Jindal School Now – July 2017

U.S. News & World Report Ranks Jindal School Among Nation’s Elite

Jindal School of Management
The Naveen Jindal School of Management

The UT Dallas MBA Program at the Naveen Jindal School of Management ranks among the nation’s best, according to U.S. News & World Report’s

2018 Best Business Schools Rankings released in March.

The Jindal School stands at No. 20 in the part-time MBA program rankings, placing it among the top 5 percent of business schools. The school has the second-highest ranking in Texas, behind only The University of Texas at Austin, ranked 10th. Rice University stands at No. 24. Among all public schools, JSOM tied with the University of Florida at No. 13.

In the rankings of full-time MBA programs, the Jindal School tied with Texas A&M’s Mays Business School at No. 38. That puts JSOM in the top 8 percent of public and private business schools nationwide. The only other Texas schools ranked higher are UT Austin at No. 17 and Rice University at No. 29. Among its public school peers across the nation, JSOM ranked No. 16.

“These rankings underscore what we already know. Our MBA programs provide our students with a top-notch education that is consistent with what top employers expect,” said Dr. Hasan Pirkul, Jindal School dean and Caruth Chair.

In the information systems rankings, the Jindal School is No. 16. The only other Texas school in the ranking is UT Austin, which ranked at No. 3.

Deans and MBA program directors from the list of schools surveyed voted to determine the specialty rankings. They were asked to rank up to 10 programs for excellence.

The Jindal School is No. 20 in this year’s production/operations MBA specialty ranking. The only other Texas school to rank higher is UT Austin, which placed at No. 13.

To compile the rankings, U.S. News & World Report sent surveys to the 471 MBA programs accredited by the Association to Advance Collegiate Schools of Business International. Of those, 377 responded, and 131 provided enough information to be ranked.

UT Dallas Tops U.S. News’ MBA List for High Salaries, Low Student Debt

Naveen Jindal School of Management
Naveen Jindal School of Management

The University of Texas at Dallas Naveen Jindal School of Management is No. 1 in a U.S. News & World Report Top 10 Short List of ranked business schools that compares the average starting salary of MBA graduates to average student loan debt.

U.S. News recently drilled into the same data that had determined its 2018 Best Business Schools. UT Dallas tied for 38th out of 471 business schools in that ranking, putting it in the top 8 percent. The analysis revealed that MBA graduates from the Naveen Jindal School of Management have the best salary-to-debt ratio of any ranked school, giving them a leg up on students from other business schools in terms of entering the workforce well-positioned to manage student-loan debt.

Students who graduate with an MBA degree from JSOM earn an average starting salary of $86,644 with an average debt of $7,132 — an earnings-to-debt ratio of 12.148. (At the Jindal School, the average MBA starting salary with signing bonus is $90,631). That number far outpaces the next best ratio of 5.818. The average ratio for ranked business schools that reported these data is 1.986.

“Debt burden is an important consideration when deciding on a business school,” said Dr. Monica Powell, the Jindal School’s senior associate dean. “Increasingly, MBA students elsewhere are graduating with six-figure student loan debts, amounts that are often higher than their starting salaries. Our graduates can begin their careers without having to face such a significant concern.”

New Jindal School Degree Fills Need for Human Resource Talent

Jeff Weekley
Jeff Weekley

The Jindal School is launching a new undergraduate degree program this fall aimed at increasing the number of business graduates with expertise in human resource management.

The Bachelor of Science in Human Resource Management will be a 120 semester credit-hour program that combines business core classes with specialized training in human resource management, said program director Dr. Jeff Weekley, PhD’86, clinical professor in organizations, strategy and international management.

Weekley said the program will prepare students for careers as compensation analysts, recruiters, training coordinators or employee-relations specialists — roles that offer advancement into higher-level HR positions.

Weekley and his team have assembled an advisory board of chief human resources officers from various companies including Texas Instruments, Lennox, State Farm and Cinemark to review the curriculum, provide site visits and speakers, and help launch the program.

