Modern Measurement of University-Based Entrepreneurship
-
Upload
onemind-health-inc -
Category
Business
-
view
140 -
download
1
description
Transcript of Modern Measurement of University-Based Entrepreneurship
![Page 1: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/1.jpg)
MODERN MEASUREMENT OF 21st CENTURY
UNIVERSITY-BASED ENTREPRENEURSHIP
UEDA Annual Summit 23 Oct 2012
Mike Provance, Ph.D.
@mikeprovance ⋅ [email protected]
![Page 2: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/2.jpg)
The Startup Process
System of activities involved in mapping creativity to need, and both to economic value People, ideas, technology – in that order
– “Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.” - Einstein
![Page 3: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/3.jpg)
The Startup Process
How does it differ for university-based startups?
– Small business inside a bureaucratic organization
– Higher levels of scrutiny, numbers of stakeholders
– Management talent gaps
– Commercialization chasm
![Page 4: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/4.jpg)
Startup Success
How do university-based startups look at success?
– Jobs are not a measure of success; they are [the] factors of growth
– First sale
– Reputation & credibility
– Survival
Diversity of source, form complicate measurement
![Page 5: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/5.jpg)
Startup Success
UNIVERSITY-BASED ENTREPRENEURSHIP
THE FORMAL APPROACH THE INFORMAL APPROACH
⋅ Tech Transfer ⋅ Training Programs ⋅ Incubators
⋅ Class Projects ⋅ Clubs ⋅ Labs, Cafes, and
Hallways ⋅ Catalyst programs ⋅ Entrepreneurs-in-residence ⋅ Long-form mentoring ⋅ Ecosystems/networks
![Page 6: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/6.jpg)
Startup Success
greenlitelabs.com
⋅ Funding is an important metric, but…
⋅ Not a measure of success
⋅ Measures the quality of people, ideas & technology assembled
![Page 7: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/7.jpg)
Engaging the Institution & Community
Trends in University-Based Entrepreneurship
– Collaborations between University & Community
– Tension between Quantity & Quality
– Increasing Speed & Variety
![Page 8: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/8.jpg)
Engaging the Institution & Community
Align to institutional objectives & outcomes – Modifying expectations of institution
• Longer payoff horizons, lower upfront • Ownership dilution
– Investing in potential • Remove focus on jobs, place on growth targets • Building ecosystem to supply management • ‘Privatizing’ the spinoff process
![Page 9: Modern Measurement of University-Based Entrepreneurship](https://reader036.fdocuments.us/reader036/viewer/2022083002/55859490d8b42ad06d8b4b42/html5/thumbnails/9.jpg)
?