Rice University - Cdn.ymaws
Rice UniversityJesse H. Jones Graduate Schoolof BusinessBrad Burke, Managing DirectorRice Alliance for Technology and Entrepreneurship2011 USASBE ConferenceFinalist: National Model MBA Entrepreneurship ProgramJanuary 13-16, 2011
Presentation Outline1.2.3.4.5.6.7.8.9.OverviewCourses and CurriculumFacultyOther Curricular ProgramsExtracurricular/Experiential ProgramsStudent Ventures & MentoringSustainabilityOutcomesSummary
Overview
Rice UniversityOverview Small size – 3,000 undergraduates, 3,000 graduates, 600 faculty Private university in Houston, TX (4th largest city) Ranked #17 overall by U.S. News & World Report Top 10 Engineering School / Top Bioengineering / Nanotechnology 18% of undergrad students are National Merit Finalist scholars Adjacent to the Texas Medical Center
A Culture ofEntrepreneurship at RiceWilliam Marsh RiceShipping, Cotton,Insurance, RailroadsJesse H.H JonesLumber, Newspaper,Banking, Real Estate
Rice MBA Program young, butgrowing in reputation Founded in 1974 by Jesse H. Jones Gift 2010 - BusinessWeek magazine ranked Rice MBAProgram in Top 30 (#29) & Top 10 for intellectualcapital and faculty research Other selected rankings:4th - Best in Finance – Full Time MBA, FT, 20105th - Career Services – Full Time MBA, Economist, 20098th - Overall – Professional MBA, BusinessWeek, 20098th - Salary increase - Executive MBA, FT, 20099th - Best in Accountancy - Full Time MBA, FT, 201010th - Salary 3 years out - Executive MBA, FT, 200911th - ROI - Executive MBA, Wall Street Journal, 200811th – Overall - Executive MBA Program - FT, 2009FT Financial Times U.S. rankings
The Rice Alliance for Technologyand EntrepreneurshipFounded in 2000 as University’s cross-campusflagship entrepreneurship initiativeA University center with strategic allianceamong three schools:Engineering, Natural Sciences and Business
Rice MBA EntrepreneurshipProgram Rankings: 2007 to 2010201020092008#62007#5# 16# 22Princeton Review and Entrepreneur Magazinerankings: Graduate MBA Program, 2007 -2010
Other Entrepreneurship ProgramRecognition2009 Outstanding Center for Entrepreneurial Leadership - GCEC2009 Outstanding Specialty Entrepreneurship Program - GCEC2009 Outstanding Specialty Entrepreneurship Program –USASBE2008 Houston’s Greatest Economic Development Ally2007 Enterprise Creation Award – GCEC (formerly NCEC)2005 - Ernst & Young Entrepreneur of the YearTM Award forthe Supporter of Entrepreneurship2004 - Price Institute Innovation Entrepreneurship EducatorsAward by the Stanford Technology Ventures Program atStanford UniversityErnst & YoungEntrepreneur Of The Year T
Courses andCurriculum
Rice’s MBA Program was one of the first torequire students to take entrepreneurshipBasic Entrepreneurship Course StructureManagingGrowthTechnologyInnovation &Entrep’shipTechnologyFeasibility /CommercializationAssessmentThe NewEnterprise:Basics change(Exits)VentureCapitalThe courses follow a company life cycle.
