Description
Brief file relating to johnson center for entrepreneurship and innovation.
indiana university - bloomington
kelley school of business
johnson center for
entrepreneurship
and innovation
Innovation at IU
New Venture Creation
indiana university - bloomington
kelley school of business
johnson center for
entrepreneurship
and innovation
Innovation at IU
New Venture Creation
2 World Class Innovation at Indiana University: New Venture Creation
6 World Class Entrepreneurial Immersions: Te Entrepreneurship Campus of the 21st Century
8 World Class Entrepreneurship & Innovation Faculty
11 World Class Rankings & Recognitions
12 World Class : Johnson Center for Entrepreneurship & Innovation
4 World Class Innovations: Entrepreneurship Laboratory (E-Lab) Experience
Contents
J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 3 2 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE
World Class Innovation at Indiana University:
New Venture Creation
If you can dream it…..you can do it! – Walt Disney
We are proud that Indiana University has developed one of the nation’s fnest Entrepreneurship
Programs within the nationally renowned Kelley School of Business. We have one of the world’s
premier entrepreneurship research faculties, with some of the most recognized entrepreneurship
thought leaders in the world, and we ofer one of the most comprehensive entrepreneurship
curriculums available at the PhD, MBA and undergraduate levels.
We recognize that the driving forces in the 21st Century will be the innovative thinking and
entrepreneurial drive of our younger generation. We believe that Indiana University’s Kelley
School of Business must be at the forefront, exposing our new generation of students to the
opportunities that exist within their own specifc talents to develop an entrepreneurial venture.
New innovative ventures are the result of ideas generated by individuals with the passion and
tenacity to execute them. Individuals who develop an idea must create the business model and
work relentlessly to grow the venture.
At the Kelley School of Business, we believe in the power of entrepreneurial thinking.
Accordingly, we relentlessly pursue excellence in the research and teaching of entrepreneurship
and innovation. Student ventures are the heart of entrepreneurial activity on our campus. As you
will see in the pages that follow, we have developed unique programs and initiatives to encourage
and facilitate the development of our student business ideas.
From our unique student incubator (nicknamed the Hoosier Hatchery) to our partnership
established in Silicon Valley with the largest idea incubator in the world, we ofer one of the
most comprehensive and innovative environments for students to generate and grow those
ideas into reality.
In the pages that follow, we have tried to encapsulate all of our eforts. We invite you to review
our entrepreneurial initiatives for students. You will fnd that a remarkable entrepreneurial
environment permeates our campus. We take our leadership role seriously and share our best
practices with all universities interested in developing the entrepreneurial mindset on their
campuses. We hope that this brochure provides you with excellent innovative insights.
Please visit our website:http://www.kelley.iu.edu/jcei/ to gain further information on our
programs. We are proud to share the very best in student programs for innovation and
entrepreneurship at Indiana University.
Dr. Daniel C. Smith
Dean of the Kelley School of Business
Te Clare W. Barker Chair
& Professor of Marketing
Indiana University – Bloomington
Dr. Donald F. Kuratko
Te Jack M. Gill Chair of Entrepreneurship
Professor of Entrepreneurship and Executive Director
Te Johnson Center for Entrepreneurship & Innovation
Indiana University – Bloomington
4 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 5
World Class Innovations:
Entrepreneurship Laboratory (E-Lab) Experience
Hoosier Hatchery, located in the Bloomington IU Innovation Center. IDEA Challenge drew students fromall over the IU campus.
Entrepreneurship Professor Mark S. Long (middle) with Lauren Fish and
Austin Bristow afer surviving the “Spine Sweat Experience.”
Entrepreneurship Laboratory Workshop
Students admitted to the E-Lab spend a semester work-
ing on their venture idea.
• Work at the Hoosier Hatchery, the newly developed
student incubator for start-ups
• Are admitted to the undergraduate IU Innovation
Accelerator Program, ofering a three-day immersion
entrepreneurial experience with speakers, tours, and
networking opportunities.
The Hoosier Hatchery:
Incubating Student Ventures
Te IU Hoosier Hatchery provides incubation space
for student entrepreneurs working on innovations
with commercial potential. Students’ innovations can
be “incubated” for a 6-9 month period at the Hoosier
Hatchery in order to better position the innovation for
venture development. Te student entrepreneurs are
then given the opportunity to present their progress to
a panel of investors and entrepreneurs in the form of a
“pitch” for their innovation’s graduation into Silicon Val-
ley. If deemed acceptable by the panel, the students will
make the move to Silicon Valley for up to nine months
to seek out the needed capital.
The Silicon Valley Partnership:
A footprint on the West Coast
In order to develop a “doorway” to Silicon Valley from
the Midwest, the Johnson Center for Entrepreneurship
& Innovation established a partnership with “Plug and
Play Tech Center” in Sunnyvale, California. It is the larg-
est business incubator in the world located in the heart
of Silicon Valley, housing over 250 technology startup
companies. Indiana University has a “pavilion” designed
for advanced student-run businesses to locate in Silicon
Valley for up to nine months in order to beneft from
the network of venture capitalists and angel investors
that exist there.
MBA students visit California’s Plug and Play Tech Center.
