{"id":8497,"date":"2016-02-24T19:17:48","date_gmt":"2016-02-24T19:17:48","guid":{"rendered":"http:\/\/www.ucf.edu\/pegasus\/?p=8497&post_type=story"},"modified":"2022-03-10T19:24:37","modified_gmt":"2022-03-10T19:24:37","slug":"start-up-here","status":"publish","type":"story","link":"https:\/\/www.ucf.edu\/pegasus\/start-up-here\/","title":{"rendered":"Start Up Here"},"content":{"rendered":"

Spring 2016\u00a0| By David K. Gibson<\/em><\/p>\n

[lead]Look for a pingpong table in the center of an office suite on the first floor of UCF\u2019s Business Administration Building. That\u2019s how you\u2019ll know you\u2019ve found StarterSpace, where you\u2019ll begin your entrepreneurial expedition.[\/lead]<\/p>\n

A nearby stack of cards beckons, \u201cStart Here: Explore UCF\u2019s free startup resources!\u201d The cards map out a serpentine path to success, one that starts at UCF\u2019s Blackstone LaunchPad before winding into the Advanced Design Lab, Texas Instruments Innovation Lab, Harris Gathering Lab and similar places throughout campus. Classes and programs are available at different points along your trek, as are events such as the Joust New Venture Competition and Starter Riot, which feed into the Upstarts Student Venture Accelerator. That\u2019s a rough idea of the journey through UCF\u2019s starter culture, except, well, there is no single path.<\/p>\n

 <\/p>\n

Instead it\u2019s an ecosystem, a multidimensional environment where there\u2019s plenty of intellectual nourishment and a dire need for self-sufficiency. Like the startup world that student-founded ventures compete in, it\u2019s a place to thrive \u2014 or die.<\/p>\n

[divider][\/divider]<\/p>\n

Find a Guide<\/h2>\n

\u201c[The pingpong table is] the same height as a conference table and a lot cheaper,\u201d says associate professor of management Cameron Ford, implying there\u2019s a lesson there somewhere. In 2005, Ford founded the Center for Entrepreneurial Leadership, an initiative to help students of any major<\/a> in any program create startups in the UCF community. In a world where just going to college no longer guarantees a job, his primary goal, he says, is to let students know that entrepreneurship is a viable career path.<\/p>\n

 <\/p>\n

By some estimates, as many as 14.6 million Americans are self-employed, and numbers are growing. Some of these independent workers will be consultants, but many of them \u2014 given training, connections and capital \u2014 can be entrepreneurs. As large corporations strive for efficiency, these starters have the potential to drive growth in the American economy.<\/p>\n

 <\/p>\n

Like the student entrepreneurs he mentors, Ford has had to disrupt the marketplace in which he works. Rather than teach students in traditional classes, he and his team \u2014 faculty, staff and community advisers, plus the combined power of their networks \u2014 serve as guides.<\/p>\n

 <\/p>\n

\u201cWe aren\u2019t here to tell them if an idea is good or bad,\u201d Ford says, \u201cbut to align resources from throughout the university and the larger community.\u201d Most of the time, that means providing resources in the form of advice, mentors and connections. \u201cEvery venture has different needs,\u201d he says, \u201cand advising is expensive and idiosyncratic. But that\u2019s what it takes to turn ideas into businesses.\u201d<\/p>\n

 <\/p>\n

\u201cThe skills that benefit an entrepreneur \u2014 focus, personal mission, personal accountability, personal passion \u2014 are the skills you need to be a professional.\u201d<\/p>\n

[divider][\/divider]<\/p>\n

Learn the Skills You Need<\/h2>\n

 <\/p>\n

\u201cWhat Cameron [Ford] is doing is consistent with the main trends of business over the last 30 years and with the need for business education to catch up to the marketplace,\u201d says Paul Jarley, dean of the College of Business Administration<\/a>. \u201cWhen I got to UCF [in 2012], I asked, \u2018Who was the largest employer in the U.S. when the college was founded in 1963?\u2019 The answer [was] GM. Back then, it would have been my job to get graduates jobs in companies like that, where they\u2019d receive training, be placed in a department and spend the next 30 years working until they got the gold watch, the pension and health insurance for life. But the things that are rewarded today are differentiation and risk taking.\u201d<\/p>\n

 <\/p>\n

Dr. Phillips Entrepreneur in Residence Michael Pape, who has extensive history in startups, explains, \u201cThose of us in the ecosystem working with the students see entrepreneurship as a life skill. \u2026 What\u2019s really different at UCF is that there is not a canonized curriculum. If you teach accounting, there\u2019s a standard textbook, but when you get to entrepreneurship, there\u2019s not a set way to teach. That\u2019s what people have been trying to work through: How do you move ventures forward?\u201d<\/p>\n

 <\/p>\n

To do so, he says, requires solving problems and taking risks \u2014 even if they don\u2019t pan out.<\/p>\n

 <\/p>\n

Not all startups get started, for example. Sometimes the founders get busy with other things, stall out while raising capital or discover that their ideas aren\u2019t as workable as they first seemed. But no one at UCF thinks any of that entrepreneurship training has been wasted.<\/p>\n