“They’ve all confirmed the gap between demand and supply,” Weekley said. “In Texas, there are about a dozen or so HR management programs, but they’re almost all south of the Metroplex. If you project the demand for entry-level HR jobs here in DFW, the shortfall is about 600 employees.”

He said the program is mostly modeled on curriculum guidelines set forth by the Society for Human Resource Management (SHRM).

HR-related extracurricular activities at UT Dallas include the Society for Human Resource Management at UT Dallas, an active, well-regarded student chapter of SHRM, and DallasHR, a local SHRM affiliate that does student outreach.

According to Weekley, research is beginning to show the impact of human resources practices on company performance and even stock valuations.

“If you get it right, you can generate a lot of excess value,” he said.

New Certificate Program Gives MS in Accounting Students a Glimpse into Research Rigor

Suresh Radhakrishnan
Suresh Radhakrishnan

A new certificate program at the Jindal School will help accounting graduate students learn how to become proficient researchers.

Beginning this fall, JSOM will offer the Research Foundations in Accounting Certificate, a 15-hour, two-semester program (fall and spring) designed to help master’s in accounting students understand the rigors of quantitative research. Students will learn the tools and skills they need to pursue PhD programs related to accounting. Five three-hour courses include a doctoral writing and teaching seminar, advanced managerial economics, econometrics, and special topics courses.

“If you look at the sciences, the typical progression of knowledge is undergraduate work, then you do your master’s in a specific field, and then you move over to your PhD and dive deep into that focused field,” said Dr. Suresh Radhakrishnan, Constantine Konstans Distinguished Professor of Corporate Governance and Accounting, who is director of the program.

“Accounting is more like medicine in that you have clinical and research sides,” Radhakrishnan said. “Rules in public accounting change so rapidly that students have to focus their education much more on applied accounting than on its theoretical aspects in order to become prepared to pursue career opportunities in that field.

“This certificate program is basically a bridge. We are trying to help accounting graduate students understand what it means to employ scientific rigor in academic research so that they can make a more informed choice as to whether they want to pursue a PhD. If they decide to do so, this program will give them a good foundation from which to build upon.”

University and JSOM Officially Mark Launch of New Space for Entrepreneurs

The ribbon-cutting for UT Dallas Blackstone LaunchPad included (back row, from left) Bryan Chambers, program director; Dr. Hasan Pirkul, dean of the Jindal School; Dr. Mark Spong, dean of the Erik Jonsson School of Engineering and Computer Science; Steve Guengerich, executive director of the Institute for Innovation and Entrepreneurship; John Bartling Jr., president and CEO of Invitation Homes; (front row, from left) Rafael Martín, interim vice president for research; Bill Stein, Blackstone’s senior managing director of real estate; and Alisha Chaudry Slye, global director of Blackstone LaunchPad.
The ribbon-cutting for UT Dallas Blackstone LaunchPad included (back row, from left) Bryan Chambers, program director; Dr. Hasan Pirkul, dean of the Jindal School; Dr. Mark Spong, dean of the Erik Jonsson School of Engineering and Computer Science; Steve Guengerich, executive director of the Institute for Innovation and Entrepreneurship; John Bartling Jr., president and CEO of Invitation Homes; (front row, from left) Rafael Martín, interim vice president for research; Bill Stein, Blackstone’s senior managing director of real estate; and Alisha Chaudry Slye, global director of Blackstone LaunchPad.

UT Dallas and the Naveen Jindal School of Management recently celebrated a ribbon cutting for the new home of Blackstone LaunchPad, a campus-based entrepreneurship program designed to mentor and support students, faculty, staff and alumni looking to launch their own companies.

At the ceremony for the new 5,000-square-foot space on the ground floor of Parking Structure 3, Rafael Martín, interim vice president for research, highlighted the connection between the vision of UT Dallas founders Cecil H. Green, J. Erik Jonsson and Eugene McDermott, and the Blackstone LaunchPad initiative, funded in collaboration with the Blackstone Charitable Foundation.

