HKUST Entrepreneurship Education: Educating the

HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:Educating the NextEducating the NextEducating the NextEducating the Next----Generation EntrepreneursGeneration EntrepreneursGeneration EntrepreneursGeneration Entrepreneurs

HKUST entrepreneurship education and minor 1

Today’s AgendaToday’s AgendaToday’s AgendaToday’s Agenda• 6:30-6:55pm: HKUST entrepreneurship education and minor program

(including ENTR 4901-4904) by Prof Robert Ko

• 6:55-7:10pm: Course introduction (ENTR 2010 and ENTR 3030) by Prof Erwin Huang

• 7:10-7:25pm: Entrepreneurship activities by Entrepreneurship Center by Prof Gary Chan

• 7:25-7:35pm: Q&A

• 7:35-7:45pm: Light Refreshment

• Special acknowledgement to those behind-the-scene heroes on entrepreneurship education:

• Prof. Roger Cheng (Associate Provost on Teaching and Learning)

• Prof. Kar Yan Tam (SBM)

• Prof. Ravi Goonetilleke (SENG)

2HKUST entrepreneurship education and minor

HKUST Entrepreneurship MinorHKUST Entrepreneurship MinorHKUST Entrepreneurship MinorHKUST Entrepreneurship Minor

Robert KO

Professor, Division of Life Science

Program Director, Minor Program in Entrepreneurship

[email protected]

Sep 7, 2017


Defining EntrepreneurshipDefining EntrepreneurshipDefining EntrepreneurshipDefining Entrepreneurship

• Starting up new business or service which creates or enhances social, economic and cultural value

• Often due to innovations or discoveries on

• Technology and engineering

• Science

• Business model and operation process

• Social science and humanitarian needs


Defining EntrepreneurshipDefining EntrepreneurshipDefining EntrepreneurshipDefining Entrepreneurship

• Examples

• Founding commercial ventures

• Joining startups

• Social innovation and services

• Environmental and green entrepreneurship

• Innovation within large corporations (e.g., google and facebook)

• etc.


Source: Startmeup.hk (2015)


An Alternative Career ChoiceAn Alternative Career ChoiceAn Alternative Career ChoiceAn Alternative Career Choice


Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by SENG, SBM and SSCISENG, SBM and SSCISENG, SBM and SSCISENG, SBM and SSCI

Entrepreneurship seminars and

readings

• Sampling, reflections and overviewing

Industrial landscape

• Interest group/clusters

• Faculty talks

• Market analysis

Student-led acceleration

projects

• Inter-disciplinary collaboration and teamwork

Specialized or advanced

entrepreneurship courses

• IT entrepreneurship

• Technology startup

• Social entrepreneurship

• Marketing, financing, etc.


Revamped Curriculum: Revamped Curriculum: Revamped Curriculum: Revamped Curriculum: From Exposure to EngagementFrom Exposure to EngagementFrom Exposure to EngagementFrom Exposure to Engagement

• Entrepreneurship seminars and readings (ENTR2010) in Fall 2017!

• 1 credit, graded• Entrepreneurial talks or experience

sharing• Book readings

• Social Innovations and Entrepreneurship (ENTR3030) in Fall 2017!

• Special-topic course on entrepreneurship (ENTR4000) in Fall 2017!

• 1-5 credits, depending on workload• ENTR 4000A Global Product

Development

• Student-Led Entrepreneurship Acceleration Project (ENTR4901- 4904) in Fall 2017!

• 1-4 credits, offered every Term, graded• Entrepreneurial groups develop projects,

business plan, prototype, get feedback, present, promote/sale, etc.

• Driven by students, faculty as coach• May be repeated for credits (max. 6)


ENTR 4100 is revise to ENTR 3030 with effect from Fall 2017-18. 10

Proposed Changes to the Curriculum Proposed Changes to the Curriculum Proposed Changes to the Curriculum Proposed Changes to the Curriculum (subject to approval)(subject to approval)(subject to approval)(subject to approval)

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HKUST Entrepreneurship Center:Fostering a Risk‐Taking Value‐Creation Mindset

HKUST Dream Builder Program

Gary Chan

Director, Entrepreneurship Center

Professor, Department of Computer Science and Engineering

Chair, Committee on Entrepreneurship Education

HKUST

[email protected]

Defining Entrepreneurship

• Starting up new business or service which creates economic, social (societal), or cultural value

• Value generation, enhancement or capture• Competitiveness often due to innovations or discoveries on

• Technology and engineering• Science• Business model and operation process• Social science and humanitarian needs

• Examples• Founding commercial ventures• Joining startups• Innovation within large corporations (e.g., google and facebook)• Social, environmental or green entrepreneurship• etc.


HKUST Dream Builder Program(科大夢工場)

1. Knowledge (Broaden and

deepen skillsets)

•Courses, projects and programs

• Seminars•Workshops

2. Ideation (Grow and build

ideas)

•Competitions•BASE, mixers, ideation camps and visits/engagements

• Startup internship

3. Execution (Create value and impacts)

•Acceleration funds and co‐working space

• Lighthouse advising and mentorship •Exposure program (Investor linkage, startup conference, exposure trip, etc.)



ENTR Courses/Minor

Seminars

BASE

Investor mixer

Workshops

Accelerationfunding

Mentorship

Competitions

Visits

Student‐driven Entrepreneurship

Failure

Lessons

Pivoting and

prototyping

• Understand, conceptualize, prototype, test and deploy

• Form team• Kindle the passions and work on the dreams

• Early exposure to entrepreneurial experience and hands‐on practice

• Identify problems and approaches early • Failure fast and learn fast

• Empower students to dream without rules and boundaries

• Think big, act small and move fast


One Million Dollar Entrepreneurship Competition

HackUST and HardUST 2017• Since 2014

• Student-led, EC co-organized and sponsored

• hackUST 2017 : The biggest university hackathon in Asia (http://www.scmp.com/lifestyle/article/2090788/hong-kong-hackathon-hackust-24-hours-build-winning-game-or-app-solves)

• 34 tertiary institutions (HK and overseas)• 622 participants (Alumni & students)

• 485 HKUST members (78%)• 92 teams

• 69 HKUST teams (75%)• hardUST 2017: The first hardware hackathon held in HKUST

hackUST 2017 offered me a wonderful moment and I appreciate it a lot.

I hope hackUST can continue to thrive!

Idea is Cheap. Execution is Everything.


Chris Sacca, Investor in Twitter & Uber

The BASEA Vibrant Co‐working Space to Promote Student‐driven Entrepreneurship A Mixer to Connect all HKUST Entrepreneurial Members


Catalyzing Ideas to Impacts:Acceleration Funds• Yeung Wing Yee Entrepreneurs Fund

‐ Usually up to HK$50K to cover prototyping, service & product development, marketing and promotion, deployment trials, etc.

‐ Early‐stage startup company registered in HK owned by full‐time HKUST students with 51% share or above

‐ Entrepreneurship Acceleration Fund‐ Up to HK$20K per successful applicant‐ HKUST students (individual or team)

with entrepreneurial ideas and plansHKUST Dream Builder Program

HKUST Entrepreneur, Anyone?


echnology and Innovation

• Engineering• Science

• Management• Process and production

• Supply chain• Sales & Marketing

assion• Inspiration/Aspiration• Motivation• Personality• Persistence/

Perseverance

roblem• Market Gap• Unsolved Problem• Unsatisfied Demand

Join us

Q&[email protected] (Gary Chan)http://www.ec.ust.hk


Documents

HKUST Entrepreneurship Education: Educating the