KIEI Kickoffs
Total Page:16
File Type:pdf, Size:1020Kb
KELLOGG INNOVATION & ENTREPRENEURSHIP INITIATIVE KIEI Kickoff & Reception Sept. 25, 2013 KELLOGG INITIATIVES Innovation and Entrepreneurship Thought Leadership Creates New Fundamentals Architectures Innovation & Markets & Public/Private of Collaboration Entrepreneurship Customers Interface Accounting Finance Management & Organizations Management & Strategy Managerial Economics and Decision Sciences Marketing KELLOGG INITIATIVES Innovation and Entrepreneurship KELLOGG INNOVATION & ENTREPRENEURSHIP INITIATIVE Create unifying structure and increase external impact Heizer Center Levy Institute for Levy Institute for Private Entrepreneurial for Equity & Practice Entrepreneurial Venture Practice Capital Heizer Center Center for for Private Family Equity & Enterprises Venture Capital Social Center for Enterprise Family Enterprises KIEI Kellogg Social Innovation Enterprise Network (KIN) Center for Research in Center for Kellogg Technology Research in Innovation & Innovation Technology & Network Innovation (KIN) KELLOGG INITIATIVES Innovation and Entrepreneurship The Vision for KIEI Corporate Innovation • KIN, CRTI, Social Entrepreneurship Growth & Innovation • Heizer Center, Family Enterprise, Social Entrepreneurship New Venture Creation • Levy Center, Heizer Center, Social Entrepreneurship KELLOGG INITIATIVES Innovation and Entrepreneurship The Entrepreneurship Launch Pad Discovery Ideation Launch Curriculum NUvention & Innovation Lab NUvention: Energy, Web, Impact, Medical, etc. New Venture NU Cross- Discovery Building Block Courses Campus Building Teams, IP, Selling, Digital Marketing (KIEI 462) Business Competition Experiential Courses PE, VC and Entrepreneurship Labs Engagement Local Angel Alumni and Community Mentors, Speaker Series, Groups & EIRs, Incubators, Internships, INVO, Student Clubs Accelerators KELLOGG INITIATIVES Innovation and Entrepreneurship New Venture Creation | Curriculum A New Curriculum Pathway Unique to Kellogg 1. Three-quarter Pathway • Test and launch your business over 3 quarters of courses 2. KIEI 462: New Venture Discovery • Identify a problem and test the value proposition and potential customers • Introduction to ‘design thinking’ 3. Sector-based Lean Launchpad Classes • KIEI-950,952: NUvention Web (McCormick) • KIEI-951: NUvention Energy (McCormick) • HEMA-915, 916: NUvention Medical (McCormick, Kellogg, Law) • KIEI-930, 931: Innovate for Impact (Kellogg) • KIEI-940,941: Innovation Lab I & II (Kellogg)* • New courses: NUvention Nano (Fall), NUvention Analytics (Spring) KELLOGG INITIATIVES Innovation and Entrepreneurship New Venture Creation | Curriculum 4. Experiential Courses • KIEI 967: The Entrepreneurial Experience* (Formerly ENTR 967) • FINC 915: Venture Lab • New course: The VC Experience** • FINC 939: Buyout Lab • New Course: The Business of Commercialization** 5. Framework & Tactical Courses • 5-week courses – MKTG-961-A: Entrepreneurial Tools for Digital Marketing* – MKTG-962-B: Entrepreneurial Selling: Business to Business* – KIEI-902-A: Entrepreneurial Selling: Skills & Strategies – MORS 952-B: Entrepreneurship: Building Innovation, Teams and Culture* – BUSLAW -911-B: Business Law for Entrepreneurs – KIEI-935-B: Intellectual Property for Entrepreneurs* • 10 week-courses – KIEI-965-0: Global Governance for Private Companies* – KIEI-925-0: Start-up Programming and Management* * New courses in 2012-13 ** New courses in 2013-14 KELLOGG INITIATIVES Innovation and Entrepreneurship VC & Buyout Labs for Fall 2013 (Sponsor firms change each quarter. The application period slated for the latter half of October.) VC – FIN 915 Buyout – FIN 939 A Better Chicago 2x Consumer Products Abundant Capital Agamya Capital KB Partners & Versatile Sports Partners Beverly Capital Longitude Capital Cascade Partners Matthew Pritzker Company Council Capital Merrick Ventures Frontenac Motorola Solutions Venture Capital Lakeview Group New World Ventures LaSalle Capital Group OCA Ventures Lighthouse Equity Partners OpenView MAT Capital Qualcomm Ventures New Harbor Capital RSF Social Finance Norwest Equity Partners Shasta Ventures RedRidge Finance Group Simplexity Ventures Sterling Partners West Suburban Angels Transom Capital WMG Capital Wolf Point Growth Partners KELLOGG INITIATIVES Innovation and Entrepreneurship KELLOGG INITIATIVES Innovation and Entrepreneurship KELLOGG INITIATIVES Innovation and Entrepreneurship NUvention Courses The NUvention program is a unique set of cross-campus, interdisciplinary courses offered at Northwestern University. The variety of courses continues to grow. The Farley Center for Entrepreneurship at the McCormick School of Engineering manages the following NUvention Courses: • NUvention Web • NUvention Energy • NUvention Nano (New this fall.) • NUvention Analytics (Coming this spring.) Kellogg manages these NUvention courses: • NUvention Medical • NUvention Impact Please Note: The application and enrollment process for NUvention courses differs from the Kellogg class bidding system. For information on how to apply, email [email protected]. KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI: Year One Successes “There is now a buzz in the startup arena that Northwestern is the new MIT or Stanford.” – Samir Mayekar ‘13, SiNode Systems KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI: Year One Successes “[The VCIC] was by far and away the single best learning and bonding experience for us at Kellogg.” Robbie Salter, JD/MBA 2013 This year marks the first time in 10 years that a Kellogg team won the regional competition. KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI: Year One Successes • 26 Kellogg alumni and student startups worked at 1871 during summer 2013 • 10 new full-time courses were added • 11 total adjunct faculty added in 2012-13 and 2013-14 • 3 new challenges proffering prizes were created: – Sterling Partners Investment Thesis Challenge (SPITC) – Kellogg Venture Capital Investment Challenge (Kellogg VCIC) – U.S. Cellular Corporate Innovation Challenge • 2 summer opportunities were created: – LaunchU summer fellowship $45,000 for two startup teams from New World Ventures – Sponsorship at 1871 for 7 entrepreneurship students • Kellogg Entrepreneurial Internship Program updated and expanded • Kellogg NUvention team SiNode Systems won the Rice University Business Plan competition and the U.S. Department of Energy’s Clean Energy Business Plan Competition, winning nearly $1M • Kellogg team took the top spot at the International Impact Investment Challenge (I3C) at the World Bank in Washington, D.C. • Kellogg team took home the regional title during the national VCIC KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI Programming | Academic Year Entrepreneurship Programs • Zell Scholars Program (More info. forthcoming) • StartupNU (Website launching Oct. 8) • Kellogg Business Design Challenge (More info. forthcoming) • Kellogg Innovation Network (KIN) Global • NUventure Challenge Private Equity & Venture Capital Programs • PEVC Lab Speaker Series (See Campus Groups) • VC Prep Seminar with Paul Lee, Partner, Lightbank (More info. forthcoming) • Kellogg Venture Capital Investment Challenge (VCIC) • Sterling Partners Investment Thesis Challenge (SPITC) – (Updated website info. coming soon) KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI Programming | Academic Year Family Enterprise Programs • Family Business Executive-in-Residence Technology & Innovation Programs • Center for Research in Technology & Innovation Annual Conference • Kellogg Innovation Network (KIN) Global Social Enterprise Programs • Innovating for Chicago Speaker Series (See Campus Groups) • International Impact Investing Challenge (I3C) • Levy Social Entrepreneurship Lab Launch Awards • NewDay Award and Internship • Combe Scholars (More info. forthcoming) • Kellogg Social Entrepreneurship Award KELLOGG INITIATIVES Innovation and Entrepreneurship KIEI Programming | Summer 2014 Entrepreneurship Programs • Kellogg Entrepreneurial Internship Program (KEIP) – First year and 1Y students are eligible to apply for internship placement in one of the following sectors: – Entrepreneurship – Technology – Innovation – Family Enterprise – Social Impact – Private Equity – Venture Capital • LaunchU – Sponsored by New World Ventures Social Enterprise & Impact Programs • Center for Research in Technology & Innovation Social Impact Fellowships • Kellogg Social Entrepreneurship Award • NewDay Social Entrepreneurship Launch Award KELLOGG INITIATIVES Innovation and Entrepreneurship Upcoming Events | Visit Campus Groups for More Info. Oct. 11 – PEVC Speaker Lab Series with Paul Lee, Gen. Partner at Lightbank – Beers & Brainstorming with Kellogg & Segal EDI Oct. 15 – Zell Scholars Kickoff Oct. 22 – Innovating for Chicago Speaker Series | Education Innovation: Addressing the Education Crisis Oct. 25 – VC Prep Seminar with Paul Lee, General Partner at Lightbank (5-weeks) Oct. 28 – NUvention Impact Info. Session – E-Club 1871 Kickoff Nov. 9-10 – StartupNU Nov. 4 – Innovating for Chicago Speaker Series | Brett Goldstein, Chief Data Officer for the City of Chicago Nov. 14 – Kellogg Business Design Challenge KELLOGG INITIATIVES Innovation and Entrepreneurship Startup Incubators Kellogg/Northwestern Incubators: • Kellogg Innovation & Entrepreneurship Lab – Room 518 • 1871 at the Merchandise Mart, Downtown Chicago • Kellogg Education Tech Incubator Chicago Area Incubators/Shared Working Space: • Industrious • Enerspace • Check Chicago Creative Space for more space options KELLOGG INITIATIVES Innovation