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Bishop’s	
  University’s	
  
Entrepreneurship	
  Culture	
  
	
  
BMG	
  320	
  
2015	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Karim	
  Sy-­‐Morissette	
  &	
  
Keegan	
  Murphy	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
2	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
TABLE	
  OF	
  CONTENT	
  
	
  
1.	
  Executive	
  summary	
  .....................................................................................................................................................................	
  3	
  
2.	
  Introduction	
   	
  ...............................................................................................................................................................................	
  4	
  
3.	
  Methodology	
  
3.1	
   Interviews	
  .........................................................................................................................................................	
  4	
  
3.2	
   Articles,	
  Videos	
  &	
  Other	
  Media	
  ...............................................................................................................	
  5	
  
4.	
  Entrepreneurship	
  &	
  Entrepreneurial	
  Culture	
  
3.1	
   Capacity	
  Analysis	
  Methodology	
  ..............................................................................................................	
  5	
  
5.	
  Incubators	
  &	
  Accelerators	
  
5.1	
   Incubators	
  ........................................................................................................................................................	
  7	
  
5.2	
   Ryerson	
  University	
  Digital	
  Media	
  Zone	
  ............................................................................................	
  10	
  
5.3	
   Accelerator	
  ....................................................................................................................................................	
  12	
  
5.4	
   Babson	
  College	
  ............................................................................................................................................	
  13	
  
5.5	
   Common	
  Success	
  Factors	
  ........................................................................................................................	
  16	
  
6.	
  Entrepreneurship	
  at	
  Bishop’s	
  
6.1	
   Introduction	
  ..................................................................................................................................................	
  18	
  
6.2	
   Overall	
  Culture	
  ............................................................................................................................................	
  19	
  
6.3	
   Influencers	
  ....................................................................................................................................................	
  20	
  
	
   6.3.1	
  Dobson-­‐Lagassé	
  Center	
  ................................................................................................................	
  20	
  
	
   6.3.2	
  Williams	
  School	
  of	
  Business	
  .......................................................................................................	
  21	
  
	
   6.3.3	
  SEED	
  ......................................................................................................................................................	
  22	
  
	
   6.3.4	
  BUCS	
  .....................................................................................................................................................	
  24	
  
	
   6.3.5	
  Enactus	
  ................................................................................................................................................	
  25	
  
6.4	
   Student	
  Projects	
  &	
  Initiatives	
  ...............................................................................................................	
  27	
  
7.	
  Involvement	
  of	
  Other	
  Departments	
  ................................................................................................................................	
  30	
  
8.	
  Support	
  Systems	
  ........................................................................................................................................................................	
  32	
  
9.	
  Action	
  Plan	
  
9.1	
   Limitations	
  ....................................................................................................................................................	
  37	
  
9.2	
   Recommendations	
  .....................................................................................................................................	
  39	
  
11.	
  Appendices	
  
Appendix	
  A	
  	
  ...........................................................................................................	
  Interview	
  Topics	
  of	
  Discussion	
  
Appendix	
  B	
  	
  ............................................................................................................	
  Incubation	
  Program	
  Sponsors	
  
Appendix	
  C	
  .........................................................................................	
  Types	
  of	
  Business	
  Incubation	
  Programs	
  
Appendix	
  D………………………………………………………………....	
  Enactus	
  Canada	
  vs	
  Enactus	
  USA	
  
BMG	
  320	
   3	
  
	
  
	
  
1.	
  EXECUTIVE	
  SUMMARY	
  
	
  
Since	
  its	
  creation	
  in	
  1998,	
  the	
  Dobson-­‐Lagassé	
  Center	
  for	
  Entrepreneurship	
  
as	
  dedicated	
  to	
  change	
  the	
  culture	
  of	
  this	
  University,	
  and	
  the	
  community	
  
surrounding	
  it.	
  This	
  report	
  was	
  commissioned	
  with	
  the	
  purpose	
  of	
  analyzing	
  this	
  
change	
  and	
  observes	
  the	
  current	
  state	
  of	
  the	
  entrepreneurial	
  culture	
  at	
  Bishop’s	
  
University.	
  In	
  order	
  to	
  come	
  with	
  an	
  accurate	
  perspective	
  on	
  the	
  health	
  of	
  this	
  
ecosystem,	
  interviews	
  were	
  conducted	
  to	
  13	
  people	
  of	
  interests	
  at	
  the	
  University.	
  
These	
  interviews	
  were	
  open-­‐ended	
  and	
  focused	
  on	
  the	
  role	
  of	
  Entrepreneurship	
  
here	
  at	
  Bishop’s	
  as	
  general	
  theme,	
  but	
  also	
  followed	
  a	
  flexible	
  structure	
  relating	
  to	
  
the	
  topics	
  of	
  personal	
  projects,	
  incubators,	
  department	
  involvement,	
  and	
  student	
  
involvement.	
  The	
  findings	
  were	
  comparatively	
  analyzed	
  to	
  benchmarked	
  model	
  
ecosystems.	
  The	
  results	
  show	
  that	
  entrepreneurship	
  at	
  Bishop’s	
  is	
  in	
  a	
  stagnating	
  
state,	
  and	
  some	
  weaknesses	
  prevents	
  the	
  growth	
  of	
  the	
  culture.	
  These	
  boundaries	
  
include	
  communication,	
  management	
  structure,	
  access	
  to	
  resources	
  and	
  University	
  
identity.	
  
	
  
This	
  report	
  highlights	
  areas	
  of	
  improvements	
  and	
  discusses	
  these	
  recommendations	
  
to	
  raise	
  the	
  level	
  of	
  this	
  culture:	
  
• The	
  university	
  needs	
  to	
  transition	
  their	
  traditional	
  style	
  of	
  management	
  
• Introducing	
  and	
  implementing	
  SEED	
  programs	
  (Marketing	
  Entrepreneurship	
  
Series)	
  
• Marketing	
  Entrepreneurship	
  Series	
  
• The	
  birth	
  of	
  Toast	
  Radio	
  as	
  a	
  Hub	
  
	
  
This	
  reports	
  has	
  limitations.	
  Some	
  key	
  University	
  contributors	
  were	
  not	
  reached	
  
and	
  interviewed.	
  Also,	
  the	
  interviews	
  were	
  done	
  in	
  an	
  open-­‐ended	
  fashion,	
  that	
  way,	
  
the	
  results	
  are	
  subjective	
  to	
  each	
  individual’s	
  perceptions	
  and	
  biases	
  might	
  occur.	
  
	
  
4	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
2.	
  INTRODUCTION	
  	
  
	
  
This	
  research	
  paper	
  focuses	
  on	
  evaluating	
  Bishops	
  University	
  and	
  the	
  state	
  of	
  
the	
  entrepreneurial	
  culture	
  that	
  exists	
  on	
  campus	
  and	
  in	
  the	
  surrounding	
  
community.	
  The	
  research	
  conducted	
  was	
  two	
  fold,	
  mainly	
  using	
  open-­‐ended	
  
interviews	
  with	
  persons	
  of	
  interest	
  who	
  played	
  an	
  impact	
  role	
  within	
  this	
  culture.	
  
Secondly,	
  literature,	
  videos	
  and	
  websites	
  that	
  were	
  useful	
  in	
  backing	
  up	
  these	
  initial	
  
conversations.	
  	
  
According	
  to	
  Dobson-­‐Lagassé’s	
  executive	
  director	
  David	
  Monty,	
  a	
  large	
  
fragment	
  of	
  entrepreneurship’s	
  contemporary	
  culture	
  deals	
  with	
  the	
  concepts	
  of	
  
incubators	
  and	
  accelerators.	
  Looking	
  into	
  these	
  ecosystems,	
  these	
  models	
  were	
  
observed	
  to	
  determine	
  the	
  main	
  factors	
  in	
  creating	
  a	
  successful	
  entrepreneurship	
  
culture.	
  	
  	
  
These	
  models	
  were	
  then	
  used	
  in	
  comparison	
  and	
  contrast	
  to	
  the	
  culture	
  at	
  Bishops	
  
University.	
  	
  Programs	
  supporting	
  this	
  culture,	
  student	
  initiatives	
  and	
  impact	
  players	
  
were	
  highlighted	
  in	
  relation	
  to	
  their	
  role	
  in	
  this	
  culture.	
  An	
  action	
  plan	
  was	
  
developed	
  focusing	
  on	
  limitations	
  that	
  exist	
  and	
  the	
  ideal	
  and	
  realistic	
  direction	
  to	
  
be	
  attained	
  for	
  entrepreneurship	
  at	
  Bishops.	
  
	
  
	
  
3.	
  Methodology	
  
3.1	
  Interviews	
  
In	
  order	
  to	
  gain	
  knowledge	
  on	
  the	
  key	
  aspects	
  of	
  Bishop’s	
  Entrepreneurial	
  
Culture,	
  its	
  state	
  and	
  general	
  feeling	
  on	
  the	
  topic,	
  we	
  chose	
  to	
  interview	
  13	
  people	
  of	
  
interests	
  at	
  Bishop’s	
  University	
  who	
  could	
  provide	
  us	
  with	
  different	
  perspectives.	
  
These	
  people	
  are	
  departments’	
  chairperson’s,	
  students,	
  head	
  of	
  student-­‐ran	
  projects	
  
and	
  clubs,	
  teachers	
  and	
  university	
  representatives.	
  The	
  interviews	
  were	
  conducted	
  
in	
  an	
  open-­‐ended	
  manner;	
  the	
  goal	
  was	
  to	
  get	
  the	
  interviewees’	
  honest	
  unbiased	
  
opinion.	
  Our	
  focus	
  revolved	
  around	
  creating	
  a	
  safe	
  platform	
  for	
  them	
  to	
  express	
  
themselves.	
  The	
  interviews	
  lasted	
  between	
  20	
  to	
  90	
  minutes.	
  Interviews	
  were	
  
BMG	
  320	
   5	
  
	
  
	
  
recorded	
  using	
  the	
  iPhone	
  app	
  QuickVoice,	
  available	
  on	
  iTunes	
  store	
  for	
  free,	
  only	
  
when	
  these	
  people	
  accepted	
  this	
  meeting	
  condition.	
  	
  
	
  
Although	
  these	
  meetings	
  focused	
  on	
  letting	
  the	
  interviewee	
  communicate	
  
their	
  views	
  and	
  involvement	
  openly,	
  we	
  created	
  a	
  basic	
  structure	
  with	
  the	
  purpose	
  
of	
  getting	
  information	
  on	
  similar	
  topics	
  throughout	
  our	
  process.	
  We	
  first	
  presented	
  
ourselves	
  as	
  students	
  and	
  the	
  main	
  goal	
  of	
  our	
  project:	
  Gain	
  the	
  necessary	
  
knowledge	
  on	
  the	
  Entrepreneurial	
  Culture	
  of	
  Bishop’s	
  University	
  and	
  use	
  it	
  to	
  
recommend	
  trends	
  that	
  could	
  be	
  applied	
  to	
  enhance	
  the	
  culture.	
  As	
  for	
  the	
  topics	
  
approached,	
  they	
  can	
  be	
  found	
  in	
  the	
  Appendices	
  section.	
  	
  
	
  
3.2	
  Articles,	
  Videos	
  &	
  Other	
  Media	
  
	
   With	
  the	
  purpose	
  of	
  supporting	
  our	
  findings	
  above	
  and	
  understand	
  what	
  
represents	
  the	
  factors	
  in	
  a	
  successful	
  entrepreneurship	
  culture,	
  we	
  used	
  articles,	
  
videos	
  and	
  other	
  sources	
  of	
  media.	
  The	
  information	
  gained	
  from	
  these	
  provided	
  
crucial	
  knowledge	
  on	
  trends,	
  concepts	
  and	
  facts	
  that	
  help	
  give	
  life	
  to	
  this	
  project.	
  
	
  
	
  
4.	
  ENTREPRENEURSHIP	
  &	
  ENTREPRENEURIAL	
  CULTURE	
  
	
  
When	
  looking	
  to	
  investigate	
  the	
  topic	
  of	
  Entrepreneurship	
  at	
  Bishop’s	
  
University,	
  it	
  is	
  important	
  to	
  first	
  understand	
  what	
  is	
  the	
  general	
  meaning	
  of	
  
Entrepreneurship	
  and	
  how	
  is	
  it	
  applied	
  in	
  an	
  environment	
  to	
  create	
  what	
  is	
  referred	
  
to	
  as	
  an	
  Entrepreneurial	
  Culture.	
  
	
  
Entrepreneurship	
  derives	
  from	
  the	
  French	
  Entreprendre,	
  meaning	
  to	
  
undertake,	
  and	
  is	
  defined	
  as	
  “The	
  capacity	
  and	
  willingness	
  to	
  develop,	
  organize	
  and	
  
manage	
  a	
  business	
  venture	
  along	
  with	
  any	
  of	
  risks	
  in	
  order	
  to	
  make	
  profit.	
  The	
  most	
  
obvious	
  example	
  is	
  the	
  starting	
  of	
  a	
  new	
  business.”1	
  Whether	
  it	
  focuses	
  on	
  profit	
  or	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
1	
  BusinessDictionary.	
  (n.d.)	
  
6	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
not,	
  this	
  behaviour	
  enables	
  creative	
  minded	
  individuals	
  to	
  put	
  their	
  thoughts	
  and	
  
ideas	
  into	
  action.	
  According	
  to	
  the	
  Business	
  News	
  Daily,	
  one	
  of	
  the	
  biggest	
  trends	
  of	
  
the	
  near	
  future	
  is	
  the	
  resurgence	
  of	
  small	
  businesses	
  powered	
  by	
  entrepreneurial	
  
minds.	
  They	
  quote:	
  	
  
“I	
  predict	
  there	
  is	
  going	
  to	
  be	
  a	
  resurgence	
  in	
  small	
  business	
  formation	
  as	
  
Americans	
  get	
  back	
  to	
  their	
  entrepreneurial	
  spirit.	
  Millennials,	
  in	
  particular,	
  
are	
  going	
  to	
  embrace	
  owning	
  their	
  own	
  business	
  as	
  they	
  realize	
  the	
  freedom	
  
it	
  offers	
  and	
  reject	
  the	
  more	
  stringent	
  corporate	
  world	
  [to]	
  create	
  their	
  own	
  
wealth.”	
  –Cody	
  Gunn,	
  president,	
  Gunn	
  Capital	
  Management2	
  
The	
  topic	
  of	
  entrepreneurship	
  is	
  constantly	
  growing	
  in	
  the	
  world	
  today.	
  With	
  the	
  
emergence	
  of	
  technology	
  and	
  focus	
  on	
  creativity,	
  people	
  are	
  constantly	
  looking	
  for	
  
new	
  ideas	
  to	
  improve	
  the	
  environment	
  around	
  them.	
  The	
  mentality	
  also	
  revolves	
  
around	
  the	
  idea	
  of	
  people	
  creating	
  their	
  dream	
  job.	
  This	
  economy	
  of	
  innovation	
  will	
  
continue	
  to	
  grow	
  and	
  force	
  small	
  businesses	
  to	
  be	
  formed,	
  grow	
  and	
  expand.	
  
	
  
A	
  collection	
  of	
  such	
  behaviors	
  in	
  a	
  single	
  environment	
  creates	
  what	
  is	
  called	
  
an	
  entrepreneurial	
  culture.	
  Through	
  this	
  culture,	
  the	
  creative	
  kinds	
  thrive	
  as	
  they	
  
are	
  giving	
  the	
  tools	
  to	
  translate	
  their	
  ideas	
  into	
  tangible	
  actions.	
  Mihaylo	
  College	
  of	
  
Business	
  and	
  Economics	
  at	
  California	
  State	
  University	
  Fullerton	
  presents	
  it	
  as:	
  “an	
  
environment	
  where	
  someone	
  is	
  motivated	
  to	
  innovate,	
  create	
  and	
  take	
  risks.	
  In	
  a	
  
business,	
  an	
  entrepreneurial	
  culture	
  means	
  that	
  employees	
  are	
  encouraged	
  to	
  
brainstorm	
  new	
  ideas	
  or	
  products.”3	
  A	
  great	
  example	
  of	
  a	
  business	
  giving	
  its	
  
employees	
  a	
  chance	
  to	
  innovate	
  is	
  the	
  20	
  Percent	
  Time	
  rule	
  (or	
  mentality).	
  
Companies	
  like	
  Google,	
  LinkedIn,	
  Facebook,	
  Yahoo	
  and	
  eBay,	
  all	
  force	
  their	
  
employees	
  to	
  use	
  at	
  least	
  20%	
  of	
  their	
  paid	
  hours	
  working	
  on	
  personal	
  projects	
  and	
  
testing	
  their	
  brains.	
  These	
  projects	
  can	
  even	
  graduate	
  and	
  become	
  a	
  complete	
  entity	
  
on	
  its	
  own	
  with	
  the	
  help	
  of	
  the	
  company	
  itself.4	
  Companies	
  continue	
  to	
  invest	
  in	
  
start-­‐ups	
  of	
  such	
  kinds	
  and	
  more	
  especially	
  in	
  people	
  as	
  they	
  have	
  the	
  agility	
  and	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
2	
  Helmrich.	
  (2015)	
  
3	
  Mihaylo	
  College	
  of	
  Business	
  &	
  Economics.	
  (n.d.)	
  
4	
  WIRED.	
  (2013)	
  
BMG	
  320	
   7	
  
	
  
	
  
creativity	
  that	
  corporations	
  simply	
  do	
  not	
  possess.	
  In	
  return,	
  the	
  company	
  supplies	
  
the	
  resources	
  possible	
  for	
  this	
  creativity	
  to	
  flourish.5	
  
	
  
	
   This	
  state	
  of	
  mind	
  is	
  a	
  given	
  talent	
  to	
  some	
  individuals	
  but	
  it	
  can	
  also	
  be	
  
thought.	
  In	
  the	
  case	
  at	
  end	
  in	
  this	
  report,	
  we	
  will	
  refer	
  to	
  the	
  definition	
  of	
  
entrepreneurial	
  culture	
  above	
  replacing	
  the	
  term	
  “business”	
  by	
  “Bishops	
  University”	
  
and	
  adding	
  the	
  terms	
  “students	
  and	
  teachers”	
  to	
  the	
  term	
  “employees”.	
  This	
  gives	
  us	
  
a	
  better	
  perspective	
  of	
  what	
  is	
  at	
  hand.	
  	
  
	
  
	
   One	
  of	
  our	
  primary	
  sources	
  of	
  information	
  in	
  doing	
  this	
  project	
  was	
  David	
  
Monty,	
  who	
  is	
  the	
  Executive	
  Director	
  of	
  Dobson-­‐Lagassé	
  Entrepreneurship	
  Centre.	
  
When	
  speaking	
  of	
  entrepreneurial	
  culture,	
  he	
  pointed	
  out	
  two	
  concepts	
  that	
  he	
  
judged	
  of	
  the	
  upmost	
  importance:	
  Incubators	
  and	
  Accelerators.	
  The	
  Dobson-­‐Lagassé	
  
center	
  is	
  based	
  off	
  these	
  concepts	
  that	
  we	
  will	
  study	
  in	
  the	
  next	
  section.	
  	
  
	
  
	
  
5.	
  INCUBATORS	
  &	
  ACCELERATORS	
  
	
  
As	
  we	
  explore	
  the	
  state	
  of	
  Bishop’s	
  University’s	
  entrepreneurship	
  culture,	
  it	
  
is	
  important	
  to	
  first	
  take	
  a	
  look	
  at	
  what	
  is	
  considered	
  the	
  norm	
  in	
  or	
  the	
  benchmark	
  
of	
  such	
  a	
  culture.	
  To	
  do	
  so	
  we	
  first	
  take	
  a	
  look	
  at	
  the	
  concepts	
  of	
  incubators	
  and	
  
accelerators.	
  They	
  are	
  two	
  very	
  similar	
  environments	
  in	
  which	
  entrepreneurial	
  
culture	
  is	
  omnipresent.	
  We	
  often	
  refer	
  to	
  Silicon	
  Valley	
  as	
  being	
  a	
  bed	
  in	
  
technological	
  advancement	
  due	
  to	
  this	
  mentality	
  of	
  innovation	
  and	
  the	
  presence	
  of	
  
numerous	
  companies	
  involved	
  in	
  incubations	
  and/or	
  accelerations.	
  In	
  this	
  section	
  
we	
  will	
  observe	
  what	
  makes	
  the	
  two	
  concepts	
  successful	
  and	
  how	
  does	
  it	
  relate	
  to	
  
Bishop’s	
  entrepreneurial	
  culture.	
  
