University of Rochester Ain Center for Entrepreneurship Brochure 2018

Ain Center for Entrepreneurship www.rochester.edu/aincenter ENVISION EXPLORE BUILD LAUNCH SUSTAIN

AIN CENTER FOR ENTREPRENEURSHIP 4-7 CO-CURRICULAR e5 Program NSF I-Corps Site Upstate New York NSF I-Corps Node Student Incubator EDA University Center @ UR Experts-in-Residence Student Organizations Foundry Forums Workshop Series Ain Center Lecture Series Global Entrepreneurship Week 8-9 COMPETITIONS Mark Ain Business Model Workshop Series and Competition New York Business Plan Competition Creative Collision Challenge / UR Next Gen Challenge Charles and Janet Forbes Entrepreneurial Competition 10-11 FUNDING Tech Development Fund Ain Center Project or Travel Fund Simon School Venture Capital Fund Institute for Music Leadership Grant and Mentorship Program NSF I-Corps Site EDA University Center @ UR Business Plan Competitions 12-13 CURRICULAR Master of Science in Technical Entrepreneurship and Management (TEAM) Simon School MBA Entrepreneurship Minor Barry Florescue Undergraduate Business Program 14-15 COMMUNITY and INTERNATIONAL Community Partnerships Buzz Lab Boot Camp Romanian Professor Entrepreneurship Education and Networking Program NextCorps Simon VISION Partnership Program Virtual Enterprises Pre-College Programs 2 Young Entrepreneurs Academy

ENVISION think differently Ain Center for Entrepreneurship Generating and Transforming Ideas into Enterprises that Create Value At the University of Rochester, we understand entrepreneurship to mean generating and transforming an idea into an enterprise that creates value— and that value can be economic or social. More than a discrete set of business skills or practices, entrepreneurship is a mindset that can be applied to many realms of experience and achievement. 3

CO-CURRICULAR E5 PROGRAM The Experiential-Five Program, formerly the Kauffman Entrepreneurial Year (KEY) program, offers selected students a fifth, tuition-free year of college to pursue entrepreneurial endeavors, whether economic or social in nature. Qualified University of Rochester undergraduate students may propose to launch an enterprise, intern with a startup, undertake special projects, develop a business plan, research into various facets of entrepreneurship, or analyze how culture and public policy influence entrepreneurial activity. Students may apply from the time that they have been accepted into a major through the first semester of their senior year. Fall application deadline is November 1 Spring application deadline is the first Thursday after Spring Break www.rochester.edu/aincenter/e5 4

STUDENT INCUBATOR NSF I-CORPS SITE Located at NextCorps, a University-affiliated The National Science Foundation (NSF) I-Corps non-profit business incubator at Sibley Square Site program provides entrepreneurial training in downtown Rochester, student companies and modest grant funding to University have access to the essentials of running students, faculty, staff and recent alumni a business: interested in commercializing a technical (STEM) business idea. The program teaches the essen- free office space, meeting rooms, tials of the Business Model Canvas and how to a multi-media center, as well as NextCorps complete effective customer discovery. First Prototype Lab and other services and workshops offered by NextCorps. Program participants can apply for up to $3,000 in grant funding to conduct www.rochester.edu/aincenter/incubator customer discovery, market research or purchase supplies to create a prototype. Successful completion of the I-Corps Site program enables teams to apply to the National I-Corps Teams, an intensive seven-week program that provides up to $50,000 in grant funding. www.rochester.edu/aincenter/icorps-site UPSTATE NEW YORK NSF I-CORPS NODE Through a partnership among Cornell University, the University of Rochester, and Rochester Institute of Technology, the Upstate New York (UNY) I-Corps Node acts as a hub for commercialization training in the Northeast, connecting skilled researchers to valuable resources through national and regional I-Corps programming. The UNY Node offers Lean LaunchPad training aimed at doctoral and post-doc candidates through two-week Short Courses hosted by universities across the region. www.unyicorps.org 5

