19 The importance of concerted entrepreneurial educational and industrial development programs

Size: px
Start display at page:

Download "19 The importance of concerted entrepreneurial educational and industrial development programs"

Transcription

1 19 The importance of concerted entrepreneurial educational and industrial development programs Hans Peter Jensen Paper presented at the Conference Internationalizing Entrepreneurship Education and Training, Vienna (Austria), July 5-7, Abstract The presentation refers to ongoing activities and experiences gained at the Technical University of Denmark and by Danish industrial development programs. The objectives of the presentation is to demonstrate the importance of adjusting entrepreneurial education and industrial development to each other in order to enhance recruitment of new knowledge based companies. Further, the sound market regulation of well coordinated education and industrial development programs is pointed out. As most knowledge-based companies have to establish themselves on markets in rapid technological change, capital and competence become equally important factors of success. Capital speeds up establishment. Competence prevents errors and focuses efforts. Brought together, these two resources provide the basis for a quick and targeted launching, which again is decisive when the window to the market is open for such limited time. Advanced entrepreneurial courses provide the knowledge needed to form a new company, but not the experience, and certainly not the capital. Industrial development systems, adjusted to the needs of new knowledge-based companies, provide access to seed capital and management experience. Capital however should be available on a competitive basis 229

2 only and granted only together with whatever supplementary expertise needed to complete the entrepreneurial team. As a consequence of comprehensive entrepreneurial education, new companies are borne with a state-of-the-art knowledge on how to attract capital, how to establish themselves quickly on international markets and how to build up effective management teams. Existing companies have to adjust themselves to same level of competence or to perish. Basically this is a sound regulation, as it helps to develop regional or national competitive power as a whole. It only works however, if the industrial development programs are adjusted to stimulate the formation of new companies, for even the best education cannot replace a general lack of management experience and seed capital. So, if education and industrial development programs are linked, coordinated, and concerted, entrepreneurial education will become an important condition for successfully forming new companies. On the same time it will impress competence as a market regulator. Technology transfer from the Technical University of Denmark Consider the university as a knowledge-producing unit: human, intellectual and financial resources provide the basis for the creation of new technological knowledge, which is transferred to society through a number of outlets. Figure 1 indicates this model. Figure 1 Knowledge from TUD 230

3 DTH : a Producer of Technology Technology Transfer Activities New technological knowledge Dr. techn.s 2-5/yr Ph.D.s App. 100/yr Spin off companies 0-5/yr Money App. 160 mio US $/yr THE TECHNICAL UNIVERSITY OF DENMARK ENGINEERING EDUCATION Advanced Scientific and Technological Research and Development M. Sc.s App. 700/yr People App each day B. Sc.s App. 475/yr Knowledge gained through collaborative efforts, from scientific publications, conferences, International cooperation, etc. What goes in and what comes out? One small outlet represents the formation of new companies. As indicated on figure1, not many companies spin out directly from the university, and we do not envisage any significant expansion of this activity as the main objectives of the university is to educate tomorrows engineers and develop tomorrows technologies. Two considerations however prompt us to engage ourselves in the stimulation of entrepreneurial activities: we do believe that the university should have this outlet in order to help viable product concepts created in the scientific environments to a quick commercialisation, and we do believe that if we develop a tangible token of our sympathy with entrepreneurship, our students will adapt this attitude and engage themselves more readily in creating new companies instead of preparing themselves for a career as employees. Thus, apart from the direct influence on the spin-off activity, we expect our activities and courses to have an impact on the knowledge-based entrepreneurial activities five to ten years from now. The tangible part of our efforts is a business incubator, which we opened in From the start and up to now, some 20 companies have started in this facility. The direct job creation is about 50 jobs. From a modest tart, we hope to develop this business incubator into a real company-producing concept by expanding our market segment from university spin-outs to regional high-tech entrepreneurs and by expanding the number of perspective tenants to a level that will attract investors and business partners, who can help us 231

4 to create a fruitful environment for knowledge based entrepreneurs. Our partner in this project is Hoersholm Research Park. Together, we hope to develop a very interesting three-stage incubation concept as indicated on figure 2, page 2. In order to fully understand our engagement in the stimulation of our students' entrepreneurial spirit, two concerns must be kept in mind: first, entrepreneurial activities are considered much to low in Denmark and second, most high-tech entrepreneurs in our country are graduates from our university. This puts us in a very special position, which we try to exploit by offering our students a high-level entrepreneurial education as well as facilities, guidance and counseling to those ready to start on their own. These activities have brought us into contact with local and international industrial development programs and networks working for the creation of new companies. Information and experience from these sources together with our own reflections and observations form one of the basic points of this presentation: entrepreneurial education and regional industrial development programs must act concerted in order to obtain any significant results. Figure 2 The incubator concept 232

