Entrepreneurship - IRSC CCTI Best Practices (b).pdf · Entrepreneurship: The process of creating...
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Transcript of Entrepreneurship - IRSC CCTI Best Practices (b).pdf · Entrepreneurship: The process of creating...
Entrepreneurship:
The process of creating and managing a business to achieve desired objectives …� More than words in a textbook
The Foundations
Why the interest in Entrepreneurs?Three reasons:
� They Birth the New� They Create Jobs� They Create All the New Net Wealth
As Long as there is Business in America …We Will Need
Innovators, Inventors, Entrepreneurs!
How do we foster, assist and support these entrepreneurs?
� Creates an entrepreneurial awareness � Provides educational and business support� Helps the launch and step-by-step building
of successful companies
Business Incubation
The Foundations
Brown Center for Innovation and Entrepreneurship
Home of the Virtual Incubator:
“With the Dan K. Richardson Entrepreneurship Development Institute (EDI), IRSC is taking the initiative to offer a wide range of programs and services to encourage entrepreneurship and business success particularly in emerging technologies.”
Dr. Edwin R. Massey
IRSC President
With The Resources of the IRSC School of Business
Thinking about Starting a Business Think about Indian River State College
It’s Simple
Questions & Contact Information
More information: www.irsc.edu
Or contact:Tom Kindred Jr.
[email protected] 772-462-7087
Kimberly GrammAssistant Dean, Community Relations
Director, Adams Center for Entrepreneurship
College of Business
Florida economic impact
$6.3 billion SE Florida economic impact
$275 million
Ecosystem partners
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FAU strategically aligns with Florida’s Economic Development Strategic Plan
TWO primaryobjectives of the FL Chamber of Commerce Six PillarsTM
Entrepreneur Eco‐System
Basic Principles:Build an intellectual backbone and apply the knowledge of the local community to mentor the next generation of entrepreneurs1Establish an investment process designed to eliminate early stage funding obstacles2Create a safe environment where business concepts can be vetted and executed to create viable operating companies
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FAU Adams Center for Entrepreneurship
The goal of ACE is to prepare FAU students and aspiring entrepreneurs in business, science, engineering, and all disciplines who are looking to become entrepreneurs through business ownership or venturing.
� Entrepreneurs In Residence� Entrepreneur Learning Sessions� Global Entrepreneurship Week� Startup Weekend Boca Raton
� Young Entrepreneurs Academy� FAU Business Plan Competition� Executive Forum Speaker Series� Entrepreneur Boot Camp
Adams Center for Entrepreneurship Goal
ACE Programs & Events
FAU Adams Center for Entrepreneurship
Scott Adams
Entrepreneur Boot Camp ‐ a fast‐paced certificate course empowering promising entrepreneurs and ambitious small business owners with the tools to write a successful business plan, find
financial support and design the right operation for success!
Entrepreneur Boot Camp – Fall 2013/Spring 2014Module 1 � Program Overview
� Business Plan Basics� Business Objectives – Building Value
Module 6 � Entrepreneurship & Growth Oriented Business
� Types of Investors & Funding Sources� Alternate Financing Sources� SBA Lending
Module 2 � Business Model Workbook� Operational Planning� Leadership� Business Plan Construction
Module 7 � Introduction to Venture Capital� Exit Planning� Valuations & Term Sheets
Module 3 � Defining Market Opportunity� Competitive Evaluation� SWOT Analysis
Module 8 � Writing & Revising the Business Plan� Business Plan Presentation Format� Presenting to Investors
Module 4 � Product Development� Sales & Marketing� Critical Success Factors & Risk
Management� Legal & Business Considerations
Module 9 � Executing the Business Plan� Building & Leading Teams� Milestone Planning & Objectives
Module 5 � Sample Business Plan Review� Business Plan Teamwork
Module 10 � Presentation & Feedback� Global Entrepreneurship Week
business.fau.edu/ebc
Entrepreneurs in Residence: Volunteer executives, entrepreneurs, engineersand attorneys providing one‐on‐one mentoring to aspiring entrepreneurs.
Entrepreneur Learning Sessions: A series of workshops designed to empower promising entrepreneurs and ambitious small business owners with tips for writing a business plan, tips on finding money and designing the right operation for success.
Global Entrepreneurship Week: Nov 18‐24, 2013 see schedule www.business.fau.edu/gew
Startup Weekend Boca Raton: A 54‐hour weekend event where developers, designers,marketers, product developers and startup enthusiasts come together to share ideas,
form teams, build products and launch startups.
Young Entrepreneurs Academy: An entrepreneurial youth program consisting of a 33‐week comprehensive curriculum in which 7‐12 grade students launch and operate
legally‐registered and fully‐formed enterprises or social movements.
FAU Adams Center for Entrepreneurship
FAU Strategic Initiative. . .point of pride
Open to the public April 9‐11, 2014
business.fau.edu/bpc
FAU Student Track Winners
Reverb Music Supply� Identified a niche market
for connecting musicians to pre‐owned, high quality equipment
� Total Prize Value: $12,932
2nd
shop‐on‐the‐go.com� Created a new, innovative
online shopping concept for users who place repetitive orders
� Total Prize Value: $5,932
3rd
Stadson Technology� Developed HelpN, a
smartphone safety app that reduces authority alert time
� Total Prize Value: $55,216
1st
business.fau.edu/bpc
Entrepreneur Track Winners
AspirEDU� Developed a software to
notify administrators of at‐risk, drop out prone students
� Total Prize Value: $55,216
1st
Arctico Holdings, LLC�Identified an untapped market…tamper‐proof packaged, single‐serve, purified ice
�Total Prize Value: $12,932
2nd
Frozen Guru� Manufacturer of
innovative and healthy breakfast products, vegan and celiac friendly
� Total Prize Value: $5,932
3rd
business.fau.edu/bpc
7 Entrepreneur Center Best PracticesRun entrepreneurship centers like a business1Deliver what you claim 2Create success stories, market & communication plan is essential3
FAU Adams Center for Entrepreneurship
Become your BIGGEST advocate at your university or college5Look for VC’s or funding sources that offer more than capital 4
No Secret Formula or miracles to success 7Caution: Incubation is a real estate business 6
