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Purdue University University of Nizhny Novgorod EURECA Partnership Nathalie Duval-Couetil Director, Certificate in Entrepreneurship and Innovation Assoc.

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Presentation on theme: "Purdue University University of Nizhny Novgorod EURECA Partnership Nathalie Duval-Couetil Director, Certificate in Entrepreneurship and Innovation Assoc."— Presentation transcript:

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2 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

3 University Mission and History Discovery that 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

4 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

5 10 Colleges  Agriculture  Education  Engineering  Health Sciences  Liberal Arts  Management  Pharmacy  Science  Technology  Veterinary Medicine

6 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

7 Bioscience Nanotechnology Oncological Sciences Healthcare Engineering Environmental Sciences Learning Entrepreneurship Interdisciplinary Research Centers

8 Purpose Interdisciplinary research and entrepreneurship education Technology park and incubation for start-up companies Founded20011961 LocationOn-Campus Off-campus US 52 Highway # People1000 faculty members3100 employees # Buildings551 # Companies/ Centers 8 Centers160 Companies Area40 acres725 acres Research, Commercialization & Incubation

9 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

10 Burton D. Morgan Center 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)

11 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 Inspiration - Education - Application

12 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 Discipline-specific expertise Entrepreneurship Education Turbo to educational experience and career

13 Interdisciplinary Entrepreneurship Education Calendar Year Certificate in Entrepreneurship and Innovation

14 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

15 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

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

17 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 Launched by the Certificate Program and adopted by the Dept. of Communication Encouraging the involvement of women in entrepreneurship

18 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 ) Agree or Strongly Agree Analytical Skills 81% Communication Skills 87% Presentation Skills 88% Ability to evaluate ideas 94% Confidence that I can be an entrepreneur 90%

19 Entrepreneurship Competitions Elevator Pitch BDMCE Business Plan National – Think Chicago International – Hong Kong Polytech

20 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

21 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

22 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

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

24 Thank You


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