Monday, April 27, 2009
Thursday, April 23, 2009
DUKE START-UP CHALLENGE SHOWCASES UNIQUE BUSINESS VENTURES
April 18, 2009 | DURHAM, N.C. – The Duke Start-Up Challenge was held at Duke University’s Fuqua School of Business Saturday, April 18th. The Duke Start-up Challenge is a competition that encompasses all aspects of building a business, including assembling a management team, formulating a business plan, and developing core product technology.
More than $45,000 in cash and prizes were awarded in four categories this year: health care/life sciences; high tech; consumer products and services; and social enterprise. Overall open category winners were also selected, with the overall winner taking home $25,000.
Of the more than 55 teams that entered the competition, 12 finalist teams were selected to pitch their ideas to judges, present to the public at the Duke Start-Up Challenge Tradeshow, and deliver their 2-minute “elevator pitches” to an enthusiastic crowd at the awards ceremony.
The winner of this year’s Duke Start-Up Challenge was EntoGenetics, a company that has developed a process to produce ‘spider silk’ in a scalable form. Spider silk is an organic fabric which is light, incredibly elastic, and tougher than Kevlar. EntoGenetics also won the Consumer Products and Services category. The runner-up, and winner of $10,000, was Knoesis, which also won the Healthcare category.
Other winners included Catchafire, winner for Social Enterprise; Wimzii, winner for High Tech; and Plato’s Republic, winner for Best Tradeshow Performance.
About the Duke Start-up Challenge
The Duke Start-Up Challenge (DSC) is a competition that lasts throughout the academic year which awards $25,000 to the winning team. The DSC provides a unique outlet for students to gain valuable experience in the world of entrepreneurship. Teams spend more than six months building business plans that include everything from marketing and finance, to product development and sales. The DSC taps into the strong venture capital and executive network within the Research Triangle region for expertise and judging. For more information, please visit http://www.dukestartupchallenge.org.
EntoGenetics has solved a puzzle that has been at the center of fabric science for more than 20+ years, the ability to produce ‘spider silk’ in a scalable form. Spider silk is an organic fabric which is light, incredibly elastic, and tougher than Kevlar. EntoGenetics has discovered how to transfer the spider’s production gene into the common silk worm, creating the means for large scale, inexpensive spider silk production and creating multiple new market opportunities based on the application of this remarkable fiber.
Knoesis seeks to develop bio-analytical hardware and reagents enabling cost-effective clinical diagnostics. The vision of the company is to allow everyone affordable access to rapid and specific diagnostic healthcare knowledge. Knoesis’ first application is an immunosensor for the detection of latent tuberculosis infection.
Catchafire is a for-profit social venture that will bridge the divide between the social sector and the business sector, renew corporations with a purpose and a place in their communities, and ignite a movement of pro bono service to increase the power that nonprofits and social entrepreneurs have in serving our communities.
Wimzii is an online search engine for apparel (think Google for clothes) which combines elements of search and social shopping to allow consumers to make the most informed product choices.
About Plato’s Republic
As parents become seriously concerned about childhood obesity and their child’s academic situation, Plato’s Republic provides a unique solution to these concerns—interactive physical fitness via exergaming (a new and innovative way to provide exercise using video games and electronics) coupled with academic support and enrichment. Daily after school sessions include one hour of exergaming coupled with one hour of enrichment, as well as a nutritious snack and beverage.
You can watch the entire event at: http://stream.fuqua.duke.edu/
Or you can watch individual videos below.
Friday, April 10, 2009
Thursday, April 9, 2009
I wanted to give you the good news that my team won 1st place in the Cerebration 2009 Global Business Plan competition (http://www2.bschool.nus.edu/Cerebration/2009/overview.htm) this past weekend in Singapore. There were a total of 450+ MBA teams from 20 countries around the world in this competition.
We had been participating in this competition since the middle of November and were invited to Singapore as one of 6 teams based on our business plan. In Singapore, we competed in a semi-final and final round of presentations (against NYU Stern, Chinese University of Hong Kong, HEC Montreal, Indian School of Business and IIT Bombay) and were selected as the overall 1st place winner. It was an amazing experience!
