hkust entrepreneurship education: educating the
TRANSCRIPT
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HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:HKUST Entrepreneurship Education:Educating the NextEducating the NextEducating the NextEducating the Next----Generation EntrepreneursGeneration EntrepreneursGeneration EntrepreneursGeneration Entrepreneurs
HKUST entrepreneurship education and minor 1
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Today’s AgendaToday’s AgendaToday’s AgendaToday’s Agenda• 6:30-6:55pm: HKUST entrepreneurship education and minor program
(including ENTR 4901-4904) by Prof Robert Ko
• 6:55-7:10pm: Course introduction (ENTR 2010 and ENTR 3030) by Prof Erwin Huang
• 7:10-7:25pm: Entrepreneurship activities by Entrepreneurship Center by Prof Gary Chan
• 7:25-7:35pm: Q&A
• 7:35-7:45pm: Light Refreshment
• Special acknowledgement to those behind-the-scene heroes on entrepreneurship education:
• Prof. Roger Cheng (Associate Provost on Teaching and Learning)
• Prof. Kar Yan Tam (SBM)
• Prof. Ravi Goonetilleke (SENG)
2HKUST entrepreneurship education and minor
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HKUST Entrepreneurship MinorHKUST Entrepreneurship MinorHKUST Entrepreneurship MinorHKUST Entrepreneurship Minor
Robert KO
Professor, Division of Life Science
Program Director, Minor Program in Entrepreneurship
Sep 7, 2017
HKUST entrepreneurship education and minor 3
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Defining EntrepreneurshipDefining EntrepreneurshipDefining EntrepreneurshipDefining Entrepreneurship
• Starting up new business or service which creates or enhances social, economic and cultural value
• Often due to innovations or discoveries on
• Technology and engineering
• Science
• Business model and operation process
• Social science and humanitarian needs
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Defining EntrepreneurshipDefining EntrepreneurshipDefining EntrepreneurshipDefining Entrepreneurship
• Examples
• Founding commercial ventures
• Joining startups
• Social innovation and services
• Environmental and green entrepreneurship
• Innovation within large corporations (e.g., google and facebook)
• etc.
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Source: Startmeup.hk (2015)
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An Alternative Career ChoiceAn Alternative Career ChoiceAn Alternative Career ChoiceAn Alternative Career Choice
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Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by Entrepreneurship Minor: A Joint Minor by SENG, SBM and SSCISENG, SBM and SSCISENG, SBM and SSCISENG, SBM and SSCI
Entrepreneurship seminars and
readings
• Sampling, reflections and overviewing
Industrial landscape
• Interest group/clusters
• Faculty talks
• Market analysis
Student-led acceleration
projects
• Inter-disciplinary collaboration and teamwork
Specialized or advanced
entrepreneurship courses
• IT entrepreneurship
• Technology startup
• Social entrepreneurship
• Marketing, financing, etc.
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Revamped Curriculum: Revamped Curriculum: Revamped Curriculum: Revamped Curriculum: From Exposure to EngagementFrom Exposure to EngagementFrom Exposure to EngagementFrom Exposure to Engagement
• Entrepreneurship seminars and readings (ENTR2010) in Fall 2017!
• 1 credit, graded• Entrepreneurial talks or experience
sharing• Book readings
• Social Innovations and Entrepreneurship (ENTR3030) in Fall 2017!
• Special-topic course on entrepreneurship (ENTR4000) in Fall 2017!
• 1-5 credits, depending on workload• ENTR 4000A Global Product
Development
• Student-Led Entrepreneurship Acceleration Project (ENTR4901- 4904) in Fall 2017!
• 1-4 credits, offered every Term, graded• Entrepreneurial groups develop projects,
business plan, prototype, get feedback, present, promote/sale, etc.
