Role of ‘Entrepreneurship Education’ in Promoting Entrepreneurship & Innovation

Adj.Prof. Dr. Martin HaemmigSenior Advisor on Venture Capital

Stanford University – SPRIE &

Member of REE (Roundtable of Entrepreneurship Educators, STVP)

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The Entrepreneurial Ecosystem

Source: World Economic Forum (12-2008)

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Entrepreneurship Education Teaching:‘What / How / Where / Who’

Source: World Economic Forum (12-2008)

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Stanford’s View on “Entrepreneurship Education”to Promote Entrepreneurship & Innovation

Source: Tom Byers, Co-Director Stanford University (STVP_10-2008); Dr. Martin Haemmig

1. Entrepreneurship education has significantly influenced general management education over just a few decades.

2. Entrepreneurship curricula have become much more sophisticated than simply teaching students how to write a business plan.

3. Entrepreneurship education is playing a beneficial “unifying” role across traditional scholarly boundaries within management education.

4. Entrepreneurship educators tend to be leaders in the trial and implementation of the latest advancements in teaching techniques and technologies.

5. Entrepreneurship education is truly part of a global phenomenon.

6. Entrepreneurship educators continues to create a wealth of innovative teaching materials and curricula at a remarkable pace.

7. The difficulty to find assessment metrics that encapsulate the value of entrepreneurship education impact.

www.MartinHaemmig.com © XXX 5 Source: Dr. Martin Haemmig / Data: DowJones (Bangalore_12-2008)

INDIA: VC Deal Flow by Development Stage, 1Q-3Q/2008(% of # deals)

Startup

0%

2%

4%

6%

8%

10%

12%

14%

2005 2006 2007 1Q-3Q '08

Product Development

0%

5%

10%

15%

20%

25%

30%

35%

40%

2005 2006 2007 1Q-3Q '08

Revenue

0%10%20%30%40%50%60%70%80%90%

2005 2006 2007 1Q-3Q '08

Profitable

0%

5%

10%

15%

20%

25%

30%

35%

2005 2006 2007 1Q-3Q '08

Product DevelopmentStartup

Revenue (pre-profit) Profitable

www.MartinHaemmig.com © XXX 6 Source: Dr. Martin Haemmig / Data: DowJones (Bangalore_12-2008)

Europe

10% 9% 13% 11%4% 4%

4% 6%4%5%

30% 29% 23% 27%

54% 55% 55% 50%

7%2%

2005 2006 2007 1Q-3Q '08

US

10% 11% 13% 13%5% 5% 4% 4%3% 4% 5%

26% 26% 26% 26%

57% 55% 53% 51%

2%

2005 2006 2007 1Q-3Q '08

Mainland China

16% 18% 23% 27%12% 14%

21%23%5%

2%4%

5%7%

10%6%

66%56%

45% 40%

2005 2006 2007 1Q-3Q '08

India

18% 24%38%

15%

37% 19%

24%4%

2%

30%

8%11%

7%55%37% 42%

29%

2005 2006 2007 1Q-3Q '08

1’273 1’049 1’087 616 2’493 2’647 2’782 1’916

176 270 281 186 23 41 80 60

United StatesEurope

Mainland China India

½ ITSv.

INDIA: VC Investment by Industry Groups(% of # deal)

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2008-05: Start-ups “Sales but Pre-Profit” Going Global

PRE - PROFIT: of 6’475 companies, 16.4% (1’062) with international office

PROFITABLE: of 2’826 companies, 16.8% ( 475) with international office

Source: Dow Jones/VentureSource, Dr. Martin Haemmig (J.Canning._05-2008)

2’010

334

(17%)

(19%)

453

15 (3%)

(3%)

204

22 (11%)

98

(48%)

7

(3%)

(63%)

1(0.2%)274

(7%)

74 (2%)

3’725 (14%)

72

(2%) 108

(3%)

37 (2%)

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Innovate or Die …. foster “Entrepreneurship Education”

Source: Martin Haemmig