Technological Entrepreneurship

Welcome to

GEB 5516

-Technological Entrepreneurship -

Spring 2014

Technological Entrepreneurship

Geoffrey Nicholson said,

“Research is the process of turning money

into knowledge;

and

Innovation is the process of turning

knowledge into money.”

Technological Entrepreneurship

Let’s Get Started…

GEB 5516 -Technological Entrepreneurship -

Spring 2014

Technological Entrepreneurship

200 Years, 200 Countries “Pretty Neat”

So Why Innovate…?

What Does It Take…?

Technological Entrepreneurship

First, Let’s Discuss…

What It Takes

What do you think it takes…?

Technological Entrepreneurship

What It Takes…

Recognizing Opportunity; and Creativity

Make Meaning and Money

Entrepreneurship

Leadership

Technological Entrepreneurship

“I have sometimes almost wish it had been my destiny to be born two or

three centuries hence… For invention and improvement are prolific, and beget more of the kind.”

Ben Franklin (1706-1790)

Technological Entrepreneurship

“ Today, Turbulent and Changing Times…”

Risk and Uncertainty… or

Opportunity

Jobs, Careers…Business, Industry…

Global, Mobile…Trends, Trade…

Customers, Brands…Promises, Value, Delivery…

Technological Entrepreneurship

A Chance of a Lifetime…

“…Be Inspired -- Make The Future…”

Technological Entrepreneurship Getting Started -- Tonight we will cover…

1. Introductions2. Innovation and Entrepreneurship3. The Class and Deliverables 4. Chapter 1 5. Next Steps

Technological EntrepreneurshipTonight’s Learning Objectives Perform introductions and discuss expectations.

Discuss innovation and entrepreneurship.

Communicate semester outlook,

Communicate requirements and deliverables.

Define entrepreneurship.

Explain the role of entrepreneurship in economic growth.

Distinguish entrepreneurial ventures from small businesses in

terms of their purpose and goals.

Describe the evolution of entrepreneurship as a field of study

since the 1960s.

Identify today’s broad trends in the field of entrepreneurship.

Technological Entrepreneurship Getting Started…

Introductions…

Hi, I’m Dr. Tom O’Neal…

And You Are…?

Technological Entrepreneurship Getting Started…Tonight

Let’s Continue And Discuss….

Innovation and Entrepreneurship

The Class & Deliverables

Chapter 1

Next Steps

Technological Entrepreneurship

“…Potential is Tremendous….”

- Opportunity, Growth and Wealth -

Technological Entrepreneurship

Innovation…

Why Innovate?

Technological Entrepreneurship

Why Innovate…- So What…Who Cares…Why You -

Technological Entrepreneurship

Let’s Discuss…Why Innovate

Innovation• “Solve” a Problem• “Improve” the Quality of Life• “Preserve” Something Good

Technological Entrepreneurship

Entrepreneurship

What Does an Entrepreneur Do…?

Who Might They Be…?

Technological Entrepreneurship

The Entrepreneur ….

An Entrepreneur Organizes, Operates and Assumes Risk for a Business Venture

Technological Entrepreneurship

Let’s Discuss…

The Characteristics of Entrepreneurs…

Technological Entrepreneurship

Successful Entrepreneurs Are Principles Based…

Ethical Conduct Vision & Value Focus & Determination Abstract Thinking & Pragmatic Execution Commercialization Flexibility

George Washington“I hope I shall always possess firmness and virtue enough to

maintain what I consider the most enviable of all titles, the character of an Honest Man.” (1788)

Technological Entrepreneurship

Entrepreneurs…

What About You…?

Entrepreneurship

Entrepreneurs…

What’s Hot…

Leadership and Knowledge

Vision and Execution

Economic Environments

Business Eco-Systems

Networks, Platforms, Systems and Connectivity

What’s Hot…

Digital Infrastructure Strategies

Content, Clouds, Networks, Devices and Mobility

Satellites, Grids, Hubs and Bandwidth

Responsible and Responsive

Safety and Security

Renewable and Reusable

Technological Entrepreneurship

Knowledge - UCF patents rank in Top Ten –Again UCF RANKS 8th in USA in PATENT POWER in 2010…!!!

- 2009 - - 2008 -

xx

Technological Entrepreneurship

Technological Entrepreneurship

Rini Technologies, Oviedo, FL• Technologies are leveraged

for a variety of applications • High-power lasers, power

electronics, and personal cooling devices

• Contracts with Natick Soldier Research, Development & Engineering

• RINI Wins $1.7 Million from Navy

Innovative solutions to the

toughest thermal-management challenges

Personal Cooling Systems

Technological Entrepreneurship

Research and

Commercialization at

UCF

What does it look like…?

What does it look like…?

Is there a process…?

Technological EntrepreneurshipThe “Linear” Perspective

Make Meaning and Make Money

Research is the process of turning money

into knowledge;

Innovation is the process of turning

knowledge into money…

What does it look like…?

“Digital

Opportunities…” Knowledge and

Networks

Mobile on Demand

Technological Entrepreneurship

Your Commitment …

“ It May be your first experience with entrepreneurship…

…Make the most of this opportunity ”

Technological Entrepreneurship

Be Prepared….

Challenges

Strategies

Execution

Performance

Launching New VenturesThe Textbook

Part One: Foundations and Opportunities

Part Two: Feasibility and Testing Business Concepts and Models

Part Three: Strategy and Planning

Part Four: Planning for Growth and Change

Technological EntrepreneurshipWebcourses/Canvas

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