My Background & Perspective

State Policy Academy on EntrepreneurshipNew Orleans, July 16, 2001“Human Capital for Entrepreneurship: Higher Education” How to Build a Successful Entrepreneurship Education Program for Engineers and Scientists: The Stanford Recipe Professor Tom Byers Stanford University Stanford Technology Ventures Program http://stvp.stanford.edu

My Background & Perspective Board of Directors Member Educator @ Stanford Founder @ Slate Executive @ Ph.D. @ 1980’s 1990’s 2000’s Stanford Technology Ventures Program http://stvp.stanford.edu

Our mission is to accelerate high-technology entrepreneurship education and research across top engineering schools worldwide. Stanford Technology Ventures Program http://stvp.stanford.edu

STVP’s Strategy and Activities Teaching: Research: Create and deliver curricula for engineering education Support research on high-technology entrepreneurship Outreach: Disseminate results to accelerate similar efforts worldwide Stanford Technology Ventures Program http://stvp.stanford.edu

I. First Things First … Why Care? Why is This Important? Why in Your Region/State? Economic growth depends on both high technology and entrepreneurship Skill development of next generation of technology leaders and managers Opportunity to build strong relationship between university and industry Huge opportunity for impact through ~ 1 million students Economic development of region Self-sustaining and growing communities Reputation of universities in your region as innovators Successful entrepreneurs eventually give back to the community Stanford Technology Ventures Program http://stvp.stanford.edu

II. What’s the Situation at the University … Regional Profile? • Efforts so far at your university or college? • Located near a technology region? (Seattle, Austin) • What is primary technology sector in your region? • Are there community contacts/role models available? • Focus on small business or high potential ventures? Stanford Technology Ventures Program http://stvp.stanford.edu

II. What’s the Situation at the University • … University Profile? • Fit with university’s or school’s vision and strategy? • University’s orientation: research or teaching? • Public or private? • Undergraduates only or a mix? • How much activity in business school to date? Attitude towards • engineering & science students in general? • Which school has most power and influence in university? • Support to date and opportunities for more funding? What are major sources of funds? • Support from university administrators and successful alumni? • Is there an identified champion and charismatic leader for this endeavor through faculty or senior staff? Stanford Technology Ventures Program http://stvp.stanford.edu

III. What Can a University Do? Basic Advanced Seed funding for a pilot program Long-term grants & endowments Establish and support a champion to pilot an e-ship program Full tenure-line and adjunct faculty, center director, and staff Implement a simple work/study program (e.g., KEIP program) Full MFP-like program with courses, networking, and mentors Extensive web site as a teaching tool and community resource Brochure and simple web site Student entrepreneurship club: entrepreneurship speaker series with faculty advisors & networking Business plan competition, start-up job fair, networking w/ other schools, weekly email regarding e-ship events Stanford Technology Ventures Program http://stvp.stanford.edu

III. What Can a University Do? (Cont.) Advanced Basic More courses: venture creation, growth, marketing, strategy, finance … and leverage existing courses Give course Intro. to High- Technology Entrepreneurship with STVP design & HBS case studies Join ASEE’s Entrepreneurship Division and LLEEP’s clinics Participate in REEE @ Stanford and NCIIA Develop an advisory board with key community leaders Create networking events and mailing lists for your region Build a community of students Build a community of alumni Identify faculty around the university to collaborate Create an e-ship task force Consider establishing an incubator Develop relationships with VCs Stanford Technology Ventures Program http://stvp.stanford.edu

IV. Who Can Help … Local Resources? • Department Chairs (e.g., Computer Science) • Engineering Faculty • Sciences Faculty • Dean, Provost, and President • Student Service Coordinators for Each Department • Development Officers (Fundraisers) • Business School Faculty in Entrepreneurship • Technology Transfer Office • Medical and Law Schools • Community Leaders • Alumni: Entrepreneurs, CEO’s, & Founders • Support Services: VC, Law, Big 5 Accounting and Consulting • Campus Placement & Career Skills Groups • … Government Leaders! Stanford Technology Ventures Program http://stvp.stanford.edu

IV. Who Can Help … National Resources? • Stanford Technology Ventures Program • http://stvp.stanford.edu • Lifelong Learning for Entrepreneurship Education Professionals • http://www.lleep.org • Kauffman Center for Entrepreneurial Leadership • http://www.kcel.org • American Society of Engineering Educators (E-ship Division) • http://www.asee.org • National Collegiate Inventors and Innovators Alliance • http://www.nciia.org Stanford Technology Ventures Program http://stvp.stanford.edu

V. How Much Will It Cost? Startup Costs? $150K Ongoing Budget? $100K / year Incremental Budget? $300K / year Basic Advanced Note: Some of these costs could be in-kind support from the university, such as existing tenured faculty and facilities. Stanford Technology Ventures Program http://stvp.stanford.edu

Thank You! Tom Byers www.stanford.edu/~tbyers tbyers@stanford.edu 650-725-8271 Note: STVP is funded by the generosity of the Kauffman Center for Entrepreneurial Studies, Price Institute of Entrepreneurial Studies, and various Silicon Valley entrepreneurs and venture capitalists. Stanford Technology Ventures Program http://stvp.stanford.edu

My Background & Perspective