My overview & personal slides for ICSB 2010

1. “Cutting Edge Perspectives on
Growing Entrepreneurs &
Entrepreneurship:
What are we REALLY doing (or
should be)?”
International Council of Small Business
24 June 2010; Cincinnati, Ohio

2. Panelists
• David Audretsch
– (Ameritech Professor of Economic Development,
Indiana University)
• Monica Doss
– (FastTrac; Ewing Marion Kauffman Foundation)
• Cornelia Flora
– (Iowa State University, North Central Rural
Development Center)
• Norris Krueger
– (Entrepreneurship Northwest; Max Planck Institute of
Economics)

3. David Audretsch
• introduced two key concepts that have crystallized
policy thinking around growing entrepreneurial
economies:
– (1) Entrepreneurship is about ‘knowledge spillover’ – how
does new knowledge diffuse until it finds practical
application
– (2) ‘Entrepreneurial capital’ needs to be considered along
with other types of capital.
– David has been active in helping devise mechanisms to
promote technology commercialization as well as
regional/local economic development and has mentored
much of the current generation of policy-focused
entrepreneurship scholars.

4. Monica Doss
• a key player in the continuing development of the
leading entrepreneurship training program,
FastTrac (www.fasttrac.org).
– FastTrac is designed for maximum learning impact for
different populations;
– under the auspices of the Ewing Marion Kauffman
Foundation, FastTrac is being offered to significant
numbers of prospective entrepreneurs in
disadvantaged areas.
– Monica has been deeply involved in both design and
delivery of these programs and will share her unique
insights from the field.

5. Cornelia Flora
• the godmother of rural entrepreneurship
research. Along with Jan Flora, Cornelia
proposed and tested a model of
“entrepreneurial social infrastructure” that
was the first comprehensive model of the
entrepreneurial ecosystem at the community
level. This model has been the basis of much
of the state of the art practical interventions
to promote entrepreneurship in rural
communities.

6. Norris Krueger
• is best known for his work on entrepreneurial
intentions and broader topics of entrepreneurial
cognition. How do we learn to think like
entrepreneurs?
– He has recently applied cognitive developmental
psychology and constructivistic education theory (and new
insights from neuroscience) to argue for why
entrepreneurship’s best teaching methods are so effective
and so transformative.
– He has also developed entrepreneurship programs that
have won national best practice awards
– currently active in entrepreneur-led economic
development.

7. Key Questions
• (a) what we should be doing (or not) ,
• (b) why, and
• (c) implications for policy makers and
communities.

8. Growing an Entrepreneurial Culture
means… ???
• Entrepreneurial Potential = f(Potential
Entrepreneurs)
• How do Ideas become Reality?
• Human Capital (people, ideas)
• Social Capital (communities, ecosystem)

9. Growing an Entrepreneurial Culture
• Entrepreneurial Potential = f(Potential
Entrepreneurs)
• Ideas -----> Reality
• Understanding the Ecosystem
• Human Capital (people, ideas)
• Social Capital (communities, ecosystem)

10. Growing an Entrepreneurial Culture
• Understanding the Ecosystem
– Ideas -----> Reality
– Intentions are NOT enough
• ICE: Innovation = Creativity +
Entrepreneurship
• To get ICE we can use…
• FIRE?

11. FIRE Model
(human capital)
• Foster Entrepreneurial Thinking
– Role of Expert Entrepreneurial Thinking
– Immersion Experiences
• Implement Ideas
(social capital)
• Re-energize Entrepreneurial Communities
• Enhance Entrepreneurial Ecosystem

12. What’s New?
• Lean Startup Mania?
• Immersion Experiences
– Startup Weekend, etc.
– Boot Camps (for community?)
• Mentoring Models
– TechStars, Seedcamp, Hackfest (techstars.org)
• Follow-on Support?
• Fostering Expert Thinking