“Our founders were entrepreneurs, and our growth as an institution is a testament to the entrepreneurial spirit that they imprinted on our institutional DNA,” Martín said.

Blackstone LaunchPad operates under the umbrella of the Institute for Innovation and Entrepreneurship (IIE), the cross-disciplinary campus initiative that also oversees the Venture Development Center. Headquartered in the Jindal School, IIE is actively involved with JSOM’s academic entrepreneurial programs, both undergraduate and graduate.

Blackstone, a New York-based investment firm, founded its philanthropic arm Blackstone Charitable Foundation in 2007. Since 2010, the foundation has funded LaunchPad programs at 20 universities in the United States and Ireland.

Last year, the foundation donated $3 million to launch LaunchPad programs at three schools in Texas — UT Dallas, UT Austin and Texas A&M — aimed at helping an estimated 130,000 students explore entrepreneurship as a career path. Over the next three years, the three programs are projected to generate nearly 4,000 new ventures and 9,000 new jobs in the Lone Star State.

UT Dallas matched the foundation’s $1 million grant for the campus’ Blackstone LaunchPad, providing a combined $2 million in funding over three years.

A Healthy Outlook at the New Center for Healthcare Leadership and Management

Britt Berrett
Britt Berrett

Fast-growing, appealing to diverse audiences and yet united in their efforts to make UT Dallas a thought leader in their discipline, the healthcare management programs at the Naveen Jindal School of Management have banded together to create a new Center for Healthcare Leadership and Management (CHLM), which formally debuted April 20.

“The center is intended to bring all of the faculty together, reach out to many of you that are in industry and invite you to speak and lecture and be part of this great effort,” Dr. Britt Berrett, PhD’09, center director, told an audience of healthcare professionals, students and professors gathered at JSOM to mark the occasion with a brief program and reception.

Referring to the BS in Healthcare Management program, which he also directs, Berrett told the audience that “we started the program about a year-and-a-half ago, and already we have over 350 undergraduate students that are healthcare management declared.”

He added that finding internships and job shadowing will be an important part of enlightening those students when it comes to opportunities in healthcare.

Other JSOM healthcare management programs are the:

Faculty News and Achievements

Jindal School Professor Honored as POMS Fellow

Kathryn E. Stecket
Kathryn E. Stecket

The Production and Operations Management Society (POMS) conferred its highest recognition on Dr. Kathryn E. Stecke, Ashbel Smith Professor of Operations Management in the Jindal School, at its recent 28th annual conference in Seattle.

Stecke was named a POMS Fellow, a lifetime honor that recognizes members who have made outstanding intellectual contributions to the profession and society through their research and teaching. POMS Fellows are selected annually through a nomination and selection process undertaken by previously named fellows. Stecke was this year’s sole honoree.

“Kathy received the POMS Fellow award because of her research and service contributions to the production and operations management profession,” said Dr. Sushil Gupta, executive director of POMS, who teaches in the College of Business Administration at Florida International University in Miami. “She is regarded as a POM thought leader around the world.”

Stecke said she is honored to be a POMS Fellow. A POMS member since its first meeting in 1989, she has run several of the annual POMS conferences and served on a number of its boards and committees, including the board of directors.

“While there were more than 10 excellent nominees, your record stood out,” Dr. Kalyan Singhal, chairman of the awards committee and founder and editor-in-chief of Production and Operations Management journal, wrote in his letter notifying Stecke of her selection.

Stecke is an internationally recognized flexible manufacturing and supply chain scholar. She speaks around the world about issues related to supply chain management, operations and marketing interface, flexible manufacturing systems, and seru, a Japanese organizational and production system that focuses on electronics product assembly. She also has published numerous papers in journals on multiple aspects of these topics.

Jindal School Faculty Member Earns Second Top Financial Executive Award from D CEO

Dennis McCuistion
Dennis McCuistion

D CEO magazine recently selected Jindal School faculty member Dennis McCuistion as one of the Top Financial Executives in North Texas for 2017. The magazine awarded him the top spot in the Excellence in Corporate Governance category.

