Entrepreneurial Activities at PSU

Feb 9th, 2010

Kaufman Foundation

We recognize that university environments are natural breeding grounds for creativity, the exchange of ideas, and new ways of looking at and studying things. Colleges and universities have embraced entrepreneurship, making it the fastest-growing field of study on campus ….

(www.kaufman.org)

Overview

Intro to Business (BA 101) Business Outreach Program: Lara Damon

(http://www.sba.pdx.edu/bop/index.php) Social Entrepreneurship:Cindy Cooper

(http://sba.pdx.edu/sii/) PSU Business Accelerator:Chris Axtell

(http://www.psba.pdx.edu/) Center for Entrepreneurship: Melissa Appleyard

(appleyar@pdx.edu)    Q and A

BA 101 20 sections per year, required for business major and minor. Group project to develop a start up business plan.

“Four in 10 young people have or would like to start their own business someday.”

“Those who want to have their own business say their top reasons are to use their skills and abilities (92 percent), build something for their future (89 percent), be their own boss (87 percent), see their ideas realized (81 percent) and earn lots of money (85 percent).”

Harris Interactive’s 2007 YouthPulseSM

Business Outreach Program The Business Outreach Program’s mission is to help small businesses

including, emerging, minority and women-owned businesses, achieve their potential while providing students with opportunities for community based-learning.

Annually Serving: 60 locally owned small businesses located in the Portland

(approximately) 80% of clients are existing businesses 72% of clients are Minority or Women-Owned businesses Over 60% of clients are low income individuals (based on 50% or below

median income of Portland area 60 PSU students acting as student consultants serving up to 15

business clients 2-4 PSU SBA student interns employed by BOP to serve clients

Business Outreach Program

Services Available: Business and marketing plan

development Business analysis Accounting setup and training

– QuickBooks Marketing analysis and

strategy development Brand development Human resource management Pro Bono legal services Loan readiness preparation Resources

Delivery of Services: Counselors Student Consulting

Teams Student Interns Business Development

Workshops

Social Entrepreneurship

Using the power of entrepreneurial

innovation to tackle social and environmental

problems.

Social Innovation Incubator

Customized support to:

• Reduce search costs

• Reduce time to market

• Avoid pitfalls / learn from experience

• Persist

= Increase likelihood of success

Social Innovation Incubator

Social Innovation Incubator

2 intrapreneurial projects RITS: web-based tracking system tied to RFID tags to be

piloted in Tanzania Barista and roaster training in Oaxaca, MX

Start-up to leverage for-profit and non-profit entities Cervical cancer screening device

PSU’s Science & Technology Business Incubator / Accelerator

Founded in 2004 Served 42 technology startup companies Working with 20 companies at a time PSBA has a 84% success rate 100% of companies work with PSU

PSBA’s Value Proposition

Help technology entrepreneurs become investor ready and fill their company’s gaps.

Provide an entrepreneurial community for resident entrepreneurs to share ideas and resources.

Connect entrepreneurs to business development coaching and advising & PSU faculty and students.

Facility: •40,000 square foot office building, •Office / lab space for up to 25 companies

Location:•SW Corbett & SW Meade•One mile from PSU SBA•Near the Ross Island Bridge

Winner of Angel Oregon 2009

Lynn Stevenson

CEO

David Peyton

Co-founder & PSU Professor

PSBA / PSU support • Investor readiness coaching• MBA project teams• Lab space on campus• IT service provider referrals

PSBA / PSU support L2M ETM Team MBA Team Student interns

Jon Hofmeister, Founder & President

PSU Center for Entrepreneurship

The School of Business at Portland State University is leading an initiative to develop a world-class capability in entrepreneurship that provides the curriculum, mentoring, information, and network links that innovators – researchers, students, members of the community – need to launch their ideas and create successful companies. PSU’s Entrepreneurship Center will:

Deepen the entrepreneurial mindset and capabilities of the region’s innovators through educational programs;

Increase deal flow by providing expert support for vetting ideas, choosing the most appropriate vehicle for commercialization and social innovation, developing creative business models, and launch mentoring;

Accelerate bringing ideas to fruition by providing innovators with a “one-stop-shop” for the resources and processes required to reach the market.

Strategic Initiative 2

EmergingEntrepreneur

1-week Entrepreneurship

Intensive(MBA elective;

open to community)

COURSES

Pioneering Innovation

(MBA core course)

Market and Technology Assessment

(MBA elective)

Social Entrepreneurship and

Intrapreneurship(MBA elective)

Social Innovation and Entrepreneurship

(MIM/MBA elective)

Introduction to Entrepreneurship

(MBA elective)

New Business Launch and Growth

(MBA elective)

Global Entrepreneurship

(MIM elective)

SUPPORT

Elevator Pitch Competition

Launch mentoringGraduate Business

Projects (MBA/MSFA/MIM)

Social Innovation Mentoring

Start-Up Funding

OUTCOMES

Innovation Management & Entrepreneurship (MBA Concentration)

Strategic Initiative 3 (w/CGLS)

Social Innovation

Strategic Initiative 1(w/OHSU)

Lab2Market

“Graduation” to PSU Business

AcceleratorJob Creation

Graduates with an Entrepreneurial

Mindset

Prototypes Sustainable Regional

Development

LAUNCH SERVICESSocial Innovation Incubator (SI2)

Thank you!

PPT’s will be on the sba web site

Any Questions???

Next Teaching Brown Bag will be an overview of the Center for Academic Excellence Programs. March 9th in SBA 390.