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Technological Entrepreneurshi p

Technological Entrepreneurshi p. Welcome to GEB 5516 -Technological Entrepreneurship - Spring 2014. Technological Entrepreneurshi p. Geoffrey Nicholson said , “ Research is the process of turning money into knowledge; and Innovation is the process of turning knowledge into money.”.

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Technological Entrepreneurshi p

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  1. Technological Entrepreneurship Welcome to GEB 5516 -Technological Entrepreneurship - Spring 2014

  2. Technological Entrepreneurship Geoffrey Nicholson said, “Research is the process of turning money into knowledge;and Innovation is the process of turning knowledge into money.”

  3. Technological Entrepreneurship Let’s Get Started… GEB 5516 -Technological Entrepreneurship - Spring 2014

  4. Technological Entrepreneurship 200 Years, 200 Countries “Pretty Neat” • So Why Innovate…? • What Does It Take…?

  5. Technological Entrepreneurship First, Let’s Discuss… What It Takes What do you think it takes…?

  6. Technological Entrepreneurship What It Takes… Recognizing Opportunity; andCreativity • Make Meaning and Money • Entrepreneurship • Leadership

  7. Technological Entrepreneurship “I have sometimes almost wish it had been my destiny to be born two or three centuries hence… For invention and improvement are prolific, and beget more of the kind.” Ben Franklin (1706-1790)

  8. Technological Entrepreneurship “ Today, Turbulent and Changing Times…” Risk and Uncertainty… or Opportunity Jobs, Careers… Business, Industry… Global, Mobile… Trends, Trade… Customers, Brands… Promises, Value, Delivery…

  9. Technological Entrepreneurship A Chance of a Lifetime… “…Be Inspired -- Make The Future…”

  10. Technological Entrepreneurship Getting Started -- Tonight we will cover… Introductions Innovation and Entrepreneurship The Class and Deliverables Chapter 1 Next Steps

  11. Technological Entrepreneurship Tonight’s Learning Objectives • Perform introductions and discuss expectations. • Discuss innovation and entrepreneurship. • Communicate semester outlook, • Communicate requirements and deliverables. • Define entrepreneurship. • Explain the role of entrepreneurship in economic growth. • Distinguish entrepreneurial ventures from small businesses in terms of their purpose and goals. • Describe the evolution of entrepreneurship as a field of study since the 1960s. • Identify today’s broad trends in the field of entrepreneurship.

  12. Technological Entrepreneurship Getting Started… Introductions… Hi, I’m Dr. Tom O’Neal… And You Are…?

  13. Technological Entrepreneurship Getting Started…Tonight Let’s Continue And Discuss…. • Innovation and Entrepreneurship • The Class & Deliverables • Chapter 1 • Next Steps

  14. Technological Entrepreneurship “…Potential is Tremendous….” - Opportunity, Growth and Wealth -

  15. Technological Entrepreneurship Innovation… Why Innovate?

  16. Technological Entrepreneurship Why Innovate… - So What…Who Cares…Why You -

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

  18. Technological Entrepreneurship Entrepreneurship What Does an Entrepreneur Do…? Who Might They Be…?

  19. Technological Entrepreneurship The Entrepreneur …. An Entrepreneur Organizes, Operates and Assumes Riskfor a Business Venture

  20. Technological Entrepreneurship Let’s Discuss… The Characteristics of Entrepreneurs…

  21. Technological Entrepreneurship Successful Entrepreneurs Are Principles Based… • Ethical Conduct • Vision & Value • Focus & Determination • Abstract Thinking & Pragmatic Execution • Commercialization Flexibility George Washington “I hope I shall always possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an Honest Man.” (1788)

  22. Technological Entrepreneurship Entrepreneurs… What About You…?

  23. Entrepreneurship Entrepreneurs…

  24. What’s Hot… Leadership and Knowledge Vision and Execution Economic Environments Business Eco-Systems Networks, Platforms, Systems and Connectivity

  25. What’s Hot… Digital Infrastructure Strategies Content, Clouds, Networks, Devices and Mobility Satellites, Grids, Hubs and Bandwidth Responsible and Responsive Safety and Security Renewable and Reusable

  26. Technological Entrepreneurship Knowledge - UCF patents rank in Top Ten –Again UCF RANKS 8th in USA in PATENT POWER in 2010…!!! - 2009 - - 2008 -

  27. Technological Entrepreneurship xx

  28. Technological Entrepreneurship RiniTechnologies, Oviedo, FL • Technologies are leveraged for a variety of applications • High-power lasers, power electronics, and personal cooling devices • Contracts with Natick Soldier Research, Development & Engineering • RINI Wins $1.7 Million from Navy Innovative solutions to the toughest thermal-management challenges Personal Cooling Systems

  29. Technological Entrepreneurship Research and Commercialization at UCF

  30. Technological Entrepreneurship Getting Started…Tonight • Introductions • Innovation and Entrepreneurship Now Let’s Discuss… The Class & Deliverables Next Steps

  31. Technological Entrepreneurship Launching New Ventures The Textbook Part One: Foundations and Opportunities Part Two: Feasibility and Testing Business Concepts and Models Part Three: Strategy and Planning Part Four: Planning for Growth and Change Be Prepared…. • Challenges • Strategies • Execution • Performance

  32. Technological Entrepreneurship Webcourses/Canvas

  33. Technological Entrepreneurship Requirements and Deliverables…. • Quizzes, Class Assessments - Assignments & Participation (30%) Your First Class Assessment Quiz is Due Jan. 14,2014 (by 2pm) • The Midterm -Elevator Pitch & 3 Page Executive Summary (30%) • The Final -The Technology Assessment, Report and Presentation (40%)

  34. Technological Entrepreneurship The Elevator Pitch…. (30%) • Your Individual 2 min. Presentation • 3 page Executive Summary • So What , Who Cares and Why You…

  35. Technological Entrepreneurship Your Final Group Project….(40%) The Technology Assessment • A UCF Technology or Approved Venture • Formal Group Presentation • Executive Report

  36. Technological Entrepreneurship Your Final Group Project….(40%) What is The Technology Assessment…? …the study and evaluation of new technologies. It is based on the conviction that new developments within, and discoveries by, the scientific community are relevant for the world at large… (Wikipedia) • What does it look like

  37. What does it look like…?

  38. What does it look like…? Is there a process…?

  39. Technological EntrepreneurshipThe “Linear” Perspective

  40. Make Meaning and Make MoneyResearch is the process of turning money into knowledge; Innovation is the process of turning knowledge into money…What does it look like…? • “Digital Opportunities…” • Knowledge and Networks • Mobile on Demand

  41. Innovation – Best Practices

  42. Technological Entrepreneurship Your Final Group Project….(40%) The Technology Assessment > Group Report and Presentation < Report Format • Introduction and Summary • Feasibility and Opportunity • Customers, Products and Markets • Business Models, Infrastructures and Management Team • Financial Information, Cash Flows and Investment Requirements • Conclusions and Recommendations

  43. Technological Entrepreneurship Your Final Group Project….(40%) The Technology Assessment > The Presentation <

  44. Technological Entrepreneurship Your Commitment … “ It May be your first experience with entrepreneurship… …Make the most of this opportunity ”

  45. Technological EntrepreneurshipAny Questions So Far…?___________________________Let’s continue…Next...Part 1 – Opportunity…(Chapter 1)

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