#tucamaraenaccion

The Puerto Rico Chamber of Commerce Birling Capital, BDO Puerto Rico, LLC, and El Nuevo Día present:

The Impact of Entrepreneurship on

Higher EducationJorge Haddock

PresidentUniversity of Puerto Rico

P u e r t o R i c o C h a m b e r o f C o m m e r c e 2

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Our vision at the University of Puerto Rico:

• Entrepreneurial university with the aim of creating social and economic value througha culture of innovation

P u e r t o R i c o C h a m b e r o f C o m m e r c e 3

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

• University Operations

Entrepreneurship in Higher Education

• Curriculum Development

• Idea Creation to Market

P u e r t o R i c o C h a m b e r o f C o m m e r c e 4

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

University Transformation Culture of Responsibility

Continuous Improvement

Modern Technology

P u e r t o R i c o C h a m b e r o f C o m m e r c e 5

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

New Financial Model

New Sources of Income

Academic Reengineering Lean Management

P u e r t o R i c o C h a m b e r o f C o m m e r c e 6

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Entrepreneurship in Higher Education

• Curriculum Development

P u e r t o R i c o C h a m b e r o f C o m m e r c e 7

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Río Piedras:• Minor in Entrepreneurship• Master’s Degree in Culture Management

Mayagüez:• Bachelor’s Degree in Agribusiness• Minor in Entrepreneurship• The New Venture Development Experience

Other campuses• Minor in Entrepreneurship

Entrepreneurship at the UPR

P u e r t o R i c o C h a m b e r o f C o m m e r c e 8

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Our students develop skills in:• Leadership and Management

• Empathy, Creativity

• Critical Thinking

• Collaboration and Teamwork

• Effective Communication

Entrepreneurship at the UPR (Cont’d)

P u e r t o R i c o C h a m b e r o f C o m m e r c e 9

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

We have 44 credit courses focused on entrepreneurship

Selected Courses

• Design Thinking

• Customer Discovery & Value Proposition

• Prototyping & Pitch

• Market Discovery

• Path to Market & Business Model Canvas

• Intellectual Property Research

P u e r t o R i c o C h a m b e r o f C o m m e r c e 10

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Professors from Various Disciplines with Entrepreneurship Training, by University

0

20

40

60

80

100

120

Total Adiestrados

UPR

INTER

SUAGM

USC

PUCPR

EDP

POLI

Otras Universidades

NUC

Institutos Tecnológicos

Carlo Albizu

Interamerican Business Education Center

P u e r t o R i c o C h a m b e r o f C o m m e r c e 11

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Entrepreneurship in Higher Education

• Idea creation to market

P u e r t o R i c o C h a m b e r o f C o m m e r c e 12

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

UPR students go through these steps to get from IDEAS to ACTIONS

P u e r t o R i c o C h a m b e r o f C o m m e r c e 13

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

CurrentSituation

StageLearning

• Basic Startup Concepts

• Creativity

• Teamwork

• Leadership

• Negotiation

• Creation of a Viable Product

• Metrics for Startups

• Idea Pivot

• Intellectual Property

• Pitching the Idea

• Raising Money

Most campuses have majors and minors, student skills:

P u e r t o R i c o C h a m b e r o f C o m m e r c e 14

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Current Situation

StageCreate

Students develop skills and experiencesso their ideas can become final products. Students are provided with resources and mentorship to refine their ideas and create prototypes.

P u e r t o R i c o C h a m b e r o f C o m m e r c e 15

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Current Situation

StageLaunch

Product launch and investor match:

We offer our students the following support:• Legal Services • Intellectual Property Protection• Tutoring and Support • Visibility

P u e r t o R i c o C h a m b e r o f C o m m e r c e 16

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Examples:

Health, “The tent”:

• For bedridden patients during events such as earthquakes

• Devices to store and keep insulin safe for 48 hours without power

P u e r t o R i c o C h a m b e r o f C o m m e r c e 17

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Impactful results:

• MBQ Pharma cancer treatment

P u e r t o R i c o C h a m b e r o f C o m m e r c e 18

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

BrainHi, a company based on artificial intelligence, was the first Puerto Rican startup to enter the prestigious accelerator “Y Combinator” in Silicon Valley. It received $500,000 in funds.

P u e r t o R i c o C h a m b e r o f C o m m e r c e 19

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

INSU Health Design developed a cooling system to preserve and protect medicines for biomedical patients.

INSU was selected to participate in the Bravo Family Foundation’s program Rising Entrepreneurs, which provides mentorship por16 weeks and $30,000 to continue developingthe product.

P u e r t o R i c o C h a m b e r o f C o m m e r c e 20

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

Historical increase in patents:

• In two years, the Office of Intellectual Property and Technology Transfer of the UPR has developed 26 new patents for a total of 98.

• These patents have an economic and social impact on the Island.

• The new patents are aimed at cancer prevention, sciences and art of scuba diving, and capsules to make agriculture possible on planet Mars.

P u e r t o R i c o C h a m b e r o f C o m m e r c e 21

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

P u e r t o R i c o C h a m b e r o f C o m m e r c e 22

CAPITAL ADVISORS, LLC

A BOUTIQUECORPORATE ADVISORY& CONSULTING FIRM.

For more details on the ecosystem

www.upr.edu/emprende

www.camarapr.org #CamaraEnAccion

THANK YOU!