University Of Michigan

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University Of Michigan

  1. 1. Balancing Entrepreneurial Objectives in Building a Curriculum<br />Doug Neal, Aileen Huang-Saad, Thomas Zurbuchen<br />University of Michigan, College of Engineering<br />dougneal@umich.edu<br />
  2. 2. Challenges Facing Universities<br />Universities need to evolve to meet growing demand of rapid innovation in a global and connected market<br />Leadership of universities comes from adding multidisciplinary experiential learning to their curriculum<br />Entrepreneurship is an important part of such additions, especially for Engineering education<br />
  3. 3. Entrepreneurial Mindset<br />“Entrepreneurship is a particular type of mindset, a unique way of looking at the world….At the heart of entrepreneurship lies the desire to achieve, the passion to create, the yearning for freedom, the drive for independence, and the embodiment of entrepreneurial visions and dreams through tireless hard work, calculated risk-taking, continuous innovation, and undying perseverance.”<br />Ma, H. and J. Tan, Key components and implications of entrepreneurship: A 4-P framework. Journal of Business Venturing, 2006. 21(5): p. 704-725<br />
  4. 4. State of Michigan Unemployment<br />
  5. 5. Michigan Recession Eight Years Old<br />
  6. 6. U-M Research Growth Exceeds $1B<br />
  7. 7. What Is Needed<br />“In an increasingly knowledge-driven economy, research has become the essential component that drives our economic engine…” <br />– Governor Jennifer M. Granholm<br />Michigan Unemployment Rate<br />U-M annual research expenditure exceeding $1B <br />Economic development around U-M benefiting from entrepreneurial activity<br />Focus on entrepreneurial activities is accelerating growth<br />Source: localtrends.com<br />
  8. 8. Tension and Balance<br />No robust economic development without entrepreneurial mindset<br />No accelerated entrepreneurial mindset without economic impact<br />
  9. 9. The Challenge<br />How to achieve significant scale for entrepreneurship to become a pervasive value?<br />How to create significant impact in a place that does not have Silicon Valley next-door?<br />
  10. 10. U-M Center for Entrepreneurship<br /><ul><li>Founded in 2007
  11. 11. Twofull & threepart-time staff, sevenstudent interns
  12. 12. Located in College of Engineering
  13. 13. Reports to Associate Dean of Entrepreneurship
  14. 14. University-wide focus
  15. 15. Academics
  16. 16. Community engagement
  17. 17. Ventureacceleration</li></li></ul><li>Our Entrepreneurship Strategy<br />Pinnacle Programs<br />Intensity<br />Breadth<br />Development Programs<br />“Entrepreneurial Mindset for Every COE Student”<br />
  18. 18. Strategy – Engagement Level<br /><ul><li>Scalable, high-impact engagement programs expose broad audience to basics of entrepreneurship</li></ul>Distinguished Lecture Series<br />Sponsored <br />Meet-up Events<br />Student-run Idea Pitch Competition<br />Academics<br />Community Engagement<br />Venture Acceleration<br />
  19. 19. Strategy – Development Level<br /><ul><li>Moderately intense programs that provide practical and multidisciplinary experiences in entrepreneurial education</li></ul>Practicum: hands-on innovation class<br />Instant Innovation and Internships<br />Mentorship<br />Academics<br />Community Engagement<br />Venture Acceleration<br />
  20. 20. Strategy – Pinnacle Level<br /><ul><li>Intense and focused programs that provide high level of knowledge transfer and business formation acceleration</li></ul>Masters High-Tech Entrepreneurship<br />Bay Area Trip / Tech Fest<br />Business Accelerator<br />Academics<br />Community Engagement<br />Venture Acceleration<br />
  21. 21. Masters High-Tech Entrepreneurship<br />Bay Area Trip / Tech Fest<br />Business Accelerator<br />Instant Innovation and Internships<br />Practicum: hands-on innovation class<br />Mentorship<br />Distinguished Lecture Series<br />Sponsored <br />Meet-up Events<br />Student-run Idea Pitch Competition<br />Community Engagement<br />Venture Acceleration<br />Academics<br />
  22. 22. Balancing Tension, Achieving Excellence<br />
  23. 23. Exciting things happening!<br />17<br />
  24. 24. Thank you<br />Doug Neal<br />Managing Director <br />Center for Entrepreneurship<br />dougneal@umich.edu<br />

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