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Entrepreneurial Activities at PSU
Feb 9th, 2010
Kaufman Foundation
We recognize that university environments are natural breeding grounds for creativity, the exchange of ideas, and new ways of looking at and studying things. Colleges and universities have embraced entrepreneurship, making it the fastest-growing field of study on campus ….
(www.kaufman.org)
Overview
Intro to Business (BA 101) Business Outreach Program: Lara Damon
(http://www.sba.pdx.edu/bop/index.php) Social Entrepreneurship:Cindy Cooper
(http://sba.pdx.edu/sii/) PSU Business Accelerator:Chris Axtell
(http://www.psba.pdx.edu/) Center for Entrepreneurship: Melissa Appleyard
([email protected]) Q and A
BA 101 20 sections per year, required for business major and minor. Group project to develop a start up business plan.
“Four in 10 young people have or would like to start their own business someday.”
“Those who want to have their own business say their top reasons are to use their skills and abilities (92 percent), build something for their future (89 percent), be their own boss (87 percent), see their ideas realized (81 percent) and earn lots of money (85 percent).”
Harris Interactive’s 2007 YouthPulseSM
Business Outreach Program The Business Outreach Program’s mission is to help small businesses
including, emerging, minority and women-owned businesses, achieve their potential while providing students with opportunities for community based-learning.
Annually Serving: 60 locally owned small businesses located in the Portland
(approximately) 80% of clients are existing businesses 72% of clients are Minority or Women-Owned businesses Over 60% of clients are low income individuals (based on 50% or below
median income of Portland area 60 PSU students acting as student consultants serving up to 15
business clients 2-4 PSU SBA student interns employed by BOP to serve clients
Business Outreach Program
Services Available: Business and marketing plan
development Business analysis Accounting setup and training
– QuickBooks Marketing analysis and
strategy development Brand development Human resource management Pro Bono legal services Loan readiness preparation Resources
Delivery of Services: Counselors Student Consulting
Teams Student Interns Business Development
Workshops
Social Entrepreneurship
Using the power of entrepreneurial
innovation to tackle social and environmental
problems.
Social Innovation Incubator
Customized support to:
• Reduce search costs
• Reduce time to market
• Avoid pitfalls / learn from experience
• Persist
= Increase likelihood of success
Social Innovation Incubator
Social Innovation Incubator
2 intrapreneurial projects RITS: web-based tracking system tied to RFID tags to be
piloted in Tanzania Barista and roaster training in Oaxaca, MX
Start-up to leverage for-profit and non-profit entities Cervical cancer screening device
PSU’s Science & Technology Business Incubator / Accelerator
Founded in 2004 Served 42 technology startup companies Working with 20 companies at a time PSBA has a 84% success rate 100% of companies work with PSU
PSBA’s Value Proposition
Help technology entrepreneurs become investor ready and fill their company’s gaps.
Provide an entrepreneurial community for resident entrepreneurs to share ideas and resources.
Connect entrepreneurs to business development coaching and advising & PSU faculty and students.
Facility: •40,000 square foot office building, •Office / lab space for up to 25 companies
Location:•SW Corbett & SW Meade•One mile from PSU SBA•Near the Ross Island Bridge
Winner of Angel Oregon 2009
Lynn Stevenson
CEO
David Peyton
Co-founder & PSU Professor
PSBA / PSU support • Investor readiness coaching• MBA project teams• Lab space on campus• IT service provider referrals
PSBA / PSU support L2M ETM Team MBA Team Student interns
Jon Hofmeister, Founder & President
PSU Center for Entrepreneurship
The School of Business at Portland State University is leading an initiative to develop a world-class capability in entrepreneurship that provides the curriculum, mentoring, information, and network links that innovators – researchers, students, members of the community – need to launch their ideas and create successful companies. PSU’s Entrepreneurship Center will:
Deepen the entrepreneurial mindset and capabilities of the region’s innovators through educational programs;
Increase deal flow by providing expert support for vetting ideas, choosing the most appropriate vehicle for commercialization and social innovation, developing creative business models, and launch mentoring;
Accelerate bringing ideas to fruition by providing innovators with a “one-stop-shop” for the resources and processes required to reach the market.
Strategic Initiative 2
EmergingEntrepreneur
1-week Entrepreneurship
Intensive(MBA elective;
open to community)
COURSES
Pioneering Innovation
(MBA core course)
Market and Technology Assessment
(MBA elective)
Social Entrepreneurship and
Intrapreneurship(MBA elective)
Social Innovation and Entrepreneurship
(MIM/MBA elective)
Introduction to Entrepreneurship
(MBA elective)
New Business Launch and Growth
(MBA elective)
Global Entrepreneurship
(MIM elective)
SUPPORT
Elevator Pitch Competition
Launch mentoringGraduate Business
Projects (MBA/MSFA/MIM)
Social Innovation Mentoring
Start-Up Funding
OUTCOMES
Innovation Management & Entrepreneurship (MBA Concentration)
Strategic Initiative 3 (w/CGLS)
Social Innovation
Strategic Initiative 1(w/OHSU)
Lab2Market
“Graduation” to PSU Business
AcceleratorJob Creation
Graduates with an Entrepreneurial
Mindset
Prototypes Sustainable Regional
Development
LAUNCH SERVICESSocial Innovation Incubator (SI2)
Thank you!
PPT’s will be on the sba web site
Any Questions???
Next Teaching Brown Bag will be an overview of the Center for Academic Excellence Programs. March 9th in SBA 390.