The New Enterprise Course(Basics of Entrepreneurship) Students learn from “live” cases presented byentrepreneurial Rice MBA alumni Students evaluate entrepreneurs based on 11-pointanalysis: entrepreneurial skills, business opportunity,operations, finance, etc. Make recommendations to entrepreneur & overall classH. Albert Napier, Ph.D. assessmentnt2008 National ActonAward for Excellence inEntrepreneurshipEducation&2010 Teaching Award –Executive MBA StudentsLuis Miguel ‘05Fast FoodEmily Armenta ‘03Designer JewelryRichard Degner ‘04Oilfield Services
The New Enterprise Course:“Life of Meaning” Project The Life of Meaning* Project teaches students that a life inbusiness can be truly gratifying – but only when success ispart of something bigger Life of Meaning prepares students to:H. Albert Napier, Ph.D.2008 National ActonAward for Excellence inEntrepreneurshipEducation&2010 Teaching Award –Executive MBA Students Set practical goals that align with their deepest values and aspirations.Effectively engage others in their career discernment process.Face adversity and find opportunity in it.Enact their principles with grace and courage.Recognize denial when they slip into it.Connect with and learn from those with whom they disagree.Unpack “baggage” about money.Run reality checks on their plans and dreams.Respond generously and creatively to the needs of others.Make ethical decisions consistent with their standards of integrity.Do what they believe is right, even in the face of opposition. Students interview 6 individuals, all within different age groups (age 20-30, 3040, 50-60, etc.) and address: Balancing work, family and community Staying true to beliefs when faced with ethical questions Overcoming distractions and discouragement* Based on the Acton Foundation Life of Meaning Course
Specialized Fields ofEntrepreneurship StudyTechnologyEntrepreneurship & VentureCapitalLife ScienceEntrepreneurshipSocialEntrepreneurshipReal neurshipEducationEntrepreneurship
Energy EntrepreneurshipThe course examines:Bob SchwartzAdjunct Faculty&Vice President / Senior AdvisorEnergy Ventures(Venture Capital Firm) The process by which entrepreneurial ideas are formed in theenergy industry How ideas obtain the technical, financial and managerial supportto become viable businesses. Why do some ideas catch on and change the way an industryoperates while others never gain traction?Course based on cases & socratic method of teaching Current examples of companies going through the process Cases which highlight key elements of the process Students meet entrepreneurs who are living the journey andshare their experiences
Rice Education EntrepreneurshipProgram (REEP) Launched in 2008, collaborates with Teach for America & others Goal: dramatically change and improve the academic performance ofstudents throughout the community, particularly in underserved schools Offers a new and uniquely rigorous academic program aimed at improvingeducation management and teaching–and-learning performance inHouston’s schools Offer MBA and Certificate programs
Life Science Entrepreneurship: The Roleof Physicians, Scientists, andEngineering in High-Tech Start-ups MBA course held at the new BioscienceResource Collaborative (BRC) facility Course open to all graduate students at Riceand in the Texas Medical Center MBAs PhDs MDs Became the largest enrollment course of anyclass in the Jones School Topics Pharmaceutical Industry Biotech Industry Medical devices Venture capital Start-up financings, cap tables, & valuations Entrepreneurial Landmines Intelligence, Leadership, & Entrepreneurship
Social Entrepreneurship - Rwanda MBA / Bioengineering teams create business plans for low-costmedical devices for developing countries During the fall break, student teams travel to Rwanda to seefield and market conditions first-handLab in a Backpack Nursery of the FutureAccuDosePhotoTherapyCancer Screening
Technology EntrepreneurshipFinding the Starting Line (New Course):An interactive course that starts real companies bycommercializing Rice technologiesDr. Tom KraftAdjunct Faculty&Director, New VenturesDevelopment Students will learn how to commercialize technology by actuallydoing it. Teams will form companies, license technology, andcreate investor presentations to raise funding. A group of technologies that are ready for commercializationhave been selected from the labs of Rice University. Eight teams of 3-5 MBA students will each work with a PhDstudent to form an actual company around these technologies.
