the future of entrepreneurship at the U

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Maude Brooks
10 years ago
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1 the future of entrepreneurship at the U

2 LASSOND NW VNTUR DVLOPMNT PROGRAM 197 students $1.3M+ scholarships ngaged 39 departments 38 startup companies

3 Lassonde New Venture director and students meet with inventors for first time. L NAVILLUM FDRAL GRANT CLAN NRGY COMPTITION Navillum receives $40K from the Utah state Technology Commercialization and Innovation Program. UTAH STAT GRANT Students enter Opportunity Quest at University of Utah and rank in the top-10. Startup company, Navillum, formed to commercialize nanocrystal production process. COMPANY FORMD OPPORTUNITY QUST New Venture students start work creating business plan for nanocrystal technology. NW VNTUR PROJCT MTING INVNTORS journeys Navillum awarded $150K SBIR grant from National Science Foundation. Navillum wins $100K and People s Choice in the National Clean nergy Business Plan Competition. Navillum is a University of Utah startup company that began as a partnership between faculty and student inventors and students in the Lassonde New Venture Development program, who provided essential business support and guidance. The company is developing methods for producing nanocrystals, which are semiconductors that can be used in TVs, computer screens and lights. LASSOND STOP RLATD STOP

4 SOCIAL NTRPRNURSHIP PILOT PROJCTS 6 student scholarships 2 projects in Ghana India Community Foundation of Utah

5 UTAH NTRPRNUR SRIS 78 student scholarships 5,000+ students 14 schools $1M+ in donor support

6 BNCH-2-BDSID Medical, bioengineering, business students 50 provisional patents $450K awards

7 FOUNDRY (May 2010-May 2013) 260 entrepreneurs 89 ideas for companies 60 incorporated 38 generated revenue $5.1 million in revenue $3.2 million funding

8 GT SDD 130+ students participating 70 teams pitched ideas 26 teams seed funded $62,833 of seed funding

Company founders compete with classmates in Bench-2-Bedside and win grand prize of $20,000. L LIYN Team competes in business summary plan competition and wins the grand prize worth $5,000.

They came together through the Bench-2-Bedside competition and have been together since winning grand prize and $20,000 in that competition.

9 Company founders compete with classmates in Bench-2-Bedside and win grand prize of $20,000. L LIYN Team competes in business summary plan competition and wins the grand prize worth $5,000. LIYN competed in the statewide idea competition and ranked in the top-10. LIYN is a student startup launched by Jackson Murphy, a student at the U, and Chris Ciancone, a graduate of Westminster. They came together through the Bench-2-Bedside competition and have been together since winning grand prize and $20,000 in that competition. They are leading a revolution from limitation by developing innovative, cool-looking inhalers. UTAH NTRPRNUR CHALLNG The founders returned to the ntrepreneur Club and got another $8,000 seed grant. MILSTON FUNDING OPPORTUNITY QUST LIYN pitched their business plan to the ntrepreneur Club and got a seed grant for $5,000. MILSTON FUNDING TCHTITANS Jackson Murphy enrolls in the Innovation Scholar program, pairing his passion with a purpose. INNOVATION SCHOLAR BNCH-2-BDSID journeys The team competes in UC and wins best video, top-10 and $2,000. LASSOND STOP RLATD STOP

10 FIRST LGO LAGU Over 2,000 kids participating statewide 900+ volunteers Broad donor support

11 INNOVATION SCHOLAR Over 100 students participating Faculty mentors from most departments on campus Business and Honors specialty cohorts

12 RY S RI S IS N R LA HO SC U N R R T N UD ST P TR ON TI VA NO IN S TH U AG L T C OJ PR CH UB CL NC R NF CO RS LA HO SC UR S N S N R SI P TR N BU K IN TH S NK TA H A P BUSINSS HALTH SCINC NGINRING & SCINC HONORS ARTS & HUMANITIS PARTNRS RLATD STOP S LASSOND STOP B D F UN TU R V N RT S TA N T RT AI NM H- N R TU NC B ND U FO UR N PR TR GO L BS N V N G IN ND T FU N N M P TO LO DSID S V IL M D 2-B INTRNSHIP W N AH UT T RS FI CAPSTON AR S R OR NI S D H IS BL PU JO student hub

13 engagement LASSOND PROGRAM PARTICIPATION ,600+ 2, Utah ntrepreneur Series FIRST LGO League 5, Living Learning Center 275 StaC Milestone Funding 125 Bench 2 Bedside Innovation Week Foundry Innovation Scholar New Venture Development JUNIOR HIGH HIGH SCHOOL UNDRGRADUAT GRADUAT

14 coming soon vents NW BUILDING Co-working The Lassonde Institute will be constructing a new building that will combine a 400-bed residence space with a 20,000-square-foot student garage. The building will serve as a hub for student entrepreneurship at the University of Utah. Inside the garage, students will gather, tinker, dream and play. Work Stations Tools & quipment Open Space 20,000 SQ. FT RSIDNTIAL BDS

15 funding ST. TOTAL PROJCT COST - $45M FUNDING Donations: Pierre Lassonde - $12M* Naming Partners - $3M U of U - $3M University bonding - est. $32M BONDING U of U Partners Lassonde * Pierre Lassonde: Total $12M = $7M building + $5M future funding

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