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

Dr. Tim Coole presents the process of developing start-up centers in universities, addressing barriers, rewards, and the need for an entrepreneurial culture. The experience of Bucks University in raising awareness and providing support services is highlighted.

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

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

  2. How to develop Start-up Centres in Universities?

  3. 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?

  4. Are we an entrepreneurial university? • Can universities adapt? Isorganisational 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

  5. 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

  6. 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

  7. 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

  8. 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 BUCKS Martyn Robertson

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

  10. Workshops • Business Awareness • Idea Generation • Proven Idea • Business Feasibility & Planning • Functional Specialisms

  11. 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

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

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

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

  15. Engaging with the Community

  16. A place to be enterprising

  17. A hub of activity

  18. COMPETITIONS between Universities

  19. A showcase of talent?

  20. Success Stories BUCKS Martyn Robertson

  21. 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

  22. 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?

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