Wayne State University Receives $10,000 to Support Michigan Israel Business Bridge Internships

DETROIT, Jan. 5, 2011 /PRNewswire-USNewswire/ -- Wayne State University's School of Business Administration received $10,000 to award to students who participate in the Michigan Israel Business Bridge internship program.

The William Schumer Scholarship provides funding for an MBA intern to work with the Michigan Israel Business Bridge (MIBB). For the next two years, one outstanding student will be awarded $2,500 each semester along with the option to earn up to six credits for the internship.

Selected students will gain the advantage of an invaluable learning opportunity, working side-by-side with MIBB business development experts, as well as top industry leaders from Michigan and around the world. MIBB is an organization that facilitates business development and technical collaboration between Michigan- and Israel-based companies. MIBB holds regular Michigan-Israel business exchanges and facilitates missions to Israel.

"The partnership with WSU has been very beneficial for both parties," said Pam Lippitt, MIBB executive director. "Interns gain real-life business experience and develop networking skills while helping the MIBB realize its goals as well."

The intern will work as a strategic research analyst, reviewing new technological patents from Israel to see if they can be successfully commercialized here in southeast Michigan. If a new technology is deemed a good candidate for a business startup in Michigan, the analyst will work with faculty and MIBB to recruit possible business partners.

Edward Rosenbaum, partner in Rosenbaum, Rollins & Associates, C.P.A. and owner of Abby Park Senior Specialty Services, LLC., is also funding a paid intern to work with the MIBB. Rosenbaum is a WSU alumnus and longtime supporter of the WSU School of Business Administration.

"We are committed to creating opportunities for our students to gain relevant experience beyond the walls of our classrooms," said David Williams, dean, WSU School of Business Administration. "The kindness of those like Edward Rosenbaum and the William Schumer family make unique opportunities like this partnership with MIBB possible for our students. We couldn't do it without them."

The internship is offered to students who have demonstrated excellent leadership skills and the ability to interact effectively with executives and senior leaders. Students are encouraged to apply through the WSU School of Business Administration Nonprofit Internship Scholarship Program (NISP) in the school's Career Planning and Placement Office. NISP is a scholarship program established to recognize scholastic achievement, to encourage continued academic progress and pursuit of an internship and to provide assistance to students in financing their education in the School of Business Administration.

Wayne State University is a premier urban research institution of higher education offering more than 400 academic programs through 13 schools and colleges to nearly 32,000 students. The School of Business Administration at Wayne State University provides quality business education through degree programs accredited by AACSB International. Learn more at www.business.wayne.edu.

About the Michigan Israel Business Bridge

The Michigan Israel Business Bridge is a nonprofit, membership-based, 501(c)(6) "connector" organization dedicated to promoting business partnerships between Michigan and Israel. MIBB brings new business to Michigan by connecting Israeli businesses to its network in Michigan for the purpose of generating wealth, jobs and new opportunities. Israel has more than 3,000 companies centered on life sciences, homeland security, alternative energy, water technology and agro-technology, with more engineers and scientists per capita than any other country. MIBB was co-founded in 2007 by Chuck Newman and Susan Herman, with the backing of successful businesspeople of Michigan. In just two years, more than 200 members have joined the MIBB.  For more information, visit www.michiganisrael.com.

SOURCE Wayne State University