First Kauffman Campus outside the US is established in NTU
NTU's vibrant entrepreneurship eco-system gets an added boost with the establishment of the first Kauffman campus outside of the United States.
NTU faculty and students can look forward to campus-wide opportunities for entrepreneurship training, as the University signed a Memorandum of Understanding (MOU) with the Ewing Marion Kauffman Foundation on 18 December 2008 to set up a campus at NTU. Central to the MOU is the development of a one-stop centre for entrepreneurship support on the NTU campus, providing a platform for student exchanges, educational programmes in entrepreneurship, as well as educational and research initiatives.
NTU was chosen as the Kauffman Campus for its exceptional entrepreneurship eco-system, which spans the entire venture creative value chain from entrepreneurship education, research and development, to management and commercialisation. One programme in place is the university's Master of Science in Technopreneurship and Innovation Programme. The one-year programme - the first of its kind outside of the United States - is modelled after the entire venture creation cycle, combining institutionalised learning with experiential learning, global immersion training and transformational experience.
Campus-wide innovation and entrepreneurship culture
Noting that entrepreneurship is one of the important factors in enhancing Singapore's global competitiveness, NTU President Dr Su Guaning said that entrepreneurship is also a key driver of economic and social development, especially in difficult times such as the current financial crisis.
"Having Asia's first Kauffman campus here in NTU enables us to leverage on Kauffman's expertise to enhance our campus-wide innovation and entrepreneurship culture. These will enhance the likelihood of economic payoffs from the nation's investments in high level research, and help produce prosperity for our people," added Dr Su.
"We are proud to join in this partnership with NTU, which provides some of the best entrepreneurship programming in the world," said Dr Carl Schramm, President and CEO of Ewing Marion Kauffman Foundation. "Students engaged in educational programmes must think globally from day one. Working with NTU, we will develop and disseminate the global practices and lessons that are critical for the success of entrepreneurs today."
The Kauffman Foundation's Kauffman Campuses initiative aims to transform the way colleges and universities prepare students for success in the economy, by instilling the spirit and skills of entrepreneurial studies into college life. The initiative was first launched in December 2003, and has set up campuses in 14 American universities, including the University of Illinois at Urbana-Champaign, the University of North Carolina at Chapel Hill, and Georgetown University. To be appointed a Kauffman Campus, the university must pledge to make entrepreneurship education a campus-wide opportunity, enabling any faculty and student, regardless of field of study, to access entrepreneurship training.
In March 2009, SPRING Singapore includes MSc TIP (Master of Science in Technopreneurship & Innovation Program) in its Management Development Scholarship (MDS) scheme, an important drive to shape Singapore's enterprise landscape by upgrading management capabilities in SMEs, which offers eligible applicants grant values of up to 70% of the expenses.
Fostering the creation of enterprises by entrepreneurs that are transformative and born global
In 2006, at the initiative of Gordon Brown, then UK's Chancellor of the
Exchequer, the Ewing Marion Kauffman Foundation created the Global Scholars
Program. The first overseas collaborator was the National Council for Graduate
Entrepreneurship (NCGE) in the UK. The 2010 Program will be attended by
students and observers from five countries, and will represent at least seven
nationalities. The Program provides a world class opportunity for promising
entrepreneurs, selected through competitive application processes, to develop
their entrepreneurial skills and ideas, competences, and capabilities to start a
business following completion of the Program. The Global Scholars Program
provides a six month exposure to some of America's most innovative
entrepreneurial professors, experts, universities, and companies.
The Program to date has hosted students and faculty from twenty-five
universities in three countries, representing eight nationalities. Applicants to the
Program are accepted through national fellowship competitions in collaboration
with organizations abroad. The scholarship provided by the overseas sponsors
will cover the costs of participation in the Program, lodging and travel expenses
in the United States, and a small living stipend. Please see below for details.
Outstanding students or recent graduates from science (natural and physical),
technology, and engineering fields who have innovative business ideas related
to their academic backgrounds are invited to apply. Applicants with ideas that
could translate into high growth and/or disruptive companies are particularly
welcome. Applicants should have demonstrated excellence, leadership, and
possess the qualities necessary to be a successful entrepreneur.