McCuistion, clinical professor and executive director of the Institute for Excellence in Corporate Governance, also won the award in 2014.

“Even though I get the awards, a lot of credit goes to our staff, advisory board and members,” he said. “We have a great staff and an outstanding 15-person board. They all have been very instrumental in helping expand the product that we’re delivering here at the IECG.”

Dr. Hasan Pirkul, Jindal School dean and Caruth Chair, has been very supportive of the institute, McCuistion said. He and the late Professor Constantine (Connie) Konstans (1935-2013), who founded the IECG, were instrumental in turning it into “the leader in corporate governance in this part of the world,” McCuistion said.

A former bank CEO, McCuistion also has served on more than a dozen public, private and not-for-profit boards. Although most people are asked to serve on a board for their expertise in a specific business area like accounting, finance, manufacturing, marketing, sales or operations, he believes that having knowledge about governance will inform the decisions made in all those areas and keep board members from making mistakes.

In addition to his teaching and administrative duties, McCuistion hosts and is executive producer of a long-running, eponymous TV show on KERA-TV.

JSOM faculty members have won five Top Financial Executives awards from D CEO since the awards’ inception in 2011, including Konstans, accounting adjunct lecturer Roy Rumbough and Richard Bowen, a senior lecturer in accounting.

Entrepreneur Joins Management School as Institute’s New Director

Steve Guengerich
Steve Guengerich

One of the leaders of Austin’s robust tech startup scene has moved to North Texas to join the faculty of UT Dallas as executive director of the Institute for Innovation and Entrepreneurship (IIE).

Steve Guengerich brings a wealth of knowledge, connections and expertise from his more than three decades of experience as an entrepreneur, investor, mentor, author and educator. He has been a director and remains a mentor at Capital Factory, an Austin-based technology incubator and working space. As principal at Powershift Group, a venture development group, he helped launch companies such as Appconomy, Moxie and Nano Global. He has authored or published 12 books and dozens of articles about business innovation and information technology.

His arrival coincided with the grand opening of Blackstone LaunchPad at UT Dallas. The LaunchPad co-working space and accelerator helps the institute realize its vision of being the one-stop shop for assisting students, faculty, staff and alumni to launch new businesses.

IIE’s mission, Guengerich said, is about “enabling the next generation’s startups. By ‘next generation,’ I mean two things. First, the next generation of young men and women who we are educating at UT Dallas to become the future leaders in business, nonprofit organizations and civic institutions. Second, by doing our job at the IIE well, we will play a role in helping our students and others become the inventors and founders of some of tomorrow’s most important next-generation new businesses in healthcare, transportation, ecommerce or technology.”

In addition to his duties helming all the campus entrepreneurship efforts, Guengerich also will serve as a clinical associate professor in the Organizations, Strategy and International Management Area of the Naveen Jindal School of Management.

University Honors Jindal Professor With Teaching Award

Kathy Zolton
Kathy Zolton

Accounting Senior Lecturer Kathy Zolton was one of five UT Dallas educators who received President’s Teaching Excellence Awards for their outstanding efforts in the classroom.

Recognized at an April reception hosted by the campus Center for Teaching and Learning, the award recipients also received medallions at the University’s annual Honors Convocation on May 10.

Zolton, a certified public accountant who began teaching at the Jindal School in 2012, earned the President’s Teaching Excellence Award in Online/Blended Instruction. She said the key to online courses and asynchronous learning is to help students feel that they are all together on the same path at around the same time. She tackles this challenge through communication and timely feedback. She also incorporates successful methods from her live classes.

“In each of my classes, I utilize a combination of music, videos and toys to help students visualize concepts that are theoretical in nature,” Zolton said. “UTD has a great team of instructional designers that can make anything possible. I’ve had a couple of days of them filming me so that online students get the same visual experiences as my live-class students.”

