rebeca hwang: creation of tech companies and university entrepreneurship

By Rebeca Hwang | YouNoodle | rebeca@youoodle.com

University Entrepreneurship November 24, 2009

Spain

  In the US, 1,274 students in the top 50 programs nationwide launched businesses while still in school.

  Sam Altman, Loopt founder, 19; Facebook's Mark Zuckerberg, 19; Firefox creator Blake Ross was 17.

  MIT’s $100K competition alone has generated 85 companies, market cap over $10BN, generating 2,500 jobs, $600M investment. http://mit100k.org   Academic entrepreneurs account for 8.6% of venture-backed companies founded between 1992-2001.

  In America startups have accounted for almost ALL of the NET JOB creation in the past two decades

Some recent student start-ups:

The life of a startup and an entrepreneur:

Idea Prototype Pre-funding startup

Early stage startup

Series B, C startup Exit

Innovator

Innovator with desire to become an entrepreneur

Successful Entrepreneur

Inspirational stories Technical education, skills

Infrastructure/Labs/Machine shops, Practical classes Team

matching

Networking Workshops Business Plan Competitions

Visibility Track and support with appropriate ecosystem

START OVER

The life of a startup and an entrepreneur:

Idea Prototype Pre-funding startup

Early stage startup

Series B, C startup Exit

Innovator

Innovator with desire to become an entrepreneur

Successful Entrepreneur

Empower and inspire

START OVER

Enable and Facilitate

Track and improve

Set the right expectations

Set the right expectations

Idea Prototype Pre-funding startup

Early stage startup

Series B, C startup Exit

Innovator

Innovator with desire to become an entrepreneur

Successful Entrepreneur

MIT Eng

START OVER

Set the right expectations

Set the right expectations

The path to becoming entrepreneur:

MIT 100K, MIT Ideas

Susan Murcott JA

BASES CTO

YouNoodle Squizz

Overview of programs:

  BASES / Clean Tech Open / Venture Cup:   Classes   Entrepreneurs Thoughts Leaders Program: stories of successes and failures   Workshops   Online social network platform to showcase startups   Accelerators / Startup Weekend   Business Plan, Idea Competitions   Speed-networking with investors   Startup Career Fairs   Externships, Internships, Startup mentors   Alumni Index and Tracking

  Silicon Valley comes to Oxford

  Fantasy Startup Contest

Bob Goodson Medieval Literature (MS) Oxford University English Yelp.com

Rebeca Hwang Chemical, Environmental Engineering (BS, M.Eng) Social Network Theory (PhD) MIT, Stanford Korean-Argentinean

Kirill Makharinksy Math (BS) Oxford Russian Slide.com

Socialnetworkforentrepreneurs

Fastgrowingglobalcommunity

400,000members

50,000startupstracked300groups

Pla>ormforcompe??onsandclubs

EmbeddedYouNoodlecompe??onsubmission

Realizeddataisvaluable

$1BN $100BN1987 2008

Scores:Calcula?on

Labs:Networkanalysis

The Israeli Case:

  1992 Israel founded a 100 M government fund

  Despite Israelʼs small population of 7 M,   it has attracted as much venture capital as France and Germany combined   it has more startups per head than any other country (3850 for every 1844 people)   it has more companies listed in NASDAQ than China and India combined

Questions?