Description
Within this detailed paper about practical and experiential learning on how to become an entrepreneur.
STUDENT BRIEFING
14 January 2015
Program Objective
The EIP program has been designed to provide aspiring student
entrepreneurs the opportunity to study a course on entrepreneurship while
undergoing an internship in a startup providing practical and experiential
learning on how to become an entrepreneur
Program Structure
• Internship with a Start up
• Course of Study in Entrepreneurship
Program
Details
• Internship – 10 to 12 weeks
• Course – 40 hours
Duration
• Emory University – Atlanta, Georgia
(USA)
• iMINDS – Ghent, Belgium
Location
Program Start Date: 18 May 2015
Locations
Emory University
Goizueta Business School at Emory University
Emory University, recognized internationally for its outstanding liberal arts
colleges, graduate and professional schools, and one of the leading
healthcare systems in Southeast USA, is located on a beautiful, leafy
campus in Atlanta, Georgia's historic Druid Hills suburb
Emory is a progressive teaching, research and service university,
comprised of nine major academic divisions and featuring numerous
centers for research and advanced study, as well as a broad base of
distinguished affiliates. Led by President James W. Wagner, the
University has 11,300 students and 2,500 faculty members who represent
all regions of the United States and more than 100 foreign nations.http://www.emory.edu/home/index.html
iMINDS
iMinds is Flanders’ digital research center.
With over 850+ researchers at 5 Flemish universities, they conduct
strategic and applied research in areas such as ICT, Media and Health.
iMinds translate digital know-how into real-life products and services
together with their research partners.
Additionally iMinds also supports young entrepreneurs and start-ups in the
successful market introduction of their ideas.https://www.iminds.be/en
Program Details - Course of Study in Entrepreneurship
Emory University
Course: Entrepreneurship / New Venture Management
Faculty: Prof Charles F. Gotez (Senior Lecturer in Organization & Management, Distinguished Lecturer Entrepreneurship)
With over fifteen years of experience in developing, implementing and growing entrepreneurial ventures, he has been
responsible for starting and building nine new ventures to date, employing more than 1,000 employees and delivering returns
to investors in many cases far exceeding initial investment expectations.
These companies operated in six unique industries including: banking, healthcare, radio broadcasting, sports, real estate and
advertising. He has been awarded three patents and numerous copyrights.
Charlie Goetz is still actively involved in investing in new businesses and sits on a number of both private business and not-
for-profit boards.
He has written three books. They are: The Great Entrepreneurial Divide – The Winning Tactics of Successful Entrepreneurs
and Why Everyone Else Fails! and So You Want to Start a Business? - 8 Steps to Take Before Making the Leap
He teaches BBA, MBA, Executive MBA and PhD students’ the following courses: Introduction to Entrepreneurship, Applied
Entrepreneurship, Business Development, and directed study
Program Details - Course of Study in Entrepreneurship
iMinds
Course: Massive Open Online Courses or MOOC on Lean Launchpad – How to build a Winning Start-Up
Faculty: Prof. Frank Gielen, who is both a professor at the University of Ghent and the director of the entrepreneurship team
at iMinds will supervise this course
Dr. ir. Frank Gielen has extensive experience with R&D in the telecommunication and software technology industry as well as
with raising venture capital, university-industry cooperative research and spin-off creation. He held a number of technical and
management positions in the software industry.
He started as a software architect at AT&T Labs in the US and was director of software technology at Alcatel. In 1998, he
joined Tellium, a US based start-up company in optical network technology as the VP of Software Engineering, which had a
successful IPO on NASDAQ in 2001. He returned to Europe that year as the CEO for Tellium EMEA
Program Details – Internship at a Start Up
• Internship – common to both programs
• Period: 10 – 12 Weeks
• Start Up – will be < 5years old
• Internship Objective:
• Gain entrepreneurship experience by working at a start up
• Get market insights into launching products in the USA / Europe
• Learn about Go To Market Strategies and Scaling the business
• Network, Network, Network
• Form groups, ideate and identify opportunities of your own
Program Details – Travel, Boarding & Lodging
• Program Start Date: Monday – May 18, 2015
• Travel: Participants will travel in a group to Atlanta & Ghent, groups will leave on May 15, 2015
• Ticket Bookings: Tickets will be booked by IIE
• Boarding & Lodging: Will need to be managed by the students directly, however support in identifying these