5 THE INNOVATION CENTRE at THE TECHNICAL UNIVERSITY OF DENMARK A three-stage approach to forming succesfull knowledge-based new companies: Spin offs from DTH DTH-dependent new firms ICT: 350 m² Up to 5 small spin offs To other facilities HOUSE OF INNOVATORS at Hoersholm Research Park 1450 m², fully equipped for knowledgebased companies HOERSHOLM RESEARCH PARK 100 Ha, 20 km north of User specified facilities for science-based companies and institutions. A working place for more than 1500 Concerted entrepreneurial education and industrial development programs. Significant results can be termed as more and better companies over a given period. More companies are a tangible result of increased entrepreneurial activities, which again are stimulated by a combination of improved economical conditions, adjusted industrial development programs and good entrepreneurial education at any level. Better companies express a higher rate of success and a higher rate of growth. Again, credit for this development must be given to changes in the general economical conditions, as well as appropriate development programs and good entrepreneurial education. This indicates that in a given economical environment, changes of quantitative and qualitative nature in the formation of new companies rely on the quality and activity of industrial development programs and entrepreneurial education. At this point, let us have a short look at industrial development programs: Jim Greenwood, Executive Director of Los Alamos Economic Development Corp, phrased it very well at the Seventh national Conference On Business Incubation, which was held in Milwaukee in April, this year. In Los Alamos they CARE for businesses. Care is an acronym, which stands for creation, attraction, retention and expansion of businesses. We agree with Mr. Greenwood in his way of phrasing what the society should do to develop it's industry. It also points out that entrepreneurial activities are only a part of the game. 233

6 Another great American, Dr. Kutzmetsky, Austin, Texas has given us a simple yet instructive model of what it takes to create a fertile environment for developing new knowledge-based companies. Dr. Kutzmetsky's principle is indicated on figure 3 together with a somewhat polemic model of the Danish entrepreneurial situation. Figure. 3 Dr. Kutzmetsky's model Knowledge-based Companies are created in a crossfield between Capital Enterprise Erhvervsliv INTELLECT Entrepreneurial invironment in Denmark Enterprise Capital Intellect According to Dr. Kutzmetsky, knowledge-based companies are created in a crossfield between capital, enterprise and intellect. This model ex-plains very well remarkable American phenomena such as Silicon Valley and Route 128. Correspondingly, more unknown regional achievements such as the development of Austin, Texas into one of the most enterprising business communities owe their success to the availability of capital and management-skills to highly creative and well educated people. We regret to admit, that in Denmark only few venture to start knowledge-based companies, and the rate-of-success is not remarkable. If we describe our environments according to Dr. Kutzmetsky's model, we find, that capital is not available until references on market potential and management skills can be produced. At the same time, it is hard to find experienced business people, ready to invest some of their time on the boards of new 234

7 companies. Add to this a general lack of interest in starting companies, particularly among well educated people, and you will recognize the picture in figure 3. We are now getting close to the point: From our side, we can strive for increasing entrepreneurial interest and competence among intellectually gifted and well educated young people. This will bring Intellect closer to Capital and Enterprise in Dr. Kutzmetsky's model. But a really efficient campaign for more entrepreneurship also requires efforts in order to move Capital and Enterprise closer to Intellect. This calls for private and public efforts within the frames of an industrial development program. Over the years, we have had a debate in Denmark on whether the low entrepreneurial activities were caused by a lack of seed capital or a defect in our education system. Each school had its' devotees with the lack-of-capital people as the largest group in numbers and influence. Four years ago, funds were made available to a large venture company together with the responsibility for changing the course. Recently, the company gave up early-stage financing owing to poor results, more or less coinciding with the appearance of entrepreneurial courses in higher education. This example of bad timing owes to the fact, that we have not yet developed a consensus of what it takes to increase the entrepreneurial activity. It takes concerted action: universities must provide high-level courses and support systems that create competence and engagement among those that have the personal gift and talent for starting a company. The industrial development programs must provide seed capital and management skills. If however, initiatives in both sectors are not balanced and coordinated, the result is either frustrated entrepreneurs or disappointed investors, but certainly not more and better companies. Assume now a well balanced and concerted program including seed capital, management skills and entrepreneurial education is implemented in an otherwise stable but unchanging industrial community. Soon, new growth-oriented companies start to develop under the guidance and supervision of experienced tutors and driven by young enthusiastic teams. They bring the latest technologies to the international marketplace, and their growth-rate is basically controlled by the inflow of net capital. Most of you will identify examples from your own regions. The drive and energy together with ample funding and skilled management makes such companies deadly competitors. Existing companies will either vanish or adapt to a new level of business competence, unless they are big enough to buy the newcomers. This example leads us to the first conclusion of this presentation: successful business creation depends on the availability of entrepreneurial education, seed capital and management skills: skills acquired from the education of entrepreneurs and skills provided by senior executives on the boards of the new companies. Altogether, the educational system can produce only part of what it takes to create new viable companies. The rest must be provided by private and public institutions and investors, as well as larger companies. All must work together within the framework of an industrial development program. The second conclusion is, that such coordinated programs will increase the creation of new growth oriented companies, operating at a high level of competence. This again will impress competence as a market regulator, which is basically sound. An important feature of such programs is, that competitiveness and profitability by intelligent use of resources is the driving force as opposed to programs that work by giving new companies special benefits. 235

InnoEnterprise Project Declan Gordon Carroll

InnoEnterprise Project Declan Gordon Carroll InnoEnterprise Project Declan Gordon Carroll InnoEnterprise Project Support to knowledge based and innovative enterprises and technology transfer to business in Ukraine 1.Organising a conduit structure

More information

New Ventures in Silicon Valley and Silicon Beach

New Ventures in Silicon Valley and Silicon Beach New Ventures in Silicon Valley and Silicon Beach THE ENTREPRENEURSHIP PROGRAM at LMU LMU Inside the Management Department in the College of Business One of the Oldest Programs in the Country 44 years Official

More information

British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance

British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance Presenter: Mr.Trevor Simumba, MD Sub-Saharan Consulting Group Zambia Limited Sub-Saharan

More information

Academic to business networks

Academic to business networks 10 Academic to business networks Simon Bond at Bath Ventures on how to make the right contacts Networking is the lifeblood of business. Contacts are currency and connecting with like-minded people can

More information

ELEFTHO : Supporting Business Incubators & technology parks.

