Denmark Keynote: Universities, New Ventures, and Culture

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IkhlaqSidhu,contentauthor

Ikhlaq SidhuFounding Faculty Director Sutardja Center for Entrepreneurship & TechnologyDepartment of Industrial Engineering & Operations Research IEOR Emerging Area Professor Award

Universities,NewVentures,andCultureDenmarkSeptember2017

IkhlaqSidhu,contentauthor

MyPerspective:Sutardja CenterforEntrepreneurship&Technology

CollegeofEngineering,UCBerkeley

ApproachBerkeleyMethod:Ø EntrepreneurshipØ InnovationLeadership

IkhlaqSidhu,contentauthor

Our Model Brings Bay Area Executives and Entrepreneurs into the Classroom

1500 Undergraduates100 Ph.D / Graduate Students100 Executives10 Global Partners

Michael Marks, KKR, former CEO, FlextronicsShomt Ghose, Venture Partner, Onset VenturesUdi Manber, VP Engineering, GoogleMarc Andreesen, Founder, NetscapeLarry Baer, COO, San Francisco GiantsAmine Haoui, CEO, Sensys NetworksStacey Lawson, Founder In Part, Executive SeibelJim Davidson, Managing Director, Silverlake PartnersDonna Dubinsky, Former CEO, PalmMatt Caspari, co-founder, Aurora BiofuelsRichard Gorman, SVP, Siebel SystemsMike Olson, founder and CEO, ClouderaBrodie Keast, EVP, TiVoDavid Ladd, Managing Director, MayfieldJeff Miller, CEO, DocumentumEva Miranda, SVP, Sony CorporationRavi Mohan, Managing Director, Shasta VenturesTed Hoff, Inventor,of the MicroprocessorNat Goldhaber, Managing Director, Claremont Creek VenturesPeter Thiel, co-founder and CEO, PayPalVictoria Hale, founder and CEO, Medicines 360Steve Newcomb, founder , Powerset (part of Microsoft�s BING)Pehong Cheng, CEO, Broadvision

IkhlaqSidhu,contentauthor

LOTS OF ACTIVITY

CHALLENGE LAB

GLOBAL PROFESSORS

NZTV

SELF-DRIVINGCOLLIDER

DATA-X CHATBOT COLLIDER SCET IN TAIWANJOHN BATTELLE

FOUNDER WIRED MAGAZINE

NEWS COVERAGE

IkhlaqSidhu,contentauthor

Ourmodelhasadapted:Businesstrainingisnottheonlykeyelement

Oureffectivenessformulais:• Depthinanvaluedarea• Entrepreneurial“behaviorsandmindset”

Ourprogramsandprojectsprovidethis.

Our model has adapted: Business training is not the only key element

SkillinaCoreArea

InnovationBehaviorsandMindset“PsychologyofInnovation”

High Potential

Too Narrow

Street smart, but lacking depth

IkhlaqSidhu,contentauthor

What is happeningat the Sutardja Center (SCET)?

• We are changing education• Students change the world• Our lab area enable new industries and new

ways to collaborate

IkhlaqSidhu,contentauthor

The Greater Silicon Valley: An Innovation Accelerator

My other perspective is Silicon Valley

IkhlaqSidhu,contentauthor

Silicon Valley – What is it like?

• Approx.6Mpeople

• 400,000+techjobs(~25%oftheworkforce)

• Moremillionaires&billionairespercapitathananywhereelseinUSandEurope

• Thousandsofexperiencedentrepreneurs.

• 50%ofallventureinvestingintheUS

• 2,000+angelinvestors,29ofthe100largestUScompanieshaveHQinSV

• Decisionsaremadeatlightningspeed

• Followupinhours,notdaysorweeks

DatafromUSMAC

IkhlaqSidhu,contentauthor

DemystifytheVentureCreationProcess

IkhlaqSidhu,contentauthor

UniversitiesandIndustryMisconception

Universities

SmartestPeople

NewVentures

Technology

Message1:AMisconception

IkhlaqSidhu,contentauthor

UniversitiesandIndustry

SmartestPeople

NewVentures

Technology

Thisismisconception

Universities

IkhlaqSidhu,contentauthor

UniversitiesandIndustry

Universities:StanfordBerkeleySmartest

People

WorldBrainDrain

LargeFirms

NewVentures

Create

Grow

SkilledEmployees

IkhlaqSidhu,contentauthor

UniversitiesandIndustry

Universities:StanfordBerkeleySmartest

People

WorldBrainDrain

LargeFirmsNewVentures

Create

Grow

SkilledEmployees

IkhlaqSidhu,contentauthor

ACriticalFactor

IkhlaqSidhu,contentauthor

• SanDiego• Chicago

TwoCitiesinUSA

Message2:(Innovation)CultureMatters

IkhlaqSidhu,contentauthor

ComponentsofAnyIndustryClusterorEcosystem

Government Policy

People with Skills

Venture Capital / Private Equity

Entrepreneurs Support System

Universities

Industry Base or Cluster

IkhlaqSidhu,contentauthor

ComponentsofAnyIndustryClusterorEcosystem

Government Policy

People with Skills

Venture Capital / Private Equity

Entrepreneurs Support System

Universities

Industry Base or Cluster

Hidden Essential Ingredient

IkhlaqSidhu,contentauthor

ComponentsofAnyIndustryClusterorEcosystem

Government Policy

People with Skills

Venture Capital / Private Equity

Entrepreneurs Support System

Universities

Industry Base or Cluster

Hidden Essential Ingredient

Innovation Culture& Mindset

IkhlaqSidhu,contentauthor

Message3:

Teachboth:skillsforinnovationcultureforinnovation(behaviorandmindset)

WhatCanaUniversityContribute

IkhlaqSidhu,contentauthor

AdviceforResearchers

IkhlaqSidhu,contentauthor

ResearchbasedEntrepreneursTendtoWatchtheTrends

DesignOfToday

5years

Densityofmemory

Speedofcomputing

Costofbandwidth

ResearchProjectProposalToday

IkhlaqSidhu,contentauthor

Misconception

WorkinLabfor5years

ShowWorld

TheyLoveitAndadoptit

IkhlaqSidhu,contentauthor

Misconception

WorkinLabfor5years

ShowWorld

TheyLoveitAndadoptit

Instead:

InviteWorld(Industry)to

collaboratewithyou

Letthemtellyouwheretheindustrywillbe

in5years

Intersectwiththeirroadmapin2-3years

TheyLoveitAndadoptit

IkhlaqSidhu,contentauthor

Contact:

IkhlaqSidhuFacultyDirector,Sutardja CenterforEntrepreneurship&TechnologyIEOREmergingAreaProfessor,UCBerkeleysidhu@berkeley.edu

scet.berkeley.edu

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