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Agenda

• Kauffman’s strategy for entrepreneurship

• Judges’ recommendations for final proposals

• Group Q & A

• Lunch

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OverviewJune 2003

A Blueprint for Future Entrepreneurship Initiatives

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Key factors contributing to strategy The context:• 150+ interviews• Extensive research review• 5 key factors bubbled to the top• Key factors > Validation of assumptions > Strategy

…establishing a culture of evidence-based decision making

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

• Entrepreneurial success: Closing the gap between the state of knowledge and the state of practice presents a challenge and opportunity.

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

• Entrepreneurial success: Closing the gap between the state of knowledge and the state of practice presents a challenge and opportunity.

• Rapidly expanding segments: Women, minority, and social entrepreneurs are rapidly expanding segments with promising potential.

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Key Factor #4

The role of intermediary organizationsIntermediary: Any individual, firm or organization interfacing with entrepreneurs and furthering their development in any way

Entrepreneurship organizations Incubators Economic Development offices Entrepreneurship centers Chambers of Commerce Small Business Development Centers Lawyers Accountants Trade associations Consultants Industry training institutes Business schools Bankers Community colleges Universities 4-year colleges Engineering schools

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

• Entrepreneurial success: Closing the gap between the state of knowledge and the state of practice presents a challenge and opportunity.

• Rapidly expanding segments: Women, minority, and social entrepreneurs are rapidly expanding segments with promising potential.

• Intermediaries: The potential to significantly increase reach and impact through intermediaries warrants further research.

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

• Entrepreneurial success: Closing the gap between the state of knowledge and the state of practice presents a challenge and opportunity.

• Rapidly expanding segments: Women, minority, and social entrepreneurs are rapidly expanding segments with promising potential.

• Intermediaries: The potential to significantly increase reach and impact through intermediaries warrants further research.

• Entrepreneur learning: New learning technologies, combined with the other factors, present a historic confluence and opportunity.

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Implications for Kauffman strategy• Job creation: Focusing our resources on firms under 20

employees, especially business starts and growers, targets the top job-producing sector.

• Entrepreneurial success: Closing the gap between the state of knowledge and the state of practice presents a challenge and opportunity.

• Rapidly expanding segments: Women, minority, and social entrepreneurs are rapidly expanding segments with promising potential.

• Intermediaries: The potential to significantly increase reach and impact through intermediaries warrants further research.

• Entrepreneur learning: New learning technologies, combined with the other factors, present a historic confluence and opportunity.

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Working definition of “Entrepreneur”

An individual engaged in the process of starting and growing one’s own business or idea

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Entrepreneurial activity

Program goalsIncrease the number and success rate of those individuals

starting and growing their own businesses or ideas

Why?• Provide jobs and

opportunities for individuals and communities

• Create a vibrant economy and global competitiveness

• Produce self-sufficient individuals who give back to society

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Entrepreneurial activity

Primary means to achieving goals

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Primary means to achieving goals

Entrepreneurial activity

Research the formulas for

success and attributes of successful entrepreneurs

MixWeb portal

Learning programsIntermediaries

Fuelentrepreneurs with Kauffman programs

that provide expertise, education and support

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VisionAccelerate entrepreneurship through the timely delivery

of world-class, innovative, research-based programs and services

Entrepreneurial activity

MixWeb portal

Learning programsIntermediaries

Fuelentrepreneurs with Kauffman programs

that provide expertise, education and support

Research the formulas for

success and attributes of successful entrepreneurs

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Kauffman Campus Initiative

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Judges’ recommendations for final proposals

• Leaps, not incremental change• Tangible content assets• Faculty engagement across campus• Well-conceived program implementation• Measurable outcomes• Shared knowledge• A leveraged and sustainable financial plan

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Group Q & A