Henley Centre For Entrepreneurship March 2015

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In September 2014, we welcomed our frst students on
the new MSc Entrepreneurship and Financing. This adds to
our established MSc Entrepreneurship and Management
programme and is a collaboration with the world-renowned
ICMA Centre. This new programme provides specialist training
in entrepreneurial fnance, and is particularly helpful for those
students interested in future careers in venture capital, or who
come from family frms and want to improve access to sources
of fnance. Prospective undergraduates have been applying
for our new BA Entrepreneurship and Management and BA
Entrepreneurship programmes in the past few months. We look
forward to welcoming the successful entrants in September 2015.
Richard Kevill, when interviewed by the Independent on Sunday
(25th January, 2015), explained his motives for joining the MSc
Entrepreneurship and Management class, because “I felt I was
being under-utilised at work. I thought I might be able to do
things differently. I have learnt that entrepreneurship is a style
of management. It’s about empowering other people to use
their capabilities and resources to maximise potential. I would
recommend this MSc to anyone in my position.”
Top student receives award
December 2014 saw the class of 2014
graduate at the Great Hall, London
Road. A memorable occasion was
topped off when Darta Jace was
awarded the prize for the top student
of all the students on the MSc
Entrepreneurship & Management
Programme.
Darta said: ‘I’m thrilled to receive the
top student award and be recognised
in this way which means a lot to me’
HCfE News
Henley Centre for Entrepreneurship | March | Issue number
Welcome to the spring 2015 issue of the HCfE News
From 2015, the HCfE News is to be published in the Spring and Autumn of every year.
HCfE is major contributor to Henley Business School’s
top research ranking in the UK
The UK’s Research Excellence Framework has published the
results of its most recent census of research quality in UK
universities. The Henley Business School was ranked 10th in
Business and Management for impact of its research on the
external community and 16th overall (out of 130 submissions).
HCfE research was a major contributor to the Henley Business
School submission, notably in our highly regarded work with the
UK Government designing incentives to assist SMEs to increase
global sales.http://henley.ac.uk/news/news-item/ref-2014-
results/
Henley Business School rising up the rankings
Henley Business School’s programmes are increasingly being
recognised as among the global elite. The Economist has recently
ranked the HBS MBA as number 2 in the UK, and number 34 in the
world. Entrepreneurship continues to be the most popular MBA
elective.http://henley.ac.uk/about-us/mba-rankings/nlh
Teaching expanded with New MSc programme
and BA undergraduate programmes
Entrepreneurship Masters classes 2014-2015
Darta Jace (EM 2014) accepting
the top student award from
Professor Andrew Godley
Professor Andrew Godley on the judges’ panel for the
Santander Universities Entrepreneurship Awards 2015.
The HCfE Director has been invited to serve on this highly
prestigious panel for 2015.
The Santander Universities Entrepreneurship Awards, which
aim to stimulate entrepreneurship activity offer students of
Santander partner UK universities the opportunity to showcase
their ideas and businesses. The Awards include cash prizes to
aid students with their ideas and businesses and valuable press
coverage. The 2014 IDEAFEST Business Idea Competition winner
and runner up have been selected to represent the University
of Reading at these Awards.
The new Entrepreneurship Society launches
into success
The Henley Business School’s Entrepreneurship Society was
launched in November 2014, with a committee of eight students
studying on a variety of degree programmes. Co-presidents,
Carrie Oxtoby and Kobi Grossman have organised a range of
workshops entitled: ‘You & Your Venture’, aimed at equipping
young entrepreneurs with the skills and knowledge required
to start a business.
The frst event, ‘Careers in Entrepreneurship’ was held on 22nd
January, and saw two Henley Business School alumni share
their entrepreneurial journey. Coming up, the Entrepreneurship
Society will be holding interactive workshops on topics such
as ‘Create a Plan’, ‘Pitching your Business’, ‘Understanding
Funding’ and ‘Taking your Business Internationally’. To become a
member or fnd out more, please visit their website:http://bit.ly/
ReadingES or email [email protected]
The Entrepreneurship Society is
co-founded and sponsored by Pitmans,
a legal frm based in Reading that
supports entrepreneurs.
HCfE selected by the University as entrant
for Queen’s Anniversary Prizes Award Scheme
The Prizes is a biennial award scheme which is part of the UK’s
national honours system and is the UK’s most prestigious form
of national recognition open to a UK academic or vocational
institution. The University through its Executive Board, chaired
by the Vice Chancellor, reviewed submissions from departments
across the University and selected the Henley Centre for
Entrepreneurship to represent the University. A decision on the
winners will be based on the Awards Council recommendation
to the Queen on the advice of the Prime Minister to be
announced in November 2015.
