Taylor Randall Dean. Troy D Ambrosio Assistant Dean & Executive Director Lassonde Entrepreneur Institute

Transcription

1 Taylor Randall Dean Troy D Ambrosio Assistant Dean & Executive Director Lassonde Entrepreneur Institute

2 University of Utah 33,000 students (25k undergrad, 8k graduate) $470M in research (federal and corporate sponsored) funding 100 undergraduate majors 94 licenses each year (average) 95 graduate degree programs 76 issued patents each year (average) Source: University of Utah Technology & Venture Commercialization

3 David Eccles School of Business Over 5000 students 9 Under graduate majors 4 MBA options 7 Specialized Masters programs PhD Almost 120 FT faculty 74 tenure/tenure-track > 200 Staff Tier 1 Research

4 David Eccles School of Business

5 David Eccles School of Business Movement in 7 years Up 20 spots Undergraduate 48 MAcc 25 Up 20 spots MBA 57 Undergraduate Accounting 24 Previously unranked PMBA 42 Graduate Entrepreneurship 15 EMBA 21 Undergraduate Entrepreneurship 18 First-time ranking Online MBA 13 MSF 8

6 David Eccles School of Business Relentless focus on Value to Students

7 David Eccles School of Business Focus on the experience Typical Student At Other B-Schools Enter university with thousands of others Common advising, career services for everyone in the university After a couple of years, apply for major No guarantee you will get in Up until now, may have vague tie to a college Take major coursework in specific college Little feeling of belonging Most just want to finish degree Eccles Student Enter Eccles School/ Business Scholars as a Freshman Personalized advising and career approach Global business experiences Close-knit cohort Engage in global and customized Eccles Experiences Transformational experiential opportunities Meaningful student leadership opportunities Challenging curriculum Pursue rewarding opportunity Top graduate school or employment experiences Lifelong friendships and network with students, staff, faculty, and alumni

8 David Eccles School of Business Salary Increase: Undergraduates $53,000 $51,000 Eccles Undergraduate Salary = 26% increase $51,350 $53,050 Select Companies $49,000 $47,000 $48,798 $48,554 $45,000 $45,303 $43,000 $41,000 $42,235 $42,

9 David Eccles School of Business 90% Graduation Rate 2011 Freshman Cohort 80% 70% 60% 50% 40% 62.16% Actual 65.73% Actual 82.50% Actual 30% 20% 10% 31.12% 38.54% 51.43% 0% U of U Eccles Business Scholars 4-year 6-year

10 Pierre Lassonde MBA alumnus Engineering undergraduate Mining entrepreneur Philanthropist Initial funding 2001 Total committed $25M Entrepreneur program - start small and learn 1) Interdisciplinary business, engineering, science 2) Student focused 3) Real world, tech focused, scalable

11 15 years

12 2002 University technologies Market research & commercialization plans technologies Small teams Scholarships Unique experiential education Started with 4 graduate students graduate students Job market springboard

13 Faculty inventions 280 students $2M+ scholarships Engaged 40+ departments 60+ start up companies

14 Source: University of Utah Technology & Venture Commercialization University of Utah startups

15 Recognition Live. Create. Launch. The University of Utah is the No.1 university for commercializing technology innovations. April 17, 2017

16 Student competitions Business plan competition Any college student Managed by students

17 Student competitions Campus executive summary competition 10 partner schools Managed by students

18 Medical device innovation competition Partnered with medical school and bioengineering Small prototyping grant Managed by students 2009 Student competitions

19 2011 milestone funding Milestone grants Any amount Monthly pitch event Voted on by audience Managed by students

20 Student startup companies companies $50M raised Top 20 ranking

21 Mindset & know how = Great jobs Applied education Skills Story Network

22 year review Top 25 program Success starting faculty companies Success starting student companies Opportunities and challenges: 1) How to engage more students freshman, sophomores 2) How to engage other areas of campus fine arts, humanities, etc. 3) How to take the program to the next level 4) How to differentiate our program from the pack

