Experiences of Successful Center Directors - Baylor University

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EXHIBITS 177 THE W.W. CARUTH CHAIR IN ENTREPRENEURSHIP 177 Statement of Mission and Responsibilities 177 Mission 177 Responsibilities 177 INNOVATION EVALUATION PROGRAM 184 SCHEMATIC DRAWING OF RENTEC 185 RELATIONSHIPS AMONG RENSSELAER’S ENTREPRENEURSHIP INITIATIVES 186 ORGANIZATIONAL CHART OF THE UNIVERSITY OF COLORADO AT BOULDER 187 16
INTRODUCTION The number of colleges and universities interested in creating an entrepreneurship program continues to increase. There may be as many as 400 business schools offering entrepreneurship courses and 125 with organized programs. 1 A first step for many of these schools is to contact established programs and request brochures, syllabi and “anything you think might help us.” The second is to pick the brains of the directors of these programs. Out of the plethora of programmatic details they receive, the school tries to piece together a “state of the art” entrepreneurship program. The purpose of this book is to provide you with two things: personal interviews with your colleagues who run the top entrepreneurship programs in the United States and a series of “best practices” culled from these programs. This book should allow you not only to jump start your program but also set it on the path of growth and permanence. The schools or programs involved in this project are considered among the best. They were chosen through a survey process which included aspects such as longevity, size, unique aspects and impact upon the field. They represent a wide variety of communities and student bodies. Included in this book you will find information about their curriculum, outreach and research. The schools and programs include: 1. Babson College 2. Baylor University 3. Carnegie Mellon 4. IC 2 Institute 5. Rensselaer Polytechnic Institute 6. University of Colorado at Boulder 7. University of Illinois at Chicago 8. University of Maryland at College Park 9. University of Pennsylvania, Wharton School The interview questions were developed based on input by the directors. We asked “What are the questions you are most frequently asked?” Therefore, you will find brief histories of each program, a description of the components of the program, key success factors and advice on how to start one today. Since there is some discussion as to what actually constitutes a program, we added that to the discussion. It is to be hoped that too much information is provided—too much detail. Also included is a classic writing from a pioneer in the field. In October of 1984, Donald Sexton penned a report on how the Baylor program was started, the key 17
Page 1 and 2: Successful Experiences of Entrepren
Page 3 and 4: Faculty and Staff 36 Funding 36 End
Page 5 and 6: Research 69 Entrepreneurship Resear
Page 7 and 8: REASONS TO START A CENTER OR PROGRA
Page 9 and 10: RENSSELAER POLYTECHNIC INSTITUTE 11
Page 11 and 12: Funding 135 Operating Funds 135 Gra
Page 13 and 14: GROWTH AND MAINTENANCE ISSUES 155 F
Page 15: Year Started/Size 170 Faculty/Staff
Page 19 and 20: THUMBNAIL SKETCH OF PROGRAMS BABSON
Page 21 and 22: BAYLOR UNIVERSITY: 1997 Nancy Upton
Page 23 and 24: IC 2 INSTITUTE AT THE UNIVERSITY OF
Page 25 and 26: UNIVERSITY OF COLORADO AT BOULDER D
Page 27 and 28: UNIVERSITY OF MARYLAND AT COLLEGE P
Page 29 and 30: BEST PRACTICES IN ENTREPRENEURSHIP
Page 31 and 32: ■ Successful programs do not have
Page 33 and 34: Rice suggests a three-step approach
Page 35 and 36: BABSON COLLEGE THE DIRECTOR AND THE
Page 37 and 38: THE COMPONENTS OF YOUR PROGRAM Outr
Page 39 and 40: from the beginning, knew Karl Vespe
Page 41 and 42: enal success. Before the first year
Page 43 and 44: want reinforcement. So let us see i
Page 45 and 46: Another way of getting a center is
Page 47 and 48: Babson is obsessed with teaching qu
Page 49 and 50: Family Business Management This cou
Page 51 and 52: ENDOWED CHAIRS IN ENTREPRENEURIAL S
Page 53 and 54: Innovations in Financing. (with J.
Page 55 and 56: Major Unique, Creative and Innovati
Page 57 and 58: Contact with the students does not
Page 59 and 60: Unique Teaching Approach Both the u
Page 61 and 62: and the number of colleges and univ
Page 63 and 64: ship program early in the developme
Page 65 and 66: BAYLOR UNIVERSITY: 1997 THE DIRECTO
Page 67 and 68:
Funding receptionist. Another progr
Page 69 and 70:
usiness area. We found that their n
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family business. And so that is par
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WHAT WERE THE KEY SUCCESS FACTORS I
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Money so. When John Boyd finishes h
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The web page is very important. In
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or, if you are a land grant univers
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Skills and Behavior of the Entrepre
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ENDOWED POSITIONS IN ENTREPRENEURSH
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Dr. William Petty, Caruth Professor
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holding full-time teaching position
Page 89 and 90:
Funding Endowment We have $1.5 mill
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always full and it is a profit make
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difficult to get students started o
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All of this provides the basis for
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Other Focus Areas Technology and En
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Project in the Commercialization of
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STATISTICS ABOUT CENTER/PROGRAM Yea
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experiential learning as this is an
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things like that. Given that IC 2 i
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that curriculum with something like
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Sample Executive Development Progra
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Cooperative Activities with Brazil
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RENSSELAER POLYTECHNIC INSTITUTE TH
Page 115 and 116:
If there was a single point in time
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THE COMPONENTS OF YOUR PROGRAM Outr
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So the core group under the super u
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Curriculum can take your research i
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that the people with a lot of money
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to take more responsibility for the
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ter, which would throw off $150,000
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what we think the reality is? Are w
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Additional Courses Required for MBA
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learn, in response to and utilizing
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STATISTICS ABOUT CENTER OR PROGRAM
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Research Roundtable Breakfast Progr
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There is no push to integrate acros
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Mary Beth Lewis, Wild Oats Markets,
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with the faculty. Then I went out a
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y many that I would be frustrated,
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COURSE OFFERINGS AT THE CU CENTER F
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STATISTICS ABOUT THE CENTER/PROGRAM
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women-owned businesses with resourc
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We’ve gone through a major revisi
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Raising Research Money Research dep
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New Venture Financing This course i
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UNIVERSITY OF MARYLAND, COLLEGE PAR
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generates about $150,000 a year in
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Curriculum tions—sort of mini-ven
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Independence from Bureaucracy Anoth
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Academic Research Outreach We will
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gies, financing for rapid growth an
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THE COMPONENTS OF YOUR PROGRAM Curr
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REASONS TO START ONE TODAY The reas
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ANY OTHER SUGGESTIONS FOR THOSE STA
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EXHIBITS THE W.W. CARUTH CHAIR IN E
Page 179 and 180:
SCHEMATIC DRAWINGS FOR RELATIONSHIP
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Entrepreneurship Research Thrusts L
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Venture Assistance Program Pre-Vent
Page 185 and 186:
SCHEMATIC DRAWING OF RENTEC Technol
Page 187:
ORGANIZATIONAL CHART OF THE UNIVERS
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