THE REVIEW OF UNIVERSITY FUNDING ARRANGEMENT AND ENTREPRENEURIAL SKILLS (Case Study of MOVE Program by Yayasan Pendidikan Telkom)

MOVE (Modal Ventura) Program is a university venture capital program invented by Yayasan Pendidikan Telkom for Telkom University students. This program is projected to be a role model in developing entrepreneurship among students & expected to increase the interest of students in building self-contained micro businesses by providing funds as a capital. This case study research aims to review what MOVE Program as a funding arrangement or venture capital program has done in the previous time in order to build the entrepreneurial skills of its members. Since one of the purpose of this program is to build the students’ (participants) entrepreneurial skills. There are 3 types of entrepreneurial skills that will be discussed in this research which are technical, business management, & personal entrepreneurial. This research is using qualitative method and respondents of the interview are the members and director of MOVE Program. After analyzing the findings, it shows that the problem of MOVE Program is lack of mentoring or such activities that can help to build the entrepreneurial skills of members, and also the lack monitoring. And based on the result of the interview with 4 members of MOVE program, there is only 1 person who still continue the business after she joined the program & graduated from the university. Based on the findings that has been discussed previously, it can be concluded that MOVE has failed to build the entrepreneurial skills of the students. Other than skills, MOVE also has failed to build the mindset of their members to become entrepreneur or continue the business after they graduated and joined the program. Because from 4 respondents as the representative for each batch, there is only 1 person who still continue the business. Keywords: Entrepreneur, Entrepreneurship, Entrepreneurial Skill, Venture Capital, Start-up Busines

Success Factors for Creating Spin-Out Companies by South African Publicly Financed Research and Development Institutions: A Resource-Based View Perspective

Technology commercialisation using spin-out companies has shown to be a viable option by publicly financed research and development (R&D) institutions internationally. In South Africa (SA) this trend of spin-out company creation for technology commercialisation is anticipated to be on the rise since the inception of the Intellectual Property Rights from Publicly Financed Research and Development Act number 51 of 2008 (IPR-PFRD Act). This study aimed at trying to understand the factors that influence the successful creation of spin-out companies by SA publicly financed R&D institutions, utilising the RBV as the main theoretical framework. A survey questionnaire was distributed using a purposive sample approach to 49 key individuals (technology transfer professionals) who have been involved in spin-out creation in the past and the response was received from 17 respondents. A mixed methods research methodology was utilised and the data was presented using descriptive statistics and narration. The results of the data indicate a similar pattern to international trends and in some instances unique resource combinations that are relevant to SA

A performance-based taxonomy of entrepreneurial universities

The European higher education landscape has experienced dramatic changes in the last decades and the entrepreneurial university has turned into a potential solution to these perceived problems. Therefore, this paper proposes taxonomy of entrepreneurial universities. Based on a cluster analysis, three distinct groups are identified, within different phases of the transformation into an entrepreneurial university: one group of universities is in the first phase of the path, since they are not obtaining high entrepreneurial university results yet; another group is in the second phase of the path, obtaining good results in hard academic entrepreneurship activities; and, finally, the last group is composed of the most entrepreneurial universities. Moreover, universities are not motionless within a specific group, they can improve and move from one stage to the upper one; indeed, this paper shows the main levers for moving from one stage to another

Design-entrepreneurship in the post-recession economy: Parsons ELab, a Design School Incubator

La “gran recesión” de 2008-09 en los EE.UU. fue un momento decisivo en el desarrollo de la dinámica de los negocios y se constituyó en una instancia muy prometedora tanto para la creación de una nueva generación de compañías americanas como para la revigorización de empresas ya establecidas. Estos son 1. el surgimiento de la economía colaborativa, 2. la interconexión tecnológica, 3. la adopción de propuestas de valor propositivas o relacionadas con una causa y 4. la adaptabilidad a los recursos limitados. Este artículo analiza el surgimiento del diseño en el escenario de los negocios en la post-recesión de EE.UU.; se describen los atributos que los diseñadores comparten con los empresarios, incluyendo la capacidad de adaptación, el riesgo y la tolerancia al error, la multidisciplinariedad, la creatividad y una mentalidad orientada a la resolución de problemas. Se describen estas nuevas funciones y formas de trabajo combinado con las capacidades y los recursos intelectuales disponibles en la educación superior. En concreto, se presenta a Parson´s E Lab: una incubadora negocios de diseño-escuela que busca replicar el ambiente dinámico de aprendizaje en el escenario de los negocios en la post-recesión en Estados Unidos, a través de un modelo en red, orientado al diseño y socialmente comprometido, que contempla los cuatro ejes clave de la estrategia empresarial de start-up en el entorno posterior a la recesión.The “great recession” of 2008-09 in the U.S. was a watershed moment in the development of business practices that hold promise in driving the creation of a new generation of American companies and re-invigorating established businesses. These are i. the emergence of the sharing economy, ii. technological interconnectedness, iii. adoption of purpose-driven or cause-related value proposition(s) and iv. adaptability in the face of limited resources. This paper discusses the rise of design in the post-recession U.S. business landscape. We define attributes that designers share with entrepreneurs including adaptability, initiative, risk and failure-tolerance, ability to think-and-work across disciplines, creativity and a problem-solving mindset. We describe these new roles and ways of working and discuss how they might be combined with intellectual capacities and resources available in higher education. Specifically, we present Parsons’ Entrepreneurs Lab (ELab): a business incubator-design school hybrid that seeks to replicate the dynamic learning atmosphere of the post-recession American business landscape through a design-driven/socially-engaged networked model that addresses all four of the key dynamics driving start-up businesses in the post-recession environment.A Grande Recessão de 2008-09 nos EUA foi um momento decisivo no desenvolvimento da dinâmica dos negócios se estabeleceu numa instancia promissória tanto para a criação de uma nova geração de companhias americanas como para o relançamento de empresas já estabelecidas. Estes são: 1) O surgimento da economia colaborativa, 2) a interconexão tecnológica, 3) a adopção de propostas de valor propositivas ou relacionadas com uma causa, y 4) a adaptabilidade aos recursos limitados. Este artigo analisa o surgimento do design no cenário dos negócios na pós-recessão de EUA; se descrevem os atributos que os designers compartilham como os empresários, incluindo a capacidade de adaptação, o risco e a tolerância ao erro, a multidisciplinaridad, a criatividade e uma mentalidade orientada à resolução de problemas. Descrevem-se estas novas funções e formas de trabalho combinado com as capacidades e os recursos intelectuais disponíveis na educação superior. Em concreto, se apresenta a Parson´s E Lab, uma incubadora de negócios de design-escola que procura replicar o ambiente dinâmico de aprendizagem no cenário dos negócios na pós-recessão nos EUA, através de um modelo em rede, orientado ao design e socialmente comprometido, que contempla os quatro eixos chave da estratégia empresarial de start-up no entorno posterior à recessã