Coordination + Partner Profile
Coordination and Partner Profile Narrative Elevate Entrepreneurship Systems will coordinate a host of partners that have the ability to support the development of a student entrepreneurship eco-‐system. These partners will form the Delta Region Student Entrepreneurship Education Consortium. The consortium will be comprised of four major groups: • • • •
Mid-‐South Community College Departments Internal Project Partners Public Sector Project Partners Private Sector Project Partners
Elevate Entrepreneurship Systems subscribes to the belief that community colleges serve as the epi-‐ center of a student-‐based entrepreneurial eco-‐system. Through this effort Mid-‐South Community College will utilize it’s extensive relationships within the Delta Region to properly organize, align, and deploy key players who have the ability to enhance the creation, development, design, and expansion of student-‐owned enterprises. The Delta Region Student Entrepreneurship Consortium will be coordinated by Elevate. This group will be an action-‐oriented network of “Doers” vs. “Planners”. This plan of action will demonstrate how Elevate will coordinate public, private, and educational resources.
MSCC Departments
Public Sector Project Partners
Delta Region Student Entrepreneurship Education Committee
Private Sector Project Partners
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Internal Partners
Coordination and Partner Profile Delta Regional Authority Small Business Frameworks Report The development of this component of the Elevate System is consistent with the Delta Regional Authorities’ Small Business Framework. By implementing this set of activities MSCC and Elevate will develop relationships that foster collaboration and build partnerships with a host of resources. Elevate will help the various partners understand how and when they should be introduced to students and how to garner improved outcomes by partnering with Elevate to work with student entrepreneurs. For additional information on the importance of coordinating partnerships in support of applied entrepreneurship education please refer to the Delta Regional Authorities Building Community Economies Report at: http://www.dra.gov/!userfiles/editor/docs/SBE Policy Framework Final.pdf 3
Coordination and Partner Profile Babson Global Entrepreneurship Eco-‐System Model Babson Global also has developed an interesting model that outlines how an entrepreneurial eco-‐ system should be built. Elevate will extract key components of this model and utilize those components to engage a wide variety of resources both locally, regionally, and nationally to support MSCC’s applied entrepreneurship project. Elevate will then coordinate these resources as outlined below. The following table provides a description of the key components of developing an entrepreneurial eco-‐system.
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Coordination and Partner Profile Mid-‐South Community College Resources Elevate Entrepreneurship Systems seeks to engage the Mid-‐South Community College team in supporting the development of the Elevate System. Elevate currently seeks to work in partnership with the following departments/offices. The table below describes the role that each department /office will play in the development of the system: MSCC Office / Dept.
Office of the President
Academic Advancement Office
MSCC Foundation
W.I.I.F.M. (What’s In It For Me?)
Partnership Description
Broker partnerships with private sector leaders, entrepreneurs, and other leadership figures in the region, with state agencies, and federal agencies Coordinate the leadership team
Improved outcomes for MSCC Students National model program in student entrepreneurship education
Build bridges with internal and external partners
Establishment of MSCC Center for Innovation and Entrepreneurship
Increased funding opportunities
Develop a credit-‐based entrepreneurship education program that has the ability to be deployed to students attending MSCC, to high school students (dual enrollment), and through an online education and assessment model
Demonstrates how the academic model can produce viable business enterprises and also how entrepreneurship education can enhance educational performance among students, particularly low-‐income, male, minority students
Expand networking opportunities for student entrepreneurs with community leaders, entrepreneurs, and other MSCC alumni
Engage students in establishing scholarship funds, participating in fundraising activities, and expanding potential foundation supporters/student alumni
Develop activities in partnership with the foundation whereas student entrepreneurs can support fundraising activities while also developing relationships with key community leaders Build relationships with high-‐wealth individuals who seek to support business creation, entrepreneurship, and who seek to gift the school (incubator/entrepreneurship building)
Student Life Dept.
ADTEC Consortium / Grants Mgmt.
Video Program
Organize and manage student engagement activities and manage the development of the B.O.S.S. (Business. Opportunities. For Student. Success) Entrepreneurship Club
Expand opportunities for student leaders
Manage grant activities and coordinate learning and sharing opportunities with ADTEC Schools
Increased revenue and grant opportunities at MSCC and with ADTEC Schools
Increase student leaders that have the ability to become club leaders
Provide video services and post-‐editing of training activities and the story of student entrepreneurs.
