Advance note: This article has been written with the purpose of collecting feedback. Like many institutions today, the administration is grappling with the evolution and policy of entrepreneurship as a promoted activity. On behalf of many interested stakeholders, we welcome … Read More
Sutardja Center for Entrepreneurship & Technology’s faculty director and founder, Dr. Ikhlaq Sihdu, recently hosted a workshop at Hamid bin Khalifa University (HBKU) in Qatar to explore how university scientists and researchers can spur innovation through industry collaboration. Ikhlaq delivered … Read More
What is life like as an entrepreneur? What does failure mean to you? How do you find the right cofounders? These were a few of the many questions answered on Tuesday, February 28th at Banatao Auditorium by the Co-Founder of … Read More
Last night, the Engineering Leadership Professional Program had the pleasure of being joined by Eric Almgren and Steve Venuti of Keyssa’s leadership team, who provided first-hand insights on the new Keyssa case (Keyssa: Unraveling the Laws of Physics). The … Read More
Every firm is under pressure to adapt and reinvent, and innovative firms know how to do this. Amazon started by selling retail products over the Internet, but later transformed to offer IT Cloud services as Amazon Web Services. Apple is … Read More
As we discussed in earlier posts, firms like Amazon, Apple, Google, and many others are shining examples of companies that have successfully transformed and adapted over the past decade. In fact, most firms today realize they need to adapt … Read More
The Sutardja Center for Entrepreneurship and Technology recently released the first version of a Berkeley Innovation Index (BII) Concept Paper. Developed by a eclectic team of psychologists, engineers and entrepreneurs, this index aims at bringing new insights and possibilities for innovation measurement. Read the full BII concept paper here.
Innovation is widely recognized as an important variable to create competitive advantage and drive economic growth. Innovation is also a relatively vague concept, but the absence of it results in stagnation and loss of competitive behaviors. Innovation capability is the ability to be innovative, and is a characteristic of individuals as well as organizations. The issue with learning and executing “innovation” is that it is often removed from actual situations, too theoretical, not time-ordered, and not holistic.
In this concept paper, it contends that if innovation cannot be measured, then it is inherently difficult for any person or organization to improve their ability to be innovative. Most past measures have not been insightful or holistic. For example, the numbers of patents or the amount of money spent on R&D have not shown any causality with organizations’ ability to be innovative.
BII is a concept and an open project to offer simple yet powerful ways to measure innovation capability in a holistic sense. These measures, models and tools are based on previously published research findings. The approach is also intended to cover layers of innovation that range from the following fields: 1) Strategy and Leadership, 2) Innovation Culture from an Organization’s Viewpoint, 3) Organizational Operations and Measures across functions, 4) Mindset: The Innovation DNA of the People, and 5) Tactical measures.
When measured and considered across all levels, we believe that the innovation measurement process can be made more accurate and diagnosable.
To measure your own innovation measurement through BII, click here.
Posted by Ikhlaq Sidhu, October 2014
State of the E-Art
You may have seen our previously released slide set, “How to Build a Modern Entrepreneurship Center” (here’s a link – E-Center 2.0 Public-9-2014-Compressed). It’s a pretty good summary of what we have learned so far, based on our past 10 years at UC Berkeley’s Center for Entrepreneurship & Technology (CET).
Here’s the summary in keywords: Stakeholders; Measures; Curriculum Journey; Psychology; Mindset; Role Models; Balanced Message; Ecosystem; Boards; Boot-camps; Challenge-based; Theory; Inductive; Lean; Pivot; Acceleration; Research-Driven Entrepreneurship; and Industry Interfaces. Take a breath, and now let’s move on.
I think all this really begs the question, “What’s Next?” for start-up programs. And as far as we have come, in my opinion, there are still a couple of major aspects that need our attention.
- Too obsessed with the very earliest stage. Every class and project continues to focus on getting a group of students together to form an idea, test it with validation, and make a plan for launching it into a market. This is fine as a learning exercise, but it’s highly limiting in terms of opportunities for students and new ventures. It’s a long way from concept to company, and I submit that success rates will always be low if that remains the only path for students to enter the new venture economy.
