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University of Portland Center For Entrepreneurship E-Scholars ProgramFinalist - Outstanding Specialty Entrepreneurship Program

Purpose of E-ScholarsE-Scholars gives Students from any major on campus an opportunity to design, implement, and lead a business enterprise that aims to be the best of its kind in the world

ComprehensiveProgram ObjectivesE-Scholars develop their entrepreneurial mindsetLearn how to come up with innovative ideas Develop innovative realistic business plans Learn how to do business anywhere in the worldDomestic and International Travel It is the responsibility of the students to identify and contact people they think will be helpful in the development of their ideasLearn to set up their own business meetings with international and domestic contacts

ComprehensiveStudents ServedAny undergraduate major is eligible to apply Each E-Scholar class is made up of 20 studentsApproximately 50% Business MajorsRemaining 50% being from other schools of Engineering, Nursing, Education, or College of Arts and Sciences Typically students begin the program the Fall semester of their junior yearIn some cases students begin the program their senior year The Faces of E-Scholars

InnovativeProgram Event TimelineOctober/November- Idea Bash/Business Pitch E-scholars Fall Break NYC Best Practices and Hypotheses ValidationFebruary Invention to Venture EventLate February/Early March E-scholar Student Consortium Spring Break International Business TripApril-$100K Business Plan Competition

UniqueProgram DescriptionThe E-Scholars program utilizes unique learning strategies in a three course sequenceGoals: To enhance the creative potential of each student To develop mindsets and skill sets which enable the students to successfully implement their innovations7EffectiveSuccessful OutcomeThis strategy has proven successful Demonstrated by:The success of alumni in efforts ranging from innovations that assist disabled people, to new art therapies that build self-esteem in homeless childrenPlacement in fast growing, VC backed local venturesDevelopment of serial entrepreneursNike, Adidas, Intel

E-Scholars Curriculum Fall 2011 Spring 2012BUS481 Entrepreneurship Apprenticeship (3)Venture Launch/PrototypingEntrepreneurial InternshipsProjects

BUS480 World-Class Venture Creation (3)Ideation/Opp. Assess.Feasibility AnalysisBUS482 Global Entrepreneurship (3)Business ModelsIntl. Aspects/CultureBusiness Plan & Pitch

The Role of the EducatorRemove barriers that limit or prevent learningProvide rapid assessmentProvide feedbackProvide access to expertise and to qualified mentorsCreate an environment and learning system that accelerates student learningSkills gained in Global EntrepreneurshipBusiness Model DevelopmentInternational Aspects of New BusinessCultural CompetenciesGetting Outside Your Comfort ZoneIntentional Research and LearningGlobal Opportunities & Power Shifts

UniqueProgram AspectsProgram tailored for todays business realitiesInstill entrepreneurial environmental awareness and thinking, and offer various paths for entrepreneurial students to takeE-Scholars are challenged to actually conduct business on their own, as undergraduatesStudents investigate the international aspects of their intended opportunityStudents travel to one of several international destinations chosen for the program each yearE-Scholars all compete in our annual Launch Pad $100K Business Plan Competition SupportProgram FundingTotal expenses for the 20 students in the program each year= $8000/student or $160,000 totalStudents pay a fee of $4000 and are each matched with a $4000 scholarshipPrimary Program Costs include:Travel (domestic/international)Program materialsConference and event feesCenter for Entrepreneurship staff

Impact$100K Business Plan CompetitionAnnual competition that all E-Scholars compete inProvides an investment into investor ready student businessesUp to $50,000 annually in funds and $50,000 in-kind services to students willing to execute their opportunity

ImpactProgram BenefitsCore catalyst for students across campus developing their entrepreneurial mindsetFostered the development of many beneficial partnershipsStudents develop skills to compete in the global business environmentStudent interact with top entrepreneurs Students get the opportunity to design, implement, and lead a business projectImpactProgram Outcomes230 graduates (since the first class of E-Scholars in 1999)Nearly all E-Scholar alumni are regular contributors to the Center for EntrepreneurshipMany have started businesses since leaving/ continued the business started in the programUP HiveThe E-Scholar program is now in its 12th year at the University of Portland

Continuous InnovationOther schools have successfully launched and customized their E-scholars programsCollege of St. Benedicts/St. Johns University MinnesotaSt. Marys University San Antonio, TexasHolloway/Sebastiao driving new approaches to means-driven entrepreneurship - workshop leaders of concurrent session at this conferenceEntrepreneurship faculty continue to research and integrate changes and best practices in the field

Sustaining Entrepreneurship

Escholar Alumni Ventures

Costellos Travel Caff: Chris CostelloEnableMart

Dennis Moulton & Nick TostenrudeSeven Planet

DJ WidmerPartnerships