Rebeca Hwang: Creation of Tech Companies and University Entrepreneurship
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Rebeca Hwang: Creation of Tech Companies and University Entrepreneurship

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To kick off the year for spin off, the office in charge of technology transfer at the Universidad de Zaragoza, Rebeca Hwang of YouNoodle used her experience as an entrepreneur to give advice to young ...

To kick off the year for spin off, the office in charge of technology transfer at the Universidad de Zaragoza, Rebeca Hwang of YouNoodle used her experience as an entrepreneur to give advice to young technology companies as well as to discuss general market trends she sees in Silicon Valley.

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Rebeca Hwang: Creation of Tech Companies and University Entrepreneurship Presentation Transcript

  • 1. University Entrepreneurship November 24, 2009 Spain By Rebeca Hwang | YouNoodle | rebeca@youoodle.com
  • 2. Some recent student start-ups:   In the US, 1,274 students in the top 50 programs nationwide launched businesses while still in school.   Sam Altman, Loopt founder, 19; Facebook's Mark Zuckerberg, 19; Firefox creator Blake Ross was 17.   MIT’s $100K competition alone has generated 85 companies, market cap over $10BN, generating 2,500 jobs, $600M investment. http://mit100k.org   Academic entrepreneurs account for 8.6% of venture-backed companies founded between 1992-2001.   In America startups have accounted for almost ALL of the NET JOB creation in the past two decades
  • 3. The life of a startup and an entrepreneur: Pre-funding Early stage Series B, C Idea Prototype startup startup startup Exit Infrastructure/Labs/ Machine shops, Networking Practical classes Team Workshops Visibility Track and support matching Business Plan with appropriate START OVER Competitions ecosystem Innovator with desire to become an Innovator entrepreneur Inspirational stories Successful Technical education, Entrepreneur skills
  • 4. The life of a startup and an entrepreneur: Pre-funding Early stage Series B, C Idea Prototype startup startup startup Exit Set the right expectations Empower and Enable and Track and inspire Facilitate improve START OVER Innovator with desire to become an Innovator entrepreneur Set the right expectations Successful Entrepreneur
  • 5. The path to becoming entrepreneur: Pre-funding Early stage Series B, C Idea Prototype startup startup startup Exit Set the right expectations MIT Susan MIT 100K, YouNoodle JA Eng Murcott MIT Ideas Squizz START OVER BASES Innovator with CTO desire to become an Innovator entrepreneur Set the right expectations Successful Entrepreneur
  • 6. Overview of programs:   BASES / Clean Tech Open / Venture Cup:   Classes   Entrepreneurs Thoughts Leaders Program: stories of successes and failures   Workshops   Online social network platform to showcase startups   Accelerators / Startup Weekend   Business Plan, Idea Competitions   Speed-networking with investors   Startup Career Fairs   Externships, Internships, Startup mentors   Alumni Index and Tracking   Silicon Valley comes to Oxford   Fantasy Startup Contest
  • 7. Bob Goodson Medieval Literature (MS) Oxford University English Yelp.com Rebeca Hwang Chemical, Environmental Engineering (BS, M.Eng) Social Network Theory (PhD) MIT, Stanford Korean-Argentinean Kirill Makharinksy Math (BS) Oxford Russian Slide.com
  • 8. Social
network
for
entrepreneurs

  • 9. Fast
growing
global
community
 400,000
members
 50,000
startups
tracked
 300

groups

  • 10. Pla>orm
for
compe??ons
and
clubs
 Embedded
YouNoodle
 compe??on
submission

  • 11. Realized
data
 is
valuable

  • 12. $11987
 BN
 $1002008
 BN

  • 13. Scores:
Calcula?on

  • 14. Labs:
Network
analysis

  • 15. The Israeli Case:   1992 Israel founded a 100 M government fund   Despite Israelʼs small population of 7 M,   it has attracted as much venture capital as France and Germany combined   it has more startups per head than any other country (3850 for every 1844 people)   it has more companies listed in NASDAQ than China and India combined
  • 16. Questions?