Zolton previously earned an Outstanding Accounting Educator of the Year Award from the Texas Society of CPAs in 2015. She also is the driving force behind JSOM’s Volunteer Income Tax Assistance (VITA) program, which both trains student volunteers and offers free tax-prep services to qualified students and community members.

UT Dallas Confers Highest Academic Distinction on Jindal School Professors

The University of Texas at Dallas recently held an investiture ceremony to honor faculty appointed to named and endowed positions — chairs that confer the University’s highest academic distinction on their holders. All four Jindal School professors honored this year are prolific researchers who have been published in and served as co-editors, associate and/or assistant editors and reviewers in numerous academic journals related to their areas of interest.

The newest endowed and chaired Jindal School professors are:

Alain Bensoussan
Alain Bensoussan

Dr. Alain Bensoussan

Title: Professor, Risk and Decision Analysis

Chair: Lars Magnus Ericsson Distinguished Chair

Research Area: Risk Management

Notable:

Bensoussan joined UT Dallas in 2004 as an Ashbel Smith Professor. He heads the Jindal School-based International Center for Decision Risk and Analysis and is devoted to developing that scholarly area into a scientific field. His interest in risk blossomed during a career in the space sector. He chaired the European Space Agency Council from 1999 to 2002, headed the French Space Agency from 1996 to 2003 and received the NASA Distinguished Public Service Medal in 2001. Awards include the W.T. and Ida Reid Prize from the Society of Industrial and Applied Mathematics and the Von Humboldt Research Award, and funding from the National Science Foundation, the state of Texas and European agencies. The American Mathematical Society has named him a fellow.

Sanjay Jain
Sanjay Jain

Dr. Sanjay Jain

Title: Professor, Marketing

Chair: O.P. Jindal Distinguished Chair

Research Area: Competitive Strategy, Behavioral/Experimental Game Theory

Notable:

Jain arrived at UT Dallas in 2016 after holding the JCPenney Endowed Chair in Marketing and Retailing Studies at Texas A&M University’s Mays Business School. He also taught at the University of Maryland and Purdue University. He twice won the INFORMS Society of Marketing Science Practice Prize Award and won the Outstanding Service Award from Management Science three times. He sits on the editorial review board of the Journal of Marketing Research

Ganesh Janakiraman
Ganesh Janakiraman

Dr. Ganesh Janakiraman

Title: Professor, Operations Management

Chair: Ashbel Smith Professor

Research Area: Stochastic Inventory Theory and Procurement Auctions

Notable:

Janakiraman, who joined the faculty in 2009, has served on the University’s Faculty Senate. Prior faculty positions include New York University’s Stern School of Business and Cornell University’s School of Operations Research and Information Engineering. Recognitions and honors include a Meritorious Service Award for service as a reviewer from the Manufacturing and Service Operations Management Society, Outstanding Teacher Assistant Award from Cornell University and the Optimization Prize for Young Researchers from the INFORMS Optimization Society.

Srinivasan Raghunathan
Srinivasan Raghunathan

Dr. Srinivasan Raghunathan

Title: Professor, Information Systems

Chair: Ashbel Smith Professor

Research Area: Economic Implications of Information Technology-Enabled Business Phenomena

Notable:

Raghunathan came to UT Dallas in 1999. He has served as area coordinator for information systems and supervised PhD students, and increased graduate enrollment from 120 to 800 and undergraduate enrollment from 100 to 400. He launched the Master of Science in Business Analytics and several certificate programs. He also established an industry advisory board. Awards include best paper from the Secure Knowledge Management Workshop and Workshop on Information Technologies and Systems, and Good International Business Scholar Award and a Robert A. Patton Scholarly Achievement Award, both from Bowling Green State University.

Student News

Jindal School Student Earns Campus and Professional Recognition

Jessica Munoz
Jessica Munoz

Jindal School marketing student Jessica Munoz last spring earned both the campus-wide Student Diversity Award and the DFW American Marketing Association Collegiate Marketer of the Year award.