ELEFTHO : Supporting Business Incubators & technology parks. ELEFTHO : Supporting Business Incubators & technology parks. Region of Central Macedonia Task Page 1 of 14 Contents Description of policy... 3 Name of the policy... 3 Responsible body... 3 Implementation

More information

How to set up a successful university startup incubator

How to set up a successful university startup incubator How to set up a successful university startup incubator October 2014 Company Proven infactories the US as a model for nurturing young companies, start-up incubators are now thriving in Europe. But is there

More information

How to set up a successful university startup incubator

How to set up a successful university startup incubator How to set up a successful university startup incubator November 2014 Company Proven infactories the US as a model for nurturing young companies, start-up incubators are now thriving in Europe. But is

More information

Summary. and research workers;

Summary. and research workers; Summary The objective of the project Academic entrepreneurship (development of spin -off, spin-out businesses) demand for training supporting its development was to collect data and to analyse it, allowing

More information

TECHNOLOGY MANAGEMENT UC SANTA BARBARA

TECHNOLOGY MANAGEMENT UC SANTA BARBARA TECHNOLOGY MANAGEMENT UC SANTA BARBARA TECHNOLOGY MANAGEMENT An Innovative Approach to Business Education Propelling Graduates to Successful Careers The Technology Management Program (TMP) at UC Santa

More information

REE, 26 October 2005, 2:15pm, Session B Notes Unique Entrepreneurship Courses

REE, 26 October 2005, 2:15pm, Session B Notes Unique Entrepreneurship Courses REE, 26 October 2005, 2:15pm, Session B Notes Unique Entrepreneurship Courses Discussion Ground Rules o Use entrepreneurship in most general way o Use unique in most general way not something that is different

More information

Case Studies in Design Policy & Programmes

Case Studies in Design Policy & Programmes Case Studies in Design Policy & Programmes This case study was developed as part of the SEE project. SEE is a network of eleven European partners sharing experience and stimulating debate on how to integrate

More information

The Foundations of Entrepreneurship

The Foundations of Entrepreneurship The Foundations of CHAPTER 1 The World of the Entrepreneur Every year U.S. entrepreneurs launch 550,000 new businesses. Entrepreneurial spirit - the most significant economic development in recent history.

More information

Q: What type of startups is Intel Capital looking to invest in via the Diversity Fund?

Q: What type of startups is Intel Capital looking to invest in via the Diversity Fund? The Intel Capital Diversity Fund -- Questions and Answers June 9, 2015 Background: On June 9, Intel Capital announced the Intel Capital Diversity Fund the largest venture fund of its kind to invest $125

More information

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT : CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT March 2014 We have been instrumental in Slovakia s efforts to build knowledgebased economy 2015-2020 Science parks 2008-2012 2009-2012 2011-2015 Larger

More information

Entrepreneurship. Entrepreneurship. Innovative. Innovative. Enabling successful enterprise through practical training and development

Entrepreneurship. Entrepreneurship. Innovative. Innovative. Enabling successful enterprise through practical training and development Innovative Enabling successful enterprise through practical training and development Innovative Enabling successful enterprise through practical training and development Enabling Successful Enterprise

More information

The University of Texas at Austin - Portugal An international partnership in graduate education, research, and technology commercialization

The University of Texas at Austin - Portugal An international partnership in graduate education, research, and technology commercialization The University of Texas at Austin - Portugal An international partnership in graduate education, research, and technology commercialization Technical Appendix to the Memorandum of Understanding toward

More information

San Francisco Bay Area Resources for Entrepreneurs

San Francisco Bay Area Resources for Entrepreneurs Introduction Contents San Francisco Bay Area Resources for Entrepreneurs An important element of the Bay Area s Secret Sauce for success is the Area s favorable environment for the development of new and

More information

Silicon Valley s Competition Creating a Technopolis

Silicon Valley s Competition Creating a Technopolis Silicon Valley s Competition Creating a Technopolis Miroslaw Malek Humboldt-Universität zu Berlin Institut für Informatik malek@informatik.hu-berlin.de Silicon Hills, Austin, TX Silicon Hills, Austin,

More information

TOOLKIT 23 INTREPRENEURSHIP: INNOVATE AND REINVENT YOUR BUSINESS

TOOLKIT 23 INTREPRENEURSHIP: INNOVATE AND REINVENT YOUR BUSINESS TOOLKIT 23 INTREPRENEURSHIP: INNOVATE AND REINVENT YOUR BUSINESS Bring Silicon Valley into your business. Create new exciting products and services. Unleash the entrepreneurial and innovative spirit in

More information

Implementing Entrepreneurship Programs Utilizing a Change Management Model

Implementing Entrepreneurship Programs Utilizing a Change Management Model Implementing Entrepreneurship Programs Utilizing a Change Management Model Presented By Mary M. Secor Executive Director of Workplace Learning Crisis Prevention Institute msecor@crisisprevention.com Implementation

More information

Success of international peripatetic creative industries events taking place in Scotland

Success of international peripatetic creative industries events taking place in Scotland Creative Scotland and Scottish Enterprise Partnership Agreement Addendum This addendum to the Partnership Agreement between Creative Scotland and Scottish Enterprise sets out our respective actions and

More information

Russia USA Science to Innovations Accelerator (RUSSIA) Business Development and Training Program a at Arizona State University