EDA UNIVERSITY CENTER @ UNIVERSITY OF ROCHESTER The Ain Center for Entrepreneurship is designated as the Rochester region’s only University Center by the Economic Development Administration (EDA) with the U.S. Department of Commerce. The EDA program is designed to leverage university resources to support economic development strategies in the greater Rochester region, and to provide entrepreneurial training in rural communities in the Finger Lakes. Members of the University community receive modest grant funding and training to support a project focused on local urban and/or rural growth and development. www.rochester.edu/aincenter/university-center EXPERTS-IN-RESIDENCE The Experts-in-Residence (EIR) are seasoned business professionals who hold pro bono office hours each month on campus or virtually, available to any member of the University community. Anyone with interest in entrepreneurship, starting an enterprise, questions about a current business or strategy is encouraged to make an appointment to meet with an EIR. Make an appointment today! www.rochester.edu/aincenter/eir STUDENT ORGANIZATIONS The Ain Center for Entrepreneurship supports the goals and activities of undergraduate and graduate entrepreneurship clubs and associations. Their activities include regular group meetings, faculty lectures, pitch competitions and networking activities. Find out more about the student organizations www.rochester.edu/aincenter/student-orgs FOUNDRY FORUMS The Ain Center offers a series of workshops in the fall that explore the fundamentals of starting a new venture. www.rochester.edu/aincenter/lectures 6

AIN CENTER FOR 7 ENTREPRENEURSHIP LECTURE SERIES The Ain Center for Entrepreneurship Lecture Series features successful entrepreneurs who share their stories with the University and Rochester community each fall and spring semester. Recent speakers have included: Jeff Hoffman, co-founder of Priceline.com Craig Dubitsky ’87, CEO and founder of Hello Products, and founder of eos Lip Balm Tim Talley ’88, founder of U-Lace who made a successful appearance on ABC’s Shark Tank Jeannine Shao Collins ’86, CEO and co-founder of Girl Starter www.rochester.edu/aincenter/lectures GLOBAL ENTREPRENEURSHIP WEEK During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors— introducing them to new possibilities and exciting opportunities. www.rochester.edu/aincenter/events

COMPETITIONS Sponsored by Mark S. Ain ‘67S (MBA), MARK AIN BUSINESS MODEL founder of Kronos Incorporated WORKSHOP SERIES AND COMPETITION A series of three workshops covering a range of topics, including: articulation of their concept, sizing up market dynamics, development of business and operational models, and exposure to startup implementation issues. Student finalists present their concept, analysis, and recommended business model to a panel of distinguished alumni entrepreneurs and entrepreneurship professionals in a competition with a first-place cash prize of $10,000. www.rochester.edu/aincenter/competitions/ain NEW YORK BUSINESS PLAN COMPETITION The premier intercollegiate business plan competition in New York State. Students from institutions in the nine-county Finger Lakes Region pitch their business plans in one of six categories to panels of distinguished judges. Two teams from each category advance to the statewide competition to vie for more than $100,000 in cash and in-kind prizes. www.rochester.edu/aincenter/competitions/nybpc Finger Lakes Regional Semi-Finals 8 Co-hosted by RIT and University of Rochester

Next Gen Challenge sponsored by TEAM CREATIVE COLLISION CHALLENGE EXPLORE take risks The Ain Center’s newest competition brings together students from a variety of backgrounds to brainstorm Sponsored by Charles and Janet Forbes ’40 since 1989 solutions to social and cultural issues in a day-long challenge. Each year, participants tackle a different topic, guided by mentors and experts to devise a solution. Teams then present to a panel of judges. Top teams earn cash prizes. www.rochester.edu/aincenter/competitions/ creative-collision UR NEXT GEN CHALLENGE SPONSORED BY TEAM UR Next Gen Challenge is a technical think tank- style competition that gives students the chance to solve real-world problems with fellow engineers and scientists, working alongside professional industry representatives. www.rochester.edu/team/ur-next-gen-challenge CHARLES AND JANET FORBES ENTREPRENEURIAL COMPETITION The goal of the Forbes Entrepreneurial Competition is to encourage current, full-time University of Rochester undergraduate engineering students to consider the commercial potential of technology. Students, individually or in teams, compete by submitting a business plan for a manufacturing or a technical business, which is often based on their senior design projects or research but is not limited to those projects. A top prize of $5,000 is awarded. www.rochester.edu/aincenter/competitions/forbes 9

