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Photonics Entrepreneurship 101

FROM IDEA TO START-UP IN THE ACADEMIC CURRICULUM


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PRPI STAFF

Jonathan Friedman, PhD

Andrés Díaz, PhD

Rubén A. Gordillo, MBA

Director

Academic Coordinator

Entrepreneurship Professor Marketing Coordinator


What is Photonics Entrepreneurship 101? From Idea to Start-Up in the academic curriculum 

It is a

Recommendation a Call to action a Consideration

to include an ENTREPRENEURIAL COMPONENT in Photonics Educational Programs

Source: PRPI's Study, January 2016

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Basis of our recommendation

90% of European institutions offer an Entrepreneurial Course in their programs

In the USA, fewer than 10% of Photonics institutions include an Entrepreneurial Course or option in their photonics programs

Source: PRPI's Study, January 2016


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Current offerings of Photonics Educational Programs

A broad education grounded in physics: Geometrical optics Physical optics Fiber optics Electro-optics devices

Lead to

A variety of excellent career opportunities


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Beyond career opportunities:

Can we offer other options in Lasers & Photonics education?


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Why must we include an Entrepreneurship Course in Optics and Photonics in current educational programs? Source: www.weforum.org/agenda/2016/06/top-10-emerging-technologies-2016/


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Why must we include an Entrepreneurship Course in Optics and Photonics in current educational programs?

To address obstacles that can be found under challenging economic conditions. To provide students the power to choose between being hired by an employer or becoming an entrepreneur


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“ much on photonics as the 20th

The 21st century will depend as century depended on electronics

Source: http://www.light2015.org/Home/WhyLightMatters/What-is-Photonics.html


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Entrepreneurial opportunities comparison at a glance


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Entrepreneurship 101


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Looking ahead to Entrepreneurship 

“Entrepreneurship is the future of the global economy. Accelerating entrepreneurship at home and abroad will make the world more interconnected and provide economic opportunity to developing countries. The global challenge ahead is unemployment. Most of the world, including the United States, must accelerate job creation. This means entrepreneurship” Shelly Porges, Senior adviser at the Global Entrepreneurship Program of the U.S. Department of State. Entrepreneurship@Cornell Celebration Conference, April 2018


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Entrepreneurship the simple way

Risk Acceptance

of an opportunity

to achieve success

Career choice of the student

Identified by the student

Business Reward for becoming a successful entrepreneur


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Entrepreneurship is a career planning option* to develop an idea and become an Entrepreneur. Success is not granted EMPLOYMENT AND ECONOMIC DEVELOPMENT CENTRE OF FINLAND, 2015

*OPTIONS: Job Hunting vs Business Idea Development


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What does NOT define Entrepreneurship? 

It is not only about making a million dollars nor creating a valuable company

It is not about coming to the office everyday expecting a million-dollar check

It is not about measuring your results against your competition

It is not exclusive to the Business School

Is not limited to people with money taking a risk on a venture


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Why Entrepreneurship 101 is needed? Job of the future: Self-Employment


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What is Photonics Entrepreneurship 101? 

An introductory course in the Entrepreneurship ecosystem

Over 500+ worldwide universities/institutes offer a Photonics/Optics educational program

40+ of them in the USA

Only 1 in Puerto Rico and the Caribbean Just a few Photonics Educational Institutions in the US include an Entrepreneurship Course in their Program.


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What if it is not possible to include Entrepreneurship 101 in the curriculum?

Business Canvas Day Forums

Seminars and Bootcamps

Business Plan and Elevator Pitch Competitions

Local Entrepreneur Interviews Recognition of Opportunities in emergent technologies

Entrepreneurial

MindSet Seminars


Relationship between Photonics and Entrepreneurship Photonics represents fertile ground in emergent technologies Identify the opportunity

Students deserve the opportunity to develop their entrepreneurial minds Join them!

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Provide students the option to be entrepreneurs during and after the completion of their education

A vital economic T engine

The time

Let’s do it! has come

Students can develop innovative ideas to have a successful start-up Yes, they can!

A MUST in today’s Photonics Educational Programs


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Entrepreneurs in Photonics “Entrepreneurs are drivers of innovation and the economic society, and the photonics industry offers a myriad of opportunities” Milton Chang, Entrepreneurship Writer

Founder and Former President of Newport and New Focus Managing Director of Incubic Management


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Basic opportunities for Entrepreneurs-to-be in Photonics

Photography LED Technology Illumination

 Ideas  Emerging Technologies  Growing business opportunities

Solar Panels Commercial Signs


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What now?


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Entrepreneurial Educational Approach

4

Educators

3 2

1 Development of Entrepreneur MindSet

Education in Entrepreneurship

Launch of the Entrepreneurial Ecosystem from the university

Entrepreneurship based on Emergent Technologies

Mentors


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Opportunity mapping: The Business Canvas Template for Strategic Management and Lean Startup

Source: Strategyzer AG

Ownership

Value propositions

Customers

Market segmentation

Distribution Channels

Finances


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Call to action

“The education world has long been averse to change — in many ways we are still preparing students for a world that no longer exists” Source: Partnership for 21st Century Skills, a national organization comprised of both business (Apple, Intel, Adobe, HP) and education (National Education Association, Pearson, Scholastic), May 2016


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Become a Mentor


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Recommended reading Best Practices & Pedagogical Methods in Entrepreneurship Education in Europe PDF Available in Internet for free

You will learn:

The Quality of Entrepreneurship Programs in Europe


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Recommended reading

www.elimendset.com


Self-Employment is the job of the future. Let’s teach Entrepreneurship in Photonics educational programs

Source: https://www.wise-qatar.org/sites/default/files/asset/document/wise-research-6-babson-11_17.pdf

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Putting in practice the Ecosystem

4

Educators

3 2

1 Introduction seminars

BootCamp

Entrepreneurship Challenge Competitions

Entrepreneurship Course

Mentors


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Photonics Entrepreneurship 101

FROM THE IDEA TO THE START-UP IN THE ACADEMIC CURRICULUM


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Rubén A. Gordillo, MBA Entrepreneurship Professor @PRPI, UMET’s School of Business Founder of EMPRENDETE.PR - www.emprendete.pr rgordillo2@suagm.edu info@emprendete.pr


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Follow us… 

Facebook: PRPhotonics

Twitter: @PRPhotonics

Instagram: PRPhotonics

Web: prpi.suagm.edu

Email: prpi@suagm.edu

rgordillo2@suagm.edu info@emprendete.pr

 http://prpi.suagm.edu/hitec2016

Entrepreneurship 101 pit final version  

Hi-Tec 2016 Presentation, July 28, 2016

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