Transcript Who you are speaks so loudly in my ears, that I can hardly

Overview of Entrepreneurship at Penn State
Philip G. Boyer, M.B.A.
Director - Engineering Entrepreneurship Minor
Overview of Entrepreneurship at Penn State
Current Entrepreneurship Components
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Engineering Entrepreneurship Minor (300+ Graduates)
Entrepreneurship based courses – 45+ different course offerings
Penn State Entrepreneurs Network - http://entrepreneurship.psu.edu/
Lion Launch Pad – Student Business Incubator –
http://www.lionlaunchpad.org/
Garber Venture Fund - http://www.smeal.psu.edu/fcfe/garber
Idea Pitch Competition – Annual program
Gaelen Endowment for Engineering Entrepreneurship and Leadership
Norbert and Audrey Gaelen Entrepreneurship Speaker Series
E. V. Bishoff Engineering Entrepreneur in Residence
Ag. Sciences Entrepreneurship Speaker Series
Altoona Campus – Sheet’s Center for Entrepreneurship
Berks Campus – Engineering Entrepreneurship Minor offered
Overview of Entrepreneurship at Penn State
The Engineering Entrepreneurship Minor was
academically approved in the Spring of 2002. This was the
first and only entrepreneurship based minor at Penn State.
Vision – deliver a dynamic, multidisciplinary minor that
inspires and prepares undergraduate students to be worldclass technology business innovators.
300+
E-Ship Minors Awarded To Date
(as of Spring 2011)
Overview of Entrepreneurship at Penn State
Engineering E-Ship Minor (18 total credits)
Four Core Courses: (12 Credits)
Engr 310 – Entrepreneurial Leadership (3 Credits)
Engr 407 – Technology Based Entrepreneurship (3 credits)
Engr 411- Entrepreneurship Business Basics (3 credits)
Engr 497A – Entrepreneurship Capstone (3 credits)
Technical Electives: (6 credits)
E-Ship Minor Distrubition
19%
22%
4%
ENGR
55%
BUS
IST
Other
Overview of Entrepreneurship at Penn State
Proposed Future of Entrepreneurship at PSU
Provost Erickson has asked a team from the College of Engineering and Smeal
Business School to look at developing increased access to undergraduate
entrepreneurship education for all students. We have presented a plan to the
Board of Trustees and we are in the process of finalizing a new approach to
delivering this revised concept..
New Vision Statement – To deliver a dynamic, multidisciplinary
entrepreneurship minor that inspires and prepares undergraduate students to
be world-class business innovators who create value, address global
challenges and change the world.
Overview of Entrepreneurship at Penn State
Proposed E-Ship Minor
In order to effectively deliver this new evolution of entrepreneurship at Penn
State, the task team has recommended the following course of action:
The Entrepreneurship Minor would have two stages. First, all students from all
majors and all interest areas would take nine credits of “common core”
entrepreneurship courses in this entry stage. The core would consist of three
classes:
1. Introduction to the Entrepreneurial Mindset
2. Entrepreneurial Leadership
3. New Venture Creation
These core courses would ensure the entrepreneurship fundamentals are
covered in a multidisciplinary setting.
Overview of Entrepreneurship at Penn State
Proposed E-Ship Minor (Cont.)
The second stage of the Minor involves creating tracks of specific
concentration. The tracks are not necessarily aligned with specific college
boundaries. Each track would be an additional 9 credits in a specific area of
entrepreneurial interest. Examples might include:
Family Business
High Growth Venture Capital
Tech Based Entrepreneurship
New Media
Social Entrepreneurship
Agro Business
Etc.
Overview of Entrepreneurship at Penn State
Proposed E-Ship Minor (Cont.)
The recommendation of the task group is to have the three core courses fall
under the jurisdiction of Rob Pangborn, Vice president and Dean for
Undergraduate Education.
A white paper was completed and forwarded to Provost Erickson under the
cover of a letter from Deans Wormley and Thomas.
Overview of Entrepreneurship at Penn State
PSEN - Penn State Entrepreneurs Network
This is a student run organization that has M.B.A.
students who help manage a network of
undergraduate students, who are actively involved
in the entrepreneurship community. The
organization provides a network of contacts and
maintains a communication channel for student
activities & announcements.
Overview of Entrepreneurship at Penn State
Lion Launchpad
The Lion Launchpad is a 501(c)3 organization, making
it a separate entity from Penn State and the E-SHIP
program. However, the goal of the Launchpad is to
encourage student-run businesses. Any fledgling
business can apply to be a Launchpad member, as
long as at least one person on the team is a Penn
State student.
visit www.lionlaunchpad.net
Overview of Entrepreneurship at Penn State
Garber Venture Fund
Providing MBA students with real-world experience is vitally
important to the Farrell Center for Corporate Innovation and
Entrepreneurship. As part of its mission, The Center oversees
the Garber Venture Capital Fund. Established in 1999 by Dr.
John Garber and his wife Bette, this $5 million venture fund
brings to reality the process of private equity investing in early
stage technology-based companies.
http://www.smeal.psu.edu/fcfe/garber
Overview of Entrepreneurship at Penn State
Gaelen Endowment for
Engineering Entrepreneurship
Through the Gaelen Endowment, we are able to bring in
“serial” entrepreneurial speakers and lecturers. This
endowment allows for early seeding of student based
ventures.
Overview of Entrepreneurship at Penn State
Questions & Comments