FUNDING TECH DEVELOPMENT FUND Promotes transfer and translation of research into commercial applications through monetary awards to advance promising UR technologies towards commercial applications. Awards can range from $40,000 to $100,000 over the course of one year. Qualified applicants include any faculty member, post-doctoral fellow, graduate student, or other employee of the University, who has submitted an Invention Disclosure to UR Ventures prior to or simultaneous with application indicating intent to pursue commercial opportunities. www.rochester.edu/tdf BBUmUakeIyIoLuLr mDaDrk make your mark AIN CENTER PROJECT OR TRAVEL FUND Students pursuing an entrepreneurial project or experi- ence can apply to the Ain Center for funding. Funds are awarded on a first come, first served basis and are capped at $500 per request. www.rochester.edu/aincenter/fund-request 10

SIMON SCHOOL VENTURE CAPITAL FUND INSTITUTE FOR MUSIC LEADERSHIP GRANT AND MENTORSHIP PROGRAM An early stage student-run venture capital fund run by second-year MBA students at the Simon School, University of Rochester. Provides competitive opportunities to receive funding The Simon School Venture Capital Fund (SSVCF) is an evergreen and mentorship to encourage new thinking and innovative fund and was initially funded by alumni donations. The fund is ideas in music. Successful recipients demonstrate creativity, guided by an advisory board, which consists of successful innovation, uniqueness, passion, added value to the music entrepreneurs, VC investors and accomplished professionals field and their own communities, and the potential for in other fields. sustainable initiatives. As a subsidiary of the University, the SSVCF is able imlgrants.org to leverage Rochester’s vast resources and alumni network to assist in the development of its portfolio companies. NSF I-CORPS SITE (see page 5) SSVCF’s portfolio companies benefit from an extensive network www.rochester.edu/aincenter/icorps-site of student professionals and world-class entrepreneurial advisors to assist in developing their exciting new ventures. Anyone EDA UNIVERSITY CENTER in the University community or the general public may apply @ UNIVERSITY OF ROCHESTER (see page 6) www.rochester.edu/aincenter/university-center for funding. BUSINESS PLAN COMPETITIONS (see pages 8-9) www.simon.rochester.edu/ssvcf www.rochester.edu/aincenter/competitions 11

CURRICULAR MASTER OF SCIENCE IN TECHNICAL ENTREPRENEURSHIP & MANAGEMENT (TEAM) The Master of Science in Technical Entrepreneurship and Management, or TEAM, degree program at the University of Rochester offers students the opportunity to immerse themselves in a technical cluster of their choice while receiving a strong foundation in entrepreneurial management. Through a fast-paced curriculum at the University’s Hajim School of Engineering and Applied Sciences and the Simon Business School, students can complete the program in as little as one year. TEAM graduates are equipped with detailed technical knowledge in their field while becoming business-savvy. They have the tools to innovate, lead, and strategically manage in an industry that increasingly rewards interdisciplinary expertise. To learn more about the TEAM program, visit www.rochester.edu/team LAUNCH challenge the world 12

