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Rice University is known for its entrepreneurial activity. The [[Rice Business Plan Competition]] has the largest prize of any university competition of its kind, the [[Rice Alliance]] has been ranked the No.1 University Business Incubator in the world for 2013 and 2014 [http://business.rice.edu/Entrepreneurship.aspx].  In the 2016 Princeton Review rankings[http://www.princetonreview.com/press/top-entrepreneurial-press-release], Rice was ranked 6th for graduate entrepreneurship and local rival U of H was ranked 3rd for undergraduate entrepreneurship[http://www.papercitymag.com/culture/surprise-houston-school-stuns-ivy-league-powers-ranks-third-america-entrepreneur-power/].  Rice recently hired Jones Graduate School of Business Professor Yael Hochberg to lead the new campus-wide [[Rice Entrepreneurship Initiative]].