Entrepreneurship at Weber StateAlex LawrenceVice Provost, Innovation and Economic DevelopmentDirector, Entrepreneurship Program
Overview• Catalysts for Entrepreneurship at WSU• Our Unique Focus• Entrepreneurship Minor• Other Contributors• Goals and Outcomes• Questions and Contact Info
Catalysts• Hall Global Entrepreneurship Center • Endowed Chair (Hall) • Budget for Entrepreneurship Minor (Hall) • Bill Child Endowment• University wide support at highest levels• Unique community partnerships • Startup Ogden • WEA Mentors • Startup Weekend, Summit Series, Hack Ogden
Unique Focus• Target all potential entrepreneurs – any discipline• Be a reflection of our communities• $500k - $5M annually businesses• Mainstream – not small, not “lifestyle”• The real thing = applied
Entrepreneurship Minor• Developed in collaboration with Steve Blank at Stanford• Proven model modified to reflect our community and student base• Significant time outside of the classroom• $25,000 competitive grants to create real companies
Course Overview1001 Principles of Entrepreneurship (Lawrence) • Non-business majors • Three day course1002 Intro to Entrepreneurship (Lawrence) • Opportunity Recognition • Building a business model • Non-corporate viewpoint1003 Ideation and Customer Development (Dotson) • Testing ideas with customers • Significant time outside of classroom
Course Overview1004 Entrepreneurial Finance (TBD) • Bootstrapping • Alternatives to investors2001 Sales and Marketing (TBD) • Scaling a successful business model • Generating revenue2002 Generating Revenue and Profits (TBD) • 25% of funding to startups with most traction2003 Growing the Business (TBD) • 75% of remaining funding to accelerate sales
Entrepreneurship Minor - Grants• $25k to startups with product/market fit• Repayment after $500k in revenue• No equity stake• Great experience = great alumni• Lead USA in student startups with revenue
Approval Process For Minor• All WSU approvals met• May 17th to Regents for approval• First course this Summer• Hire Endowed Chair this Summer• Launch Fall 2013, first startups in 2014
Other Unique Contributors• Weber Entrepreneurs Association• New student startup room in GSBE• Startup Weekend• Summit Series (Powder Mountain)• Startup Ogden
Startup Ogden• $3.2M partnership with Campus Stores, CE, WSURF and Ogden City• Triumphant return of WSU to downtown• Statewide hub for startups and entrepreneurship• Significant opportunities for WSU students • Mentors • Events • Real world experience • Affordable access • Co-founders and other serendipity
Goals And Outcomes• The most student startups with revenue in Utah.• National recognition as a program that helps students start real companies while in school.• Successful entrepreneurial alumni that will have a new and unique loyalty to WSU.• Entrepreneurs that don’t love higher ed will love this program and point to it as “worth it”.
Questions and Contact InformationAlex Lawrence801-626-8940 (office)801-859-8282 (mobile)email@example.com (email)This presentation is at:
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