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Priorities:Illinois Institute of Technology Student Priorities

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= Strategy #5: Pegasus Idea Exchange =

Fellow on Point: Gabriel Conners

= Strategy #5: Pegasus Idea Exchange and Crowdfunding Network = == Team Leader: Gabriel Conners == Overview: Pegasus is a crowdfunding network built on the momentum of an ecosystem of social support for student ideas. In our landscape canvass of 2015 at the Illinois Institute of Technology(IIT), we found a bell curve of support for innovation and entrepreneurship, where we had good opportunities in the areas of learning and experimenting, while we were found lacking in the outer categories of discovery, pursuit, and spin out. The ultimate and simple goal of Pegasus is to provide students with seed funding for their ideas, thus bolstering our ability to pursue ideas. In order to make this platform sustainable and highly visible, it must hold a foundation of self volunteering of content and a vibrant peer-to-peer idea exchange. This system of exchange will then contribute to the culture of discovery for innovation and entrepreneurship at IIT. === Tactic 1: Laying the Foundation of Storytelling ===

<li>Achieve Visibility of Student Innovators (03/2015)*Identify and promote the innovative research, projects, and entrepreneurship currently happening on campus. *Innovation Spotlights: weekly posting highlighting one student or team’s work**Online Spotlight blog created and shared through popular IIT digital channels (Facebook groups, twitter posts, communications emails, MyIIT Student Portal) **Spotlight Posters in every building on campus</li> *Crowdsource Idea Promotion, Acheive Sustainable Storytelling (08/2015)**Establish the culture and mechanisms that promote individuals to self-volunteer and share their “creative edge.”***Create and promote a public use “hastag” for all campus innovation and entrepreneurship***Solicit student suggestions for Spotlight features***Create live feed of student-submitted(or tagged) data === ~~Laying the Foundation of Storytelling~~Tactic 2: The Idea Exchange ===

<li>Launch Platform to Facilitate Conversations on Student Ideas (Pegasus Idea Exchange) (10/2015)*Students can volunteer their ideas and projects and then comment, share, or otherwise have conversations on other student postings.</li> *Add "Needs and Resources" Database (1/2016)**Students can more easily navigate and contribute input to ideas that solicit their skills or interests.*Add Team Formation functionality (1/2016)**Students collaborating on the Pegasus Exchange can form teams to more intensively critique and construct ideas. === Tactic 13: ~~Achieve Visibility of Student Innovators (03~~A Horse and its Wings</~~2015)~~span> ===

<li~~>Identify and promote the innovative research~~rgb(0, ~~projects~~0, ~~and entrepreneurship currently happening on campus.<ul style="margin-top: 0pt~~0); ~~margin~~font-~~bottom: 0pt;"><li>Innovation Spotlights~~: weekly posting highlighting one student~~ Partner with or ~~team’s work<~~Build a Crowdfunding Platform into Pegasus (8/~~span>~~2016)</span~~><ul style="margin-top: 0pt; margin-bottom: 0pt;"~~>~~<li>~~*Online Spotlight blog created and shared through popular IIT digital channels~~ rgb(~~Facebook groups~~0, ~~twitter posts~~0, ~~communications emails, MyIIT Student Portal~~0)~~</li><li>Spotlight Posters in every building on campus</li></ul></li></ul></li></ul></li><li>=== ~~Tactic 2: Crowdsource Idea Promotion, Achieve Sustainable Storytelling (08/2015)~~ ~~===<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>Establish~~ Leverage the ~~culture and mechanisms that~~ social sharing community of Pegasus to promote ~~individuals~~ ideas to ~~self-volunteer and share their “creative edge~~broader funding bases.~~”<ul style="margin-top: 0pt; margin-bottom: 0pt;">~~<li>Create and promote a public use “hastag” for all campus innovation and entrepreneurship</li><li>Solicit student suggestions for Spotlight features</li><li>Create live feed of student-submitted(~~or tagged~~Alumni, faculty, family, businesses, communities) ~~data~~</li>~~</ul></li></ul></li></ul></li><li>== ~~*The Idea Exchange ==<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>=== ~~Tactic 3: Launch Platform to Facilitate Conversations on Student Ideas~~ Relationship-Matching Algorithm (~~Pegasus Idea Exchange) (10~~1/~~2015~~2017)~~ ===<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>~~**Students can volunteer their ideas and projects and then comment~~rgb(0, ~~share~~0, ~~or otherwise have conversations on other student postings.</li></ul></li><li>=== ~~Tactic 4: Add “Needs and Resource” Database (1/2016)~~~~ ===<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>Students can more easily navigate~~ idea discovery and ~~contribute input to ideas that solicit their skills or interests~~team formation.~~</li></ul></li><li>~~=== Tactic 5: Add Team Formation Functionality (1/2016) ===~~<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>Students collaborating on the~~ **Integrate an Alumni interest database into Pegasus ~~Exchange can form teams~~ to ~~more intensively critique~~ improve relationship matching between student ideas and ~~construct ideas~~Alumni monies.~~</li></ul></li></ul></li><li>== A Horse~~ **Map out interests and ~~its Wings ==<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>~~=== Tactic 6: Partner with or Build a Crowdfunding Platform into Pegasus (8/2016) ===~~<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>Leverage the~~ social ~~sharing community~~ missions of ~~Pegasus~~ businesses to ~~promote ideas~~ build into relationship matching algorithm so students know what organizations to ~~broader~~ target in solicitation of funding ~~bases~~. ~~(Alumni, faculty, family, businesses, communities)</li></ul></li><li>~~=== Tactic 7: Relationship Matching Algorithm (1/2017) ===~~</li></ul></li></ul>

