SCORE Luncheon Remarks
11:45 A.M., Friday, September 10, 2010
Oak Hill Country Club
The 21st Century Entrepreneurial Movement
Sherry Tshibangu
Assistant Professor
Business Administration and Economics
Monroe Community College
Co-Founder of Pathways to Entreprenuerial Success
Strengthen by:
National Agenda
Economic Changes
Greater collaboration between business colleges and universities
Internet explosion
Questions
Social Media
I have a face book, Twitter or LinkedIn account
- I use it/them and I know the difference?
- Resources
- I can explain the difference between services offered by SCORE vs. SBDC
- I am familiar with resources available to entrepreneurs
- City of Rochester, County etc.
- HTR www.htr.org
- Update Venture Connect
- http://www.upstateventureconnect.org/
- At local colleges and universities
Today
Factors fueling entrepreneurial movement
SUNY/ MCC Strategic goals to support entrepreneurship.
How do we provide added value to entrepreneurs in the 21st century?
Factors fueling entrepreneurial movement
Entrepreneurialism deeply rooted in the history of our country
Founded and settled by risk takers and innovators
“New business enterprises created by entrepreneurs are a far larger component of the U.S. economy than in other developed countries”.
On any given day in the United States: more people are trying to start a new business than are getting married or having children.”
- The Presidential Summit on Entrepreneurship April 26-27, 2010
- Highlights public-private partnership among U.S. and Middle East communities
Internet Explosion
Minipreneurs –super small scale enterprises. Includes freelancers, web-driven entrepreneurs
Virtual Instant Global Entrepreneurship (VIGE)
Ecommerce to handle global trade
Using websites like eBay or eLance to quickly establish a global presence (if you have connections)
University/ Business Collaboration
- Historically very close relationships between Universities and industry.
- Stanford University and Google
- University of Rochester & HTR
- Monroe Community College & Industry.
The Entrepreneurial Century
The nation’s largest comprehensive system of public higher education - SUNY
64 institutions
Institutionalized Economic Development
- Several initiatives to support entrepreneurs.
SUNY’s Moment
“in a knowledge economy, institutions of higher education can and must be pivotal in generating growth and revitalizing communities.”
Nancy L. Zimpher, Chancellor SUNY
SUNY’s Six Big Ideas
1. SUNY and the Entrepreneurial Century
2. SUNY and the Seamless Education Pipeline
3. SUNY and a Healthier New York
4. SUNY and an Energy-Smart New York
5. SUNY and the Vibrant Community
6. SUNY and the World
SUNY The Entrepreneurial Century
Three major initiatives
- SUNY STARTUP
- SETTING THE STAGE FOR INVESTMENT
- SUNY-INC
SUNY STARTUP
- Entrepreneurial mindset within the institution
- Mentorship program with local entrepreneurs
- Students, researchers, faculty reaching out to community
- Increase the number of entrepreneurship course
SETTING THE STAGE FOR INVESTMENT
Grow market share of research funding
Grants, Federal, State, private and venture capital.
To support research in areas such as
Energy, health sciences and nanotechnolgy
SUNY-INC Incent New Companies
- Coordinate the work of researchers across SUNY campuses/public/private organizations
- Innovative and highly marketable ideas
- Create a team of researchers in different areas e.g. Energy, health and life sciences
Develop a chain that links all the players into a fast-track process from concept to commercialization.
The end result: new companies, new jobs, and the growth of a new economy.
SUNY- International Entrepreneurship
(at the community College level)
SUNY Community Colleges and the Entrepreneurial Century Grant Proposal
- SUNY BMENA
- Broader Middle East and North Africa
- MCC, Nassau, North Country & Onondaga
- Establish a Community College Entrepreneurship Center (CCE Center
Monroe Community Colleges and The Entrepreneurial Century
- Newly created position: VP, ED and IWS
Workforce Development, Technical Education - College Partnerships and Grants. College's chief outreach officer to the business, industry, and governmental sectors
- Development of innovative, entrepreneurial, & strategic initiatives
SCORE partnership (Beta) Test
QUICKSTART Series September 11, 2010
Pathways to Entrepreneurial Success November 18, 2010
http://entrepreneurshipforum.org
Supporting the 21 Century Entrepreneurial Movement
How can we help?
Make it easier for them to connect to the resources they need
Educate ourselves – Stay current!!
Help them leverage the internet for sales and distribution of products
Social media
Partnerships
Continue looking for opportunities
Follow up with new VP at MCC
Follow up on offers to assist entrepreneurs
Closer relationship with those teaching entrepreneurship
Continue offering relevant workshops
Best ways to deliver?
Connect Similar Businesses
Use our national and international connections
Summary
Interest in starting new business will continue
Additional support via more colleges and universities- e.g. SUNY
The internet/ global continue to affect how businesses do business.
Those supporting entrepreneurship movement must stay connected and current
Thank You!