Farrell Center for Corporate Innovation and Entrepreneurship
The Farrell Center for Corporate Innovation and Entrepreneurship was formed in 1992 through a generous endowment from Michael J. Farrell, President and Chief Executive Officer of Farrell and Company, an investment banking firm specializing in manufacturing. Mr. Farrell envisioned promoting and supporting entrepreneurship and innovation as fundamental management disciplines that can be applied at any scale of enterprise, from start-up companies to global corporations. The Farrell Center has three major roles within Penn State’s Smeal College of Business: the creation and management of educational programs in corporate innovation and entrepreneurship, research, and outreach.
The Center is dedicated to enabling and cultivating industry partnerships to benefit companies, students, and faculty. As such, participating companies may benefit from the talents, skills, and expertise of our students and faculty through an array of partnership opportunities. The Center fosters partnerships by providing an engaging portfolio of educational opportunities, research initiatives, consulting programs, events, and other collaborative solutions to help companies and students improve their innovativeness and successfully launch new ventures. The Center is also uniquely dedicated to teaching students about corporate innovation and entrepreneurship to provide them with the skills, knowledge, and experience to prosper in today’s business world.