Great Business Mentors: Lubrizol, Jones Day, Ogleby Norton, Fortune 500 consultantsSmart Solutions: - becoming most profitable line; hired EDGE Fellow in 2009
EDGE Student Programs
Develop<br />Connect<br />Grow<br />The Entrepreneurs EDGE<br />The Entrepreneurs EDGE is a 501(c)(3) non-profit organization that helps Northeast Ohio mid-market companies grow in value by creating programs, services, and events and by fostering economic development through education, innovation, and relationship building. <br />
Two-month paid internship<br />Conduct feasibility studies on new business ideas with local companies<br />Plug-in to Northeast Ohio’s vastentrepreneurial community<br />Great exposure and networking<br />Candidates will be accepted through April 2011<br />Accredited course on innovation management led by regional practitioners of innovation<br />Engage with other entrepreneurial students and professionals<br />Great exposure to great companies<br />Classes meet Saturday mornings in Independence, Ohio<br />Student Programs<br />Experiential Learning Opportunities<br />2011 EDGE FellowsSummer Intern Program<br />Fall 2011InnoQuest Program<br />
EDGE Fellows Summer Intern Program<br />“<br />My summer internship (EDGE Fellows program) enabled me to take classroom theory and put it into a practical experience…<br />-- Chris Schmitt<br />”<br />
EDGE Fellows Program<br />The program will…<br />1<br />Ask business leaders for any great new business ideas.<br />Recruit top students to perform due diligence on ideas.<br />Pair students with business mentors to conduct research.<br />2<br />3<br />
Provided value-added research to business leaders.
Helped to create new ventures and new opportunities.
Retained top talent in NEO.</li></ul>From 2008 and 2009, 24 of 35 EDGE Fellows have chosen to stay and work in NEO.<br />
EDGE Fellows Program<br />Research Assignments:<br /><ul><li>Teams of two students research one new business idea.
Idea generators, business mentors, and EDGE staff provide support.
Projects assigned based on the students’ interests and backgrounds.
Group engages through topical discussions, peer reviews, and benchmarking.</li></ul>ProgramTimeline:<br />Public Presentations<br />Orientation<br />Final Presentations<br />to Idea Generator<br />June<br />July<br />Aug<br />May<br />Internship<br />Two-month research period<br />
Program Successes<br />Participant Satisfaction:<br /> Overall Student Satisfaction (10-point scale)<br /> Over 80% of the Idea Generators plan to implement some or all of the student recommendations<br />New Business Ventures:<br /> Carroll Manufacturing: Flavor Wraps ($1m+)<br />Smart Solutions: untapped IP and SaaS<br />Fairmount Minerals: pH-neutral colored gravels and complementary colored sand market<br /> World Shipping: provisional patent on how to change traditional methods of shipping liquids<br /> Eco-Clad: EPA-approved non-toxic coating for marine applications<br />
(2010) $1M+ in Sales</li></li></ul><li>2008 Success Story<br />SAS Program – HR Management for School Systems<br /> Smart Solutions, Beachwood ($25M )<br /> Un-utilized intellectual property <br /> Hired EDGE Fellow to run the program<br /> Anticipates this division to become one of their most profitable ventures.<br />
Fall InnoQuest Program<br />“<br />This provided a fresh new perspective that complemented other graduate studies… <br /> -- Paul Evans<br />”<br />
EDGE Fellows Program<br />The program will…<br />Engage leaders of innovation to teach class sessions for students and business professionals.<br />Recruit top students interested in innovation & entrepreneurship to enroll in accredited program.<br />Introduce students to internship opportunities with greatlocal companies.<br />1<br />2<br />3<br />DID YOU KNOW<br />Thomas Edison was neither the first nor the only person trying to invent the electric light AKA light bulb.<br />