Russia USA Science to Innovations Accelerator (RUSSIA) Business Development and Training Program a at Arizona State University Russia USA Science to Innovations Accelerator (RUSSIA) Business Development and Training Program a at Arizona & Greater Phoenix 2 nd fastest population growth in US AZ population 65 million Phoenix 5th

More information

Digital Entrepreneurship: The EU vision, strategy and actions

Digital Entrepreneurship: The EU vision, strategy and actions The digital economy at the heart of the economic and social transition of EU Regions Digital Entrepreneurship: The EU vision, strategy and actions EITO Task Force Meeting, 14th November 2014 Michael Berz

More information

Future Navigation for Entrepreneurial Start-ups: Business Incubation amidst Leading Tech Companies

Future Navigation for Entrepreneurial Start-ups: Business Incubation amidst Leading Tech Companies Future Navigation for Entrepreneurial Start-ups: Business Incubation amidst Leading Tech Companies Full Paper for the XXVIII IASP World Conference on Science and Technology Parks, 2011 Submitted by: Axel

More information

CASE 2 ETM ESTONIA NORTHERN EUROPE PROFILE

CASE 2 ETM ESTONIA NORTHERN EUROPE PROFILE CASE STUDY TITLE HEI / ORGANISATION NAME COUNTRY DATE NATURE OF INTERACTION WITH BUSINESS NATURE OF GOOD PRACTISE/PROJECT MASTER OF ENTREPRENEURSHIP AND TECHNOLOGY () UNIVERSITY OF TARTU FACULTY OF ECONOMICS

More information

Small and Medium-Sized Enterprises

Small and Medium-Sized Enterprises Kari Sipilä Small and Medium-Sized Enterprises D.Sc. (Techn.) h.c. and Intellectual Property Executive Director Brasov, Romania Foundation for Finnish Inventions May 14-15, 2002 Espoo, Finland INNOVATION

More information

Prospectus. Entrepreneurship in Action. ADSM Prospectus

Prospectus. Entrepreneurship in Action. ADSM Prospectus Prospectus Entrepreneurship in Action ADSM Prospectus 1 Entrepreneurship is higher education s authentic and natural ally. An entrepreneurial education is an enabling education. The union of the two is

More information

A programme of the National Centre for Research and Development

A programme of the National Centre for Research and Development A programme of the National Centre for Research and Development GO_GLOBAL.PL Increasing the scale of commercialisation of research results or development works of Polish companies on global markets 1.

More information

Guide to Public and Private Funding

Guide to Public and Private Funding Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do

More information

Small Business Incubator For Creative and Technology Businesses. Request for Proposals (RFP) 2014

Small Business Incubator For Creative and Technology Businesses. Request for Proposals (RFP) 2014 For Creative and Technology Businesses (RFP) 2014 TABLE OF CONTENTS 1. PURPOSE 2. INTRODUCTION/BACKGROUND 3. INCUBATOR AND PROGRAM FEATURES 4. ELIGIBILITY REQUIREMENTS 5. CLIENT RESPONSIBILITIES 6. LEASE

More information

Entrepreneurship at Trinity College. Bridget Noone Enterprise Executive

Entrepreneurship at Trinity College. Bridget Noone Enterprise Executive Entrepreneurship at Trinity College Bridget Noone Enterprise Executive Background to Entrepreneurship Development in TCD Recognition of need for more structured approach to creation of entrepreneurial

More information

Master in Global Entertainment and Music Business

Master in Global Entertainment and Music Business Master in Global Entertainment and Music Business International Marketing and Branding This course provides a comprehensive overview of the marketing of products and services by multinational organizations

More information

Baseline study chapter on Aalborg, for the EUniverCities project (URBACT), first draft

Baseline study chapter on Aalborg, for the EUniverCities project (URBACT), first draft 1 Baseline study chapter on Aalborg, for the EUniverCities project (URBACT), first draft Willem van Winden, UrbanIQ August 2012 w.van.winden@urbaniq.nl 1. Introduction This chapter describes the state-of-the-art

More information

ABERDEEN COLLEGE ENTERPRISE IN EDUCATION STRATEGY

ABERDEEN COLLEGE ENTERPRISE IN EDUCATION STRATEGY ABERDEEN COLLEGE ENTERPRISE IN EDUCATION STRATEGY Revision Date: 20 January 2012 Aberdeen College. All rights reserved. ENTERPRISE IN EDUCATION STRATEGY 1.0 Background to Enterprise in Education Enterprise

More information

Awareness-raising questionnaire

Awareness-raising questionnaire 1. Introduction This questionnaire will help you think about your company s efforts towards responsible entrepreneurship by raising questions on the possible ways you could improve your business in a profitable

More information

Design Management, Innovation and Entrepreneurship Market needs (1/2)

Design Management, Innovation and Entrepreneurship Market needs (1/2) Market needs (1/2) 1 In a world that keeps changing, innovation is a key factor for competitiveness, growth, and long-term sustainability. By innovation we mean the creation and successful launch of new

More information

Technology incubators

Technology incubators OECD Innovation Policy Platform /policyplatform Technology incubators Technology incubators, a variant of more traditional business incubation schemes, assist technology-oriented entrepreneurs in the start-up

More information

Entrepreneurship and Education in European Union Countries

Entrepreneurship and Education in European Union Countries Economy Transdisciplinarity Cognition www.ugb.ro/etc Volume 16, Issue 2/2013 75-80 Entrepreneurship and Education in European Union Countries Ramona FLOREA, Radu FLOREA George Bacovia University, Bacau,