This is a quick report on the Grow Your Business (GYB) programme that John Lynch and I taught at last week (with great support from Keisha Cutright, a marketing PhD student), in Johannesburg, along with two members of the Wits faculty, Sean Temlett and Rasoava Rijamampianina. This was the first module of the pilot GYB programme (the module focused on strategy, marketing, and leadership), which will be followed by a second module in April (with an emphasis on finance and pan-African business) and then an applied project. David Robinson and I will be teaching in module 2, along with several Wits faculty members.
I have attached a brief overview of the GYB programme, which lists the faculty and has some background about the students.
Module 1 was a strong success. We had 29 students from varied business backgrounds -- mainly from South Africa, with one from Mozambique. Some students were from the "entrepreneurship" sector and others from "social entrepreneurship", though frankly I am not sure that distinction is meaningful in an emerging market. Half of the students were fee-paying, while half were on fellowships (though one of the fellowship students came to class on day 2 with a cheque book, and said that she wanted to pay because the course was worth the value to her). In addition, two faculty members from Wits sat in to pick up ideas about teaching and research. The students were motivated and enthusiastic -- an absolute delight to teach. Strikingly, all but one were there on the last day, at the end of an intense four-day module in which they were trying to balance class, work, and family obligations. Sean Temlett from Wits circulated the course evaluations, which were outstanding. More importantly, we all came away from the session with a deep sense of excitement and enthusiasm, both from the students and among ourselves. I am very much looking forward to module 2.
We hope to launch a second offering of the GYB programme in July. Wits is engaged in seeking fee-paying students, with the help of Sasfin Bank, which supported marketing efforts for the first programme. One of the learnings of the pilot is the need for relationship-based marketing in this sector, rather than media-based efforts. We had dinner with the executive director of Sasfin, Malcom Segal, who was excited about the progress and will lend support for seeking delegates for the next offering of the programme.
We have three goals for building capabilities via this programme and the other programmes we are engaged in: (1) developing our students' capabilities to manage their organizations, (2) developing our own capabilities, both to understand business in emerging markets and to create scalable educational programmes in those markets, and (3) developing our partners' capabilities to create scalable educational programmes (over time, we plan to reduce Duke direct engagement in teaching, with the partner taking the lead in managing and delivering the programme). I believe that the GYB program is helping us make strong progress towards all three goals.
Please let me know if you have any questions.
-- Will Mitchell J. Rex Fuqua Professor of International Management Watch our video at www.fuqua.duke.edu/wakeup
Wednesday, April 8, 2009
Tuesday, April 7, 2009
Saturday, April 4, 2009
Friday, April 3, 2009
Friday, April 3, 2009
Office Hours – Kirby Reading Room
• 3:00 - 4:00pm - A chance to informally meet us and some students. Location: Kirby Reading Room. We'll have office hours jointly with the Center for the Advancement of Social Entrepreneurship, the Center for Entrepreneurship and Innovation, and the Corporate Sustainability Initiative
Program for Entrepreneurs Workshop – Lilly Classroom
• 4:00 – 4:30pm – Information session on the Program for Entrepreneurs. Chat with Jon, Howie and others about the Program for Entrepreneurs. Note: Admitted students that specified an interest in Entrepreneurship and Innovation have received information about this program.
• 4:30pm - 6:15pm - Entrepreneurship Workshop for Program for Entrepreneurs applicants. Present your analysis of the case study for students wanting to apply for our Program. By invitation. Note: All slots are currently taken
Activities Fair - Tables for the EVCC and Program for Entrepreneurs
• 7:15pm-9:15pm - The Duke MBA Activities Fair - Location: Kirby Winter Gardens
• Table 1: For the Entrepreneurship and Venture Capital Club (EVCC) - (our fantastic student club, nominated for Club of the Year 2009)
• Table 2: For the Program for Entrepreneurs – special program for students intending to start a company upon graduation - a chance to meet students in the Program for Entrepreneurs. Note: Admitted students that specified an interest in Entrepreneurship and Innovation have received information about this program.
