1 / 34

Making Accelerators a vital part of your entrepreneurship ecosystem

Making Accelerators a vital part of your entrepreneurship ecosystem . Kevin Gadd, Ohio State Lynn Gellermann , Ohio University. Lynn Gellermann. Executive Director, Ohio University Center for Entrepreneurship TechGROWTH Ohio Venture Capitalist. Kevin Gadd.

vanig
Download Presentation

Making Accelerators a vital part of your entrepreneurship ecosystem

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Making Accelerators a vital part of your entrepreneurship ecosystem Kevin Gadd, Ohio State Lynn Gellermann, Ohio University

  2. Lynn Gellermann • Executive Director, Ohio University Center for Entrepreneurship • TechGROWTH Ohio • Venture Capitalist

  3. Kevin Gadd • OSU Center for Entrepreneurship Advisory Board Member • Entrepreneurship Professor • From foundation to acceleration • Commercialization Director • Serial Entrepreneur

  4. Rufus and Brutus

  5. We have more questions than answers! Please stop us with questions or suggestions

  6. We Believe A successful university accelerator is not an isolated program. It is the result of carefully planned and consistent steps in the student’s lifecycle.

  7. Kauffman Agrees “Finally, at the funnel’s narrow spout, the emphasis shifts to concentrating resources and instruction on the students who seem most likely to succeed.” “Entrepreneurship education comes of age on campus”, 2013, Kauffman Foundation

  8. Ecosystem Pillars Ecosystems that support entrepreneurship, innovation and technology commercialization must be built collaboratively by industry, higher education and government leaders.

  9. Innovation Engine AcceleratorBy the Numbers: • 6 startup teams from 5 colleges & 2 universities; • 12 week entrepreneurial “boot camp” • Up to $20K in startup funding per team • Over 50 mentors providing subject expertise

  10. Innovation Engine Accelerator Lean StartUp Modules led by venture capitalists Tom Parkinson and Lynn Gellermann using the learning platform of Venture Highway • Module 1: Lean StartUp Concepts • Module 2: Value Proposition & Customer Segments • Module 3: Customer Discovery • Module 4: Channel Strategies • Module 5: Customer Discovery (2) • Module 6: Market Research • Module 7: Revenue Models • Module 8: Resources & Activities • Module 9: Entrepreneurial Selling & Strategic Alliances • Module 10: Financial Projections • Module 11: Finding & Dealing with Investors

  11. Business Model Canvas

  12. What We Learned • Vital to University and Community Culture • Way of Thinking • Method of Learning • Preparation for Leading • Can Apply to Public and Social Sectors • Scale via Hybrid Seminar or Classroom Delivery

  13. OSU 10X • Partnership with State of Ohio, ONE Fund • Techstars Affiliate (GAN) • 4th edition going on now • ~450 applications • 39 teams selected • $20,000 per team 12 week program • >$7MM million raised in follow on funding • Strong community collaboration • Not just OSU students

  14. E-Ship Funnel

  15. Foundations of E-ship • Student entry point into the funnel • Emphasis on theory, practice, tools • Fundamentals carry forward • Valuable skills for any career • Begins to ignite their passion • What percentage will continue??

  16. Foundations of E-ship

  17. Business Plan Builder

  18. Foundation’s Role “…we see a large part of our role as exposing students to entrepreneurship and helping them to learn and decide for themselves if they would like to be an entrepreneur or to play some other role.” “Entrepreneurship education comes of age on campus”, 2013, Kauffman Foundation

  19. Minors and Majors • Biggest opportunity in the funnel • Should include other academic areas • Ecosystem is critical for these students • Mentors and Alumni • Program consistency is critical • Not tied to one person

  20. Accelerator Class • Business Model Canvas • Lean Startup • Customer Development • Learning Maps • Accredited Course • Not all are fully committed

  21. BUS-MHR 3452

  22. Venture Accelerator

  23. Business Model Canvas

  24. Learning Maps

  25. Dashboard

  26. Institutional Knowledge

  27. VH Platform • Real meaningful results • Flexibility is the key… • Identify opportunities for program growth and improvement • All materials for the program in one place • Students keep all of it for later use

  28. We Believe A successful university accelerator is not an isolated program. It is the result of carefully planned and consistent steps in the student’s lifecycle.

  29. Discussion Time • What questions do you have? • What suggestions do you have? • Or, we can talk football 

More Related