- Too much on-campus focus. How many ventures start from within a university compared to the numbers that start off-campus? It’s just as important for entrepreneurially minded students to affect and become part of the opportunities emerging off-campus as it is to have access to the opportunities on-campus. Even for teaching, can we really ignore the value creation that occurs outside campus grounds? This overly obsessive inward focus is an artificially imposed limitation of many entrepreneurship programs today.
It’s Time to Break Through
I’m not saying today’s models are bad. But let’s brainstorm to add some new ideas to what we already do today.* Here are five examples:
|Acceleration 2.0||On campus Business Plan competition||Competitions for the area’s best projects with opportunities for students to become part of the winning teams (or vice versa)|
|Catching the Right Wave||Students have all the initial ideas||Investors and their Entrepreneurs-In-Residence explain their Investment thesis and concepts on campus to reach the right specialists|
|Translated Research||Research student try to find an application for their own research||Researchers interact with industry execs, and entrepreneurs to employ their skills in valuable directions they could not have known about on their own|
|Challenges are Better than Resumes||Executives send recruiters on campus to look at resumes||Executive offer challenges that can benefit their firms, and the best students or researchers form teams to illustrate that their skills and creativity and possibly affect the solutions|
|Venture Collision||Student start-ups compete with high profile start-ups||High profile start-ups pitch on campus to explain why they are going to win in the market – and how the right students (individually or as nascent teams) could be part of the opportunity, via hiring, morphing, complementing, spin-ins, etc.|
Finding the Break Points
To me, a key is understanding where, during a firm’s development, student skills and research capabilities are best utilized. When I think about company lifecycle, some intersecting points are better than others. Here are some common stages:
- Ideation (your background skills mixed with changes in the environment) – Good timing to mix campus ideas with off campus people.
- Post Series A Funding (laser focus on meeting growth targets)- Bad timing. Only hiring is possible. These firms cannot afford to deviate from their plan at this stage.
- Crossing 500-1,000 people – Good timing. It’s the beginning of a period of new experiments and opportunities and usually the firm is looking to diversify product or service.
- Large Enterprise, post 5000 people. Good timing, you just have to find the right part of the company which is ready to partner, be a customer, spin in a project, or try some moonshot experiment. Here there is always some part of the firm that is in a phase ready for new experiments.
Let me reiterate. My view is that there is nothing wrong with the learning process developed so far, including ideation, validation, adaptation, lean methods, mindset, ecosystem, etc. It’s all great and we now have a vocabulary and a way to teach things that were all very mysterious before.
However, it is far from the reality that firms and innovations all start with a blank sheet of paper or design on a cocktail napkin. So why should we only teach that method to students? In this next phase of entrepreneurship education, we need to look more carefully at the opportunities that can be created with later stage evolutions of technology and business as well as looking at the start from scratch approaches.
Last week, we completed the 4- day Fall 2014 Berkeley Method of Entrepreneurship Bootcamp for over 100 participants including Berkeley students, SkyDeck Acceleration teams, Baker Fellow researchers, and international students and faculty from leading global institutions. This is the first year the program is now formally part of the formal Berkeley curriculum as an engineering course (IEOR 192).
As a follow up from the bootcamp, we have posted two new slide presentations on the Berkeley CET site at http://cet.berkeley.edu/curriculum/
* For students, entrepreneurs, and innovators: follow this link to the “Concepts of Technology Entrepreneurship“, posted at http://cet.berkeley.edu/wp-content/uploads/BME-Concepts-F20141.pdf
* For faculty at all collaborating institutions:, we have posted “How to Design a Modern Entrepreneurship and Innovation Center“, (What we have learned over the past 10 years), posted at http://cet.berkeley.edu/wp-content/uploads/E-Center-2.0-Public-9-2014-Compressed.pdf
News: UC Berkeley is growing the Engineering Leadership Program (ELPP). For the first time after 4 years we have opened a fall section. The program is now full, however we are maintaining a waiting list. We welcome this year’s new firms: Box, Juniper, Cloudera, GE, Ericsson, Altera, Kaiser Permanente, VW, Mentor Graphics, Synopsys, and Pivitol. Participants from new firms will join the program with engineering leaders from Google, Yahoo!, Samsung, VMware, Lam Research, SanDisk, NetApp, Qualcomm, Cisco and Applied Materials.