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Key Partner for Your Entrepreneurial Program: Your College Foundation

Key Partner for Your Entrepreneurial Program: Your College Foundation. Goals of today’s session:. Create a cross-functional team to align goals of community college, government, economic development and other institutions.

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Key Partner for Your Entrepreneurial Program: Your College Foundation

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  1. Key Partner for Your Entrepreneurial Program: Your College Foundation

  2. Goals of today’s session:

  3. Create a cross-functional team to align goals of community college, government, economic development and other institutions. • A framework for a mentorship program utilizing foundation members and support. • Utilize alumni to fund programs, not capital needs.

  4. How do you “use” your Foundation?

  5. Create a cross-functional team to align goals of community college, government, economic development and other institutions. • A framework for a mentorship program utilizing foundation members and support. • Utilize alumni to fund programs, not capital needs.

  6. Business Community 99.2% • College President 93.0% • Alumni 76.7% • Board of trustees 73.6% • Other college administrators 48.8% • Government 42.6% • Non-profit community 34.1% • Faculty 31.8% • Staff 23.3% • Students 17.1% What interests are represented on a foundation board?

  7. Scholarship • Capital Improvements • Educational opportunities • Technology • Revitalizing the community What does the foundation use the $ for?

  8. Create a cross-functional team to align goals of community college, government, economic development and other institutions. • A framework for a mentorship program utilizing foundation members and support. • Utilize alumni to fund programs, not capital needs.

  9. Goals – What are we looking for? • Students – Who are they? • Course Structure – Path • Resources – How we do it? • Role of Mentors – Time, responsibilities, etc. • Who Should Be a Mentor? – Is it right for you? Mentor Workbook

  10. New Mentor Information Sheet – Who are you? • Mentor Assignment – Who gets who? • Mentor Summary – Team listing of assignments? • Mentor Update – How is the team doing? Worksheets

  11. Create a cross-functional team to align goals of community college, government, economic development and other institutions. • A framework for a mentorship program utilizing foundation members and support. • Utilize alumni to fund programs, not capital needs.

  12. People • Program • Place

  13. Thank you John@johnliddy.com

  14. How to Mentor by TechStars • Be socratic. • Expect nothing in return (you’ll be delighted with what you do get back). • Be authentic / practice what you preach. • Be direct. Tell the truth, however hard. • Listen too. • The best mentor relationships eventually become two-way. • Be responsive. • Adopt at least one company every single year. Experience counts. • Clearly separate opinion from fact. • Hold information in confidence. • Clearly commit to mentor or do not. Either is fine. • Know what you don’t know. Say I don’t know when you don’t know. “I don’t know” is preferable to bravado. • Guide, don’t control. Teams must make their own decisions. Guide but never tell them what to do. • Accept and communicate with other mentors that get involved. • Be optimistic. • Provide specific actionable advice, don’t be vague. • Be challenging/robust but never destructive. • Have empathy. Remember that startups are hard.

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