RANKED NO. 9 TOP MBAS FOR SIMON SCHOOL MBA ENTREPRENEURSHIP IN U.S. ENTREPRENEURSHIP - 2018 Financial Times of London MINOR rankings.ft.com/businessschoolrankings/ The Simon School is committed to the teaching top-mbas-for-entrepreneurship-2018 of entrepreneurship. The Entrepreneurship minor allows MBA students to gain a rich understanding and a deep dive into the area of entrepreneurship. Graduates with this minor have started their own ventures or have pursued “intrapreneurial” careers within major corporations. Students often combine this minor with specializations in the finance or marketing tracks to further enhance their educational base. This is especially true for those pursuing investment banking/M&A where entrepreneurship knowledge can be very useful. www.simon.rochester.edu BARRY FLORESCUE UNDERGRADUATE BUSINESS PROGRAM The University offers BS and BA degrees in business, both of which build on the principles of economics and statistics. They are designed to provide undergraduates with an analytical approach for addressing current as well as future opportunities and challenges at for-profit companies, not-for-profit organizations, and graduate school. Entrepreneurship courses can be taken as electives within the BA degree in business. The BS degree offers entrepreneurship as a specialized track. www.rochester.edu/college/bsb 13

SUSTAIN build the future COMMUNITY AND INTERNATIONAL COMMUNITY PARTNERSHIPS The Ain Center works with community partners such as NextCorps, Excell Partners, The Entrepreneurs Network (TEN), Digital Rochester, Rochester Angel Network, and the City of Rochester to strengthen and expand the entrepreneurial ecosystem. www.rochester.edu/aincenter/community BUZZ LAB BOOT CAMP The Buzz Lab Boot Camp is a training program designed for entrepreneurs and small business owners in the greater Rochester com- munity. These sessions run on four consecutive Saturdays and feature workshops with subject matter experts and professionals. Buzz Lab is supported by a University Center grant from the Economic Development Administration of the US Department of Commerce. www.rochester.edu/aincenter/university-center/boot-camp ROMANIAN PROFESSOR ENTREPRENEURSHIP EDUCATION AND NETWORKING PROGRAM In 2016, the Ain Center was selected to host 24 professors from technical universities in Romania over four years. Funded by the Bucharest-based Romanian-American Foundation and conducted in partnership with the Fulbright Commission beginning in 2017, this program immerses the professors in the University’s entrepreneurship ecosystem, enabling them to design and implement state-of-the-art entrepreneurship education upon return to their home universities. 14 www.rochester.edu/aincenter/raf

NEXTCORPS NextCorps, a wholly-owned subsidiary of the University, offers programs and events to support entrepreneurs in the greater Rochester community, including the Rochester Venture Challenge and Annual Celebration of Entrepreneurship Luncheon, a business incubator, and Luminate—the world’s largest startup accelerator for optics, photonics and imaging. nextcorps.org SIMON VISION PARTNERSHIP PROGRAM The Vision Partnership Program at the Simon Business School is designed to foster relationships between students and the business community. Partners include companies of all sizes, nonprofit organizations, public institutions, the University, and Simon’s renowned network of alumni. It is a unique opportunity for students to work as a multi- disciplinary team and build experience by tackling real-world challenges. www.simon.rochester.edu/qr/vision/index.aspx VIRTUAL ENTERPRISES Virtual Enterprises International (VEI) is an in-school, live, global business simulation for high-school students. The University of Rochester partners with the VEI Northeast Region to host two events: Written Business Plan Judging and the Trade Fair and Oral Competition. University student volunteers judge the VEI business plans in the fall. In December, the Trade Fair and Oral Competition is held on River Campus. The winning regional Virtual Enterprises firm goes on to compete in an international competition held in New York City in the spring. www.veinternational.org PRE-COLLEGE PROGRAMS The Ain Center supports the Intensive Studies Business Bootcamp. Additional entrepreneurial and business non-credit courses are offered through the Rochester Scholars program. www.enrollment.rochester.edu/precollege YOUNG ENTREPRENEURS ACADEMY The Young Entrepreneurs Academy (YEA!) teaches students in grades 6-12 how to start their own company over the course of an academic year. The Academy runs classes across the United States and abroad. The original YEA! class began at the University of Rochester and continues to be offered on River Campus from September to May. yeausa.org 15

