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Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 1
State Policy Academy on Entrepreneurship
New Orleans, July 16, 2001“Human Capital for Entrepreneurship:
Higher Education”
How to Build a Successful Entrepreneurship Education Program for Engineers and Scientists: The Stanford
Recipe
Professor Tom ByersStanford University
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 2
My Background & Perspective
1980’s 1990’s
Executive @
Founder @ Slate
Ph.D. @
Educator @ Stanford
Board of Directors Member
2000’s
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 3
Our mission is to acceleratehigh-technology entrepreneurshipeducation and research across top
engineering schools worldwide.
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 4
STVP’s Strategy and STVP’s Strategy and ActivitiesActivities
Teaching: Research:
Outreach:
Create and deliver curricula for engineering
education
Support research on
high-technology entrepreneurshi
p
Disseminate results to accelerate similar efforts worldwide
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 5
I. First Things First … Why Care?
Why is This Important?Why in Your Region/State?
1. Economic growth depends on both high technology and entrepreneurship
2. Skill development of next generation of technology leaders and managers
3. Opportunity to build strong relationship between university and industry
4. Huge opportunity for impact through ~ 1 million students
1. Economic development of region
2. Self-sustaining and growing communities
3. Reputation of universities in your region as innovators
4. Successful entrepreneurs eventually give back to the community
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 6
II. What’s the Situation at the University
… Regional Profile?
1. Efforts so far at your university or college?
2. Located near a technology region?
(Seattle, Austin)
3. What is primary technology sector in your
region?
4. Are there community contacts/role models
available?
5. Focus on small business or high potential
ventures?
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 7
II. What’s the Situation at the University
… University Profile?1. Fit with university’s or school’s vision and strategy?
2. University’s orientation: research or teaching?
3. Public or private?
4. Undergraduates only or a mix?
5. How much activity in business school to date? Attitude
towards
engineering & science students in general?
6. Which school has most power and influence in university?
7. Support to date and opportunities for more funding? What
are major sources of funds?
8. Support from university administrators and successful
alumni?9. Is there an identified champion and charismatic leader for
this endeavor through faculty or senior staff?
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 8
III. What Can a University Do?
Basic Advanced
Seed funding for a pilot program Long-term grants & endowments
Establish and support a champion to pilot an e-ship program
Implement a simple work/study program (e.g., KEIP program)
Brochure and simple web site
Student entrepreneurship club: entrepreneurship speaker series with faculty advisors & networking
Full tenure-line and adjunct faculty, center director, and staff
Full MFP-like program with courses, networking, and mentors
Extensive web site as a teaching tooland community resource
Business plan competition, start-up job fair, networking w/ other schools, weekly email regarding e-ship events
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 9
III. What Can a University Do? (Cont.)
Basic Advanced
Give course Intro. to High- Technology Entrepreneurship withSTVP design & HBS case studies
More courses: venture creation, growth, marketing, strategy, finance … and leverage existing courses
Join ASEE’s Entrepreneurship Division and LLEEP’s clinics
Develop an advisory board with key community leaders
Build a community of students
Identify faculty around the university to collaborate
Develop relationships with VCs
Participate in REEE @ Stanford and NCIIA
Create networking events and mailing lists for your region
Build a community of alumni
Create an e-ship task force
Consider establishing an incubator
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 10
IV. Who Can Help … Local Resources?
• Department Chairs (e.g., Computer Science)• Engineering Faculty• Sciences Faculty• Dean, Provost, and President• Student Service Coordinators for Each
Department• Development Officers (Fundraisers)• Business School Faculty in Entrepreneurship• Technology Transfer Office• Medical and Law Schools• Community Leaders• Alumni: Entrepreneurs, CEO’s, & Founders• Support Services: VC, Law, Big 5 Accounting and
Consulting• Campus Placement & Career Skills Groups• … Government Leaders!
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 11
IV. Who Can Help … National Resources?
• Stanford Technology Ventures Program http://stvp.stanford.edu
• Lifelong Learning for Entrepreneurship Education Professionals http://www.lleep.org
• Kauffman Center for Entrepreneurial Leadership http://www.kcel.org • American Society of Engineering Educators (E-ship Division) http://www.asee.org
• National Collegiate Inventors and Innovators Alliance http://www.nciia.org
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 12
V. How Much Will It Cost?
Startup Costs?$150K
Basic Advanced
Ongoing Budget?$100K / year
Incremental Budget?$300K / year
Note: Some of these costs could be in-kind support from the university, such as existing tenured faculty and
facilities.
Stanford Technology Ventures Programhttp://stvp.stanford.edu
Slide 13
Thank You!
Tom Byerswww.stanford.edu/~tbyers
[email protected] 650-725-8271
Note: STVP is funded by the generosity of the Kauffman Center for Entrepreneurial Studies, Price Institute of Entrepreneurial Studies, and
various Silicon Valley entrepreneurs and venture capitalists.