“Jessica has been an active leader on campus,” said Raul Hinojosa, director of community engagement in the UT Dallas Office of Diversity and Community Engagement. “She is an admired leader across campus. She pushes herself to be part of a diverse set of organizations and to take a genuine interest in people who are different from her.”

Munoz is the fifth Jindal School student to earn the Collegiate Marketer of the Year Award. Since Joshua Joseph, BS’12, picked up the inaugural honor in 2012, JSOM marketing students have earned all but one of the competitive CMOY awards.

Munoz, who will graduate next year, earned admiration from Dr. Julie Haworth, the BS in Marketing program director. “Her unique skills include her drive and professionalism, as well as her patience and warm personality,” Haworth said.

“I never imagined I would be able to attend college, so to be receiving these two awards is an extreme honor to me; and they motivate me to continue to work hard to accomplish my dreams,” Munoz said. “I want to help give hope to other students who may not believe that scholarships or getting recognitions in their field is possible for them.”

In addition to her role as the vice president for programming of the campus AMA chapter, Munoz is involved in the Sigma Lambda Gamma sorority on campus, where she serves as alumni relations chair. “As the largest Latina-founded, multicultural membership sorority in the nation, we strive to empower women of all backgrounds,” Munoz said.

Two Jindal School Graduate Students Awarded Schweitzer Fellowships

Asha Vadlamudi
Asha Vadlamudi

Jindal School student Asha Vadlamudi recently joined fellow JSOM student Jazzmyn Wilson as the first UT Dallas recipients of an Albert Schweitzer Fellowship. Vadlamudi and Wilson were chosen as members of the 2017-2018 class of Dallas-Fort Worth Albert Schweitzer Fellows, a select group of graduate and medical students who will create healthcare-oriented community service projects.

Jazzmyn Wilson
Jazzmyn Wilson

The fellowship program is named for the legendary physician and Nobel Peace Prize recipient Albert Schweitzer (1875-1965), famed for committed medical service to people in need. The DFW chapter of the Schweitzer Fellowship Program usually awards nine to 12 fellowships annually. The award carries a $2,500 stipend recipients use to design and carry out a project addressing an unmet health need in an underserved community.

A double-degree seeker enrolled in the Jindal School’s MBA and MS in Healthcare Leadership and Management programs, Vadlamudi’s fellowship project will implement a disease-management and prevention program for older adults in North Dallas at the Wellness Center for Older Adults. She plans to conduct free weekly health clinics, which will provide health screenings and key indicator measurements such as blood pressure and weight.

In addition, Vadlamudi says, “the program will educate participants about healthy living habits and medication management, which will help to keep their diseases at a manageable level. The participants also will take part in free exercise classes and nutrition workshops in which they will be motivated to stay active.”

Wilson, an MBA and MS in Information Technology and Management student, is addressing a health and wellness need in South Dallas. Specifically, she says, “I want to address the food desert of South Dallas and help rebuild the connection between the young residents of South Dallas and city institutions, such as Frazier Revitalization and the Diabetes Health and Wellness Initiative [part of Baylor Scott & White’s Southern Sector Health Initiative]. … I want to improve access to healthy food and at the same time foster healthy habits.”

She is hopeful her fellowship project will broaden students’ relationship with nutrition awareness.

As part of her program, she plans to take eighth- through 12th-grade students to an urban farm created at Paul Quinn College to help address local food-desert issues.

Jindal School Student Receives Award for Insights About Physician Leadership

Zachary Mauricio
Zachary Mauricio

A Jindal School BS in Healthcare Management student recently earned recognition at a national meeting of the American College of Healthcare Executives for a winning essay he wrote about leadership challenges facing the industry.

Zachary Mauricio, a junior, placed second and won $2,000 in the undergraduate division of the Richard J. Stull Student Essay Competition in Healthcare Management. He picked up his honors in Chicago in March at the healthcare executives’ three-day Congress on Healthcare Leadership.

