Key Partner for Your Entrepreneurial Program: Your College Foundation
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Key Partner for Your Entrepreneurial Program: Your College Foundation
description
Key Partner for Your Entrepreneurial Program: Your College Foundation. Goals of today’s session:. Create a cross-functional team to align goals of community college, government, economic development and other institutions. - PowerPoint PPT Presentation
Transcript of Key Partner for Your Entrepreneurial Program: Your College Foundation
Key Partner for Your Entrepreneurial Program: Your College Foundation
Goals of today’s session:
1. Create a cross-functional team to align goals of community college, government, economic development and other institutions.
2. A framework for a mentorship program utilizing foundation members and support.
3. Utilize alumni to fund programs, not capital needs.
How do you “use” your Foundation?
1. Create a cross-functional team to align goals of community college, government, economic development and other institutions.
2. A framework for a mentorship program utilizing foundation members and support.
3. Utilize alumni to fund programs, not capital needs.
• Business Community 99.2%• College President 93.0%• Alumni
76.7%• Board of trustees 73.6%• Other college administrators 48.8%• Government
42.6%• Non-profit community 34.1%• Faculty
31.8%• Staff
23.3%• Students
17.1%
What interests
are represented
on a foundation
board?
• Scholarship• Capital Improvements• Educational opportunities• Technology• Revitalizing the community
What does
the foundation
use the $ for?
1. Create a cross-functional team to align goals of community college, government, economic development and other institutions.
2. A framework for a mentorship program utilizing foundation members and support.
3. Utilize alumni to fund programs, not capital needs.
Mentor Workbook• Goals – What are we looking for?• Students – Who are they?• Course Structure – Path • Resources – How we do it?• Role of Mentors – Time, responsibilities, etc.• Who Should Be a Mentor? – Is it right for you?
Worksheets• New Mentor Information Sheet – Who are you?• Mentor Assignment – Who gets who?• Mentor Summary – Team listing of assignments?• Mentor Update – How is the team doing?
1. Create a cross-functional team to align goals of community college, government, economic development and other institutions.
2. A framework for a mentorship program utilizing foundation members and support.
3. Utilize alumni to fund programs, not capital needs.
• People• Program• Place
How to Mentor by TechStars• Be socratic.• Expect nothing in return (you’ll be delighted with what you do get back).• Be authentic / practice what you preach.• Be direct. Tell the truth, however hard.• Listen too.• The best mentor relationships eventually become two-way.• Be responsive.• Adopt at least one company every single year. Experience counts.• Clearly separate opinion from fact.• Hold information in confidence.• Clearly commit to mentor or do not. Either is fine.• Know what you don’t know. Say I don’t know when you don’t know. “I don’t know” is preferable to bravado.• Guide, don’t control. Teams must make their own decisions. Guide but never tell them what to do. • Accept and communicate with other mentors that get involved.• Be optimistic.• Provide specific actionable advice, don’t be vague.• Be challenging/robust but never destructive.• Have empathy. Remember that startups are hard.
