Entrepreneurship as an academic field of study is quite young. It was in the 70s and 80s when business schools began to offer courses focusing on entrepreneurship. Within the Academy of Management, Karl Vesper formed an Interest Group on Entrepreneurship which achieved full status as the Entrepreneurship Division in 1987. In regards to scholarship, the Journal of Small Business Management started in 1963 while the American Journal of Small Business, started in 1976, changed to Entrepreneurship: Theory and Practice in 1988. The Journal of Business Venturing was started in 1985 by Ian MacMillan under the sponsorship of the Wharton School while Small Business Economics was started in 1989 by Zoltan Acs and David B. Audretsch. A number of specialized journals started, including Small Business Strategy (1990), Family Business Review (1988), and Entrepreneurship and Regional Development (1989). In the 21st Century, some of the prestigious research universities in the U.S., such as Indiana University, University of Colorado, and Syracuse University developed Ph.D. programs in entrepreneurship in order to prepare the next generation of scholars and researchers. The academic study of entrepreneurship will continue to grow and while it is still a developing field it will have even greater impact in the future.