© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Philanthropy Roundtable May 14, 2009 Judith Cone Vice President “Every individual that we can inspire, that we can guide, that we can help to start a new company, is vital to the future of our economic welfare.” — Ewing Kauffman

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. The Role of Donors in Advancing Entrepreneurship in Colleges and Universities

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Enormous pool of ideas, talent, and resources available on campuses. Large investment of public funds. Entrepreneurs create and distribute the goods and services needed by society. –Create jobs and wealth –(often returned to society via philanthropic giving) Entrepreneurship = attitude, a set of skills, and action. Give students, faculty, and staff permission to be problem solvers, invite them to be part of the solution. Teach/learn the skills to bridge the gap between dreaming and doing. Build self-efficacy. Hold up responsible entrepreneurship as a noble pursuit. Why Entrepreneurship on Campus? Unleash Creative Potential for Society’s Good

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Students and Parents are Seeking… Entrepreneurship – one of the fastest growing subjects – quadrupled in last three decades 2,136 of 2,662 two-and four-year non-profit colleges and universities (80%) offer at least one course in entrepreneurship 300+ offer baccalaureate degree 347 offer master’s concentrations (of 847 MBA programs) 30+ Ph.D. concentrations (and growing) 18 academic departments

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Table I Students enrolled in entrepreneurship by academic field of study

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Outcomes Greater appreciation of entrepreneurship’s role in society. More students, better prepared to transform ideas into enterprises that generate value. Greater understanding of entrepreneurship A respected cannon on entrepreneurship New knowledge Innovations applied to society. Enterprises created. Economic resilience, growth, prosperity Educate Service/Outreach/Economic Development Research

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Donors Fund Educate: Course development, internships, idea bounce, business plan competitions, convening faculty; fund experiments, centers, endowed chairs Research: Fund entrepreneurship research; translate and disseminate research; fund dissertations; invest in data sets; books; workshops Service: Move ideas to marketplace (tech transfer); conferences, mentoring models; innovative programs

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Donors Make it Possible – a Few Examples Desh Despande Arthur Blank Sol C. Snider Karl Eller Henry Block Larry Levy Lee Pillsbury Frank Batten Frank Kenan Peter Fox Robert Scandalaris Alec Dingee Jeff Sandefer Burton D. Morgan Eugenio Pino Walter Haas

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Kauffman Campuses Cross-Campus Entrepreneurship Entrepreneurship education available to all students Move beyond business schools to other disciplines –Round 1: 8 schools, $25M + $75M Matching –Round 2: 11 schools, $23M + $120M Matching Matching funds from various sources, entrepreneurs Development officers involved Other schools doing cross-campus with Kauffman’s advising but not funding. A movement?

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. U of Rochester - nursing

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Stanford U – biology – interdisciplinary - fellowships

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Cornell – hospitality

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. U of Maryland, Baltimore County – technologies – market opportunity - management talent - mentoring

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. U of Texas – masters in commercialization

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. MIT - Venture Mentoring – young entrepreneurs

© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved. Georgia Tech + Emory Law – interdisciplinary lab to market