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In 1999, two successful local entrepreneurs, Ken and Shirley Murphy, recognized the opportunity to help other entrepreneurs alleviate some of the problems they had to endure in owning and operating their own business. They saw UNT, their alma mater, as the perfect place to provide students with the foundation for entrepreneurial education. With this in mind, the vision of the Murphy Enterprise Center is to be the premier incubator of entrepreneurial activities for students, faculty and business in Texas. The center has a three-pronged approach. The first is to put students first, providing an entrepreneurship education, internships, scholarships, business plans and interaction with faculty and business mentors. The second is accountability to educators, including provisions for academic leadership, research opportunities and innovative educational programs. The third prong is service to the center's business partners by providing business-world experiences, cost-effective consulting and networking opportunities and by serving as a conduit for cooperative efforts among businesses, the university and the community. Programs range from the annual Shirley Murphy Entrepreneur Contest, a $50,000 spring business competition, to the Murphy Leadership Forum each fall.
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