Why do you want to develop Start-up Centres in your Universities? Presented By: Dr Tim Coole

How to develop Start-up Centres in Universities?

United Kingdom’s experience Where do we start? What are the tensions / barriers? What is an enterprising organisation? What are rewards of getting involved? Do we have the capability? Do we want ownership? Are we credible? What approach should we adopt?

Are we an entrepreneurial university? Can universities adapt? Is organisational change required? Entrepreneurial v Managerial design/culture Re-balancing stakeholder relationships/values? Becoming Learning and Learned organisations Research/development v Research/publication Staff typologies status and rewards ? Academic v administrative v consultant Contract with the student? Open door to entrepreneurs and IPR BUCKS Martyn Robertson

What are issues and barriers to start? Hard to find, generate the idea & recognise opportunities Being alone & remaining motivated Building confidence Having the skill & ability to run a business Developing networks & finding customers Struggle to find capital - Banks don’t like lending Risks are too high Legal aspects of concern

Example: Business Start-Up @ Bucks Uni. Our Aims to raise awareness of entrepreneurship to provide practical support services to students and graduates who are considering self employment as a future career to teach students enterprising / business skills which will enhance their employability

service delivery to graduates Business & Personal Appraisal Access to Finance & Professional Services Expert mentors & business support. On-site counselling Training Programmes Entrepreneurs’ network, Networking Events & Opportunities Incubation Facilities Competitions & Elevator Pitches Embedded Learning Facilities

How many of these services does the university need to deliver? Business & Personal Appraisal Access to Finance & Professional Services Expert mentors & business support. On-site counselling Training Programmes Entrepreneurs’ network, Networking Events & Opportunities Incubation Facilities Competitions & Elevator Pitches Embedded Learning Facilities Proof of concept funding Workshops Incubatee Profile Interested in the individual and their personal motivation and commitment Quality of the business concept ( feasibility, commercial robustness, individual capabilities, etc) BUCKS Martyn Robertson

What we did.. Monthly Information Sessions Needs Assessment Workshops (Knowledge Workshops, business planning, networking etc etc) Annual Summer School Business Concept Competition One to one Appointments with a Business Advisor Business Mentors Proof of Concept funding Access to business incubation

Workshops Business Awareness Idea Generation Proven Idea Business Feasibility & Planning Functional Specialisms

Delivery of Finance & Support On site advisors who access funds Network of Business Angels Committed bank managers Commercial lawyers to package the deals Entrepreneurial accountants to match businesses to their clients’ funds Feasibility study grants Proof of Concept Funds Bright Ideas Funds Regional Venture Capital Funds

A complete package at all stages of the journey to sustainable growth business with standards and values

What the university’s culture has to be:- Professional Well resourced Honest, trusted & respected Valued Listening, caring & supportive but never over-offering Fun & welcoming

19. Example of a website:- WWW.BUSINESS-START-UP.BIZ

Engaging with the Community

A place to be enterprising

A hub of activity

COMPETITIONS between Universities

A showcase of talent?

BUCKS Martyn Robertson Success Stories BUCKS Martyn Robertson

Embedded Enterprise Teaching, Learning & Employability through: Enterprise Café: resources and interaction Faculty Pioneers & Enterprise Fellows Curriculum Evaluation and Scholarly Research projects Staff Development Curriculum Projects Student Placements Student Work and Talent Showcased

Essential questions What are the major organisational barriers your universities need to overcome? What are the major barriers your students and graduates will have to overcome to become successful entrepreneurs? What is the current situation in your universities?