 <\/p>\n

\u201cBeing entrepreneurial is a skill you can develop, and you can be that way inside a company; it doesn\u2019t have to be in your own firm,\u201d says Associate Vice President for Research and Commercialization Tom O\u2019Neal, \u201995<\/strong>, who founded the UCF Technology Incubator in 1999, and today holds multiple executive roles in innovation foundations. \u201cWhen I talk to people who are hiring, they want graduates who know \u2028a little bit more about business, more than just core competencies. They want people who understand entrepreneurial thinking,\u201d he adds.<\/p>\n

 <\/p>\n

In departments such as engineering, where large companies still hire most of the graduates, those skills are a vital part of an education, according to Timothy Kotnour, director for engineering programs within UCF\u2019s Center for Innovation and Entrepreneurship. \u201cThe skills that benefit an entrepreneur \u2014 focus, personal mission, personal accountability, personal passion \u2014 are the skills you need to be a professional. If you can\u2019t lead yourself, you can\u2019t lead a team.\u201d<\/p>\n

[divider][\/divider]<\/p>\n

Ask for Feedback<\/h2>\n

 <\/p>\n

\u201cNo one entering college is equipped to become a value creator, and precious few who graduate college are,\u201d says Pam Hoelzle, associate director of UCF\u2019s Blackstone LaunchPad, discussing a person who works with others for the benefit of a larger organization rather than for personal gain. \u201cFor the vitality of America, that has to change.\u201d<\/p>\n

 <\/p>\n

Just off the Student Union\u2019s bustling lobby, the LaunchPad \u2014 one of 22 similar programs at colleges across the country from UCLA to Cornell \u2014 is crowded most days at noon with hopeful UCF starters listening to Hoelzle and invited speakers. Students come to the LaunchPad with ideas inspired by their studies, hobbies or sometimes pulled out of the blue sky. For most, says Ford, it\u2019s their first time learning about business from the ground up.<\/p>\n

 <\/p>\n

\u201cWe are a triage center,\u201d says Hoelzle. \u201cWe assess where they are on the path and are constantly asking, \u2018What do they need to learn next?\u2019 \u201d While the LaunchPad connects students to resources, it also provides a safe place to practice entrepreneurial skills. A typical session begins with Hoelzle rather pointedly instructing students to introduce themselves to each other before the session begins, reminding them, \u201cYou never know who you\u2019ll meet networking.\u201d<\/p>\n

 <\/p>\n

In just more than two years of operation, the LaunchPad has hosted more than 5,000 students at lunchtime discussions, conducted some 3,300 one-on-one coaching sessions, and registered 1,355 startup ventures. Collectively, the most active of those ventures have raised $1.1 million in capital and hired 93 employees and 786 contractors. The top nine student ventures alone estimated annual sales of $10.1 million in 2015.<\/p>\n

 <\/p>\n

The LaunchPad isn\u2019t the only point of entry into the startup ecosystem. The College of Business Administration\u2019s weeklong Starter Riot of open houses, showcases and presentations attracts budding entrepreneurs, while the Joust New Venture Competition and similar programs lure those with more fully fleshed-out ideas. Competition winners are often shuttled into UCF incubators or given space in offices like StarterSpace.<\/p>\n

[divider][\/divider]<\/p>\n

Make Connections<\/h2>\n

 <\/p>\n

\u201cBusiness is a process of developing solutions,\u201d says Ford. \u201cIt\u2019s about evolving solutions over time as technology changes.\u201d That statement applies to education as much as any other business, and education technology has been changing.<\/p>\n

 <\/p>\n

\u201cThe biggest thing that disrupted education is the Internet,\u201d says Jarley. \u201c[Information has] become commoditized. But perspective and relationships and experiences have not been commoditized, and the future of college education is about that.\u201d<\/p>\n

 <\/p>\n

Providing perspective and relationships and experiences \u2014 the things that help students develop into individuals with (in business parlance) \u201cunique value propositions\u201d \u2014 requires individual attention. Notes Kotnour, \u201cThe whole journey is unique. What we\u2019re trying to do is foster it in a way that\u2019s unique for each person.\u201d<\/p>\n

 <\/p>\n

But the question, says Pape, is how to provide individual attention yet gear it toward the many.<\/p>\n

 <\/p>\n

The solution lies in a robust back and forth. \u201cThe best learning happens when you\u2019re sitting next to someone on a log and having a conversation with them; it\u2019s been that way since Plato,\u201d Jarley explains. \u201cAnd one shouldn\u2019t assume that the person on the log is a person with a Ph.D. behind their name \u2014 they can be community leaders, political leaders, people touching on the issues of the day.\u201d<\/p>\n

 <\/p>\n

Hoelzle emphasizes that student entrepreneurs have to be the leaders. Starters in the program serve as fellows, bringing different skills, viewpoints and experiences \u2014 usually ones more in line with student entrepreneurs than Ph.D. advisers who are veterans of biotech startups. \u201cNothing has more influence than peers and predecessors,\u201d says Ford. While big events like startup competitions motivate budding student entrepreneurs, they\u2019re really more about compelling students to watch their peers take on the realities of the new business world.<\/p>\n