A 40,000-member international professional organization devoted to advancing healthcare management excellence, ACHE organizes the annual Stull competition. It provides students an opportunity to engage with industry leaders and to vie for ACHE’s most prestigious student award.

Mauricio’s paper, “Quality Labor Program: Physician Leadership Following the Medicare Access and CHIP Reauthorization Act (MACRA),” points out the importance of allowing physicians to become more like managers to facilitate the industry’s transition from fee- to quality-based models.

Dr. Britt Berrett, PhD’09, director of the undergraduate healthcare management program, was thrilled about Mauricio’s win. “The student essay is a nationally recognized award for exemplary academic scholarship,” he said. “Students from across the country are challenged to consider contemporary healthcare issues — and to provide their thoughts and insights. … It is a very insightful and purposeful essay.”

Marketing Student Triumphs in Two Sales Competitions

Ndackyssa Oyima-Antseleve (left) and Nam Nguyen (right) with Dr. Liping Ma
Ndackyssa Oyima-Antseleve (left) and Nam Nguyen (right) with Dr. Liping Ma

Jindal School marketing student MaKayla Forsberg recently earned top awards in two sales competitions. She picked up the Sales Cup in JSOM’s spring Pro Sales Challenge after being named top competitor in the sophomore/freshman division at the University of Toledo Invitational Sales Competition in Ohio.

The UT Dallas team placed second in a field of 30 universities at the invitational. Forsberg’s top sophomore designation was the second in a row for a Jindal School competitor. Last year, Sam Konings, also a marketing major, brought home the title.

Technically a Jindal School junior, Forsberg competed in the UTISC sophomore/freshman division based on the number of higher education hours she had earned going into the tournament. JSOM junior sales student Brian Hanks placed fourth in the junior division at UTISC.

Back at UT Dallas, Forsberg won the Sales Cup in March, competing against five other finalists in the two-day competition held by the Jindal School’s Center for Professional Sales. Judges said Forsberg showed great presence, calm and good insight in the role-play portion of the challenge.

Alumni News

Alumni Entrepreneurs Attract $500K Investment

William White
William White

Two recent Jindal School alums who have taken advantage of the robust entrepreneurship incubation and accelerator ecosystem at UT Dallas recently landed a $500,000 investment that values their business at $2 million.

William White and Kiran Devaprasad, both 2016 Executive MBA graduates who also earned MS in Innovation and Entrepreneurship degrees, are the creators of TraceIT, a tracking platform they developed after Devaprasad’s family friends who own a vehicle transport company said they would pay for an app that monitored drivers’ locations.

Vishal Kamble (center) accepting award in Paris
Kiran Devaprasad

Together in JSOM’s Executive MBA program, Devaprasad and White subsequently enrolled in the MS in Innovation and Entrepreneurship (MSIE) program after an entrepreneurship course they took sparked the idea of starting a business.

MSIE students follow either a corporate entrepreneurship or a startup track. Devaprasad and White decided on startup, entering the program with the tracking app concept.

The pair first leveraged resources available through the Institute for Innovation and Entrepreneurship (IIE) to contact prospective customers, conduct research and develop a minimally viable product. Then they entered the 2015 UT Dallas Business Idea Competition — Dallas Mavericks owner Mark Cuban was one of the judges — and won first place and $5,000 in the graduate division.

They used those winnings and almost all the $25,000 they later got through the Startup Launch Funding program to refine their product and then hire a development team to build the platform TraceIT currently uses.

The technology now allows dispatchers and customers to track drivers and loads via a web portal in real time. Likewise, TraceIT simplifies assignments for drivers, assembling job information and messaging in one place.

After settling into an office space via the campus Venture Development Center last year, Devaprasad and White attracted a company that then had a fleet of 350 trucks and has since expanded to 400.

Earning revenue, expanding their customer base and growing their vision, the alums reached another milestone early this year when the fleet-company owner bought into that vision and agreed to a $500,000 investment.

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