More information

Programme Curriculum for Master Programme in Entrepreneurship

Programme Curriculum for Master Programme in Entrepreneurship Programme Curriculum for Master Programme in Entrepreneurship 1. Identification Name of programme Master Programme in Entrepreneurship Scope of programme 60 ECTS Level Master level Programme code Decision

More information

Software Entrepreneurism in Korea

Software Entrepreneurism in Korea Software Entrepreneurism in Korea SoftExpo 2000, Seoul Avron Barr and Shirley Tessler Aldo Ventures, Inc. www.aldo.com/papers Aldo Ventures Twenty Years in Silicon Valley! Independent consultants to software

More information

MBA students develop, or already possess,

MBA students develop, or already possess, Master MBA Leadership of Business Specialisation Administration MBA students develop, or already possess, strong management skills; however the practice of effective leadership is essential for dedicated

More information

aws High Technology Boosting innovation! Pre Start up Start up Growth International

aws High Technology Boosting innovation! Pre Start up Start up Growth International aws High Technology Boosting innovation! Pre Start up Start up Growth International Bringing high-tech to life Are you planning to establish a company with an information and communication technology,

More information

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT EXECUTIVE PAPERS ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT PRUDENTE, JAIME Instituto de Apoio às Pequenas e Médias empresas e à Inovação

More information

BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY

BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY BUSINESS INCUBATOR PROCESS: A POLICY TOOL FOR ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN A KNOWLEDGE BASED ECONOMY Arthur Bayhan Chief Executive Officer Competitiveness Support Fund This paper has

More information

The Right Product, in the Right Market, at the Right Time

The Right Product, in the Right Market, at the Right Time The Right Product, in the Right Market, at the Right Time A Three Step Plan for Defining a Sustainable Business Model By Lido Scardigli Published by SCORE Silicon Valley October 2015 The Right Product,

More information

SURVEY OF START-UPS. Summary

SURVEY OF START-UPS. Summary 2014 SURVEY OF START-UPS Summary Science promotes the economy: An analysis of start-up activity in the environment of ten universities in Berlin-Brandenburg Based on a systematic survey of start-up founders

More information

Cotrugli MBA & Executive MBA outline

Cotrugli MBA & Executive MBA outline Cotrugli MBA & Executive MBA outline COTRUGLI MBA programs are not only an investment in knowledge, information and networks, nor are they just an investment in career advancement. Our MBA programs inspire

More information

International Management Trainee Program. Global company, Local focus

International Management Trainee Program. Global company, Local focus International Management Trainee Program Global company, Local focus Meltwater News is a company born of entrepreneurial attitude, strong work ethic and genuine team spirit which has catapulted a small

More information

Visegrad 4 Ukraine: SME Development Visegrad experience for Ukrainian government & business. V4 Road Show in Ukraine

Visegrad 4 Ukraine: SME Development Visegrad experience for Ukrainian government & business. V4 Road Show in Ukraine Visegrad 4 Ukraine: SME Development Visegrad experience for Ukrainian government & business V4 Road Show in Ukraine Vinnitsia, April 13, 2016 Science & Industrial Park World trend and Polish experience:

More information

Sources of Financing for Innovative SMEs: Public Sector Funds, Banks, Business Angels and Seed Funds, Venture Capitalists,

Sources of Financing for Innovative SMEs: Public Sector Funds, Banks, Business Angels and Seed Funds, Venture Capitalists, Sources of Financing for Innovative SMEs: Public Sector Funds, Banks, Business Angels and Seed Funds, Venture Capitalists, Luigi Amati CEO META Group THIRD WIPO-INSME INTERNATIONAL TRAINING PROGRAM: FINANCING

More information

Fast Starter By Shelly Garcia

Fast Starter By Shelly Garcia San Fernando Valley Business Journal August 1, 2005 Fast Starter By Shelly Garcia When it opened in May, California United Bank held the distinction of being the largest publicly-held state-chartered bank

More information

1. Introduction. For further information contact; Donnchadh Cullinan Manager, Banking Relationships & Growth Capital Department +353 1 727 2162

1. Introduction. For further information contact; Donnchadh Cullinan Manager, Banking Relationships & Growth Capital Department +353 1 727 2162 Enterprise Ireland is the Government agency responsible for the development and growth of Irish enterprises in world markets. We work in partnership with Irish enterprises to help them start, grow, innovate

More information

PROGRAMME SYLLABUS Strategic Entrepreneurship (Two Years), 120 credits

PROGRAMME SYLLABUS Strategic Entrepreneurship (Two Years), 120 credits PROGRAMME SYLLABUS Strategic Entrepreneurship (Two Years), 120 Programmestart: Autumn 2015 Jönköping International Business School, Box 1026, SE-551 11 Jönköping VISIT Gjuterigatan 5, Campus PHONE +46

More information

LA325- THE LIBERAL ARTS ENTREPRENEUR. Dr. Katharine S. Brooks (k.brooks@austin.utexas.edu) Mr. Robert Vega (r.vega@austin.utexas.

