Courage Center.

The Courage Center of Global Family Firms at Munich Business School is a joint initiative of Munich Business School and Courage. We established it in 2011 to create cutting-edge knowledge in proprietary research projects, and educate business families and senior executives on strategy, innovation and investments.

The Center represents a unique approach to “Protection & Progress” for business families and their assets, in which the real-life knowledge of family stability & dynamics is combined with deep expertise and academic rigor in the areas of new business creation, portfolio performance and long-term survival of family offices, operational family businesses, equity investments, financial portfolios and family foundations in today’s disruptive environments.

The Center has contributed cutting-edge research in the domains of Global Entrepreneurship (e.g. the book Bergfeld (2009): Global Innovation Leadership – the strategic development of worldwide innovation competence) and has been at the forefront of research regarding the long-term prosperity, entrepreneurship and innovation of family-controlled firms (e.g. winning a Best Poster Presentation Award at the Family Enterprise Research Conference 2011 in Grand Rapids, USA for the paper Bergfeld (2011): Dynamic Dynasties: How Germany’s high-performance Family Firms leverage business opportunities along technology lifecycles).

The Center educates and connects approx. 750 business family members and executives per year by hosting the following conferences and education seminars in Europe, Latin America and Asia:
The center hosts the “Munich Venture Summit” (see:, a global gathering of approx. 250 entrepreneurs, business families, investors and thought leaders, created in 2006, the “Cumbre de Empresas Familiares” (, a leading family business summit with approx. 500 participants in Latin America, as well as the “Dine & Discuss” series, a regular dinner meeting of top-managers and entrepreneurs with the MBA and Master Alumni of Munich Business School.

The Center collaborates very closely with hand-selected international partner institutions, such as, a.o., Singapore Management University’s Institute of Innovation and Entrepreneurship, Management Forum Starnberg (as co-host of the Innovation Summer School), Universidad Francisco Marroquín in Guatemala, and Manchester Business School’s Institute of Innovation Research in the U.K.