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Worcester Polytech - Alumni entrepreneurial activity - Open 2011

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Worcester Polytech - Alumni entrepreneurial activity - Open 2011

  1. 1. Toward an Understanding of Alumni Entrepreneurial Activity at a Technological University<br />McRae C. Banks<br />with Drew Gilday and<br />KaterinaMangaroska<br />School of Business<br />Worcester Polytechnic Institute<br />
  2. 2. Motivation and Method<br />Learning about our entrepreneurial alumni<br />Similar to MIT alumni studies by Ed Roberts<br />Online survey<br />Email with link sent to over 15,000 living alumni of WPI<br />Given four weeks to participate, but closed after six weeks<br />Two reminder messages sent<br />622 responses (~ 4%)<br />
  3. 3. Majors<br />348 Engineering<br />68 Math/Computer Science<br />65 Science<br />Balance Other (MBA, MSIT, MIS, MGE, MG, SS, System Dynamics, etc.)<br />Civil Engineering and Mechanical Engineering comprise 50 percent of participants<br />Vast majority graduated prior to 1995<br />
  4. 4. Founded or Considered It<br />
  5. 5. What Influenced You to Start?<br />
  6. 6. Barriers for Non-Starters<br />
  7. 7. Some Basic Information<br />Companies founded in 26 states and 2 other nations<br />63% New England<br />37% Massachusetts<br />16% West<br />12% Northeast<br />5% Midwest<br />Only 7% are (or were) public<br />
  8. 8. Sector<br />
  9. 9. Criticality of IP<br />
  10. 10. Number of Founders<br />
  11. 11. Source of Cofounders<br />
  12. 12. Sources of Funding<br />
  13. 13. Company Size<br />
  14. 14. Variables Affecting Location Decision<br />
  15. 15. Variables NOT Affecting Location Decision<br />
  16. 16. Variables Important toExpansion Decisions<br />
  17. 17. What would help you inachieving your vision?<br />
  18. 18. What Can WPI Provide?<br />
  19. 19. Take Aways for WPI<br />Humbling, but reinforces importance of mindset<br />A handful of really successful alumni we should engage<br />Surprised at the percentage of serial founders<br />Surprised at the low importance of IP<br />

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