	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
5	
  Weiblen,	
  &	
  Chesbrough.	
  (2015)	
  
8	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
5.1	
  Incubators	
  
A	
  "Business	
  incubation	
  is	
  a	
  unique	
  and	
  highly	
  flexible	
  combination	
  of	
  
business	
  development	
  processes,	
  infrastructure	
  and	
  people	
  designed	
  to	
  nurture	
  
new	
  and	
  small	
  businesses	
  by	
  helping	
  them	
  to	
  survive	
  and	
  grow	
  through	
  the	
  difficult	
  
and	
  vulnerable	
  early	
  stages	
  of	
  development.	
  ”6	
  In	
  other	
  words,	
  an	
  incubator	
  is	
  an	
  
environment	
  where	
  start-­‐ups	
  or	
  ideas	
  are	
  created	
  and	
  given	
  the	
  necessary	
  help	
  in	
  a	
  
multitude	
  of	
  disciplines	
  that	
  it	
  requires	
  to	
  bring	
  it	
  to	
  life.	
  This	
  help	
  is	
  centralized	
  (all-­‐
in-­‐one).	
  For	
  example,	
  if	
  the	
  start-­‐up	
  needs	
  legal	
  help	
  as	
  well	
  as	
  technological	
  advice,	
  
the	
  incubator	
  will	
  provide	
  all	
  these	
  services.	
  It	
  also	
  gives	
  these	
  companies	
  the	
  
necessary	
  office	
  space	
  to	
  work	
  on	
  the	
  project.	
  Mentorship	
  is	
  available	
  to	
  these	
  
companies.	
  The	
  graph	
  below	
  shows	
  the	
  key	
  advantages	
  of	
  incubators	
  according	
  to	
  
the	
  NBIA,	
  National	
  Business	
  Incubation	
  Association.	
  
Table	
  1:	
  Advantages	
  of	
  incubation7	
  
	
  
When	
  comparing	
  it	
  to	
  accelerators,	
  Paul	
  Bricault,	
  cofounder	
  of	
  Amplify,	
  defines	
  
the	
  environment	
  in	
  the	
  following	
  manner:	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
6	
  UK	
  Business	
  Incubation	
  Limited.	
  (2011)	
  
7	
  Knopp.	
  (2007)	
  
BMG	
  320	
   9	
  
	
  
	
  
“An	
  incubator	
  brings	
  in	
  an	
  external	
  management	
  team	
  to	
  manage	
  an	
  idea	
  that	
  was	
  
developed	
  internally.	
  “Those	
  ideas	
  can	
  gestate	
  for	
  much	
  longer	
  periods	
  of	
  time	
  and	
  
the	
  incubator	
  takes	
  a	
  much	
  larger	
  amount	
  of	
  equity	
  [compared	
  to	
  accelerators].”	
  
One	
  of	
  the	
  downside	
  of	
  incubation	
  is	
  that	
  owners	
  of	
  the	
  start-­‐up	
  or	
  idea	
  lose	
  equity	
  
as	
  they	
  reach	
  out	
  for	
  help	
  in	
  numerous	
  spheres	
  of	
  their	
  projects	
  and	
  more	
  people	
  
get	
  involved.	
  Also,	
  although	
  the	
  help	
  is	
  centralized	
  and	
  the	
  start-­‐up	
  process	
  
accelerated,	
  they	
  now	
  become	
  dependent	
  of	
  the	
  help	
  they	
  first	
  seek,	
  as	
  they	
  don’t	
  
gain	
  the	
  knowledge	
  necessary	
  to	
  be	
  self-­‐sufficient.	
  The	
  value	
  proposition	
  is	
  
composed	
  of	
  3	
  categories:	
  Infrastructure,	
  Business	
  Support	
  and	
  Access	
  to	
  
Networks.8	
  	
  
	
  
Incubators	
  are	
  growing	
  across	
  the	
  world	
  and	
  are	
  starting	
  to	
  become	
  the	
  trend	
  
amongst	
  successful	
  businesses.	
  Companies,	
  government	
  and	
  others	
  constantly	
  
invest	
  in	
  these	
  environments	
  to	
  build	
  innovative	
  cultures	
  around	
  the	
  globe.	
  In	
  2006,	
  
there	
  were	
  over	
  1,100	
  incubators	
  in	
  North	
  America	
  of	
  many	
  different	
  types.	
  As	
  most	
  
incubators	
  have	
  mixed	
  used	
  (54%),	
  some	
  of	
  them	
  specialize	
  in	
  other	
  disciplines	
  
(Technology	
  represent	
  39%).9	
  87%	
  of	
  incubators	
  graduate	
  start-­‐ups	
  stay	
  in	
  
business.	
  It	
  is	
  also	
  vital	
  for	
  the	
  survival	
  of	
  corporations	
  as	
  they	
  represent	
  a	
  source	
  of	
  
innovation	
  and	
  revenue.	
  The	
  trend	
  is	
  to	
  invest	
  in	
  incubators	
  at	
  creation,	
  then	
  take	
  
equity	
  from	
  the	
  start-­‐ups	
  as	
  they	
  become	
  self-­‐sufficient.10	
  
	
  
We	
  are	
  lucky	
  to	
  have	
  two	
  of	
  the	
  first-­‐adopters	
  of	
  this	
  movement	
  right	
  here	
  in	
  
Canada.	
  The	
  University	
  of	
  Alberta’s	
  TEC	
  Edmonton	
  and	
  Ryerson	
  University’s	
  Digital	
  
Media	
  Zone	
  were	
  amongst	
  the	
  top	
  University-­‐ran	
  incubators	
  in	
  the	
  world	
  in	
  2014.	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
8	
  Bruneel,	
  Ratinho,	
  Clarysse,	
  &	
  Groen.	
  (2011)	
  
9	
  See	
  Table	
  types	
  of	
  incubation	
  in	
  Appendices	
  
10	
  Mas-­‐Verdú,	
  Ribeiro-­‐Soriano,	
  &	
  Roig-­‐Tierno.	
  (2015)	
  
10	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
Table	
  1:	
  Global	
  Top	
  25	
  University	
  Business	
  Incubators11	
  
As	
  one	
  of	
  our	
  closest	
  example	
  of	
  a	
  successful	
  incubator,	
  we	
  will	
  now	
  take	
  a	
  closer	
  
look	
  at	
  the	
  Digital	
  Media	
  Zone,	
  commonly	
  called	
  DMZ.	
  
	
  
5.2	
  Ryerson	
  University	
  Digital	
  Media	
  Zone	
  	
  
Ryerson’s	
  DMZ	
  is	
  a	
  one	
  of	
  a	
  kind	
  incubator	
  
in	
  the	
  heart	
  of	
  Toronto.	
  At	
  the	
  DMZ,	
  students	
  help	
  
companies	
  take	
  the	
  next	
  step	
  by	
  providing	
  them	
  with	
  the	
  help	
  they	
  need.	
  By	
  doing	
  
so,	
  these	
  students	
  gain	
  real	
  life	
  experience	
  and	
  the	
  companies	
  are	
  able	
  to	
  leverage	
  
knowledge	
  that	
  is	
  alien	
  to	
  them.	
  Their	
  main	
  focus	
  is	
  on	
  connecting	
  customers,	
  
advisors,	
  influencers	
  and	
  other	
  entrepreneurs	
  to	
  innovate,	
  collaborate	
  and	
  learn	
  in	
  
an	
  experiential	
  fashion.	
  The	
  DMZ	
  believes	
  that	
  in	
  order	
  to	
  develop	
  a	
  strong	
  
innovative	
  culture	
  in	
  Canada,	
  we	
  have	
  to	
  start	
  at	
  the	
  “grassroots”,	
  its	
  students.	
  The	
  
DMZ	
  also	
  created	
  a	
  hub	
  called	
  Zone	
  Learning	
  described	
  as	
  the	
  following:	
  “Zone	
  
learning	
  transforms	
  your	
  educational	
  experience	
  at	
  Ryerson.	
  It	
  takes	
  you	
  beyond	
  
the	
  classroom	
  and	
  lets	
  you	
  meet	
  and	
  work	
  with	
  students	
  from	
  across	
  the	
  university	
  
who	
  are	
  creative,	
  ambitious,	
  and	
  driven	
  by	
  passion.	
  By	
  becoming	
  part	
  of	
  Ryerson’s	
  
zone	
  learning	
  network,	
  you’ll	
  get	
  the	
  right	
  kind	
  of	
  support	
  to	
  create,	
  develop,	
  and	
  
launch	
  your	
  idea.”	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
11	
  UBI	
  Index.	
  (n.d.)	
  
BMG	
  320	
   11	
  
	
  
	
  
	
  
The	
  Digital	
  Media	
  zone	
  operates	
  following	
  the	
  5	
  pillars	
  as	
  seen	
  below.	
  These	
  
steps	
  are	
  true	
  for	
  students	
  as	
  well	
  as	
  start-­‐ups.	
  In	
  the	
  case	
  of	
  students,	
  they	
  can	
  
apply	
  for	
  the	
  DMZ	
  through	
  an	
  organization	
  called	
  Enactus,	
  which	
  will	
  be	
  approached	
  
later	
  on.	
  As	
  for	
  businesses,	
  they	
  are	
  offered	
  a	
  4	
  months	
  trial	
  period	
  in	
  which	
  they	
  get	
  
access	
  to	
  all	
  the	
  resources	
  for	
  free.	
  A	
  membership	
  fee	
  is	
  applicable	
  after	
  this	
  period.	
  
	
  
	
  
Since	
  its	
  creation	
  in	
  April	
  2010,	
  the	
  DMZ	
  as	
  incubated	
  over	
  130	
  startups,	
  helped	
  
raise	
  $	
  40	
  million	
  dollars	
  and	
  created	
  1,200	
  jobs.	
  This	
  represents	
  the	
  greatest	
  
measure	
  of	
  success	
  for	
  the	
  incubator.	
  Companies	
  are	
  able	
  to	
  leverage	
  cheap	
  labor	
  
and	
  knowledge,	
  and	
  in	
  return	
  students	
  
are	
  given	
  the	
  right	
  tools	
  to	
  succeed	
  
when	
  they	
  graduate,	
  credits	
  for	
  their	
  
involvement	
  (through	
  Seed	
  programs)	
  
and	
  even	
  job-­‐offers	
  at	
  graduation.	
  
Everyone	
  wins.	
  
	
  
The	
  number	
  of	
  start-­‐up	
  launched	
  
from	
  the	
  DMZ	
  is	
  astonishing.	
  Some	
  of	
  the	
  most	
  notable	
  ones	
  are	
  FlyBits,	
  JamCam,	
  
HouseIt,	
  Closing	
  Folders	
  Inc.	
  and	
  SoapBox.	
  
12	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
	
  
5.3	
  Accelerator	
  
The	
  reason	
  why	
  we	
  explore	
  the	
  concept	
  of	
  incubators	
  and	
  accelerator	
  is	
  
because	
  the	
  common	
  impression	
  amongst	
  Bishop’s	
  people	
  of	
  interests	
  is	
  that	
  the	
  
Dobson-­‐	
  Lagassé	
  Center	
  is	
  an	
  incubator.	
  But	
  as	
  David	
  Monty	
  quickly	
  pointed	
  out	
  to	
  
us,	
  they	
  are	
  fundamentally	
  different.	
  The	
  Dobson–	
  Lagassé	
  Center	
  is	
  not	
  an	
  
incubator,	
  it	
  is	
  an	
  accelerator.	
  Paul	
  Bricault	
  of	
  Amplify	
  describes	
  it:	
  	
  
“An	
  accelerator	
  takes	
  single-­‐digit	
  chunks	
  of	
  equity	
  in	
  externally	
  developed	
  
ideas	
  in	
  return	
  for	
  small	
  amounts	
  of	
  capital	
  and	
  mentorship.	
  They’re	
  
generally	
  truncated	
  into	
  a	
  three	
  to	
  four	
  month	
  program	
  at	
  the	
  end	
  of	
  
which	
  the	
  start-­‐ups	
  ‘graduate’.”12	
  	
  
This	
  is	
  an	
  interesting	
  concept	
  as	
  it	
  brings	
  the	
  notion	
  of	
  graduating.	
  Companies	
  enter	
  
the	
  ecosystem	
  to	
  accelerate	
  their	
  growth.	
  They	
  will	
  have	
  mentors,	
  attend	
  
workshops,	
  seek	
  specialize	
  help,	
  etc.,	
  for	
  a	
  short	
  amount	
  of	
  time	
  with	
  the	
  purpose	
  of	
  
correcting	
  or	
  eliminating	
  their	
  weaknesses.	
  An	
  accelerator	
  will	
  teach	
  the	
  companies	
  
the	
  tools	
  to	
  be	
  self-­‐sufficient	
  at	
  the	
  end	
  of	
  this	
  period	
  of	
  intense	
  learning.	
  Companies	
  
do	
  not	
  necessarily	
  give	
  equity	
  in	
  exchange	
  for	
  these	
  services;	
  they	
  will	
  usually	
  
simply	
  give	
  a	
  small	
  amount	
  of	
  money.	
  Just	
  like	
  incubators,	
  they	
  have	
  the	
  advantages	
  
of	
  having	
  centralized	
  help,	
  low	
  cost	
  labor	
  (to	
  none),	
  specialized	
  help,	
  workspace,	
  and	
  
resources.	
  
	
  
In	
  order	
  to	
  analyze	
  Bishop’s	
  own	
  entrepreneurial	
  culture	
  we	
  will	
  first	
  
examine	
  the	
  model	
  for	
  all	
  accelerators	
  of	
  North	
  America:	
  Babson	
  College.	
  David	
  
Monty’s	
  model	
  for	
  Entrepreneurship	
  and	
  the	
  Dobson-­‐	
  Lagassé	
  Center	
  is	
  based	
  of	
  
this	
  institution.	
  
	
  
	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
12	
  DesMarais,	
  C.	
  (2012)	
  
BMG	
  320	
   13	
  
	
  
	
  
5.4	
  Babson	
  College	
  
Babson	
  College	
  is	
  considered	
  the	
  benchmark	
  in	
  
Entrepreneurship	
  in	
  North	
  America.	
  According	
  to	
  
David	
  Monty,	
  every	
  year,	
  similar	
  programs	
  around	
  
the	
  continent	
  go	
  to	
  this	
  Boston	
  area	
  school	
  every	
  
year	
  to	
  study	
  its	
  structure	
  and	
  methods	
  in	
  the	
  
form	
  of	
  seminars.	
  Based	
  on	
  a	
  survey	
  of	
  2,000	
  school	
  administrators	
  in	
  2014,	
  Babson	
  
ranks	
  1st	
  in	
  undergraduate	
  entrepreneurship	
  program	
  and	
  second	
  in	
  graduate	
  
entrepreneurship	
  programs.13	
  The	
  Princeton	
  review	
  also	
  ranks	
  it	
  1st	
  in	
  
undergraduate	
  schools	
  for	
  entrepreneurship.14	
  Babson’s	
  entrepreneurship	
  MBA	
  
ranks	
  number	
  1	
  according	
  to	
  the	
  U.S.	
  News	
  &	
  World	
  Report	
  (2016).	
  15	
  
	
  
It	
  is	
  a	
  difficult	
  task	
  to	
  calculate	
  the	
  return	
  of	
  investment	
  of	
  such	
  programs.	
  In	
  
order	
  to	
  do	
  so,	
  it	
  is	
  argued	
  that	
  the	
  best	
  way	
  is	
  to	
  calculate	
  graduation	
  rate,	
  average	
  
student	
  salary	
  after	
  5	
  years	
  of	
  graduation	
  and	
  success	
  stories	
  that	
  flourished	
  from	
  
Babson.	
  In	
  terms	
  of	
  categories	
  the	
  metrics	
  can	
  be	
  named	
  educational	
  quality,	
  
affordability,	
  and	
  career	
  outcome.	
  According	
  to	
  Money	
  Magazine,	
  Babson	
  is	
  also	
  the	
  
number	
  1	
  College	
  in	
  America.	
  This	
  is	
  very	
  impressive	
  considering	
  it	
  ranks	
  above	
  
powerhouses	
  like	
  MIT	
  and	
  Harvard.	
  The	
  investment	
  itself	
  represents	
  the	
  money	
  
invested	
  in	
  a	
  4-­‐year	
  program.	
  90%	
  of	
  its	
  students	
  graduate	
  within	
  6	
  years	
  of	
  
enrollment	
  and	
  alumni	
  average	
  around	
  $59,700	
  annually	
  after	
  5	
  years	
  of	
  
graduation.	
  Many	
  successful	
  businesses	
  and	
  entrepreneurs	
  have	
  also	
  taking-­‐off	
  in	
  
this	
  accelerator.	
  The	
  following	
  are	
  3	
  examples	
  of	
  graduates	
  that	
  have	
  taking	
  their	
  
experience	
  at	
  Babson	
  College	
  and	
  turned	
  it	
  into	
  great	
  success	
  stories.	
  Matthew	
  R.	
  
Coffin	
  graduated	
  from	
  the	
  University	
  in	
  1990	
  and	
  in	
  2005	
  sold	
  his	
  business	
  called	
  
LowerMyBills.com	
  for	
  $380	
  million	
  to	
  company	
  Experian.	
  He	
  was	
  also	
  named	
  
Southern	
  California	
  Entrepreneur	
  of	
  the	
  Year	
  in	
  2006.	
  Mir	
  Ibrahim	
  Rahman	
  
graduated	
  from	
  Babson	
  in	
  2000.	
  From	
  there	
  he	
  went	
  on	
  to	
  co-­‐found	
  Pakistan’s	
  most	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
13	
  Entrepreneur.	
  (2014)	
  
14	
  The	
  Princeton	
  Review.	
  (n.d.)	
  
15	
  U.S.	
  News	
  &	
  World	
  Report.	
  (2015)	
  
14	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
popular	
  and	
  largest	
  media	
  outlet,	
  GEO	
  TV	
  when	
  he	
  was	
  only	
  25.	
  He	
  went	
  on	
  to	
  win	
  
many	
  awards,	
  notably	
  the	
  Robert	
  F.	
  Kennedy	
  award	
  for	
  Excellence	
  in	
  Public	
  Service	
  
at	
  the	
  Harvard	
  Kennedy	
  School.	
  Lastly,	
  Babson	
  
Entrepreneurship	
  center,	
  Arthur	
  M.	
  Blank	
  center,	
  is	
  named	
  
after	
  the	
  co	
  founder	
  of	
  The	
  Home	
  Depot	
  who	
  graduated	
  from	
  
Babson	
  in	
  1963.	
  	
  
	
  
	
   How	
  is	
  Babson	
  able	
  to	
  stimulate	
  creative	
  minds	
  to	
  go	
  
above	
  and	
  beyond	
  in	
  changing	
  the	
  environment	
  around	
  them	
  
through	
  innovation?	
  There	
  are	
  many	
  characteristics	
  that	
  make	
  Babson	
  such	
  a	
  
dominant	
  figure	
  in	
  the	
  world	
  of	
  entrepreneurship.	
  
	
  
First,	
  Babson’s	
  entrepreneurship	
  program	
  offers	
  its	
  378	
  enrolled	
  students	
  79	
  full-­‐
time	
  courses	
  with	
  a	
  focus	
  on	
  practical	
  learning.	
  With	
  the	
  help	
  of	
  9	
  mentors	
  provided	
  
by	
  a	
  sponsored	
  school	
  program,	
  they	
  constantly	
  work	
  on	
  projects	
  hands-­‐on	
  to	
  help	
  
them	
  real	
  their	
  full	
  potential.16	
  These	
  programs	
  are	
  crucial	
  to	
  their	
  development	
  as	
  
they	
  gain	
  the	
  necessary	
  tools	
  to	
  become	
  entrepreneurs	
  themselves.	
  They	
  are	
  
rewarded	
  with	
  credits,	
  awards	
  and	
  bursaries.	
  In	
  the	
  last	
  5	
  years,	
  181	
  companies	
  
have	
  launched	
  from	
  the	
  College.	
  
	
  
The	
  second	
  dominant	
  factor	
  is	
  the	
  John	
  E.	
  and	
  Alice	
  L.	
  Butler	
  Venture	
  Accelerator	
  at	
  
Babson.	
  This	
  center	
  represents	
  the	
  fundamentals	
  of	
  an	
  accelerator.	
  “Through	
  our	
  
diverse	
  programs,	
  students	
  and	
  alumni	
  explore	
  opportunities	
  and	
  move	
  their	
  
business	
  concepts	
  forward,	
  taking	
  advantage	
  of	
  workspace,	
  peer-­‐mentoring	
  
programs,	
  expert	
  advisers,	
  and	
  other	
  valuable	
  resources.”	
  This	
  ecosystem	
  enables	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
16	
  Entrepreneur.	
  (2014)	
  
BMG	
  320	
   15	
  
	
  
	
  
companies	
  to	
  flourish	
  and	
  grow	
  at	
  an	
  accelerated	
  rate	
  following	
  the	
  3	
  stages	
  below.	
  
	
  
It	
  offers	
  various	
  services	
  and	
  resources	
  like	
  legal	
  advice,	
  mentors,	
  workspace,	
  
events,	
  etc.17	
  A	
  great	
  aspect	
  for	
  companies	
  is	
  that	
  students	
  aren’t	
  allowed	
  to	
  take	
  any	
  
equity	
  an	
  external	
  business	
  coming	
  in	
  for	
  help	
  or	
  a	
  salary	
  before	
  graduation.	
  This	
  is	
  
great	
  for	
  companies	
  looking	
  for	
  centralized	
  help	
  at	
  low	
  cost.	
  Both	
  parties	
  therefore	
  
add	
  value	
  to	
  the	
  other	
  in	
  a	
  beneficial	
  matter.	
  
