denmark keynote: universities, new ventures, and culture
TRANSCRIPT
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IkhlaqSidhu,contentauthor
Ikhlaq SidhuFounding Faculty Director Sutardja Center for Entrepreneurship & TechnologyDepartment of Industrial Engineering & Operations Research IEOR Emerging Area Professor Award
Universities,NewVentures,andCultureDenmarkSeptember2017
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IkhlaqSidhu,contentauthor
MyPerspective:Sutardja CenterforEntrepreneurship&Technology
CollegeofEngineering,UCBerkeley
ApproachBerkeleyMethod:Ø EntrepreneurshipØ InnovationLeadership
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IkhlaqSidhu,contentauthor
Our Model Brings Bay Area Executives and Entrepreneurs into the Classroom
1500 Undergraduates100 Ph.D / Graduate Students100 Executives10 Global Partners
Michael Marks, KKR, former CEO, FlextronicsShomt Ghose, Venture Partner, Onset VenturesUdi Manber, VP Engineering, GoogleMarc Andreesen, Founder, NetscapeLarry Baer, COO, San Francisco GiantsAmine Haoui, CEO, Sensys NetworksStacey Lawson, Founder In Part, Executive SeibelJim Davidson, Managing Director, Silverlake PartnersDonna Dubinsky, Former CEO, PalmMatt Caspari, co-founder, Aurora BiofuelsRichard Gorman, SVP, Siebel SystemsMike Olson, founder and CEO, ClouderaBrodie Keast, EVP, TiVoDavid Ladd, Managing Director, MayfieldJeff Miller, CEO, DocumentumEva Miranda, SVP, Sony CorporationRavi Mohan, Managing Director, Shasta VenturesTed Hoff, Inventor,of the MicroprocessorNat Goldhaber, Managing Director, Claremont Creek VenturesPeter Thiel, co-founder and CEO, PayPalVictoria Hale, founder and CEO, Medicines 360Steve Newcomb, founder , Powerset (part of Microsoft�s BING)Pehong Cheng, CEO, Broadvision
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IkhlaqSidhu,contentauthor
LOTS OF ACTIVITY
CHALLENGE LAB
GLOBAL PROFESSORS
NZTV
SELF-DRIVINGCOLLIDER
DATA-X CHATBOT COLLIDER SCET IN TAIWANJOHN BATTELLE
FOUNDER WIRED MAGAZINE
NEWS COVERAGE
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IkhlaqSidhu,contentauthor
Ourmodelhasadapted:Businesstrainingisnottheonlykeyelement
Oureffectivenessformulais:• Depthinanvaluedarea• Entrepreneurial“behaviorsandmindset”
Ourprogramsandprojectsprovidethis.
Our model has adapted: Business training is not the only key element
SkillinaCoreArea
InnovationBehaviorsandMindset“PsychologyofInnovation”
High Potential
Too Narrow
Street smart, but lacking depth
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IkhlaqSidhu,contentauthor
What is happeningat the Sutardja Center (SCET)?
• We are changing education• Students change the world• Our lab area enable new industries and new
ways to collaborate
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IkhlaqSidhu,contentauthor
The Greater Silicon Valley: An Innovation Accelerator
My other perspective is Silicon Valley
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IkhlaqSidhu,contentauthor
Silicon Valley – What is it like?
• Approx.6Mpeople
• 400,000+techjobs(~25%oftheworkforce)
• Moremillionaires&billionairespercapitathananywhereelseinUSandEurope
• Thousandsofexperiencedentrepreneurs.
• 50%ofallventureinvestingintheUS
• 2,000+angelinvestors,29ofthe100largestUScompanieshaveHQinSV
• Decisionsaremadeatlightningspeed
• Followupinhours,notdaysorweeks
DatafromUSMAC
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IkhlaqSidhu,contentauthor
DemystifytheVentureCreationProcess
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IkhlaqSidhu,contentauthor
UniversitiesandIndustryMisconception
Universities
SmartestPeople
NewVentures
Technology
Message1:AMisconception
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IkhlaqSidhu,contentauthor
UniversitiesandIndustry
SmartestPeople
NewVentures
Technology
Thisismisconception
Universities
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IkhlaqSidhu,contentauthor
UniversitiesandIndustry
Universities:StanfordBerkeleySmartest
People
WorldBrainDrain
LargeFirms
NewVentures
Create
Grow
SkilledEmployees
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IkhlaqSidhu,contentauthor
UniversitiesandIndustry
Universities:StanfordBerkeleySmartest
People
WorldBrainDrain
LargeFirmsNewVentures
Create
Grow
SkilledEmployees
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IkhlaqSidhu,contentauthor
ACriticalFactor
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IkhlaqSidhu,contentauthor
• SanDiego• Chicago
TwoCitiesinUSA
Message2:(Innovation)CultureMatters
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IkhlaqSidhu,contentauthor
ComponentsofAnyIndustryClusterorEcosystem
Government Policy
People with Skills
Venture Capital / Private Equity
Entrepreneurs Support System
Universities
Industry Base or Cluster
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IkhlaqSidhu,contentauthor
ComponentsofAnyIndustryClusterorEcosystem
Government Policy
People with Skills
Venture Capital / Private Equity
Entrepreneurs Support System
Universities
Industry Base or Cluster
Hidden Essential Ingredient
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IkhlaqSidhu,contentauthor
ComponentsofAnyIndustryClusterorEcosystem
Government Policy
People with Skills
Venture Capital / Private Equity
Entrepreneurs Support System
Universities
Industry Base or Cluster
Hidden Essential Ingredient
Innovation Culture& Mindset
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IkhlaqSidhu,contentauthor
Message3:
Teachboth:skillsforinnovationcultureforinnovation(behaviorandmindset)
WhatCanaUniversityContribute
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IkhlaqSidhu,contentauthor
AdviceforResearchers
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IkhlaqSidhu,contentauthor
ResearchbasedEntrepreneursTendtoWatchtheTrends
DesignOfToday
5years
Densityofmemory
Speedofcomputing
Costofbandwidth
ResearchProjectProposalToday
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IkhlaqSidhu,contentauthor
Misconception
WorkinLabfor5years
ShowWorld
TheyLoveitAndadoptit
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IkhlaqSidhu,contentauthor
Misconception
WorkinLabfor5years
ShowWorld
TheyLoveitAndadoptit
Instead:
InviteWorld(Industry)to
collaboratewithyou
Letthemtellyouwheretheindustrywillbe
in5years
Intersectwiththeirroadmapin2-3years
TheyLoveitAndadoptit
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IkhlaqSidhu,contentauthor
Contact:
IkhlaqSidhuFacultyDirector,Sutardja CenterforEntrepreneurship&TechnologyIEOREmergingAreaProfessor,[email protected]
scet.berkeley.edu