Most student and faculty inventors are unaware of the intricacies of launching a start-up company. And it’s one of the biggest reasons that most university start-ups FAIL.
A lack of business savvy on the part of the leadership team is deadly to a new venture. However, by taking a proactive approach and incorporating an executive-in-residence program to mentor your faculty and student inventors, your start-ups’ chances of survival improve dramatically.
The University of Utah is ranked #1 in university start-ups. One of the critical strategies used to reach this status was enriching their talent pool with a top-notch executive-in-residence program, housed within the Pierre Lassonde Entrepreneur Center.
The Center’s director, Troy D’Ambrosio has designed a 60-minute program that will give you the detailed guidance and advice you need to start and manage an executive-in-residence program using proven best practices:
- How to recruit quality mentors from your local business and investment community
- How to engage students and faculty inventors
- Cost calculations for managing this type of program
- The pros and cons of working with volunteers
- How of U of Utah’s program started – and how it has evolved
- Impediments to success that you may encounter along the way and how to overcome them
- Understanding the university’s role in the start-up ventures created
Plus, we’ll reveal the elements of a successful venture born from the University of Utah’s Pierre Lassonde Entrepreneur Center so you can immediately implement these best practices in your current or future projects!
Your Expert Presenter:
Troy D’Ambrosio is the co-founder of multiple start-up companies which have attracted over $500 million in capital. Some of his earliest successes include founding Transworld Telecommunications, which was sold to Sprint in 1998, and Convergence Communications, which was acquired by Lockheed Martin in 2005. Mr. D’Ambrosio is currently the Director of the Pierre Lassonde Entrepreneur Center and Lassonde New Venture Development Center, where he has been mentoring students for the past eight years. He graduated from the University of Utah in 1982 and was named the Ernst & Young Entrepreneur of the Year in 2000, a v100 Technology leader in 2008, and Best in State Educational Program Administrator in 2009.