	
  
	
   In	
  term	
  of	
  financial	
  resources,	
  Babson	
  is	
  lucky	
  to	
  have	
  the	
  support	
  of	
  one	
  of	
  
the	
  biggest	
  foundation	
  dedicated	
  to	
  Entrepreneurship	
  in	
  the	
  United	
  States,	
  the	
  
Kauffman	
  Foundation.	
  The	
  foundation	
  based	
  out	
  of	
  Kansas	
  City	
  devotes	
  itself	
  to	
  
“...foster	
  a	
  society	
  of	
  economically	
  independent	
  individuals	
  who	
  are	
  engaged	
  citizens	
  
in	
  their	
  community.”	
  That	
  being	
  said	
  they	
  see	
  this	
  shift	
  happening	
  by	
  focusing	
  on	
  2	
  
main	
  areas:	
  Education	
  and	
  Entrepreneurship.	
  The	
  Kauffman	
  foundation	
  is	
  also	
  
involve	
  in	
  big	
  projects,	
  such	
  as	
  Khan	
  Academy,	
  an	
  online	
  website	
  dedicated	
  to	
  
academic	
  help	
  through	
  informational	
  videos.	
  Babson	
  is	
  able	
  to	
  leverage	
  their	
  
support.18	
  
20	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
17	
  Babson	
  College.	
  (n.d.)	
  
18	
  Kauffman	
  Foundation.	
  (n.d.)	
  
	
  
16	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
Finally,	
  Babson	
  offers	
  numerous	
  special	
  programs	
  &	
  events	
  dedicated	
  to	
  raising	
  
entrepreneurial	
  awareness	
  and	
  culture	
  throughout	
  its	
  environment.	
  Here	
  are	
  some	
  
of	
  the	
  most	
  important	
  ones:	
  
• Babson	
  College	
  Entrepreneurship	
  Research	
  Conference:	
  This	
  conference	
  is	
  
considered	
  one	
  of	
  the	
  best	
  in	
  the	
  world	
  in	
  the	
  field	
  of	
  entrepreneurship.	
  Each	
  
year	
  over	
  350	
  scholars	
  join	
  the	
  conference.	
  
• B.E.T.A.	
  Challenge	
  (Babson	
  Entrepreneurial	
  Thoughts	
  and	
  Actions):	
  This	
  
challenge	
  award	
  $20,000	
  and	
  “service	
  in	
  kind”	
  to	
  a	
  group	
  of	
  individuals	
  to	
  
reward	
  them	
  for	
  taking	
  an	
  idea	
  and	
  putting	
  it	
  into	
  action.	
  Cash	
  prizes	
  are	
  
awarded	
  by	
  corporate	
  sponsors.	
  Two	
  prizes	
  of	
  $2,500	
  are	
  also	
  given	
  to	
  the	
  
finalists.	
  
• Rocket	
  Pitch:	
  Babson	
  College,	
  Olin’s	
  Engineering	
  and	
  Wellesley	
  College	
  
student	
  are	
  welcomed	
  to	
  an	
  evening	
  where	
  they	
  are	
  invited	
  to	
  pitch	
  their	
  
projects	
  to	
  investors,	
  alumni	
  and	
  school	
  representative.	
  These	
  officials	
  are	
  
located	
  in	
  several	
  rooms	
  and	
  do	
  not	
  give	
  feedback	
  until	
  the	
  end	
  of	
  the	
  
evening	
  when	
  a	
  networking	
  session	
  occurs	
  and	
  students	
  gets	
  to	
  meet	
  these	
  
people	
  and	
  chat	
  business	
  opportunities	
  with	
  them.	
  
• Summer	
  Venture	
  Program:	
  This	
  program	
  lasts	
  10	
  week	
  and	
  start-­‐up	
  and	
  
companies	
  take	
  place	
  in	
  workshops	
  and	
  are	
  provided	
  the	
  mentoring	
  
necessary	
  to	
  help	
  accelerate	
  their	
  business.	
  
• Alumni	
  Entrepreneur	
  Hall-­‐of-­‐Fame:	
  Just	
  like	
  the	
  3	
  success	
  stories	
  presented	
  
at	
  the	
  beginning	
  of	
  this	
  section,	
  Babson	
  graduates	
  that	
  have	
  contributed	
  to	
  
their	
  environment	
  with	
  great	
  innovation	
  are	
  recognized	
  in	
  its	
  hall-­‐of-­‐fame.	
  
	
  
5.5	
  Common	
  Success	
  Factors	
  
Both	
  systems	
  are	
  able	
  to	
  take	
  small	
  ideas	
  and	
  create	
  a	
  number	
  of	
  real	
  
successful	
  projects.	
  Although	
  they	
  are	
  fundamentally	
  somewhat	
  different,	
  they	
  are	
  
truly	
  one	
  of	
  kind	
  for	
  that	
  exact	
  reason.	
  We	
  now	
  observe	
  some	
  of	
  the	
  common	
  key	
  
factors	
  that	
  contributed	
  to	
  both’	
  success.	
  
	
  
BMG	
  320	
   17	
  
	
  
	
  
First,	
  these	
  environments	
  possessed	
  their	
  full	
  organization	
  &	
  community	
  
faith	
  &	
  support.	
  This	
  category	
  is	
  very	
  important	
  when	
  trying	
  to	
  put	
  forward	
  a	
  
culture	
  revolving	
  around	
  entrepreneurship.	
  As	
  an	
  organization,	
  both	
  of	
  those	
  
universities	
  understood	
  the	
  importance	
  of	
  putting	
  forward	
  creative	
  thinking	
  and	
  
innovation.	
  They’ve	
  giving	
  these	
  programs	
  their	
  full	
  support	
  to	
  implement	
  
centralization	
  of	
  knowledge	
  and	
  resources	
  to	
  help	
  departments	
  build	
  together,	
  
financial	
  aid	
  (if	
  necessary),	
  etc.	
  These	
  programs	
  now	
  represent	
  their	
  pride	
  and	
  joy	
  
and	
  are	
  at	
  the	
  center	
  of	
  not	
  only	
  the	
  school	
  itself,	
  but	
  also	
  the	
  community	
  in	
  which	
  
they	
  live	
  in.	
  The	
  biggest	
  aspect	
  to	
  retain	
  from	
  this	
  point	
  is	
  that	
  they	
  were	
  able	
  to	
  
align	
  the	
  values	
  of	
  all	
  spheres	
  of	
  the	
  organizations	
  towards	
  innovation,	
  as	
  a	
  common	
  
goal.	
  
	
  
They	
  both	
  employ	
  practical	
  learning	
  methods	
  for	
  students.	
  In	
  this	
  regard,	
  
programs	
  curriculum	
  are	
  based	
  off	
  real	
  life	
  experiences	
  where	
  students	
  work	
  with	
  
mentors	
  and	
  companies	
  to	
  improve	
  their	
  knowledge	
  of	
  disciplines.	
  They	
  also	
  are	
  
encouraged	
  to	
  start	
  projects	
  of	
  their	
  own,	
  for	
  which	
  they	
  are	
  rewarded	
  with	
  credits	
  
and/or	
  bursaries.	
  These	
  rewards	
  ultimately	
  aim	
  to	
  take	
  these	
  projects	
  one-­‐step	
  
further	
  and	
  put	
  them	
  into	
  action.	
  For	
  students	
  of	
  these	
  schools,	
  creating	
  is	
  part	
  of	
  
their	
  degree	
  and	
  innovation	
  is	
  the	
  norm.	
  Students	
  that	
  have	
  been	
  rewarded	
  for	
  
entrepreneurial	
  thinking	
  are	
  also	
  publicly	
  acclaimed	
  throughout	
  the	
  universities.	
  
Events	
  and	
  contest	
  are	
  constantly	
  occurring,	
  engaging	
  the	
  students	
  in	
  an	
  interactive	
  
manner.	
  
	
  
Both	
  of	
  these	
  schools	
  possess	
  a	
  tremendous	
  access	
  to	
  resources,	
  which	
  
broaden	
  the	
  scale	
  of	
  possibilities	
  and	
  quality	
  of	
  engagements.	
  It	
  is	
  one	
  thing	
  to	
  be	
  
sponsored	
  by	
  the	
  largest	
  foundation	
  pro	
  entrepreneurship	
  in	
  the	
  US	
  or	
  being	
  able	
  to	
  
afford	
  to	
  move	
  the	
  facilities	
  in	
  one	
  of	
  the	
  better	
  looking	
  buildings	
  downtown	
  
Toronto,	
  but	
  this	
  also	
  involves	
  the	
  amount	
  of	
  mentors	
  available,	
  access	
  to	
  
technology	
  and	
  specialist	
  from	
  all	
  disciplines.	
  Yes,	
  Babson	
  and	
  Ryerson	
  are	
  
fortunate	
  to	
  have	
  such	
  generous	
  donors,	
  but	
  they	
  also	
  put	
  these	
  resources	
  into	
  good	
  
use.	
  They	
  are	
  now	
  on	
  the	
  path	
  to	
  self-­‐sufficiency	
  and	
  independence	
  from	
  the	
  school	
  
18	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
itself.	
  The	
  number	
  of	
  alumni	
  mentors	
  and	
  entrepreneurs	
  helping	
  those	
  students	
  and	
  
start-­‐ups	
  through	
  the	
  process	
  is	
  also	
  very	
  high.	
  So	
  these	
  young	
  minds	
  constantly	
  
have	
  specialists	
  to	
  help	
  them	
  gain	
  perspective	
  on	
  the	
  topic	
  at	
  hand.	
  
	
  
	
  
6.	
  ENTREPRENEURSHIP	
  AT	
  BISHOP’S	
  
6.1	
  Introduction	
  
To	
  determine	
  the	
  state	
  of	
  entrepreneurship	
  at	
  Bishops	
  University,	
  a	
  number	
  
of	
  informal	
  interviews	
  were	
  conducted	
  with	
  people	
  of	
  interest	
  across	
  campus.	
  These	
  
included,	
  students,	
  professors,	
  staff	
  and	
  alumni	
  who	
  were	
  perceived	
  to	
  be	
  
knowledgeable	
  in	
  the	
  area.	
  These	
  interviews	
  contained	
  a	
  number	
  of	
  open-­‐ended	
  
questions	
  that	
  encouraged	
  unbounded	
  conversations.	
  Through	
  these	
  discussions,	
  
there	
  was	
  a	
  great	
  amount	
  of	
  valuable	
  input	
  received	
  that	
  helped	
  assess	
  said	
  state	
  at	
  
Bishops.	
  These	
  interviews	
  placed	
  limitations	
  on	
  the	
  evaluation	
  as	
  it	
  lacked	
  
objectivity.	
  Talking	
  to	
  a	
  number	
  of	
  different	
  people	
  with	
  different	
  opinions	
  and	
  
perceptions	
  led	
  to	
  a	
  great	
  deal	
  of	
  subjectivity	
  on	
  this	
  topic.	
  While	
  some	
  believed	
  
there	
  is	
  a	
  great	
  deal	
  of	
  positivity	
  and	
  a	
  strong	
  entrepreneurial	
  culture	
  that	
  exists	
  on	
  
campus	
  and	
  in	
  the	
  surrounding	
  community,	
  there	
  was	
  opposition	
  and	
  nevertheless	
  
a	
  lot	
  of	
  criticism.	
  This	
  criticism	
  not	
  only	
  touched	
  on	
  the	
  culture	
  but	
  also	
  focused	
  on	
  
the	
  bigger	
  picture	
  with	
  issues	
  involving	
  Bishop’s	
  University	
  as	
  a	
  whole.	
  
	
  
BMG	
  320	
   19	
  
	
  
	
  
6.2	
  Overall	
  Culture	
  
While	
  the	
  overall	
  culture	
  of	
  entrepreneurship	
  at	
  Bishop’s	
  is	
  subjective,	
  varying	
  from	
  
one	
  to	
  another,	
  there	
  are	
  many	
  existing	
  elements	
  that	
  are	
  clear	
  and	
  objective.	
  Many	
  
of	
  these	
  aspects	
  play	
  a	
  major	
  role	
  in	
  the	
  culture	
  but	
  are	
  however	
  intangible.	
  With	
  
less	
  than	
  3,000	
  students	
  enrolled	
  at	
  the	
  university,	
  the	
  small	
  size	
  has	
  several	
  big	
  
advantages.	
  Because	
  the	
  majority	
  of	
  students	
  are	
  not	
  locals	
  and	
  come	
  from	
  a	
  
distance,	
  it	
  is	
  very	
  common	
  for	
  them	
  to	
  live	
  within	
  Lennoxville	
  and	
  hence	
  very	
  close	
  
to	
  campus.	
  The	
  creation	
  of	
  this	
  bubble	
  not	
  only	
  increases	
  the	
  likelihood	
  of	
  students	
  
getting	
  involved	
  in	
  extra	
  curricular	
  activities,	
  but	
  makes	
  it	
  very	
  accessible	
  for	
  them.	
  
The	
  scale	
  of	
  Bishops	
  University	
  has	
  led	
  to	
  the	
  development	
  of	
  a	
  very	
  tight	
  knit	
  
community,	
  which	
  helps	
  fosters	
  a	
  strong	
  entrepreneurial	
  spirit.	
  This	
  spirit	
  is	
  
generated	
  with	
  the	
  willingness	
  of	
  students	
  to	
  be	
  apart	
  and	
  make	
  a	
  difference	
  within	
  
the	
  community.	
  Bishops	
  encourages	
  and	
  enables	
  its	
  students	
  to	
  get	
  involved	
  with	
  
the	
  many	
  clubs	
  and	
  or	
  other	
  activities	
  on	
  campus.	
  The	
  spirit	
  that	
  exists	
  encourages	
  
participation	
  and	
  involvement	
  amongst	
  students.	
  A	
  part	
  of	
  the	
  culture	
  that	
  is	
  
accompanied	
  with	
  these	
  factors	
  is	
  a	
  heavy	
  social	
  presence	
  at	
  the	
  school.	
  Bishop’s	
  is	
  
known	
  to	
  have	
  a	
  student	
  population	
  that	
  enjoys	
  celebrating	
  together	
  and	
  organizing	
  
communal	
  events.	
  Some	
  of	
  these	
  events	
  have	
  generated	
  revenue	
  that	
  is	
  then	
  
donated	
  to	
  charity	
  while	
  creating	
  memories	
  that	
  will	
  last	
  forever.	
  	
  Within	
  the	
  
existence	
  of	
  this	
  spirit,	
  some	
  elements	
  attempt	
  to	
  breed	
  creative	
  and	
  critical	
  
thinking.	
  	
  This	
  mindset	
  is	
  crucial	
  for	
  entrepreneurial	
  culture	
  and	
  needs	
  to	
  be	
  
emphasized	
  more	
  at	
  Bishop’s.	
  	
  Many	
  of	
  the	
  professors	
  interviewed	
  complained	
  that	
  
the	
  lack	
  of	
  competition	
  amongst	
  students	
  in	
  the	
  business	
  department	
  restricts	
  the	
  
generation	
  of	
  this	
  mentality.	
  They	
  want	
  to	
  see	
  professors	
  and	
  students	
  alike	
  push	
  
each	
  other	
  to	
  create	
  a	
  strong	
  attitude	
  that	
  will	
  help	
  lead	
  to	
  success.	
  	
  With	
  a	
  lack	
  of	
  
funding	
  and	
  restrictive	
  financial	
  budget	
  at	
  the	
  university,	
  the	
  major	
  investment	
  
made	
  on	
  students	
  is	
  not	
  tangible.	
  The	
  investment	
  is	
  to	
  breed	
  entrepreneurial	
  
mindsets	
  that	
  will	
  help	
  create	
  a	
  strong	
  network	
  in	
  the	
  environment.	
  Because	
  of	
  the	
  
tight	
  community	
  and	
  level	
  of	
  engagement	
  that	
  exists,	
  alumni	
  will	
  be	
  much	
  more	
  
willing	
  to	
  give	
  back.	
  Developing	
  strong	
  alumni	
  and	
  keeping	
  them	
  connected	
  is	
  
20	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
important	
  in	
  adding	
  value	
  to	
  the	
  culture.	
  While	
  there	
  are	
  some	
  initiatives	
  within	
  
departments	
  across	
  campus,	
  there	
  is	
  not	
  an	
  entrepreneurial	
  backbone	
  that	
  is	
  
present	
  across	
  the	
  university.	
  One	
  of	
  the	
  issues	
  with	
  the	
  culture	
  is	
  the	
  lack	
  of	
  
consistency.	
  According	
  to	
  used	
  definition	
  20	
  of	
  entrepreneurship	
  culture	
  requires	
  it	
  
“to	
  be	
  embraced	
  by	
  most	
  and	
  have	
  shared	
  values	
  by	
  people	
  at	
  different	
  levels	
  of	
  the	
  
institutions	
  hierarchy”.	
  	
  	
  	
  
6.3	
  Influencers	
  
With	
  a	
  lack	
  of	
  uniform	
  entrepreneurial	
  practices,	
  the	
  Dobson-­‐Lagasse	
  Center	
  
working	
  alongside	
  the	
  Williams	
  School	
  of	
  Business	
  are	
  the	
  main	
  influencers	
  for	
  the	
  
culture.	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
6.3.1	
  Dobson-­‐Lagassé	
  Center	
  	
  	
  	
  	
  	
  	
  	
  	
   	
  
Before	
  the	
  inauguration	
  of	
  the	
  Williams	
  School	
  of	
  Business	
  in	
  1997,	
  Bishops	
  
University	
  did	
  not	
  offer	
  any	
  entrepreneurship	
  courses	
  to	
  its	
  students.	
  John	
  Oldland	
  a	
  
marketing	
  professor	
  at	
  the	
  university	
  with	
  an	
  entrepreneurial	
  background	
  had	
  a	
  
vision	
  to	
  incorporate	
  these	
  classes	
  into	
  the	
  curriculum.	
  Alongside	
  his	
  wife	
  Alice,	
  
Oldland	
  founded	
  Hatley	
  in	
  1986,	
  a	
  brand	
  that	
  produced	
  clothing	
  and	
  an	
  assortment	
  
of	
  gifts	
  geared	
  towards	
  cottagers.	
  Today,	
  the	
  label	
  has	
  grown	
  to	
  become	
  
tremendously	
  successful,	
  reaching	
  to	
  over	
  20	
  countries	
  worldwide	
  and	
  wholesaling	
  
to	
  more	
  than	
  3,000	
  stores.	
  In	
  addition,	
  it	
  owns	
  and	
  operates	
  21	
  stores	
  across	
  
Canada,	
  the	
  United	
  States	
  of	
  America	
  and	
  New	
  Zealand.	
  With	
  the	
  creation	
  of	
  his	
  own	
  
company,	
  Oldland	
  saw	
  the	
  importance	
  of	
  recognizing	
  opportunities	
  and	
  taking	
  
action	
  in	
  the	
  market.	
  He	
  wanted	
  to	
  encourage	
  this	
  amongst	
  his	
  students	
  and	
  foster	
  
an	
  entrepreneurial	
  spirit	
  across	
  the	
  university.	
  At	
  the	
  time	
  there	
  were	
  financial	
  
limitations	
  that	
  existed	
  that	
  restricted	
  him	
  from	
  achieving	
  his	
  goal.	
  This	
  obstacle	
  
was	
  overcome	
  soon	
  thereafter	
  with	
  the	
  help	
  of	
  John	
  Dobson,	
  a	
  premier	
  supporter	
  of	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
20	
  Journal	
  of	
  Entrepreneurial	
  Education	
  
BMG	
  320	
   21	
  
	
  
	
  
entrepreneurship	
  in	
  Canada	
  and	
  Louie	
  Lagassé,	
  one	
  of	
  the	
  most	
  influential	
  business	
  
in	
  the	
  country.	
  Together	
  in	
  1998,	
  they	
  co-­‐founded	
  the	
  Dobson-­‐Lagassé	
  Center	
  that	
  	
  
brought	
  funding	
  to	
  the	
  table	
  enabling	
  entrepreneurship	
  courses	
  to	
  be	
  taught	
  in	
  the	
  
business	
  school.	
  Furthermore,	
  the	
  center	
  had	
  a	
  mission	
  to	
  develop	
  the	
  community	
  
by	
  integrating	
  both	
  English	
  and	
  French	
  culture.	
  The	
  Dobson-­‐Lagassé	
  Center	
  follows	
  
Babson	
  College’s	
  business	
  model	
  in	
  teaching	
  entrepreneurship	
  by	
  connecting	
  
students	
  with	
  local	
  entrepreneurs	
  and	
  mentors	
  through	
  experiential	
  learning.	
  
