Changes

Penn State offers many Innovation and Entrepreneurship resources varying from classes, to organizations to attaining funding for entrepreneurial activities. Its biggest contributor of growth has been the "Invent Penn State" initiative, started in 2015. It was a pet-project of the current President, Eric Barron, and has lead to buildup of entreprenuerial resources in nearly every facet of Penn State life. There are over 150 classes offered in the varying areas of entrepreneurship. There are 5 minors offered in the umbrella topic of entrepreneurship, along with a semi entrepreneruial B.S.as well as "Launchboxes" (innovation hubs/Mincubators) at every campus in the ecosystem.B.A program. Penn State is Lots of the home to three research centers and two entrepreneurship and innovation centers. By holding continous events growth has been spurred on by various student organizations such as Global Entrepreneurship weekInnoblue (the primary entreprenuership club on campus), Ultimate Trader ChallengeHackPSU (organizes by yearly hackathons with corporate sponsors), HackathonsEnactus (a project-based social entreprenuership club), Pitch and Happy Valley Capital (a VC interest club). Penn State also has pitch competitions, Springboard competitions, PSU covers a wide area of student interests in innovation and entrepreneurshipnearly every academic discipline for startup ideas. There are only Lastly, Penn State has a few areas lacking large industrial park, dubbed "Innovation Park", for Penn State local and university startups to become a fully functional entrepreneurial schooloperate. 

The main two areas Although Penn State has done a great job in building up these opportunities, there are still some ways we believe we can improve. We would be Perceived and Applied strategies like to provide more inspiration for students to become entrepreneurs, provide a greater culture of entrepreneurship. Specificallyentreprenuership, Penn State needs to improve on speaker series and connection with current entrepreneurs increase the visibility of suitable entry points in to the perceived strategycommunity. In the applied strategyWe will carry out these goals by increasing VC presence, students need a place providing entry information to work creatively with their ideas. They also need a way to gain experience in an entrepreneurial settingfreshmen, and elevating successful entreprenuerial alumni.

Link to Prezi overview Following are an array of campus ecosystemstrategies that will fully address Gap #1 over a 2-3 year period:

{{== Step #Widget1:Prezis|idExploring New Marketing Channels for Content ==r4wkf5-ryonh}}

== Calling all *Description: The current Invent Penn State marketing channels are good at keeping students ==engaged, however we think that we need different outreach channels if we truly want to make our ideas a success and grow the ecosystem as whole.*Some ideas:*Postering Campaign (our poster prototypes worked well)*Pitching at Student Organizations*Banners?*Pushing students to join the existing mailing list*Innoblue Website

*WhereDescription: [Google Hangout On Air <a href="<a href="[http://www.google.com/+/learnmore/hangouts/onair.html http://www.google.com/+/learnmore/hangouts/onair.html]">[http://www.google.com/+/learnmore/hangouts/onair.html http://www.google.com/+/learnmore/hangouts/onair.html]&lt;/a&gt;">[1]&lt;/a&gt; or other existing meeting of We want to take stories from inspirational entreprenuerial alumni, and share them with exisiting students interested in I&E in Engineeringan easily accesible format.]*When: [Date, Time]*RSVP: [your email address, google form, eventbrite or meetup link] == Strategy #1: Perceived - Bettering Speaker Series<br/> == Following are an array of strategies We hope that will fully address Gap #1 over a 2-3 year period: Tactic #1: Outreach group, Logistics group, Marketing Group *Description: Get three different groups on campus that are concentrating on promoting entrepreneurship on campus. By splitting them up into committeesby showing students what their predeccesors have accomplished, it easier to mark progress. The outreach group would be responsible for reaching out to alumni and businesses, interviewing them, convincing may inspire them to speak at PSU, and knowing their availability. The logistics group would be responsible for all PSU-backend things, such as booking rooms, finding PSU availability, and confirming dates and times with speakers. The marketing group would be responsible for marketing the speakers to students take a leap of faith in to increase involvemententreprenuership. Each committee We will have a head who is responsible for making sure that work gets done in a timely mannerdispurse this information through the above marketing channels.&nbsp;*Team Leader:: Entrepreneurship Speaker Overall*Milestones:&nbsp;*Find interested students 2/13*Make committess 3/13*Get a lineup of speakers 6/13*Start speaker series 10/13

== Primary Tactic #2: Department BoardIncreasing VC Presence ==

*Description: One faculty member and one student from each department will sit on We have noticed that many of the US Entreprenuership hubs have a boad booming VC environment to inform accompany the other departments regarding all entrepreneurial activities includinggrowing businesses. Our hope, is that by increasing visits from major VC partners/companies, but not limited we will enable more local/university based startups to, speakersflorish. Then it can be decided whether that speaker coud also visit another department, or if they could hold This will in turn increase our reputation as a meet startup university and greet with a few studentsattract more VCs.*Team LeaderIdeas:: Department Outreach*MilestonesInvestor Bus Tours like [https:&nbsp;//www.events.revolution.com/ Rise of the Rest]*Find department heads who Elevating the few VC firms that are interested, present at Penn State: 1855 Capital and inform them of the board 12/13Contrary Capital*Get department head Work to suggest a faculty, who will then suggest a student 2/13*Hold first meeting 3/13increase Contrary Capital's presence on campus

== Strategy #2Secondary Tactic: Applied: Bettering Innovation Spaces and Communication<br/> Changing the Rules ==

Following are an array of strategies *Description: Penn State currently has a rule that no revenue generating business can be started or operated on campus. If we want to take our ecosystem to the next level, that is something that will fully address Gap #2 over a 2-3 year period:really need to change.

Tactic = Strategy #13: Building Two Innovation SpacesIncreasing Entry Point Quality and Visibility =

*Description: By building There are two innovation spaces main tactics we plan to foster two different type employ for increasing ease of businesses, students will want access to venture more into entrepreneurship. For a service based business, the innovation space should be built in the business school. For a product based business, the innovation space should be built in the engineering or IST school. The product based innovation space should include woodwork and manufacturing machinery.*Team Leader:: Penn State's I&nbsp;TBD*MilestonesE ecosystem:&nbsp;*Talk to department heads/president of university 12/13*Get student, faculty and alumni support 3/14*Find donors 6/14*Construct a plan with heads of the university 10/14

*Description'''Current Fellows: Hold a career fair for local businesses and students interested in working during school. This allows students to interact with entrepreneurs during the school year.&nbsp;*Team Leader:: Mridul Bhandari*Milestones:&nbsp;*Get businesses involved 9/13*Inform students 10/13*Test run 11/13*Create a sustainable plan 1/14'''

Tactic #3'''Previous Fellows: Hosting Start-up/Entrepreneurial Section at Penn State's Career Fair''

*Description: Penn State invites over 500 companies to recruit during the career fair, and almost none of them are small companies. Many Penn State students want to do something entrepreneurial but lack experience. By hosting a startup section, or an entrepreneurial section during the career fair, students will be able to talk to companies that they want to work for. This allows them a chance to enhance their entrepreneurial skill while ganing experience.&nbsp;*Team Leader: [[Mridul Bhandari*Milestones:&nbsp;*Talk to companies to gage interest 10/13*Talk to career fair administration 11/13*Talk to Engineering and IST department heads for a push to career fair administration 12/13*Contact startups and entrepreneurship companies 2/13*Hold a test run 3/13*Construct sustainable plan 5/13]]