions; and
d.) contribute to complex world problems and positions.
To realize its vision, the Magnuson Center focuses on four key mission areas:
1. Experiential Learning: The Magnuson Center provides extensive offerings in the areas of educational programming, internship support, and off-campus trek experiences to specifically support students interested in entrepreneurship. The Center also includes faculty and alumni in teaching on-campus courses and workshops, and hosting off-campus, hands-on experiences and internships.
2. Startup Support: The Magnuson Center offers educational workshops, early stage seed capital offerings, and dedicated team members and alumni for mentorship. The Center also partners with and invests in other Dartmouth Center’s and resources to better energize and organize the ecosystem.
3. Alumni Engagement: Dartmouth has an extensive network of alumni entrepreneurs. The Center continues to engage alumni through its DEN City Chapters, its semi-annual event, the Dartmouth Entrepreneurs Forum, and alumni relation partnerships. Building on the momentum of our two Dartmouth Entrepreneurs Forum events in Hanover and San Francisco, that included a record number of attendees this past fiscal year, with a total of over 1,000 alumni, we launched our DEN West Coast program effort, staffed by a full-time Program Manager and a series of new activities.
4. Community Involvement: The Magnuson Center furthers its involvement as a thought leader in local, regional and international economic development and entrepreneurship efforts by holding and hosting a variety of board positions and events in support of the greater entrepreneurial community. Through this effort, the Magnuson Center will grow and achieve a.) improved community relations in the region; b.) networking support and program connections for entrepreneurs and startups; and c.) thought leadership, programmatic best practices, and competitive benchmarking for our initiatives.
The Magnuson Center is currently located at 4 Currier Place. The facility serves as both a workspace for its members and for its professional staff. Magnuson Center programs are delivered throughout campus, at locations such as Thayer, Tuck, and Geisel in an effort to expand our outreach and conveniently meet stakeholders where they commonly gather.
In 2021, the Magnuson Center will move into a state-of-the-art building, currently under construction, at the west end of campus, the nexus of technology and business education at Dartmouth. The 160,000-square-foot building—adjacent to the Tuck School of Business and the Arthur L. Irving Institute for Energy and Society— will also house the Department of Computer Science and a large portion of Thayer School of Engineering. Inviting students and faculty from all five of Dartmouth's schools to explore entrepreneurial opportunities, the new building will be ground zero for interdisciplinary ventures and creative collaborations at Dartmouth.