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TEDx events are independently-organized events that can span many subject areas in Technology, Entertainment and Design (TED). Students have used the TEDx conference model to create opportunities for spreading awareness about Innovation and Entrepreneurship, using the highly recognized TED brand.<br><br>A TEDx makes sense for a campus that has numerous innovation and entrepreneurship offerings, but a general lack of awareness amongst faculty and students about the importance of cultivating these skills. A TEDx can be focused on innovation and entrepreneurship to inspire a campus community by showcasing examples of innovative faculty research, successful entrepreneurial alumni and current students who have commercialized technology and acheived positive economic, societal and environmental impact. The process of acquiring a license is relatively straightforward and restrictions are outlined by TEDx [http://www.ted.com/pages/organize_tedx_event here].<br><br>A TEDx license can be secured for maximum capacity of 100 or 1,000 depending on whether the license holder is a TED Fellow (which simply means one has spoken at or attended a TED event). Some have successfully sought funding to attend a TED event and become a fellow for this purpose. Generally students are not TED fellows and have found a faculty or alumn who secures the license on their behalf, leaving the event planning and management to the student team. Generally, students have felt that the size of the audience does not matter so much as the quality of the speakers and the recorded videos, which can be shared on campus and beyond after the event.<br><br>
Budgets have varied from $5,000 - $35,000, organizing teams have varied from 5 to 60; and lead-time from planning to execution has ranged from 4 to 12 months. Students cultivating the innovation ecosystem have been very successful holding this event.
=== Sponsors ===
Creating and managing a budget for your TEDx event can be a challenge. Most events will cost at least some money, so you’ll want to know how much you need, and how to get it.<br><br>Before raising capital, event organisers should create a budget including the projected costs for the event. To be safe, organisers should overestimate their costs by 1.5 times to account for unforeseen costs.<br><br>Organisers should explore the possibility of cash and in-kind donations to mitigate the costs of running the event. This can be done through sponsorship however it can also take the form of individuals donating their time and expertise in exchange for tickets to the event. For example, a local baker might provide cupcakes for the event in exchange for tickets. TED maintains a database of sponsors who can provide products and services to TEDx organisers <a href="https://www.ted.com/participate/organize-a-local-tedx-event/community-resources/tools-how-to-s/sponsor-marketplace">here</a>.<br><br>
As TEDx events can take place all over the globe, it is the individual responsibility of the event organisers to ensure that event funds are managed according to local laws and regulations. TEDx organisers may decide do route their funds through an existing non-profit organisation or to create a new one. If this is the case, the non-profit must not include anything related to TED or TEDx.<br><br>
When approaching sponsors, a major component is spending time educating them on what it means to be a TEDx event sponsor. In short, TED/TEDx provides sponsors an opportunity to do something different. There are 9 steps to securing TEDx sponsorship: