The UMass Entrepreneurship Commons May 19,2014

2 Objectives: to strengthen the entrepreneurial culture on the UMass campuses; to increase participation in entrepreneurial activities and endeavors by UMass faculty, researchers and students; to encourage and facilitate more startups. Strategy: to create and implement a proactive program that connects, supports, supplements and promotes existing and new entrepreneurial programs on the UMass campuses and system- wide. The Commons Objectives and Strategy

3 Context Entrepreneurship contributes to the UMass mission commercializing technologies for societal good fostering economic development in Massachusetts nurturing the innovation ecosystem enriching campus culture Entrepreneurship programs are being woven into the U.S. university fabric growing demand from faculty and students active, creative programs at UMass peer institutions UMass needs to build on existing programs

4 Existing UMass Assets Many UMass programs exist to support entrepreneurship  M2D2, UML/UMW (space, medical device development)  MTTC, PO (mentoring / coaching programs)  VDC, UMB (space, mentoring, competitions)  CVIP Funds, PO (Startup Fund, Proof of Concept Grants, Investment Fund)  Mentors and Ventures Program, UMA (mentoring)  ATMC, UMD (space and community programs)  External resources (academic and other)

5 Need But we need to increase coordination and awareness  facilitate collaboration and sharing across disciplines and campuses  support & encourage broader usage of UMass resources by UMass community  additional coordination to help find, navigate & coordinate programs & resources  provide clear communication to the inside and outside world And we need to help campuses fill important gaps  education, workshops, bootcamps  mentoring, coaching, EIRs, expert networks  financial support  social entrepreneurship and non-startup focused entrepreneurship This requires investment in additional resources

6 Role of the Commons Support existing programs at each campus and system-wide Help campuses expand & develop programs (with funding & support) Promote coordination and facilitation among campus programs Act as a resource for all relevant programs at campuses and PO Facilitate navigation to campus programs Strengthen UMass entrepreneurial programs to be greater than the sum of their parts Commons and CVIP provide support and coordination

7 Current Navigation (without Commons) UMA UML UMM UMB UMD CVIP/ MTTC Programs Supporting Entrepreneurship

Coordination of EntrepreneurshipResources through the Commons 8 Commons Navigation UMA CVIP and other resources UML CVIP and other resources UMW OTM and other resources UMB CVIP and other resources UMD CVIP and other resources CVIP/ MTTC Programs and Resources Supporting Entrepreneurship

9 The Entrepreneurship Commons Will: Serve and support entrepreneurial activities of UMass faculty, researchers and students Increase coordination, sharing and awareness of existing programs and resources across campuses and system-wide Support and encourage broader usage of UMass resources by the UMass community Enhance and develop programs to fill important gaps in the support of entrepreneurship on the campuses Increase internal and external awareness of entrepreneurship throughout UMass

10 The Commons as a Coordinator Campus CVIP and other Resources UMass Student UMass PI I’ve invented something – maybe I can do a startup I have an idea for a startup company So you want to start a company So you’ve invented something Programs and Resources Supporting Entrepreneurship IP Management* CVIP Technology Development Fund* CVIP Startup Fund* UMass investment fund* MTTC Coaching and Platform UMA Innovation Challenge M2D2 Assistance with identification of management Participation in conferences for early stage companies Identification of external funding sources Link to other external programs and resources Access to UMass managed incubator * Available only to researchers/faculty Coordination, Program Assistance through Commons

11 Example: Support of Startup Creation Discovery Proof of Concept & Relevance Prepare to Commercialize via Startup Launch Startup “So you’ve invented something” Attend educational seminars Check for resources/procedures on campus and Commons website Invention disclosure to campus CVIP CVIP assessment, IP protection by campus Entrepreneurship Commons: Support and Coordination at Each Stage PI and CVIP determine if startup CVIP Tech Dev Fund MTTC Coaching & Platform M2D2 UMA Innovation Challenge “So you want to start a company” (stages 1, 2, 3) Biz Plan/UMass Startup Initiative ($5K) Management team formation MTTC Coaching and Platform UMA Mentors and Ventures Program Option/License Conference participation UMass Investment Fund Connect to external resources/funding Incubator space Biz plan competitions

12 Getting the Commons Up and Running Gateway to resources on all campuses Function as a true commons – with participation of all campuses Initial priorities have been developed by the Commons Working Group  Strengthen and expand mentor programs  Enhance startup services and create EIR  Expand campus and system-wide business plan competitions  Broaden campus entrepreneurship education offerings The Commons’ proposed structure and needs have been outlined (details on following slides)  Commons Working Group & External Advisory Group  Full Time Coordinator  Launch in July 2014

13 Proposed Commons Activities and Resources

14 The Commons Working Group LastFirstCampusTitle BanksDougUMPOAssociate VP, ED BarrowAbiMTTCDirector, MTTC BasnetAmitUMD/ATMCLiaison Associate Brah*BillUMBDirector, Venture Development Center CapistranJimUMAExecutive Director, UMass Innovation Institute DaudelinSusanUMBDirector, Industry Relations GamacheBobUMPOAssociate VP, Academic Affairs HaferNateUMMSDirector of Operations KlempnerMarkUMMSDirector, Massachusetts Biologics Laboratories MacWright*BobUMADirector, CVIP MaloneMichaelUMAVice Chancellor for Research McCarthyStevenUMLCo-Director, M2D2 McNamaraJamesUMMSDirector, Office of Technology Management MichelMarlaUMADirector, Community Engagement MurthiJillUMLDirector, CVIP ReinhartFredUMASr. Advisor for Technology Transfer RosenbergBillUMPOExecutive Director, CVIP SaucierNancyUMLDirector, New Venture Development Stapleton*TobiasUMD/CCBAssistant Dean, Charlton College of Business Sugumaran*ManickamUMBProfessor of Biology Tello*SteveUMLAssoc. Vice Chancellor, Entrepreneurship & ED; Co-Director, M2D2 VigeantPaulUMDAssistant Chancellor for ED WillsonJackUMLPresident Emeritus, Distinguished Professor

15 The Commons External Advisory Board Entrepreneurs Startup Investors Commercialization / Business Development Service Providers Corporate Executives UMass Alumni

16 Measures of Success Activity on the Commons portal New and expanded campus programs and system-wide Increased participation in entrepreneurial programs on all campuses Greater alumni/mentor involvement on all campuses More startups “Buzz” about entrepreneurship at UMass

17 Proposed Agenda for Entrepreneurship Retreat Overview of current capabilities and best practices  Each campus and President’s Office will review existing programs  Discussion of current service gaps Suggested Keynote and plenary topics  Massachusetts Secretary of Economic Development  Fred Reinhart, President Elect of AUTM  External KOL speaker on entrepreneurship/other programs  Presentation on the Entrepreneurship Commons Roundtable breakout discussions and strategy sessions Summary and conclusions – recommendations on next steps and priorities

18 Thank you Bill Rosenberg, Abi Barrow, Daniel Behr* UMass President's Office *Consultant to PO