innovation & entrepreneurship judith cone special assistant to the unc chancellor for innovation...

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

epre

neur

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Entrepreneuria

l Mindse

t - Entre

preneurial M

indset

Entrepreneurial Mindset - Entrepreneurial Mindset

Ent

repr

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inds

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Entrepreneurial Mindset - Entrepreneurial Mindset – Entrepreneurial Mindset

New Knowledge

Entr

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ial M

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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