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Weinert Center for Entrepreneurship
USASBE 2009
Documentation of the following: Innovativeness and uniqueness Quality and effectiveness Completeness and
comprehensiveness Sustainability Transferability
Agenda
Weinert Center for Entrepreneurship
Weinert Center for Entrepreneurship
In School of Business Primary focus is on MBA’s. We
also offer an undergraduate major and have Ph.D. students
Affiliated with campus-wide programs and activities– INSITE– Kauffman Grant– Entrepreneurship Association– Badger Angels Network
Part of relatively small MBA program -- 120 students per year
Hundreds of students in MBA classes, but only 10 majors admitted each year
Weinert Center Faculty/Staff
Dan OlszewskiCenter and WAVE Director
Ramon J. AldagExecutive Director
Janet ChristopherAcademic Specialist
Rebecca BuckmanUniversity Services Program Associate
Lori CrossFaculty/Associate
Jon EckhardtProfessor, Management and Human Resources
Phil GreenwoodFaculty/Associate
Phil KimProfessor, Management and Human Resources
Ankur MalhotraFaculty/Associate
Anne MinerProfessor, Management and Human Resources, INSITE/SMILES
Barry GerhartChair, Management and Human Resources Department
Affiliated and Core Faculty
Mason CarpenterM. Keith Weikel Professor in Leadership
Cynthia DeversProfessor, Management and Human Resources Department
Gregory DeCroixProfessor, Operations and Information Management
Randall DunhamKeenan A. Bennett Chair of Industrial Management
Donald HauschDickson-Bascom Professor of Business
Jan HeideIrwin Maier Chair of Marketing
Kenneth KavajeczProfessor, Finance, Investment and Banking
Qing LiuProfessor, Marketing
Antonio MelloProfessor, Finance
Hollis SkaifeProfessor, Accounting and Information Systems
Masako UedaProfessor, Finance and Investment Banking
Weinert Advisory BoardTom PyleChairman
The Pyle Group
Mike SmithCEO
Avelle, the new Bag, Borrow or Steal
Irwin SmithSenior Managing Director
Nakoma Capital Management, LLC
Neil ThallFormer CEO
Aldata Solution, Inc.
David WalshPartner
Foley & Lardner, LLP
Andy AlbertManaging Director/Operating Partner
Svoboda Capital Partners LLC
Laurie BensonCEO
Inacom
Chris HornungCEO
Next Testing
Steve JacobsonPresident
Fairway Independent Mortgage Co.
Aaron KennedyFounder
Noodles and Company
Jack LavinFormer CEO and PresidentArrow Financial Services
WAVE Advisory BoardMike MathewsRuedebusch Development and Construction
Dan NeelyNetworked Insights
John NeisVenture Investors of WI
Bruce NeviaserContinuum IP
Dan NicholsAnchor Bank
Chuck OehlerThe Oehler Group
Kay PlantesPlantes Company
Neil Peters-MichaudCascade Asset Mgt.
Paul ReckwerdtTomoTherapy
Terry SivesendPoseidon Probes LLC.
Peter ZaballosFrazier Technology
Joe BoucherNeider & Boucher
Scott BrauchtScott Braucht & Assoc. LLC
Laura FrancisPromega
John KomivesLakeshore Group
Greg LynchMichael Best & Friedrich
Innovativeness and Uniqueness
Weinert Center Role
Recru
itmen
t
Instru
ction
Placem
ent
Alumni
Suppo
rt
Fundraising
Outreach/Economic Development
Research
Faculty / Staff Development
Primary- STUDENTS
Secondary
Current & Past •Competitive
Analysis of other programs
•Presented at National Conference of E-ship Centers
•E-mail to W-Club alumni re scholarship in E-ship
•Student Competitions• VCIC• Burrill• WI Governor’s• SDSU• Moot
•50+ guest lecturers/year
•Spring ‘07 trip to Seattle
•Fall ‘07 trip to Chicago
•Undergrad major
•Open more e-ship courses across campus
•Published E-Resume Books for Board and UW Research Park
•Created database of Dane Co. Top 200
•WARF, Badger Angel Capital Network & other campus linkages
•Business School survey shows E-ship has above average salaries 5 years out
•Newsletter expansion
•100% giving from grad class in 2007
•Created a “Friends of the Center” email list (~500)
•Proactive job search for local firms (WARF start-up manager)
Recru
itmen
t
Instru
ction
Placem
ent
Alumni
Suppo
rt
Going Forward
•Improved marketing materials
─ Website
•Advertising
─UW Alumni Assoc.