Facilitating	
  this	
  link	
  between	
  these	
  three	
  creates	
  a	
  network	
  and	
  adds	
  value	
  to	
  the	
  
environment.	
  While	
  this	
  academic	
  segment	
  is	
  directly	
  linked	
  to	
  the	
  university	
  in	
  
progressing	
  young	
  minds,	
  the	
  center	
  offers	
  consulting	
  to	
  local	
  entrepreneurs	
  
independently.	
  The	
  services	
  that	
  they	
  offer	
  to	
  small	
  business	
  in	
  the	
  region	
  are;	
  
market	
  research,	
  accounting	
  support,	
  mentorship,	
  counseling,	
  and	
  training	
  and	
  
speed	
  coaching.	
  In	
  2006,	
  the	
  center	
  was	
  facing	
  financial	
  difficulties,	
  as	
  they	
  lost	
  
primary	
  sources	
  of	
  funding	
  and	
  had	
  to	
  reduce	
  their	
  cash	
  flow	
  in	
  half.	
  	
  Dobson-­‐
Lagassé	
  brought	
  in	
  Dave	
  Monty,	
  the	
  current	
  executive	
  director,	
  to	
  help	
  alleviate	
  the	
  
problem.	
  With	
  expertise	
  in	
  strategic	
  positioning,	
  Monty	
  developed	
  a	
  new	
  inventory	
  
plan	
  for	
  the	
  center.	
  It	
  is	
  a	
  significant	
  part	
  of	
  Bishop’s	
  University	
  as	
  it	
  has	
  helped	
  over	
  
2,000	
  students	
  and	
  800	
  local	
  businesses.	
  The	
  director	
  wants	
  to	
  continue	
  to	
  see	
  it	
  
grow	
  and	
  support	
  entrepreneurs	
  in	
  the	
  environment	
  however	
  would	
  like	
  to	
  see	
  it	
  
disassociated	
  itself	
  from	
  the	
  school	
  and	
  operate	
  as	
  an	
  independent	
  entity.	
  	
  
	
  
6.3.2	
  Williams	
  School	
  of	
  Business	
  
The	
  Williams	
  School	
  of	
  Business	
  is	
  designed	
  to	
  provide	
  an	
  interactive,	
  hands-­‐on	
  
learning	
  experience	
  that	
  attempts	
  to	
  prepare	
  students	
  to	
  take	
  on	
  the	
  world.	
  The	
  small	
  
classroom	
  size	
  enables	
  students	
  to	
  be	
  engaged	
  with	
  peers	
  and	
  professors	
  and	
  helps	
  
them	
  develop	
  a	
  strong	
  network	
  both	
  inside	
  and	
  out	
  of	
  the	
  classroom.	
  	
  Unlike	
  big	
  
universities,	
  professors	
  are	
  easily	
  approachable	
  and	
  accessible	
  and	
  care	
  about	
  the	
  
education	
  they	
  are	
  providing.	
  At	
  Babson	
  College,	
  the	
  average	
  class	
  size	
  is	
  29	
  students	
  
provides	
  one	
  of	
  the	
  best	
  return	
  on	
  investments	
  in	
  the	
  United	
  States.	
  With	
  more	
  than	
  80	
  
%	
  of	
  business	
  professors	
  as	
  full	
  time	
  and	
  tenured,	
  they	
  view	
  students	
  as	
  more	
  than	
  just	
  a	
  
22	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
number	
  and	
  have	
  a	
  big	
  impact	
  on	
  developing	
  these	
  young	
  minds.	
  	
  The	
  Williams	
  School	
  of	
  
Business	
  places	
  a	
  heavy	
  emphasis	
  on	
  teamwork	
  for	
  student	
  projects.	
  While	
  
entrepreneurs	
  often	
  embark	
  on	
  ventures	
  independently,	
  the	
  ability	
  to	
  work	
  in	
  a	
  team	
  is	
  
tremendously	
  important.	
  In	
  order	
  to	
  succeed	
  in	
  future	
  endeavors,	
  it	
  is	
  vital	
  for	
  them	
  to	
  
have	
  this	
  skill.	
  	
  As	
  Ewing	
  Marion	
  Kauffman,	
  founder	
  of	
  one	
  of	
  the	
  largest	
  private	
  
foundations	
  in	
  the	
  United	
  States	
  said:	
  
“All	
  of	
  the	
  money	
  in	
  the	
  world	
  cannot	
  solve	
  problems	
  unless	
  we	
  work	
  together.	
  And	
  
if	
  we	
  work	
  together,	
  there	
  is	
  no	
  problem	
  in	
  the	
  world	
  that	
  can	
  stop	
  us,	
  as	
  we	
  seek	
  to	
  
develop	
  people	
  to	
  their	
  highest	
  potential.”	
  21	
  
	
  
6.3.4	
  SEED	
  
One	
  of	
  the	
  highlights	
  of	
  the	
  business	
  school	
  is	
  the	
  SEED	
  portfolio	
  geared	
  towards	
  
the	
  finance	
  department.	
  
	
  
In	
  1985,	
  chartered	
  financial	
  analyst	
  Stephen	
  Barlow	
  came	
  to	
  Bishop’s	
  to	
  help	
  out	
  
the	
  finance	
  program.	
  With	
  an	
  extensive	
  background	
  in	
  the	
  field,	
  he	
  recognized	
  a	
  much	
  
higher	
  need	
  for	
  financial	
  services	
  over	
  corporate	
  finance.	
  With	
  a	
  greater	
  number	
  of	
  jobs	
  
in	
  this	
  industry,	
  he	
  began	
  transitioning	
  the	
  department	
  to	
  increase	
  the	
  focus	
  on	
  capital	
  
markets	
  and	
  securities.	
  This	
  shift	
  was	
  tremendously	
  beneficial	
  to	
  the	
  department	
  as	
  its	
  
growth	
  over	
  the	
  next	
  decade	
  made	
  it	
  become	
  the	
  university’s	
  most	
  prominent	
  business	
  
program.	
  While	
  Barlow	
  had	
  made	
  great	
  efforts	
  and	
  strides	
  with	
  the	
  finance	
  department,	
  
he	
  longed	
  to	
  continually	
  improve	
  upon	
  its	
  strong	
  foundation.	
  With	
  the	
  help	
  of	
  a	
  	
  
$3,000,000	
  donation	
  by	
  David	
  A.	
  Williams,	
  a	
  successful	
  investment	
  manager	
  and	
  
Bishop’s	
  graduate	
  (1963),	
  the	
  SEED	
  portfolio	
  was	
  created.	
  SEED	
  (Success	
  through	
  
Education,	
  Entrepreneurship	
  and	
  Determination)	
  is	
  “an	
  exclusive	
  opportunity	
  for	
  
students	
  to	
  experience	
  the	
  risks	
  and	
  rewards	
  of	
  portfolio	
  management”	
  (website).	
  This	
  
practical	
  learning	
  experience	
  allows	
  students	
  to	
  gain	
  valuable	
  knowledge	
  and	
  essential	
  
tools	
  that	
  can	
  be	
  applied	
  in	
  the	
  market.	
  This	
  program	
  is	
  important	
  in	
  breeding	
  creative	
  
and	
  critical	
  thinking	
  that	
  are	
  crucial	
  for	
  entrepreneurial	
  minds.	
  In	
  addition	
  it	
  is	
  one	
  of	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
21	
  Kauffman	
  Foundation	
  
BMG	
  320	
   23	
  
	
  
	
  
the	
  major	
  aspects	
  that	
  give	
  the	
  Williams	
  School	
  of	
  Business	
  a	
  competitive	
  advantage	
  
over	
  many	
  Canadian	
  business	
  schools.	
  	
  
	
  
	
   The	
  Williams	
  School	
  of	
  Business	
  promotes	
  entrepreneurship	
  with	
  the	
  help	
  of	
  the	
  
Dobson-­‐Lagassé	
  Centre	
  by	
  connecting	
  students	
  with	
  local	
  companies	
  and	
  giving	
  them	
  
the	
  opportunity	
  to	
  gain	
  real	
  world	
  experience.	
  	
  This	
  allows	
  them	
  to	
  learn	
  the	
  ins	
  and	
  
outs	
  of	
  the	
  business	
  and	
  create	
  entrepreneurial	
  solutions	
  to	
  operational	
  problems.	
  	
  
Reviews	
  that	
  cover	
  entrepreneurial	
  education	
  highlight	
  the	
  fact	
  that	
  it	
  is	
  fundamental	
  to	
  
incorporate	
  this	
  aspect	
  into	
  its	
  teaching.	
  	
  Researcher	
  Dr.	
  Martin	
  J	
  Bliemel	
  at	
  University	
  of	
  
New	
  South	
  Wales	
  in	
  Australia	
  heavily	
  stresses	
  the	
  importance	
  of	
  gaining	
  real	
  business	
  
world	
  involvement	
  in	
  his	
  article,	
  Getting	
  Entrepreneurship	
  Education	
  Out	
  of	
  the	
  
Classroom	
  and	
  into	
  Students’	
  Heads	
  published	
  in	
  the	
  Entrepreneurship	
  Research	
  Journal	
  
22.	
  	
  The	
  conclusion	
  made	
  by	
  Vivek	
  Wadhwa,	
  an	
  academic	
  who	
  specializes	
  in	
  
technological	
  entrepreneurship	
  was	
  that	
  through	
  “education,	
  exposure	
  and	
  networks	
  
[…established…]	
  lead	
  these	
  people	
  to	
  pursue	
  the	
  entrepreneurial	
  path”	
  23.	
  	
  
It	
  is	
  this	
  mindset	
  that	
  inspires	
  students	
  to	
  start	
  new	
  ventures	
  that	
  the	
  entrepreneurial	
  
culture	
  of	
  Bishop’s	
  University	
  strives	
  to	
  achieve.	
  	
  While	
  the	
  Dobson-­‐Lagassé	
  Center	
  is	
  
very	
  beneficial	
  and	
  helps	
  many	
  reach	
  this	
  goal,	
  the	
  environment	
  it	
  operates	
  in,	
  restricts	
  
the	
  level	
  of	
  growth.	
  Once	
  again,	
  the	
  major	
  problem	
  at	
  hand	
  stems	
  from	
  financial	
  
limitations.	
  There	
  is	
  need	
  for	
  a	
  dominant	
  foundation	
  that	
  exists	
  to	
  help	
  finance	
  
entrepreneurship	
  in	
  the	
  country.	
  South	
  of	
  the	
  border	
  in	
  the	
  United	
  States,	
  the	
  Kauffman	
  
foundation	
  is	
  a	
  private	
  non-­‐profit	
  organization	
  that	
  financially	
  supports	
  individuals	
  
aiming	
  to	
  help	
  improve	
  communities.	
  Based	
  out	
  of	
  Kansas	
  City,	
  Missouri,	
  the	
  foundation	
  
focuses	
  on	
  supporting	
  entrepreneurial	
  education	
  and	
  creates	
  programs	
  that	
  will	
  give	
  
students	
  valuable	
  experiences	
  while	
  allowing	
  them	
  to	
  gain	
  skills	
  that	
  will	
  be	
  of	
  great	
  use	
  
in	
  the	
  future.	
  With	
  an	
  endowment	
  of	
  $2	
  billion	
  dollars,	
  they	
  are	
  able	
  to	
  spend	
  millions	
  
dollars	
  on	
  grants	
  yearly	
  aimed	
  to	
  help	
  create	
  “a	
  society	
  of	
  economically	
  independent	
  
individuals	
  who	
  are	
  engaged	
  citizens,	
  contributing	
  to	
  the	
  improvement	
  of	
  their	
  	
  
	
   22	
  Entrepreneurship	
  Research	
  Journal	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
   	
   	
   	
   	
   	
  23	
  Tech	
  Crunch
24	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
	
   communities.”	
  19	
  The	
  Kauffman	
  foundation	
  has	
  conducted	
  great	
  amount	
  of	
  research	
  
in	
  the	
  area	
  of	
  entrepreneurship	
  education.	
  Vice	
  President	
  of	
  research,	
  Bob	
  Litan	
  
determined	
  the	
  field	
  is	
  a	
  teachable	
  subject,	
  however	
  requires	
  “practical,	
  relevant	
  
knowledge”	
  24.	
  Fast	
  Trac,	
  is	
  one	
  of	
  Kauffman’s	
  program	
  that	
  supports	
  the	
  growth	
  of	
  start	
  
up	
  business.	
  This	
  program	
  started	
  in	
  1993	
  and	
  has	
  helped	
  train	
  more	
  than	
  300,000	
  
entrepreneurs	
  in	
  the	
  last	
  two	
  decades.	
  	
  
	
  
6.3.4	
  BUCS	
  
	
   Within	
  the	
  Williams	
  School	
  of	
  Business	
  is	
  BUCS	
  (Bishops	
  University	
  Commerce	
  
Society),	
  a	
  student	
  run	
  organization	
  that	
  aims	
  to	
  support	
  business	
  students.	
  BUCS	
  does	
  
not	
  focus	
  on	
  one	
  specific	
  business	
  department	
  but	
  has	
  the	
  goal	
  to	
  integrate	
  all	
  
concentrations	
  outside	
  the	
  classroom.	
  This	
  past	
  year,	
  2015,	
  they	
  were	
  awarded	
  the	
  
Canadian	
  Association	
  of	
  Business	
  Students	
  rising	
  star	
  award.	
  While	
  they	
  do	
  not	
  directly	
  
promote	
  entrepreneurship,	
  they	
  encourage	
  taking	
  action	
  within	
  the	
  market	
  and	
  creating	
  
strong	
  networks.	
  One	
  of	
  their	
  new	
  strategies	
  allows	
  business	
  students	
  to	
  submit	
  
contribution	
  forms	
  for	
  a	
  program	
  or	
  an	
  application	
  that	
  will	
  be	
  beneficial.	
  The	
  most	
  
recent	
  contribution	
  form	
  that	
  resulted	
  in	
  action	
  was	
  the	
  investment	
  club.	
  Proactive	
  
students	
  are	
  able	
  to	
  realize	
  their	
  visions	
  and	
  establish	
  groups	
  with	
  the	
  help	
  of	
  BUCS	
  
funding.	
  This	
  will	
  in	
  turn,	
  create	
  new	
  developments	
  and	
  progressive	
  elements	
  that	
  will	
  
help	
  the	
  Williams	
  School	
  of	
  Business.	
  Some	
  of	
  the	
  notable	
  events	
  that	
  BUCS	
  organizes	
  
are	
  the	
  wine	
  &	
  cheeses,	
  career	
  cocktails,	
  banker’s	
  day	
  and	
  case	
  competitions.	
  These	
  give	
  
students	
  important	
  networking	
  opportunities	
  and	
  allow	
  them	
  to	
  gain	
  essential	
  
experiences	
  that	
  will	
  help	
  widen	
  their	
  scope	
  of	
  contacts.	
  The	
  case	
  competition	
  that	
  was	
  
another	
  new	
  addition	
  by	
  BUCS	
  this	
  winter	
  fosters	
  strong	
  competition	
  amongst	
  different	
  
groups,	
  while	
  giving	
  students	
  great	
  exposure	
  and	
  a	
  solid	
  monetary	
  reward.	
  This	
  helps	
  
encourage	
  students	
  to	
  think	
  critically	
  in	
  order	
  to	
  advance	
  themselves	
  and	
  their	
  careers.	
  
BUCS	
  is	
  an	
  important	
  support	
  system	
  that	
  entrepreneurs	
  can	
  fall	
  back	
  and	
  use	
  at	
  
Bishop’s.	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
24	
  Fast	
  Trac	
   	
   	
   	
  
	
  
BMG	
  320	
   25	
  
	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
   	
  
6.3.5	
  ENACTUS	
  
	
   Enactus	
  is	
  a	
  global	
  non-­‐profit	
  organization	
  that	
  has	
  the	
  purpose	
  of	
  fostering	
  
entrepreneurial	
  action.	
  They	
  are	
  an	
  international	
  community	
  of	
  students,	
  educators	
  and	
  
business	
  leaders	
  that	
  exists	
  in	
  over	
  1,700	
  universities	
  in	
  36	
  countries	
  across	
  the	
  world.	
  
Founded	
  in	
  1975	
  in	
  Springfield,	
  Missouri,	
  it	
  was	
  originally	
  called	
  Students	
  in	
  Free	
  
Enterprise.	
  Its	
  three	
  pillars	
  are	
  the	
  ability	
  to	
  perceive	
  opportunity	
  in	
  the	
  market	
  and	
  
subsequently	
  create	
  value,	
  making	
  an	
  impact	
  that	
  is	
  sustainable	
  and	
  the	
  collaboration	
  
between	
  students,	
  academics	
  and	
  business	
  leaders	
  to	
  make	
  the	
  world	
  a	
  better	
  place.	
  
While	
  SAFE	
  was	
  a	
  prominent	
  organization	
  that	
  had	
  partnerships	
  and	
  associations	
  across	
  
the	
  globe,	
  they	
  underwent	
  a	
  rebranding	
  in	
  2012.	
  In	
  order	
  to	
  show	
  their	
  dedication	
  to	
  
entrepreneurial	
  action,	
  they	
  were	
  renamed	
  Enactus,	
  stemming	
  from	
  the	
  three	
  words,	
  
entrepreneurship,	
  action	
  and	
  us.	
  With	
  a	
  consistent	
  brand	
  name	
  Enactus	
  was	
  committed	
  
to	
  improving	
  many	
  communities	
  across	
  the	
  world.	
  They	
  are	
  able	
  to	
  get	
  this	
  done	
  
through	
  their	
  six	
  main	
  values,	
  imagination,	
  courage,	
  partnership,	
  determination,	
  
accountability	
  and	
  curiosity.	
  Formerly	
  known	
  as	
  ACE,	
  Advancing	
  Canadian	
  
Entrepreneurship,	
  founded	
  in	
  2002,	
  was	
  Canada’s	
  own	
  version	
  of	
  Enactus	
  before	
  its	
  
global	
  rebranding	
  in	
  2012.	
  Present	
  in	
  over	
  66	
  campus	
  across	
  the	
  country,	
  it	
  has	
  helped	
  
employ	
  1,600	
  people	
  and	
  impacted	
  643,026	
  people.	
  
	
  
26	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
	
  
	
  
	
   Bishops	
  University	
  is	
  one	
  of	
  the	
  thousand	
  universities	
  worldwide	
  that	
  has	
  its	
  own	
  
Enactus	
  program.	
  Similarly	
  to	
  the	
  limitations	
  with	
  Dobson	
  Lagassé	
  and	
  the	
  Williams	
  
School	
  of	
  Business,	
  this	
  program	
  has	
  scarce	
  resources	
  available,	
  which	
  is	
  very	
  
restrictive.	
  While	
  comparing	
  it	
  to	
  the	
  Enactus	
  programs	
  at	
  bigger	
  schools	
  like	
  Concordia	
  
or	
  Ryerson,	
  the	
  budget	
  and	
  number	
  of	
  people	
  involved	
  is	
  a	
  fraction	
  of	
  what	
  they	
  are	
  
working	
  with.	
  While	
  it	
  is	
  hard	
  to	
  have	
  the	
  same	
  resources	
  at	
  a	
  school	
  of	
  such	
  a	
  small	
  
scale,	
  it	
  limits	
  the	
  level	
  of	
  competition	
  at	
  inter	
  collegiate	
  Enactus	
  events.	
  	
  In	
  addition,	
  
Enactus	
  requires	
  its	
  programs	
  to	
  simultaneously	
  work	
  on	
  entrepreneurial,	
  community	
  
and	
  social	
  segments.	
  At	
  a	
  small	
  school	
  like	
  Bishop’s	
  University,	
  it	
  may	
  be	
  more	
  beneficial	
  
to	
  put	
  all	
  eggs	
  in	
  one	
  basket	
  and	
  excel	
  in	
  one	
  segment.	
  The	
  two	
  projects	
  Enactus	
  Bishop’s	
  
is	
  currently	
  working	
  on	
  are	
  uConversations	
  and	
  Praxis	
  Malawi.	
  uConversations	
  aims	
  to	
  
develop	
  an	
  app	
  that	
  will	
  integrate	
  all	
  events	
  occurring	
  on	
  campus	
  and	
  in	
  the	
  community.	
  
In	
  addition	
  it	
  looks	
  to	
  be	
  a	
  platform	
  that	
  connects	
  current	
  entrepreneurship	
  students	
  
with	
  alumni	
  that	
  are	
  able	
  to	
  mentor	
  them.	
  Its	
  purpose	
  it	
  to	
  have	
  a	
  platform	
  that	
  is	
  a	
  hub	
  
of	
  communication	
  that	
  also	
  serves	
  as	
  a	
  strong	
  networking	
  tool.	
  With	
  the	
  release	
  of	
  the	
  
Bishop’s	
  student	
  representative	
  council	
  app	
  this	
  winter,	
  there	
  is	
  competition	
  that	
  rivals	
  
its	
  launch.	
  Praxis	
  Malawi	
  has	
  the	
  goal	
  of	
  entering	
  one	
  of	
  the	
  poorest	
  countries	
  in	
  the	
  
world	
  to	
  make	
  a	
  significant	
  impact.	
  This	
  project	
  attempts	
  to	
  develop	
  a	
  business	
  model	
  
that	
  will	
  enable	
  the	
  African	
  communities	
  to	
  build	
  stone	
  oven	
  for	
  themselves	
  and	
  in	
  turn	
  
use	
  it	
  to	
  sell	
  to	
  neighboring	
  villages.	
  This	
  will	
  help	
  them	
  become	
  sustainable	
  and	
  make	
  a	
  
tremendous	
  impact	
  in	
  the	
  life	
  of	
  all	
  residents.	
  	
