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Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011


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Lawrence Tech - Engaging Entrepreneurial Alumni - Open 2011

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