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Purdue University University of Nizhny Novgorod EURECA Partnership

Purdue University University of Nizhny Novgorod EURECA Partnership. Nathalie Duval- Couetil Director, Certificate in Entrepreneurship and Innovation Assoc. Professor, Technology Leadership & Innovation. Mike Cassidy Entrepreneurship Lecturer President, Fortress Strategy Group.

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Purdue University University of Nizhny Novgorod EURECA Partnership

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  1. Purdue UniversityUniversity of Nizhny Novgorod EURECA Partnership Nathalie Duval-Couetil Director, Certificate in Entrepreneurship and Innovation Assoc. Professor, Technology Leadership & Innovation Mike Cassidy Entrepreneurship Lecturer President, Fortress Strategy Group

  2. University Mission and History • Discoverythat expands the realm of knowledge. • Learning through dissemination of knowledge. • Engagement through exchange of knowledge The mission of Purdue University is to serve the citizens of Indiana, the US, and the world through: Founded in 1869

  3. Purdue University - Facts • Main campus, West Lafayette, Indiana • 40,000 students • 31,000 undergraduate • 9,000 graduate • 2,680 faculty • University System • 4400 Faculty, • 75,000 Students • Research ― $600M

  4. 10 Colleges • Agriculture • Education • Engineering • Health Sciences • Liberal Arts • Management • Pharmacy • Science • Technology • Veterinary Medicine

  5. Why Purdue? • Top ranked programs in engineering, science and business • Interdisciplinary research park focused on collaboration and commercialization • Largest multidisciplinary entrepreneurship education program in the country • “Land grant” university focused on being an engine of economic development for the region

  6. Interdisciplinary Research Centers • Bioscience • Nanotechnology • Oncological Sciences • Healthcare Engineering • Environmental Sciences • Learning • Entrepreneurship

  7. Research, Commercialization & Incubation

  8. New Presidential Initiative - 2013 • Ideation • Market assessment • Grant writing • Prototyping • Legal assistance • Funding PURDUE FOUNDRY “FRONT DOOR” for commercialization of Purdue Innovation New Purdue President , Mitch Daniels former Governor of Indiana

  9. Burton D. MorganCenter for Entrepreneurship Academic Programs Certificate in Entrepreneurship and Innovation Technology Realization Program Student Managed Venture Fund Post-doctoral Entrepreneurship Program Interns for Indiana Competitions Burton Morgan Business Plan Competition Life Sciences Competition Elevator Pitch Competition Faculty Resources Entrepreneurial Leadership Academy Workshops and seminars Regional Ecosystem Purdue Center for Regional Development Small Business Development Center (SBDC)

  10. Certificate in Entrepreneurship and Innovation • Undergraduates in all majors • 5 courses – similar to a minor • Over 500 students in 2 introductory courses • Taught by experienced entrepreneurs • Largest campus-wide program at Purdue • Largest multidisciplinary program in the country

  11. Overarching Objectives • Provide students with the knowledge and tools required to assess new venture opportunities • Develop leadership and communication skills necessary to advocate for these enterprises • Make entrepreneurship an “accessible” career choice for students - now or in the future

  12. Interdisciplinary Entrepreneurship Education Certificate in Entrepreneurship and Innovation Calendar Year

  13. Real-world focus: Capstones ENTR Capstone: Co-led by practicing entrepreneur or venture capitalist • Scott Jones, Boston Technology, Gracenote, ChaCha • Don Aquilano, Blue Chip Venture Company • Eric Davis, Kylin Therapeutics, In-vivo Ventures • Chad Barden, Quadraspec, In-vivo Ventures • Dennis Barket, Griffin Analytical/Icx • Chris Beltran and Paroon Chadha, Passageways • David Castor, Alerding Castor Hewitt • Andy Clark, VP Right on Interactive New Capstone: Consulting for Emerging Enterprises

  14. New Capstone Course: Consulting For Emerging Enterprises Students learn about the profession of consulting while working on entrepreneurial projects for local businesses and entrepreneurs Piloted in Spring 2013

  15. Global Entrepreneurship and Innovation Beijing and Hong Kong – May 2011-2013 Beijing and Shanghai – May 2009-2010 Beijing – May 2008 South Korea – May 2007

  16. Women and Leadership Course Majors represented: • Management • Communications • Nuclear Engineering • Photo & Related Media • Selling & Sales • Public Relations & Rhetorical Advocacy • Computer Science • Agricultural Economics • Elementary Education • Chemical Engineering • Political Science • Retail Management • Industrial Engineering • Behavioral Neuroscience Psychology Encouraging the involvement of women in entrepreneurship Launched by the Certificate Program and adopted by the Dept. of Communication

  17. Outcomes ENTR courses improved my… Among graduates… 23%report they are involved in a venture of some kind 81% are likely to be involved in a startup in the future 96% believe the skills and knowledge gained will be useful in their future careers Source: Exit survey n=556 (through Spring 2012)

  18. Entrepreneurship Competitions

  19. Resources for grad students and faculty Master’s level ENTR 50000 & 50100 Seminar in Technology Realization Topics Master’s, PhD, postdoc and faculty ABE 69100 Life as a Faculty Entrepreneur: Discovery, D Entrepreneurial Leadership Academy Resources and networking for faculty with entrepreneurial interests

  20. EURECA 1 Work Plan and Accomplishments • Year 1 - Understanding • Vision of objectives and goals • Interdisciplinary possibilities and benefits • Resources required • Infrastructure required • Regional resources • Educational challenges • Student experiences • Year 2 – Execution • Faculty and student involvement and training • Development of course syllabi • Launch of a student entrepreneurship competition - InnoBusiness • Dissemination of knowledge and experience • Visits by UNN faculty and students to Purdue for training and awareness • Visits by Purdue faculty to UNN for needs assessment and information dissemination

  21. Purdue’s EURECA Outcomes • Contributes to Purdue University’s strategic goal “Meeting Global Challenges” • New models for entrepreneurial training • Retain spirit but adapt to cultural and environmental factors • New opportunities for collaboration with Russian partners • Entrepreneurship and research

  22. What we’ve learned… • Interdisciplinary collaboration is valuable • Need to highlight successes • Requires institutional support • Flexibility – things change Raises awareness “De-risks” Saves time and resources Better outcomes

  23. Thank You

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