University Receives $1 Million Donation to Fund Center for Entrepreneurship

Montclair State University today announced the creation of the Center for Entrepreneurship at the School of Business. A $1 million gift from the Mimi and Edwin Feliciano will fund the innovative new center and its entrepreneurial development program, which will support the University’s commitment to preparing students for success in today’s highly competitive global economy.

A member of Montclair State’s School of Business Advisory Board since 2009, Mimi Feliciano is the chief executive officer of Lincoln Park Healthcare, a family-owned and operated company that provides rehabilitative, hospice, and residential nursing care. Edwin Feliciano, a 1982 Montclair State graduate, is the company’s vice president of marketing.

“Thanks to the generosity of the Felicianos, entrepreneurship will become an integral component of the management education experience for students at the University’s School of Business,” said Montclair State University President Susan A. Cole. “The new Center for Entrepreneurship will serve as an invaluable resource, providing graduates in Business who are capable of implementing innovative concepts in a real-world environment.”

“Eddie and I are entrepreneurs at heart and wanted to provide a network of resources and support for the next generation of entrepreneurs,” said Mimi Feliciano. “For us, it’s exciting and inspiring to be part of an initiative that will empower students to fulfill their entrepreneurial dreams.”

School of Business Dean E. LaBrent Chrite noted that, “Whether a student is interested in working with a Fortune 100 corporation or starting his or her own enterprise, the principles of entrepreneurship will define the academic experience at Montclair State University’s School of Business and be assimilated throughout the course of study. The Center will reflect the dynamism of the entrepreneurial process evident in today’s marketplace by teaming traditional classroom-based coursework with experiential, action-based opportunities. Under the direction of faculty members, entrepreneurs, and business professionals, and with the support and guidance of critical external stakeholders, students will gain deep exposure to the concepts of new venture creation.”