Following are an array of strategies that will fully address Gap #1 over a 2-3 year period:
Tactic #1: [Name of tactic]The Student Venture Capital Fund
*Description [250 words on why : I believe that this strategy can hit on a number of key points to develop the innovation and entrepreneurship on campus. The immediate problem The Student Venture Capital Fund will solve this gap is the lack of entrepreneurial extracurricular clubs. This will provide students with a way to get deeper involved in the I&E ecosystem on your campus]*Team Leader:: [Either your nameand also learn and fun. On campus, TBD or create there is a similar organization called the The Student Fund. My idea was to model this club in a similar mindset. The interesting part about this idea is that it can be twisted and reorganized so that it fits the campus need and resource ability. The way I see this tactic running would be to gather a title assigned group of 20 to 50 students. Each month the person who volunteers]*Milestones: [A set group would meet and give presentations about startup companies they have researched and learned about. They would put together all aspects of bullets that characterize their business plan and then pitch it to the work that larger group. We would likely need have a theoretical dollar amount in the fund to give to be executed, along with mm/each company. The students acting as the <span data-scaytid="240" data-scayt_word="yyVCs">yyVCs</span>]could discuss pro vs cons and whether they would invest in this company. Student groups could be broken down into sector/industry of interest so everyone could learn about different industries. On the other hand, instead of conducting the Venture Capital Fund in a theoretical sense we could attempt to raise money through the program or other university resources. This way we could actually invest money into student entrepreneurs and gain a more hands on approach. This could also open doors to invite local venture capitalist to speak, sit in on the meetings, or give advise. I think a club like this could also teach non-business students the "frightening" financial process behind funding ventures.*Team Leader: TBA*Milestones: Develop and adjust idea December 2013, test feasibility Jan-Feb 2014, recruit students May 2014, Apply for chartering October 2014, Kick off Nov/Dec 2014.
Tactic #2: [Name of tactic]Business Plan Competition (Demon Deacon Pitch Plan Competition)
*Description [250 words on why this strategy will : This event would solve this another large gap within the potential column of the innovation and entrepreneurship ecosystem. A competition of some kind is desperately needed on your Wake's campus]*Team Leader:: [Either your name. A pitch plan, business model competition, executive plan, TBD or create shark tank type of event are all possibilities. As of right now we have something called the <span data-scaytid="190" data-scayt_word="i2i">i2i</span> (inspiration to innovation) competition. This gives students a problem and some materials to invent and build a title assigned way to solve the person who volunteers]*Milestones: [A set of bullets that characterize the work that problem. This is a great competition! I would likely need also like to see one more relating to pitch a plan or venture idea to a give problem. For starters, this could possibly be executed, along with mm/incorporated into the <span data-scaytid="3257" data-scayt_word="yyi2i">yyi2i</span>]competition to spice things up with a new aspect to the competition. Winners of this event now receive $1,000. I also see a business plan competition as a way to involve teachers from disciplines outside of the engineering and science departments. From this, students can be inspired by teachers in their discipline and find ways to be entrepreneurial themselves. Furthermore, this could also be twisted into an undergraduate elevator pitch competition for students with current or possible ventures.
Tactic #3*Team Leader: [Name Austin Evers Competition Director and President of tactic]E-Society
*Description [250 words on why this strategy will solve this gap on your campus]Milestones: Assess the current competition and how it can be improve Dec 2013, Design another possible competition Jan 2014, test possible competition March 2013, reevaluate competition April/May 2014, hold competition fall of 2014. Tactic #3: Wake Forest Start-up Weekend *Team Leader:Description: [Either your name, TBD or create a title assigned The third way I see to solve the person who volunteers]*Milestones: [A set of bullets that characterize gap in the work that potential column would likely need to be executedthrough at Start-up Weekend. Through this event, along with mm/students could form teams and work on a 54 hr <span data-scaytid="4433" data-scayt_word="yyintensitive">yyintensitive</span>]time span to create ideas, business plans, and prototypes. This competition could be framed in many ways from sustainability themes, social, to improving campus in an innovative way. These teams could also be put together account to a survey of strengths and weaknesses prior to attending the event. *Team Leader: Hunter Dean Program Director *Milestones: Assess the current competition and how it can be improve Dec 2013, design possible weekend program Jan 2014, test possible event March 2013, reevaluate the event April/May 2014, hold competition fall of 2014.
== Strategy #2: ________<br/> ==