Project-‐based learning opportunities for students within the video department
Develop student generated video-‐based blogs and social media content
Opportunities to submit for competitions/awards for video production Increased student engagement/ performance
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Coordination and Partner Profile Recruitment Dept.
Work to promote entrepreneurship education and MSCC’s Center for Innovation and Entrep. Identify high school students who have an interest in entrepreneurship Identify and refer students in vocational training programs to entrepreneurship training activities
Vocational Education Dept.
Private Industry Partnerships TREO Program Black Male Initiative
Increased ability to recruit students-‐ particularly students in Memphis, TN.
Provide vocational education students with the opportunity to launch businesses in their field of study Entrepreneurship will increase student recruitment by demonstrating a unique opportunity for students to use their vocational training
Develop partnership and promote events with private industry leaders and entrepreneurs
Expands relationships with private industry leaders and helps to engage private industry leaders in supporting MSCC
Identify students who need assistance / motivation / support to become strong college students
Improve student success
Identify black male students who seek to become entrepreneurs
Provide a meaningful way to engage black male students and attract additional black male students
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Coordination and Partner Profile Internal Project Partners / Resources Elevate Entrepreneurship Systems will work with a group of internal partners to provide students with resources necessary to support the development micro-‐enterprises. The following table outlines the internal partners who will support the implementation of the Elevate System at MSCC: Partner Alt Consulting
Partnership Description Provide students with one on one assistance in setting up accounting systems, building business plans, and financial forecasting Deploy loan resources to support student enterprises
Akuba Dawkins / The Drew Agency Andre Barnes Chief Technologist Student Interns National Association of Community Colleges for Entrepreneurs (NACCE)
Provide event management assistance and national network connections Provide technology-‐based training and code training workshop Assist with coordinating special events, expanding relationships, and providing admin. Assistance Provide access to country’s top community college programs, and provide access to national conference along with key national contacts
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W.I.F.M What’s. In. It. For. Me Alt Consulting will have the ability to work with rural student entrepreneurs Provides Alt with the ability to connect with students who have been trained and developed through formal entrepreneurship education activities
Paid-‐Consultant Paid-‐Consultant Scholarship/Stipend and work experience Sponsorship of NACCE Workshop and National Conference
Coordination and Partner Profile Public Sector Partnerships Partners Arkansas Economic Development Commission
Description Research and reports on economic trends and opportunities in Arkansas Support the development of a student entrepreneur micro-‐loan fund
W.I.F.M. What’s. In. It. For. Me Demonstrates the agency’s ability to support and expand small businesses and student enterprises
University of Arkansas Office of Research and Evaluation Division of Agriculture and Extension Ar. State Legislator
Research/ evaluation services
Provides U of A with a compelling research and evaluation project
Support for policies that blend education, economic development and the creation of businesses in Arkansas
Deliver on the promise of education, economic development, jobs, and business creation
Governor’s Office
Executive support for the creation of student businesses
Provides the Governor’s Office with a platform for the concept of blending education and entrepreneurship
Arkansas Department of Workforce Services
Funding/ support to expand applied entrepreneurship ed. in Arkansas
Ability to support the development of jobs within Arkansas
East Arkansas Workforce Investment Board
Support for additional entrep. training, summer youth projects, + specialized training for youth entrep. activities
Demonstrate the WIB’s board to create and develop jobs within the region
City of West Memphis
Identify opportunities for the City of W. Memphis to purchase products and services from student entreps.
Positive community relations, increased employment of students/youth, and econ. Dev.
City of Memphis
Same as above for City of Memphis
Same as above for City of Memphis
West Memphis Chamber of Commerce
Access to local entreps. / host events
Increase membership of Chamber
Establish a Jr. Chamber Membership
Increase diversity among members
Memphis Chamber of Commerce
Same as above
Same as above
Memphis Public Schools
Access to MPS students
Improve student outcomes through entrepreneurship education
United States Small Business Administration
Access the numerous business development assets that SBA Manages
Obtain federal funding to support project/ related activities
Small Business Technology Development Center (SBTDC)
Access the SBTDC libraries, consultants, and related resources
Expand the number of individuals using the SBTDC Resources
University of Arkansas Office of Community Services
Provide research support and evaluation of program model
Provide a real-‐world research product
Senior Corps of Retired Executives (SCORE)
Provide students with access to SCORE Mentors
Provide consulting hours
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Coordination and Partner Profile Private Sector Partnerships Partners Local/Area Banks
Description Provide mentorship, access to REO Properties, and support financial literacy and micro-‐loans for student entrepreneurs Host competitions and provide tours for student entrepreneurs from MSCC Provide Elevate w/ relationships in the Google network + various divisions that support entrepreneurs/ enterprise dev.
