Global Venture Lab Summit 2016 Notes

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Dear Global Community,

Thank you to all who participated in this most recent Global Venture Lab (GVL) Summit. I think this was certainly our best GVL event we have ever had.   It has been more global, more diverse, and richer in content than ever.

Meeting Highlights:

For a summary agenda and slide download, please see

http://scet.berkeley.edu/global-venture-lab-2016-summit/

 

Berkeley Innovation Index:

We introduced Berkeley Innovation Index, which is now announced and live. It’s the beginning of a global toolkit for measuring innovation. This global collaboration project brings open published research to life.

You can now try the first two tools, which will automatically send back an auto-generated algorithm-based report.


Call for Paper: Applied Innovation Review (AIR):
 Abstract submissions for the 2016 June Issue are due on Feb 15.  AIR is an on-line and in-print journal for Technology Business Innovation, New Venture Models, and Education in Entrepreneurship and Innovation.  Unlike traditional business journals, papers in AIR identifies very current research, best practices, and trends that illustrate major changes that can affect the global economy. Information in AIR is intended to be effective, modern in style, insightful, and useful for industry, policy makers, and educators interested in participating in entrepreneurship & innovation.  Submit here
https://docs.google.com/forms/d/1ZIPTKMEsYWfzRig3Ry9W2zobgCdXtVsO3BLO5w7NGi4/viewform

 

Berkeley Message: Innovation Collider is Berkeley’s new model for mixing venture concepts and creating diverse teams.


Research driven entrepreneurship: UFMG
offered case example of Medical as applied to Industry 4.0. Interesting discussion showed that an industry group discussion can actually determine research areas that are likely to lead to new venture opportunities . Cambridge also covered Industry 4.0 with a focus on 3D printing issues. Kyushu University, Japan discussed their initiatives in Magnesium based battery technology using a carbon based 1 nm spaced grid structure to prevent corrosion of anodes while increasing power density by 20% or more.


Emerging Trends:
  1. Eating meat may be a larger cause of global warming than oil.  2. Block chain and distributed ledger is an emerging technology area for new venture creation.


New Accelerator Models:
 The latest new Accelerator model is being launched in this spring in Normandy, France with philanthropic and corporate funding model.


Key Issues today in teaching entrepreneurship:
student projects have not been big enough in vision; creating interdisciplinary projects, teaching models to learn “what is not already known”, and the big issue called “Inflated Head Syndrome” reducing effectiveness in corporate and academic environments.


Socially inspired entrepreneurship and learning:
Case with Unicef and Villanova model. Ulster has a new and different socially inspired program using game driven support for special needs children.


Arizona State is developing a $2M Student Venture Fund
for every student to use towards his or her own projects. Has resulted in increased enrollment and acceptances.

  • Teaching Models:
    • FDC (Brazil) discussed its teaching model with a community of company leaders. Issues are discussed at the executive level group format, while cases from the same firms are used in teaching at the operational level.
    • Georgetown (US) expressed that most of its students do not want to start firms, so fundamental skills to help them obtain positions in growing firms are stressed within their program.
    • Melbourne: must teach from outside the academic infrastructure. Also updated group about their famous MAP program.
    • Aegean, Greece: Allowing local industry to communicate its needs. This allows students to create the venture models that could be suppliers or in-company innovations. Particularly focused on tourism industry in Greece.
    • HEC: A 1 year program that has graduated leaders in France and has been offered for 45 years. Four sequential periods of varying experiences from military training for crisis management to internships in venture funds make this program exemplary.
    • European Innovation Academy: Berkeley participates in this 3 week program that takes teams from concept to team to MVP to 1000 customers to funding all in 3 weeks.


Growth, not creation, as an objective:
Finland (JYU): Very interesting KASVU program teaches firms to grow. A competitive selection process accepts top firms to meet and spar with leaders.


Meta Programs:
MENA region with Jordan is working not simply on one university program, but a meta process to move an entire set of universities systematically towards an Entrepreneurial University System in Jordan.


Final Message of the event:
Aalto in Finland presented their amazing success by “listing to students, letting them do it, and believing in them”.

Thank you to all who attended and contributed.  We will be discussing a location for next year’s event over the next few months.

Best,
Ikhlaq Sidhu
UC Berkeley

 

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