# The W. R. Berkley Innovation Labs' $300K Entrepreneurs Challenge is featured; Prof. Cynthia Franklin and Rahul Kumar (BS '13), a Social Venture Competition winner, are interviewed

1 School News March 13, 2017 ![EBS Korea logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/ebskorea192x144.jpg?itok=YSJl6Zny)>

Excerpt from [EBS Korea](https://www.youtube.com/watch?v=NKaQ3RtFTgk&feature=youtu.be&t=33m4s) -- "'Failure is definitely an important part of it. Otherwise, you don't learn. But, as far as the motivation behind doing this project, it is not the money.' - Rahul Kumar (BS '13) '...Everybody who enters the competition... is not going to go on after the competition and start a business. But that's OK, because, more importantly, we're looking for people who are innovators, they understand the process of vetting ideas, and just going forth and just being more comfortable creatively.' - Professor [Cynthia Franklin](http://www.stern.nyu.edu/faculty/bio/cynthia-franklin)"

[Watch the video](https://www.youtube.com/watch?v=NKaQ3RtFTgk&feature=youtu.be&t=33m4s)