Category Archives: Entrepreneurship Programs

Visit to Halcyon Incubator | #SOCENT #Incubator #DC

Earlier this week I was fortunate to tour Halcyon Incubator in the Georgetown neighborhood of DC. The year long social entrepreneurship incubator, offers 8 early stage social entrepreneurs the opportunity to live and work in the Halcyon Incubator_Infographic_930x1628WEB_072815House (a bit more on the property later).

For the first 5 months the entrepreneurs participate in the ‘residency’ phase with skills sessions, pitch opportunities, weekly lunches, mentors, consultants and others supporting their ventures development. For the next 7 months the entrepreneurs live and work in the Halcyon House — a gorgeous, amazingly decorated mansion in Georgetown (virtual tour) with everything from a ballroom to beautiful grounds with a pool.

The newest cohort of Halcyon Fellows are just moving in and beginning their year in the program. They are a diverse lot solving important problems and I look forward to meeting some of them and watching their progress over the next year.

The deadline to apply for the next cohort of fellows is October 14, 2015. If you are an early stage social entrepreneur please check this program out. If you know an emerging social entrepreneur, share the application with them.

The library on the top floor of the Halcyon House. Various sessions are held in this room for the fellows.

The library on the top floor of the Halcyon House. Various sessions are held in this room for the fellows. Awesome space for social entrepreneurs.

Tina Seelig of Stanford on Why It’s Imperative to Entrepreneurship

Paul Rogers tweeted a great piece by Tina Seelig at Medium: Why It’s Imperative to Teach Entrepreneurship. Its short and to the point and worth reading and sharing.

Our education system is responsible for preparing young people to build successful lives. They should be ready for the wide range of possibilities ahead of them, including working for others, starting their own ventures, and contributing to their communities. All of these options require a depth of knowledge in their chosen discipline, as well as creative problem solving skills, leadership abilities, experience working on effective teams, and adaptability in an ever-changing environment. It’s no coincidence that these are the same capabilities that employers say they want in college graduates.

These skills are the cornerstones of entrepreneurship education, which explicitly prepares students to identify and address challenges and opportunities. Therefore, along with teaching traditional subjects, such as science, grammar, and history, that provide foundational knowledge, it’s imperative that we teach students to be entrepreneurial.

UW-Madison Suspends 18 Year Old Business Plan Competition #entreed

In surprising news, the G. Steven Burrill Business Plan Competition  at UW Madison has been called off for 2016.  From Judy Newman at the Wisconsin State Journal:

A highlight of the UW-Madison’s School of Business for the past 18 years, a notice on the contest’s website says “due to budgetary constraints,” the Burrill competition is being “suspended.”

“The impact of the Burrill Business Plan Competition on the local community is hard to understate,” said Joe Kirgues, co-founder of the gener8tor startup accelerator and a finalist judge for the Burrill the past two years.

“I was really surprised to hear they decided to cancel it,” said Chris Meyer, co-founder of the Sector67 maker space. “It was crucially important in terms of getting my business started.”

The Burrill contest has produced some noteworthy winners.

They include Virent Energy Systems, a Madison biofuel company collaborating on alternative fuels with Royal Dutch Shell and on recyclable, plant-based plastic bottles with The Coca-Cola Co., and EatStreet, formerly BadgerBites, a Madison company offering mobile restaurant food delivery.

“We are disappointed to learn there will not be more opportunities for companies like these to receive the resources and advantages made available to them through the Burrill (competition),” Kirgues said.

Little positive about this announcement: just not sure if this is about Wisconsin politics or the actual value of the competition? We will stayed tuned to see what happens next.

Local CEO Questions UC San Diego’s Approach to Entrepreneurship Education #highered #bizschool

Today’s WSJ features a blistering critique of the recently shuttered Moxie Center for Student Entrepreneurship at UC San Diego’s School of Engineering. The tagline for the center was dream, design, develop and Ken Kuang’s WSJ piece, Teaching Entrepreneurs to Dream, mocks the center, its results, and higher education’s approach to entrepreneurship.

While Kuang presents his personal experiences and opinions on entrepreneurship education at “prestigious universities,” his anger appears misdirected as he seems to be more upset that UCSD spent all of the money in 2.5 years (money donated by private philanthropists not out of tuition or state funds). Kuang does not explain what the arrangement/agreement was between the school and its supporter and therefore is in murky water when trying to determine success or failure of the last experience.