LA325- THE LIBERAL ARTS ENTREPRENEUR. Dr. Katharine S. Brooks (k.brooks@austin.utexas.edu) Mr. Robert Vega (r.vega@austin.utexas. LA325- THE LIBERAL ARTS ENTREPRENEUR Unique Day Time Location #30142 Thursday 3:30-6:30 pm FAC18N Instructors: Dr. Katharine S. Brooks (k.brooks@austin.utexas.edu) Mr. Robert Vega (r.vega@austin.utexas.edu)

More information

Aspiring for entrepreneurship excellence with innovative training methodologies: The cases of PREMIO & ENTER Projects

Aspiring for entrepreneurship excellence with innovative training methodologies: The cases of PREMIO & ENTER Projects Aspiring for entrepreneurship excellence with innovative training methodologies: The cases of PREMIO & ENTER Projects Artemis Saitakis (2), saitakis@stepc.gr, Tel. 2810391908 Vasilis Kelesidis ( 1 ), kelesidi@mred.tuc.gr,

More information

Supporting ENTREPRENEURSHIP

Supporting ENTREPRENEURSHIP Supporting ENTREPRENEURSHIP Entrepreneurs of All Kinds We are building an ecosystem to inspire and develop a community of self-motivated innovators and creators. At MSU, the definition of entrepreneur

More information

Appendix A. The Business Plan

Appendix A. The Business Plan Appendix A The Business Plan A key element of business success is a business plan, a written statement of the rationale for the enterprise and a step-by-step explanation of how it will achieve its goals.

More information

Building innovation capacity via PPP. Ravi Randeniya - BSc Eng MScE MBA

Building innovation capacity via PPP. Ravi Randeniya - BSc Eng MScE MBA Building innovation capacity via PPP Ravi Randeniya - BSc Eng MScE MBA Innovation is a major factor of economic growth and its advancement is a good measure of overall performance in the globalized economy.

More information

Policies and Practices of China In Commercialization of Public R&D Outputs

Policies and Practices of China In Commercialization of Public R&D Outputs Policies and Practices of China In Commercialization of Public R&D Outputs Sun Jianxin, Senior Engineer Torch Hi-tech Industry Development Center, Ministry of Science & Technology of P. R. China December

More information

The Challenge Faced by Argentinean Leaders Today: To Buy or to Develop Technology

The Challenge Faced by Argentinean Leaders Today: To Buy or to Develop Technology The Challenge Faced by Argentinean Leaders Today: To Buy or to Develop Technology Shashank Nigam, Singapore Management University 1. Sustainable Growth Argentina s real GDP grew 9 percent in 2004, following

More information

THE DIVERSITY OF EXCELLENCE: THE EXAMPLE OF THE UNIVERSITY OF STRATHCLYDE. Dr Peter W A West Secretary to the University

THE DIVERSITY OF EXCELLENCE: THE EXAMPLE OF THE UNIVERSITY OF STRATHCLYDE. Dr Peter W A West Secretary to the University THE DIVERSITY OF EXCELLENCE: THE EXAMPLE OF THE UNIVERSITY OF STRATHCLYDE Dr Peter W A West Secretary to the University WORLD RANKINGS THES-SQ % SJTU/ARWU % Student:staff ratio 20 Recruiter survey 10 Peer

More information

Entrepreneurial universities a European guiding framework

Entrepreneurial universities a European guiding framework Entrepreneurial universities a European guiding framework Universidad de Cantabria 28 th February 2013 Presentation from Technopolis Rebecca Allinson The end result of the guiding framework Leadership

More information

1. A statement of the educational objectives of the program.

1. A statement of the educational objectives of the program. UPDATED 4/14/14 College of Business Proposal to Create a Certificate in Entrepreneurship 1. A statement of the educational objectives of the program. The multidisciplinary entrepreneurship certificate

More information

INTRODUCTION. in teams.

INTRODUCTION. in teams. Presented by: The George R. and Martha Means Center for Entrepreneurial Studies is a newly endowed center within the Management and Quantitative Methods Department of the College of Business at Illinois

More information

Bridging Innovation and Business

Bridging Innovation and Business Otaniemi Incubation Excellence Bridging Innovation and Business Pertti Vuorela, Technopolis Ventures Ltd. Networking Model in Business exploitation Otaniemi High-Tech Area Academic & Research Partners

More information

Sims Academy of Innovation and Technology S.E.E.D. Program

Sims Academy of Innovation and Technology S.E.E.D. Program Sims Academy of Innovation and Technology S.E.E.D. Program The Sims Academy of Innovation and Technology Sims Entrepreneurial Excellence Development (S.E.E.D.) Program is an educational learning laboratory

More information

STARTUP INCUBATORS AND ACCELERATORS

STARTUP INCUBATORS AND ACCELERATORS Brought to you by Aird & Berlis LLP STARTUP INCUBATORS AND ACCELERATORS BRIGHTSPARK VENTURES Brightspark Ventures is a nextgeneration venture capital firm based in Canada that invests to build and grow

More information

STRATEGIC POLICY FORUM ON DIGITAL ENTREPRENEURSHIP. Fuelling Digital Entrepreneurship in Europe. Background paper

STRATEGIC POLICY FORUM ON DIGITAL ENTREPRENEURSHIP. Fuelling Digital Entrepreneurship in Europe. Background paper EUROPEAN COMMISSION ENTERPRISE AND INDUSTRY DIRECTORATE-GENERAL Service Industries Key Enabling Technologies and Digital Economy Introduction STRATEGIC POLICY FORUM ON DIGITAL ENTREPRENEURSHIP Fuelling

More information

Buffer's Y Combinator Application

Buffer's Y Combinator Application Buffer's Y Combinator Application What is your company going to make? Buffer is an application for Twitter which helps people Tweet consistently without spending all day on Twitter. All people do is put

More information

EN6502 Introduction to Entrepreneurship

EN6502 Introduction to Entrepreneurship Introduction to Entrepreneurship INTRODUCTION (Compulsory) This course is introduced to enhance the student s awareness, and knowledge in the domain of entrepreneurship. This course is not going to assess

More information

Boosting Entrepreneurship in Adult Education

Boosting Entrepreneurship in Adult Education European Conference 7 March 2008, Nicosia Key Topics Entrepreneurship as key competence for growth, employment and personal fulfilment Promoting entrepreneurship through education European reality PECAE

More information

Is your idea an opportunity?