  
BMG	
  320	
   27	
  
	
  
	
  
	
   	
  
	
  
6.4	
  Student	
  Projects	
  &	
  Initiatives	
  
	
   As	
  mentioned	
  earlier,	
  Bishop’s	
  University	
  is	
  a	
  school	
  that	
  is	
  very	
  accessible	
  to	
  its	
  
students.	
  Seeing	
  how	
  the	
  majority	
  of	
  these	
  students	
  live	
  nearby,	
  they	
  are	
  more	
  willing	
  to	
  
be	
  proactive	
  within	
  the	
  university	
  community.	
  Because	
  it	
  is	
  very	
  easy	
  for	
  them	
  to	
  get	
  
involved,	
  there	
  are	
  a	
  number	
  of	
  student	
  projects	
  and	
  initiatives	
  that	
  exist	
  and	
  more	
  and	
  
more	
  that	
  are	
  started.	
  The	
  ones	
  that	
  follow	
  were	
  identified	
  to	
  be	
  amongst	
  the	
  most	
  
prominent	
  at	
  the	
  university.	
  
	
  
	
   Build	
  A	
  Better	
  Purple	
  is	
  a	
  fundraising	
  campaign	
  that	
  targets	
  senior	
  students	
  that	
  are	
  
graduating	
  as	
  there	
  primary	
  donors.	
  While	
  this	
  campaign	
  has	
  always	
  existed	
  at	
  Bishop’s	
  
it	
  successfully	
  rebranded	
  in	
  the	
  past	
  couple	
  years.	
  Its	
  motto,	
  “give	
  a	
  little	
  purple	
  back”	
  
encourages	
  student	
  to	
  give	
  a	
  donation	
  of	
  $10	
  dollars,	
  which	
  coincides	
  with	
  the	
  fact	
  that	
  
the	
  bill	
  is	
  purple.	
  	
  In	
  addition,	
  they	
  organize	
  many	
  events	
  in	
  grad	
  week	
  one	
  of	
  the	
  last	
  
weeks	
  before	
  exams.	
  This	
  included	
  trivia	
  night	
  and	
  happy	
  hour	
  at	
  The	
  Gait	
  and	
  a	
  very	
  
popular	
  event	
  amongst	
  students,	
  the	
  rubber	
  mallard	
  golf	
  tournament.	
  The	
  money	
  raised	
  
is	
  used	
  to	
  fund	
  a	
  student	
  project	
  that	
  will	
  be	
  voted	
  upon	
  by	
  the	
  following	
  year’s	
  
28	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
graduate.	
  The	
  projects	
  that	
  are	
  proposed	
  must	
  first	
  and	
  foremost	
  be	
  conceivable,	
  
generate	
  impact	
  and	
  lastly	
  have	
  a	
  sense	
  of	
  creativity.	
  This	
  program	
  is	
  very	
  
entrepreneurial	
  as	
  it	
  gives	
  Bishop’s	
  students	
  the	
  opportunity	
  to	
  improve	
  the	
  community	
  
and	
  leave	
  a	
  lasting	
  legacy.	
  The	
  project	
  that	
  was	
  voted	
  upon	
  by	
  the	
  graduating	
  class	
  was	
  a	
  
student	
  run	
  radio	
  station.	
  
	
  
	
   This	
  dream	
  became	
  a	
  realization,	
  and	
  in	
  February	
  2015,	
  Bishop’s	
  Toast	
  Radio	
  was	
  
born.	
  The	
  capital	
  raised	
  through	
  Build	
  A	
  Better	
  Purple	
  as	
  well	
  as	
  a	
  kick	
  starter	
  campaign	
  
and	
  additional	
  funding	
  from	
  the	
  university’s	
  student	
  representative	
  council	
  enabled	
  a	
  
successful	
  launch.	
  The	
  money	
  was	
  used	
  to	
  purchase	
  equipment	
  that	
  enables	
  the	
  radio	
  to	
  
broadcast	
  online.	
  	
  The	
  idea	
  of	
  a	
  student	
  run	
  radio	
  station	
  was	
  positively	
  received	
  across	
  
the	
  school,	
  as	
  many	
  were	
  eager	
  to	
  get	
  involved.	
  A	
  total	
  of	
  56	
  applications	
  were	
  received	
  
which	
  resulted	
  in	
  a	
  6	
  day	
  broadcasting	
  schedule	
  with	
  51	
  different	
  shows	
  covering	
  a	
  wide	
  
scope.	
  Toast	
  Radio’s	
  launch	
  party	
  was	
  a	
  success,	
  which	
  helped	
  generate	
  a	
  buzz	
  for	
  the	
  
station.	
  Within	
  the	
  first	
  three	
  weeks	
  of	
  broadcasts,	
  the	
  Facebook	
  page	
  gained	
  15,000	
  
visits	
  and	
  the	
  program	
  has	
  been	
  streamed	
  nearly	
  4,000	
  times.	
  In	
  addition,	
  it	
  has	
  gained	
  a	
  
worldwide	
  reached,	
  listened	
  to	
  throughout	
  16	
  different	
  countries.	
  This	
  radio	
  station	
  
gives	
  students	
  the	
  opportunity	
  to	
  get	
  involved	
  with	
  the	
  school	
  and	
  have	
  a	
  unique	
  
experience	
  of	
  been	
  a	
  DJ	
  or	
  talk	
  show	
  host.	
  Toast	
  Radio	
  has	
  a	
  great	
  amount	
  of	
  potential	
  
that	
  can	
  be	
  used	
  to	
  enhance	
  the	
  culture	
  at	
  the	
  school	
  and	
  help	
  the	
  community.	
  While	
  this	
  
is	
  the	
  beginning	
  there	
  are	
  many	
  strides	
  that	
  need	
  to	
  be	
  take	
  to	
  obtain	
  a	
  strong	
  and	
  
sustainable	
  future	
  for	
  Toast.	
  
	
   	
   	
   	
   	
   	
   	
   	
  
	
   	
  BMK	
  355,	
  a	
  marketing	
  class	
  the	
  curriculum	
  offers	
  uses	
  the	
  Dobson	
  Lagassé	
  center	
  to	
  
link	
  students	
  with	
  local	
  business	
  to	
  develop	
  a	
  marketing	
  plan.	
  One	
  student	
  group	
  that	
  
was	
  linked	
  with	
  the	
  sports	
  center	
  developed	
  a	
  promotional	
  plan	
  that	
  used	
  a	
  team	
  of	
  
students.	
  This	
  plan	
  was	
  then	
  used	
  and	
  put	
  into	
  action	
  to	
  promote	
  the	
  athletic	
  program	
  
and	
  subsequently	
  Gaiters	
  home	
  games.	
  This	
  promotional	
  team	
  focused	
  on	
  using	
  
targeting	
  students	
  alike,	
  which	
  ultimately	
  are	
  the	
  schools	
  greatest	
  assets.	
  They	
  use	
  social	
  
media	
  platforms	
  to	
  relay	
  sports	
  information	
  to	
  followers	
  and	
  engage	
  students	
  
collaboration.	
  This	
  team	
  called	
  the	
  Gaiter	
  Squad,	
  makes	
  home	
  games	
  a	
  special	
  
BMG	
  320	
   29	
  
	
  
	
  
experience	
  by	
  increasing	
  the	
  atmosphere,	
  including	
  special	
  contests	
  and	
  crowd	
  
involvement	
  that	
  results	
  in	
  greater	
  attendance.	
  This	
  team	
  puts	
  in	
  a	
  great	
  amount	
  of	
  hard	
  
work	
  and	
  effort	
  and	
  receives	
  minimal	
  reward	
  or	
  recognition.	
  It	
  is	
  essential	
  to	
  build	
  upon	
  
this	
  initial	
  team	
  that	
  was	
  introduced	
  this	
  year	
  by	
  developing	
  a	
  structure	
  and	
  continually	
  
improving	
  on	
  what	
  can	
  be	
  done.	
  This	
  year,	
  Bishop’s	
  University	
  hosted	
  the	
  RSEQ	
  Final	
  
Four	
  basketball	
  championship	
  at	
  the	
  new	
  sports	
  center.	
  This	
  is	
  an	
  experience	
  that	
  gives	
  
students	
  a	
  good	
  opportunity	
  to	
  market	
  to	
  a	
  large	
  audience	
  and	
  help	
  give	
  the	
  school	
  and	
  
athletics	
  more	
  exposure.	
  Looking	
  forward	
  to	
  next	
  year,	
  Bishop’s	
  will	
  be	
  hosting	
  the	
  
Baggataway	
  Cup,	
  the	
  Canadian	
  University	
  Field	
  Lacrosse	
  Associations	
  national	
  
championship.	
  Bishop’s	
  can	
  offer	
  credits	
  or	
  incentives	
  to	
  the	
  team	
  so	
  that	
  they	
  continue	
  
to	
  seize	
  opportunities	
  on	
  campus	
  while	
  raising	
  awareness	
  and	
  stimulating	
  the	
  Gaiters	
  
with	
  a	
  loud	
  and	
  energized	
  crowd	
  rooting	
  for	
  the	
  home	
  team.	
  This	
  student	
  initiative	
  
turned	
  into	
  a	
  project	
  that	
  can	
  help	
  students	
  gain	
  skills	
  that	
  can	
  be	
  used	
  in	
  order	
  to	
  
properly	
  market	
  and	
  gain	
  success	
  in	
  future	
  endeavors.	
  
	
  
	
   Another	
  project	
  that	
  was	
  conceived	
  within	
  a	
  class	
  was	
  the	
  Dragon’s	
  Den	
  pitch	
  that	
  
came	
  from	
  BMG	
  320.	
  Through	
  the	
  Topics	
  of	
  Entrepreneurship	
  action	
  plan	
  project,	
  
students	
  organized	
  a	
  competition	
  style	
  event	
  where	
  student	
  entrepreneurs	
  pitch	
  their	
  
business	
  idea	
  to	
  a	
  panel	
  of	
  judges.	
  This	
  can	
  be	
  linked	
  to	
  beginner	
  entrepreneur	
  class	
  
BMG	
  214,	
  where	
  students	
  must	
  create	
  their	
  own	
  start	
  up	
  in	
  theory	
  and	
  develop	
  a	
  
feasible	
  business	
  plan.	
  This	
  event	
  stimulates	
  entrepreneurial	
  spirit	
  as	
  it	
  highlights	
  the	
  
best	
  action	
  plans	
  on	
  seizing	
  opportunity	
  in	
  the	
  surrounding	
  market.	
  It	
  generates	
  a	
  spirit	
  
of	
  competition	
  that	
  is	
  lacking	
  throughout	
  the	
  Williams	
  School	
  of	
  Business	
  as	
  the	
  winner	
  
receives	
  a	
  monetary	
  reward.	
  In	
  addition,	
  this	
  event	
  is	
  great	
  to	
  showcase	
  talent	
  that	
  
exists	
  within	
  the	
  university,	
  allows	
  ideas	
  to	
  be	
  shared	
  with	
  the	
  community	
  and	
  provides	
  
great	
  networking.	
  
30	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
	
  
	
   Another	
  major	
  initiative	
  that	
  has	
  developed	
  into	
  one	
  of	
  Bishop’s	
  biggest	
  social	
  and	
  
charity	
  events	
  is	
  the	
  fashion	
  show.	
  	
  Five	
  years	
  ago	
  it	
  was	
  brought	
  on	
  campus	
  as	
  an	
  event	
  
that	
  would	
  bring	
  the	
  community	
  together	
  at	
  Centennial	
  Theater.	
  Now	
  it	
  has	
  become	
  a	
  
staple	
  during	
  the	
  winter	
  at	
  Bishop’s.	
  	
  The	
  fashion	
  show	
  is	
  put	
  together	
  to	
  allow	
  students	
  
to	
  gain	
  another	
  opportunity	
  to	
  get	
  involved	
  at	
  the	
  school	
  and	
  be	
  apart	
  of	
  something	
  
unique.	
  A	
  major	
  part	
  of	
  Bishop’s	
  is	
  the	
  diversity	
  of	
  students	
  coming	
  from	
  different	
  
regions	
  and	
  backgrounds	
  meshing	
  together	
  in	
  the	
  Lennoxville	
  bubble.	
  With	
  heavy	
  
engagement	
  from	
  everyone,	
  a	
  strong	
  buzz	
  is	
  created	
  that	
  helps	
  generate	
  a	
  successful	
  
event	
  in	
  the	
  community.	
  	
  This	
  past	
  year,	
  the	
  committee	
  went	
  above	
  and	
  beyond	
  to	
  
incorporate	
  many	
  fund	
  raising	
  events	
  over	
  the	
  course	
  of	
  the	
  year.	
  They	
  utilized	
  on	
  
campus	
  with	
  The	
  Gait,	
  off	
  campus	
  through	
  The	
  Golden	
  Lion	
  and	
  Provigo	
  amongst	
  others	
  
to	
  fundraise	
  and	
  raise	
  awareness	
  for	
  the	
  show.	
  In	
  addition,	
  they	
  wanted	
  to	
  show	
  their	
  
charity,	
  the	
  Lennoxville	
  Youth	
  Center,	
  a	
  local	
  non-­‐profit	
  organization	
  its	
  significance.	
  For	
  
the	
  first	
  time	
  they	
  had	
  two	
  shows,	
  having	
  one	
  specifically	
  for	
  members	
  of	
  the	
  charity	
  and	
  
community.	
  They	
  reached	
  great	
  success,	
  raising	
  $18,000	
  which	
  was	
  the	
  highest	
  grossing	
  
amount	
  raised	
  by	
  the	
  student	
  body.	
  	
  
	
  
	
  
6.	
  INVOLVEMENT	
  OF	
  OTHER	
  DEPARTMENTS	
  
	
  
	
   Bishop’s	
  Entrepreneurial	
  Culture	
  doesn’t	
  necessarily	
  imply	
  actions	
  taken	
  by	
  
the	
  department	
  only.	
  Many	
  other	
  departments	
  are	
  involved	
  in	
  the	
  act	
  of	
  innovating	
  
and	
  creating.	
  The	
  following	
  is	
  a	
  list	
  of	
  current	
  enterprises	
  taking	
  place	
  on	
  campus	
  at	
  
the	
  moment.	
  
	
  
Chemistry	
  
Professor	
  Dale	
  Wood	
  has	
  his	
  own	
  brewing	
  company:	
  Arches	
  Brewery.	
  He	
  also	
  gives	
  
a	
  class	
  focused	
  on	
  sharing	
  his	
  knowledge	
  of	
  brewing	
  with	
  students.	
  
	
  
BMG	
  320	
   31	
  
	
  
	
  
Computer	
  Science	
  
Que	
  Innovation	
  has	
  to	
  be	
  one	
  of	
  the	
  most	
  notable	
  projects	
  on	
  campus.	
  Dr.	
  Tammy	
  
Salter	
  and	
  her	
  husband	
  founded	
  the	
  company	
  in	
  2010	
  focusing	
  on	
  technology	
  and	
  
solving	
  a	
  need.	
  Their	
  mission	
  statement	
  goes	
  as	
  follows:	
  “Que	
  Innovations	
  is	
  
committed	
  to	
  providing	
  well	
  crafted,	
  genius	
  yet	
  simple	
  and	
  functioning	
  technology	
  
devices.	
  Que	
  Innovations	
  believes	
  in	
  developing	
  superior	
  products	
  that	
  are	
  way	
  
above	
  anything	
  else	
  available	
  and	
  that	
  truly	
  serve	
  a	
  purpose.”	
  In	
  doing	
  so	
  she	
  
employs	
  Bishop’s	
  top	
  computer	
  science	
  students	
  and	
  gives	
  them	
  a	
  unique	
  
perspective	
  of	
  actual	
  work	
  in	
  field.	
  One	
  of	
  their	
  main	
  products	
  is	
  the	
  Que	
  Ball	
  
dedicated	
  to	
  help	
  autistic	
  children	
  learn	
  how	
  to	
  interact	
  and	
  emotions	
  through	
  play.	
  
The	
  company	
  was	
  also	
  name	
  as	
  a	
  2012	
  Computerworld	
  Honors	
  Laureate.	
  Award	
  
given	
  to	
  people	
  and	
  organization	
  create	
  information	
  technology	
  that	
  aims	
  to	
  
promote	
  positive	
  social,	
  economic	
  and	
  educational	
  change.25	
  
	
  
Bishop’s	
  University	
  
Bishop’s	
  Business	
  Bootcamp	
  offers	
  workshops	
  to	
  students	
  to	
  teach	
  them	
  how	
  to	
  
prepare	
  for	
  the	
  real	
  world.	
  Whether	
  it	
  is	
  networking	
  strategies	
  or	
  simply	
  how	
  to	
  
make	
  a	
  good	
  resume,	
  they	
  are	
  thought	
  how	
  to	
  improve	
  their	
  image	
  and	
  presence.	
  	
  
	
  
The	
  Top	
  10	
  After	
  10	
  (Hall-­‐of-­‐Fame)	
  is	
  ceremony	
  where	
  we	
  reward	
  our	
  best	
  alumni’s	
  
accomplishment	
  after	
  10	
  years	
  of	
  graduation.	
  
	
  
Arts	
  –	
  English	
  –	
  Humanities	
  
Quebec	
  Universities	
  English	
  Undergraduate	
  Conference	
  
(Q.U.E.U.C.)	
  is	
  an	
  annual	
  conference	
  hosted	
  by	
  the	
  
University.	
  During	
  the	
  3	
  day	
  period,	
  visitors	
  from	
  around	
  
the	
  world	
  are	
  welcomed	
  to	
  take	
  place	
  in	
  thematic	
  events,	
  
such	
  as	
  Shakespeare	
  Mock	
  Trial,	
  a	
  Edgar	
  Allen	
  Poe-­‐themed	
  social	
  event,	
  and	
  the	
  
annual	
  Literary-­‐themed	
  Cranium	
  Night.	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
25	
  	
  QueInnovations.	
  (2014)	
  
32	
   Bishop’s	
  University	
  Entrepreneurship	
  Culture	
  
	
  
	
  
	
  
Bishop’s	
  University	
  Film	
  Festival	
  (B.U.F.F.)	
  is	
  the	
  annual	
  competition	
  where	
  students	
  
create	
  short-­‐films	
  for	
  a	
  chance	
  to	
  compete	
  in	
  Le	
  Festival	
  Cinéma	
  du	
  Monde	
  de	
  
Sherbrooke	
  and/or	
  Le	
  Festival	
  du	
  Nouveau	
  Cinéma	
  in	
  Montreal.	
  Awards	
  are	
  also	
  
given	
  for	
  numerous	
  categories	
  during	
  the	
  night	
  of	
  the	
  screening.	
  
	
  
TEDxBishopsU	
  is	
  a	
  conference	
  platform	
  
where	
  speakers	
  come	
  following	
  the	
  
theme	
  of	
  “Illuminating	
  Education”	
  when	
  
talking	
  about	
  their	
  own	
  discipline.	
  The	
  goal	
  is	
  to	
  provoke	
  young	
  minds,	
  test	
  their	
  
perceptions	
  and	
  open	
  their	
  mind.	
  TEDxBishopsU	
  is	
  an	
  independent	
  entity	
  and	
  is	
  not	
  
related	
  to	
  the	
  famous	
  TedxTalks.	
  
	
  
	
  
	
  
	
  
8.	
  SUPPORT	
  SYSTEMS	
  	
  
	
  
	
   In	
  addition	
  to	
  the	
  Dobson	
  Lagassé	
  Center	
  and	
  the	
  Bishop’s	
  University	
  
Commerce	
  Society,	
  there	
  are	
  several	
  support	
  systems	
  that	
  are	
  in	
  place	
  and	
  meant	
  to	
  
encourage	
  creative	
  and	
  critical	
  thinking	
  and	
  promote	
  entrepreneurship	
  on	
  campus.	
  
The	
  two	
  major	
  elements	
  of	
  support	
  were	
  financial	
  and	
  psychological	
  through	
  
programs	
  offered.	
  