Faculty
Award Winning EntrepreneurshipTenure-Track FacultyH. Albert Napier, Ph.D.Edward E. Williams, Ph.D.Professor of Management; DirectorCenter on the Management of I.T.Henry Gardiner Symonds Professor ofManagementActon Foundation Award for Excellence inEntrepreneurship EducationNamed one of the nation's bestentrepreneurship teachers by BusinessWeek;Robert Hoskisson, Ph.D.G. Anthony Gorry, Ph.D.George R. Brown Professor ofStrategic ManagementFreidkin Professor of Management &Professor of Computer Science;Global Top 25 Researcher –Times Higher EducationDirector, Center for Technology inTeaching and LearningMarc Epstein, Ph.D.Haiyang Li, Ph.D.Distinguished ResearchProfessor of ManagementAssociate Professor of StrategicManagementYan Anthea Zhang, Ph.D.Jing Zhou, Ph.D.Jones School Distinguished AssociateProfessor of Strategic ManagementHouston Endowment Professor ofManagement; Director of AsianManagement Research and Education
Award Winning Entrepreneurship FacultyBlair GarrouJack M. Gill, Ph.D.Jerry FingerDFJ Mercury –Venture CapitalVanguard Ventures –Venture CapitalFinger Interests, Ltd.Family Investment OfficeLeo LinbeckDennis MurphreeTom KraftAquinas CompaniesMurphree VenturePartnersVenture Capital & PrivateEquityRice Alliance for Technology aEntrepreneurshipTechnology VenturesDevelopmentNed HillRobert H. HatcherDFJ Mercury –Venture CapitalCockrell InterestsFamily Investment OfficeAtul Varadhachary,Ph.D., M.D.Agennix – BiotechStart-up CompanyRobert D. Ulrich, Ph.D.Cliff AthertonBob SchwartzVanguard Ventures –Venture CapitalGulfStar GroupInvestment BankingEnergy Ventures –Venture Capital
Other CurricularPrograms
Action Learning Projects (ALPs) All first-year MBA students participate in Action LearningProjects during spring of the their first-year Students work in teams on corporate and start-up companyprojectsDr. Kim KehoeSenor Lecturer Students develop market assessments, customer segmentationstrategies, market evaluations, business plans, etc. Guided by adjunct faculty mentors & advisors
Internships (for credit courses)Students have the ability to work 8-10 hours per week (for credit)and get hands-on experience at venture capital firms, incubators,angel networks, etc.MGMT 753 – Houston Angel NetworkMGMT 760 – Houston Technology Center - IncubatorMGMT 763 – NASA Johnson Spacecraft CenterMGMT 766 – Vesalius Ventures - Venture CapitalMGMT 752 - Office of Technology TransferMGMT 762 - DFJ Mercury – Venture CapitalMGMT 769 - Waste Management VenturesMGMT 772 – Rice Alliance for Technology & Entrepreneurship
Extracurricular/ExperientialPrograms Rice Alliance - Technology Venture ForumsEntrepreneurial SpeakersRice Business Plan CompetitionTechnology Entrepreneurship WorkshopNext Cool Idea WorkshopSilicon Valley Trip (Immersion Weekend)Career RodeoRice Alliance Venture Fellows ProgramNCIIA Venture LabInternational Entrepreneurship Program (Grunderskolen)
Technology Venture ForumsEnergy & Clean TechnologySeptemberI.T. & Web 2.0DecemberNanotechnology & SustainabilityFebruaryLife Science & BiotechJune
Showcasing Promising Energy & Clean Tech CompaniesEvent Underwriters:Event Sponsors:
Energy Keynote SpeakersJohn DennistonIra EhrenpreisDesmond KingChevron Tech Ventures
Venture Capital Feedback nickDavidWells
60 Start-up Company PresentersBusiness Plan PresentersAquminInfochimpsKozioMezeo SoftwareRF MicronCompany Update PresenterEnvoyMedi-CodeOnitWaldo HealthWerkadooElevator Pitch Presenters4U SystemsACS Engineering GroupAdvarian: GoCampaign ProjectAPO OffshoreB&R Software SolutionsBlastoff NetworkBrand-Yourself.comCBM Enterprise SolutionsChaiONECityPureClick TrueClub GaiaCofolio CultureMapDatafacee-Campaign AssociatesEonsilEvaluateMyAdvisor.comeZdiaGenre alsHouseLynxIFSCCOihijiInternected UtilitiesInXeroIO-hubJob SoftwareKoached KolarityLinearCubeLocusMentMeModoPaymentsMuuzii Technologies LimitedMy Six PercentMyPlaceHealthOne PulseParty P.I.PI Integrated Systems / FlexPLANTRockwell IT ServicesSfile Technology isga.com X-ISSYourPlace.com
20 Active Venture Capital Firms & Angel Networks
