Innovation & Entrepreneurship

Welcome…

“An investment in knowledge always

pays the best interest.” Ben Franklin(1706-1790)

Innovation & Entrepreneurship

“Turbulent Changing Times…”

Uncertainty

“…Jobs and Careers…Business and Industry…”

Innovation & Entrepreneurship

Yet…All of Us…

Have A Chance of a Lifetime

“…We Will Shape and Determine The Future…”

Innovation & Entrepreneurship

Let’s Get Started…

Welcome to

GEB 5516 and GEB 4152

Technology Commercialization And

Technology Entrepreneurship

Innovation & Entrepreneurship

Getting Started…Tonight

1. Introductions2. Innovation and Entrepreneurship3. Class Workshop-Current Trends4. Next Steps

Welcome to

GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship

Innovation & Entrepreneurship

Getting Started…Tonight

Introductions…I’m Tom O’Neal…

Welcome to

GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship

Innovation & Entrepreneurship

7

Why listen to me?

1980’s

Engineer Associate Director @

CREOL

Associate VP

1990’s 2000’s

BSEE

1970’s

Entrepreneur

Founding Director UCFTI now UCFBIP

MSEM, MBA, PhD

FacultyMgmt/IEMS

Entrepreneur

Dr. Thomas O’NealAssociate VP for Research and CommercializationExecutive Director UCF Business Incubation ProgramExecutive Director GrowFL12201 Research ParkwayOrlando, FL 32826oneal@mail.ucf.eduwww.research.ucf.edu

Getting Started…Tonight

Introductions…

And You Are…?

Welcome to

GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship

Innovation & Entrepreneurship

Getting Started…Tonight

IntroductionsInnovation and EntrepreneurshipClass Workshop-Current Trends

Next Steps

Welcome to

GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship

Innovation & Entrepreneurship

Innovation & Entrepreneurship“…The Potential is Tremendous….”

Opportunity, Growth and Wealth

Innovation Requires Energy, Effort and Time….

So What…Who Cares…Why You Innovation Entrepreneurship Investment Knowledge Wealth

Innovation & Entrepreneurship

Innovation…Why Innovate?

Innovation & Entrepreneurship

Let’s Discuss…Why Innovate

Innovation “Solve” a Problem “Improve” the Quality of Life “Preserve” Something Good

Innovation & Entrepreneurship

Entrepreneurship

What Does an Entrepreneur Do…?

Who Might They Be…?

Innovation & Entrepreneurship

The Entrepreneur ….

An Entrepreneur Organizes, Operates and Assumes Risk for a Business Venture

Innovation & Entrepreneurship

Let’s Discuss…

The Characteristics of Entrepreneurs…

Innovation & Entrepreneurship

Entrepreneurs…

What About You…?

Innovation & Entrepreneurship

Successful Entrepreneurs Are Principles Based…

Ethical ConductVision & ValueFocus & DeterminationAbstract Thinking & Pragmatic ExecutionCommercialization Flexibility

Innovation & Entrepreneurship

Investments in Innovation…

Commitments!!! Passion Vision CASH FLOWS

Innovation & Entrepreneurship

Innovation &Entrepreneurship Knowledge - UCF patents rank in Top Ten -Again - 2009 -

Knowledge… Knowledge is Valuable…!!!

Innovation & Entrepreneurship

Innovation & Entrepreneurship

Wealth…

Entrepreneurs…

Innovation & Entrepreneurship

UCF Research Foundation

What’s Hot…

Knowledge, Vision and Execution

Digital, Molecular & Nano Infrastructures, and more…

Life Sciences

Energy, Clean Tech, Green Tech

Environments, Platforms, Systems and Connectivity

Innovation & EntrepreneurshipLet’s Discuss The Class….

Opportunities

Challenges

Strategies

Planning

Execution

Performance

Innovation & Entrepreneurship

Major Deliverables….

Your Entrepreneurial Challenge

Your Class Participation!!! The Elevator Pitch…(30%) The Venture Project…(40%)

Innovation & Entrepreneurship

Your Commitment …

Do the Work and Earn Your Grade…!!!

(Maybe your first experience with entrepreneurship)

Vision to Reality

“Tis easy to see, hard to foresee.”Ben Franklin(1706-1790)

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“People often fail because they trade what they want most for what they want now.”

Vision To RealityThe Road Ahead…

Part One: Opportunity

Part Two: Feasibility

Part Three: Planning

Part Four: Growth and Change

Elevator Pitch and Venture Presentations---------------------------------------------------------------------------------------------------------------------------------

Now ….”A Group Exercise” – Current Trends

Class WorkshopBreak into groups of 4-5 people

As a group, discuss and agree on 3 current

trends that may affect your pursuit for a professional career and/or business Idea.

Present Three Trends and WHY… > One power point, no more than 6 bullet points

Class WorkshopBreak out….

One power point, no more than 6 bullet points

Three Current Trends…

Trend One… And Why Trend Two… And Why Trend Three… And Why

Vision to Reality

* Workshop Observations…

Wrap Up….The Syllabus

On The Website

Next Week…

The Journey Continues…

Vision to Reality

Thank you for tonight

Great to see you here

Let’s be entrepreneurial together this semester