= Overview<br/> =
There are many ways Yale has increased its investment in which Yale can improve innovation, largely spurred by a grant from Joseph Tsai to create Tsai CITY, the culture surrounding Entrepenuership on -campus. We have ana amazing group of innovators who have plenty of resources availible center welcoming diverse students to thempursue innovative ventures, howeverprojects, and initiatives. However, one of the biggest issues main barriers to taking that first step to focused innovation is that not enough manhours are being put into a perception of innovationas starting a company. This Another hypothesis is due to there not being enough time for that students who want ' fear of failure poses another barrier to innovate, trialing innovation and also there not being enough innovatorscreation. The more time that can be put into solving big problems, We aim to tackle these challenges through the more amazing solutions can come out of Yalefollowing strategic priorities. I've listed some strategies below, and also described a few things I want to implement immediately on campus
= Strategy #1: De-risking the pursuit of innovation and new ventures =
{{#Widget:Youtube|id=34BGBQisgsc}}Yale students generally do not like taking risks, so we need to find a way to encourage risk-taking. The top 15% of students from many schools, Yale included, are swept away to work in New York and consulting and financial companies. These are the students who are most likely to succeed with their own businesses. These are the smartest people that you want to be working on the biggest problems in the world. Instead, rational thinking about stability and security has prevented entrepreneurship from being a valid goal that they strive for.
<br/><span style="color: rgbOne opportunity for de-risking is providing course credit to students who pursue their own ideas. In the Yale School of Management (0SOM), 0for example, 0); font-family: Arial; font-size: 15px; line-height: 21px; white-space: pre-wrap;">Link if video isn't students can take Startup Founders Practicum to earn course credit for working: </span>[https://wwwon their own venture.youtubeThere is also a class offered called "Making it.com/watch?v=FApSiyrzWbM https://www" Additionally, Tsai CITY offers a semester-long accelerator in which teams receive both funding and guidance to build out their ventures.youtubeHaving Innovation Advisors (IAs) who have gone through the process guide teams in the accelerator can make students feel safe when they're starting a new company.com/watch?v=FApSiyrzWbM]
= Strategy #1: Encouraging Risk Taking =Also at SOM, the Global Social Entrepreneurship (GSE) course allows students to partner with global non-profits and for-profits to tackle real-world problems. These kinds of guided entrepenuership classes and clubs help to ease people into the idea of innovating. Successive failures can be demoralizing, especially for younger students, so these kinds of activities are especially useful for undergraduates, or anyone who might be exploring innovation and entrepreneurship for the first time.
Yale students generally do not like taking risks. We need to find = Strategy #2: Creating a way to encourage risk taking. The top 15% of students from many schools, Yale included are swept away to work in New York and consulting and financial companies. These are the students who are most likely to succeed with Support Network for Those Pursuing their own business. These are the smartest people that you want to be working on the biggest problems in the world. Instead, rational thinking about stability and security has prevented entrepreneurship from being a valid goal that they strive for. Ideas =
Yale students are passionate people, Leaders often run into the same problems in very different situations and it is really easy to excite someone about environments. It would be a meaningful and valuable goal. Social entrepreneurship is thus an effective way powerful tool to provide motivation because it takes have a different set group of metrics into account students who regularly meet to discuss these general leadership problems and encourages people how to look at impact instead fix them. This can be in the form of stability something as simple as "successa weekly or bi-weekly workshop (e.g." Clubs such , SOM's Startup Club's weekly workshop), or in something as engineers without borders take service trips formal as a leadership forum. Seniors students know the ins and formally structure themouts of the school (e. This allows many people to work together on a project and succeed easily where a single person may have a hard timeg. Having a larger group usually makes activities less risky, so trying to bring people together is an easy way to minimize risk. Another way this where funding can be done is by showing 100 people that if we assign their passion/idea found, fastest ways to a slightly more general problemget approval, we can easily link multiple people with the same interestwho to talk to for outside sponsorships etc. Thus, 100 startups with 1 person each ) can easily become 10pass this information along to avoid other students re-20 groups of like-minded individuals all working towards the same end goallearning something that has already been attempted and discovered.
Finally, groups such as Incorporating alumni into the system would make it even more valuable because they have experience from outside Yale Entrepreneurial Institute are making progress towards structuring that they bring to the process table. Several of innovation and providing mentorship at every step. Having someone who has gone through the process guide you can make students feel safe when who we spoke with mentioned they're starting a new company chose thier current careers based on alumni or faculty mentors who had done similar careers.
