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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Philanthropy RoundtableMay 14, 2009
Judith Cone • Vice President
“Every individual that we can inspire, that we can guide, that we can help to start a new company, is vital to the future of our economic welfare.” — Ewing Kauffman
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
The Role of Donors in Advancing Entrepreneurship in Colleges and
Universities
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
• Enormous pool of ideas, talent, and resources available on campuses. Large investment of public funds.
• Entrepreneurs create and distribute the goods and services needed by society.
– Create jobs and wealth
– (often returned to society via philanthropic giving)
• Entrepreneurship = attitude, a set of skills, and action.
• Give students, faculty, and staff permission to be problem solvers, invite them to be part of the solution.
• Teach/learn the skills to bridge the gap between dreaming and doing. Build self-efficacy.
• Hold up responsible entrepreneurship as a noble pursuit.
Why Entrepreneurship on Campus?
Unleash Creative Potential for Society’s Good
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Students and Parents are Seeking…
Entrepreneurship – one of the fastest growing subjects – quadrupled in last three decades
2,136 of 2,662 two-and four-year non-profit colleges and universities (80%) offer at least one course in entrepreneurship
300+ offer baccalaureate degree
347 offer master’s concentrations (of 847 MBA programs)
30+ Ph.D. concentrations (and growing)
18 academic departments
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Students enrolled in entrepreneurship by academic field of study
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Outcomes
Greater appreciation of entrepreneurship’s role in society.
More students, better prepared to transform ideas into enterprises that generate value.
Greater understanding of entrepreneurshipA respected cannon on entrepreneurshipNew knowledge
Innovations applied to society. Enterprises created.Economic resilience, growth, prosperity
Educate
Service/Outreach/Economic Development
Research
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Donors Fund
Educate: Course development, internships, idea bounce, business plan competitions, convening faculty; fund experiments, centers, endowed chairs
Research: Fund entrepreneurship research; translate and disseminate research; fund dissertations; invest in data sets; books; workshops
Service: Move ideas to marketplace (tech transfer); conferences, mentoring models; innovative programs
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Donors Make it Possible – a Few Examples
Desh Despande
Arthur Blank
Sol C. Snider
Karl Eller
Henry Block
Larry Levy
Lee Pillsbury
Frank Batten
Frank Kenan
Peter Fox
Robert Scandalaris
Alec Dingee
Jeff Sandefer
Burton D. Morgan
Eugenio Pino
Walter Haas
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Kauffman CampusesCross-Campus Entrepreneurship
Entrepreneurship education available to all students
Move beyond business schools to other disciplines
– Round 1: 8 schools, $25M + $75M Matching
– Round 2: 11 schools, $23M + $120M Matching
Matching funds from various sources, entrepreneurs
Development officers involved
Other schools doing cross-campus with Kauffman’s advising but not funding.
A movement?
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
U of Rochester - nursing
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Stanford U – biology – interdisciplinary - fellowships
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Cornell – hospitality
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
U of Maryland, Baltimore County – technologies – market opportunity - management talent - mentoring
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
U of Texas – masters in commercialization
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
MIT - Venture Mentoring – young entrepreneurs
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© 2007 by the Ewing Marion Kauffman Foundation. All rights reserved.
Georgia Tech + Emory Law – interdisciplinary lab to market