Philanthropy Roundtable

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.

Philanthropy RoundtableMay 14, 2009

Judith Cone • Vice President

“Every individual that we can inspire, that we can guide, that we can help to start a new company, is vital to the future of our economic welfare.” — Ewing Kauffman


The Role of Donors in Advancing Entrepreneurship in Colleges and

Universities


• Enormous pool of ideas, talent, and resources available on campuses. Large investment of public funds.

• Entrepreneurs create and distribute the goods and services needed by society.

– Create jobs and wealth

– (often returned to society via philanthropic giving)

• Entrepreneurship = attitude, a set of skills, and action.

• Give students, faculty, and staff permission to be problem solvers, invite them to be part of the solution.

• Teach/learn the skills to bridge the gap between dreaming and doing. Build self-efficacy.

• Hold up responsible entrepreneurship as a noble pursuit.

Why Entrepreneurship on Campus?

Unleash Creative Potential for Society’s Good


Students and Parents are Seeking…

Entrepreneurship – one of the fastest growing subjects – quadrupled in last three decades

2,136 of 2,662 two-and four-year non-profit colleges and universities (80%) offer at least one course in entrepreneurship

300+ offer baccalaureate degree

347 offer master’s concentrations (of 847 MBA programs)

30+ Ph.D. concentrations (and growing)

18 academic departments


Students enrolled in entrepreneurship by academic field of study


Outcomes

Greater appreciation of entrepreneurship’s role in society.

More students, better prepared to transform ideas into enterprises that generate value.

Greater understanding of entrepreneurshipA respected cannon on entrepreneurshipNew knowledge

Innovations applied to society. Enterprises created.Economic resilience, growth, prosperity

Educate

Service/Outreach/Economic Development

Research


Donors Fund

Educate: Course development, internships, idea bounce, business plan competitions, convening faculty; fund experiments, centers, endowed chairs

Research: Fund entrepreneurship research; translate and disseminate research; fund dissertations; invest in data sets; books; workshops

Service: Move ideas to marketplace (tech transfer); conferences, mentoring models; innovative programs


Donors Make it Possible – a Few Examples

Desh Despande

Arthur Blank

Sol C. Snider

Karl Eller

Henry Block

Larry Levy

Lee Pillsbury

Frank Batten

Frank Kenan

Peter Fox

Robert Scandalaris

Alec Dingee

Jeff Sandefer

Burton D. Morgan

Eugenio Pino

Walter Haas


Kauffman CampusesCross-Campus Entrepreneurship

Entrepreneurship education available to all students

Move beyond business schools to other disciplines

– Round 1: 8 schools, $25M + $75M Matching

– Round 2: 11 schools, $23M + $120M Matching

Matching funds from various sources, entrepreneurs

Development officers involved

Other schools doing cross-campus with Kauffman’s advising but not funding.

A movement?


U of Rochester - nursing


Stanford U – biology – interdisciplinary - fellowships


Cornell – hospitality


U of Maryland, Baltimore County – technologies – market opportunity - management talent - mentoring


U of Texas – masters in commercialization


MIT - Venture Mentoring – young entrepreneurs


Georgia Tech + Emory Law – interdisciplinary lab to market

Documents

Philanthropy Roundtable