Technology Venture Forumsachieve multiple objectives Educate students & entrepreneurs on the start-up process(see pitches & hear feedback) Networking Opportunity for students to present their plans Provide mentorship and advice to entrepreneurs Bring VC’s and other investors to campus Connect researchers with the business community Build upon the local entrepreneurial community Outreach to current students and alumni Connect with investor types Create a robust entrepreneurial eco-system in the region
Entrepreneurial Speakers: Rice Alliancehas featured more than 1,000 speakersMichael OxleyRod CanionBill KurtisVice ChairmanNASDAQ Stock ExchangeFounderFounderTallGrass BeefRay JohnsonCompaq ComputersNancy FloydJaime CasapFounderNth PowerBusiness Development MgrGoogleJohn DennistonJeff HenleyStephen BrandPartnerKleiner, Perkins, Caufield & ByersChairmanORACLESVP, TechnologyConocoPhillipsSVP and CTOLockheed MartinGeorge ForemanEntrepreneur, BoxerGarrett BooneVinod KhoslaFounderContainer StoreKhosla Ventures
2011 Rice Business PlanCompetitionApril 14-16, 2011World’s Richest and LargestBusiness Plan Competition! 1 Million in prizes
Competition Prizes, k 1,115k 235k1000 810k800600 880kCash Prizes 675k 160k 200k 650k 345k400 204k 34k200 475k 265k 145k 90k 10k 30k 30k 42k 170k 175k2001200220042005 200k0200320062007200820092010“For student entrepreneurs, this is the World Series and Super Bowl” combined!- Fortune/CNN Money, April 2010In-Kind PrizesThe 2010 Rice Business Plan Competition (RBPC) wasagain the largest & richest university competition inthe world
95 teams have successfully launched theircompanies after competing at Rice(and are still in business today)# Successful Company Start-upsCumulative, by Year of Competition951008065Total Funds Raised ToDate(Cumulative)602008:434025312009: 145 million14202502002 90 million2003200420052006200720082009“The competition was a fantastic networkingand learning event. We met several dozenindividuals. They gave us invaluable feedbackand contacts to help us succeed.”- 2010 RBPC Competitor2010: 223 million
A sampling of Past Competitors: 2001 - 2009WiPowerMidway Pharmaceuticals, Inc.HydroCoalTechnologies, LLC
420 Teams applied for the 42 competition slots in2010 : a 23% increase over 2009Teams Competing# of Schools2010 U.S. Schools:424240343536362830“I've done the circuit in termsof competitions. Rice is byFAR the best.- 2010 0820092010Harvard / MITStanfordMIT (2)Carnegie MellonChicago (2)NorthwesternBabson / MITBerkeleyJohns HopkinsWhartonArkansas (2)DartmouthPurdueIndiana / PurdueUCLA2010 International Schools:Thammasat (Thailand)IIT, Kharagpur(India)Lancaster (UK)London School of Economics (UK) Sun Yat-sen (China)New Brunswick (Canada)Waterloo (Canada)Michigan (2)Colorado StateIllinoisMiamiMissouriPepperdineRice (2)Santa ClaraTexas (2)TulaneKennesaw StateBaruchBaylorOklahoma /Oklahoma City
The Judging Panel is a “Who’s Who” inthe Entrepreneurship Community2010 Judging Panelby Current PrivateEquity# Judges50Venture Capital30Angel Investor20Private Equity40Entrepreneurs20Legal20Financial lInvestors“It gives me great pleasure to watch the puzzled and amused faces of money people in the(Silicon) Valley how it is Rice (and Houston, and Texas) that pulls this off and not Stanford andthis part of the world! I will fly in from other side of the world if I have to, would not miss it.”- 2010 Judge from Palo Alto
Role of Rice Business PlanCompetition for Rice Students Over 100 MBA studentsvolunteer to work at the RiceBusiness Plan Competition Networking, networking,networking !! 220 judges Education: Opportunity tolearn by seeing some of thebest graduate student businessplan teams & watchingfeedback sessions Foster culture ofentrepreneurship Foster aspirations to launchsuccessful start-upRebellion Photonics, Rice University Team, 2nd place – 2010
Technology EntrepreneurshipWorkshop (2-day bootcamp)Held annually, this 2-dayentrepreneurship ‘bootcamp’has ‘sold out’for 9 consecutive years.Covers everything fromprotecting IP to raisingventure funding.Next Workshop:July 2011
Silicon Valley Trek(Spring Break)3-Day Intensive Immersion Experience Day 1: Field Trips to Google,Facebook, Apple, etc. Day 2 & Day 3: Classroom Classroom Sessions – live “case studies” ledby Silicon Valley entrepreneurs Expose students to diverse perspectives:- Early-career entrepreneurs- Mid- and late-stage career entrepreneurs- Venture capitalists
