Stanford Technology Ventures Programhttp://stvp.stanford.edu

Slide 1

State Policy Academy on Entrepreneurship

New Orleans, July 16, 2001“Human Capital for Entrepreneurship:

Higher Education”

How to Build a Successful Entrepreneurship Education Program for Engineers and Scientists: The Stanford

Recipe

Professor Tom ByersStanford University

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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My Background & Perspective

1980’s 1990’s

Executive @

Founder @ Slate

Ph.D. @

Educator @ Stanford

Board of Directors Member

2000’s

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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Our mission is to acceleratehigh-technology entrepreneurshipeducation and research across top

engineering schools worldwide.

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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STVP’s Strategy and STVP’s Strategy and ActivitiesActivities

Teaching: Research:

Outreach:

Create and deliver curricula for engineering

education

Support research on

high-technology entrepreneurshi

p

Disseminate results to accelerate similar efforts worldwide

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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I. First Things First … Why Care?

Why is This Important?Why in Your Region/State?

1. Economic growth depends on both high technology and entrepreneurship

2. Skill development of next generation of technology leaders and managers

3. Opportunity to build strong relationship between university and industry

4. Huge opportunity for impact through ~ 1 million students

1. Economic development of region

2. Self-sustaining and growing communities

3. Reputation of universities in your region as innovators

4. Successful entrepreneurs eventually give back to the community

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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II. What’s the Situation at the University

… Regional Profile?

1. Efforts so far at your university or college?

2. Located near a technology region?

(Seattle, Austin)

3. What is primary technology sector in your

region?

4. Are there community contacts/role models

available?

5. Focus on small business or high potential

ventures?

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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II. What’s the Situation at the University

… University Profile?1. Fit with university’s or school’s vision and strategy?

2. University’s orientation: research or teaching?

3. Public or private?

4. Undergraduates only or a mix?

5. How much activity in business school to date? Attitude

towards

engineering & science students in general?

6. Which school has most power and influence in university?

7. Support to date and opportunities for more funding? What

are major sources of funds?

8. Support from university administrators and successful

alumni?9. Is there an identified champion and charismatic leader for

this endeavor through faculty or senior staff?

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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III. What Can a University Do?

Basic Advanced

Seed funding for a pilot program Long-term grants & endowments

Establish and support a champion to pilot an e-ship program

Implement a simple work/study program (e.g., KEIP program)

Brochure and simple web site

Student entrepreneurship club: entrepreneurship speaker series with faculty advisors & networking

Full tenure-line and adjunct faculty, center director, and staff

Full MFP-like program with courses, networking, and mentors

Extensive web site as a teaching tooland community resource

Business plan competition, start-up job fair, networking w/ other schools, weekly email regarding e-ship events

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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III. What Can a University Do? (Cont.)

Basic Advanced

Give course Intro. to High- Technology Entrepreneurship withSTVP design & HBS case studies

More courses: venture creation, growth, marketing, strategy, finance … and leverage existing courses

Join ASEE’s Entrepreneurship Division and LLEEP’s clinics

Develop an advisory board with key community leaders

Build a community of students

Identify faculty around the university to collaborate

Develop relationships with VCs

Participate in REEE @ Stanford and NCIIA

Create networking events and mailing lists for your region

Build a community of alumni

Create an e-ship task force

Consider establishing an incubator

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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IV. Who Can Help … Local Resources?

• Department Chairs (e.g., Computer Science)• Engineering Faculty• Sciences Faculty• Dean, Provost, and President• Student Service Coordinators for Each

Department• Development Officers (Fundraisers)• Business School Faculty in Entrepreneurship• Technology Transfer Office• Medical and Law Schools• Community Leaders• Alumni: Entrepreneurs, CEO’s, & Founders• Support Services: VC, Law, Big 5 Accounting and

Consulting• Campus Placement & Career Skills Groups• … Government Leaders!

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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IV. Who Can Help … National Resources?

• Stanford Technology Ventures Program http://stvp.stanford.edu

• Lifelong Learning for Entrepreneurship Education Professionals http://www.lleep.org

• Kauffman Center for Entrepreneurial Leadership http://www.kcel.org • American Society of Engineering Educators (E-ship Division) http://www.asee.org

• National Collegiate Inventors and Innovators Alliance http://www.nciia.org

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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V. How Much Will It Cost?

Startup Costs?$150K

Basic Advanced

Ongoing Budget?$100K / year

Incremental Budget?$300K / year

Note: Some of these costs could be in-kind support from the university, such as existing tenured faculty and

facilities.

Stanford Technology Ventures Programhttp://stvp.stanford.edu

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Thank You!

Tom Byerswww.stanford.edu/~tbyers

tbyers@stanford.edu 650-725-8271

Note: STVP is funded by the generosity of the Kauffman Center for Entrepreneurial Studies, Price Institute of Entrepreneurial Studies, and

various Silicon Valley entrepreneurs and venture capitalists.