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Denmark Keynote: Universities, New Ventures, and Culture

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Denmark Keynote to kick off Open Entrepreneurship

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Denmark Keynote: Universities, New Ventures, and Culture

  1. 1. Ikhlaq Sidhu, content author Ikhlaq Sidhu Founding Faculty Director Sutardja Center for Entrepreneurship & Technology Department of Industrial Engineering & Operations Research IEOR Emerging Area Professor Award Universities, New Ventures, and Culture Denmark September 2017
  2. 2. Ikhlaq Sidhu, content author My Perspective: Sutardja Center for Entrepreneurship & Technology College of Engineering, UC Berkeley Approach Berkeley Method: ØEntrepreneurship ØInnovation Leadership
  3. 3. Ikhlaq Sidhu, content author Our Model Brings Bay Area Executives and Entrepreneurs into the Classroom 1500 Undergraduates 100 Ph.D / Graduate Students 100 Executives 10 Global Partners Michael Marks, KKR, former CEO, Flextronics Shomt Ghose, Venture Partner, Onset Ventures Udi Manber, VP Engineering, Google Marc Andreesen, Founder, Netscape Larry Baer, COO, San Francisco Giants Amine Haoui, CEO, Sensys Networks Stacey Lawson, Founder In Part, Executive Seibel Jim Davidson, Managing Director, Silverlake Partners Donna Dubinsky, Former CEO, Palm Matt Caspari, co-founder, Aurora Biofuels Richard Gorman, SVP, Siebel Systems Mike Olson, founder and CEO, Cloudera Brodie Keast, EVP, TiVo David Ladd, Managing Director, Mayfield Jeff Miller, CEO, Documentum Eva Miranda, SVP, Sony Corporation Ravi Mohan, Managing Director, Shasta Ventures Ted Hoff, Inventor,of the Microprocessor Nat Goldhaber, Managing Director, Claremont Creek Ventures Peter Thiel, co-founder and CEO, PayPal Victoria Hale, founder and CEO, Medicines 360 Steve Newcomb, founder , Powerset (part of Microsoft s BING) Pehong Cheng, CEO, Broadvision
  4. 4. Ikhlaq Sidhu, content author LOTS OF ACTIVITY CHALLENGE LAB GLOBAL PROFESSORS NZTV SELF-DRIVING COLLIDER DATA-X CHATBOT COLLIDER SCET IN TAIWAN JOHN BATTELLE FOUNDER WIRED MAGAZINE NEWS COVERAGE
  5. 5. Ikhlaq Sidhu, content author Our model has adapted: Business training is not the only key element Our effectiveness formula is: • Depth in an valued area • Entrepreneurial “behaviors and mindset” Our programs and projects provide this. Our model has adapted: Business training is not the only key element Skill in a Core Area Innovation Behaviors and Mindset “Psychology of Innovation” High Potential Too Narrow Street smart, but lacking depth
  6. 6. Ikhlaq Sidhu, content author What is happening at the Sutardja Center (SCET)? • We are changing education • Students change the world • Our lab area enable new industries and new ways to collaborate
  7. 7. Ikhlaq Sidhu, content author The Greater Silicon Valley: An Innovation Accelerator My other perspective is Silicon Valley
  8. 8. Ikhlaq Sidhu, content author Silicon Valley – What is it like? • Approx. 6M people • 400,000+ tech jobs (~25% of the work force) • More millionaires & billionaires per capita than anywhere else in US and Europe • Thousands of experienced entrepreneurs. • 50% of all venture investing in the US • 2,000+ angel investors, 29 of the 100 largest US companies have HQ in SV • Decisions are made at lightning speed • Follow up in hours, not days or weeks Data from USMAC
  9. 9. Ikhlaq Sidhu, content author Demystify the Venture Creation Process
  10. 10. Ikhlaq Sidhu, content author Universities and Industry Misconception Universities Smartest People New Ventures Technology Message 1: A Misconception
  11. 11. Ikhlaq Sidhu, content author Universities and Industry Smartest People New Ventures Technology This is misconception Universities
  12. 12. Ikhlaq Sidhu, content author Universities and Industry Universities: Stanford Berkeley Smartest People World Brain Drain Large Firms New Ventures Create Grow Skilled Employees
  13. 13. Ikhlaq Sidhu, content author Universities and Industry Universities: Stanford Berkeley Smartest People World Brain Drain Large Firms New Ventures Create Grow Skilled Employees
  14. 14. Ikhlaq Sidhu, content author A Critical Factor
  15. 15. Ikhlaq Sidhu, content author • San Diego• Chicago Two Cities in USA Message 2: (Innovation) Culture Matters
  16. 16. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster
  17. 17. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster Hidden Essential Ingredient
  18. 18. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster Hidden Essential Ingredient Innovation Culture & Mindset
  19. 19. Ikhlaq Sidhu, content author Message 3: Teach both: skills for innovation culture for innovation (behavior and mindset) What Can a University Contribute
  20. 20. Ikhlaq Sidhu, content author Advice for Researchers
  21. 21. Ikhlaq Sidhu, content author Research based Entrepreneurs Tend to Watch the Trends Design Of Today 5 years Density of memory Speed of computing Cost of bandwidth Research Project Proposal Today
  22. 22. Ikhlaq Sidhu, content author Misconception Work in Lab for 5 years Show World They Love it And adopt it
  23. 23. Ikhlaq Sidhu, content author Misconception Work in Lab for 5 years Show World They Love it And adopt it Instead: Invite World (Industry) to collaborate with you Let them tell you where the industry will be in 5 years Intersect with their roadmap in 2-3 years They Love it And adopt it
  24. 24. Ikhlaq Sidhu, content author Contact: Ikhlaq Sidhu Faculty Director, Sutardja Center for Entrepreneurship & Technology IEOR Emerging Area Professor, UC Berkeley sidhu@berkeley.edu scet.berkeley.edu

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