23 Talk to students

24 Where do I find other smart people? Talk to students

25 Where do I prototype my idea? Talk to students

26 Talk to students Where do I run my company (and stay in school)?

27 Talk to students This is not a job I eat, sleep and breath my idea!

28 How to combine?

29 CAMERA PHONE? PHOTOGRAPH TALK

30 FACETIME

31 Site visits

32 Create something new GOALS Merge two programs Synergy Immersed learning Visibility new model Vertical integration Innovation Adaptable / Flexible Successful real estate project Best place in country for entrepreneurial learning Cross pollination State of the art Inspiring student experience hub (central station) Learning by making Mentorship Iconic Engagement (casual) Timeless One of a kind Create the game

33 Traditional

34 Non-traditional

35 New typology

36 Converging space Curriculum Certificates Degrees Student ideas Faculty inventions Community

37 Rethinking the program Broaden the definition of entrepreneur Start a company Learn the mindset Technology Creativity Income Impact Individual Team Planning Doing Our timeline Students timeline

38 Student programs MENTORING FUNDING COMPETITIONS 2,000 + students $500,000 funding 85 student scholarships

39 Overview Open August ,000 sq. ft. 412 beds Total cost $45M Construction cost $35M Pierre Lassonde $7M Others - $3M U of U contribution - $3M Bond - $45M Live. Lassonde Create. Launch. Studios

40 Curriculum & degrees 22 classes 8 faculty Certificate Minor Major Competitions Emerging entrepreneur programs Startup support Technology commercialization 150 students $600,000 scholarships

41 Lassonde Studios Live. Create. Launch. Neeleman Hangar

42 MAKE Space Lassonde Studios Live. Create. Launch.

43 Lassonde Studios Live. Create. Launch. Themed residential floors

44 Lassonde Studios Live. Create. Launch.

45 Lofts Lassonde Studios Live. Create. Launch.

46 Lassonde Studios Live. Create. Launch. Pods

47 Lassonde Studios Live. Create. Launch.

48 Digital generation Gen Z Born after % of the population racially diverse Digitally connected world different social interaction Least likely to believe in the American Dream (9/11 + Great Recession) Entrepreneurial/social value outlook Gen-Z is more conservative, more money-oriented, and more entrepreneurial than the millennials were. "A recent Harvard Business Review article suggested that nearly 70% of Gen-Z teens were 'self-employed' (e.g., teaching piano lessons, selling goods on ebay) vs. just 12% that held a 'traditional' teen job (e.g., waiting tables)," Goldman says Value shoppers

49 Lassonde 400 Live. Create. Launch.

50 Startup deflation Servers Digital Ocean $20/month Heroku free Amazon Web Services $.03 Necessities Hover $41.12/year NameCheap $18/year Klim Type Foundry $600 Stocksy $52.50 Venjuris $375 Ruby on Rails free WordPress free Communication Helpscout free MailChimp $9/month Mandrill free Data collection Google Analytics free GoSquared $9/month Papertrail free New Relic free So, all in, it cost us $1,125 to go from an idea to a functioning software product (including our first month of operations). Moving forward, we re currently burning through about $45/month to keep our software operational. As we grow our customer base, that number will also scale as will the work involved to support and add new features to ofcoursebooks. But still, at $45/month and $1,125 to start the company, means that even if we don t make another dollar, we can stay operational for 20+ years. Entrepreneur Magazine June 10, 2016

51 Cost is not an issue Cost to start a tech company 2016 : $5,000 - $10, months 2006 : $500,000 - $1,000, years 2001 : $5,000,000 - $10,000, years

52 Startup deflation Adaptive manufacturing

53 Student engagement Live. Create. Launch.

54 Student engagement Live. Create. Launch.

55 Student engagement Live. Create. Launch.

56 Academics

57 Student engagement Live. Create. Launch. Utah Maids $100K+ revenue Jaron Hall BS business

58 Student engagement Live. Create. Launch. JoCee Porter BS computer engineering Celebrate Everyday 100 dress loaned out

59 Student engagement Calvin Nicholson BS business Boundary Backpacks $1,100,000 crowd funding

60 Community involvement Live. Create. Launch mentors 300+ events

61 Program recognition Live. Create. Launch.

62 Program recognition Architectural Digest: The 9 Best New University Building Around the World February 23, 2017 SXSW: Learn by Design Winner March 7, 2017

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