IU Innovation IDEA Challenge
Tis annual competition reaches across the entire campus
to bring forth the best innovative ideas percolating among
students. Ideas are submitted to the Hoosier Hatchery where
special tutorial sessions are conducted on “Feasibility Plans”
so the students are able to understand and then create a
complete plan for the competition. Sessions on “How to
Pitch an Idea” are also conducted in order to prepare par-
ticipants for the early round of idea presentations. Winners
are selected based on the innovative ingenuity and entrepre-
neurial potential of the idea as a commercial venture.
Ultimate Entrepreneurship Challenge:
The Spine Sweat Experience
For students with the passion to create new entrepreneurial
ventures, this rare challenge provides qualifed students
with an opportunity to prepare and present a business plan
to entrepreneurs, angel investors, and venture capitalists
with a risk vs. reward aspect. Te reward?…reverse scholar-
ship money. Te risk?…graduation. Students must present
their complete business plans for in depth review before the
evaluation panel. Earning an “A”, means graduation and a
monetary stipend.
Receiving an “F” means no graduation. It is the ultimate
entrepreneurial experience: the courage to risk something
(graduation) with the opportunity for upside potential (the
reverse scholarship). Tis course was ranked as the #1 Entre-
preneurship Course in America by Inc. Magazine.
IU Innovation Accelerator Program
Tis intensive program is for the enhancement of entre-
preneurial leadership, professional development and idea
acceleration with undergraduate entrepreneurship students
through the Johnson Center for Entrepreneurship & In-
novation. Te program ofers exceptional entrepreneur-
ship students who have demonstrated a high degree of the
entrepreneurial mind set immersion into an environment
in which they can explore their entrepreneurial interests
through networking, business strategies and exposure to
successful entrepreneurial careers.
6 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 7
World Class Entrepreneurial Immersions:
The Entrepreneurship Campus of the 21st Century
Innovation Fellows spend time with JCEI Board members as part of the IU
Innovation Accelerator.
Dr. Donald F. Kuratko (middle) with IU Innovation Fellows, Vic Simianu,
Virginia Myers, Anne Christensen, and Jon Schalliol.
Dr. Mark Albion (middle), serial social entrepreneur, noted author, and
co-founder of Net Impact, was the 2010 IU Distinguished Entrepreneur
and keynote speaker for the IU Entrepreneurial Connection Day.
MBA students in the Entrepreneurial Management Academy visit Sonic
Wall, an emerging company in Silicon Valley.
IU Innovation Fellows
A program established for select MBA students in
the Entrepreneurial Management Academy. MBA
students are interviewed and selected by their peers
to receive a stipend and serve for one year at the
Hoosier Hatchery located in the IU Innovation
Center. Tese “Innovation Fellows” serve as men-
tors and on site advisors to the student ventures
located in the hatchery. In addition, they organize
and conduct the annual IU IDEA Challenge
that showcases the very best innovations on the
IU campus.
Velocity Conference
Founded by Jack M. Gill, Ph.D., the Velocity
Conference is an annual event specially designed
for MBA students. Organized by IU’s Johnson
Center for Entrepreneurship & Innovation for the
purpose of “accelerating entrepreneurial careers,”
this annual conference is held in Silicon Valley with
the University of California-Berkeley serving as
the host for the conference. Selected MBA students
from both schools participate in the Silicon Valley
ecosystem of entrepreneurial experiences. Students
interact with successful entrepreneurs as well as
visit innovative and entrepreneurial frms.
Entrepreneurial Management Academy
One of the distinctive aspects of the Indiana
University MBA program is the “academies”.
Trough the selection of an academy, a student
can focus on a particular industry and/or career
option and experience an immersion in a particular
area of interest beyond the traditional classroom.
Te Entrepreneurial Management Academy creates
a unique and intensive entrepreneurial experience
for those who want to secure an entrepreneurial
management position in an emerging or innova-
tive-minded organization.
Social Entrepreneurship – GLOBASE
Te Certifcate in Social Entrepreneurship prepares students for
innovatively approaching public needs with a combination of
entrepreneurial practices and social purposes - through the for-
proft, nonproft, and governmental sectors. Dr. Jef McMullen,
an Entrepreneurship Professor specializing in social entrepre-
neurship, has created special courses in this area. In addition the
MBA Program established the GLOBASE (Global Business and
Social Enterprise) program which connects socially interested
MBA students with business owners and entrepreneurs.
IU Entrepreneurial Connection Program
Te Johnson Center hosts the annual IU Entrepreneurial Con-
nection Day to inspire students in their entrepreneurial pursuits.
Te day includes a keynote by an acclaimed entrepreneur and
leads into a networking venue giving Kelley students and alumni
an opportunity to interact. Kelley students and entrepreneurial
alumni are invited to give “elevator” pitches regarding their busi-
ness interests, companies, services, hiring or internships oppor-
tunities or mentoring interests.
The 21 Fund Intensive Challenge
Te MBA Entrepreneurial Management Academy in collabo-
ration with the Indiana Economic Development Corporation
(IEDC) works annually on an MBA student challenge event to
assist in accelerating the growth of life science and high tech-
nology companies within the state of Indiana. Te second year
MBA’s enrolled in the Kelley School’s Entrepreneurial Manage-
ment Academy work in teams on fve major projects that were
being considered for major funding from the state of Indiana’s
21st Century Research & Technology Fund.
VCIC Competition
IU MBAs and JDs annually participate in this unique national
competition where the students are the investors, hearing pitches
from real entrepreneurs, creating a very formidable learning ex-
perience for both parties. Teams act as VC’s, making investment
decisions, drafing term sheets, and presenting to the judges, all
in a highly-competitive atmosphere and tight timeframe.
8 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 9
World Class Entrepreneurship & Innovation Faculty
Indiana University Entrepreneurship Professors in Top 50 Researchers
Four Entrepreneurship Professors from Indiana University, Dean A. Shepherd, David B. Audretsch, Jefrey G. Covin and
Donald F. Kuratko are among the world’s leading researchers according to the study which ranked the Top 100 Entrepre-
neurship Researchers. Te study ranked the most prolifc entrepreneurship researchers and of the most prolifc institutional
afliations of these researchers. 5, 909 entrepreneurship papers published in the last 12 years in the top entrepreneurship
publication outlets. Te inventory included 26 journals and three long-running U.S. annual entrepreneurship conferences.
Te study showed which researchers and institutions are providing research leadership in advancing the knowledge available
on entrepreneurship. Among the ranking of 100 Most Prolifc Scholars in Entrepreneurship, Indiana University’s Dean A.
Shepherd ranked #2, David B. Audrestch ranked #7, Jefrey G. Covin ranked #45 and Donald F. Kuratko ranked #48. No other
university in the world had four scholars listed in the Top 100, let alone the Top 50. Tis accolade is just one example of the
incredible entrepreneurship faculty team that resides at Indiana University. Te IU Entrepreneurship Faculty are considered
thought leaders in their respective felds of research. It is an “Entrepreneurship Dream Team.”
Entrepreneurship Research Faculty
Dr. Donald F. Kuratko
Te Jack M. Gill Chair of Entrepreneurship
Professor of Entrepreneurship
Executive Director, Johnson Center
for Entrepreneurship & Innovation
Research Expertise: Corporate
Entrepreneurship & Entrepreneurship
Dr. Jefrey G. Covin
Te Samuel & Pauline Glaubinger
Professor of Entrepreneurship;
Professor of Strategic Management
Research Expertise: Corporate Venturing
& Strategic Entrepreneurship
Dr. Patricia P. McDougall
Te William L. Haeberle Professor of Entrepre-
neurship; Professor of Strategic Management
former Associate Dean, Faculty & Research of
the Kelley School of Business
Research Expertise: Strategic &
International Entrepreneurship
Dr. David B. Audretsch
Distinguished Professor
Ameritech Chair of Economic Development
Research Expertise: Global Leadership in
Entrepreneurship & Economic Development
Dr. Jefery S. McMullen
Assistant Professor of Entrepreneurship
Research Expertise: Entrepreneurial
Decision Making &Social Entrepreneurship
Dr. Dean A. Shepherd
Te Randall L. Tobias Chair of Entrepreneurial
Leadership; Professor of Entrepreneurship
Research Expertise: Venture Strategy
& Entrepreneurial Decision Making
Dr. Marc J. Dollinger
Professor of Business Administration
& Entrepreneurship
Research Expertise:
Entrepreneurial Strategies
Dr. Johannes G. Denekamp
Senior Faculty Lecturer of Management
& Entrepreneurship
Research Expertise:
Business Plan Development
Dr. Idalene F. Kesner
Te Frank P. Popof Chair of Strategic
Management; Professor of Management;
Associate Dean, Faculty & Research of the
Kelley School of Business
Research Expertise: Corporate Governance,
Mergers & Acquisitions
Dr. Dan Li
Assistant Professor of International Business
Research Expertise:
International Entrepreneurship
Dr. Dan R. Dalton
Te Harold A. Poling Chair of Strategic
Management; Professor of Strategic Management;
Director of the Institute for Corporate
Governance; Dean Emeritus of the Kelley
School of Business
Research Expertise: Corporate Governance
& IPOs
Dr. Catherine M. Dalton
Te David H. Jacobs Chair of Strategic
Management; Professor of Strategic Management;
Research Director of the Institute for Corporate
Governance
Research Expertise: Corporate Governance
& IPOs
Dr. Siri A. Terjesen
Assistant Professor of Strategic
Management & International Entrepreneurship
Research Expertise: International
Entrepreneurship & Economic Development
Dr. William L. Haeberle
Professor Emeritus of Management
& Entrepreneurship
Research Expertise:
Turnaround Management
Dr. Todd Saxton
Associate Professor of Strategy & Entrepreneur-
ship; Venture Center Faculty Fellow (Indianapolis
Campus)
Research Expertise: Strategy
& Entrepreneurship
Dr. Gregory F. Udell
Te Bank One Chair of Banking & Finance;
Professor of Finance
Research Expertise: Venture Capital
& Entrepreneurial Finance
Entrepreneurship Af?liated Faculty
Dr. Toyah Miller
Eli Lilly Faculty Fellow & Assistant Professor,
Department of Management
& Entrepreneurship
Research Expertise:
Social Entrepreneurship, Innovation & Change;
Women Entrepreneurs
Dr. Herman Aguinis
Dean’s Research Professor
Professor of Organizational Behavior &
Human Resources; Director, Institute for
Global Organizational Efectiveness
Research Expertise: Human Capital
Acquisition, Development, & Deployment &
Research Methodology & Quantitative Analysis
10 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 11
World Class Rankings & Recognitions
Andrew J. Sherman, JD
Partner, Jones Day Law Firm
Timothy J. Boeglin, JD
Managing Partner,
Upland Development Group, LLC
Gary J. Anderson, MD
Founder/Partner,
TL Ventures
Jack M. Gill, PhD
Founder/Partner,
Vanguard Ventures
Mark S. Long
CEO, Long Performance Advisors
Entrepreneurship Faculty of Practice
Lyle A. Feigenbaum
Owner & CEO, Scholars Inn
Gourmet Restaurant & Bakehouses
Mark E. Need, JD
IU Elmore Entrepreneurship
Law Clinic Director
Dr. Tomas P. Hustad
Professor Emeritus of Marketing
Research Expertise:
New Product Development
Dr. David L. Majors
Eli Lilly & Co. Faculty Fellow
Assistant Professor of Management
& Entrepreneurship
Research Expertise: Competitive
Dynamics; Venture Capital Globalization;
International Entrepreneurship
Dr. Matthew B. Semadeni
Assistant Professor of Strategic Management
Research Expertise:
Knowledge Management & Innovation
#1 Entrepreneurship Program in the U.S. (Public Universities)
- Fortune Magazine 2010
#1 University for Entrepreneurship Research
- World Rankings for Entrepreneurship Productivity 2009, 2010
#1 Undergraduate Business School for Entrepreneurship (Public Universities)
- U.S. News & World Report 2007, 2008, 2009, 2010, 2011
#1 Graduate Business School for Entrepreneurship (Public Universities)
- U.S. News & World Report 2008, 2009, 2011
#1 Entrepreneurship Course in America “Spine Sweat Experience”
- Inc. Magazine 2009
#1 Entrepreneurship Program Director (Ranked by Peers)
- Entrepreneur Magazine 2003
National Model MBA Program in Entrepreneurship
- U.S. Association for Small Business & Entrepreneurship 2007
National Model Ph.D. Program in Entrepreneurship
- U.S. Association for Small Business & Entrepreneurship 2004
Coolest College Start-Ups in America (“Punch Energy Drink” - Zac Workman)
- Inc. Magazine 2009
Top 6 Graduate Business Schools for Entrepreneurship
- U.S. News & World Report 2008, 2009, 2010, 2011
Top 3 Undergraduate Business Schools for Entrepreneurship
- U.S. News & World Report 2008, 2009, 2010, 2011
Top 5 Undergraduate Business Schools for Entrepreneurship
- Fortune Small Business 2007
Top 5 Graduate Business Schools for Entrepreneurship
- Fortune Small Business 2007
Top 2 Entrepreneurship Directors (as Ranked by Peers)
- Entrepreneur Magazine 2003, 2004, 2005
World Class:
Johnson Center for Entrepreneurship & Innovation
12 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE
Donald F. Kuratko, PhD
Executive Director
Gary S. Anderson, MD
Venture Capitalist in Residence
Mark E. Need, JD/MBA
Law Clinic Director
Mark S. Long
Entrepreneurship Faculty
of Practice
M. Sue Artmeier
Assistant Director
Jill L. Taylor
Administrative Coordinator
Susan L. Loucks
Budget Coordinator
IU Innovation Fellows
Anne C. Christensen, MBA ‘11
Virginia W. Myers, MBA ‘11
Jonathan R. Schalliol, MBA ‘11
Voicu V. Simianu, MBA ‘11
Johnson Center for Entrepreneurship & Innovation Staff
0
9
/
1
0
Te Johnson Family
Entrepreneurship Legacy
In the late 1990s, Richard L. (Dick) and Ruth
Johnson and their children, Rick and Jenny,
established an entrepreneurship endowment to
the Kelley School of Business. Te creation of the
Johnson Center for Entrepreneurship & Innovation,
along with their lifelong commitment to Indiana
University and the ideals of the entrepreneurial
mindset, are the foundations upon which all IU
entrepreneurial activity is based.
Te Johnson family: Jenny, Ruth, and Rick next to a bust of
the late Richard L. (Dick) Johnson, which stands outside of
the Johnson Center in the IU Kelley School of Business.
For more information about the Johnson Center
for Entrepreneurship & Innovation or its programs,
please contact us at:
Indiana University
Johnson Center for Entrepreneurship & Innovation
Godfrey Graduate & Executive Education Center
1275 East Tenth Street, Suite 2050
Bloomington, Indiana 47405-1703
812.855.4248
www.kelley.indiana.edu/jcei
doc_197067134.pdf
Brief file relating to johnson center for entrepreneurship and innovation.
indiana university - bloomington
kelley school of business
johnson center for
entrepreneurship
and innovation
Innovation at IU
New Venture Creation
indiana university - bloomington
kelley school of business
johnson center for
entrepreneurship
and innovation
Innovation at IU
New Venture Creation
2 World Class Innovation at Indiana University: New Venture Creation
6 World Class Entrepreneurial Immersions: Te Entrepreneurship Campus of the 21st Century
8 World Class Entrepreneurship & Innovation Faculty
11 World Class Rankings & Recognitions
12 World Class : Johnson Center for Entrepreneurship & Innovation
4 World Class Innovations: Entrepreneurship Laboratory (E-Lab) Experience
Contents
J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 3 2 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE
World Class Innovation at Indiana University:
New Venture Creation
If you can dream it…..you can do it! – Walt Disney
We are proud that Indiana University has developed one of the nation’s fnest Entrepreneurship
Programs within the nationally renowned Kelley School of Business. We have one of the world’s
premier entrepreneurship research faculties, with some of the most recognized entrepreneurship
thought leaders in the world, and we ofer one of the most comprehensive entrepreneurship
curriculums available at the PhD, MBA and undergraduate levels.
We recognize that the driving forces in the 21st Century will be the innovative thinking and
entrepreneurial drive of our younger generation. We believe that Indiana University’s Kelley
School of Business must be at the forefront, exposing our new generation of students to the
opportunities that exist within their own specifc talents to develop an entrepreneurial venture.
New innovative ventures are the result of ideas generated by individuals with the passion and
tenacity to execute them. Individuals who develop an idea must create the business model and
work relentlessly to grow the venture.
At the Kelley School of Business, we believe in the power of entrepreneurial thinking.
Accordingly, we relentlessly pursue excellence in the research and teaching of entrepreneurship
and innovation. Student ventures are the heart of entrepreneurial activity on our campus. As you
will see in the pages that follow, we have developed unique programs and initiatives to encourage
and facilitate the development of our student business ideas.
From our unique student incubator (nicknamed the Hoosier Hatchery) to our partnership
established in Silicon Valley with the largest idea incubator in the world, we ofer one of the
most comprehensive and innovative environments for students to generate and grow those
ideas into reality.
In the pages that follow, we have tried to encapsulate all of our eforts. We invite you to review
our entrepreneurial initiatives for students. You will fnd that a remarkable entrepreneurial
environment permeates our campus. We take our leadership role seriously and share our best
practices with all universities interested in developing the entrepreneurial mindset on their
campuses. We hope that this brochure provides you with excellent innovative insights.
Please visit our website:http://www.kelley.iu.edu/jcei/ to gain further information on our
programs. We are proud to share the very best in student programs for innovation and
entrepreneurship at Indiana University.
Dr. Daniel C. Smith
Dean of the Kelley School of Business
Te Clare W. Barker Chair
& Professor of Marketing
Indiana University – Bloomington
Dr. Donald F. Kuratko
Te Jack M. Gill Chair of Entrepreneurship
Professor of Entrepreneurship and Executive Director
Te Johnson Center for Entrepreneurship & Innovation
Indiana University – Bloomington
4 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 5
World Class Innovations:
Entrepreneurship Laboratory (E-Lab) Experience
Hoosier Hatchery, located in the Bloomington IU Innovation Center. IDEA Challenge drew students fromall over the IU campus.
Entrepreneurship Professor Mark S. Long (middle) with Lauren Fish and
Austin Bristow afer surviving the “Spine Sweat Experience.”
Entrepreneurship Laboratory Workshop
Students admitted to the E-Lab spend a semester work-
ing on their venture idea.
• Work at the Hoosier Hatchery, the newly developed
student incubator for start-ups
• Are admitted to the undergraduate IU Innovation
Accelerator Program, ofering a three-day immersion
entrepreneurial experience with speakers, tours, and
networking opportunities.
The Hoosier Hatchery:
Incubating Student Ventures
Te IU Hoosier Hatchery provides incubation space
for student entrepreneurs working on innovations
with commercial potential. Students’ innovations can
be “incubated” for a 6-9 month period at the Hoosier
Hatchery in order to better position the innovation for
venture development. Te student entrepreneurs are
then given the opportunity to present their progress to
a panel of investors and entrepreneurs in the form of a
“pitch” for their innovation’s graduation into Silicon Val-
ley. If deemed acceptable by the panel, the students will
make the move to Silicon Valley for up to nine months
to seek out the needed capital.
The Silicon Valley Partnership:
A footprint on the West Coast
In order to develop a “doorway” to Silicon Valley from
the Midwest, the Johnson Center for Entrepreneurship
& Innovation established a partnership with “Plug and
Play Tech Center” in Sunnyvale, California. It is the larg-
est business incubator in the world located in the heart
of Silicon Valley, housing over 250 technology startup
companies. Indiana University has a “pavilion” designed
for advanced student-run businesses to locate in Silicon
Valley for up to nine months in order to beneft from
the network of venture capitalists and angel investors
that exist there.
MBA students visit California’s Plug and Play Tech Center.
IU Innovation IDEA Challenge
Tis annual competition reaches across the entire campus
to bring forth the best innovative ideas percolating among
students. Ideas are submitted to the Hoosier Hatchery where
special tutorial sessions are conducted on “Feasibility Plans”
so the students are able to understand and then create a
complete plan for the competition. Sessions on “How to
Pitch an Idea” are also conducted in order to prepare par-
ticipants for the early round of idea presentations. Winners
are selected based on the innovative ingenuity and entrepre-
neurial potential of the idea as a commercial venture.
Ultimate Entrepreneurship Challenge:
The Spine Sweat Experience
For students with the passion to create new entrepreneurial
ventures, this rare challenge provides qualifed students
with an opportunity to prepare and present a business plan
to entrepreneurs, angel investors, and venture capitalists
with a risk vs. reward aspect. Te reward?…reverse scholar-
ship money. Te risk?…graduation. Students must present
their complete business plans for in depth review before the
evaluation panel. Earning an “A”, means graduation and a
monetary stipend.
Receiving an “F” means no graduation. It is the ultimate
entrepreneurial experience: the courage to risk something
(graduation) with the opportunity for upside potential (the
reverse scholarship). Tis course was ranked as the #1 Entre-
preneurship Course in America by Inc. Magazine.
IU Innovation Accelerator Program
Tis intensive program is for the enhancement of entre-
preneurial leadership, professional development and idea
acceleration with undergraduate entrepreneurship students
through the Johnson Center for Entrepreneurship & In-
novation. Te program ofers exceptional entrepreneur-
ship students who have demonstrated a high degree of the
entrepreneurial mind set immersion into an environment
in which they can explore their entrepreneurial interests
through networking, business strategies and exposure to
successful entrepreneurial careers.
6 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 7
World Class Entrepreneurial Immersions:
The Entrepreneurship Campus of the 21st Century
Innovation Fellows spend time with JCEI Board members as part of the IU
Innovation Accelerator.
Dr. Donald F. Kuratko (middle) with IU Innovation Fellows, Vic Simianu,
Virginia Myers, Anne Christensen, and Jon Schalliol.
Dr. Mark Albion (middle), serial social entrepreneur, noted author, and
co-founder of Net Impact, was the 2010 IU Distinguished Entrepreneur
and keynote speaker for the IU Entrepreneurial Connection Day.
MBA students in the Entrepreneurial Management Academy visit Sonic
Wall, an emerging company in Silicon Valley.
IU Innovation Fellows
A program established for select MBA students in
the Entrepreneurial Management Academy. MBA
students are interviewed and selected by their peers
to receive a stipend and serve for one year at the
Hoosier Hatchery located in the IU Innovation
Center. Tese “Innovation Fellows” serve as men-
tors and on site advisors to the student ventures
located in the hatchery. In addition, they organize
and conduct the annual IU IDEA Challenge
that showcases the very best innovations on the
IU campus.
Velocity Conference
Founded by Jack M. Gill, Ph.D., the Velocity
Conference is an annual event specially designed
for MBA students. Organized by IU’s Johnson
Center for Entrepreneurship & Innovation for the
purpose of “accelerating entrepreneurial careers,”
this annual conference is held in Silicon Valley with
the University of California-Berkeley serving as
the host for the conference. Selected MBA students
from both schools participate in the Silicon Valley
ecosystem of entrepreneurial experiences. Students
interact with successful entrepreneurs as well as
visit innovative and entrepreneurial frms.
Entrepreneurial Management Academy
One of the distinctive aspects of the Indiana
University MBA program is the “academies”.
Trough the selection of an academy, a student
can focus on a particular industry and/or career
option and experience an immersion in a particular
area of interest beyond the traditional classroom.
Te Entrepreneurial Management Academy creates
a unique and intensive entrepreneurial experience
for those who want to secure an entrepreneurial
management position in an emerging or innova-
tive-minded organization.
Social Entrepreneurship – GLOBASE
Te Certifcate in Social Entrepreneurship prepares students for
innovatively approaching public needs with a combination of
entrepreneurial practices and social purposes - through the for-
proft, nonproft, and governmental sectors. Dr. Jef McMullen,
an Entrepreneurship Professor specializing in social entrepre-
neurship, has created special courses in this area. In addition the
MBA Program established the GLOBASE (Global Business and
Social Enterprise) program which connects socially interested
MBA students with business owners and entrepreneurs.
IU Entrepreneurial Connection Program
Te Johnson Center hosts the annual IU Entrepreneurial Con-
nection Day to inspire students in their entrepreneurial pursuits.
Te day includes a keynote by an acclaimed entrepreneur and
leads into a networking venue giving Kelley students and alumni
an opportunity to interact. Kelley students and entrepreneurial
alumni are invited to give “elevator” pitches regarding their busi-
ness interests, companies, services, hiring or internships oppor-
tunities or mentoring interests.
The 21 Fund Intensive Challenge
Te MBA Entrepreneurial Management Academy in collabo-
ration with the Indiana Economic Development Corporation
(IEDC) works annually on an MBA student challenge event to
assist in accelerating the growth of life science and high tech-
nology companies within the state of Indiana. Te second year
MBA’s enrolled in the Kelley School’s Entrepreneurial Manage-
ment Academy work in teams on fve major projects that were
being considered for major funding from the state of Indiana’s
21st Century Research & Technology Fund.
VCIC Competition
IU MBAs and JDs annually participate in this unique national
competition where the students are the investors, hearing pitches
from real entrepreneurs, creating a very formidable learning ex-
perience for both parties. Teams act as VC’s, making investment
decisions, drafing term sheets, and presenting to the judges, all
in a highly-competitive atmosphere and tight timeframe.
8 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 9
World Class Entrepreneurship & Innovation Faculty
Indiana University Entrepreneurship Professors in Top 50 Researchers
Four Entrepreneurship Professors from Indiana University, Dean A. Shepherd, David B. Audretsch, Jefrey G. Covin and
Donald F. Kuratko are among the world’s leading researchers according to the study which ranked the Top 100 Entrepre-
neurship Researchers. Te study ranked the most prolifc entrepreneurship researchers and of the most prolifc institutional
afliations of these researchers. 5, 909 entrepreneurship papers published in the last 12 years in the top entrepreneurship
publication outlets. Te inventory included 26 journals and three long-running U.S. annual entrepreneurship conferences.
Te study showed which researchers and institutions are providing research leadership in advancing the knowledge available
on entrepreneurship. Among the ranking of 100 Most Prolifc Scholars in Entrepreneurship, Indiana University’s Dean A.
Shepherd ranked #2, David B. Audrestch ranked #7, Jefrey G. Covin ranked #45 and Donald F. Kuratko ranked #48. No other
university in the world had four scholars listed in the Top 100, let alone the Top 50. Tis accolade is just one example of the
incredible entrepreneurship faculty team that resides at Indiana University. Te IU Entrepreneurship Faculty are considered
thought leaders in their respective felds of research. It is an “Entrepreneurship Dream Team.”
Entrepreneurship Research Faculty
Dr. Donald F. Kuratko
Te Jack M. Gill Chair of Entrepreneurship
Professor of Entrepreneurship
Executive Director, Johnson Center
for Entrepreneurship & Innovation
Research Expertise: Corporate
Entrepreneurship & Entrepreneurship
Dr. Jefrey G. Covin
Te Samuel & Pauline Glaubinger
Professor of Entrepreneurship;
Professor of Strategic Management
Research Expertise: Corporate Venturing
& Strategic Entrepreneurship
Dr. Patricia P. McDougall
Te William L. Haeberle Professor of Entrepre-
neurship; Professor of Strategic Management
former Associate Dean, Faculty & Research of
the Kelley School of Business
Research Expertise: Strategic &
International Entrepreneurship
Dr. David B. Audretsch
Distinguished Professor
Ameritech Chair of Economic Development
Research Expertise: Global Leadership in
Entrepreneurship & Economic Development
Dr. Jefery S. McMullen
Assistant Professor of Entrepreneurship
Research Expertise: Entrepreneurial
Decision Making &Social Entrepreneurship
Dr. Dean A. Shepherd
Te Randall L. Tobias Chair of Entrepreneurial
Leadership; Professor of Entrepreneurship
Research Expertise: Venture Strategy
& Entrepreneurial Decision Making
Dr. Marc J. Dollinger
Professor of Business Administration
& Entrepreneurship
Research Expertise:
Entrepreneurial Strategies
Dr. Johannes G. Denekamp
Senior Faculty Lecturer of Management
& Entrepreneurship
Research Expertise:
Business Plan Development
Dr. Idalene F. Kesner
Te Frank P. Popof Chair of Strategic
Management; Professor of Management;
Associate Dean, Faculty & Research of the
Kelley School of Business
Research Expertise: Corporate Governance,
Mergers & Acquisitions
Dr. Dan Li
Assistant Professor of International Business
Research Expertise:
International Entrepreneurship
Dr. Dan R. Dalton
Te Harold A. Poling Chair of Strategic
Management; Professor of Strategic Management;
Director of the Institute for Corporate
Governance; Dean Emeritus of the Kelley
School of Business
Research Expertise: Corporate Governance
& IPOs
Dr. Catherine M. Dalton
Te David H. Jacobs Chair of Strategic
Management; Professor of Strategic Management;
Research Director of the Institute for Corporate
Governance
Research Expertise: Corporate Governance
& IPOs
Dr. Siri A. Terjesen
Assistant Professor of Strategic
Management & International Entrepreneurship
Research Expertise: International
Entrepreneurship & Economic Development
Dr. William L. Haeberle
Professor Emeritus of Management
& Entrepreneurship
Research Expertise:
Turnaround Management
Dr. Todd Saxton
Associate Professor of Strategy & Entrepreneur-
ship; Venture Center Faculty Fellow (Indianapolis
Campus)
Research Expertise: Strategy
& Entrepreneurship
Dr. Gregory F. Udell
Te Bank One Chair of Banking & Finance;
Professor of Finance
Research Expertise: Venture Capital
& Entrepreneurial Finance
Entrepreneurship Af?liated Faculty
Dr. Toyah Miller
Eli Lilly Faculty Fellow & Assistant Professor,
Department of Management
& Entrepreneurship
Research Expertise:
Social Entrepreneurship, Innovation & Change;
Women Entrepreneurs
Dr. Herman Aguinis
Dean’s Research Professor
Professor of Organizational Behavior &
Human Resources; Director, Institute for
Global Organizational Efectiveness
Research Expertise: Human Capital
Acquisition, Development, & Deployment &
Research Methodology & Quantitative Analysis
10 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE J OHNSON CENTER FOR ENTREPRENEURSHI P & I NNOVATI ON 11
World Class Rankings & Recognitions
Andrew J. Sherman, JD
Partner, Jones Day Law Firm
Timothy J. Boeglin, JD
Managing Partner,
Upland Development Group, LLC
Gary J. Anderson, MD
Founder/Partner,
TL Ventures
Jack M. Gill, PhD
Founder/Partner,
Vanguard Ventures
Mark S. Long
CEO, Long Performance Advisors
Entrepreneurship Faculty of Practice
Lyle A. Feigenbaum
Owner & CEO, Scholars Inn
Gourmet Restaurant & Bakehouses
Mark E. Need, JD
IU Elmore Entrepreneurship
Law Clinic Director
Dr. Tomas P. Hustad
Professor Emeritus of Marketing
Research Expertise:
New Product Development
Dr. David L. Majors
Eli Lilly & Co. Faculty Fellow
Assistant Professor of Management
& Entrepreneurship
Research Expertise: Competitive
Dynamics; Venture Capital Globalization;
International Entrepreneurship
Dr. Matthew B. Semadeni
Assistant Professor of Strategic Management
Research Expertise:
Knowledge Management & Innovation
#1 Entrepreneurship Program in the U.S. (Public Universities)
- Fortune Magazine 2010
#1 University for Entrepreneurship Research
- World Rankings for Entrepreneurship Productivity 2009, 2010
#1 Undergraduate Business School for Entrepreneurship (Public Universities)
- U.S. News & World Report 2007, 2008, 2009, 2010, 2011
#1 Graduate Business School for Entrepreneurship (Public Universities)
- U.S. News & World Report 2008, 2009, 2011
#1 Entrepreneurship Course in America “Spine Sweat Experience”
- Inc. Magazine 2009
#1 Entrepreneurship Program Director (Ranked by Peers)
- Entrepreneur Magazine 2003
National Model MBA Program in Entrepreneurship
- U.S. Association for Small Business & Entrepreneurship 2007
National Model Ph.D. Program in Entrepreneurship
- U.S. Association for Small Business & Entrepreneurship 2004
Coolest College Start-Ups in America (“Punch Energy Drink” - Zac Workman)
- Inc. Magazine 2009
Top 6 Graduate Business Schools for Entrepreneurship
- U.S. News & World Report 2008, 2009, 2010, 2011
Top 3 Undergraduate Business Schools for Entrepreneurship
- U.S. News & World Report 2008, 2009, 2010, 2011
Top 5 Undergraduate Business Schools for Entrepreneurship
- Fortune Small Business 2007
Top 5 Graduate Business Schools for Entrepreneurship
- Fortune Small Business 2007
Top 2 Entrepreneurship Directors (as Ranked by Peers)
- Entrepreneur Magazine 2003, 2004, 2005
World Class:
Johnson Center for Entrepreneurship & Innovation
12 PROVI DI NG A WORLD CLASS ENTREPRENEURI AL STUDENT EXPERI ENCE
Donald F. Kuratko, PhD
Executive Director
Gary S. Anderson, MD
Venture Capitalist in Residence
Mark E. Need, JD/MBA
Law Clinic Director
Mark S. Long
Entrepreneurship Faculty
of Practice
M. Sue Artmeier
Assistant Director
Jill L. Taylor
Administrative Coordinator
Susan L. Loucks
Budget Coordinator
IU Innovation Fellows
Anne C. Christensen, MBA ‘11
Virginia W. Myers, MBA ‘11
Jonathan R. Schalliol, MBA ‘11
Voicu V. Simianu, MBA ‘11
Johnson Center for Entrepreneurship & Innovation Staff
0
9
/
1
0
Te Johnson Family
Entrepreneurship Legacy
In the late 1990s, Richard L. (Dick) and Ruth
Johnson and their children, Rick and Jenny,
established an entrepreneurship endowment to
the Kelley School of Business. Te creation of the
Johnson Center for Entrepreneurship & Innovation,
along with their lifelong commitment to Indiana
University and the ideals of the entrepreneurial
mindset, are the foundations upon which all IU
entrepreneurial activity is based.
Te Johnson family: Jenny, Ruth, and Rick next to a bust of
the late Richard L. (Dick) Johnson, which stands outside of
the Johnson Center in the IU Kelley School of Business.
For more information about the Johnson Center
for Entrepreneurship & Innovation or its programs,
please contact us at:
Indiana University
Johnson Center for Entrepreneurship & Innovation
Godfrey Graduate & Executive Education Center
1275 East Tenth Street, Suite 2050
Bloomington, Indiana 47405-1703
812.855.4248
www.kelley.indiana.edu/jcei
doc_197067134.pdf