= Strategy #6: Competitions that involve I&E and symposiums that give an insight to students of the early stages of a startup. =~~<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>== ~~Strategy ~~Leader~~#6: ~~Faizan Ahmad~~Competitions that Involve I&E and Symposiums that Give an Insight to Students of the Early Stages of a Startup~~ =~~=

~~~~= <span style="font-size: ~~15px~~23px; font-family: ~~Arial~~'Times New Roman'; color: rgb(0, 0, 0); font-weight: ~~bold~~normal; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">~~Objective~~Team Leader: College is the place to make big changes in life. Students know that the job market is evolving. A lot of students do not want to work on a 9 to 5 job. A lot of students want to be entrepreneurs and have businesses of their own. However, they face problems in the early stages of their businesses. Our objective is to provide them an insight of how work is done in a professional environment. The purpose is to let them know what steps they need to take and what type of management they need to perform when commencing their businesses and startups. For instance, competitions like Startup, Pitch competitions, Lean Startup competitions and Hackathons will help them learn how they need to perform proactively within a team. This will help them understand how they should organize their efforts while developing a product. Symposiums are very important too. We could have somebody like Balaji Srinivasan come in and explain to students what he learnt about the early stages of his startup. This will make it easier to understand what procedures do entrepreneurs go through when starting a business. They can communicate their ideas and understand how entrepreneurs perform risk-analysis. This is essential as the first step is one of the hardest ones for any business.Faizan Ahmad==

Objective: College is the place to make big changes in life. Students know that the job market is evolving. A lot of students do not want to work on a 9 to 5 job. A lot of students want to be entrepreneurs and have businesses of their own. However, they face problems in the early stages of their businesses. Our objective is to provide them an insight of how work is done in a professional environment. The purpose is to let them know what steps they need to take and what type of management they need to perform when commencing their businesses and startups. For instance, competitions like Startup, Pitch competitions, Lean Startup competitions and Hackathons will help them learn how they need to perform proactively within a team. This will help them understand how they should organize their efforts while developing a product. Symposiums are very important too. We could have somebody like Balaji Srinivasan come in and explain to students what he learnt about the early stages of his startup. This will make it easier to understand what procedures do entrepreneurs go through when starting a business. They can communicate their ideas and understand how entrepreneurs perform risk-analysis. This is essential as the first step is one of the hardest ones for any business.

=== Tactic 1: Make attending such symposiums highly recommended and mandatory for those who are part of the entrepreneurship and related society on campus. ===

<li>Entrepreneurship societies on campus, like College Entrepreneurial Organization at IIT, are a very effective way to communicating with students and allowing them to be part of related events. Introducing students to the symposiums is very important since students get a lot of information.</li>

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~~=== ~~~~Tactic 1: Make attending such symposiums highly recommended and mandatory for those who are part of the entrepreneurship and related society on campus.~~~~ ===~~

~~===~~ <spanstyle="color: rgb(0, 0, 0);">'' ~~Tactic 2: Plan multiple competitions (HackIIT, Lean Startup at IIT) to be hosted by the University.~~Progressive Milestones</~~span~~u>'' ~~===~~

