innovation & entrepreneurship
Post on 11-Feb-2016
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Welcome…
“An investment in knowledge always
pays the best interest.” Ben Franklin(1706-1790)
Innovation & Entrepreneurship
“Turbulent Changing Times…”
Uncertainty
“…Jobs and Careers…Business and Industry…”
Innovation & Entrepreneurship
Yet…All of Us…
Have A Chance of a Lifetime
“…We Will Shape and Determine The Future…”
Innovation & Entrepreneurship
Let’s Get Started…
Welcome to
GEB 5516 and GEB 4152
Technology Commercialization And
Technology Entrepreneurship
Innovation & Entrepreneurship
Getting Started…Tonight
1. Introductions2. Innovation and Entrepreneurship3. Class Workshop-Current Trends4. Next Steps
Welcome to
GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship
Innovation & Entrepreneurship
Getting Started…Tonight
Introductions…I’m Tom O’Neal…
Welcome to
GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship
Innovation & Entrepreneurship
7
Why listen to me?
1980’s
Engineer Associate Director @
CREOL
Associate VP
1990’s 2000’s
BSEE
1970’s
Entrepreneur
Founding Director UCFTI now UCFBIP
MSEM, MBA, PhD
FacultyMgmt/IEMS
Entrepreneur
Dr. Thomas O’NealAssociate VP for Research and CommercializationExecutive Director UCF Business Incubation ProgramExecutive Director GrowFL12201 Research ParkwayOrlando, FL 32826oneal@mail.ucf.eduwww.research.ucf.edu
Getting Started…Tonight
Introductions…
And You Are…?
Welcome to
GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship
Innovation & Entrepreneurship
Getting Started…Tonight
IntroductionsInnovation and EntrepreneurshipClass Workshop-Current Trends
Next Steps
Welcome to
GEB 5516 and GEB 4152Technology Commercialization & Technology Entrepreneurship
Innovation & Entrepreneurship
Innovation & Entrepreneurship“…The Potential is Tremendous….”
Opportunity, Growth and Wealth
Innovation Requires Energy, Effort and Time….
So What…Who Cares…Why You Innovation Entrepreneurship Investment Knowledge Wealth
Innovation & Entrepreneurship
Innovation…Why Innovate?
Innovation & Entrepreneurship
Let’s Discuss…Why Innovate
Innovation “Solve” a Problem “Improve” the Quality of Life “Preserve” Something Good
Innovation & Entrepreneurship
Entrepreneurship
What Does an Entrepreneur Do…?
Who Might They Be…?
Innovation & Entrepreneurship
The Entrepreneur ….
An Entrepreneur Organizes, Operates and Assumes Risk for a Business Venture
Innovation & Entrepreneurship
Let’s Discuss…
The Characteristics of Entrepreneurs…
Innovation & Entrepreneurship
Entrepreneurs…
What About You…?
Innovation & Entrepreneurship
Successful Entrepreneurs Are Principles Based…
Ethical ConductVision & ValueFocus & DeterminationAbstract Thinking & Pragmatic ExecutionCommercialization Flexibility
Innovation & Entrepreneurship
Investments in Innovation…
Commitments!!! Passion Vision CASH FLOWS
Innovation & Entrepreneurship
Innovation &Entrepreneurship Knowledge - UCF patents rank in Top Ten -Again - 2009 -
Knowledge… Knowledge is Valuable…!!!
Innovation & Entrepreneurship
Innovation & Entrepreneurship
Wealth…
Entrepreneurs…
Innovation & Entrepreneurship
UCF Research Foundation
What’s Hot…
Knowledge, Vision and Execution
Digital, Molecular & Nano Infrastructures, and more…
Life Sciences
Energy, Clean Tech, Green Tech
Environments, Platforms, Systems and Connectivity
Innovation & EntrepreneurshipLet’s Discuss The Class….
Opportunities
Challenges
Strategies
Planning
Execution
Performance
Innovation & Entrepreneurship
Major Deliverables….
Your Entrepreneurial Challenge
Your Class Participation!!! The Elevator Pitch…(30%) The Venture Project…(40%)
Innovation & Entrepreneurship
Your Commitment …
Do the Work and Earn Your Grade…!!!
(Maybe your first experience with entrepreneurship)
Vision to Reality
“Tis easy to see, hard to foresee.”Ben Franklin(1706-1790)
------------------------------------------------
“People often fail because they trade what they want most for what they want now.”
Vision To RealityThe Road Ahead…
Part One: Opportunity
Part Two: Feasibility
Part Three: Planning
Part Four: Growth and Change
Elevator Pitch and Venture Presentations---------------------------------------------------------------------------------------------------------------------------------
Now ….”A Group Exercise” – Current Trends
Class WorkshopBreak into groups of 4-5 people
As a group, discuss and agree on 3 current
trends that may affect your pursuit for a professional career and/or business Idea.
Present Three Trends and WHY… > One power point, no more than 6 bullet points
Class WorkshopBreak out….
One power point, no more than 6 bullet points
Three Current Trends…
Trend One… And Why Trend Two… And Why Trend Three… And Why
Vision to Reality
* Workshop Observations…
Wrap Up….The Syllabus
On The Website
Next Week…
The Journey Continues…
Vision to Reality
Thank you for tonight
Great to see you here
Let’s be entrepreneurial together this semester
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