SME Speakers’ Panel events enhance learning
and engagement with SMEs
The HCfE, in partnership with Santander and the Thames Valley
Business Growth Hub, planned and successfully delivered four
Speakers’ Panel events in the ‘Supporting SMEs’ Programme.
The events were designed to address topics that Small and
Medium sized Enterprises (SMEs) identifed as important to
their business during the SME Forum that was held in June
2014. The topics featured were ‘Sourcing Finance for Business
Growth’, ‘Developing a Successful Sales Strategy and Winning at
Customer Development’, ‘Boosting Business Performance with
a Knowledge Transfer Partnership’ and ‘Successfully Hiring and
Developing Staff’.
Feedback from SMEs has been very positive. Jocelyn Lomer,
Managing Director of Cerono said of the frst panel: ‘It was
most interesting to hear about the realities of fund raising from
experienced entrepreneurs’ and Carolyn Lewis, MD Elearning
Marketplace Ltd said of the second panel: ‘Excellent event that
gave me a lot of useful information.’
Importantly, the Speakers’ Panel events enabled not only SMEs
to access knowledge and build relationships with the University,
but also gave students the opportunity to learn from speakers
and engage with SMEs to build their networks and enhance their
career prospects.
Helen Gammons moderates second Speakers’ panel
Careers in Entrepreneurship Workshop
IDEAFEST Business Idea Competition 2015 Announced
The HCfE in partnership
with the Entrepreneurship
Society and sponsored by
Pitmans has announced
the dates for the 2015
IDEAFEST Business Idea
Competition. Following the
successful launch of the
Competition in 2014 and
an exciting fnal that was
won by Ese Omoarukhe,
Pitmans and the HCfE will again deliver the Competition which
is open to all University of Reading students.
Ese, whose business idea was a nutritional drink called Hi-Fab,
is exploring the options for commercialising her idea after a
successful test on campus during autumn 2014 when students
tasted different formulations of the drink. Do we have an
Innocent in the making? Wait and see!
The 2015 Competition opens for entries on 1 April 2015 with
a deadline of 1 May 2015 and fnal presentations to the panel of
judges on 27 May 2015. A workshop on ‘Developing a Successful
Idea’ is offered to students interested in entering
the Competition on Monday 23 March 2015.
We are looking forward to welcoming back the judges
comprising entrepreneurs and business angels including Jenny
Tooth, CEO of the UK Business Angels Association. We expect
an exciting competition this year.
Student Summer Boot Camp back for a third year
For the third year in a row, the successful partnership between
Henley Business School, Santander and Popup Business School
will be launching another generation of entrepreneurial ventures
between the 8th and 12th of June. In previous years, we have
seen hi-tech start-ups born, consultancy businesses transformed,
new partnerships created and lives transformed. This week-
long workshop is designed to overcome the fear and inertia
associated with starting a new venture and kick start attendees
into action with sessions on selling, using social media, personal
motivation, idea generation and many others.
Successful outcomes have included changing the face of
air show commentary, a new cycling gear shophttps://trianglecyclery.com/ and the independent beauty
blogger of the yearhttp://eltoriasecrets.blogspot.co.uk/.
In 2014, we had a phone call from one participant on day 3
saying he couldn’t attend the rest of the week as he had just
landed a £15,000 deal and was starting on delivery that day.
Immediate, tangible results!
First endorsement under the Tier 1
(Graduate Entrepreneur) visa issued
Following the successful award to the University of accredited
endorsement body status and the subsequent launch of
the process for obtaining endorsement by the HCfE, the
frst graduate has been successful in securing a T1 (Graduate
Entrepreneur) visa.
Sohrab Donyavi, a PhD graduate who succeeded with his
visa application and who is now an occupant of the Business
Incubator at the University developing his idea said of his
experience:
‘The HCfE/ University helped me to transform a general idea into
a working business plan; a plan that has been supported by the
very team at HCfE/ University from the beginning throughout
the realisation of the work, making sure it will succeed. The HCfE/
University supported and secured my visa through a rather complex
process and yet made it sound easy. I am simply humbled to have
received genuine and extremely professional support from the HCfE
that helped me secure my visa’
Graduating students and those who have graduated in the last
12 months with a genuine and credible business idea who wish
to remain in the UK to develop their idea can obtain further
information here www.henley.ac.uk/research/research-
centres/henley-centre-for-entrepreneurship/SP12
Henley Business School graduate is building
a successful social enterprise
Joanna Abeyie is a journalist, entrepreneur,
TV presenter and a Reading graduate. She
is the founder and director of Shine Mediahttps://shinemediauk.wordpress.com/
about-shine-media/, a social enterprise
that aims to increase the diversity within
the journalism industry, and also the
founder and director of Flashing Lights,
a brand new showbiz news website.