ABOUT THE AIN CENTER www.rochester.edu/aincenter The Ain Center for Entrepreneurship is a growing team of experienced entrepreneurs, incredible faculty, and knowledgeable staff. Serving the entire University of Rochester, we focus on a broad definition of entrepreneurship, turning the generation and transformation of ideas into valuable experiences, opportunities, and enterprises. The Center was launched in 2006, following a $3.6 million grant from the Ewing Marion Kauffman Foundation with a $7.2 million match from the University. In 2015, the Ain Center for Entrepreneurship was named in recognition of the generous support of Mark S. Ain ‘67S (MBA) and his wife Carolyn Ain, known for their visionary leadership and support of innovation University-wide. The Ain Center has received numerous awards from the Global Consortium of Entrepreneurship Centers, including those recognizing Entrepreneurship Across Disciplines and Excellence in Specialty Entrepreneurship Education. We offer a top-ranked graduate entrepreneurship program according to The Princeton Review, Financial Times of London and Entrepreneur magazine. The Ain Center strives to facilitate creativity and provide resources for entrepreneurs to make their vision a reality. We look forward to helping you build the future. 16

AIN CENTER EVENTS AUGUST FEBRUARY TEAM Program Orientation Ain Workshop — Funding Sources Visiting Romanian Faculty Orientation Buzz Lab Boot Camp SEPTEMBER MARCH NSF I-Corps Site Fall Cohort Kickoff NYBPC Finger Lakes Regional Deadline TEAM Info Session e5 Application Deadline VJF Entrepreneurial Training Course Kickoff Ain Workshop — Pitching Foundry Forum — Team Formation APRIL OCTOBER NYBPC Regional Semi-Finals Meliora Weekend Entrepreneurship Panel Mark Ain Business Model Competition Deadline Startup Trek to New York City Forbes Competition Deadline Foundry Forum — Customer Discovery e5 Capstone Presentations TEAM Info Session NYBPC Statewide Finals NSF I-Corps Node UR Short Course Ain Center Spring Lecture NOVEMBER MAY e5 Application Deadline — Fall Mark Ain Business Model Competition Semi-Finals TEAM Info Session Forbes Competition Finals Global Entrepreneurship Week Events Mark Ain Business Model Competition Finals Foundry Forum — Failure TEAM Commencement Virtual Enterprises Written Judging Regional Faculty & Staff Summit Ain Center Fall Lecture Creative Collision Challenge JULY Pre-College Business Bootcamp DECEMBER TEAM Info Session YEAR-ROUND PROGRAMS Regional Faculty & Staff Summit UNY NSF I-Corps Node Short Courses Virtual Enterprises Trade Fair (monthly @ host universities around the northeast) TEAM Commencement (3-semester) Entrepreneurship Faculty & Staff Luncheons (monthly) Student Organization Events and Competitions JANUARY UR NextGen Competitions NSF I-Corps Site Spring Cohort Kickoff Student Incubator @ Sibley Square Ain Workshop — Business Plan Expert-in-Residence Office Hours (monthly) VJF Entrepreneurial Training Course Kickoff 17

GET TO KNOW THE TEAM Duncan Moore, Vice Provost for Entrepreneurship [email protected] AIN CENTER FOR ENTREPRENEURSHIP Natalie Yager Antal, Associate Director [email protected] Matthew Spielmann, Sr. Program Manager [email protected] Heidi Mergenthaler, Program Manager [email protected] Meghan Plate, Program Assistant [email protected] TEAM MS DEGREE PROGRAM Andrea Barrett, Executive Director [email protected] Kathy Driscoll, Associate Director of Career Management and Community Relations [email protected] Rebecca Crocker, Marketing Specialist [email protected] ADMINISTRATIVE Lynn Reiner (Doescher), Executive Assistant to Dr. Moore [email protected] Evelyn Goldman (Sheffer), Financial Administrator [email protected]

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Ain Center for Entrepreneurship www.rochester.edu/aincenter AIN CENTER FOR ENTREPRENEURSHIP University of Rochester 1-211 Carol Simon Hall Rochester, NY 14627 585.276.3500 [email protected]