	
  
	
   In	
  order	
  to	
  adhere	
  to	
  the	
  financial	
  need	
  of	
  many	
  students	
  accepted	
  to	
  Bishops	
  
there	
  are	
  a	
  number	
  of	
  different	
  monetary	
  support	
  systems	
  that	
  exist.	
  With	
  the	
  help	
  
of	
  a	
  number	
  of	
  very	
  gracious	
  benefactors	
  who	
  have	
  given	
  generous	
  donations,	
  the	
  
school	
  offers	
  scholarships,	
  bursaries	
  and	
  funds	
  to	
  assist	
  students	
  in	
  their	
  
undergraduate	
  studies.	
  Bishop’s	
  offers	
  entry	
  scholarships	
  to	
  ensure	
  they	
  retain	
  and	
  
ensure	
  many	
  of	
  the	
  talented	
  students	
  with	
  high	
  averages.	
  This	
  is	
  important	
  to	
  
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper
Bishops university entrepreneurship culture research paper

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Bishops university entrepreneurship culture research paper

  • 1.         Bishop’s  University’s   Entrepreneurship  Culture     BMG  320   2015                 Karim  Sy-­‐Morissette  &   Keegan  Murphy                          
  • 2. 2   Bishop’s  University  Entrepreneurship  Culture       TABLE  OF  CONTENT     1.  Executive  summary  .....................................................................................................................................................................  3   2.  Introduction    ...............................................................................................................................................................................  4   3.  Methodology   3.1   Interviews  .........................................................................................................................................................  4   3.2   Articles,  Videos  &  Other  Media  ...............................................................................................................  5   4.  Entrepreneurship  &  Entrepreneurial  Culture   3.1   Capacity  Analysis  Methodology  ..............................................................................................................  5   5.  Incubators  &  Accelerators   5.1   Incubators  ........................................................................................................................................................  7   5.2   Ryerson  University  Digital  Media  Zone  ............................................................................................  10   5.3   Accelerator  ....................................................................................................................................................  12   5.4   Babson  College  ............................................................................................................................................  13   5.5   Common  Success  Factors  ........................................................................................................................  16   6.  Entrepreneurship  at  Bishop’s   6.1   Introduction  ..................................................................................................................................................  18   6.2   Overall  Culture  ............................................................................................................................................  19   6.3   Influencers  ....................................................................................................................................................  20     6.3.1  Dobson-­‐Lagassé  Center  ................................................................................................................  20     6.3.2  Williams  School  of  Business  .......................................................................................................  21     6.3.3  SEED  ......................................................................................................................................................  22     6.3.4  BUCS  .....................................................................................................................................................  24     6.3.5  Enactus  ................................................................................................................................................  25   6.4   Student  Projects  &  Initiatives  ...............................................................................................................  27   7.  Involvement  of  Other  Departments  ................................................................................................................................  30   8.  Support  Systems  ........................................................................................................................................................................  32   9.  Action  Plan   9.1   Limitations  ....................................................................................................................................................  37   9.2   Recommendations  .....................................................................................................................................  39   11.  Appendices   Appendix  A    ...........................................................................................................  Interview  Topics  of  Discussion   Appendix  B    ............................................................................................................  Incubation  Program  Sponsors   Appendix  C  .........................................................................................  Types  of  Business  Incubation  Programs   Appendix  D………………………………………………………………....  Enactus  Canada  vs  Enactus  USA  
  • 3. BMG  320   3       1.  EXECUTIVE  SUMMARY     Since  its  creation  in  1998,  the  Dobson-­‐Lagassé  Center  for  Entrepreneurship   as  dedicated  to  change  the  culture  of  this  University,  and  the  community   surrounding  it.  This  report  was  commissioned  with  the  purpose  of  analyzing  this   change  and  observes  the  current  state  of  the  entrepreneurial  culture  at  Bishop’s   University.  In  order  to  come  with  an  accurate  perspective  on  the  health  of  this   ecosystem,  interviews  were  conducted  to  13  people  of  interests  at  the  University.   These  interviews  were  open-­‐ended  and  focused  on  the  role  of  Entrepreneurship   here  at  Bishop’s  as  general  theme,  but  also  followed  a  flexible  structure  relating  to   the  topics  of  personal  projects,  incubators,  department  involvement,  and  student   involvement.  The  findings  were  comparatively  analyzed  to  benchmarked  model   ecosystems.  The  results  show  that  entrepreneurship  at  Bishop’s  is  in  a  stagnating   state,  and  some  weaknesses  prevents  the  growth  of  the  culture.  These  boundaries   include  communication,  management  structure,  access  to  resources  and  University   identity.     This  report  highlights  areas  of  improvements  and  discusses  these  recommendations   to  raise  the  level  of  this  culture:   • The  university  needs  to  transition  their  traditional  style  of  management   • Introducing  and  implementing  SEED  programs  (Marketing  Entrepreneurship   Series)   • Marketing  Entrepreneurship  Series   • The  birth  of  Toast  Radio  as  a  Hub     This  reports  has  limitations.  Some  key  University  contributors  were  not  reached   and  interviewed.  Also,  the  interviews  were  done  in  an  open-­‐ended  fashion,  that  way,   the  results  are  subjective  to  each  individual’s  perceptions  and  biases  might  occur.    
  • 4. 4   Bishop’s  University  Entrepreneurship  Culture       2.  INTRODUCTION       This  research  paper  focuses  on  evaluating  Bishops  University  and  the  state  of   the  entrepreneurial  culture  that  exists  on  campus  and  in  the  surrounding   community.  The  research  conducted  was  two  fold,  mainly  using  open-­‐ended   interviews  with  persons  of  interest  who  played  an  impact  role  within  this  culture.   Secondly,  literature,  videos  and  websites  that  were  useful  in  backing  up  these  initial   conversations.     According  to  Dobson-­‐Lagassé’s  executive  director  David  Monty,  a  large   fragment  of  entrepreneurship’s  contemporary  culture  deals  with  the  concepts  of   incubators  and  accelerators.  Looking  into  these  ecosystems,  these  models  were   observed  to  determine  the  main  factors  in  creating  a  successful  entrepreneurship   culture.       These  models  were  then  used  in  comparison  and  contrast  to  the  culture  at  Bishops   University.    Programs  supporting  this  culture,  student  initiatives  and  impact  players   were  highlighted  in  relation  to  their  role  in  this  culture.  An  action  plan  was   developed  focusing  on  limitations  that  exist  and  the  ideal  and  realistic  direction  to   be  attained  for  entrepreneurship  at  Bishops.       3.  Methodology   3.1  Interviews   In  order  to  gain  knowledge  on  the  key  aspects  of  Bishop’s  Entrepreneurial   Culture,  its  state  and  general  feeling  on  the  topic,  we  chose  to  interview  13  people  of   interests  at  Bishop’s  University  who  could  provide  us  with  different  perspectives.   These  people  are  departments’  chairperson’s,  students,  head  of  student-­‐ran  projects   and  clubs,  teachers  and  university  representatives.  The  interviews  were  conducted   in  an  open-­‐ended  manner;  the  goal  was  to  get  the  interviewees’  honest  unbiased   opinion.  Our  focus  revolved  around  creating  a  safe  platform  for  them  to  express   themselves.  The  interviews  lasted  between  20  to  90  minutes.  Interviews  were  
  • 5. BMG  320   5       recorded  using  the  iPhone  app  QuickVoice,  available  on  iTunes  store  for  free,  only   when  these  people  accepted  this  meeting  condition.       Although  these  meetings  focused  on  letting  the  interviewee  communicate   their  views  and  involvement  openly,  we  created  a  basic  structure  with  the  purpose   of  getting  information  on  similar  topics  throughout  our  process.  We  first  presented   ourselves  as  students  and  the  main  goal  of  our  project:  Gain  the  necessary   knowledge  on  the  Entrepreneurial  Culture  of  Bishop’s  University  and  use  it  to   recommend  trends  that  could  be  applied  to  enhance  the  culture.  As  for  the  topics   approached,  they  can  be  found  in  the  Appendices  section.       3.2  Articles,  Videos  &  Other  Media     With  the  purpose  of  supporting  our  findings  above  and  understand  what   represents  the  factors  in  a  successful  entrepreneurship  culture,  we  used  articles,   videos  and  other  sources  of  media.  The  information  gained  from  these  provided   crucial  knowledge  on  trends,  concepts  and  facts  that  help  give  life  to  this  project.       4.  ENTREPRENEURSHIP  &  ENTREPRENEURIAL  CULTURE     When  looking  to  investigate  the  topic  of  Entrepreneurship  at  Bishop’s   University,  it  is  important  to  first  understand  what  is  the  general  meaning  of   Entrepreneurship  and  how  is  it  applied  in  an  environment  to  create  what  is  referred   to  as  an  Entrepreneurial  Culture.     Entrepreneurship  derives  from  the  French  Entreprendre,  meaning  to   undertake,  and  is  defined  as  “The  capacity  and  willingness  to  develop,  organize  and   manage  a  business  venture  along  with  any  of  risks  in  order  to  make  profit.  The  most   obvious  example  is  the  starting  of  a  new  business.”1  Whether  it  focuses  on  profit  or                                                                                                                   1  BusinessDictionary.  (n.d.)  
  • 6. 6   Bishop’s  University  Entrepreneurship  Culture       not,  this  behaviour  enables  creative  minded  individuals  to  put  their  thoughts  and   ideas  into  action.  According  to  the  Business  News  Daily,  one  of  the  biggest  trends  of   the  near  future  is  the  resurgence  of  small  businesses  powered  by  entrepreneurial   minds.  They  quote:     “I  predict  there  is  going  to  be  a  resurgence  in  small  business  formation  as   Americans  get  back  to  their  entrepreneurial  spirit.  Millennials,  in  particular,   are  going  to  embrace  owning  their  own  business  as  they  realize  the  freedom   it  offers  and  reject  the  more  stringent  corporate  world  [to]  create  their  own   wealth.”  –Cody  Gunn,  president,  Gunn  Capital  Management2   The  topic  of  entrepreneurship  is  constantly  growing  in  the  world  today.  With  the   emergence  of  technology  and  focus  on  creativity,  people  are  constantly  looking  for   new  ideas  to  improve  the  environment  around  them.  The  mentality  also  revolves   around  the  idea  of  people  creating  their  dream  job.  This  economy  of  innovation  will   continue  to  grow  and  force  small  businesses  to  be  formed,  grow  and  expand.     A  collection  of  such  behaviors  in  a  single  environment  creates  what  is  called   an  entrepreneurial  culture.  Through  this  culture,  the  creative  kinds  thrive  as  they   are  giving  the  tools  to  translate  their  ideas  into  tangible  actions.  Mihaylo  College  of   Business  and  Economics  at  California  State  University  Fullerton  presents  it  as:  “an   environment  where  someone  is  motivated  to  innovate,  create  and  take  risks.  In  a   business,  an  entrepreneurial  culture  means  that  employees  are  encouraged  to   brainstorm  new  ideas  or  products.”3  A  great  example  of  a  business  giving  its   employees  a  chance  to  innovate  is  the  20  Percent  Time  rule  (or  mentality).   Companies  like  Google,  LinkedIn,  Facebook,  Yahoo  and  eBay,  all  force  their   employees  to  use  at  least  20%  of  their  paid  hours  working  on  personal  projects  and   testing  their  brains.  These  projects  can  even  graduate  and  become  a  complete  entity   on  its  own  with  the  help  of  the  company  itself.4  Companies  continue  to  invest  in   start-­‐ups  of  such  kinds  and  more  especially  in  people  as  they  have  the  agility  and                                                                                                                   2  Helmrich.  (2015)   3  Mihaylo  College  of  Business  &  Economics.  (n.d.)   4  WIRED.  (2013)  
  • 7. BMG  320   7       creativity  that  corporations  simply  do  not  possess.  In  return,  the  company  supplies   the  resources  possible  for  this  creativity  to  flourish.5       This  state  of  mind  is  a  given  talent  to  some  individuals  but  it  can  also  be   thought.  In  the  case  at  end  in  this  report,  we  will  refer  to  the  definition  of   entrepreneurial  culture  above  replacing  the  term  “business”  by  “Bishops  University”   and  adding  the  terms  “students  and  teachers”  to  the  term  “employees”.  This  gives  us   a  better  perspective  of  what  is  at  hand.         One  of  our  primary  sources  of  information  in  doing  this  project  was  David   Monty,  who  is  the  Executive  Director  of  Dobson-­‐Lagassé  Entrepreneurship  Centre.   When  speaking  of  entrepreneurial  culture,  he  pointed  out  two  concepts  that  he   judged  of  the  upmost  importance:  Incubators  and  Accelerators.  The  Dobson-­‐Lagassé   center  is  based  off  these  concepts  that  we  will  study  in  the  next  section.         5.  INCUBATORS  &  ACCELERATORS     As  we  explore  the  state  of  Bishop’s  University’s  entrepreneurship  culture,  it   is  important  to  first  take  a  look  at  what  is  considered  the  norm  in  or  the  benchmark   of  such  a  culture.  To  do  so  we  first  take  a  look  at  the  concepts  of  incubators  and   accelerators.  They  are  two  very  similar  environments  in  which  entrepreneurial   culture  is  omnipresent.  We  often  refer  to  Silicon  Valley  as  being  a  bed  in   technological  advancement  due  to  this  mentality  of  innovation  and  the  presence  of   numerous  companies  involved  in  incubations  and/or  accelerations.  In  this  section   we  will  observe  what  makes  the  two  concepts  successful  and  how  does  it  relate  to   Bishop’s  entrepreneurial  culture.                                                                                                                       5  Weiblen,  &  Chesbrough.  (2015)  
  • 8. 8   Bishop’s  University  Entrepreneurship  Culture       5.1  Incubators   A  "Business  incubation  is  a  unique  and  highly  flexible  combination  of   business  development  processes,  infrastructure  and  people  designed  to  nurture   new  and  small  businesses  by  helping  them  to  survive  and  grow  through  the  difficult   and  vulnerable  early  stages  of  development.  ”6  In  other  words,  an  incubator  is  an   environment  where  start-­‐ups  or  ideas  are  created  and  given  the  necessary  help  in  a   multitude  of  disciplines  that  it  requires  to  bring  it  to  life.  This  help  is  centralized  (all-­‐ in-­‐one).  For  example,  if  the  start-­‐up  needs  legal  help  as  well  as  technological  advice,   the  incubator  will  provide  all  these  services.  It  also  gives  these  companies  the   necessary  office  space  to  work  on  the  project.  Mentorship  is  available  to  these   companies.  The  graph  below  shows  the  key  advantages  of  incubators  according  to   the  NBIA,  National  Business  Incubation  Association.   Table  1:  Advantages  of  incubation7     When  comparing  it  to  accelerators,  Paul  Bricault,  cofounder  of  Amplify,  defines   the  environment  in  the  following  manner:                                                                                                                   6  UK  Business  Incubation  Limited.  (2011)   7  Knopp.  (2007)  
  • 9. BMG  320   9       “An  incubator  brings  in  an  external  management  team  to  manage  an  idea  that  was   developed  internally.  “Those  ideas  can  gestate  for  much  longer  periods  of  time  and   the  incubator  takes  a  much  larger  amount  of  equity  [compared  to  accelerators].”   One  of  the  downside  of  incubation  is  that  owners  of  the  start-­‐up  or  idea  lose  equity   as  they  reach  out  for  help  in  numerous  spheres  of  their  projects  and  more  people   get  involved.  Also,  although  the  help  is  centralized  and  the  start-­‐up  process   accelerated,  they  now  become  dependent  of  the  help  they  first  seek,  as  they  don’t   gain  the  knowledge  necessary  to  be  self-­‐sufficient.  The  value  proposition  is   composed  of  3  categories:  Infrastructure,  Business  Support  and  Access  to   Networks.8       Incubators  are  growing  across  the  world  and  are  starting  to  become  the  trend   amongst  successful  businesses.  Companies,  government  and  others  constantly   invest  in  these  environments  to  build  innovative  cultures  around  the  globe.  In  2006,   there  were  over  1,100  incubators  in  North  America  of  many  different  types.  As  most   incubators  have  mixed  used  (54%),  some  of  them  specialize  in  other  disciplines   (Technology  represent  39%).9  87%  of  incubators  graduate  start-­‐ups  stay  in   business.  It  is  also  vital  for  the  survival  of  corporations  as  they  represent  a  source  of   innovation  and  revenue.  The  trend  is  to  invest  in  incubators  at  creation,  then  take   equity  from  the  start-­‐ups  as  they  become  self-­‐sufficient.10     We  are  lucky  to  have  two  of  the  first-­‐adopters  of  this  movement  right  here  in   Canada.  The  University  of  Alberta’s  TEC  Edmonton  and  Ryerson  University’s  Digital   Media  Zone  were  amongst  the  top  University-­‐ran  incubators  in  the  world  in  2014.                                                                                                                     8  Bruneel,  Ratinho,  Clarysse,  &  Groen.  (2011)   9  See  Table  types  of  incubation  in  Appendices   10  Mas-­‐Verdú,  Ribeiro-­‐Soriano,  &  Roig-­‐Tierno.  (2015)  
  • 10. 10   Bishop’s  University  Entrepreneurship  Culture       Table  1:  Global  Top  25  University  Business  Incubators11   As  one  of  our  closest  example  of  a  successful  incubator,  we  will  now  take  a  closer   look  at  the  Digital  Media  Zone,  commonly  called  DMZ.     5.2  Ryerson  University  Digital  Media  Zone     Ryerson’s  DMZ  is  a  one  of  a  kind  incubator   in  the  heart  of  Toronto.  At  the  DMZ,  students  help   companies  take  the  next  step  by  providing  them  with  the  help  they  need.  By  doing   so,  these  students  gain  real  life  experience  and  the  companies  are  able  to  leverage   knowledge  that  is  alien  to  them.  Their  main  focus  is  on  connecting  customers,   advisors,  influencers  and  other  entrepreneurs  to  innovate,  collaborate  and  learn  in   an  experiential  fashion.  The  DMZ  believes  that  in  order  to  develop  a  strong   innovative  culture  in  Canada,  we  have  to  start  at  the  “grassroots”,  its  students.  The   DMZ  also  created  a  hub  called  Zone  Learning  described  as  the  following:  “Zone   learning  transforms  your  educational  experience  at  Ryerson.  It  takes  you  beyond   the  classroom  and  lets  you  meet  and  work  with  students  from  across  the  university   who  are  creative,  ambitious,  and  driven  by  passion.  By  becoming  part  of  Ryerson’s   zone  learning  network,  you’ll  get  the  right  kind  of  support  to  create,  develop,  and   launch  your  idea.”                                                                                                                   11  UBI  Index.  (n.d.)  
  • 11. BMG  320   11         The  Digital  Media  zone  operates  following  the  5  pillars  as  seen  below.  These   steps  are  true  for  students  as  well  as  start-­‐ups.  In  the  case  of  students,  they  can   apply  for  the  DMZ  through  an  organization  called  Enactus,  which  will  be  approached   later  on.  As  for  businesses,  they  are  offered  a  4  months  trial  period  in  which  they  get   access  to  all  the  resources  for  free.  A  membership  fee  is  applicable  after  this  period.       Since  its  creation  in  April  2010,  the  DMZ  as  incubated  over  130  startups,  helped   raise  $  40  million  dollars  and  created  1,200  jobs.  This  represents  the  greatest   measure  of  success  for  the  incubator.  Companies  are  able  to  leverage  cheap  labor   and  knowledge,  and  in  return  students   are  given  the  right  tools  to  succeed   when  they  graduate,  credits  for  their   involvement  (through  Seed  programs)   and  even  job-­‐offers  at  graduation.   Everyone  wins.     The  number  of  start-­‐up  launched   from  the  DMZ  is  astonishing.  Some  of  the  most  notable  ones  are  FlyBits,  JamCam,   HouseIt,  Closing  Folders  Inc.  and  SoapBox.  