• Driven by students, faculty as coach• May be repeated for credits (max. 6)
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ENTR 4100 is revise to ENTR 3030 with effect from Fall 2017-18. 10
Proposed Changes to the Curriculum Proposed Changes to the Curriculum Proposed Changes to the Curriculum Proposed Changes to the Curriculum (subject to approval)(subject to approval)(subject to approval)(subject to approval)
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HKUST Entrepreneurship Center:Fostering a Risk‐Taking Value‐Creation Mindset
HKUST Dream Builder Program
Gary Chan
Director, Entrepreneurship Center
Professor, Department of Computer Science and Engineering
Chair, Committee on Entrepreneurship Education
HKUST
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Defining Entrepreneurship
• Starting up new business or service which creates economic, social (societal), or cultural value
• Value generation, enhancement or capture• Competitiveness often due to innovations or discoveries on
• Technology and engineering• Science• Business model and operation process• Social science and humanitarian needs
• Examples• Founding commercial ventures• Joining startups• Innovation within large corporations (e.g., google and facebook)• Social, environmental or green entrepreneurship• etc.
HKUST Dream Builder Program
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HKUST Dream Builder Program(科大夢工場)
1. Knowledge (Broaden and
deepen skillsets)
•Courses, projects and programs
• Seminars•Workshops
2. Ideation (Grow and build
ideas)
•Competitions•BASE, mixers, ideation camps and visits/engagements
• Startup internship
3. Execution (Create value and impacts)
•Acceleration funds and co‐working space
• Lighthouse advising and mentorship •Exposure program (Investor linkage, startup conference, exposure trip, etc.)
HKUST Dream Builder Program
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HKUST Dream Builder Program
ENTR Courses/Minor
Seminars
BASE
Investor mixer
Workshops
Accelerationfunding
Mentorship
Competitions
Visits
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Student‐driven Entrepreneurship
Failure
Lessons
Pivoting and
prototyping
• Understand, conceptualize, prototype, test and deploy
• Form team• Kindle the passions and work on the dreams
• Early exposure to entrepreneurial experience and hands‐on practice
• Identify problems and approaches early • Failure fast and learn fast
• Empower students to dream without rules and boundaries
• Think big, act small and move fast
HKUST Dream Builder Program
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One Million Dollar Entrepreneurship Competition
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HackUST and HardUST 2017• Since 2014
• Student-led, EC co-organized and sponsored
• hackUST 2017 : The biggest university hackathon in Asia (http://www.scmp.com/lifestyle/article/2090788/hong-kong-hackathon-hackust-24-hours-build-winning-game-or-app-solves)
• 34 tertiary institutions (HK and overseas)• 622 participants (Alumni & students)
• 485 HKUST members (78%)• 92 teams
• 69 HKUST teams (75%)• hardUST 2017: The first hardware hackathon held in HKUST
hackUST 2017 offered me a wonderful moment and I appreciate it a lot.
I hope hackUST can continue to thrive!
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Idea is Cheap. Execution is Everything.
HKUST Dream Builder Program
Chris Sacca, Investor in Twitter & Uber
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The BASEA Vibrant Co‐working Space to Promote Student‐driven Entrepreneurship A Mixer to Connect all HKUST Entrepreneurial Members
HKUST Dream Builder Program
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Catalyzing Ideas to Impacts:Acceleration Funds• Yeung Wing Yee Entrepreneurs Fund
‐ Usually up to HK$50K to cover prototyping, service & product development, marketing and promotion, deployment trials, etc.
‐ Early‐stage startup company registered in HK owned by full‐time HKUST students with 51% share or above
‐ Entrepreneurship Acceleration Fund‐ Up to HK$20K per successful applicant‐ HKUST students (individual or team)
with entrepreneurial ideas and plansHKUST Dream Builder Program
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HKUST Entrepreneur, Anyone?
HKUST Dream Builder Program
echnology and Innovation
• Engineering• Science
• Management• Process and production
• Supply chain• Sales & Marketing
assion• Inspiration/Aspiration• Motivation• Personality• Persistence/
Perseverance
roblem• Market Gap• Unsolved Problem• Unsatisfied Demand
Join us