Technological Entrepreneurship
Welcome to
GEB 5516
-Technological Entrepreneurship -
Spring 2014

Technological Entrepreneurship
Geoffrey Nicholson said,
“Research is the process of turning money into knowledge; and
Innovation is the process of turning knowledge into money.”

Let’s Get Started…
GEB 5516
-Technological Entrepreneurship -
Spring 2014

Technological Entrepreneurship
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Technological Entrepreneurship

Technological Entrepreneurship
Recognizing Opportunity; and Creativity
 Make Meaning and Money
 Entrepreneurship
 Leadership

Technological Entrepreneurship
“I have sometimes almost wish it had been my destiny to be born two or three centuries hence…
For invention and improvement are prolific, and beget more of the kind.”
Ben Franklin (1706-1790)

Technological Entrepreneurship
“ Today, Turbulent and Changing Times…”
Risk and Uncertainty… or
Opportunity
Jobs, Careers…
Business, Industry…
Global, Mobile…
Trends, Trade…
Customers, Brands…
Promises, Value, Delivery…

Technological Entrepreneurship
A Chance of a Lifetime…
“…Be Inspired -- Make The Future…”

Getting Started -- Tonight we will cover…
1. Introductions
2. Innovation and Entrepreneurship
3. The Class and Deliverables
4. Chapter 1
5. Next Steps

Technological Entrepreneurship
Tonight’s Learning Objectives
 Perform introductions and discuss expectations.
 Discuss innovation and entrepreneurship.
 Communicate semester outlook,
 Communicate requirements and deliverables.
 Define entrepreneurship.
 Explain the role of entrepreneurship in economic growth.
 Distinguish entrepreneurial ventures from small businesses in terms of their purpose and goals.
 Describe the evolution of entrepreneurship as a field of study since the 1960s.
 Identify today’s broad trends in the field of entrepreneurship .

Technological Entrepreneurship
Getting Started …
Introductions…
Hi, I’m Dr. Tom O’Neal…
And You Are…?

Technological Entrepreneurship
Getting Started…Tonight
Let’s Continue And Discuss….
 Innovation and Entrepreneurship
 The Class & Deliverables
 Chapter 1
 Next Steps

Technological Entrepreneurship
“…Potential is Tremendous….”
- Opportunity, Growth and Wealth -

Technological Entrepreneurship
Innovation…
Why Innovate?

Technological Entrepreneursh
Why Innovate…
- So What…Who Cares…Why You -

Technological Entrepreneurship
Let’s Discuss…Why Innovate
Innovation
• “Solve” a Problem
• “Improve” the Quality of Life
• “Preserve” Something Good

Technological Entrepreneurship
What Does an Entrepreneur Do…?
Who Might They Be…?

Technological Entrepreneurship
The Entrepreneur ….
An Entrepreneur Organizes, Operates and for a Business Venture

Technological Entrepreneurship
Let’s Discuss…
The Characteristics of Entrepreneurs…

Technological Entrepreneurship
Successful Entrepreneurs Are Principles Based…
 Ethical Conduct
 Vision & Value
 Focus & Determination
 Abstract Thinking & Pragmatic Execution
 Commercialization Flexibility
George Washington
“I hope I shall always possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an Honest Man.” (1788)

Technological Entrepreneurship
Entrepreneurs…
What About You…?

Entrepreneurs…

What’s Hot…
 Leadership and Knowledge
 Vision and Execution
 Economic Environments
 Business Eco-Systems
 Networks, Platforms, Systems and Connectivity

What’s Hot…
Digital Infrastructure Strategies
 Content, Clouds, Networks, Devices and Mobility
 Satellites, Grids, Hubs and Bandwidth
 Responsible and Responsive
 Safety and Security
 Renewable and Reusable

Technological Entrepreneurship
Knowledge UCF patents rank in Top Ten –Again
UCF RANKS 8 th in USA in PATENT POWER in 2010 …!!!
- 2009 - 2008 -

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Technological Entrepreneurship

Technological Entrepreneurship
Rini Technologies, Oviedo, FL
•
Technologies are leveraged for a
Innovative solutions to variety of applications the toughest thermal-
•
High-power lasers, power electronics, management challenges and personal cooling devices
•
Contracts with Natick Soldier
Research, Development &
Personal
Cooling
Systems
Engineering
•
RINI Wins $1.7 Million from Navy

Technological Entrepreneurship
Research and
Commercialization at
UCF

Technological Entrepreneurship
The “Linear” Perspective

Make Meaning and Make Money
Research is the process of turning money into knowledge;
Innovation is the process of turning knowledge into money…
What does it look like…?
“Digital Opportunities…”
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Knowledge and Networks
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Mobile on Demand

Technological Entrepreneurship
Your Commitment …
“ It May be your first experience with entrepreneurship …
…Make the most of this opportunity ”

Launching New Ventures
The Textbook
Part One:
Foundations and Opportunities
Part Two:
Feasibility and Testing Business
Concepts and Models
Part Three:
Strategy and Planning
Part Four:
Planning for Growth and Change
Be Prepared….
 Challenges
 Strategies
 Execution
 Performance

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