Hanseatic University Rostock
Encyclopedia
The Hanseatic University (HU) in Rostock
Rostock
Rostock -Early history:In the 11th century Polabian Slavs founded a settlement at the Warnow river called Roztoc ; the name Rostock is derived from that designation. The Danish king Valdemar I set the town aflame in 1161.Afterwards the place was settled by German traders...

-Warnemünde
Warnemünde
Warnemünde is a sea resort and northmost district of Rostock in Mecklenburg-Vorpommern, situated on the Baltic Sea in the northeast of Germany at the estuary of the river Warnow.- History :...

 was a private university in Rostock
Rostock
Rostock -Early history:In the 11th century Polabian Slavs founded a settlement at the Warnow river called Roztoc ; the name Rostock is derived from that designation. The Danish king Valdemar I set the town aflame in 1161.Afterwards the place was settled by German traders...

, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

. Founded in 2007, it was the second private institution of higher education in Germany to be granted university status by the government. In August 2008, when it had three students, it ceased activities, and it finally closed down March 2009.

History

In 2002, the two business consultants Peter L. Pedersen and Knut Einfeldt took part in a business plan contest by the government of the German state of Mecklenburg-Vorpommern, presented a plan for setting up a private university operated as a business institution, and won the first and third prize.

In 2003, the decision was made to establish the private university in Mecklenburg-Vorpommern, which was then narrowed down to the city of Rostock in 2004. The company set to run the university was formed in September 2004. In spring of 2007, Educationtrend AG, a holding from Hamburg
Hamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...

, bought 97.8% of the shares in the Hanseatic University and, at the same time, increased its share capital. The institution was then granted university status by the state ministry of education in July 2007.

The founding president, Wolf Schäfer, was formerly Vice-President of the Helmut Schmidt University
Helmut Schmidt University
The Helmut Schmidt University , located in Hamburg, Germany, is a German educational establishment that was founded in 1973 at the initiative of the then-Federal Minister of Defence, Helmut Schmidt. Teaching first started in Autumn of 1973...

 of the German Armed Forces in Hamburg
Hamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...

.

The university planned to break even within five years with 700 students paying 7500 euro each per semester. 25 students enrolled, but only five commenced studies in "Business Administration" and "Business Information Technology" in October 2007.

By August 2008 three students were left and it was decided to cease operations. The students were to continue their studies at the International University in Germany, in Bruchsal
Bruchsal
Bruchsal is a city at the western edge of the Kraichgau, approximately 20 km northeast of Karlsruhe in the state of Baden-Württemberg, Germany...

, also owned by Educationtrend AG. However, this university also closed.

As of March 2009, the Hanseatic University Rostock was closed and its website closed down. Professor Heinz Eckart Klingelhöfer and two other former employees sued the university's owner, Educationtrend AG, for damages.

Degrees

Bachelor courses were intended to run for three years (worth 180 ECTS
ECTS
ECTS may refer to:* Elementary cognitive tasks, from psychometrics* Engine coolant temperature sensor* European Calcified Tissue Society* European Computer Trade Show* European Credit Transfer and Accumulation System...

 points) and the master programmes for two years (120 ECTS points), and two faculties were planned: Economics (with studies in Business Administration, Business Information Technology, and Global Management), and Law (planned for winter 2008).

Athletics

The university planned its own Hanseatic Yachting Club for the spring of 2008. Jürgen Knuth, twice world sailing champion, was appointed General Manager for the yachting club.

External links

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