In the spirit of engaged scholarship, the School of Business and Economics is committed to transfer of knowledge into practice and society at large. In the course of research communication, the SBE pursues the goal of making research results usable outside the academic context. The SBE Advisory Board acts in a consultative and advisory position to the school with the aim to inform and further strengthen the engagement between the SBE and businesses, economy, politics and society at large. In the area of entrepreneurship, students and staff of the University of Münster receive support in implementing their business ideas. With the awarding of transfer prizes, the SBE acknowledges the importance of the creation of application-oriented research results by students and young researchers.