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Stanford and the Silicon Valley Ecosystem - Tom Byers - 2013 HBCU Innovation Summit


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Tom Byers presented "How the Silicon Valley Innovation Ecosystem Works: Stanford University's Contributions" on Thursday, October 31, 2013, during the UNCF HBCU Innovation Summit at Stanford University.

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Stanford and the Silicon Valley Ecosystem - Tom Byers - 2013 HBCU Innovation Summit

  1. 1. How the Silicon Valley Innovation Ecosystem Works: Stanford University’s Contributions Professor Tom Byers Stanford University UNCF HBCU Innovation Summit October 31, 2013 Copyright © 2013 by the Board of Trustees of the Leland Stanford Junior University and Stanford Technology Ventures Program (STVP). This document may be reproduced for educational purposes only.
  2. 2. Welcome to Silicon Valley
  3. 3. Domains of the Entrepreneurship Ecosystem
  4. 4. Silicon Valley Highlights 1. MARKETS: Many early adopters of new technology 2. HUMAN CAPITAL: A talent pool and social networks – Loyalty to the technology with a unique openness – Highly skilled and motivated – Diverse (highly multicultural) 3. SUPPORTS: A services infrastructure with many suppliers for outsourcing (accounting, public relations, etc.) 4. FINANCE: A venture capital industry that provides more than financing (e.g., strategic advice, contacts, and recruiting of teams) 5. CULTURE: An entrepreneurial spirit and culture – Role models that demonstrate audacity and humility – Flat organizational structures and meritocracy – OK to talk and partner across company boundaries about common issues and challenges – OK to fail, learn from it, and then try again (e.g., a willingness for experimentation and tolerance for risk)
  5. 5. Welcome to Stanford!
  6. 6. Stanford’s Economic Impact Through Entrepreneurship and Innovation Data from “Stanford University’s Economic Impact via Innovation and Entrepreneurship” survey conducted in 2011 by Charles E. Eesley and William F. Miller, Stanford University
  7. 7. Stanford’s Activities 1. Interaction with industry, basic research funding, and bold and creative thinking 2. Silicon Valley as a nearby planting ground for ideas 3. Students as inventors, disseminators, and workforce 4. Effective technology transfer and licensing operations 5. Progressive faculty policies toward entrepreneurship 6. Encouraging entrepreneurship and innovation education on campus…
  8. 8. Stanford’s Activities
  9. 9. Stanford Technology Ventures Program Courses Entrepreneurship and innovation courses for undergraduate and graduate students offered in collaboration with Stanford’s Department of Management Science and Engineering Research Leading-edge basic and applied research that enhances understanding of how new technology businesses form, survive and grow DFJ Entrepreneurial Thought Leaders Seminar Weekly lecture series where entrepreneurial leaders share the lessons of their experience with students, the Stanford community and the public Mayfield Fellows Program Nine-month work/study program designed to help undergraduates develop a theoretical and practical understanding of the techniques for growing technology companies Accel Innovation Scholars Yearlong program for Stanford engineering Ph.D. students focusing on technology commercialization, opportunity evaluation and entrepreneurial leadership
  10. 10. National Reach: Epicenter Professor Sheri Sheppard, co-PI • Funded by the National Science Foundation and managed by Stanford University and the National Collegiate Inventors and Innovators Alliance • Empowers U.S. undergraduate engineering students to bring their ideas to life for the benefit of our economy and society by helping them combine their technical skills, their ability to develop innovative technologies that solve important problems, and an entrepreneurial mindset and skillset Tom Byers Sheri Sheppard Kathleen Eisenhardt Tina Seelig Leticia Britos Cavagnaro Laurie Moore Phil Weilerstein Angela Shartrand Humera Fasihuddin
  11. 11. Epicenter’s Key Activities Faculty Host conferences and workshops on innovation and entrepreneurship (I&E) education for engineering faculty Students Empower engineering students to catalyze grassroots I&E movements at their schools Leadership Guide entrepreneurship-ready schools through process of institutional change in engineering education Research Examine models for educating engineers in entrepreneurial thinking and build a national research community Online Expand I&E learning resources to students and faculty via online courses and modules
  12. 12. Conversation with Two Current Students Kai Kight B.S. candidate Product Design Engineering Stanford University Theresa Lynn Johnson Ph.D. candidate Aeronautics and Astronautics Stanford University
  13. 13. Q&A and Suggested Resources Entrepreneurship: Its Role in Engineering Education by Tom Byers, Tina Seelig, Sheri Sheppard, and Phil Weilerstein Summer 2013, Vol 42, No 2 How to Start an Entrepreneurial Revolution by Daniel J. Isenberg MIT Enterprise Forum Colombia