Welcome… “An investment in knowledge always pays the best interest.” Ben Franklin ( ) 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.Introductions 2.Innovation and Entrepreneurship 3.Class Workshop-Current Trends 4.Next Steps Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship Innovation & Entrepreneurship

Getting Started…Tonight Introductions… I’m Tom O’Neal… Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship Innovation & Entrepreneurship

7 Why listen to me? 1980’s Engineer Associate CREOL Associate VP 1990’s 2000’s BSEE 1970’s Entrepreneur Founding Director UCFTI now UCFBIP MSEM, MBA, PhD Faculty Mgmt/IEMS Entrepreneur Dr. Thomas O’Neal Associate VP for Research and Commercialization Executive Director UCF Business Incubation Program Executive Director GrowFL Research Parkway Orlando, FL

Getting Started…Tonight Introductions… And You Are…? Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology Entrepreneurship Innovation & Entrepreneurship

Getting Started…Tonight Introductions Innovation and Entrepreneurship Class Workshop-Current Trends Next Steps Welcome to GEB 5516 and GEB 4152 Technology Commercialization & Technology 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 Conduct  Vision & Value  Focus & Determination  Abstract Thinking & Pragmatic Execution  Commercialization Flexibility Innovation & Entrepreneurship

Investments in Innovation… Commitments!!!  Passion  Vision  CASH FLOWS Innovation & Entrepreneurship

Knowledge - UCF patents rank in Top Ten -Again

Knowledge… Knowledge is Valuable…!!! 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 & Entrepreneurship Let’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 ( ) “People often fail because they trade what they want most for what they want now.”

Vision To Reality The 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 Workshop Break 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 Workshop Break 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