In 2010 and 2011, the Luther College E Club recognized outstanding leaders in the organization and awarded an E Club Entrepreneurial Leadership Prize, which includes a monetary prize of $400 or more, funded by an anonymous donor and former E Club members. The E Club Entrepreneurial Leadership Prize is given to a current E Club member in recognition of their leadership contributions during their time at Luther and particularly the past year. Club members nominate and participate in the selection of the winner along with the E Club faculty adviser.

The 2011 award was awarded to Rachel Jungwirth. Jungwirth joined the E Club in 2010 and has been an active member on the group's executive board ever since. She is a double major in communication studies and management and was part of a select group of E Club members who traveled to Chicago for the National Collegiate Entrepreneurship Organization conference in 2010 and to Forth Worth for the National Collegiate Entrepreneurship Organization conference in 2011.