<li~~>Entrepreneurship societies on campus~~rgb(0, ~~like College Entrepreneurial Organization at IIT~~0, are a very effective way to communicating with students and allowing them to be part of related events. Introducing students to the symposiums is very important since students get a lot of information.</li>~~<li>Progressive Milestones<ul style="margin-top:0pt;margin-bottom:0pt;"><li>Investigation of targeted speakers who will come in for the symposiums -April 2015~~~~</li><li~~><span~~>Setting up dates of the events to be held.-May 2015~~~~</li><li~~><span~~>Informing the boards of the societies and clubs of the information of upcoming symposiums and convincing them make the attendance mandatory.-June 2015~~~~</li><li~~><span~~>Working with the leadership academy to coordinate the events.- July 2015~~~~</li><li~~><span~~>Launch the event- August 2015~~~~</li><li~~><span~~>Get survey to see how students feel about this- October to December 2015</span~~></li></ul></li>~~<li>There are many societies at IIT that who attract students. The competitions can be coordinated with  the help of the member of the societies. IIT has a great facility i.e The Idea Shop which acts as a working space and an incubator for IIT students. The Idea Shop can be used as the venue for such competitions. Companies like Microsoft and Ciscohave sponsored Hackathons in the past. Students can also get their technology to work with.</li><li>Progressive Milestones<ul style="margin-top:0pt;margin-bottom:0pt;"><li>Setting up the budget and dates for the events to be hosted and presenting it to the student board to be approved-April 2015</li><li>Contacting the companies and convince them for sponsorship.-May 2015</li><li>Approach the organizations to convince them to volunteer for the events.-June 2015</li><li>Work with different departments to reserve spaces for event to be held and coordinate the events.-July 2015</li><li>Launch the events - August 2015</li><li>Get surveys and reviews by the students of how they feel about the events.- October to November 2015</li>~~</ul></li>

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~~&lt~~=== Tactic 2: Plan multiple competitions (HackIIT, Lean Startup at IIT) to be hosted by the University. ===<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li~~&gt~~>There are many societies at IIT that who attract students. The competitions can be coordinated with the help of the member of the societies. IIT has a great facility i.e The Idea Shop which acts as a working space and an incubator for IIT students. The Idea Shop can be used as the venue for such competitions. Companies like Microsoft and Cisco have sponsored Hackathons in the past. Students can also get their technology to work with.</li></ul>

~~&lt~~</~~ul>~~span>

'' Progressive Milestones''<ul style="margin-top: 0pt; margin-bottom: 0pt;"><li>Setting up the budget and dates for the events to be hosted and presenting it to the student board to be approved-April 2015</li><li>Contacting the companies and convince them for sponsorship.-May 2015</li><li>Approach the organizations to convince them to volunteer for the events.-June 2015</li><li>Work with different departments to reserve spaces for event to be held and coordinate the events.-July 2015</li><li>Launch the events - August 2015</li><li>Get surveys and reviews by the students of how they feel about the events.- October to November 2015</li></ul>

= Related Links =

Illinois Tech Campus Overview

[http://universityinnovation.org/wiki/Illinois_Institute_of_Technology http://universityinnovation.org/wiki/Illinois_Institute_of_Technology]

Illinois Tech Innovation Fellows

[http://universityinnovation.org/wiki/Bart_Grabowski http://universityinnovation.org/wiki/Bart_Grabowski]

[http://universityinnovation.org/wiki/Gabriel_Conners http://universityinnovation.org/wiki/Gabriel_Conners]

[http://universityinnovation.org/wiki/Callie_Joncas http://universityinnovation.org/wiki/Callie_Joncas]

[http://universityinnovation.org/wiki/Syeda_Fatima http://universityinnovation.org/wiki/Syeda_Fatima]

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Priorities:Illinois Institute of Technology Student Priorities

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