{"id":203748,"date":"2015-02-20T20:29:21","date_gmt":"2015-02-20T20:29:21","guid":{"rendered":"http:\/\/d45h139.public.uconn.edu\/sites\/news\/?p=20034"},"modified":"2015-02-20T20:29:21","modified_gmt":"2015-02-20T20:29:21","slug":"student-entrepreneurship-is-on-the-fast-track-university-leaders-say","status":"publish","type":"post","link":"https:\/\/today.uconn.edu\/2015\/02\/student-entrepreneurship-is-on-the-fast-track-university-leaders-say\/","title":{"rendered":"Student Entrepreneurship is on the Fast Track, University Leaders Say"},"content":{"rendered":"<p><em>By <a href=\"http:\/\/www.business.uconn.edu\/author\/cmh11012\/\">Claire Hall<\/a><\/em><\/p>\n<p>Courtesy, UConn School of Business<\/p>\n<p>When Management Professor Rich Dino started a course that helps non-business majors write a business plan, it filled almost instantly. He scheduled two more classes, and the same thing happened.<\/p>\n<p>\u201cThis semester I have students majoring in everything from physics to music, and their different views enhance the class,\u201d Dino said. \u201cThe doors are open to anyone with ideas.\u201d<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-20030 alignleft img-responsive lazyload\" data-src=\"http:\/\/d45h139.public.uconn.edu\/sites\/news\/wp-content\/uploads\/2015-02-13_consortium1.jpg\" alt=\"2015-02-13_consortium[1]\" width=\"300\" height=\"200\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/200;\" \/>Meanwhile, in the Nursing Department, Dean Regina Cusson created a \u201cShark Tank\u201d-like competition for seniors who have ideas for improving patient care in a clinical setting. This year, 18 students are vying for the top prize.<\/p>\n<p>\u201cIt has really changed the way they think of themselves\u2014as leaders,<br \/>\n as change-agents,\u201d she said. \u201cMy dream is to offer this type of <br \/>\n program starting freshman year.\u201d<\/p>\n<blockquote>\n<p><em>\u201cWith this exchange of ideas, I\u2019m sure that we will be able to have a bigger entrepreneurial impact.\u201d<\/em><\/p>\n<p><em>&#8211; Kathy Rocha, managing director of the Consortium<\/em><\/p>\n<\/blockquote>\n<p>Innovation and entrepreneurship are hot topics on campus, said the two dozen UConn leaders who attended the inaugural meeting of the Entrepreneurship and Innovation Consortium on Jan. 28. In fact, within weeks of arriving on campus, \u00a0freshmen are looking for opportunities to create new products, share ideas and explore business concepts.<\/p>\n<p>The Consortium\u2019s purpose is to provide a coherent vision of UConn\u2019s entrepreneurial efforts, as well as inspire, support and encourage inventive and creative business ventures, simplify the start-up and grant-seeking process, and introduce potential business partners. The kickoff meeting provided information about a vast variety of programs on campus, ranging from an upcoming Innovation Quest competition to free legal help for business start-ups.<\/p>\n<p>One speaker after another described, with great enthusiasm, the creativity, imagination and marketable potential of the ideas that students have presented to them.<\/p>\n<p>\u201cI was really delighted by how much is going on. I\u2019m extremely optimistic about the collaboration that can occur,\u201d said John A. Elliott, dean of the School of Business. He added that he was impressed by the availability of resources for students, faculty and other start-ups affiliated with the University. \u201cThere is a great appetite for business knowledge. Our challenge is to serve the demand.\u201d<\/p>\n<p>Among the new projects that UConn is launching, or considering, are:<\/p>\n<ul>\n<li>Creating a pre-seed Equity Fund for student entrepreneurs;<\/li>\n<li>Exploring a minor in entrepreneurship to offer more competitive advantages for students;<\/li>\n<li>Partnering with Yale University for the Yale Hackathon, where students will pitch ideas and learn business concepts; and<\/li>\n<li>Creating an Innovation Club.<\/li>\n<\/ul>\n<p>Management Professor Timothy Folta, the Thomas John and Bette Wolff Family Chair of Strategic Entrepreneurship and director of UConn\u2019s Connecticut Center for Entrepreneurship and Innovation (CCEI) at UConn, serves as co-director of the Consortium with Hadi Bozorgmanesh, professor-in-residence in the School of Engineering.<\/p>\n<p>\u201cOne of the founding principles of the consortium is that there is potential to be more effective for our own missions and stakeholders when we work together, when we are aware of each member\u2019s special capabilities\u2026and when we seek to leverage each other\u2019s strengths,\u201d Folta said in opening remarks at the meeting. \u201cWe are probably all here because we believe there is great potential for a win-win scenario. The consortium\u2019s primary emphasis is to help create such an environment.\u201d<\/p>\n<p>Kathy F. Rocha, managing director of the Consortium, said she was pleased that experts from different fields were getting acquainted and brainstorming ways in which they could offer assistance. Other key university leaders in attendance were: Kazem Kazerounian, dean of the School of Engineering; Larry Silbart, vice provost for strategic initiatives; Greg Gallo, director of technology licensing at UConn, and Martha Bedard, vice provost for UConn libraries.