Academic Preview – Entrepreneurship and Innovation - Rand Classroom
Do a Case Study with Prof. Aaron (Ronnie) Chatterji. We’ll also take questions about the courses in Entrepreneurship and Innovation.
• 10:05-11:05 – Location: Rand Classroom – Academic Preview 1
• 11:10-12:10 – Location: Rand Classroom – Academic Preview 2
Career Panels – Entrepreneurship, VC & PE - Rand Classroom
Two sessions, same career panel each time. They will be preceded by a general CMC overview in Geneen Auditorium from 1:15pm - 1:45pm.
• 1:50 - 2:45pm – Location: Rand Classroom - Entrepreneurship, VC & PE - Career Panel A (a mix of students and alums)
• 2:50 - 3:45pm – Location: Rand Classroom - Entrepreneurship, VC & PE - Career Panel B (a mix of students and alums)
Open House–Center for Entrepreneurship & Innovation–Leaman Classroom
The Open House is a chance to meet the Center for Entrepreneurship and Innovation - see an overview of entrepreneurship and innovation activities at Fuqua and Duke, and chat informally with some current students.
• 4:35 - 5:15pm – Location: Leaman Classroom - Center for Entrepreneurship and Innovation - Open House slot 1
• 5:20 - 6:00pm – Location: Leaman Classroom - Center for Entrepreneurship and Innovation - Open House slot 2
Thursday, April 2, 2009
Thanks to the efforts of John Miles (with the help of Chris DeFilippo and Luke Smith), we have the following program now. Good stuff!
Dear Class of 2010:
In conjunction with The Center for Entrepreneurship and Innovation (CEI), we are pleased to announce the first Summer Residency in Entrepreneurship, commencing this summer.
Similar to the current Program for Entrepreneurs, which selects high potential students in the field of entrepreneurship to participate in a formal support and development program with the objective of developing a business plan over the 2-year academic period, we have recognized a similar need for students who may be engaging in other areas of core study but who have an interest in researching business ideas in lieu of a more traditional, company-sponsored summer internship.
The Summer Residency in Entrepreneurship seeks to address this need, by offering selected students (7-10) a 10-week "residency" at Duke between their first and second academic years. Managed by Fuqua students, the Residency establishes a structure for those students interested in starting a venture (for-profit or non-profit), helping them increase the probability they successfully start a company during their summer residency or upon graduation. Attached is a brief overview of the program.
In terms of the Residency leadership team, fellow FYs, Chris DeFilippo and Luke Smith, will be leading this effort with me, and we look forward to addressing any questions you may have.
If you have any questions about the application process or the program, please contact any one of us. Along with the CEI, we look forward to working with you.
John D.C. Miles
Chairman, Duke Summer Residency in Entrepreneurship
John D.C. Miles
Candidate for MBA - Class of 2010 | Health Sector Management
Duke University | The Fuqua School of Business
CASE and the Fuqua Distinguished Speaker Series
invite you to attend the presentation of the
2009 CASE Leadership in Social Entrepreneurship Award
Tuesday, April 7 – 5:30-6:30pm
Duke Fuqua School of Business, Geneen Auditorium
This spring, CASE will present its 2009 Leadership in Social Entrepreneurship Award to Jacqueline Novogratz, Founder and CEO of the Acumen Fund and author of The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World (released March 2009). Acumen Fund is a non-profit global venture fund using entrepreneurial approaches to solve the problems of global poverty. They seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Acumen's investments focus on delivering affordable, critical goods and services – like health, water, housing and energy – through innovative, market-oriented approaches.
About the Award: As part of our efforts to promote entrepreneurial leadership in the social sector, CASE recognizes an individual each year who has made significant contributions to the field of social entrepreneurship. Honorees may be social entrepreneurs, philanthropists, researchers, writers, or academics whose work has had positive social impact by encouraging or demonstrating innovation and promoting effectiveness within the social sector. Past recipients include Muhammad Yunus, Founder and Managing Director, Grameen Bank and Wendy Kopp, Founder and CEO of Teach for America.
Stay current with this and all CASE upcoming events at www.caseatduke.org/events. Presented by the Center for the Advancement of Social Entrepreneurship (CASE) at The Duke Fuqua School of Business.