Technology Career Rodeo:Summer Internships w/ Start-ups Annual event to match MBA students with start-upcompanies and investors for Summer Internships Approximately 20-25 internships Held in conjunction with the Jones Graduate School ofBusiness Career Management Center (CMC) Single largest source of summer internships
Rice Alliance Venture Fellow Program Four MBAs were selected in 2010 to participate in the VentureFellows program Rice Alliance Venture Fellows evaluated over 400 Ricetechnologies in the summer of 2010Dr. Tom KraftAdjunct Faculty&Director, New VenturesDevelopment Technologies were prioritized based on commercial potentialand potential success for start-ups Approximately 15 high-priority opportunities were identified MBA / PhD teams formed to create business plans and launchstart-ups Led by Dr. Tom Kraft, Rice Alliance Director of New TechnologyVentures Development
NCIIA VentureLabRice Piloted NCIIA’s new VentureLab in May, 201012 start-up teams refined their business strategy and business plan.NCIIA's latest venture accelerator, VentureLab is a highlyexperiential and immersive program developed and designed toenhance the success of student business ideas: evolve the businessstrategy, sales channels and marketing and better understand thefinancial mechanics of the start-up venture.Teams develop a plan and gain a toolset to help grow their business.
Rice 12-week MBA Program for Norway &Rice Entrepreneurship StudentsIncludes classroom start-up company internship
Student Start-ups andVenture Mentoring
Company Formation PhasesIdentify Idea /InnovationsOffice of TechnologyTransferMarketAssessment /Business PlanCreationRice AllianceVenture FellowsProgramBusiness Plan Courses:1. CreativeEntrepreneurship(Murphree)2. Business PlanDevelopment(Hoogendam)Student-generatedIdeas3. Finding the StartingLine (Kraft)MentoringSupport andServiceProvidersJGS Entrepreneur Rice Alliance ServiceOrganizationProvider NetworkMBAEntrepreneurshipClubRice Alliance forTechnology andEntrepreneurshipRegionalOrganizationsLaw FirmsAccounting FirmsFundingHouston AngelNetworkTexas EmergingTechnology FundHR / OutsourcingThe GOOSE Societyof TexasIT / CFO / LegalOutsourcingEarly Stage VentureCapital FirmsMarketing / BrandingGrantsRice Alliance Mentor Banking / InsuranceNetworkReal Estate
Mentoring for Student Start-upsMentor TypeDescriptionJGS Entrepreneur OrganizationMentoring provided by Rice alumsMBA Entrepreneurship ClubPeer-to-peer mentoringRice Alliance for Technology andEntrepreneurshipDedicated full-time resource: Director, TechnologyVentures DevelopmentRegional OrganizationsHouston Technology CenterBioHoustonThe Indus EntrepreneursGreater Houston PartnershipService Provider NetworkLaw firms, accounting firms, consulting firms, andothers in the Houston regionRice Alliance sponsor networkRice Alliance Mentor NetworkRice Alliance network of over 200 judges, 400individual & corporate members, and othermembers of the entrepreneurship community
Sustainability
Thank you UnderwritersDiamondNASAJohnson Space CenterPlatinum
Thank you UnderwritersGOLDSILVERLLPBRONZE
Thank you, 120 RBPC Sponsors!!NASA JohnsonSpace CenterSteve Sheafor &Cindy LindsayCareerManagementCenter
Thank you, RBPC Team/Table Sponsors!Career Management CenterJones Graduate SchoolEntrepreneur OrganizationJGSEOInternational Reception SponsorsBritish Consulate – GeneralHoustonJohn and Laura ArnoldTom and Mary Bates
Outcomes
Rice Alliance has assisted in thelaunch of more than 250 companiesCompanies AssistedTotal Funding Raised# - Cumulative M - Cumulative207250 505M172 350M 302M1501281067650 213M 118M 67M 45M 23M These companies have raised more than 505 million in funding More than 750 start-ups have been showcased over the last 9 years