= Strategy #23: Creating a Support Network Entry Level Opportunities for Engineering Leaders Entrepreneurship<br/> =
Leaders often run into the same problems Providing a way for all, even someone with no experience, to get involved in vary different situations innovation is important for gaining new students and environmentsretaining them throughout their time at Yale. It would be a powerful tool We need to have find a group of students who regularly met way to discuss these general leadership problems stimulate opportunities for freshmen and how to fix them. This can be the form of something as simple as a weekly or bi-weekly brunchsophomores in Yale College, or first years in something as formal as a leadership forum. Either way, having these leaders would be a valuable resource for the members of the groupgraduate programs, that will work with their limited skillset and also for anyone who would like enable them to join the group of leaders as a leader themselvescreate. Seniors who know This could come in the ins and outs form of the engineering department (where funding can be found, fastest ways to get approval, who to talk to for outside sponsorships etc.) need to pass this information along or else time is wasted reparticipating in day-learning something that has already be attempted long design and accomplished innovation sprints. It could also look like instigating small internships for several years. Incorporating alumni into the system would make it even more valuable because they have experience from outside students either at Yale or in early-stage startups such that they students can bring have the opportunity to the table'taste' entrepreneurship and innovation. <div></div>
= Strategy #34: Creating Entry Level Positions for Entrepreneurship<br/> Give Students More Opportunities to Innovate =
Making sure If Yale can somehow make students less busy with coursework, they can encourage students to provide a way for anyone, even someone with no experience spend that free time innovating. Almost everyone I talked to said they would innovate and think big if they had time to get involved do so. <br/><br/>Google values this kind of "free time" very highly. Every employee is important for getting new students involvedgiven 20% time, and retaining them throughout a time where they can work on thier own ideas that may or may not directly relate to their time work. If we consider a student's full schedule, 20% would be a significant number of hours. 20% is approximately one class per semester here at Yale. We need to find a way to encourage roles for freshmen , and sophomores we think that will there should be required entrepenuership, innovation, or independent work with their limited engineering skillset and enable them to create without knowing advanced physics or 3D modeling. Perhaps working with freshmen and sophomores as leaders while juniors and seniors help lead but also do the heavy lifting on the engineering frontclass. This encourages big ideas for younger students and gives older students the opportunity to take is a deep dive without sacrificing the longevity new kind of thinking that should not be left out of a project or clubliberal arts education simply because it is new. <div>= Strategy #4: Give Students More Time to Create =</div>
Certain classes currently exist that are heavily lab based and involve students playing with arduinos, sensors, and other basic electro-mechanical elements to create projects. At the end of the semester, the class of predominantly freshmen were able to complete and present engineered solutions to a plethora of problems. Working in small 3 people groups, they developed a range of products and projects, simply because they were given the time to do so. If Yale can somehow make students less busy with coursework, they can encourage students to spend that free time innovating. Almost everyone I talked to said they would innovate and think big if they had time to do so.
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= Strategy #5: Teach Students the Basics of Entrepreneurship<br/> =
Into MicroIntro micro-economics is the bread and butter of a Yale Education. The class is always taught, and is the fundamental class many Yale students take at some point during their time here. It is a basic overview of rational thinking, and is a fundamental course in an undergraduate's Yale Education. An equivalent style class for innovation would be an amazing move a strong step towards completely changing the way our campus looks at engineering and innovation. At a school as traditional as YaleIn SOM, for example, it is important that we students are required to take time to explore the wild possibilities, and many people get locked into a conservative viewpoint early in their time here"Innovator. There should be a contrast to intro economics" However, the this class that all Yalies want does not occur until Spring semester 2, meaning students are left without any concrete training related to take, innovation and that will ideally be taught by an engineerentrepreneurship for the frst 6 months of their limited 2-year education. <div>= Strategy #6: Increase the Reach of Engineering and Advertise Better<br/div> =
Many students on campus will never see = Strategy #6: Increase the amazing creations that are made in the labs on science hill. the portion Reach of campus is separated from the housing buildings, off to the side by less than 2 blocks, but ends up being a space were not many non science majors venture. Why is it the case that engineers do not present their senior projects to a broader audience than just the engineering students and faculty. Yale has programs such as the Mellon Forum, a student presentation series where people can show their senior research and studies to their peers. This is underutilized by engineers; once the word gets out about projects happening, people will come and want to help. Student Sharing<br/> =
There is opportunity to create more cross-school content and programming that allows students to share their work as well as learn from the work of their peers. In SOM, this occurs in a fragmented way. It might occur during a lunch session in the Social Impact Club. Or it might happen in a classroom. In the college, there are events like 2019's "Chun Challenge for Change," a pitch night in which the Dean of Students judges students' ideas related to solving the most proessing challenges impacting students.
One opportunity could be creating a podcast on which we host a weekly Q&A/background with a student founder. This enhanced reach could help demystify the belief that there is a high barrier to becoming a "founder" or launching a "venture."
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= Related Links =
[[Chinmay Jaju]]
[http://universityinnovation.org/wiki/Sarah_Graf Sarah Graf] (2019)
[http://universityinnovation.org/wiki/Nitya_Kanuri Nitya Kanuri] (2019)
[http://universityinnovation.org/wiki/Ayushi_Shrivastava Ayushi Shrivastava] (2019)
[http://universityinnovation.org/wiki/Kira_sze Kira Sze] (2019)
[[Category:Student Priorities|Student_Priorities]]
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[[Category:Yale_University]]
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