Entrepreneurial Activities at PSU

1. Entrepreneurial Activities at PSU Feb 9th, 2010

2. Kaufman Foundation We recognize that university environments are natural breeding grounds for creativity, the exchange of ideas, and new ways of looking at and studying things. Colleges and universities have embraced entrepreneurship, making it the fastest-growing field of study on campus …. (www.kaufman.org)

3. Overview • Intro to Business (BA 101) • Business Outreach Program: Lara Damon (http://www.sba.pdx.edu/bop/index.php) • Social Entrepreneurship:Cindy Cooper (http://sba.pdx.edu/sii/) • PSU Business Accelerator:Chris Axtell (http://www.psba.pdx.edu/) • Center for Entrepreneurship: Melissa Appleyard (appleyar@pdx.edu) •    Q and A

4. BA 101 • 20 sections per year, required for business major and minor. • Group project to develop a start up business plan. • “Four in 10 young people have or would like to start their own business someday.” • “Those who want to have their own business say their top reasons are to use their skills and abilities (92 percent), build something for their future (89 percent), be their own boss (87 percent), see their ideas realized (81 percent) and earn lots of money (85 percent).” Harris Interactive’s 2007 YouthPulseSM

5. Business Outreach Program • The Business Outreach Program’s mission is to help small businesses including, emerging, minority and women-owned businesses, achieve their potential while providing students with opportunities for community based-learning. • Annually Serving: • 60 locally owned small businesses located in the Portland (approximately) • 80% of clients are existing businesses • 72% of clients are Minority or Women-Owned businesses • Over 60% of clients are low income individuals (based on 50% or below median income of Portland area • 60 PSU students acting as student consultants serving up to 15 business clients • 2-4 PSU SBA student interns employed by BOP to serve clients

6. Services Available: Business and marketing plan development Business analysis Accounting setup and training – QuickBooks Marketing analysis and strategy development Brand development Human resource management Pro Bono legal services Loan readiness preparation Resources Delivery of Services: Counselors Student Consulting Teams Student Interns Business Development Workshops Business Outreach Program

7. Social Entrepreneurship Using the power of entrepreneurial innovation to tackle social and environmental problems.

8. Social Innovation Incubator Customized support to: • Reduce search costs • Reduce time to market • Avoid pitfalls / learn from experience • Persist = Increase likelihood of success

9. Social Innovation Incubator

10. Social Innovation Incubator • 2 intrapreneurial projects • RITS: web-based tracking system tied to RFID tags to be piloted in Tanzania • Barista and roaster training in Oaxaca, MX • Start-up to leverage for-profit and non-profit entities • Cervical cancer screening device

11. PSU’s Science & Technology Business Incubator / Accelerator Founded in 2004 Served 42 technology startup companies Working with 20 companies at a time PSBA has a 84% success rate 100% of companies work with PSU

12. PSBA’s Value Proposition Help technology entrepreneurs become investor ready and fill their company’s gaps. Provide an entrepreneurial community for resident entrepreneurs to share ideas and resources. Connect entrepreneurs to business development coaching and advising & PSU faculty and students.

13. Location: • SW Corbett & SW Meade • One mile from PSU SBA • Near the Ross Island Bridge • Facility: • 40,000 square foot office building, • Office / lab space for up to 25 companies

14. PSBA / PSU support • Investor readiness coaching • MBA project teams • Lab space on campus • IT service provider referrals Lynn Stevenson CEO David Peyton Co-founder & PSU Professor Winner of Angel Oregon 2009

15. Jon Hofmeister, Founder & President PSBA / PSU support L2M ETM Team MBA Team Student interns

16. PSU Center for Entrepreneurship The School of Business at Portland State University is leading an initiative to develop a world-class capability in entrepreneurship that provides the curriculum, mentoring, information, and network links that innovators – researchers, students, members of the community – need to launch their ideas and create successful companies. PSU’s Entrepreneurship Center will: • Deepen the entrepreneurial mindset and capabilities of the region’s innovators through educational programs; • Increase deal flow by providing expert support for vetting ideas, choosing the most appropriate vehicle for commercialization and social innovation, developing creative business models, and launch mentoring; • Accelerate bringing ideas to fruition by providing innovators with a “one-stop-shop” for the resources and processes required to reach the market.

17. Strategic Initiative 1 (w/OHSU) Lab2Market Strategic Initiative 2 Emerging Entrepreneur Strategic Initiative 3 (w/CGLS) Social Innovation COURSES Global Entrepreneurship (MIM elective) Introduction to Entrepreneurship (MBA elective) New Business Launch and Growth (MBA elective) 1-week Entrepreneurship Intensive (MBA elective; open to community) Social Innovation and Entrepreneurship (MIM/MBA elective) Pioneering Innovation (MBA core course) Social Entrepreneurship and Intrapreneurship (MBA elective) Market and TechnologyAssessment (MBA elective) Innovation Management & Entrepreneurship (MBA Concentration) SUPPORT Graduate Business Projects (MBA/MSFA/MIM) Elevator Pitch Competition Launch mentoring Social Innovation Mentoring LAUNCH SERVICES Social Innovation Incubator (SI2) OUTCOMES “Graduation” to PSU Business Accelerator Start-Up Funding Job Creation Sustainable Regional Development Graduates with an Entrepreneurial Mindset Prototypes

18. Thank you! • PPT’s will be on the sba web site • Any Questions??? • Next Teaching Brown Bag will be an overview of the Center for Academic Excellence Programs. March 9th in SBA 390.