1. Innovation & Entrepreneurship Judith Cone Special Assistant to the UNC Chancellor for Innovation and Entrepreneurship Senior Fellow Kauffman Foundation BizStarts Milwaukee Presidents’ Meeting

3. World Economic Forum ► Entrepreneurship and education are extraordinary opportunities that need to be leveraged and interconnected if we are to develop the human capital required for building the societies of the future. ► Entrepreneurship is the engine fuelling innovation, employment generation and economic growth ► Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.

4. How?

5. ►Option 1: Encourage lots of experimentation on campus ►Option 2: Have a big vision, followed by a strategic map for how to build a culture of systematic innovation and entrepreneurship ►Works best if the campus has already been experimenting

6. Build and sustain a culture of systematic innovation and entrepreneurship Strategic Development

7. Ideas Discoveries New Processes & Methods Inventions Ideation People creating new knowledge, researching Translation People turning knowledge into practical use, implementation Innovation People contributing new, better solutions to society. Translational Pathways Innovation Process Process for Positive Profound Impact Positive Profound Impact Academic Economic Social Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset 1. Teach, Publish, Present………………………Change the field 2. Inform, Service ……Persuade….. Social Entrepreneurship 3. License and/or…….. Engage in Growth Entrepreneurship Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset New Knowledge Entrepreneurial Mindset - Entrepreneurial Mindset Outcomes Copyright © 2008 University of North Carolina at Chapel Hill

8. Ideas Discoveries New Processes & Methods Inventions Ideation People creating new knowledge, researching Translation People turning knowledge into practical use, implementation Innovation People contributing new, better solutions to society. Translational Pathways Innovation Process Process for Positive Profound Impact Positive Profound Impact Academic Economic Social Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset 1. Teach, Publish, Present………………………Change the field 2. Inform, Service ……Persuade….. Social Entrepreneurship 3. License and/or…….. Engage in Growth Entrepreneurship Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset New Knowledge Entrepreneurial Mindset - Entrepreneurial Mindset Outcomes Copyright © 2008 University of North Carolina at Chapel Hill

9. Ideas Discoveries New Processes & Methods Inventions Ideation People creating new knowledge, researching Translation People turning knowledge into practical use, implementation Innovation People contributing new, better solutions to society. Translational Pathways Innovation Process Process for Positive Profound Impact Positive Profound Impact Academic Economic Social Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset 1. Teach, Publish, Present………………………Change the field 2. Inform, Service ……Persuade….. Social Entrepreneurship 3. License and/or…….. Engage in Growth Entrepreneurship Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset New Knowledge Entrepreneurial Mindset - Entrepreneurial Mindset Outcomes Copyright © 2008 University of North Carolina at Chapel Hill

10. SIE A Culture of Systematic Innovation & Entrepreneurship

11. Building a Systematic Culture ►Be clear about why you are doing this. It is not easy. ►Lead ►Sell the vision to key champions, inside and outside ►Design the process for engaging the campus in this change initiative. Convene a design team that is representative so that your institution can create a roadmap that is appropriate for your uniqueness. ►Put the planning design into action. ►Implement the roadmap

12. Characteristics ► Cross campus and beyond: Faculty, students, administrators, staff, boards, supporters, communities engaged ► Problem-solution focused ► Multidisciplinary ► Driven by entrepreneurial mindset ► Academia + Industry + Government

13. Ideas Discoveries New Processes & Methods Inventions Ideation People creating new knowledge, researching Translation People turning knowledge into practical use, implementation Innovation People contributing new, better solutions to society. Translational Pathways Innovation Process Process for Positive Profound Impact Positive Profound Impact Academic Economic Social Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset 1. Teach, Publish, Present………………………Change the field 2. Inform, Service ……Persuade….. Social Entrepreneurship 3. License and/or…….. Engage in Growth Entrepreneurship Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset Entrepreneurial Mindset Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset New Knowledge Entrepreneurial Mindset - Entrepreneurial Mindset Outcomes Copyright © 2008 University of North Carolina at Chapel Hill