Gensler: Academic Incubators

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© 2015 Gensler Academic Incubators: Garage innovation meets higher education

Transcript of Gensler: Academic Incubators

© 2015 Gensler

Academic Incubators: Garage innovation meets higher education

© 2015 Gensler

The traditional model of graduating college and finding a job has been turned upside down. Are today’s universities preparing students for lifelong learning and to succeed in the workforce?

© 2015 Gensler

Today’s tech success stories are idolized by millennials... And were also famously founded by college drop-outs.

*Pew Research: http://www.pewresearch.org/fact-tank/2014/05/30/5-facts-about-todays-college-graduates** **Federal Reserve Bank of New York: http://www.newyorkfed.org/research/current_issues/ci20-1.pdf

$25,000

© 2015 Gensler

The number

of young people making less than

$25,000 has spiked to the highest level since

the 1990s.*

44% of college grads in their

20s are stuck in low-wage, dead-end jobs.**

The recession has put millennials in the corner.

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27% of millennials are

already self- employed.*

Millennials launched almost

160,000 startups each month

in 2011.*

Rather than looking for jobs, they’ve turned to creating them.

*Ewing Marion Kauffman Foundation and Young Invincibles (2011) Young InvinciblesPolicy Briefing. http://www.kauffman.org/newsroom/millennials-want-to-start-companieswhen-economy-rebounds-poll-says.aspx

© 2015 Gensler

*US Chamber of Commerce**Kauffman Foundation - http://www.kauffman.org/newsroom/2012/11/an-entrepreneurial-generation- of-18-to-34yearolds-wants-to-start-companies-when-economy-rebounds-according-to-new-poll

92% of millennials want increased access to education & training

needed start a small business.** 50% of students

in entrepreneurship curriculum are unsatisfied.*

60% of millennials are interested in

entrepreneurship.*

The desire to create is there; what’s missing are the resources and connections

© 2015 Gensler

Academic incubators can fill this gap.

What is an academic incubator?

A new kind of place

Designed to spark strategic partnerships

between academia and industry; a

place to test and grow ideas.

They connect students to start-

ups, investors, and institutions they

might not otherwise encounter.

Academic incubators provide the community, resources, and physical

environments that empower entrepreneurial

leaps. © 2015 Gensler

To foster a permanent connection

between industry and academia

To retain entrepreneurial

students, faculty, and researchers

To remain competitive

To maintain relevance

Why are universities building them? Today’s university students don’t just want degrees; they want to launch their own businesses.

© 2015 Gensler

© 2015 Gensler

Share ideas. Make mistakes. Work hard. Change the world.

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Depending on their unique mission and vision, incubators may include:

co-working spaces maker spaces cafés

conference rooms lab spaces mentors concierge services

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Incubators merge garage innovation with an academic and business foundation.

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dreamers

angel investors

...and more

venture capitalists

tinkerersfree

agents

programmers

entrepreneurs

designers

Who uses incubator spaces?Incubators are worlds unto themselves, ecosystems populated by the curious and inquisitive, and not limited to students.

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Students who want to connect to the professional world

Research organizations seeking people who think in entrepreneurial ways

Companies looking to recruit top talent

Who uses incubator spaces?

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Industry:• Mine intellectual capital

• Recruit talent• Access to cutting-edge

research, without fully funding it

Cities:• Position as an innovation hub

• Attract businesses• Spark new start-ups that

bring jobs

Universities:• Relevance

• Attract the best students

What benefits do incubators offer?

How does design impact the success of an incubator?

Generates the right type of connections and interactions

for cross-pollination

Provides an exciting, inspirational environment

Encourages serendipitous collaboration

Enables flexibility, yet not so flexible nobody knows what to do with it

Offers students cues for how to use the space © 2015 Gensler

© 2015 Gensler

Successful incubators are designed around the activities you want to happen inside.

© 2015 Gensler

For more information on Academic Incuabors:

www.Gensler.com/education