WSU NAC Presentation (4-5-13)
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WSU NAC Presentation (4-5-13)

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Alex Lawrence presentation to NAC on 4-5-13 about Entrepreneurship at WSU.

Alex Lawrence presentation to NAC on 4-5-13 about Entrepreneurship at WSU.

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  • 1. Entrepreneurship at Weber StateAlex LawrenceVice Provost, Innovation and Economic DevelopmentDirector, Entrepreneurship Program
  • 2. Overview• Catalysts for Entrepreneurship at WSU• Our Unique Focus• Entrepreneurship Minor• Other Contributors• Goals and Outcomes• Questions and Contact Info
  • 3. Catalysts• Hall Global Entrepreneurship Center • Endowed Chair (Hall) • Budget for Entrepreneurship Minor (Hall) • Bill Child Endowment• University wide support at highest levels• Unique community partnerships • Startup Ogden • WEA Mentors • Startup Weekend, Summit Series, Hack Ogden
  • 4. Unique Focus• Target all potential entrepreneurs – any discipline• Be a reflection of our communities• $500k - $5M annually businesses• Mainstream – not small, not “lifestyle”• The real thing = applied
  • 5. Entrepreneurship Minor• Developed in collaboration with Steve Blank at Stanford• Proven model modified to reflect our community and student base• Significant time outside of the classroom• $25,000 competitive grants to create real companies
  • 6. Course 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
  • 7. 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
  • 8. Entrepreneurship Minor - Grants• $25k to startups with product/market fit• Repayment after $500k in revenue• No equity stake• Great experience = great alumni• Lead USA in student startups with revenue
  • 9. Approval Process For Minor• All WSU approvals met• May 17th to Regents for approval• First course this Summer• Hire Endowed Chair this Summer• Launch Fall 2013, first startups in 2014
  • 10. Other Unique Contributors• Weber Entrepreneurs Association• New student startup room in GSBE• Startup Weekend• Summit Series (Powder Mountain)• Startup Ogden
  • 11. Startup Ogden
  • 12. Startup Ogden• $3.2M partnership with Campus Stores, CE, WSURF and Ogden City• Triumphant return of WSU to downtown• Statewide hub for startups and entrepreneurship• Significant opportunities for WSU students • Mentors • Events • Real world experience • Affordable access • Co-founders and other serendipity
  • 13. Goals And Outcomes• The most student startups with revenue in Utah.• National recognition as a program that helps students start real companies while in school.• Successful entrepreneurial alumni that will have a new and unique loyalty to WSU.• Entrepreneurs that don’t love higher ed will love this program and point to it as “worth it”.
  • 14. Questions and Contact InformationAlex Lawrence801-626-8940 (office)801-859-8282 (mobile) (email)This presentation is at: