EntrepreneurshipEntrepreneurshipEducation at CMUEducation at CMU

S. Thomas Emerson, Ph.D., DirectorS. Thomas Emerson, Ph.D., Director

Donald H. Jones Center for EntrepreneurshipDonald H. Jones Center for Entrepreneurship

Posner Hall 231 — (412) 268-5382Posner Hall 231 — (412) 268-5382

Emerson@andrew.cmu.edu

Assistant: Donna Erdner — (412) 268-7869Assistant: Donna Erdner — (412) 268-7869

De0d@andrew.cmu.edu

Office hours by appointment.Office hours by appointment.

“The best way to predict

the future is to invent it.”

Peter F. Drucker

Core Beliefs at DHJCECore Beliefs at DHJCE

• Entrepreneurship can be Taught. Entrepreneurship can be Taught.

• It is Important to Teach It!It is Important to Teach It!

• Successful Entrepreneurs are the Best Teachers.Successful Entrepreneurs are the Best Teachers.

• Academic Rigor + Hands-On Experience = Excellence.Academic Rigor + Hands-On Experience = Excellence.

Donald H. Jones Center StaffingDonald H. Jones Center Staffing

1. Three full-time professors. (3 endowed chairs)

2. Seven adjunct professors.

3. Three full-time staff personnel.

4. All professors and adjuncts are successfulentrepreneurs or venture capitalists.

8 Undergraduate Course Offerings8 Undergraduate Course Offerings

70-415 Entrepreneurship I (3 sections)

70-416 Entrepreneurship II

70-414 Technology-Based Entrepreneurship

70-397 Entrepreneurial Finance

70-418 Financing Entrepreneurial Ventures

70-417 Topics in Entrepreneurship

70-502 Independent Study

70-500 Honors Thesis

12 Graduate Course Offerings12 Graduate Course Offerings

45-880 Introduction to Entrepreneurship

45-886 Entrepreneurship

45-888 Technology Commercialization Workshop

45-889 Entrepreneurship Project

45-884 Funding Early-Stage Ventures

45-885 Entrepreneurial Management

45-847 Law and Entrepreneurship

45-977 Commercialization of Technology in Entrepreneurial Companies

45-986 Functions of the CEO

46-880 Entrepreneurship and e-Commerce

45-997 Independent Studies in Entrepreneurship (6 credits)

45-998 Independent Studies in Entrepreneurship (12 credits)

5 Continuing Education Courses5 Continuing Education Courses

Starting a Technology-Based Venture

Commercializing Technology & Bio-Technology

Creating a Winning Business Plan

Financing your Venture

Entrepreneurial Management

New Initiatives for 2003New Initiatives for 2003

Technology Commercialization Workshop 45-888

Law and Entrepreneurship 45-847

McGinnis Venture Competition (March 2004)

Alliance with PLSG

The ResultsThe ResultsRecognized expertise in technology entrepreneurship.

Roughly 1 in 4 business majors take at least one course.

Many engineers/scientists in program.

Active graduate & undergraduate e-ship clubs.

Many successful entrepreneurs/start-ups.

Long list of awards.

Named one of seven “Centers of Excellence” by NASDAQ.

The Arizona StudyThe Arizona StudyPublished in 2000.

Surveyed 2,484 MBA graduates over 15 years.

Compared career achievements of:

Those who took entrepreneurship courses

to those who did not.

The Arizona StudyThe Arizona StudyThe Results:

Those who took entrepreneurship courses:

• Are 3 times more likely to start new businesses.

• Are 3 times more likely to be self-employed.

• Have incomes 27% higher.

• Have personal assets 62% higher.

• Earn on average $23,500 more/year.

• Are more satisfied with their jobs/career.

• Are more likely to innovate/develop new products.

• Are more likely to work in technology businesses.

The Arizona StudyThe Arizona StudyFull Study Available at:

www.bpa.arizona.edu/programs/berger/pdfs/impact_study.pdf

“America’s abundance was not

created by public sacrifices to

‘the common good,’ but by the

productive genius of free men

who pursued their own personal

interests and the making of their

own private fortunes. ”

Ayn Rand

EntrepreneurshipEntrepreneurshipEducation at CMUEducation at CMU

S. Thomas Emerson, Ph.D., DirectorS. Thomas Emerson, Ph.D., Director

Donald H. Jones Center for EntrepreneurshipDonald H. Jones Center for Entrepreneurship

Posner Hall 231 — (412) 268-5382Posner Hall 231 — (412) 268-5382

Emerson@andrew.cmu.edu

Assistant: Donna Erdner — (412) 268-7869Assistant: Donna Erdner — (412) 268-7869

De0d@andrew.cmu.edu

Office hours by appointment.Office hours by appointment.