Innovation for the 21st Century: Introduction of Social Entrepreneurship to the TC Naya Arbitur Ron Mullen Harry K. Wexler Ellen McGrath Amity Amity NYU NYU USA USA USA USA EFTC 2013 Conference September 19, 2013 Prague, Czech Republic Abstract • Social Entrepreneurship (SE) is the fastest growing concentration in American universities. • A collaboration between professors who teach SE at NYU and Amity has lead to the creation of the SE Center at Amity. • Two central issues throughout the history of the TC movement have been organizational financial selfreliance and employability of members and graduates are addressed by this innovation. • Impetus for the Center was two-fold: 1) Creation of businesses that helps support Amity. 2) Increase TC members employability. Social Entrepreneurship • Social entrepreneurship is the process of pursuing innovative solutions to social problems • Social Entrepreneurship is the fastest growing concentration in American colleges and universities • College graduates often leave school with limited marketable skills • Many commentators state that entrepreneurial skills and experience are highly desirable and needed • Entrepreneurial skills are seen as critical for economical progress and corporate competiveness Hustling and Entrepreneurship • TCs are highly successful for recovery and recidivism reduction but less successful in employment • Substance abusers usually have criminal histories very poor educational and employment history • They do have strong survival skills along with drug selling and other hustling skills • Hustlers are highly entrepreneurial • Goal: Convert illegal to legal entrepreneurial endeavors & support recovery! Prison Entrepreneurship Program (PEP) • Since inception in 2004, PEP has 555 graduates • 55 new businesses started by PEP graduates, with 50 of them still operating. • Employment rate for PEP graduates is 80% finding employment within 30 days of release, with an average time to gain employment of 20 days. • Average starting wage for PEP graduates is $10.54 per hour. • Recidivism rate - PEP graduates is under 10%. Social Entrepreneurship at NYU • Professor Ellen McGrath founded an NYU undergraduate minor in SE in 2008 • Dr. Wexler joined NYU program in 2011 • Courses: Fundamentals, Advanced, Global and Incubator • Core 4 Training (Change Yourself & World) • Began Summer NYU internship program at Amity in 2012 • Students in 2013 Advanced SE developed an integrated TC and SE model for term project Amity Center for Social Entrepreneurship Value Statement: Introduce social entrepreneurship (SE) training to Amity and create an Amity SE Center that integrates SE and TC essentials. Mission: Train Amity students in entrepreneurial, communication and business skills in order to develop businesses to help support Amity and increase their employability • • • • Gallery, Gift Shop and Café Culinary Arts Amity Organic Publishing & Media Amity SE Center Approach • Lean Startup Methodology • Core 4 Success Skills Lean Startup Methodology (“The Lean Startup” by Eric Reis, 2011) • Minimum viable product (MVP) - version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort (“get out of the building”) • Agile - two week cycles of MVP component production and presentation • Actionable metrics - can lead to informed business decisions • Pivot - a “structured course correction designed to test a new hypothesis about the product or strategy Core 4 Components 1. Connector: creates a positive energy exchange so that all parties are enhanced, not diminished, at the end of the exchange. 2. Liner: knows the “bottom line” and sets warm, respectful boundaries for the safety and well being of all involved. 3. Convertor: transforms negative energy into positive action to convert unproductive thoughts/moods. 4. Strategist: does what it takes to meet goals with integrity; are problem-solvers, not victims; creative solutions are their goal. Challenges • Create a center administrative structure • Integrate TC and SE missions and values • Coordinate Amity community and entrepreneurial activities • Achieve success with initial projects!