Moreover, from my 3 minute visit to the Moxie Center page, its clear the center was part of the engineering school. Nowhere in Kuang’s piece does he mention this.

He does however use anecdotal examples of MBA students to suggest that business schools are failing when it comes to entrepreneurship education. You can see how this plays out in the comments section on the bottom of the article (eg — “A civilization in decline? You be the judge. A ‘business school’ that doesn’t teach about profits and losses is a dead loss.”). He offers his own solutions (a Chinese model of new venture creation) in the article.

I am not familiar with the Moxie Center, its funding, goals, activities, etc, nor do I know much about UCSD, so I will refrain from commenting on the particular case that Kuang presents, but I do know that many colleges and universities have seen incredible success with student entrepreneurs, many of which emerged through classes, entrepreneurship programs and events, and interactions with faculty, alumni and regional economies. We do have actual data on this.

Moreover, centers, programs, degrees, sports teams, hotels, and many other institutions come and go in modern research universities — at least responsive ones. The closing of a center is in many ways business as usual. Its possible that the center was replicating (not a 3D printing joke!) other work on campus (there are multiple entrepreneurship centers/classes/programs around UCSD — see here) and the decision was made to work within those offerings. Who knows?

What we do know is that many schools educate and support students interested in creating firms and many of those firms will fail, especially if they are truly attempting to innovate — this is after all entrepreneurship.

We also know that its great when entrepreneurship programs are integrated with regional ecosystems and engage innovators locally and am happy to see that Mr. Kuang and his colleagues in San Diego are looking for ways to support students interested in innovation and entrepreneurship.

Its also nice to see that Mr. Kuang has a book. I had not heard of it before, but here is the Amazon page for From Start-up to Start: 20 Secrets to Start-Up Success. If anyone’s read it, let us know what you think.

GE, Carnegie Mellon Announce Robotics Fund

News from last week highlights that more big innovators (and funders) know the value of the campus.  GE has partnered with Carnegie Mellon University and announced a $20 million robotics venture accelerator fund for campus. robotFrom the Pittsburgh Post-Gazette:

A new accelerator program and a $20 million venture fund started by Carnegie Mellon University and GE Ventures could brand Pittsburgh as the official home of the globe’s growing robotics industry.

CMU’s National Robotics Engineering Center and GE Ventures, the investment arm of Fairfield, Conn.-based General Electric, have teamed up to create The Robotics Hub, an independent, early-stage startup accelerator program designed to draw the nation’s best advanced robotics firms to Pittsburgh and to keep those started here firmly in place.

The for-profit Robotics Hub will provide funding through newly created Coal Hill Ventures and access to equipment at CMU and the NREC to chosen companies by 2016, in addition to putting their creations on a fast track toward commercialization.

Venture Fund Targets Campus Startups | @PejmanMar Partners w @BerkelyHaas

Further evidence that the campus is the frontier — early stage venture fund Pejman Mar Ventures, which has history in investing in and supporting student startups from Stanford, has taken its show around the bay area to UC Berkeley’s Haas School of Business.

The firm has announced a new challenge — The Pejman Mar Ventures $250K Berkeley Startup Challenge. It follows on their The Garage program that offers space for Stanford entrepreneurs to ‘hang’ out in Pejman Mar offices in Palo Alto.

I am defending my dissertation next Monday July 13th and am glad to see that the value of the campus for entrepreneurs is continually being recognized and people and firms are supporting on student entrepreneurs.

PhD Update: Entrepreneurship, Students, and Universities

I am in the final month of my dissertation at George Mason University. This blog grew out of my early research, as did the twitter handle Campus_Entre. I’ve learned a great deal and am happy with the database of high growth student entrepreneurs, their firms, and schools, as well as the case study of the University of Chicago. cover_frontier_quote

I also developed basic campus ‘pathways’ based on themes that emerged from the qualitative and quantitative data collected.

The question of whether the campus offers frontier attributes (liberty, diversity, and assets) is the center of this research. This portion of the paper uses the ideas of Frederick Jackson Turner’s Frontier Thesis.

Moreover, if the campus does in fact offer frontier attributes and supports ‘frontier outcomes (new norms, innovative products, new organizations, and socio-economic change), how can we replicate these attributes in other organizations, institutions and sectors?