220 likes | 230 Views
STEM-Trek drives global travel support for underrepresented scholars in STEM fields. By fostering mentorship and a pay-it-forward culture, it empowers early-career individuals while addressing post-9/11 IT implications. The organization focuses on providing opportunities and creating a supportive community for HPC-curious talents. Understanding the needs of Millennial demographics, STEM-Trek emphasizes inclusivity and digital engagement. With a non-profit status, the organization aims to make a positive impact and bridge skill gaps in the rapidly evolving STEM landscape.
E N D
STEM-Trek was conceived during a 2010 discussion with TeraGrid Campus Champions about post-9/11/01 security provisions, and implications for central IT (and travel).
STEM-Trek/Global, grassroots Won’t compete for federal funds. Crowd-source social capital for travel support, mentors and more. Pay-it-forward element: beneficiaries are encouraged to help others, or to help STEM-Trek in some meaningful way.
Main focus group: • Early-career, HPC-Curious scholars from underrepresented groups and regions
Early career Late career • Who is STEM-Trek? • FB: 60 % are 18-44 (70 % male)Millennials; generation Y • English: US, India and UK
https://prezi.com/bzkho9dl__d8/millennials-higher-education-complete/https://prezi.com/bzkho9dl__d8/millennials-higher-education-complete/ BVK Presentation: https://prezi.com/bzkho9dl__d8/millennials-higher-education-complete/#
Gen Y 80 million strong (US) Born between 1980-2000: Largest generation in history (bigger than boomers by 6+ million) Fancy living a healthy lifestyle Crave adventure Seek peer affirmation Hooked on social media Impatient—they want it now Believe in cause marketing (environment is a priority) Digital natives (cut their teeth on a joystick) Job-hopping is normal (3 years expected/91 %) By 2025 three-fourths of the world’s workers will be millennials!!!!! US grads have an average nearly $ 40K in student debt $55k in the UK. Pathological need to be constantly connected to friends & family
For-Profit businesses • Sole Proprietorships. • Partnerships. • Corporations. • Limited Liability Companies (LLC) • Subchapter S Corporations (S Corporations)
Nonprofit organizations Serve the public interest and tax-exempt • In the United States, there are over 1.6 million nonprofit organizations. There are 27 different types of nonprofit organizations. Each designation has its own set of rules for: • Eligibility • Lobbying • Electioneering • Tax-deductible contributions • Public charities, foundations, social advocacy groups, and trade organizations are common types of nonprofit organization. Any profits generated by these organizations is not distributed to shareholders or owners. • Nonprofits do not issue stock.
STEM-Trek Nonprofit: 501.c.3 Public Charity • Founded in 2012 • 5-8 Officers • 12-15 on Advisory Board • Virtual organization (PO Box is only physical address)
Reasons people become entrepreneurs • Unemployed; few jobs to be found • High unemployment rate among youths 16-24 (15-25 percent) • Identify a niche that needs to be filled; opportunistic • Passionate about something • Hate their job • Marry into a family business • They want to get rich; Many more fail than succeed • Whatever you do, don’t quit your job to start a business unless you’ve saved enough to live without a paycheck for several years
What do entrepreneurs need to succeed? • Identify a need or gap to bridge (U have the skills to bridge the gap) • Funding and/or affordable space • Business incubators • Low-interest or no-interest loans • Grants (NGOs, or minority business owners) • Mentors • Family support (emotional and financial is helpful)
Affinity Mentors & Psycho-Social Support Especially important for first-generation business owners • Gender • Racial • Religion • Domain • Community; home town • Socioeconomic standing • Clubs (social media groups, community meetups, etc.) • Target Industry; they’ve already traveled the path • They may be successful, or they may have learned from failure • Be warned: they may try to STEAL IP, or sabotage you if you succeed…
Target industry mentors: How you may envision they will protect new startups…
The most powerful words in your vocabulary Please Help Me
Skills you will need no matter what… • Communications • Public Relations • Accounting; bookkeeping • Compliance (legal) • Research (industry) • Marketing (market analysis) • Risk Assessment • Cybersecurity • Professional Development • Intellectual Property (Legal) I allocate 25 percenttime to menial tasks or skills I should improve upon.Volunteer accountants, lawyers and others help bridge gaps in my professionalskill set.
Agility… https://akshatrathi.com/2013/06/12/speed-is-not-their-main-weapon/
Questions? Elizabeth Leake itbeth2@gmail.com