Is your idea an opportunity? Cambridge Judge Business School Is your idea an opportunity? Simon Stockley Senior Teaching Faculty in Entrepreneurship Knowledge and Awareness There are known knowns. These are things we know that we

More information

Successful Accounting/Financing for Small Business Financing Overview

Successful Accounting/Financing for Small Business Financing Overview Successful Accounting/Financing for Small Business Financing Overview Department of Economics Finance, and Decision Sciences University of North Carolina at Pembroke ramin.maysami@uncp.edu 910-987-2311

More information

THE BUSINESS START-UP FUND. How your donation can help us create tomorrow s entrepreneurs

THE BUSINESS START-UP FUND. How your donation can help us create tomorrow s entrepreneurs THE BUSINESS START-UP FUND How your donation can help us create tomorrow s entrepreneurs Kent 2 Business School www.kent.ac.uk/kbs www.kentmba.com HELP US DEVELOP SUCCESSFUL ENTREPRENEURS Enterprise lies

More information

Principles for financing, monitoring and evaluating KIC activities

Principles for financing, monitoring and evaluating KIC activities Principles for financing, monitoring and evaluating KIC activities The EIT a results-oriented and impact driven Institute The European Institute of Innovation and Technology (EIT), as part of Horizon 2020:

More information

SUPERSTAR ENTREPRENEUR Capitalize on Opportunities with a proven Formula

SUPERSTAR ENTREPRENEUR Capitalize on Opportunities with a proven Formula Unique Training Class SUPERSTAR ENTREPRENEUR Capitalize on Opportunities with a proven Formula Your Gateway to Ultimate Success! Develop Winning Business Plans Become Attractive Close Deals Fast What is

More information

Entrepreneurship & Business Management N4

Entrepreneurship & Business Management N4 Oxbridge Academy effortless excellence in education Entrepreneurship & Business Management N4 Study Guide Preview CONTENTS TOPIC 1: THE CHALLENGES OF ENTREPRENEURSHIP 1.1 Defining the concept entrepreneur

More information

Business Incubation for Growth, BIG: A new national incubator program

Business Incubation for Growth, BIG: A new national incubator program Business Incubation for Growth, BIG: A new national incubator program Workshop on Innovation Policy in the Recession Birkbeck, London, 15 October 2012 Åsa Lindholm Dahlstrand CIRCLE Lund University, Sweden

More information

Curriculum Innovation Driven by Industry Input

Curriculum Innovation Driven by Industry Input Curriculum Innovation Driven by Industry Input Walter W. Buchanan Texas A&M University College Station, Texas Ali Mehrabian Daytona State College Daytona Beach, Florida Introduction Examples are covered

More information

DANISH ENTREPRENEURSHIP AWARD

DANISH ENTREPRENEURSHIP AWARD DANISH ENTREPRENEURSHIP AWARD The DNA of Danish Entrepreneurship Award THE DNA OF DANISH ENTREPRENEURSHIP AWARD Why do we undertake Danish Entrepreneurship Award? With Danish Entrepreneurship Award we

More information

Novus. Investing in the future of software testing and development. www.capita-itps.co.uk/novus

Novus. Investing in the future of software testing and development. www.capita-itps.co.uk/novus Novus Investing in the future of software testing and development www.capita-itps.co.uk/novus Our credentials v FTSE 100 v Partnerships with leading IT and computing institutes v Accredited by leading

More information

There are business opportunities in abundance

There are business opportunities in abundance Master MBA Business of in Emerging Administration Markets Specialisation There are business opportunities in abundance throughout the emerging markets of the world; however the unique challenges that accompany

More information

ata, valuable Gain insights from your FIRM S most from data, valuable asset FULL-TIME OR PART-TIME MSC IN Business Analytics

ata, valuable Gain insights from your FIRM S most from data, valuable asset FULL-TIME OR PART-TIME MSC IN Business Analytics MSC IN Business Analytics Gain insights from ata, your FIRM S most valuable asset Gain insights from data, your FIRM S most valuable asset SEPTEMBER AND FEBRUARY START, 1 YEAR, 36 CREDITS FULL-TIME OR

More information

Master of Business Administration. in Management of Technology MOT-MBA

Master of Business Administration. in Management of Technology MOT-MBA King Saud University Deanship of Graduate Studies College of Business Administration Council of Graduate Programs in Business Master of Business Administration in Management of Technology MOT-MBA A Joint

More information

Degree in Management of Business and Technology

Degree in Management of Business and Technology Degree in Management of Business and Technology Specialisations: Digital Marketing Digital Entrepreneurship Digital Economy Sports Management 100% IN ENGLISH OR BILINGUAL ENG/SPA The Degree in Management

More information

The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts

The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts The Role of Research Institutions in the Formation of the Biotech Cluster in Massachusetts Lita Nelsen Massachusetts Institute of Technology Cambridge, December 2005 The Massachusetts Biotech Cluster 2005