─W Club Alumni
•Improved integration of lock-step courses
•WEB 2009
•New undergrad residence hall
•Spring ’09 Trip TBD
•Student start-ups (TBD)
•Start-up mentoring service- MERLIN
•Internship opportunities via Career Center and Advisory Board
•Improved networking opportunities between students and alums
•Facebook/ Linkedin groups
Recru
itmen
t
Instru
ction
Placem
ent
Alumni
Suppo
rt
Students are Admitted Directly to the Weinert
Center -- Benefits Interview all applicants that pass initial screen, preferably in person
Helps assure real interest in, passion for, and promise for entrepreneurship
Know students from Day 1 and do intensive interviewing and surveying to learn more about specific goals, concerns, perceived areas of strength or weakness
Can better structure sequence of course offerings
Second years can serve as mentors Work on internships
Investment Fund
Dan Neviaser
The Weinert Applied Ventures Fund and Neviaser Entrepreneurial Fund are available to make investments in existing firms and promising student start-ups
Currently up to $100,000 per investment
Jim Weinert
WAVE Funded Start-Up BusinessesYear Name Description
2007 WindLift Wind-Powered Pumping System
Sandbox International Innovation Focused Consulting Firm
2006 GetIPIC (a.K.a. Card) Identity Theft Protection
2005 Ratio Drug Delivery Patch for Prescribed Meds
2002 Fluent Systems Wireless Feedback System
Alto Vino Wine Distributorship
2001 Power Designers Power Systems Equalizer Technology
SciBiz Commercialization of Intellectual Property
Agave Group Entrepreneurial Consulting
1999 Cascade AssetManagement
Computer Systems Recycling
Errand Solutions Internet Concierge Business
1998 Gala Design Protein Expression Technologies
UCLID Software (ExTract Systems) GPS Mapping Conversion Software
WAVE Funded Start-Up Businesses
Other WAVE Start-Up Businesses
Curriculum
WAVE Practicum I & 2
Higher level, integrated, and expanded coverage of material from other courses
Close interaction with WAVE board
Three projects:– Work with individual or
business to deal with entrepreneurial issues -- sometimes from University Research Park
– Work with Wisconsin Alumni Research Foundation
– Work on own projects
WAVE Practicum I & II -- Wisconsin Alumni Research Foundation (WARF)
Class Speakers for Fall 2007- Spring 2008
John Neis, Venture InvestorsBruce Neviaser, ContinuumJim Weinert, Founder, Weinert CenterPete Zaballos, Frazier TechnologyPaul Reckwerdt - TomoTherapyJJ Vosskamp - Cascade Asset MgmtLaurie Benson - InacomDeven McGlenn, NeocloneBill Skeens, Prairie City BakeryChris Hornung - Next StepPer Anderson, MetavanteJay Loewi-QTI Group Judy Faulkner-Epic SystemsJoan Gillman, Wisconsin School of Business Rimas Buinevicius -Sonic Foundry Laura Frances, PromegaCharlie Flad, Sun Prairie Police Dept.Heather Hilleren, GreenLeaf MarketBen Hobbins, Lake Resources GroupDan Howell, Mesirow FinancialSteve Jacobson, Fairway Independent MortgageKevin Phelps, UW Bookstore
Mary Burke-Former WI Sec. of Comm./TREK Bike
John Schuster-YS&M Beth Donley, Stemina Sherwin Greenblatt , Bose FounderMark Bennett, Total Training
SolutionsTom Burke, Primorigen BioSciencesDave Casimir, Casimir JonesAndy Cohn, WARFScott Daigger, Sandbox
InternationalTodd Wendrick, Sandbox
InternationalBryan Esch, DeWitt Ross & StevensCraig Fieschko, DeWitt Ross &
StevensRalph Kauten, Quintessence
BiosciencesAnkur Malhotra, Matador
ConsultingPat McGraw, Amcore BankSonya Newenhouse, Madison
Environmental GroupBrent Newport, aKa CardDan Nichols, Anchor BankRay Zemon, ShopbopHenry Wilde, WI Department of
CommercePeter Weber, UW Student
Chad Sorenson, SologearKavi Turnbull, WAVE StudentElizabeth Wewerka, Lady MoxieChris Dueringer, US BankJoe Boucher, Neider & Boucher, S.C.Elizabeth Wewerka, Lady MoxieRobert Creighton, WindLiftGeorge Arida, Venture InvestorsIan Gurfield, Ian’s PizzaRock Mackie, TomoTherapySue Alt, Kitchen HearthAmanda White, Community CarTim Gill, NetconceptsBen Hobbins, Lake Resources GroupShannon Davis, Virchow Krause & Co.Joe Pieper, Associated BankRuth King, The Profitability ChannelCarol Schroeder, Orange Tree ImportsKevin Phelps, WI Book StoreMark Bennett, Total Training SolutionsMichelle Collins-founder Svoboda CollinsChuck West-UWEX
Outside Elective CoursesAgriculture and Applied Economics AAE 520 - Community Economic Analysis AAE 575 - Economics of Innovation & TechnologyAccounting ACCT IS 603 - Financial Statement Analysis ACCT IS 620 – Fundamentals of Taxation ACCT IS 701 - Financial Reporting IConsumer Science CNSR SCI 561 - Direct Retailing Economics ECON 464 - International Trade & Finance ECON 671 - Energy EconomicsEducational Leadership and Policy Analysis ELPA 841 - Legal Aspects of Higher Ed ELPA 870 - The Politics of EducationEducational Psychology Ed Psych 761 - Statistical Methods - Applied to Ed IIEngineering CIV ENGR 423 - Air Pollution Measurement & Control ENVIR ST 810 - Energy Analysis Seminar ME 370 - Energy Systems Laboratory ME 466 - Air Pollution - Measure & Control ME 549 - Product DesignEnvironmental Studies ENVIR ST 809 - Energy Analysis & Policy Seminar ENVIR ST 810 - Energy Analysis SeminarFinance FINANCE 635 - Security Analysis FINANCE 721 - Investment Theory & Application FINANCE 726 - Valuation & Corporate Investment Decisions FINANCE 740 – Analysis – Fixed Income SecuritiesGeneral Business GEN BUS 765 - People, Planet, Profit: Expl Sustainability & Bus GEN BUS 765 - Business & the Social Side of Sustainability
Law LAW 731 - Constitutional Law I LAW 744 - Administrative Law LAW 753 - Intro-Intellectual Property Law LAW 802 – Civil Procedure II LAW 817 - Business Organizations I LAW 953 - Bus Org Smr: Law & Entrepreneurship LAW 991 - Directed ReadingManagement and Human Resources MHR 703 - Global Issues in Management MHR 765 - Technology Entrepreneurship MHR 765 - Strategic Management in the Life and Engineer Sciences MHR 734 - Venture Creation Business Plan Development MHR 799 - Reading & Research ManagementMarketing MARKETING 705 - Consumer Behavior MARKETING 710 - Marketing Research MARKETING 715 - Marketing Communications MARKETING 724 - Strategic Global Sourcing MARKETING 725 - Marketing Channels MARKETING 730 - Product & Price Management MARKETING 737 - Developing new Products MARKETING 765 - New Product Development MARKETING 765 - Supply Chain Integration through ERP Systems MARKETING 765 – Emerging Issues in New Product DevelopmentMath MATH 340 - Matrix & Linear Algebra
Operations and Technology Management OTM 671 - E-Bus. Technology, Strategy & Application OTM 710 - Operations Research I OTM 711 - Operations Research II OTM 770 - Quality & Productivity Improvement OTM 861 - Strategic Management & Qualitative PlanningPublic Affairs PUB AFFR 841 - Smr - International Business & GovernmentReal Estate REAL EST 730 - International Real EstateTransportation and Public Utilities TRAN PU 725 - Public Utilities
Meeting Entrepreneurs World-Wide
Seattle California
International Trips
Chicago
Unique Entrepreneurship Extension Second Wisconsin Entrepreneurial Bootcamp (WEB)
– WEB focuses on three domains of technology entrepreneurship, including how to:
– 1. Imagine, create and assess opportunities. (Using multiple lenses such as viable business models and intellectual property issues.)
– 2. Develop resources for organization & strategy. (Form teams, seek funding).
– 3. Use accounting and finance (As language and assessment tool). For all content areas, WEB offers specific opportunities to:
*Develop the student's ability to use practical tools
*Deepen the student's conceptual ability to explore fundamental links between tech and business *Broaden the student's factual knowledge about technology strategy and entrepreneurship.
Second Wisconsin Entrepreneurial Bootcamp
(WEB) Students
COMPETITION AWARDS
MBA International Business Case Competition 1st Place
Pac-10/Big Ten Case Competition 2nd Place
Wisconsin Governor’s Business Plan Contest 1st, 2nd Place
Venture Capital Investment Competition, Austin, TX 1st, 2nd, 3rd Place
International Business Plan Competition, Lincoln, NE 1st Place
Lee Kwan Yu Global Business Competition, Singapore 1st Place
G. Steven Burrill Technology Business Plan Competition, UW-MadisonNelson Institute Green Entrepreneurial Venture Recognition
1st, 2nd & 3rd Place, Honorable Mention1st Place
Tong Prototype Contest, UW-Madison 1st Place
NASDAQ/Qualcom Business Plan Competition, San Diego, CA 1st, 2nd Place
Moot Corp Business Plan Competition, Austin, TX 2nd & 6th Place, Outstanding Presentation
Oregon State New Venture Competition, Eugene, OR 2nd Place
University of Cincinnati Spirit of Enterprise MBA Business Plan Competition 2nd Place
Elevator Pitch Olympics at the Wisconsin Early Stage Symposium 1st Place
Competitions
Students
The true test is the success of our students. The following slides will introduce them to you and show the statistics regarding their placement over the past three years.
Survey shows that entrepreneur students from our program seven years after graduation averaged $130,000 compared to $107,500 for all Wisconsin School of Business masters degree alumni seven years post-graduation.
WAVE Student Placement at Graduation 2006-2008
Founded Start-Up
Small/Mid-Sized Company Service Provider
Large Company
Ranked #13 in U.S. & #1 in Big Ten in 2008
Innovativeness and Uniqueness
Selection directly into program Work on outside projects in all
classes Dual advisory boards WAVE investment fund Spring and winter trips WAVE Practicum Personal, individualized
attention Financial support for all
Weinert Center students Other activities and programs
such as WEB, dorm space, student incubator
Quality and Effectiveness
Satisfaction of graduates – all 2008 graduates made financial contributions to the center
Success of start-ups Internship success Placement success Salaries and equity More applicants than any other center Businesses and individuals helped by
center Assistance in development of
entrepreneurship and related infrastructure in the Madison area.
Entrepreneur Magazine/Princeton Review ranking
Active alumni involvement
Completeness and Comprehensiveness
Full range of course offerings in the Weinert Center, School of Business, and across campus
Links across campus to INSITE, Kauffman grant, Entrepreneurship Association
Kauffman support to grow entrepreneurship at UW-Madison, across the UW system, and statewide
Sustainability
Endowment WAVE Fund Kauffman funding, including
leadership by Chancellor Martin $85 million Wisconsin School of
Business naming grant Two very supportive advisory
boards Continuing curriculum
refinement, development, and coordination
Links to WARF and University Research Park
Strong, active alumni base Ongoing fundraising and
alumni involvement activities
Transferability Our mission is consistent with the USASBE mission which is
to advance knowledge and foster business development through entrepreneurship education and research.
Leading entrepreneurship faculty continue to do research, teaching, and advancement of entrepreneurship.
Extensions across campus provide evidence of transferability.
Questions?
Thank you for the opportunity to show the USASBE more in-depth details of our program!