W.I.I.F.M. What’s In It For Me? Increased relationships with unbanked community Expand entrepreneurship and future loans The Google Small and Medium Sized Business Division is interested in learning how to support student entrepreneurship and expanding that activity into its business model and throughout the Google organization
Provide students with education on how to use Google for Business Partner to bring the Black Googler Network to the Memphis/ West Memphis Area during July 2014 Major Industry Players
Provide sub-‐contracts for products and services that are purchased internationally or outside of Delta Region
Improved efficiency-‐ local resources Improved efficiencies within the local regional sectorial economy Improved area human resources
Consumers (W. Memphis, Memphis, etc.)
Purchasing products/services from student entrepreneurs
Expand local economy and improve job opportunities
Local Churches
Purchase goods/services from student entrepreneurs
Youth development opportunities
Engage youth groups in developing student enterprises
Opportunities to engage with community youth interested in entrepreneurship
Entrepreneurs in Area
Become mentors and investors in student enterprises
Opportunity to share their knowledge, + experiences to improve the economic state of their local community
Small businesses in area
Provide students with opportunities to provide services and delivery products
Supports the expansion of the local economy, benefitting small business
Gestalt Charter Schools
Provide students with access to entrepreneurship training
Improved outcomes for students and engage youth in solving community problems
Acciòn
Provide access to micro-‐loan resources
Increased loans and impact within the Delta Region and increased opportunities for future funding in Delta Region
Kiva
Provide access to crowd funded loans
Demonstrate Kiva’s ability to impact the Delta Region and increased support on Kiva Platform
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Coordination and Partner Profile makePAPER
Provide access to student-‐based competitions, crowd funding, and market place activities
Allows makePAPER to access student entrepreneurs and build-‐out its technology platform
GoFundMe
Provide students with access to crowd funding resources
Allows Go Fund Me to expand its impact and outreach
Kickstarter
Provide students with access to crowd funding resources
Allows Kickstarter to expand its impact and outreach
Winrock International
Provide technical assistance to student enterprises
Allows Winrock to demonstrate supports and ability to impact business creation
Hope Community Credit Union
Provide financial literacy training and funding for micro-‐loan fund
Allows Hope to meet its goal of expanding financial opportunities
Innovate Arkansas
Provide technical assistance and counseling to technology-‐based entrepreneurs and events
Provides Innovate with the ability to demonstrate its brand’s impact with youth
Transform Finance Network
Provide social impact investment training in partnership with the MSCC Foundation and Elevate. This training will provide high wealth individuals with information on how to make social impact investments.
Transform Finance is a paid consulting organization and also is measured based on its ability to expand social impact investments both domestically and globally.
This will provide an innovative solution to the distribution of capital to the program’s target audience Allen Entrepreneurship Institute / Camp Exposure
Camp Exposure will provide scholarships to BOSS Club students and Students selected by MSCC / Elevate to attend the Allen Entrepreneurship Institute’s Summer BOSS Camp
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The Allen Entrepreneurship Institutes provides scholarships for student entrepreneurs and is interested in expanding its program to support scalable youth enterprises
Coordination and Partner Profile
Execution Elevate will implement the coordination and partner profile by executing the following actions: • Organize initial partner presentations and planning meetings • Develop MOU’s with key partnering organizations • Schedule coordinating meetings and planning meetings with key partners to insure that their delivery of services is implemented in a manner that is consistent with the training that students have received and to insure that students have the capacity to have a relevant conversation and/or utilize the resources provided by the partnering organization • Synthesize and report on the impact of key partners as it relates to the intended outcomes and goals of the partnership and the activity that is implemented • Produce a report on the role of partnering organizations in building an applied entrepreneurship model
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Coordination and Partner Profile
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