There have been 40 Rice affiliated start-upcompanies over the past 9 years(top ten in start-ups/research 8.19.20.21.22.23.24.Advanced Biosciences*- (Matsuda)25.Advanced Reality* - (Ruths- grad student)26.Applied NanoFluorescence- (Weisman)27.Aristan Medical - (Athanasiou)28.BetaBatt - (Engel)**29.BI02 Medical**30.BioCure*31.BioSonic – (Liebschner)32.Cambrios (affiliated company)- (Smalley)33.CNI (now Unidym)- (Smalley, Hauge, et al.)34.Desmogen*- (Mikos)35.Ensysce Biosciences- (Weisman, Wilson)36.Glycos Biotechnology- (Gonzalez)37.Houston Medical Robotics- (O’Malley)38.itRobotics- (Ghorbel)**39.LabNowLaserGen (BCM-Metzger; Rice-Curl)40.Mango Communication*41.Mass Specific Force- (Weyand)Molecular Electronics Corp* - (Tour)MTPE (Museums Teaching Planet Earth) (Reiff)Nano 3D Biosciences (Killian and Rafael)NanoComposites (Tour)**Nanopartz (Zubarev)* InactiveNanoRidge (Barrera et al.)Nanospectra Biosciences (West andHalas)**NatCore (Barron)NewCyte (Barron)OrthoAccel**Oxane Materials (Barron)ProMedior (Gomer)Semmt**Smart Imaging Technology**Solterra (Wong)Somatogen* -(Olson)Stellarray**Trellis* (affiliated company)- (Gomer)Vanguard Solar – (Barron)Xilas Medical (affiliated company)(Athanasiou)InView Tech – Bob Bridge (Baraniuk)Rebellion Photonics** 9 have received funding from Texas Emerging Technology Fund
Rice University Alumni Impact Study Surveyed 42,350 alumni - July 2008 27.5% of respondents had founded one or morecompanies 41% of these had founded 2 or more Annual revenues of 42 billion Created 150,000 jobs 22% of Jones School alumni have founded companies Annual revenues of 1.5 billion
Rice Alliance Eco-System# Attendees at Rice Alliance Events#, 1200220032004200520062007200820092010
Rice Alliance Eco-SystemRice Alliance Digest Newsletter# ,8340Jan '02Jul '03Jun '04 Jun '05 Jun '06 Mar '07 Jun '08 Dec '08 Mar '09 Sep '09 Jun '10 Dec '10
Rice Alliance Eco-SystemAttendees at Rice Alliance Venture Capital ForumsAverage # per Event484500427 005200620072008200920102011
Rice MBA Program Summary Breath and depth of course offerings: 28 coursesTeaching awardsExperiential opportunities (curriculum & non-curriculum)22% of Rice MBA alums have started companies250 start-ups assisted: mentoring, funding, eco-system, etc.Rice Business Plan Competition - 1 millionEncourage broader societal impact¾ Rice Education Entrepreneurship Program (REEP)¾ Social Entrepreneurship (Rwanda)¾ Life of Meaning Technology commercialization Life case studies:¾ Classroom – Rice MBA alums return¾ Technology Venture Forums – import VCs and entrepreneurs¾ Silicon Valley Trek
SummaryInnovativeness and Uniqueness Structure: Strategic Alliance of the Schools of Engineering, Science, & Business,along with the Vice Provost of Research and Technology Transfer Unique course offerings (e.g., REEP: education entrepreneurship) Life of Meaning Technology Venture Forums – bringing venture capitalists and start-up companies tothe MBA students Silicon Valley Trek: taking the students to the VCs and start-ups Business Plan Competition: 225 judges, 1 Million in prizes, 100 student volunteers Integration with engineering, science and technology transfer to facilitate technologycommercialization and multi-disciplinary start-ups Next Cool Idea Weekend Formalized Mentoring Process from Jones Alumni: Jones Graduate SchoolEntrepreneur Organization (JGS EO) Rwanda Trip refining the business plan in the field Collaborations with Texas Medical Center and other local organizations Funding model (annual underwriters, memberships, & sponsorships)
SummaryQuality and Effectiveness 22% of all Jones alumni have founded companies Key faculty have won national recognition for teaching (Napier & Williams) Assisted in the launch of over 250 companies during the past 10 years, raising morethan 250 million Rice Business Plan Competition (RBPC) – largest & richest intercollegiate competition Over 95 past RBPC competitors have successfully launched their companies, raisingmore than 233 million Over 1,000 speakers have participated at Rice Alliance programs Over 29,000 students & other individuals have attended Rice Alliance programs Large eco-system of mentors, investors, service providers created Established partnerships with other regional entrepreneurial organizations (e.g.,Houston Technology Center, BioHouston, Greater Houston Partnership, etc.) Previous recognition from USASBE, GCEC, Stanford Technology Ventures Program(STVP), Ernst & Young, and others Recognition from Princeton Review and Entrepreneur Magazine (#6 in the U.S.)
