innovation & entrepreneurship judith cone special assistant to the unc chancellor for innovation...
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Innovation & EntrepreneurshipJudith ConeSpecial Assistant to the UNC Chancellor forInnovation and EntrepreneurshipSenior Fellow Kauffman Foundation
BizStarts Milwaukee Presidents’ Meeting
World Economic Forum► Entrepreneurship and education are extraordinary
opportunities that need to be leveraged and interconnected if we are to develop the human capital required for building the societies of the future.
► Entrepreneurship is the engine fuelling innovation, employment generation and economic growth
► Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.
How?
How?
► Option 1: Encourage lots of experimentation on campus
► Option 2: Have a big vision, followed by a strategic map for how to build a culture of systematic innovation and entrepreneurship
►Works best if the campus has already been experimenting
Build and sustain a culture of systematic innovation and
entrepreneurship
Strategic Development
IdeasDiscoveriesNew Processes & MethodsInventions
IdeationPeople creatingnew knowledge,
researching
TranslationPeople turning knowledge
into practical use, implementation
InnovationPeople contributing new,
better solutions to society.
Translational Pathways
Innovation ProcessProcess for Positive Profound Impact
Positive ProfoundImpact
Academic
EconomicSocial
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
1. Teach, Publish, Present………………………Change the field2. Inform, Service ……Persuade….. Social Entrepreneurship3. License and/or…….. Engage in Growth Entrepreneurship
Entr
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neur
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inds
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Entrepreneuria
l Mindse
t - Entre
preneurial M
indset
Entrepreneurial Mindset - Entrepreneurial Mindset
Ent
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inds
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Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
New Knowledge
Entr
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Entr
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Outcomes
Copyright © 2008 University of North Carolina at Chapel Hill
IdeasDiscoveriesNew Processes & MethodsInventions
IdeationPeople creatingnew knowledge,
researching
TranslationPeople turning knowledge
into practical use, implementation
InnovationPeople contributing new,
better solutions to society.
Translational Pathways
Innovation ProcessProcess for Positive Profound Impact
Positive ProfoundImpact
Academic
EconomicSocial
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
1. Teach, Publish, Present………………………Change the field2. Inform, Service ……Persuade….. Social Entrepreneurship3. License and/or…….. Engage in Growth Entrepreneurship
Entr
epre
neur
ial M
inds
et
Entrepreneuria
l Mindse
t - Entre
preneurial M
indset
Entrepreneurial Mindset - Entrepreneurial Mindset
Ent
repr
eneu
rial M
inds
et
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
New Knowledge
Entr
epre
neur
ial M
inds
et -
Entr
epre
neur
ial M
inds
et
Outcomes
Copyright © 2008 University of North Carolina at Chapel Hill
IdeasDiscoveriesNew Processes & MethodsInventions
IdeationPeople creatingnew knowledge,
researching
TranslationPeople turning knowledge
into practical use, implementation
InnovationPeople contributing new,
better solutions to society.
Translational Pathways
Innovation ProcessProcess for Positive Profound Impact
Positive ProfoundImpact
Academic
EconomicSocial
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
1. Teach, Publish, Present………………………Change the field2. Inform, Service ……Persuade….. Social Entrepreneurship3. License and/or…….. Engage in Growth Entrepreneurship
Entr
epre
neur
ial M
inds
et
Entrepreneuria
l Mindse
t - Entre
preneurial M
indset
Entrepreneurial Mindset - Entrepreneurial Mindset
Ent
repr
eneu
rial M
inds
et
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
New Knowledge
Entr
epre
neur
ial M
inds
et -
Entr
epre
neur
ial M
inds
et
Outcomes
Copyright © 2008 University of North Carolina at Chapel Hill
Values
ResourcesProcesses
SIE
A Culture of Systematic Innovation & Entrepreneurship
Building a Systematic Culture► Be clear about why you are doing this. It is not easy.
► Lead
► Sell the vision to key champions, inside and outside
► Design the process for engaging the campus in this change initiative. Convene a design team that is representative so that your institution can create a roadmap that is appropriate for your uniqueness.
► Put the planning design into action.
► Implement the roadmap
Characteristics► Cross campus and beyond: Faculty, students,
administrators, staff, boards, supporters, communities engaged
► Problem-solution focused
► Multidisciplinary
► Driven by entrepreneurial mindset
► Academia + Industry + Government
IdeasDiscoveriesNew Processes & MethodsInventions
IdeationPeople creatingnew knowledge,
researching
TranslationPeople turning knowledge
into practical use, implementation
InnovationPeople contributing new,
better solutions to society.
Translational Pathways
Innovation ProcessProcess for Positive Profound Impact
Positive ProfoundImpact
Academic
EconomicSocial
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
1. Teach, Publish, Present………………………Change the field2. Inform, Service ……Persuade….. Social Entrepreneurship3. License and/or…….. Engage in Growth Entrepreneurship
Entr
epre
neur
ial M
inds
et
Entrepreneuria
l Mindse
t - Entre
preneurial M
indset
Entrepreneurial Mindset - Entrepreneurial Mindset
Ent
repr
eneu
rial M
inds
et
Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset
New Knowledge
Entr
epre
neur
ial M
inds
et -
Entr
epre
neur
ial M
inds
et
Outcomes
Copyright © 2008 University of North Carolina at Chapel Hill