  • 12. 12   Bishop’s  University  Entrepreneurship  Culture         5.3  Accelerator   The  reason  why  we  explore  the  concept  of  incubators  and  accelerator  is   because  the  common  impression  amongst  Bishop’s  people  of  interests  is  that  the   Dobson-­‐  Lagassé  Center  is  an  incubator.  But  as  David  Monty  quickly  pointed  out  to   us,  they  are  fundamentally  different.  The  Dobson–  Lagassé  Center  is  not  an   incubator,  it  is  an  accelerator.  Paul  Bricault  of  Amplify  describes  it:     “An  accelerator  takes  single-­‐digit  chunks  of  equity  in  externally  developed   ideas  in  return  for  small  amounts  of  capital  and  mentorship.  They’re   generally  truncated  into  a  three  to  four  month  program  at  the  end  of   which  the  start-­‐ups  ‘graduate’.”12     This  is  an  interesting  concept  as  it  brings  the  notion  of  graduating.  Companies  enter   the  ecosystem  to  accelerate  their  growth.  They  will  have  mentors,  attend   workshops,  seek  specialize  help,  etc.,  for  a  short  amount  of  time  with  the  purpose  of   correcting  or  eliminating  their  weaknesses.  An  accelerator  will  teach  the  companies   the  tools  to  be  self-­‐sufficient  at  the  end  of  this  period  of  intense  learning.  Companies   do  not  necessarily  give  equity  in  exchange  for  these  services;  they  will  usually   simply  give  a  small  amount  of  money.  Just  like  incubators,  they  have  the  advantages   of  having  centralized  help,  low  cost  labor  (to  none),  specialized  help,  workspace,  and   resources.     In  order  to  analyze  Bishop’s  own  entrepreneurial  culture  we  will  first   examine  the  model  for  all  accelerators  of  North  America:  Babson  College.  David   Monty’s  model  for  Entrepreneurship  and  the  Dobson-­‐  Lagassé  Center  is  based  of   this  institution.                                                                                                                         12  DesMarais,  C.  (2012)  
  • 13. BMG  320   13       5.4  Babson  College   Babson  College  is  considered  the  benchmark  in   Entrepreneurship  in  North  America.  According  to   David  Monty,  every  year,  similar  programs  around   the  continent  go  to  this  Boston  area  school  every   year  to  study  its  structure  and  methods  in  the   form  of  seminars.  Based  on  a  survey  of  2,000  school  administrators  in  2014,  Babson   ranks  1st  in  undergraduate  entrepreneurship  program  and  second  in  graduate   entrepreneurship  programs.13  The  Princeton  review  also  ranks  it  1st  in   undergraduate  schools  for  entrepreneurship.14  Babson’s  entrepreneurship  MBA   ranks  number  1  according  to  the  U.S.  News  &  World  Report  (2016).  15     It  is  a  difficult  task  to  calculate  the  return  of  investment  of  such  programs.  In   order  to  do  so,  it  is  argued  that  the  best  way  is  to  calculate  graduation  rate,  average   student  salary  after  5  years  of  graduation  and  success  stories  that  flourished  from   Babson.  In  terms  of  categories  the  metrics  can  be  named  educational  quality,   affordability,  and  career  outcome.  According  to  Money  Magazine,  Babson  is  also  the   number  1  College  in  America.  This  is  very  impressive  considering  it  ranks  above   powerhouses  like  MIT  and  Harvard.  The  investment  itself  represents  the  money   invested  in  a  4-­‐year  program.  90%  of  its  students  graduate  within  6  years  of   enrollment  and  alumni  average  around  $59,700  annually  after  5  years  of   graduation.  Many  successful  businesses  and  entrepreneurs  have  also  taking-­‐off  in   this  accelerator.  The  following  are  3  examples  of  graduates  that  have  taking  their   experience  at  Babson  College  and  turned  it  into  great  success  stories.  Matthew  R.   Coffin  graduated  from  the  University  in  1990  and  in  2005  sold  his  business  called   LowerMyBills.com  for  $380  million  to  company  Experian.  He  was  also  named   Southern  California  Entrepreneur  of  the  Year  in  2006.  Mir  Ibrahim  Rahman   graduated  from  Babson  in  2000.  From  there  he  went  on  to  co-­‐found  Pakistan’s  most                                                                                                                   13  Entrepreneur.  (2014)   14  The  Princeton  Review.  (n.d.)   15  U.S.  News  &  World  Report.  (2015)  
  • 14. 14   Bishop’s  University  Entrepreneurship  Culture       popular  and  largest  media  outlet,  GEO  TV  when  he  was  only  25.  He  went  on  to  win   many  awards,  notably  the  Robert  F.  Kennedy  award  for  Excellence  in  Public  Service   at  the  Harvard  Kennedy  School.  Lastly,  Babson   Entrepreneurship  center,  Arthur  M.  Blank  center,  is  named   after  the  co  founder  of  The  Home  Depot  who  graduated  from   Babson  in  1963.         How  is  Babson  able  to  stimulate  creative  minds  to  go   above  and  beyond  in  changing  the  environment  around  them   through  innovation?  There  are  many  characteristics  that  make  Babson  such  a   dominant  figure  in  the  world  of  entrepreneurship.     First,  Babson’s  entrepreneurship  program  offers  its  378  enrolled  students  79  full-­‐ time  courses  with  a  focus  on  practical  learning.  With  the  help  of  9  mentors  provided   by  a  sponsored  school  program,  they  constantly  work  on  projects  hands-­‐on  to  help   them  real  their  full  potential.16  These  programs  are  crucial  to  their  development  as   they  gain  the  necessary  tools  to  become  entrepreneurs  themselves.  They  are   rewarded  with  credits,  awards  and  bursaries.  In  the  last  5  years,  181  companies   have  launched  from  the  College.     The  second  dominant  factor  is  the  John  E.  and  Alice  L.  Butler  Venture  Accelerator  at   Babson.  This  center  represents  the  fundamentals  of  an  accelerator.  “Through  our   diverse  programs,  students  and  alumni  explore  opportunities  and  move  their   business  concepts  forward,  taking  advantage  of  workspace,  peer-­‐mentoring   programs,  expert  advisers,  and  other  valuable  resources.”  This  ecosystem  enables                                                                                                                   16  Entrepreneur.  (2014)  
  • 15. BMG  320   15       companies  to  flourish  and  grow  at  an  accelerated  rate  following  the  3  stages  below.     It  offers  various  services  and  resources  like  legal  advice,  mentors,  workspace,   events,  etc.17  A  great  aspect  for  companies  is  that  students  aren’t  allowed  to  take  any   equity  an  external  business  coming  in  for  help  or  a  salary  before  graduation.  This  is   great  for  companies  looking  for  centralized  help  at  low  cost.  Both  parties  therefore   add  value  to  the  other  in  a  beneficial  matter.       In  term  of  financial  resources,  Babson  is  lucky  to  have  the  support  of  one  of   the  biggest  foundation  dedicated  to  Entrepreneurship  in  the  United  States,  the   Kauffman  Foundation.  The  foundation  based  out  of  Kansas  City  devotes  itself  to   “...foster  a  society  of  economically  independent  individuals  who  are  engaged  citizens   in  their  community.”  That  being  said  they  see  this  shift  happening  by  focusing  on  2   main  areas:  Education  and  Entrepreneurship.  The  Kauffman  foundation  is  also   involve  in  big  projects,  such  as  Khan  Academy,  an  online  website  dedicated  to   academic  help  through  informational  videos.  Babson  is  able  to  leverage  their   support.18   20                                                                                                                   17  Babson  College.  (n.d.)   18  Kauffman  Foundation.  (n.d.)    
  • 16. 16   Bishop’s  University  Entrepreneurship  Culture       Finally,  Babson  offers  numerous  special  programs  &  events  dedicated  to  raising   entrepreneurial  awareness  and  culture  throughout  its  environment.  Here  are  some   of  the  most  important  ones:   • Babson  College  Entrepreneurship  Research  Conference:  This  conference  is   considered  one  of  the  best  in  the  world  in  the  field  of  entrepreneurship.  Each   year  over  350  scholars  join  the  conference.   • B.E.T.A.  Challenge  (Babson  Entrepreneurial  Thoughts  and  Actions):  This   challenge  award  $20,000  and  “service  in  kind”  to  a  group  of  individuals  to   reward  them  for  taking  an  idea  and  putting  it  into  action.  Cash  prizes  are   awarded  by  corporate  sponsors.  Two  prizes  of  $2,500  are  also  given  to  the   finalists.   • Rocket  Pitch:  Babson  College,  Olin’s  Engineering  and  Wellesley  College   student  are  welcomed  to  an  evening  where  they  are  invited  to  pitch  their   projects  to  investors,  alumni  and  school  representative.  These  officials  are   located  in  several  rooms  and  do  not  give  feedback  until  the  end  of  the   evening  when  a  networking  session  occurs  and  students  gets  to  meet  these   people  and  chat  business  opportunities  with  them.   • Summer  Venture  Program:  This  program  lasts  10  week  and  start-­‐up  and   companies  take  place  in  workshops  and  are  provided  the  mentoring   necessary  to  help  accelerate  their  business.   • Alumni  Entrepreneur  Hall-­‐of-­‐Fame:  Just  like  the  3  success  stories  presented   at  the  beginning  of  this  section,  Babson  graduates  that  have  contributed  to   their  environment  with  great  innovation  are  recognized  in  its  hall-­‐of-­‐fame.     5.5  Common  Success  Factors   Both  systems  are  able  to  take  small  ideas  and  create  a  number  of  real   successful  projects.  Although  they  are  fundamentally  somewhat  different,  they  are   truly  one  of  kind  for  that  exact  reason.  We  now  observe  some  of  the  common  key   factors  that  contributed  to  both’  success.    
  • 17. BMG  320   17       First,  these  environments  possessed  their  full  organization  &  community   faith  &  support.  This  category  is  very  important  when  trying  to  put  forward  a   culture  revolving  around  entrepreneurship.  As  an  organization,  both  of  those   universities  understood  the  importance  of  putting  forward  creative  thinking  and   innovation.  They’ve  giving  these  programs  their  full  support  to  implement   centralization  of  knowledge  and  resources  to  help  departments  build  together,   financial  aid  (if  necessary),  etc.  These  programs  now  represent  their  pride  and  joy   and  are  at  the  center  of  not  only  the  school  itself,  but  also  the  community  in  which   they  live  in.  The  biggest  aspect  to  retain  from  this  point  is  that  they  were  able  to   align  the  values  of  all  spheres  of  the  organizations  towards  innovation,  as  a  common   goal.     They  both  employ  practical  learning  methods  for  students.  In  this  regard,   programs  curriculum  are  based  off  real  life  experiences  where  students  work  with   mentors  and  companies  to  improve  their  knowledge  of  disciplines.  They  also  are   encouraged  to  start  projects  of  their  own,  for  which  they  are  rewarded  with  credits   and/or  bursaries.  These  rewards  ultimately  aim  to  take  these  projects  one-­‐step   further  and  put  them  into  action.  For  students  of  these  schools,  creating  is  part  of   their  degree  and  innovation  is  the  norm.  Students  that  have  been  rewarded  for   entrepreneurial  thinking  are  also  publicly  acclaimed  throughout  the  universities.   Events  and  contest  are  constantly  occurring,  engaging  the  students  in  an  interactive   manner.     Both  of  these  schools  possess  a  tremendous  access  to  resources,  which   broaden  the  scale  of  possibilities  and  quality  of  engagements.  It  is  one  thing  to  be   sponsored  by  the  largest  foundation  pro  entrepreneurship  in  the  US  or  being  able  to   afford  to  move  the  facilities  in  one  of  the  better  looking  buildings  downtown   Toronto,  but  this  also  involves  the  amount  of  mentors  available,  access  to   technology  and  specialist  from  all  disciplines.  Yes,  Babson  and  Ryerson  are   fortunate  to  have  such  generous  donors,  but  they  also  put  these  resources  into  good   use.  They  are  now  on  the  path  to  self-­‐sufficiency  and  independence  from  the  school  
  • 18. 18   Bishop’s  University  Entrepreneurship  Culture       itself.  The  number  of  alumni  mentors  and  entrepreneurs  helping  those  students  and   start-­‐ups  through  the  process  is  also  very  high.  So  these  young  minds  constantly   have  specialists  to  help  them  gain  perspective  on  the  topic  at  hand.       6.  ENTREPRENEURSHIP  AT  BISHOP’S   6.1  Introduction   To  determine  the  state  of  entrepreneurship  at  Bishops  University,  a  number   of  informal  interviews  were  conducted  with  people  of  interest  across  campus.  These   included,  students,  professors,  staff  and  alumni  who  were  perceived  to  be   knowledgeable  in  the  area.  These  interviews  contained  a  number  of  open-­‐ended   questions  that  encouraged  unbounded  conversations.  Through  these  discussions,   there  was  a  great  amount  of  valuable  input  received  that  helped  assess  said  state  at   Bishops.  These  interviews  placed  limitations  on  the  evaluation  as  it  lacked   objectivity.  Talking  to  a  number  of  different  people  with  different  opinions  and   perceptions  led  to  a  great  deal  of  subjectivity  on  this  topic.  While  some  believed   there  is  a  great  deal  of  positivity  and  a  strong  entrepreneurial  culture  that  exists  on   campus  and  in  the  surrounding  community,  there  was  opposition  and  nevertheless   a  lot  of  criticism.  This  criticism  not  only  touched  on  the  culture  but  also  focused  on   the  bigger  picture  with  issues  involving  Bishop’s  University  as  a  whole.    
  • 19. BMG  320   19       6.2  Overall  Culture   While  the  overall  culture  of  entrepreneurship  at  Bishop’s  is  subjective,  varying  from   one  to  another,  there  are  many  existing  elements  that  are  clear  and  objective.  Many   of  these  aspects  play  a  major  role  in  the  culture  but  are  however  intangible.  With   less  than  3,000  students  enrolled  at  the  university,  the  small  size  has  several  big   advantages.  Because  the  majority  of  students  are  not  locals  and  come  from  a   distance,  it  is  very  common  for  them  to  live  within  Lennoxville  and  hence  very  close   to  campus.  The  creation  of  this  bubble  not  only  increases  the  likelihood  of  students   getting  involved  in  extra  curricular  activities,  but  makes  it  very  accessible  for  them.   The  scale  of  Bishops  University  has  led  to  the  development  of  a  very  tight  knit   community,  which  helps  fosters  a  strong  entrepreneurial  spirit.  This  spirit  is   generated  with  the  willingness  of  students  to  be  apart  and  make  a  difference  within   the  community.  Bishops  encourages  and  enables  its  students  to  get  involved  with   the  many  clubs  and  or  other  activities  on  campus.  The  spirit  that  exists  encourages   participation  and  involvement  amongst  students.  A  part  of  the  culture  that  is   accompanied  with  these  factors  is  a  heavy  social  presence  at  the  school.  Bishop’s  is   known  to  have  a  student  population  that  enjoys  celebrating  together  and  organizing   communal  events.  Some  of  these  events  have  generated  revenue  that  is  then   donated  to  charity  while  creating  memories  that  will  last  forever.    Within  the   existence  of  this  spirit,  some  elements  attempt  to  breed  creative  and  critical   thinking.    This  mindset  is  crucial  for  entrepreneurial  culture  and  needs  to  be   emphasized  more  at  Bishop’s.    Many  of  the  professors  interviewed  complained  that   the  lack  of  competition  amongst  students  in  the  business  department  restricts  the   generation  of  this  mentality.  They  want  to  see  professors  and  students  alike  push   each  other  to  create  a  strong  attitude  that  will  help  lead  to  success.    With  a  lack  of   funding  and  restrictive  financial  budget  at  the  university,  the  major  investment   made  on  students  is  not  tangible.  The  investment  is  to  breed  entrepreneurial   mindsets  that  will  help  create  a  strong  network  in  the  environment.  Because  of  the   tight  community  and  level  of  engagement  that  exists,  alumni  will  be  much  more   willing  to  give  back.  Developing  strong  alumni  and  keeping  them  connected  is  
  • 20. 20   Bishop’s  University  Entrepreneurship  Culture       important  in  adding  value  to  the  culture.  While  there  are  some  initiatives  within   departments  across  campus,  there  is  not  an  entrepreneurial  backbone  that  is   present  across  the  university.  One  of  the  issues  with  the  culture  is  the  lack  of   consistency.  According  to  used  definition  20  of  entrepreneurship  culture  requires  it   “to  be  embraced  by  most  and  have  shared  values  by  people  at  different  levels  of  the   institutions  hierarchy”.         6.3  Influencers   With  a  lack  of  uniform  entrepreneurial  practices,  the  Dobson-­‐Lagasse  Center   working  alongside  the  Williams  School  of  Business  are  the  main  influencers  for  the   culture.                                                       6.3.1  Dobson-­‐Lagassé  Center                     Before  the  inauguration  of  the  Williams  School  of  Business  in  1997,  Bishops   University  did  not  offer  any  entrepreneurship  courses  to  its  students.  John  Oldland  a   marketing  professor  at  the  university  with  an  entrepreneurial  background  had  a   vision  to  incorporate  these  classes  into  the  curriculum.  Alongside  his  wife  Alice,   Oldland  founded  Hatley  in  1986,  a  brand  that  produced  clothing  and  an  assortment   of  gifts  geared  towards  cottagers.  Today,  the  label  has  grown  to  become   tremendously  successful,  reaching  to  over  20  countries  worldwide  and  wholesaling   to  more  than  3,000  stores.  In  addition,  it  owns  and  operates  21  stores  across   Canada,  the  United  States  of  America  and  New  Zealand.  With  the  creation  of  his  own   company,  Oldland  saw  the  importance  of  recognizing  opportunities  and  taking   action  in  the  market.  He  wanted  to  encourage  this  amongst  his  students  and  foster   an  entrepreneurial  spirit  across  the  university.  At  the  time  there  were  financial   limitations  that  existed  that  restricted  him  from  achieving  his  goal.  This  obstacle   was  overcome  soon  thereafter  with  the  help  of  John  Dobson,  a  premier  supporter  of                                                                                                                   20  Journal  of  Entrepreneurial  Education  
  • 21. BMG  320   21       entrepreneurship  in  Canada  and  Louie  Lagassé,  one  of  the  most  influential  business   in  the  country.  Together  in  1998,  they  co-­‐founded  the  Dobson-­‐Lagassé  Center  that     brought  funding  to  the  table  enabling  entrepreneurship  courses  to  be  taught  in  the   business  school.  Furthermore,  the  center  had  a  mission  to  develop  the  community   by  integrating  both  English  and  French  culture.  The  Dobson-­‐Lagassé  Center  follows   Babson  College’s  business  model  in  teaching  entrepreneurship  by  connecting   students  with  local  entrepreneurs  and  mentors  through  experiential  learning.   Facilitating  this  link  between  these  three  creates  a  network  and  adds  value  to  the   environment.  While  this  academic  segment  is  directly  linked  to  the  university  in   progressing  young  minds,  the  center  offers  consulting  to  local  entrepreneurs   independently.  The  services  that  they  offer  to  small  business  in  the  region  are;   market  research,  accounting  support,  mentorship,  counseling,  and  training  and   speed  coaching.  In  2006,  the  center  was  facing  financial  difficulties,  as  they  lost   primary  sources  of  funding  and  had  to  reduce  their  cash  flow  in  half.    Dobson-­‐ Lagassé  brought  in  Dave  Monty,  the  current  executive  director,  to  help  alleviate  the   problem.  With  expertise  in  strategic  positioning,  Monty  developed  a  new  inventory   plan  for  the  center.  It  is  a  significant  part  of  Bishop’s  University  as  it  has  helped  over   2,000  students  and  800  local  businesses.  The  director  wants  to  continue  to  see  it   grow  and  support  entrepreneurs  in  the  environment  however  would  like  to  see  it   disassociated  itself  from  the  school  and  operate  as  an  independent  entity.       6.3.2  Williams  School  of  Business   The  Williams  School  of  Business  is  designed  to  provide  an  interactive,  hands-­‐on   learning  experience  that  attempts  to  prepare  students  to  take  on  the  world.  The  small   classroom  size  enables  students  to  be  engaged  with  peers  and  professors  and  helps   them  develop  a  strong  network  both  inside  and  out  of  the  classroom.    Unlike  big   universities,  professors  are  easily  approachable  and  accessible  and  care  about  the   education  they  are  providing.  At  Babson  College,  the  average  class  size  is  29  students   provides  one  of  the  best  return  on  investments  in  the  United  States.  With  more  than  80   %  of  business  professors  as  full  time  and  tenured,  they  view  students  as  more  than  just  a  