More information

Diploma in Entrepreneurship and Business Management. Startup your business

Diploma in Entrepreneurship and Business Management. Startup your business Diploma in Entrepreneurship and Business Management + Startup your business (Hands-on step-by-step counseling from experts from India and Dubai) Offered by: Entrepreneurship Development Institute of India,

More information

Business Plan: Business Attraction & Retention

Business Plan: Business Attraction & Retention Business Plan: Business Attraction & Retention How does this service contribute to the results identified in the City of London Strategic Plan? A Strong Economy A Vibrant and Diverse Community As the lead

More information

CALIFORNIA PROGRAM FOR ENTREPRENEURSHIP (CAPE) C E N T E R F O R I N N O V A T I O N A N D E N T R E P R E N E U R S H I P

CALIFORNIA PROGRAM FOR ENTREPRENEURSHIP (CAPE) C E N T E R F O R I N N O V A T I O N A N D E N T R E P R E N E U R S H I P CALIFORNIA PROGRAM FOR ENTREPRENEURSHIP (CAPE) C E N T E R F O R I N N O V A T I O N A N D E N T R E P R E N E U R S H I P INSPIRING ENTREPRENEURS CREATING JOBS BUILDING A STRONG CALIFORNIA Educating Entrepreneurial

More information

Entrepreneurship 101 for Early Career Scientists

Entrepreneurship 101 for Early Career Scientists Entrepreneurship 101 for Early Career Scientists, 2013 AGU Career Center 19 November 2013 Copyright, 2011, Our Plan for Today Skills needed to be an entrepreneur Transitioning from scientist to entrepreneur

More information

RAE2015 OF THE UNIVERSITY OF TURKU PEER-EVALUATION REPORT DEPARTMENT OF MARKETING AND INTERNATIONAL BUSINESS

RAE2015 OF THE UNIVERSITY OF TURKU PEER-EVALUATION REPORT DEPARTMENT OF MARKETING AND INTERNATIONAL BUSINESS RAE2015 OF THE UNIVERSITY OF TURKU PEER-EVALUATION REPORT DEPARTMENT OF MARKETING AND INTERNATIONAL BUSINESS Turku School of Economics RAE2015 OF THE UNIVERSITY OF TURKU PEER-EVALUATION REPORT DEPARTMENT

More information

Table 1: Degree programs in Telecommunication and e-business.

Table 1: Degree programs in Telecommunication and e-business. INSPIRING THE INNER ENTREPRENEUR IN STUDENTS A CASE STUDY OF ENTREPRENEURSHIP STUDIES IN TUAS Juha Kontio ABSTRACT Turku University of Applied Sciences This paper introduces a case study of the entrepreneurship

More information

TABLE OF CONTENTS. Vision and Mission 2

TABLE OF CONTENTS. Vision and Mission 2 STRATEGIC PLAN 2015 1 TABLE OF CONTENTS Vision and Mission 2 Strategic Goals and Objectives 3 Strategic Goal 1 3 Strategic Goal 2 3 Strategic Goal 3 4 Strategic Goal 4 4 2015 Priorities 6 Committees 7

More information

Karel Klusacek Technology Centre AS CR, Prague, Czech Republic klusacek@tc.cz

Karel Klusacek Technology Centre AS CR, Prague, Czech Republic klusacek@tc.cz CZECH TECHNOLOGY BUSINESS INCUBATORS-OPPORTUNITIES FOR R&D COLLABORATION AND JOINT VENTURES Karel Klusacek Technology Centre AS CR, Prague, Czech Republic klusacek@tc.cz Background Small and medium enterprises

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

ROMANIAN - AMERICAN UNIVERSITY. School of Domestic and International Business, Banking and Finance

ROMANIAN - AMERICAN UNIVERSITY. School of Domestic and International Business, Banking and Finance Invest in People! Project co-financed by European Social Fund through the Sectoral Operational Programme Human Resource Development 2007 2013 Priority Axis: 1. Education and training in support for growth

More information

Economic Revitalization of the Midtown Neighborhood Jackson, Mississippi

Economic Revitalization of the Midtown Neighborhood Jackson, Mississippi Economic Revitalization of the Midtown Neighborhood Jackson, Mississippi Mississippi Arts Commission and the Mississippi Development Authority is developing and implementing a strategy to pilot Mississippi

More information

I would like to propose the following suggestions to improve entrepreneurship and help existing small businesses in Ireland.

I would like to propose the following suggestions to improve entrepreneurship and help existing small businesses in Ireland. To whom it may concern, I would like to propose the following suggestions to improve entrepreneurship and help existing small businesses in Ireland. 1) Centre of Excellence - I understand the rationale

More information

An Assessment of the Impact of UCLA s Global Access Program (GAP) on Finnish Companies supported by Tekes 2004-2009

An Assessment of the Impact of UCLA s Global Access Program (GAP) on Finnish Companies supported by Tekes 2004-2009 An Assessment of the Impact of UCLA s Global Access Program (GAP) on Finnish Companies supported by Tekes 24-29 Provided by The Evidence Network www.theevidencenetwork.com 3 November 21 The Evidence Network

More information

IT TALENT MANAGEMENT FOR MID-MARKET COMPANIES

IT TALENT MANAGEMENT FOR MID-MARKET COMPANIES IT TALENT MANAGEMENT FOR MID-MARKET COMPANIES FOR IT DEPARTMENTS, CONNECTING WITH TOP TALENT IS CRITICAL In the rapidly evolving world of business, hiring and maintaining a competent IT department is essential

More information