Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011
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Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011

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Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011 Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011 Presentation Transcript

  • ENGAGING ENTREPRENEURIAL ALUMNI: The Challenges and the Opportunity
    Donald M. Reimer and Gregory J. Feierfeil
    Lawrence Technological University
    Southfield, Michigan
  • Mission and Value Statement
    • The Legends is an organization of Lawrence Tech entrepreneurial alumni whose purpose is to foster and enhance the entrepreneurial mindset among our students.
    • The Legends will also serve as a network and a forum for Lawrence Tech alumni to share their entrepreneurial journey and experiences.
    • The Legends will strive to identify business opportunities and future commericalization of intellectual property within the Lawrence Tech family.
  • The Legends of Lawrence Tech
    • Entrepreneurial Alumni who own all or part of a business enterprise
    • Entrepreneurial Alumni who are employed by larger corporations and who are corporate entrepreneurs
    • Attended Lawrence Tech and did not graduate; however, did create a business
  • Entrepreneurial Lecture Series
  • Meet The Legends
    Raymond Ormachea, BSIM’02 Donald A. Stevens, BSA’92
    Co-Founder, Automated Systems Stucc on Steel Building Systems
    Gretchen Minnhaar, BSArE’59 Michael Fitzpatrick, BSME’73
    Gretchen Minnhaar Designs President, Fitzpatrick Manufacturing
    Keith Pratt, BSIM’82 Don Bernhardt, BSME’86
    Chairman and CEO Vice President, NA Seat Operations
    Shared Vision, LLC Lear Corporation
    David Barbyshire, BSME, ’87 Derek Richmond, BSME’97
    Dasi Solutions, LLC Partner, The Nath Law Group
    Gina Van Tine, BSAr’89, Bar’94 Daniel McNulty, P.E., BSCvE’92
    Principal, inFORM Studio COO, Atwell, LLC
  • Engaging The Legends
  • Purpose of The Legends
    • Mentor student entrepreneurs in CEO
    • Share their entrepreneurial journey at the Entrepreneurial Lecture Series
    • Participate in the Entrepreneurial Internship Program supported by the Kern Family Foundation
    • Network with other entrepreneurial alumni
    • Enhance the entrepreneurial curriculum
  • Programs and Events
    • Entrepreneurial Lecture Series
    • Entrepreneurial Alumni of the Month
    • Student Awards and Recognition Programs
    • Sponsor Understanding the World of Entrepreneurship Summer Workshop
    • Mentoring CEO Club
    • Speaking to students in classes
    • Entrepreneurial Internship Program
  • Engaging The Legends
  • Involvement of the University Advancement Office
    • Maintains an ongoing relationship with alumni
    • Maintains a data base of Lawrence Tech alumni
    • Assisted in identifying entrepreneurial alumni- 918
    • Identified key alumni business owners and corporate entrepreneurs
    • Communicates with entrepreneurial alumni
  • The Role of the Champion
    • Promote entrepreneurial alumni to the Alumni Association Board of Directors
    • Stimulate interest in the alumni entrepreneurial engagement with the University Advancement and Alumni Relations Office
    • Promote entrepreneurial activity across the entire Lawrence Tech Campus
    • Identify key entrepreneurial alumni for the steering committee
  • Engaging The Legends
  • The Legends - Leadership
    • Past president of the University Alumni Board served as Champion
    • Served as chair of organizational steering committee
    • Identified other key entrepreneurial alumni and got them engaged
    • Served as a liaison with the University Advancement Office and Alumni Board
  • Initial Step – Formation of the Steering Committee
    • Engaging entrepreneurial alumni from all colleges within the University
    • Identifying the key entrepreneurial alumni who have an interest in serving on the Steering Committee
    • Identifying the chair of Steering Committee who has the time to serve
  • Role of the Steering Committee
    • Establish the vision and mission of the organization
    • Develop the By-Laws
    • Create well-represented Board of Directors
    • Identify operating committees
    • Establish operating budget and identify the funding resources
    • Create a strategic plan
  • Organizational Activities
    • Entrepreneurial Lecture Series
    • Entrepreneurial Digital Library
    • Brand Camp University – Social Media Seminar
    • Funding Student Team Projects
    • Working with CEO Club
    • The Legend of the Year
  • The Legend of the Month
  • Committees
    • Executive Committee
    • Membership
    • Awards and Recognition
    • Commercialization and Intellectual Property
    • Mentoring
    • Communication
  • Challenges
    • Identifying and communicating with entrepreneurial alumni
    • Funding the organization
    • Engaging the members and keeping them engaged
    • Stabilizing the Board of Directors
    • Scheduling time for meetings
    • Developing an effective and usable data base of entrepreneurial alumni
  • Lessons Learned
    • Pre Planning and Organizing
    • Obtaining university commitment very early in the process
    • Identify internal champion as soon as possible
    • Identify entrepreneurial alumnus who will serve as champion
    • Work closely with Alumni Relations Office and Alumni Board
    • Establish an effective steering committee
    • Create an effective implementation plan that includes engaging entrepreneurial alumni with students
  • QUESTIONS
    Panelist:
    Derek Richmond, BSME’97
    Partner, The Nath Law Group
    Alexandria, VA
    Donald A. Stevens, BSAr’92
    Managing Member
    Stucc on Steel Building Systems, LLC
    Winchester, VA
    Karen Evans, JD, BSHum’03
    Lawrence Technological University
    Director, Undergraduate Management Programs
  • Thank you
    For more information on building an entrepreneurial alumni organization at your university contact:
    Donald M. Reimer, CMC
    Director, Entrepreneurial Programs
    College of Engineering
    Lawrence Technological University
    248-204-2573
    dreimer@ltu.edu