Entrepreneurial Institute Concept Presented by Susan K. Jones and Shirish Grover on behalf of FerrisFirst! SPARC Meetin

1. Entrepreneurial Institute Concept Presented by Susan K. Jones and Shirish Grover on behalf of FerrisFirst! SPARC Meeting July 12, 2011

2. Background and Rationale ● All other public universities in Michigan have some form of Entrepreneurial institute, center or program – Ferris does not – a “glaring gap” ● Entrepreneurial and Innovation skills are vital for the Workforce of Tomorrow (see Anne Saliers comments in white paper) ● West Michigan/Grand Rapids is a hotbed of entrepreneurship from Meijer and Amway to scores of locally owned and run manufacturing and service firms – many potential sources of support (see next slide)

3. Sources of Support: West Michigan Economic Development Organizations

4. Background and Rationale, continued ● A way to encourage Ferris graduates to sink deep roots in Michigan – and/or to explore global opportunities for entrepreneurship ● A fertile “naming opportunity” for one or more FSU supporters/alumni who are entrepreneurs ●To differentiate and to gain support from various publics, our Institute must be unique. How so?

5. Uniqueness based on Ferris State’s Strengths ● Cross-Disciplinary – Most every college at Ferris can contribute and participate (All other such Michigan institutes and programs are encapsulated in a College of Business or College of Engineering/Technology) ● Global – The Entrepreneurial Institute and the Center for Global Studies and Engagement will work together

6. Getting Started – First Steps ● “Quick Win” – Campus-Wide Entrepreneurial Speakers’ Series as early as Fall 2011 ● Curricular Innovation – Cross-Disciplinary Certificate, Minor and eventually Bachelor’s Degree in Entrepreneurial Studies (BES) – more information available upon request ● Structure and Support – Recruit cross-disciplinary faculty team to develop these curricula and provide ideas for speakers across many disciplines

7. Competitive Research Professor Shirish Grover will present results of his research into existing entrepreneurial programs in Michigan and beyond

8. Framework For Comparison Framework For Comparison • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

9. Framework For Comparison Within Michigan • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

10. Framework For Comparison Our Neighbors • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

11. Framework For Comparison Top 25 Undergraduate Programs Nationwide • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

12. Framework For Comparison Top 25 Graduate Programs Nationwide • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

13. Framework For Comparison Recommendations • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area • Entrepreneurship Certificate: Graduate and Undergraduate • Emphasis on experiential learning • Cross functional course content • Trends and opportunities • Local, regional and global • Competitive opportunities for funding new ventures

14. Framework For Comparison • Minor and Bachelors in Entrepreneurial Studies • Internship • Venture Capital • Seminar on Entrepreneurship • History, Philosophy, Cross Cultural elements • Entrepreneurial Law, Economics, Marketing, Management • Special Topics • Innovation and Technology • New Media • E-Commerce • Global Entrepreneurship • Corporate Entrepreneurship • Social Entrepreneurship • Our direct competition within the state of Michigan. • Programs/Institutions in neighboring states. • A cross section from the top 25 programs in Entrepreneurship nationwide, as rated by Entrepreneur Magazine(http://www.entrepreneur.com/topcolleges/undergrad/0.html) • Reputed institutions with known interest in this area

15. Entrepreneurial Institute Concept Questions? Ideas? Comments?