<\/p>\n<p>\u201cThis was an excellent kickoff with everyone getting the opportunity to meet each other and appreciate all that\u2019s going on,\u201d\u00a0Rocha said. \u201cWith this exchange of ideas, I\u2019m sure that we will be able to have a bigger entrepreneurial impact.\u201d<\/p>\n<p>Michelle Cote, managing director of CCEI, said the center serves students, faculty and UConn-affiliated ventures. In addition to a faculty- and grad student- workshop series, it is redesigning and launching an accelerator program and getting ready to launch startup venture grants and fellowships. She expects CCEI to support a large demand for life sciences and values-driven ventures.<\/p>\n<p>Folta said he was more optimistic than ever that the consortium will lead to new patents, new ideas, greater collaboration and a sense of excitement on campus.<\/p>\n<p>Participants highlighted many campus resources that benefit entrepreneurs, including:<\/p>\n<ul>\n<li>The annual <a href=\"http:\/\/innovationquest.uconn.edu\/\"><strong><span style=\"color: #000080;\">Innovation\u00a0Quest (iQ)<\/span><\/strong><\/a>\u00a0competition each February provides an intensive business coaching experience in which with the winner ultimately gets cash prizes and introductions to venture capitalists;<\/li>\n<li>A campus \u201cInnovation House\u201d living\/learning center in Belden Hall attracts serious innovators; while a new STEM dorm opening in Fall 2016 includes plans for an \u2018innovation zone&#8217;;<\/li>\n<li>A U-Create pilot program for freshmen is developing a spirit of creativity among incoming students;<\/li>\n<li>IDEA Grants are available for undergraduates with original, creative and artistic endeavors and research projects;<\/li>\n<li>UConn technology incubators offer expertise on patenting, licensing and start-ups and are expanding rapidly, supporting businesses ranging from medical products to hydroponics;<\/li>\n<li>Plans are underway to create an Excellence in Innovation Award;<\/li>\n<li>Students and faculty have access to business legal advice through attorneys in the IP Law Clinic;<\/li>\n<li>Experts in accessing capital can be found at the Connecticut Small Business Development Center, housed within the School of Business;<\/li>\n<li>The <strong><a title=\"Entrepreneurship Bootcamp for Veterans with Disabilities\" href=\"http:\/\/www.business.uconn.edu\/staff\/entrepreneurship-bootcamp-for-veterans-with-disabilities\/\"><span style=\"color: #000080;\">Entrepreneurship Bootcamp for Veterans with Disabilities<\/span><\/a>\u00a0<\/strong>offers an annual, intensive business-creation program for veterans, and is also launching a series of veteran-outreach certificate programs this spring.<\/li>\n<li>The Third Bridge Grant provides early stage funding to entrepreneurial engineering students who are trying to commercialize their own innovation.<\/li>\n<li>The University\u2019s <a title=\"Sustainable Community Outreach and Public Engagement (SCOPE)\" href=\"http:\/\/www.business.uconn.edu\/staff\/scope\/\"><strong><span style=\"color: #000080;\">SCOPE<\/span><\/strong><\/a> program offers social-entrepreneurship programs that include student enterprise experiences in Guatemala, and supports the local chapter of the Net Impact organization.<\/li>\n<li>The Connecticut Center for Entrepreneurship and Innovation is providing value-added services to UConn startups and to help students develop and practice entrepreneurial skills, including early-stage funding via venture-creation grants, summer fellowships and stipends; expertise and assistance from student consultants and professional mentors and entrepreneurial skills training via venture creation workshops.<\/li>\n<\/ul>\n<p>Paul Parker, a project\/program specialist in the Technology Incubation Program at UConn, said he was surprised at the breadth of expertise that exists on campus.<\/p>\n<p>\u201cBy coordinating our efforts and getting more students involved, we will go a long, long way,\u201d he predicted.<\/p>\n<p><em>For more information on the Consortium, please visit <a href=\"http:\/\/www.entrepreneurship.uconn.edu\/\"><span style=\"color: #000080;\">www.entrepreneurship.uconn.edu<\/span><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Entrepreneurship and Innovation Consortium takes off<\/p>\n","protected":false},"author":122,"featured_media":24144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"wds_primary_series":0,"wds_primary_attribution":0,"footnotes":""},"categories":[1866],"tags":[],"magazine-issues":[],"coauthors":[],"class_list":["post-203748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-engr"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-02 07:26:41","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/203748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/comments?post=203748"}],"version-history":[{"count":0,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/203748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/"}],"wp:attachment":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/media?parent=203748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/categories?post=203748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/tags?post=203748"},{"taxonomy":"magazine-issue","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/magazine-issues?post=203748"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/coauthors?post=203748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}