1. Growing Entrepreneurship in Penn States Ag SpaceMark A. Gagnon, Judd H. Michaeland Barry L. Zoumas (dec.)Mar 24, 2012NCIIA 2012 Open ConferenceSan Francisco, CAI wish to thank the USDA for providing funding for our work under Award No. 2009-34614-19801

2. In MemoriamBarry L. Zoumas 3. Entrepreneurship at Penn StateI justdont see it, not that I would not want to seeit Quote from a successful entrepreneur/Penn State alumnus 4. Two worlds collideAgriculture+ Entrepreneurship 5. Tilling the soil Core team Infuse entrepreneurial thinking The junto Managing expectations Beta results 6. Whos on First?A lead cow is needed 7. Define your work!Dont let others!Entrepreneurs capitalize on opportunities byforming new businesses or organizations that are capable of creating value. 8. Hybridize We cant do this alone- it wouldbe dumb Building the network Engage other eship faculty acrossthe University Students: Find the 1% forinspiration then move up to 5% Identify champions in our College Inform leadership Proactively repeat 9. Events with impact Resident Education Creating awareness Confronting views Catching the 1% Developing the 1% Entrepreneurship Forums Aspiring to get to the5-?5%4 making impact 3 getting better 2 good start 1 non event 10. Event Examples 11. Be prepared to change the plan andnot the vision Create awareness entrepreneurship as an option for students Catch the 1-2% prepare them to be successful Grow to capture the 5% who will at some time be entrepreneurial Affect positive change 12. PSU AgSci eship time line 13. AgSci Strategic dashboardCore Values Mission Lifelong learning We seek to facilitate the development of entrepreneurs Nurture the entrepreneurial spiritacross the colleges constituency which includes Lead innovation, change & creativity students, faculty, alumni and citizens of the Integrity Commonwealth of Pennsylvania. Collaboration(Why we do what we do)(What guides us) VisionThe College of Agricultural Sciences at Penn State will lead land grant universities in delivering cutting edge entrepreneurship education, experiential training and applied entrepreneurship research that addresses humanitys pressing challenges in agriculture and natural resources. (What we wish to be) Goals(How we will get there)I. Facilitate entrepreneurship II. Conduct impactful entrepreneurshipIII. Engage college stakeholders IV. Provide research in agricultureimpactful in AgSci resident educationentrepreneurshipextension I. Objective F11/Sp12 A. Obtain >20 AgSci student enrollment in intro eship courses and >1 student into minor External Impact Factor I. B. Increase awareness of entrepreneurship for1. Students who create & grow AgSci students >50% random awareness poll oftomorrows successful companies college entrepreneurship effort for juniors2. Students who become exceptional C. Facilitate entrepreneurial activities with AgSci entrepreneurial/innovative employees students >5 venture teams, >10 students mentored and at least 1 student venture created/supported 14. Our growing season-thus far Impacted 500+ students with Ag-eshipevents Mentored over 30 entrepreneurialstudents 18 teams competed in our firstcompetition, 12 submitted final plans and$7K was awarded 5 teams out of the competition are active 1 launched his company 1 Won 2nd in Smeal idea pitch, another in top 4 1 Team going forward with prototyping LEARN MORE: Keep entrepreneurship onPHONE: 610-322-1990 E-MAIL: HOMEGROWNFARMING@GMAIL.COMour student radarWEB: FACEBOOK.COM/ HOMEGROWNFARM 15. What doesnt work Defining things Creating a debate before the core is set Going at it on our own Waiting for leadership to make thingshappen Box checking Overload & the value of focus Bootstrapping in perpetuity 16. What works Being our own boss Networking not reinventing the wheel Recruiting expertise- ask Taking action and creating our own destiny Engaging key stakeholders frequently Money and resource flows 17. Lessons Learned1. Build the core team behind the scenes2. Define what you are doing and dont let others define it for you3. A change point person is needed4. Build and leverage networks5. Events focus on impact6. Have recruiting incentives for faculty7. Be prepared to change the plan and not the vision 18. www.agsci.psu.edu/entrepreneur Questions?