denmark keynote: universities, new ventures, and culture

IkhlaqSidhu,contentauthor

Ikhlaq SidhuFounding Faculty Director Sutardja Center for Entrepreneurship & TechnologyDepartment of Industrial Engineering & Operations Research IEOR Emerging Area Professor Award

Universities,NewVentures,andCultureDenmarkSeptember2017


MyPerspective:Sutardja CenterforEntrepreneurship&Technology

CollegeofEngineering,UCBerkeley

ApproachBerkeleyMethod:Ø EntrepreneurshipØ InnovationLeadership


Our Model Brings Bay Area Executives and Entrepreneurs into the Classroom

1500 Undergraduates100 Ph.D / Graduate Students100 Executives10 Global Partners

Michael Marks, KKR, former CEO, FlextronicsShomt Ghose, Venture Partner, Onset VenturesUdi Manber, VP Engineering, GoogleMarc Andreesen, Founder, NetscapeLarry Baer, COO, San Francisco GiantsAmine Haoui, CEO, Sensys NetworksStacey Lawson, Founder In Part, Executive SeibelJim Davidson, Managing Director, Silverlake PartnersDonna Dubinsky, Former CEO, PalmMatt Caspari, co-founder, Aurora BiofuelsRichard Gorman, SVP, Siebel SystemsMike Olson, founder and CEO, ClouderaBrodie Keast, EVP, TiVoDavid Ladd, Managing Director, MayfieldJeff Miller, CEO, DocumentumEva Miranda, SVP, Sony CorporationRavi Mohan, Managing Director, Shasta VenturesTed Hoff, Inventor,of the MicroprocessorNat Goldhaber, Managing Director, Claremont Creek VenturesPeter Thiel, co-founder and CEO, PayPalVictoria Hale, founder and CEO, Medicines 360Steve Newcomb, founder , Powerset (part of Microsoft�s BING)Pehong Cheng, CEO, Broadvision


LOTS OF ACTIVITY

CHALLENGE LAB

GLOBAL PROFESSORS

NZTV

SELF-DRIVINGCOLLIDER

DATA-X CHATBOT COLLIDER SCET IN TAIWANJOHN BATTELLE

FOUNDER WIRED MAGAZINE

NEWS COVERAGE


Ourmodelhasadapted:Businesstrainingisnottheonlykeyelement

Oureffectivenessformulais:• Depthinanvaluedarea• Entrepreneurial“behaviorsandmindset”

Ourprogramsandprojectsprovidethis.

Our model has adapted: Business training is not the only key element

SkillinaCoreArea

InnovationBehaviorsandMindset“PsychologyofInnovation”

High Potential

Too Narrow

Street smart, but lacking depth


What is happeningat the Sutardja Center (SCET)?

• We are changing education• Students change the world• Our lab area enable new industries and new

ways to collaborate


The Greater Silicon Valley: An Innovation Accelerator

My other perspective is Silicon Valley


Silicon Valley – What is it like?

• Approx.6Mpeople

• 400,000+techjobs(~25%oftheworkforce)

• Moremillionaires&billionairespercapitathananywhereelseinUSandEurope

• Thousandsofexperiencedentrepreneurs.

• 50%ofallventureinvestingintheUS

• 2,000+angelinvestors,29ofthe100largestUScompanieshaveHQinSV

• Decisionsaremadeatlightningspeed

• Followupinhours,notdaysorweeks

DatafromUSMAC


DemystifytheVentureCreationProcess


UniversitiesandIndustryMisconception

Universities

SmartestPeople

NewVentures

Technology

Message1:AMisconception


UniversitiesandIndustry

SmartestPeople

NewVentures

Technology

Thisismisconception

Universities



Universities:StanfordBerkeleySmartest

People

WorldBrainDrain

LargeFirms

NewVentures

Create

Grow

SkilledEmployees



Universities:StanfordBerkeleySmartest

People

WorldBrainDrain

LargeFirmsNewVentures

Create

Grow

SkilledEmployees


ACriticalFactor


• SanDiego• Chicago

TwoCitiesinUSA

Message2:(Innovation)CultureMatters


ComponentsofAnyIndustryClusterorEcosystem

Government Policy

People with Skills

Venture Capital / Private Equity

Entrepreneurs Support System

Universities

Industry Base or Cluster



Government Policy

People with Skills



Universities


Hidden Essential Ingredient



Government Policy

People with Skills



Universities


Hidden Essential Ingredient

Innovation Culture& Mindset


Message3:

Teachboth:skillsforinnovationcultureforinnovation(behaviorandmindset)

WhatCanaUniversityContribute


AdviceforResearchers


ResearchbasedEntrepreneursTendtoWatchtheTrends

DesignOfToday

5years

Densityofmemory

Speedofcomputing

Costofbandwidth

ResearchProjectProposalToday


Misconception

WorkinLabfor5years

ShowWorld

TheyLoveitAndadoptit


Misconception

WorkinLabfor5years

ShowWorld


Instead:

InviteWorld(Industry)to

collaboratewithyou

Letthemtellyouwheretheindustrywillbe

in5years

Intersectwiththeirroadmapin2-3years



Contact:

IkhlaqSidhuFacultyDirector,Sutardja CenterforEntrepreneurship&TechnologyIEOREmergingAreaProfessor,[email protected]

scet.berkeley.edu