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![Page 1: Making Accelerators a vital part of your entrepreneurship ecosystem Kevin Gadd, Ohio State Lynn Gellermann, Ohio University.](https://reader036.fdocuments.us/reader036/viewer/2022062518/56649de65503460f94adeea7/html5/thumbnails/1.jpg)
Making Accelerators a vital part of your
entrepreneurship ecosystem
Kevin Gadd, Ohio StateLynn Gellermann, Ohio University
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Lynn Gellermann
• Executive Director, Ohio University Center for Entrepreneurship
• TechGROWTH Ohio• Venture Capitalist
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Kevin Gadd
• OSU Center for Entrepreneurship Advisory Board Member
• Entrepreneurship Professor– From foundation to acceleration
• Commercialization Director• Serial Entrepreneur
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Rufus and Brutus
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We have more questions than answers!
Please stop us with questions or suggestions
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![Page 7: Making Accelerators a vital part of your entrepreneurship ecosystem Kevin Gadd, Ohio State Lynn Gellermann, Ohio University.](https://reader036.fdocuments.us/reader036/viewer/2022062518/56649de65503460f94adeea7/html5/thumbnails/7.jpg)
We Believe
A successful university accelerator is not an isolated program. It is the result of carefully planned and consistent steps in the student’s lifecycle.
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Kauffman Agrees
“Finally, at the funnel’s narrow spout, the emphasis shifts to concentrating resources and instruction on the students who seem most likely to succeed.”
“Entrepreneurship education comes of age on campus”, 2013, Kauffman Foundation
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Ecosystem Pillars
Ecosystems that support entrepreneurship, innovation and technology commercialization must be built collaboratively by industry, higher education and government leaders.
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Center for Entrepreneurship
Academic Programs• Major for Business
Students• Certificate for Non-
Business Students• Appalachian Scholars
Program• Multi-Disciplinary,
Cross-Campus• Research
Student Engagement• Guest Lecture Series• Student Clubs and
Fraternity Chapter• Venture Café• Hatchery• Pitch Competitions• StartUp Weekends• Innovation Engine
Accelerator
Commercialization & Business
Development• TechGROWTH Ohio• EIRs• Seed Funds• Angel Funds• PTAC• SBDC
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Innovation Engine AcceleratorBy the Numbers:
• 6 startup teams from 5 colleges & 2 universities;
• 12 week entrepreneurial “boot camp”• Up to $20K in startup funding per
team• Over 50 mentors providing subject
expertise
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Innovation Engine AcceleratorLean StartUp Modules led by venture capitalists Tom Parkinson and Lynn Gellermann using the learning platform of Venture Highway
• Module 1: Lean StartUp Concepts• Module 2: Value Proposition & Customer Segments• Module 3: Customer Discovery• Module 4: Channel Strategies• Module 5: Customer Discovery (2)• Module 6: Market Research• Module 7: Revenue Models• Module 8: Resources & Activities• Module 9: Entrepreneurial Selling & Strategic Alliances• Module 10: Financial Projections• Module 11: Finding & Dealing with Investors
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Business Model Canvas
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• Vital to University and Community Culture
• Way of Thinking• Method of Learning• Preparation for Leading • Can Apply to Public and Social Sectors• Scale via Hybrid Seminar or Classroom
Delivery
What We Learned
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OSU 10X
• Partnership with State of Ohio, ONE Fund• Techstars Affiliate (GAN)• 4th edition going on now– ~450 applications– 39 teams selected – $20,000 per team 12 week program– >$7MM million raised in follow on funding
• Strong community collaboration• Not just OSU students
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E-Ship Funnel
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Foundations of E-ship
• Student entry point into the funnel• Emphasis on theory, practice, tools• Fundamentals carry forward• Valuable skills for any career• Begins to ignite their passion• What percentage will continue??
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Foundations of E-ship
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Business Plan Builder
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Foundation’s Role
“…we see a large part of our role as exposing students to entrepreneurship and helping them to learn and decide for themselves if they would like to be an entrepreneur or to play some other role.”
“Entrepreneurship education comes of age on campus”, 2013, Kauffman Foundation
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Minors and Majors
• Biggest opportunity in the funnel• Should include other academic areas• Ecosystem is critical for these students– Mentors and Alumni
• Program consistency is critical– Not tied to one person
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Accelerator Class
• Business Model Canvas• Lean Startup• Customer Development• Learning Maps• Accredited Course• Not all are fully committed
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BUS-MHR 3452
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Venture Accelerator
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Business Model Canvas
![Page 29: Making Accelerators a vital part of your entrepreneurship ecosystem Kevin Gadd, Ohio State Lynn Gellermann, Ohio University.](https://reader036.fdocuments.us/reader036/viewer/2022062518/56649de65503460f94adeea7/html5/thumbnails/29.jpg)
Learning Maps
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Dashboard
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Institutional Knowledge
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VH Platform
• Real meaningful results• Flexibility is the key…• Identify opportunities for program
growth and improvement• All materials for the program in one
place• Students keep all of it for later use
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We Believe
A successful university accelerator is not an isolated program. It is the result of carefully planned and consistent steps in the student’s lifecycle.
![Page 34: Making Accelerators a vital part of your entrepreneurship ecosystem Kevin Gadd, Ohio State Lynn Gellermann, Ohio University.](https://reader036.fdocuments.us/reader036/viewer/2022062518/56649de65503460f94adeea7/html5/thumbnails/34.jpg)
Discussion Time
• What questions do you have?• What suggestions do you have?• Or, we can talk football