Enterprise Education US v UK Julie Logan Director of Simfonec Visiting Professor University of Illinois UK versus USA • • • • Many similarities, some differences Simfonec International collaborations Entrepreneurship boot camp that we hold Europe Pre 1998 UK • Pockets of excellence in enterprise education • Warwick, Durham, Bristol • Taught on MBA programmes as an elective but usually more about the psychology of the entrepreneur • Graduate Enterprise, Firm Start, Business Growth • In 1980’s graduate programmes but mainly seen as an economic development issue • Decreasing unemployment entrepreneurship out of fashion • 1998 Government see the need for Innovation UK versus USA • • • • Government funded Changing attitudes Building awareness Broader education, being open to opportunities, being more entrepreneurial wherever you work • Foundations and Alumni • The American Dream • Entrepreneurship acceptable career path, okay to fail • Teaching how to UK versus USA • Not such a culture of entrepreneurship around the Universities • Staff as well as students • More of an International focus • Strong entrepreneurial culture around the universities • Student focus • Large market so no need to look overseas UK versus USA • Shortage of funding especially commercial funding so government funds • Funding available for good ideas • Less experienced technology transfer offices • Technology transfer probably 15 in advance • But in many ways we learn from US, take the best and modify to fit our needs UK versus USA • Enterprise teaching centres often cover more than one university • For example Cass Business School Royal Veterinary College, Kings College London, Queen Mary College, City University and London School of Tropical Hygiene • Collaborations very common and provide major benefits including International partnerships International Boot camp • Simfonec, Stockholm School of Entrepreneurship, Ges Entrepreneurs Portugal, Helsinki school of creative Entrepreneurship and Gea College of Entrepreneurship • • • • A weekend of practice of pitching together with workshops Very interactive and very practical Participants must have a business idea Students pitch are filmed receive feedback and work to improve pitches • Academic staff come as well Benefits • New network last long after the workshop • Results in investment funding or new sales opportunities • Provides new perspective on International markets • Network very useful when you wish to expand into new European market • Learn from each other and learn what is acceptable in other cultures i.e. Swedes very modest Benefits • After weekend participants very confident • Socialising - learning from each other but also breaking down barriers • Peer review • Build relationships between Universities • Generates new International projects