Joanna is currently Staff Writer at Virgin Media magazine and is a
showbiz reporter for Mr Paparazzi, Big Pictures, Mail Online and
Entertainmentwise. Joanna has interviewed pretty much every
showbiz personality from Tom Cruise to Dame Helen Mirren.
Joanna spoke on campus at the ‘Careers in Entrepreneurship’
workshop hosted by Henley Careers and HCfE last autumn.
Joanna said of her visit and re-engagement with the University:
‘What a great thrill it was to return to the University and speak at the
‘Careers in Entrepreneurship’ workshop and meet students interested
in entrepreneurship. I hope that many more students will choose the
path of entrepreneurship and make a difference.’
Joanna will be back on campus later in the year.
Entrepreneurship Eco-System Conference hosted
by HCfE
Focusing on the role of innovation and entrepreneurial
ecosystems in regional competitiveness, the workshop
suggested that successful entrepreneurial ecosystems have
evolved out of complex and interdependent relationships
between their constituent elements. It provided a platform
on which to address the new theoretical and empirical
developments in our understanding of entrepreneurship and
innovation in companies, regions, nations and beyond.
A total of 22 participants from the Netherlands, the UK,
Germany, Norway, Greece, Spain and the US participated in the
Conference among them famous entrepreneurship scholars,
such as Professor Paul Reynolds – the founder of Global
Entrepreneurship Monitor, Professor Mike Wright (Imperial
College London and editor Strategic Entrepreneurship Journal),
Professor Erik Stam (University of Utrecht), Professor Tomasz
Mickiewicz (Aston University), Dr. Julia Korosteleva (UCL),
Dr. Alex Coad (University of Sussex and an associate editor of
Research Policy), Dr. Laszlo Szerb (University of Pecz), Professor
Jonathan Levie, (Strathclyde) and Prof Erkko Autio (Imperial) who
are on the forefront of the entrepreneurship ecosystem research.
The Organising Committee included international and local
entrepreneurship scholars: David B. Audretsch (Indiana
University), Mark Casson, Andrew Godley, Maksim Belitski
and Anna Spadavecchia (Henley Business School).
For further information, contact Dr. Maksim Belitski at
[email protected]
Entrepreneurship Executive Education Open
Programme launched
HCfE has launched two new programmes on the HBS Executive
Education programme: ‘Are you Investment Ready?’ and
‘e-Leadership for SMEs’. This latter emerges from Maks Belitski’s
and Andrew Godley’s research with the European Commission:
‘E-leadership skills for Small and Medium-sized Enterprises’, which
will be brought to completion at a London regional event on
23 April 2015.
Research Highlights
Andrew Godley’s research on entrepreneurship in the UK
food industry has been recognized by the British Library, with the
interviews he recorded with the sector’s leaders deemed of such
national importance that they have been asked to be deposited
with the UK’s National Sound Archive.
Professor Godley has also been appointed to the Academic
Committee organizing the inaugural World Business History
Conference, to be held in Bergen, Norway, 2016. Professor Godley
is also Chair of the Business History Conference’s (USA) Gomery
Prize Committee in 2015.
Mark Casson has been prolifc with publications since the last
HCfE News including ‘The Economic Theory of the Firm as a
Foundation for International Business Theory’ in Multinational
Business Review and several reviews and reports accepted for
publication that include ‘Entrepreneurship: The Evolution of a
Concept’, in David B. Audretsch, Christopher Hayter and Albert
Link’s Concise Guide to Entrepreneurship, Technology and Innovation.
There is more to come during 2015.
Professor Casson has also become co-managing editor of the
journal Multinational Business Review.
Mats Belitski has developed an Enterprise e-leadership
scoreboard and index, which is published in the e-Leadership
‘Skills for Small and Medium Sized Enterprises’ report for the
European Commission (jointly with Professor Kecheng Liu and
Dr Weizi Li) and was presented at the Third Workshop on SME
Requirements for e-leadership skills held Brussels,
20 November 2014.
HCfE launches a new website
In January 2015, the HCfE launched its new website. The website
features an opening video recording of Professor Andrew Godley,
Director of HCfE, talking about the Centre’s growing activities
and the benefts of studying at and working with the Centre.
The website is packed full of information, news and events for
students & faculty across the University and external visitors
including other academics, SMEs and government staff. View
the new HCfE website at www.henley.ac.uk/research/research-
centres/henley-centre-for-entrepreneurship/
We value your comments on the new website and how we
might improve it. Please forward your comments to
[email protected]
Further information about the Henley Centre for Entrepreneurship
can be found at Henley Centre for Entrepreneurship

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