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Innovation & Entrepreneurship

Innovation & Entrepreneurship. Welcome… “An investment in knowledge always pays the best interest.” Ben Franklin (1706-1790). Innovation & Entrepreneurship. “ Turbulent Changing Times…” Uncertainty “…Jobs and Careers…Business and Industry…”. Innovation & Entrepreneurship. Yet…

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Innovation & Entrepreneurship

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  1. Innovation & Entrepreneurship Welcome… “An investment in knowledge always pays the best interest.” Ben Franklin (1706-1790)

  2. Innovation & Entrepreneurship “Turbulent Changing Times…” Uncertainty “…Jobs and Careers…Business and Industry…”

  3. Innovation & Entrepreneurship Yet… All of Us… Have A Chance of a Lifetime “…We Will Shape and Determine The Future…”

  4. Innovation & Entrepreneurship Let’s Get Started… Welcome to GEB 5516 and GEB 4152 Technology Commercialization And Technology Entrepreneurship

  5. Innovation & Entrepreneurship Getting Started…Tonight • Introductions • Innovation and Entrepreneurship • Class Workshop-Current Trends • Next Steps Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship

  6. Innovation & Entrepreneurship Getting Started…Tonight Introductions… I’m Tom O’Neal… Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship

  7. BSEE Entrepreneur Engineer Associate Director @ CREOL Associate VP Founding Director UCFTI now UCFBIP MSEM, MBA, PhD Why listen to me? Entrepreneur Dr. Thomas O’Neal Associate VP for Research and Commercialization Executive Director UCF Business Incubation Program Executive Director GrowFL 12201 Research Parkway Orlando, FL 32826 oneal@mail.ucf.edu www.research.ucf.edu Faculty Mgmt/IEMS 2000’s 1970’s 1980’s 1990’s

  8. Innovation & Entrepreneurship Getting Started…Tonight Introductions… And You Are…? Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship

  9. Innovation & Entrepreneurship Getting Started…Tonight Introductions Innovation and Entrepreneurship Class Workshop-Current Trends Next Steps Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship

  10. Innovation & Entrepreneurship “…The Potential is Tremendous….” Opportunity, Growth and Wealth Innovation Requires Energy, Effort and Time….

  11. Innovation & Entrepreneurship So What…Who Cares…Why You • Innovation • Entrepreneurship • Investment • Knowledge • Wealth

  12. Innovation & Entrepreneurship Innovation… Why Innovate?

  13. Innovation & Entrepreneurship Let’s Discuss…Why Innovate Innovation • “Solve” a Problem • “Improve” the Quality of Life • “Preserve” Something Good

  14. Innovation & Entrepreneurship Entrepreneurship What Does an Entrepreneur Do…? Who Might They Be…?

  15. Innovation & Entrepreneurship The Entrepreneur …. An Entrepreneur Organizes, Operates and Assumes Risk for a Business Venture

  16. Innovation & Entrepreneurship Let’s Discuss… The Characteristics of Entrepreneurs…

  17. Innovation & Entrepreneurship Entrepreneurs… What About You…?

  18. Innovation & Entrepreneurship Successful Entrepreneurs Are Principles Based… • Ethical Conduct • Vision & Value • Focus & Determination • Abstract Thinking & Pragmatic Execution • Commercialization Flexibility

  19. Innovation & Entrepreneurship Investments in Innovation… Commitments!!! • Passion • Vision • CASH FLOWS

  20. Innovation &Entrepreneurship Knowledge - UCF patents rank in Top Ten -Again - 2009 -

  21. Innovation & Entrepreneurship Knowledge… Knowledge is Valuable…!!!

  22. Innovation & Entrepreneurship Wealth…

  23. Innovation & Entrepreneurship Entrepreneurs…

  24. UCF Research Foundation What’s Hot… Knowledge, Vision and Execution Digital, Molecular & NanoInfrastructures, and more… Life Sciences Energy, Clean Tech, Green Tech Environments, Platforms, Systems and Connectivity

  25. Innovation & Entrepreneurship Let’s Discuss The Class…. • Opportunities • Challenges • Strategies • Planning • Execution • Performance

  26. Innovation & Entrepreneurship Major Deliverables…. Your Entrepreneurial Challenge • Your Class Participation!!! • The Elevator Pitch…(30%) • The Venture Project…(40%)

  27. Innovation & Entrepreneurship • Your Commitment … Do the Work and Earn Your Grade…!!! (Maybe your first experience with entrepreneurship)

  28. Vision to Reality “Tis easy to see, hard to foresee.” Ben Franklin (1706-1790) ------------------------------------------------ “People often fail because they trade what they want most for what they want now.”

  29. Vision To Reality The Road Ahead… • Part One: Opportunity • Part Two: Feasibility • Part Three: Planning • Part Four: Growth and Change • Elevator Pitch and Venture Presentations --------------------------------------------------------------------------------------------------------------------------------- Now ….”A Group Exercise” – Current Trends

  30. Class Workshop Break into groups of 4-5 people As a group, discuss and agree on 3 current trends that may affect your pursuit for a professional career and/or business Idea. Present Three Trends and WHY… • > One power point, no more than 6 bullet points

  31. Class Workshop Break out…. One power point, no more than 6 bullet points Three Current Trends… • Trend One… • And Why • Trend Two… • And Why • Trend Three… • And Why

  32. Vision to Reality * Workshop Observations… Wrap Up…. The Syllabus On The Website Next Week… The Journey Continues…

  33. Vision to Reality Thank you for tonight Great to see you here Let’s be entrepreneurial together this semester

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