SummaryCompleteness and Comprehensiveness Offer approximately 28 entrepreneurship courses, including 6 foundational courses Offer in-depth courses in 7 specific areas within entrepreneurship (e.g., life scienceentrepreneurship, family business, etc.) Offer additional “for credit” internships and Action Learning Project Opportunities for summer internships in start-ups and/or venture capital Extensive opportunities for experiential education, including competing in RiceBusiness Plan Competition and/or other competitions Created relationships with numerous angel and venture capital organizations Students have a variety of ways to network and obtain mentoring Extensive entrepreneurship eco-system and network has been created Technology Venture Forums provide an opportunity to learn from and network withentrepreneurs and venture capitalists, and see promising start-ups
SummarySustainability The Rice entrepreneurship program is supported financially by over 500 individual sand corporations The level of support for the Rice programs has grown every year, despite theeconomic downturn in 2008 Currently the programs are supported by more than 45 annual underwriters whocontribute between 5,000 per year and 150,000 per year More than 100 corporations and individuals sponsor the Rice Business PlanCompetition and other events during the year In addition, the Rice Alliance has more than 400 individual and corporate members This diversity in support provides a strong platform to ensure program sustainability. We are also in the process of securing major endowment. Moreover, the structure of the Rice Alliance as a strategic alliance of the Schools ofEngineering, Natural Sciences, and Business, along with the office of research,ensures broad internal support for our programs
SummaryTransferability We are committed to sharing best practices and actively participate in USASBE andGCEC for that purpose. We co-founded a Texas version of the GCEC, called the Texas University Network forInnovation and Entrepreneurship (or TUNIE), in order to share best practices acrossall of the Texas universities Our curricular offerings are readily transferable, depending on the specific interest ofother universities We have provided information about our business plan competition to numerous otherschools Our approach of bringing in outside venture capital and entrepreneurial speakers isparticularly well suited for regions such as Houston that do not have a strong baselike the West Coast and East Coast schools Our processes for technology commercialization and proactive approach for involvingstudents in University start-ups is very appropriate for most research institutions
Rice UniversityJesse H. Jones Graduate Schoolof BusinessBrad Burke, Managing DirectorRice Alliance for Technology and Entrepreneurshipbburke@rice.edu713-348-61362011 USASBE ConferenceFinalist: National Model MBA Entrepreneurship ProgramJanuary 13-16, 2011
Rice MBA Program young, but growing in reputation 4th - Best in Finance - Full Time MBA, FT, 2010 5th - Career Services - Full Time MBA, Economist, 2009 8th - Overall - Professional MBA, BusinessWeek, 2009 8th - Salary increase - Executive MBA, FT, 2009 9th - Best in Accountancy - Full Time MBA, FT, 2010
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Rice straw waste has been known as one of the biggest problems in agricultural countries [1]. Since the rice straw is a byproduct of rice, the existence of rice straw relates to the production of rice. Rice straw is part of the rice plant (See Fig. 1). Rice straw is obtained after the grain and the chaff have been removed. Rice straw is the
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The Rice fortification process detailed in this toolkit is a three step process: 1.Sourcing of fortified Rice kernels from a manufacturer 2.Dosing and blending Fortified Rice kernels with milled rice at a specific ratio (example, 1:200 or 1:100) 3.Bulk Storage and Packing The manufacturing facility needed to fortify rice is essentially a rice mill
