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  •  New Business Leaders Sought for Entrepreneur Program

    Thursday, Mar. 31, 2011 8:30 AM

    Building on the success of nearly 20 new business enterprises in last year’s California Program for Entrepreneurship (CAPE), Santa Clara University’s Leavey School of Business is accepting applications for the next highly selective six-month entrepreneurship program that begins in June 2011. (see www.scu.edu/business/cie/CAPE-Application.cfm)

    Up to 30 companies will be selected by May 1 to participate in a series of classes, workshops, mentorships and networking led by Santa Clara business faculty and augmented by the School’s unique connections with Silicon Valley.  Selection will be based on the following criteria: a well developed business idea (or business in startup mode), guided by experienced leaders, and with a high potential to make economic contributions within a year of completing the program.

    “By the end of this year, we will have provided California with 50 new job-creating organizations,” said Daniel Aguiar, executive director of the business school’s Center for Innovation and Entrepreneurship, and a former entrepreneur. “This program is leading the way to prosperity for communities around California.”

    Emerging entrepreneurs are invited to apply for admission to the program by May 1. The  online application (www.scu.edu/business/cie/CAPE-Application.cfm) includes several exercises to assess potential for a successful launch. Applications will be screened by a committee of veteran entrepreneurs, funders, and faculty.

    Starting in June, CAPE participants will start virtual exercises, work with faculty coaches, and join colleagues in two weekend onsite sessions. In September, the cohort will come to the Santa Clara campus for an intensive, week-long workshop, after which they will prepare a business ‘pitch’ under the mentorship of individually matched Silicon Valley executives. Two post-workshop weekend sessions will prepare group members to compete in a $5,000 business plan contest in November. 

    “This curriculum equips the emerging entrepreneur with marketing, finance, and operations expertise essential to success in the marketplace,” said Aguiar. “The program also provides skills to navigate organizational dynamics, strategic management, and communication.”

    “Members of last year’s CAPE cohort saw their products fast-tracked to major retailers and national distributors,” said Drew Starbird, dean of the business school and co-creator of the program. “We are eager to see what this fresh group of new business people will add to our economy.”

    CAPE cohort members will participate in all classes, workshops, and events and no cost. Books, in-class materials, onsite meals, and housing for those who live outside driving distance to the University are also free of charge. Travel expenses to and from each session are not included in the program. The CAPE program is underwritten by the Leavey School of Business Executive Development Center and members of the School’s Advisory Board.

  •  Entrepreneurs' Choice Award to SCU Team

    Wednesday, Mar. 16, 2011 12:05 AM

    A team of Santa Clara University School of Business MBA students received “The Entrepreneurs’ Choice” award during the Venture Capital Investment Competition (VCIC) held at Southern California University on March 4.

    The students, all from the class of 2011, placed third in the overall competition, which included MBA teams from California and the western states. Kannan Anathanarayanan, Rosy Bagai, Kamal Koliya, Ravinder Kumar, and Ganesan Velajan, were the SCU team that had previously won in the internal business school “intramurals,” sponsored by the Entrepreneurs’ Connection (a graduate business student club),  and the Center for Innovation and Entrepreneurship.

    Similar to a business plan competition, the VCIC emphasizes the role of venture capitalists. Teams heard real-life pitches from entrepreneurs, and were scored on their analysis and evaluation of the plans. Team members said the biggest takeaway from the event was the emphasis on relationships—from picking a strong team at the start to developing relationships with the entrepreneurs. “VCs and entrepreneurs bet on the execution capability of the team, more than the idea or technology,” said the SCU team. “If the idea is good, but there is a poor fit between the entrepreneur and the VC, the deal might not go through.”

    Alumni Steve Foster ‘84, Rocky Pimentel ‘77, and Andy Bartley MBA ‘10 were SCU team mentors, and Abhinav Talwar “11, president of the Entrepreneur Connection, coordinated the events.
     

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