  • 22. 22   Bishop’s  University  Entrepreneurship  Culture       number  and  have  a  big  impact  on  developing  these  young  minds.    The  Williams  School  of   Business  places  a  heavy  emphasis  on  teamwork  for  student  projects.  While   entrepreneurs  often  embark  on  ventures  independently,  the  ability  to  work  in  a  team  is   tremendously  important.  In  order  to  succeed  in  future  endeavors,  it  is  vital  for  them  to   have  this  skill.    As  Ewing  Marion  Kauffman,  founder  of  one  of  the  largest  private   foundations  in  the  United  States  said:   “All  of  the  money  in  the  world  cannot  solve  problems  unless  we  work  together.  And   if  we  work  together,  there  is  no  problem  in  the  world  that  can  stop  us,  as  we  seek  to   develop  people  to  their  highest  potential.”  21     6.3.4  SEED   One  of  the  highlights  of  the  business  school  is  the  SEED  portfolio  geared  towards   the  finance  department.     In  1985,  chartered  financial  analyst  Stephen  Barlow  came  to  Bishop’s  to  help  out   the  finance  program.  With  an  extensive  background  in  the  field,  he  recognized  a  much   higher  need  for  financial  services  over  corporate  finance.  With  a  greater  number  of  jobs   in  this  industry,  he  began  transitioning  the  department  to  increase  the  focus  on  capital   markets  and  securities.  This  shift  was  tremendously  beneficial  to  the  department  as  its   growth  over  the  next  decade  made  it  become  the  university’s  most  prominent  business   program.  While  Barlow  had  made  great  efforts  and  strides  with  the  finance  department,   he  longed  to  continually  improve  upon  its  strong  foundation.  With  the  help  of  a     $3,000,000  donation  by  David  A.  Williams,  a  successful  investment  manager  and   Bishop’s  graduate  (1963),  the  SEED  portfolio  was  created.  SEED  (Success  through   Education,  Entrepreneurship  and  Determination)  is  “an  exclusive  opportunity  for   students  to  experience  the  risks  and  rewards  of  portfolio  management”  (website).  This   practical  learning  experience  allows  students  to  gain  valuable  knowledge  and  essential   tools  that  can  be  applied  in  the  market.  This  program  is  important  in  breeding  creative   and  critical  thinking  that  are  crucial  for  entrepreneurial  minds.  In  addition  it  is  one  of                                                                                                                   21  Kauffman  Foundation  
  • 23. BMG  320   23       the  major  aspects  that  give  the  Williams  School  of  Business  a  competitive  advantage   over  many  Canadian  business  schools.         The  Williams  School  of  Business  promotes  entrepreneurship  with  the  help  of  the   Dobson-­‐Lagassé  Centre  by  connecting  students  with  local  companies  and  giving  them   the  opportunity  to  gain  real  world  experience.    This  allows  them  to  learn  the  ins  and   outs  of  the  business  and  create  entrepreneurial  solutions  to  operational  problems.     Reviews  that  cover  entrepreneurial  education  highlight  the  fact  that  it  is  fundamental  to   incorporate  this  aspect  into  its  teaching.    Researcher  Dr.  Martin  J  Bliemel  at  University  of   New  South  Wales  in  Australia  heavily  stresses  the  importance  of  gaining  real  business   world  involvement  in  his  article,  Getting  Entrepreneurship  Education  Out  of  the   Classroom  and  into  Students’  Heads  published  in  the  Entrepreneurship  Research  Journal   22.    The  conclusion  made  by  Vivek  Wadhwa,  an  academic  who  specializes  in   technological  entrepreneurship  was  that  through  “education,  exposure  and  networks   […established…]  lead  these  people  to  pursue  the  entrepreneurial  path”  23.     It  is  this  mindset  that  inspires  students  to  start  new  ventures  that  the  entrepreneurial   culture  of  Bishop’s  University  strives  to  achieve.    While  the  Dobson-­‐Lagassé  Center  is   very  beneficial  and  helps  many  reach  this  goal,  the  environment  it  operates  in,  restricts   the  level  of  growth.  Once  again,  the  major  problem  at  hand  stems  from  financial   limitations.  There  is  need  for  a  dominant  foundation  that  exists  to  help  finance   entrepreneurship  in  the  country.  South  of  the  border  in  the  United  States,  the  Kauffman   foundation  is  a  private  non-­‐profit  organization  that  financially  supports  individuals   aiming  to  help  improve  communities.  Based  out  of  Kansas  City,  Missouri,  the  foundation   focuses  on  supporting  entrepreneurial  education  and  creates  programs  that  will  give   students  valuable  experiences  while  allowing  them  to  gain  skills  that  will  be  of  great  use   in  the  future.  With  an  endowment  of  $2  billion  dollars,  they  are  able  to  spend  millions   dollars  on  grants  yearly  aimed  to  help  create  “a  society  of  economically  independent   individuals  who  are  engaged  citizens,  contributing  to  the  improvement  of  their       22  Entrepreneurship  Research  Journal                                                                        23  Tech  Crunch
  • 24. 24   Bishop’s  University  Entrepreneurship  Culture         communities.”  19  The  Kauffman  foundation  has  conducted  great  amount  of  research   in  the  area  of  entrepreneurship  education.  Vice  President  of  research,  Bob  Litan   determined  the  field  is  a  teachable  subject,  however  requires  “practical,  relevant   knowledge”  24.  Fast  Trac,  is  one  of  Kauffman’s  program  that  supports  the  growth  of  start   up  business.  This  program  started  in  1993  and  has  helped  train  more  than  300,000   entrepreneurs  in  the  last  two  decades.       6.3.4  BUCS     Within  the  Williams  School  of  Business  is  BUCS  (Bishops  University  Commerce   Society),  a  student  run  organization  that  aims  to  support  business  students.  BUCS  does   not  focus  on  one  specific  business  department  but  has  the  goal  to  integrate  all   concentrations  outside  the  classroom.  This  past  year,  2015,  they  were  awarded  the   Canadian  Association  of  Business  Students  rising  star  award.  While  they  do  not  directly   promote  entrepreneurship,  they  encourage  taking  action  within  the  market  and  creating   strong  networks.  One  of  their  new  strategies  allows  business  students  to  submit   contribution  forms  for  a  program  or  an  application  that  will  be  beneficial.  The  most   recent  contribution  form  that  resulted  in  action  was  the  investment  club.  Proactive   students  are  able  to  realize  their  visions  and  establish  groups  with  the  help  of  BUCS   funding.  This  will  in  turn,  create  new  developments  and  progressive  elements  that  will   help  the  Williams  School  of  Business.  Some  of  the  notable  events  that  BUCS  organizes   are  the  wine  &  cheeses,  career  cocktails,  banker’s  day  and  case  competitions.  These  give   students  important  networking  opportunities  and  allow  them  to  gain  essential   experiences  that  will  help  widen  their  scope  of  contacts.  The  case  competition  that  was   another  new  addition  by  BUCS  this  winter  fosters  strong  competition  amongst  different   groups,  while  giving  students  great  exposure  and  a  solid  monetary  reward.  This  helps   encourage  students  to  think  critically  in  order  to  advance  themselves  and  their  careers.   BUCS  is  an  important  support  system  that  entrepreneurs  can  fall  back  and  use  at   Bishop’s.                                                                                                                   24  Fast  Trac          
  • 25. BMG  320   25                                                                                 6.3.5  ENACTUS     Enactus  is  a  global  non-­‐profit  organization  that  has  the  purpose  of  fostering   entrepreneurial  action.  They  are  an  international  community  of  students,  educators  and   business  leaders  that  exists  in  over  1,700  universities  in  36  countries  across  the  world.   Founded  in  1975  in  Springfield,  Missouri,  it  was  originally  called  Students  in  Free   Enterprise.  Its  three  pillars  are  the  ability  to  perceive  opportunity  in  the  market  and   subsequently  create  value,  making  an  impact  that  is  sustainable  and  the  collaboration   between  students,  academics  and  business  leaders  to  make  the  world  a  better  place.   While  SAFE  was  a  prominent  organization  that  had  partnerships  and  associations  across   the  globe,  they  underwent  a  rebranding  in  2012.  In  order  to  show  their  dedication  to   entrepreneurial  action,  they  were  renamed  Enactus,  stemming  from  the  three  words,   entrepreneurship,  action  and  us.  With  a  consistent  brand  name  Enactus  was  committed   to  improving  many  communities  across  the  world.  They  are  able  to  get  this  done   through  their  six  main  values,  imagination,  courage,  partnership,  determination,   accountability  and  curiosity.  Formerly  known  as  ACE,  Advancing  Canadian   Entrepreneurship,  founded  in  2002,  was  Canada’s  own  version  of  Enactus  before  its   global  rebranding  in  2012.  Present  in  over  66  campus  across  the  country,  it  has  helped   employ  1,600  people  and  impacted  643,026  people.    
  • 26. 26   Bishop’s  University  Entrepreneurship  Culture             Bishops  University  is  one  of  the  thousand  universities  worldwide  that  has  its  own   Enactus  program.  Similarly  to  the  limitations  with  Dobson  Lagassé  and  the  Williams   School  of  Business,  this  program  has  scarce  resources  available,  which  is  very   restrictive.  While  comparing  it  to  the  Enactus  programs  at  bigger  schools  like  Concordia   or  Ryerson,  the  budget  and  number  of  people  involved  is  a  fraction  of  what  they  are   working  with.  While  it  is  hard  to  have  the  same  resources  at  a  school  of  such  a  small   scale,  it  limits  the  level  of  competition  at  inter  collegiate  Enactus  events.    In  addition,   Enactus  requires  its  programs  to  simultaneously  work  on  entrepreneurial,  community   and  social  segments.  At  a  small  school  like  Bishop’s  University,  it  may  be  more  beneficial   to  put  all  eggs  in  one  basket  and  excel  in  one  segment.  The  two  projects  Enactus  Bishop’s   is  currently  working  on  are  uConversations  and  Praxis  Malawi.  uConversations  aims  to   develop  an  app  that  will  integrate  all  events  occurring  on  campus  and  in  the  community.   In  addition  it  looks  to  be  a  platform  that  connects  current  entrepreneurship  students   with  alumni  that  are  able  to  mentor  them.  Its  purpose  it  to  have  a  platform  that  is  a  hub   of  communication  that  also  serves  as  a  strong  networking  tool.  With  the  release  of  the   Bishop’s  student  representative  council  app  this  winter,  there  is  competition  that  rivals   its  launch.  Praxis  Malawi  has  the  goal  of  entering  one  of  the  poorest  countries  in  the   world  to  make  a  significant  impact.  This  project  attempts  to  develop  a  business  model   that  will  enable  the  African  communities  to  build  stone  oven  for  themselves  and  in  turn   use  it  to  sell  to  neighboring  villages.  This  will  help  them  become  sustainable  and  make  a   tremendous  impact  in  the  life  of  all  residents.    
  • 27. BMG  320   27             6.4  Student  Projects  &  Initiatives     As  mentioned  earlier,  Bishop’s  University  is  a  school  that  is  very  accessible  to  its   students.  Seeing  how  the  majority  of  these  students  live  nearby,  they  are  more  willing  to   be  proactive  within  the  university  community.  Because  it  is  very  easy  for  them  to  get   involved,  there  are  a  number  of  student  projects  and  initiatives  that  exist  and  more  and   more  that  are  started.  The  ones  that  follow  were  identified  to  be  amongst  the  most   prominent  at  the  university.       Build  A  Better  Purple  is  a  fundraising  campaign  that  targets  senior  students  that  are   graduating  as  there  primary  donors.  While  this  campaign  has  always  existed  at  Bishop’s   it  successfully  rebranded  in  the  past  couple  years.  Its  motto,  “give  a  little  purple  back”   encourages  student  to  give  a  donation  of  $10  dollars,  which  coincides  with  the  fact  that   the  bill  is  purple.    In  addition,  they  organize  many  events  in  grad  week  one  of  the  last   weeks  before  exams.  This  included  trivia  night  and  happy  hour  at  The  Gait  and  a  very   popular  event  amongst  students,  the  rubber  mallard  golf  tournament.  The  money  raised   is  used  to  fund  a  student  project  that  will  be  voted  upon  by  the  following  year’s  
  • 28. 28   Bishop’s  University  Entrepreneurship  Culture       graduate.  The  projects  that  are  proposed  must  first  and  foremost  be  conceivable,   generate  impact  and  lastly  have  a  sense  of  creativity.  This  program  is  very   entrepreneurial  as  it  gives  Bishop’s  students  the  opportunity  to  improve  the  community   and  leave  a  lasting  legacy.  The  project  that  was  voted  upon  by  the  graduating  class  was  a   student  run  radio  station.       This  dream  became  a  realization,  and  in  February  2015,  Bishop’s  Toast  Radio  was   born.  The  capital  raised  through  Build  A  Better  Purple  as  well  as  a  kick  starter  campaign   and  additional  funding  from  the  university’s  student  representative  council  enabled  a   successful  launch.  The  money  was  used  to  purchase  equipment  that  enables  the  radio  to   broadcast  online.    The  idea  of  a  student  run  radio  station  was  positively  received  across   the  school,  as  many  were  eager  to  get  involved.  A  total  of  56  applications  were  received   which  resulted  in  a  6  day  broadcasting  schedule  with  51  different  shows  covering  a  wide   scope.  Toast  Radio’s  launch  party  was  a  success,  which  helped  generate  a  buzz  for  the   station.  Within  the  first  three  weeks  of  broadcasts,  the  Facebook  page  gained  15,000   visits  and  the  program  has  been  streamed  nearly  4,000  times.  In  addition,  it  has  gained  a   worldwide  reached,  listened  to  throughout  16  different  countries.  This  radio  station   gives  students  the  opportunity  to  get  involved  with  the  school  and  have  a  unique   experience  of  been  a  DJ  or  talk  show  host.  Toast  Radio  has  a  great  amount  of  potential   that  can  be  used  to  enhance  the  culture  at  the  school  and  help  the  community.  While  this   is  the  beginning  there  are  many  strides  that  need  to  be  take  to  obtain  a  strong  and   sustainable  future  for  Toast.                      BMK  355,  a  marketing  class  the  curriculum  offers  uses  the  Dobson  Lagassé  center  to   link  students  with  local  business  to  develop  a  marketing  plan.  One  student  group  that   was  linked  with  the  sports  center  developed  a  promotional  plan  that  used  a  team  of   students.  This  plan  was  then  used  and  put  into  action  to  promote  the  athletic  program   and  subsequently  Gaiters  home  games.  This  promotional  team  focused  on  using   targeting  students  alike,  which  ultimately  are  the  schools  greatest  assets.  They  use  social   media  platforms  to  relay  sports  information  to  followers  and  engage  students   collaboration.  This  team  called  the  Gaiter  Squad,  makes  home  games  a  special  
  • 29. BMG  320   29       experience  by  increasing  the  atmosphere,  including  special  contests  and  crowd   involvement  that  results  in  greater  attendance.  This  team  puts  in  a  great  amount  of  hard   work  and  effort  and  receives  minimal  reward  or  recognition.  It  is  essential  to  build  upon   this  initial  team  that  was  introduced  this  year  by  developing  a  structure  and  continually   improving  on  what  can  be  done.  This  year,  Bishop’s  University  hosted  the  RSEQ  Final   Four  basketball  championship  at  the  new  sports  center.  This  is  an  experience  that  gives   students  a  good  opportunity  to  market  to  a  large  audience  and  help  give  the  school  and   athletics  more  exposure.  Looking  forward  to  next  year,  Bishop’s  will  be  hosting  the   Baggataway  Cup,  the  Canadian  University  Field  Lacrosse  Associations  national   championship.  Bishop’s  can  offer  credits  or  incentives  to  the  team  so  that  they  continue   to  seize  opportunities  on  campus  while  raising  awareness  and  stimulating  the  Gaiters   with  a  loud  and  energized  crowd  rooting  for  the  home  team.  This  student  initiative   turned  into  a  project  that  can  help  students  gain  skills  that  can  be  used  in  order  to   properly  market  and  gain  success  in  future  endeavors.       Another  project  that  was  conceived  within  a  class  was  the  Dragon’s  Den  pitch  that   came  from  BMG  320.  Through  the  Topics  of  Entrepreneurship  action  plan  project,   students  organized  a  competition  style  event  where  student  entrepreneurs  pitch  their   business  idea  to  a  panel  of  judges.  This  can  be  linked  to  beginner  entrepreneur  class   BMG  214,  where  students  must  create  their  own  start  up  in  theory  and  develop  a   feasible  business  plan.  This  event  stimulates  entrepreneurial  spirit  as  it  highlights  the   best  action  plans  on  seizing  opportunity  in  the  surrounding  market.  It  generates  a  spirit   of  competition  that  is  lacking  throughout  the  Williams  School  of  Business  as  the  winner   receives  a  monetary  reward.  In  addition,  this  event  is  great  to  showcase  talent  that   exists  within  the  university,  allows  ideas  to  be  shared  with  the  community  and  provides   great  networking.  
  • 30. 30   Bishop’s  University  Entrepreneurship  Culture           Another  major  initiative  that  has  developed  into  one  of  Bishop’s  biggest  social  and   charity  events  is  the  fashion  show.    Five  years  ago  it  was  brought  on  campus  as  an  event   that  would  bring  the  community  together  at  Centennial  Theater.  Now  it  has  become  a   staple  during  the  winter  at  Bishop’s.    The  fashion  show  is  put  together  to  allow  students   to  gain  another  opportunity  to  get  involved  at  the  school  and  be  apart  of  something   unique.  A  major  part  of  Bishop’s  is  the  diversity  of  students  coming  from  different   regions  and  backgrounds  meshing  together  in  the  Lennoxville  bubble.  With  heavy   engagement  from  everyone,  a  strong  buzz  is  created  that  helps  generate  a  successful   event  in  the  community.    This  past  year,  the  committee  went  above  and  beyond  to   incorporate  many  fund  raising  events  over  the  course  of  the  year.  They  utilized  on   campus  with  The  Gait,  off  campus  through  The  Golden  Lion  and  Provigo  amongst  others   to  fundraise  and  raise  awareness  for  the  show.  In  addition,  they  wanted  to  show  their   charity,  the  Lennoxville  Youth  Center,  a  local  non-­‐profit  organization  its  significance.  For   the  first  time  they  had  two  shows,  having  one  specifically  for  members  of  the  charity  and   community.  They  reached  great  success,  raising  $18,000  which  was  the  highest  grossing   amount  raised  by  the  student  body.         6.  INVOLVEMENT  OF  OTHER  DEPARTMENTS       Bishop’s  Entrepreneurial  Culture  doesn’t  necessarily  imply  actions  taken  by   the  department  only.  Many  other  departments  are  involved  in  the  act  of  innovating   and  creating.  The  following  is  a  list  of  current  enterprises  taking  place  on  campus  at   the  moment.     Chemistry   Professor  Dale  Wood  has  his  own  brewing  company:  Arches  Brewery.  He  also  gives   a  class  focused  on  sharing  his  knowledge  of  brewing  with  students.    
  • 31. BMG  320   31       Computer  Science   Que  Innovation  has  to  be  one  of  the  most  notable  projects  on  campus.  Dr.  Tammy   Salter  and  her  husband  founded  the  company  in  2010  focusing  on  technology  and   solving  a  need.  Their  mission  statement  goes  as  follows:  “Que  Innovations  is   committed  to  providing  well  crafted,  genius  yet  simple  and  functioning  technology   devices.  Que  Innovations  believes  in  developing  superior  products  that  are  way   above  anything  else  available  and  that  truly  serve  a  purpose.”  In  doing  so  she   employs  Bishop’s  top  computer  science  students  and  gives  them  a  unique   perspective  of  actual  work  in  field.  One  of  their  main  products  is  the  Que  Ball   dedicated  to  help  autistic  children  learn  how  to  interact  and  emotions  through  play.   The  company  was  also  name  as  a  2012  Computerworld  Honors  Laureate.  Award   given  to  people  and  organization  create  information  technology  that  aims  to   promote  positive  social,  economic  and  educational  change.25     Bishop’s  University   Bishop’s  Business  Bootcamp  offers  workshops  to  students  to  teach  them  how  to   prepare  for  the  real  world.  Whether  it  is  networking  strategies  or  simply  how  to   make  a  good  resume,  they  are  thought  how  to  improve  their  image  and  presence.       The  Top  10  After  10  (Hall-­‐of-­‐Fame)  is  ceremony  where  we  reward  our  best  alumni’s   accomplishment  after  10  years  of  graduation.     Arts  –  English  –  Humanities   Quebec  Universities  English  Undergraduate  Conference   (Q.U.E.U.C.)  is  an  annual  conference  hosted  by  the   University.  During  the  3  day  period,  visitors  from  around   the  world  are  welcomed  to  take  place  in  thematic  events,   such  as  Shakespeare  Mock  Trial,  a  Edgar  Allen  Poe-­‐themed  social  event,  and  the   annual  Literary-­‐themed  Cranium  Night.                                                                                                                   25    QueInnovations.  (2014)  
  • 32. 32   Bishop’s  University  Entrepreneurship  Culture         Bishop’s  University  Film  Festival  (B.U.F.F.)  is  the  annual  competition  where  students   create  short-­‐films  for  a  chance  to  compete  in  Le  Festival  Cinéma  du  Monde  de   Sherbrooke  and/or  Le  Festival  du  Nouveau  Cinéma  in  Montreal.  Awards  are  also   given  for  numerous  categories  during  the  night  of  the  screening.     TEDxBishopsU  is  a  conference  platform   where  speakers  come  following  the   theme  of  “Illuminating  Education”  when   talking  about  their  own  discipline.  The  goal  is  to  provoke  young  minds,  test  their   perceptions  and  open  their  mind.  TEDxBishopsU  is  an  independent  entity  and  is  not   related  to  the  famous  TedxTalks.           8.  SUPPORT  SYSTEMS         In  addition  to  the  Dobson  Lagassé  Center  and  the  Bishop’s  University   Commerce  Society,  there  are  several  support  systems  that  are  in  place  and  meant  to   encourage  creative  and  critical  thinking  and  promote  entrepreneurship  on  campus.   The  two  major  elements  of  support  were  financial  and  psychological  through   programs  offered.       In  order  to  adhere  to  the  financial  need  of  many  students  accepted  to  Bishops   there  are  a  number  of  different  monetary  support  systems  that  exist.  With  the  help   of  a  number  of  very  gracious  benefactors  who  have  given  generous  donations,  the   school  offers  scholarships,  bursaries  and  funds  to  assist  students  in  their   undergraduate  studies.  Bishop’s  offers  entry  scholarships  to  ensure  they  retain  and   ensure  many  of  the  talented  students  with  high  averages.  This  is  important  to