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A new competition--part of the Startup America effort launched by the Obama Administration, and spearheaded locally by Caltech, USC, and UCLA--said today that it is looking to award $200,000 in prize money to university students with clean energy business ideas. The competition is being funded via $360,000 grant from the U.S.
Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school. Why a business plan competition, and why in engineering school?
He lived the philosophy that companies must be paranoid in order to survive, and continually disrupt their own markets to prevent overrun by competition. That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace.
Thursday, March 25, 2010 -- OCTANe and Cleantech Open: 2010 Competition Breakfast Briefing. Are you an "Ecopreneur" with an early stage clean technology company? Enter the 2010 Cleantech Open Business Competition. See [link] (more).
Three local universities, plus a Pasadena-based startup, have received a $360,000 grant to promote student entrepreneurship in clean technology. Department of Energy to help foster student entrepreneurs via a business plan competition run by the group called First Look West. OnGreen said it is the commercial partner for the effort.
leadership, mentorship, competitiveness, communications, relationship-building?—?and The core of the investing job of course is investing dollars into startup companies and helping as a mentor, advisor and board member on the companies in which you’ve invested. She had all of the skills and traits we sought?—?leadership,
There is a large menu of startup accelerators in the Los Angeles, but one of more established efforts in the area is LaunchpadLA ([link] The effort actually started as an informal mentoring program, but has grown and expanded to follow the accelerator model. For readers, LaunchpadLA is all about? We're really excited for the next steps.
Local mentors matter. I figured if we couldn’t fund every company locally we should at least embrace them as a community and show that we’re willing to mentor them whether they raise their money in town or not. No – I’m not worried about the competition. Local capital matters. Photo Credit from 500px.
Despite a growing technology industry here in Southern California, local investors and entrepreneurs tell us there''s still a shortage of local, venture capital. In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking.
When you’re in a competition and on the spot, answering questions to industry experts can be a nerve-wrecking process. This competition required the team to answer “…questions on a Food and Nutrition data set that contained 28 features and 30,000+ rows. This article is courtesy of the Galvanize blog.
Then we do our very best to make sure that they build a broad set of relationships that will be continuing sources of interpreted information, that they have a full complement of Mentors to assist them as they make tough decisions Well, here’s an important follow-on story. The entry screenings are tough.
In fact, I think the evidence is clear that many entrepreneurs started their journey while still in college, and capitalized on all the resources there, before moving on: Extend your technology focus with business basics. Take advantage of free startup programs and mentors. Write a business plan and pitch deck for learning.
He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. He wanted to know what I thought of his technology deal. Competition is fierce. I reviewed a deal for a friend of mine tonight. I outlined here my views on “ proprietary dealflow.”
The group--which was started by Richard Koffler and John Morris , two well known investors in Los Angeles--has been trying to help connect CEOs with interesting university and other technology projects. We're looking for inventors interested in commercializing and spinning out their technology into a company. Thanks for the time today.
For example, Mark McClain, cofounder and CEO of SailPoint Technologies , created an employee growth culture resulting in growth of forty percent a year, with more than $100 million in revenues. Utilize outside expertise and mentoring. Track competition to stay ahead of copycats. Track competition to stay ahead of copycats.
The only “sustainable competitive advantage” in business is self-awareness. I was struck by this assertion in a new book, “ The Messy Middle ,” by Scott Belsky, who has spent more than a decade leading in the worlds of technology, design, and startups. It’s a recipe for disaster.
According to a recent Forbes article , UC Santa Barbara''s Technology Management Program offers students a superior startup education over the University of Pennsylvania (home of Wharton), as well Harvard, Northwestern and even its acclaimed southern neighbor, the University of Southern California. Want to be an entrepreneur?
I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. How do we need to structure the systems to get ahead and stay ahead of the competition? What technology research is required? What technologies will we use? Others will not.
Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. Using the solution technology that you already have, in new ways, takes fewer resources than inventing or sourcing new technologies.
California's technology industry possible. venture funding and business deals, technology develops, and more from Santa Barbara. venture funding and business deals, technology develops, and more from Santa Barbara. Venture Partners , Rustic Canyon Partners , Binary Pulse Technology. Technology. professionals?
These often lead to angel investors and venture capital investments later, or connections to local company venture funds for selected focus and technology areas. Access to entrepreneurs-in-residence, business mentors. Most schools have a rich pipeline of real-world executive volunteers available for mentoring.
We have have been funding agriculture technologies, water conservation, wireless electricity, aquaponics and so forth in addition to our standard investment themes in software, data, video and retail innovation. They have raised $14 million to date. It seems that many others were impressed as well.
Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy. I believe their competitive advantage is their top on-site leadership, exclusivity, and connections to investors. Health, life, and other insurance at group rates.
I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition. One way to do this is to nurture mentoring relationships with experts in other disciplines, as Bill Gates did with Warren Buffet. You need to see these as opportunities for growth and a chance to get ahead of competition.
One of the things I’ve learned over my years as a business mentor and investor is that life isn’t fair when it comes to succeeding in business. These authors speak from their own wealth of experience in creating and growing technology startups, marketing, and fundraising. Use friends and mentors with extensive experience to gauge both.
Thus, in my mentoring of potential technical entrepreneurs who have a real passion for their technology, I often recommend that they find a co-founder who can manage the marketing and execution elements of the new venture. The competition will improve, the market will change, and your customers will demand more.
Based on my experience and a business advisor and mentor, this is the ideal time to get back to the basics of business leadership and innovation. Elon Musk , as an example, is impressive in his broad knowledge and interest in electric vehicles, getting humans into space, and new energy technologies.
These often lead to angel investors and venture capital investments later, or connections to local company venture funds for selected focus and technology areas. Access to entrepreneurs-in-residence, business mentors. Most schools have a rich pipeline of real-world executive volunteers available for mentoring.
Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. Using the solution technology that you already have, in new ways, takes fewer resources than inventing or sourcing new technologies.
In my role as a mentor to business professionals and entrepreneurs over the years, I have found that it’s important to take a hard look at the relationships around you on a regular basis. But, like most other skills, you can learn from these priorities: Everyone benefits from active mentoring.
Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. The new fund is focused entirely on technology companies. That was quite a prominent exit for us.
If you’re an early-stage entrepreneur, technology has served you well. BlackTech Week was created in 2014, and in four short years, they’ve gained over 2700 participants, 150 speakers, and 3 pitch competitions. While winning pitch competitions is great, it’s not the most important thing about Startup of the Year.
As a mentor to aspiring entrepreneurs, I often feel the frustration of someone trying to build a startup in the wrong place and time, and wrongly attributing their struggle to personal limitations. You need partners, mentors, and investors who can complement your own resources to make it a win-win for all involved.
As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Find out if something very similar is already selling, and who your competition would be if you proceed.
I often think of the scope of this example in my role as mentor to a struggling entrepreneur who is quick to blame his problems on employee mistakes, or even changing customer expectations. In today’s world, every organization needs to be in a constant state of change to stay competitive. Don’t wait for a crisis to test accountability.
Today’s pace of change in the market and in technology is unprecedented. Priority is placed on employee mentoring and coaching. Mentoring and coaching tend to improve commitment, motivation, decision making, and creative talents, which are required for a competitive business and career.
We all face pressure in our lives, but there’s nothing like that of an entrepreneur facing customer crises and the competitive challenges of a new business. Thus, here is my own reframing of the authors generalized rules into some specifics for an entrepreneur or business leader: Reframe competitive threats to opportunities.
The second annual USC Silicon Beach event, hosted by the four professional schools at USC, featured a pitch competition and a conference filled with informational panels and interviews. Startup Pitch Competition. I tried to treat it as a learning experience and refined my pitch for this competition.”.
Based on my recent experience as an angel investor, and advisor to new business owners, I now recommend that all entrepreneurs, especially introverts, learn and practice the discipline they need to build and nurture relationships with key constituents through the following activities: Formalize a mentoring relationship with someone you trust.
Offense, for entrepreneurs, means leading with a new business model, new marketing, and new technology. This knowledge is required for you to turn quickly or pivot based on new input from the market, without loss of competitive position. Leverage the resources of mentors, investors, and peers. Set your targets high.
In my role as a business mentor and advisor, I now always look for a culture and recommend team roles that nurture collaboration rather than contention, communities rather than silos , and transparent communication at all levels. Discourage internal team competition and silos. Look for opportunities to highlight individual strengths.
In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. Master-mind alliance. Applied faith.
Yet, as a business consultant, I still find many of you business leaders relying primarily on your technology, word-of-mouth , or location to attract necessary customers. For example , Bill Gates shared a mentoring relationship with Warren Buffett that increased the credibility of both, although their business domains were quite different.
Amplify Mentor Panel in full swing. Amplify’s close mentoring is by design. Like good mentors Paul, Jeff, Richard, Oded and David as well as Chris and Kris create an atmosphere in which the motivated founders can take advantage of the knowledge base to which they are exposed. Jeff Solomon holding court in the kitchen.
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