University of Rochester Ain Center for Entrepreneurship Impact Report 2020

2020 The Ain Center for Entrepreneurship teaches people how to generate and transform ideas into enterprises that create value. We provide the structure and resources for innovators who express interest in starting an enterprise, equipping them with the skills needed to be successful. No. 9 Top Graduate Program in Entrepreneurship 2020 No. 42 Top Undergraduate Program in Entrepreneurship in 2020 Princeton Review and Entrepreneurship Magazine No. 29 Best B-School Rankings in Entrepreneurship 2019-20 Bloomberg Businessweek

Every starts somewhere 3840+ 101 Ain Center students hail from around the globe. Innovation is Student Participants a universal language; students and scholars worldwide embrace in Ain Center Programming, Events & Competitions Countries an entrepreneurial spirit. Arts, Sciences, and Engineering Hajim School of Engineering and Applied Sciences Eastman School of Music School of Medicine and Dentistry School of Nursing Simon Business School Warner School of Education and Human Development 106 Areas 175 Entrepreneurial of Study Volunteers Rochester’s undergrad and graduate 70 out of 175 Ain Center volunteers (40%) students from all disciplines pursue during the 2018-2019 academic year were entrepreneurship in an environment University of Rochester alumni. designed to inspire, support, and empower them. \"Success isn’t measured by your [entrepreneurial] project outcome. [Ain Center programming] takes the pressure o performance and instead emphasizes trial and error, and experiential learning. It’s about doing and learning.\" Nicole Podolo '15, e5 Scholar 2

Every finds their resources 27 36 \"It's scary starting your own business, there are completely di erent stresses 2018 Participants 2019 Participants than working for others, having an Buzz Lab Boot Camp opportunity to share/learn from others An EDA University Center (alongside other entrepreneurs) was sincerely a beautiful experience.\" @ UR Program John \"Magnus\" Champlin, Buzz Lab is a 4-week training program for aspiring 2019 Buzz Lab Participant and actual rural and urban small business owners. 78 209 12 Experts Site Participants Experts -in- I-Corps Site Teams 340 Residence Advising Sessions NSF I-Corps Site Program The National Science Foundation (NSF) I-Corps Site 219 program provides entrepreneurial training and students, faculty, modest grant funding to University students, faculty, sta & community sta and alumni interested in commercializing a technical (STEM) business idea. Since 2014, the Ain Center has o ered monthly sessions with industry professionals. Appointments IUNRCSUTBUADTEONRT are held throughout the year and participants can receive feedback on their entrepreneurial projects. 46 6.3m 131 companies funds raised students 3

Every strives for excellence Competition Year Launched Total Entries Total Awarded Charles and Janet Forbes Competition 1989 106 $75,000 Creative Collision Challenge 2018 8 $1,750 Hult Prize 2016 38 $6,000+ Mark Ain Business Model Competition 2007 218 $175,500 New York Busines Plan Competition 2009 103 $25,500+ Swarm Starter 2019 4 $20,000 Tibetan Innovation Challenge 2015* 22 $5,000 *Ran 2 consecutive years only Grants Awarded $538,000 Economic Development Administration University Center $3.6M Ewing Marion Kau man Foundation Grant $300,000 NSF I-Corps Site @ University of Rochester $1.2M NSF I-Corps Upstate New York Node $10,000 Oransi Student Project & Travel Annual Fund $670,000 Romanian Professor Entrepreneurship Education Program \"The Ain Center truly defined my college experience and helped me discover myself. The Ain Center does great work in helping students like me discover their passion for entrepreneurship. I look forward to working with the Ain Center as the entrepreneur that they helped me become!\" Sharfuz Shifat '19 4

Every builds a network Regional SummitEach semester the Ain Center hosts these open 16 105 Universities Participants forums for discussion, networking, and collaboration 10among faculty and sta about the innovative happenings at universities across the region. Summits Fulbright-RAF Program Funded by the Romanian-American Foundation and conducted in partnership with the 8 11 28 Fulbright Commission, this training program Universities Participants immerses Romanian professors in the Cities University of Rochester's entrepreneurship ecosystem, enabling them to design and implement state-of-the-art entrepreneurship education upon return to their home universities. Program alumni have developed new courses, established entrepreneurship centers and organized a national entrepreneurship conference. Upstate New York Entrepreneurial Ecosystem In addition to on-campus partnerships, the Ain Center works with community organizations such as NextCorps, Excell Partners, Upstate Venture Connect, The Entrepreneurs Network, TechRochester, Star tFast Accelerator, Rochester Angel Network, and the City of Rochester to strengthen and expand the entrepreneurial ecosystem. Our students are also able to intern with local startups and nonprofits to immerse themselves in the regional scene. 3

Every tells their story Alumni Venture University of Rochester Spotlight Alumni Founders Founded in 2012 by a team of University of 376+ Rochester students, Ovitz is an optics company Founders that aims to expand and enhance accessibility to eye care. 500+ Companies Founded Ovitz was a member of the Student Incubator until 2016, and continues to operate out of NextCorps, with a subsidiary in South Korea. In June 2019, Ovitz (led by Joung Yoon “Felix” Kim '14) took home the first place award and $1,000,000 during Rochester's Luminate Accelerator Demo Day. Master of Science in Technical Entrepreneurship and Management 24 States 35 Countries The one-year TEAM MS program is o ered jointly by the Simon Business School and the Hajim School of Engineering and Applied Sciences. TEAM's unique curriculum and experiential learning model create well-rounded, business-savvy engineers and scientists who are able to tackle the challenges of any industry in an increasingly interdisciplinary world.