 <\/p>\n

\u201cWe want to teach students to see trends, marshal resources and take on risk, especially early in their lives,\u201d Jarley says. \u201cIt\u2019s not about whether they\u2019ll start a new business tomorrow but about giving them the vision and tools to govern their own lives going forward.\u201d<\/p>\n

[divider][\/divider]<\/p>\n

Meet the Starters<\/h2>\n

[photo id=”8778″ title=”Teeps-mask-1″ alt=”Teeps-mask-1″ width=”100%”][\/photo]<\/p>\n

Teeps<\/h3>\n

Joshua Imel, \u201914<\/strong> and Terrence Donnelly<\/strong>
\nAn app-building company that has hired one new employee a month for 16 months, and recorded $1 million in revenue in 2015 \u2014 all boot-strapped, with no help from investors<\/p>\n

[blockquote source=”Joshua Imel, \u201914″ cite=”” color=”” css_class=””]When you\u2019re in that ecosystem, everyone\u2019s at different stages. You hear stories about partners that didn\u2019t work out or deals that didn\u2019t close or losing investors. There\u2019s so much knowledge floating around, I ended up applying all of that to help start Teeps.[\/blockquote]<\/p>\n

UCF starter resources used:<\/strong>
\nBlackstone LaunchPad
\nJoust New Venture Competition<\/p>\n

[divider][\/divider]<\/p>\n

[photo id=”8782″ title=”Jesse-mask-1″ alt=”Jesse-mask-1″ width=”100%”][\/photo]<\/p>\n

O\u2019Dang Hummus<\/h3>\n

Jesse Wolfe, \u201915<\/strong>
\nA line of hummus and salad dressings sold in Whole Foods and more than 400 Publix grocery stores in Florida<\/p>\n

[blockquote source=”Jesse Wolfe, \u201915″ cite=”” color=”” css_class=””]Entrepreneurship can be lonely. What UCF does is celebrate with you on those extremely good days and say, \u2018What\u2019s next? Let\u2019s go!\u2019 On the days you want to quit, they\u2019re there to keep your head up. They keep you chasing your dreams.[\/blockquote]<\/p>\n

UCF starter resources used:<\/strong>
\nBlackstone LaunchPad
\nCenter for Entrepreneurial Leadership
\nJoust New Venture Competition
\nStarter Riot
\nStarterSpace
\nUpstarts Student Venture Accelerator<\/p>\n

[divider][\/divider]<\/p>\n

[photo id=”8783″ title=”Feynman-mask-1″ alt=”Feynman-mask-1″ width=”100%”][\/photo]<\/p>\n

Feynman Nano<\/h3>\n

Jonathan Wachob<\/strong> and Brandon Carpenter<\/strong>
\nA fabrication technology that enables self-cleaning films for use in solar panels and other applications<\/p>\n

[blockquote source=”Jonathan Wachob” cite=”” color=”” css_class=””]STEM majors can make a huge difference \u2014 not for things like Uber and Airbnb, but for curing diseases or getting things into space more cheaply. We have to break down the belief that we have to wait for a business major to come around and make an idea into a business. [\/blockquote]<\/p>\n

UCF starter resources used:<\/strong>
\nBlackstone LaunchPad
\nCenter for Entrepreneurial Leadership
\nJoust New Venture Competition
\nStarter Lab
\nUpstarts Student Venture Accelerator<\/p>\n

[divider][\/divider]<\/p>\n

[photo id=”8734″ title=”shoes3-mask-1″ alt=”shoes3-mask-1″ width=”100%”][\/photo]<\/p>\n

bSteps<\/h3>\n

Caroline Castille, \u201915<\/strong>, and Odaimys Calderin, \u201913<\/strong><\/p>\n

Revolutionizing dancewear with shoes that are ready for the studio and the street<\/p>\n

[blockquote source=”Caroline Castille, \u201915″ cite=”” color=”” css_class=””]LaunchPad offered help from every department, not just business. We got support from engineering, were connected to fashion club and swing club, and received support from all of them. [\/blockquote]<\/p>\n

UCF starter resources used:<\/strong><\/p>\n

Blackstone LaunchPad
\nJoust New Venture Competition
\nStarterSpace
\nUpstarts Student Venture Accelerator<\/p>\n","protected":false},"featured_media":8773,"template":"","categories":[],"tags":[324],"class_list":["post-8497","story","type-story","status-publish","has-post-thumbnail","hentry","tag-college-of-business","issues-881","issues-spring-2016"],"yoast_head":"\nStart Up Here | Pegasus Magazine<\/title>\n<meta name=\"description\" content=\"Read Start Up Here How UCF is training the next generation of entrepreneurs. and other articles about UCF students, alumni and faculty impacting Orlando, Florida and the world.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ucf.edu\/pegasus\/start-up-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Start Up Here\" \/>\n<meta property=\"og:description\" content=\"Read Start Up Here How 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