The Program has accommodated limited numbers of students from other
academic backgrounds. Therefore, students from other academic backgrounds
are welcome to apply and will be considered in light of the applicant pool. They
should demonstrate an abiding interest in science and/or technology and, like
other applicants, have ideas that could translate into high growth and/or
disruptive companies.
The program provides an unparalleled opportunity for participants to examine,
understand, and experience entrepreneurial culture in the United States.
Through the Global Scholars Program, they will meet and engage with leading
scholars and thinkers, policy leaders, innovative researchers, and business
founders. Building on their strong backgrounds in science, technology, or
engineering, they will have the opportunity to further develop their skills with a
view to turning their expertise in the direction of entrepreneurship and the
creation of innovative businesses. The Global Scholars group itself will create an
important core network for participants, one that will carry them through the
program and help to sustain them upon their return to their home country.
Ultimately, they will return home prepared to complete university programs if
appropriate, foster an entrepreneurial spirit in their universities and more
broadly, and most importantly, develop their innovative enterprises.
During the Program participants will be encouraged to think systematically about
entrepreneurship and the variables that may lead to the success of their venture.
To facilitate and document the evolution of their thinking, participants will set
personal learning and action goals that will reflect theoretical, practical, and
creative understandings of science, technology, and entrepreneurship. At the
close of the Program they will return home with a portfolio that describes and
documents their development and serves as an invaluable reference as they
move forward with their studies and enterprise development.
The Program features several phases. First, the Global Scholars spend five
weeks at the Kauffman Foundation in Kansas City, immersed in an intensive
course that explores a wide range of topics related to innovation,
entrepreneurship, and business creation. Some of the nation's most outstanding
faculty join the Foundation from Harvard Business School, NYU, MIT, and
University of North Carolina, Chapel Hill, among others.
Once well-grounded in the literature and American entrepreneurial experience,
the Kauffman Foundation and centers in technology and enterprise will host
participants at universities in Boston and Silicon Valley. Participants will have
the opportunity to observe, understand, and participate in what some might
argue are different entrepreneurial cultures on the East and West coasts. They
will receive exposure to high impact businesses that represent the most
innovative work being done in the regions. A variety of workshops and site visits
will further expose participants to the skills and knowledge they will need to
pursue successfully their own endeavors.
During the next phase participants will have the opportunity to immerse
themselves in the day-to-day operations of an innovative firm. Working together,
participants, the Foundation, and mentors will outline training goals specific to
their academic discipline and innovation area of interest. The Kauffman
Foundation has worked with small start-ups, as well as mid-size and large
companies (both publicly and privately held) to create individually tailored
placements with mentors from top levels of leadership including founders,
CEOs, and Vice Presidents, as well as with leaders from various company
divisions. During this approximately twelve week period participants will hone
their scientific and entrepreneurial skills through this invaluable opportunity to
learn about (and perhaps even help with) the challenges faced by innovative
companies.
Following the internship the Global Scholars reconvene in Kansas City to share
lessons learned and prepare for the return home. The Foundation supports an
alumni network and regular contact between all of its alumni participants.
The Kauffman Foundation designed the Global Scholars Program and continues
to coordinate and implement it. The Foundation has dedicated both a full time
director and administrative staff member to the Program. The Program is
directed by Dr. Wendy E.F. Torrance, who led the Program through its creation
in 2006 and welcomed the first class of British Global Scholars in January 2007.
The Foundation hosts the Global Scholars at its headquarters during the first
phase of the Program. The Foundation recruits the nation's most outstanding
faculty and accomplished entrepreneurs to present seminars, lead discussions,
and lead individual and small group meetings in Kansas City, Boston, and
Silicon Valley.
The Foundation works to ensure that the Scholars successfully navigate life in
the United States, providing a complete orientation and coordinating their travel,
housing and transportation, and opportunities for exposure to American culture
and social events.
Finally, the Foundation has created opportunities for an alumni network so the
Global Scholars may stay in touch with one another and with future classes of
Scholars.
Participants are currently hosted in the United States by the Kauffman
Foundation on a J-1 training visa sponsored by the American Immigration Law
Foundation.
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