Coordination planning 013014

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

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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

Google

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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