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WSU NAC Presentation (4-5-13)
- 1. Entrepreneurship at Weber State Alex Lawrence Vice Provost, Innovation and Economic Development Director, Entrepreneurship Program
- 2. Overview • Catalysts for Entrepreneurship at WSU • Our Unique Focus • Entrepreneurship Minor • Other Contributors • Goals and Outcomes • Questions and Contact Info
- 3. Catalysts • Hall Global Entrepreneurship Center • Endowed Chair (Hall) • Budget for Entrepreneurship Minor (Hall) • Bill Child Endowment • University wide support at highest levels • Unique community partnerships • Startup Ogden • WEA Mentors • Startup Weekend, Summit Series, Hack Ogden
- 4. Unique Focus • Target all potential entrepreneurs – any discipline • Be a reflection of our communities • $500k - $5M annually businesses • Mainstream – not small, not “lifestyle” • The real thing = applied
- 5. Entrepreneurship Minor • Developed in collaboration with Steve Blank at Stanford • Proven model modified to reflect our community and student base • Significant time outside of the classroom • $25,000 competitive grants to create real companies
- 6. Course Overview 1001 Principles of Entrepreneurship (Lawrence) • Non-business majors • Three day course 1002 Intro to Entrepreneurship (Lawrence) • Opportunity Recognition • Building a business model • Non-corporate viewpoint 1003 Ideation and Customer Development (Dotson) • Testing ideas with customers • Significant time outside of classroom
- 7. Course Overview 1004 Entrepreneurial Finance (TBD) • Bootstrapping • Alternatives to investors 2001 Sales and Marketing (TBD) • Scaling a successful business model • Generating revenue 2002 Generating Revenue and Profits (TBD) • 25% of funding to startups with most traction 2003 Growing the Business (TBD) • 75% of remaining funding to accelerate sales
- 8. Entrepreneurship Minor - Grants • $25k to startups with product/market fit • Repayment after $500k in revenue • No equity stake • Great experience = great alumni • Lead USA in student startups with revenue
- 9. Approval Process For Minor • All WSU approvals met • May 17th to Regents for approval • First course this Summer • Hire Endowed Chair this Summer • Launch Fall 2013, first startups in 2014
- 10. Other Unique Contributors • Weber Entrepreneurs Association • New student startup room in GSBE • Startup Weekend • Summit Series (Powder Mountain) • Startup Ogden
- 11. Startup Ogden
- 12. Startup Ogden • $3.2M partnership with Campus Stores, CE, WSURF and Ogden City • Triumphant return of WSU to downtown • Statewide hub for startups and entrepreneurship • Significant opportunities for WSU students • Mentors • Events • Real world experience • Affordable access • Co-founders and other serendipity
- 13. Goals And Outcomes • The most student startups with revenue in Utah. • National recognition as a program that helps students start real companies while in school. • Successful entrepreneurial alumni that will have a new and unique loyalty to WSU. • Entrepreneurs that don’t love higher ed will love this program and point to it as “worth it”.
- 14. Questions and Contact Information Alex Lawrence 801-626-8940 (office) 801-859-8282 (mobile) alexanderlawrence@weber.edu (email) This presentation is at: