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EE/CS Education for the Future:The “Entrepreneurship” Opportunity
Professor Tom ByersJune 17, 2003
http://stvp.stanford.edu
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Our Vision
“We believe engineers and scientists need entrepreneurial skills to be successful at all levels
within their organizations. Our center is dedicated to accelerating high-technology entrepreneurship education and creating scholarly research on
technology-based firms. We prepare students for leadership positions in industry, universities, and
society, and we disseminate our research and teaching knowledge throughout the world. The center is hosted
within Stanford’s School of Engineering.”
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Our Team in EngineeringOur Team in Engineering
Regular Faculty Adjunct Faculty Staff
Tom Byers, Academic Director
Kathy Eisenhardt, Academic Director
Riitta Katila
Bob Sutton
John Weyant
Tina Seelig, Executive Director
Katherine Emery
Sue Purdy Pelosi
Josh Mangum
Michelle Tung
Stan Christensen
Randy Komisar
Tom Kosnik
Mark Leslie
Mike Lyons
Audrey MacLean
Doug Mackenzie
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Who We ServeWho We Serve
~5,000 Stanford science and engineering students each year
~2,000 entrepreneurship professors and senior administrators at universities around the world; these faculty reach ~2 million science and engineering students
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Roundtable on Entrepreneurship Roundtable on Entrepreneurship Education (REE): Focus on University-Education (REE): Focus on University-
Wide, High-Technology ProgramsWide, High-Technology Programs
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Why Teach Entrepreneurship to Why Teach Entrepreneurship to Engineers and Scientists?Engineers and Scientists?
“Society needs engineers who not only solve engineering problems,but who can participate in bringing ideas and products to market.”
--Frank Huband, Director, American Society of Engineering Educators
Region’s economic development
Student’s skill development
University’s competitive advantage
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Seven Important Skills for Tomorrow’s Seven Important Skills for Tomorrow’s Entrepreneurial Leaders Stressed by STVPEntrepreneurial Leaders Stressed by STVP
Creativity and Opportunity Evaluation Real-time Strategy and Decision Making Comfort with Change and Chaos Teamwork Evangelism, Selling, Negotiation, and Motivation
through Influence and Persuasion Oral and Written Communication Basics of Start-Up Finance and Accounting
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Top Ten Elements of High-Top Ten Elements of High-Technology EntrepreneurshipTechnology Entrepreneurship
1. What is high-technology entrepreneurship? What is the difference between an idea and a business opportunity?
2. Why do ventures require dynamic leaders who understand vision, strategy, risk, and tactics?
3. How does context (e.g. economic and political climate) play a role in high-tech entrepreneurship?
4. What is market positioning? Why are partnerships important?
5. What is the purpose of the business plan?
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Top Ten Elements of High-Tech Top Ten Elements of High-Tech Entrepreneurship (continued)Entrepreneurship (continued)
6. Why is cash flow so vital?7. What are the different sources of capital for high-
tech ventures? What are the essentials of the venture finance process?
8. Why is high-tech entrepreneurship a team sport? How can reward systems and company culture inspire innovation?
9. Why are sales and business development skills so valuable?
10. What is the role of ethics in high-tech entrepreneurship?
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Donielle Newell Donielle Newell Junior in Biomechanical EngineeringJunior in Biomechanical Engineering
Enrolled in “Management of Technology Ventures”Enrolled in “Management of Technology Ventures”Stanford UniversityStanford University
“I think that entrepreneurship is at a very important point in history right now. As we see government not
being able to solve the world problems…, it is a particularly critical time for entrepreneurs who really
believe in making people’s lives better through whatever industry they are in. Entrepreneurs have the power to
leverage the economy in order to create societal change. This can be in technology, social issues or whatever someone feels needs to be changed. I believe that
entrepreneurs have a mentality and drive to get things done and they do not allow their resources, or lack thereof, to prevent them from their goals. We need
more people who run the world to have this mentality.”