The Eugene Lang Entrepreneurship Center Prepared for the Columbia MBA February, 2009
How Do We Help You Launch Your Business? Foundation, Master and Electives Courses The Lang Fund Other Events, Services and Resources 2
Foundation, Master, and Electives Courses Four Career Tracks New Ventures Entrepreneurial Finance Social Entrepreneurship Entrepreneurship in Large Organizations 3
The Lang Fund: Purpose and History Founded by Eugene M. Lang, MS 40, Founder and Chairman Emeritus of REFAC Technology Development Corporation 4
The Lang Fund Investment The Fund will make an immediate initial investment, typically in the amount of $25,000, in the form of a convertible demand note in ventures that meet its investment criteria The Fund retains the right to make an additional equity investment in the business when the business raises its first round of equity backed by professional investors The Board retains sole discretion for deciding which businesses it will fund each year 5
Important Dates Spring Venture Showcase Info Session 12:30-2pm February 24 Uris 330 Venture Showcase Business Plans Due 5pm April 6 Uris 317 Spring Venture Showcase Event 6:30-9pm April 23 Warren Hall 6
Other events, services and resources available to you 7
The Entrepreneurial Sounding Board All sessions are 30 minutes each Concepts can be at any stage of development You are in charge of the meeting All sounding board sessions are confidential 8
The Entrepreneurial Sounding Board Review the Sounding Board Practitioner s biographies Sign-up sheets are located in Uris 317 Students should sign up in advance and sign up for only one slot per month http://www4.gsb.columbia.edu/entrepreneurship 9
The Fall Venture Fair The Lang Fund Process It all starts in the fall semester with The Fall Venture Fair From the fall to the spring. Then, The Venture Showcase 10
The Columbia Family Business Network 3-4 events per fall and spring semesters - February 18: Family Business Luncheon 12:30-2pm Uris 301 - March 18: Family Business Luncheon 12:30-2pm 2pm Uris 329 - April 1: Family Business Panel Event 5:30-7:30pm Uris 333 Past topics Setting up the family office Succession planning Compensating siblings 11
Outrageous Business Plan Competition More than just a competition It offers students the opportunity to pitch their outrageous business ideas to a panel of judges Participants will be asked to perform a 2-minute pitch in an elevator A total of $14,000 will be awarded to the 1 ST, 2 ND, 3 RD winner(s). Judges have the option of awarding up to $5,000 to outrageous socially responsible businesses and an award for the most outrageous elevator pitch http://merlin.gsb.columbia.edu:8080/ramgen/video3/centers/lang/flocabulary.rm April 3, 2009 12
Additional Resources Women Entrepreneurs Network Free sample business plan Business plan library Articles, guides, library and website resources Fu Foundation School of Engineering and Applied Science Engaged Entrepreneurship Program: visit: http://ctice.columbia.educolumbia edu
Events, Competitions, and Funding Opportunities The Lang Fund Process The Columbia Family Business Network Global Social Venture Competition Outrageous Business Plan Competition Program Resources and Information Sessions CEO Supercharger Info Sessions of Upcoming Events The Entrepreneurial Sounding Board Women Entrepreneurs Network [WEN] Student Clubs Social Enterprise Technology Business Group Columbia Women in Business Small Business Consulting Group Private Equity and Venture Capital Columbia Entrepreneurs Organization A fully integrated program Foundation, Master, and Electives courses Four Career Tracks New Ventures Entrepreneurial Finance Social Entrepreneurship Entrepreneurship in Large Organizations 14