services will be provided by Emory University & iMinds
• Local Travel: Will need to be managed by the participants
Program Eligibility Criteria
Shortlisting of participants by IIE
• Students must have shown a clear inclination to become an entrepreneur in the near term. These include
• Attending IIE Seminars, Workshops and Training programs on Entrepreneurship
• Attendance at Entrepreneur’s Corner, Entrepreneur Lunch Talks, Distinguished Speaker Series and other
IIE events
• Participating in Technopreneurship Study missions
• Taking the Technopreneurship track / Entrepreneurship track
• Participating in the SMU Innovation Award Competition
• Students will need to submit a statement of entrepreneurial intent – indicating
• Their motivation to become an entrepreneur
• Steps they have taken in this regard
• Ideas / Business Plans they are working on
• How they expect the EIP to help them in their entrepreneurial journey
• Students who are already in the midst of creating a start-up that address a regional / global opportunity will be
receive a green-lane to the program
Program Selection Criteria
Matching & Acceptance by Company offering Internship
• Shortlisted students will be provided details of start-ups that are offering internship in their location and they will
be allowed to pick one preferred start-up
• Profiles of all students for a particular location will be circulated to all the start-ups in that location
• Allocation preference will be as follows
• Preference 1 – Perfect match between Start-up & student preference
• Preference 2 – Based on start-ups requirement
EIP – Completion Requirements
The requirements for successfully completing the EIP and being eligible for the various grants that subsidize the
program is as follows
• Students must travel to & from the EIP location together as a part of the group
• Students must attend all classes that are a part of the Entrepreneurship Course being offered by the partner
agency
• Students must undertake an unbroken internship at the start-up assigned to them
• Students must submit a business plan for an idea that can be launched in Singapore and / or in their EIP
location
• Students must take their idea to market once they return to SMU
• Students will become ambassadors for Entrepreneurship and will commit to promoting various entrepreneurial
programs amongst their cohort (min. commitment of 20hrs. For the year)
EIP at EMORY UNIVERSITY – ATLANTA, GEORGIA (USA)
SL.NO. DESCRIPTION OF SUPPORT
COST IN
USD
COST IN SGD
(conversion rate
1 UGD = 1.3 SGD)
FUND
SUPPORT
SGD
STUDENT
COST
SGD
REMARKS
1. ENTREPRENEURSHIP COURSE
EST.
4000.00 5200.00 3640.00 1560.00
2.
VISA & HEALTH INSURANCE EST. 500.00 650.00 325.00* 325.00*
Subject to max reimbursement of
SGD 450
3.
AIRFARE (Group booking) EST. 2000.00 1400.00* 600.00*
Subject to Max reimbursement of
SGD 2100
4. COST OF LIVING SUPPORT
FROM START UP
1500.00 1950.00
The Company will pay the student
directly
5.
COST OF LIVING SUPPORT
FROM IIE (UIF+)
1650.00
IIE will disburse the amount to the
student once they satisfactorily
complete the EIP
TOTAL
7850.00 8965.00
NOTE: STUDENT WILL NEED TO PAY (TOP UP) FOR BOARDING, LODGING AND LOCAL TRANSPORTATION AT THE EIP LOCATION
ANY OTHER EXPENSES OTHER THAN WHAT IS LISTED ABOVE AS BEING SUPPORTED WILL HAVE TO BE BORNE BY THE STUDENT
IF THE STUDENT IS SHORTLISTED – THEY WILL NEED TO CONFIRM THEIR PARTICIPATION BY DEPOSITING NON REFUNDABLE SUM OF SGD 2500 WITH FINANCE.
PROGRAMME HAS BEEN STRUCTURED ON THE BASIS OF 20 STUDENT PARTICIPANTS
PLEASE NOTE THAT THE ABOVE FIGURES ARE ESTIMATES AND MAY FLUCTUATE BASED ON EXCHANGE RATES AND ACTUAL COSTS INCURRED
EIP at iMINDS – GHENT, BELGIUM
NOTE: STUDENT WILL NEED TO PAY (TOP UP) FOR BOARDING, LODGING AND LOCAL TRANSPORTATION AT THE EIP LOCATION
ANY OTHER EXPENSES OTHER THAN WHAT IS LISTED ABOVE AS BEING SUPPORTED WILL HAVE TO BE BORNE BY THE STUDENT
IF THE STUDENT IS SHORTLISTED – THEY WILL NEED TO CONFIRM THEIR PARTICIPATION BY DEPOSITING NON REFUNDABLE SUM OF SGD 2500
WITH FINANCE PROGRAMME HAS BEEN STRUCTURED ON THE BASIS OF 20 STUDENT PARTICIPANTS
PLEASE NOTE THAT THE ABOVE FIGURES ARE ESTIMATES AND MAY FLUCTUATE BASED ON EXCHANGE RATES AND ACTUAL COSTS INCURRED
SL.NO.
DESCRIPTION OF
SUPPORT
COST IN
EURO
COST IN SGD
(conversion rate
1 ! = 1.8 SGD)
FUND
SUPPORT
SGD
STUDENT
COST
SGD
REMARKS
!"
ENTREPRENEURSHIP COURSE
2420.00 4356.00 3050.00 1306.00
#"
VISA
650.00 1170.00
450.00* 1020.00*
Subject to max
reimbursement of
SGD 450
$"
HEALTH INSURANCE EST.
300.00
%"
AIRFARE (Group booking) EST.
2000.00 1400.00* 600.00*
Subject to Max
reimbursement of
SGD 1750
&"
COST OF LIVING SUPPORT
FROM START UP
900.00 1620
IIE will disburse the entire
amount to the student
once they satisfactorily
complete the EIP
'"
COST OF LIVING SUPPORT
FROM IIE (UIF+)
1620
TOTAL
7826.00 8140
Summary – what you need to participate
• Meet eligibility criteria
• Payment of student share of program costs
• Ensuring VISA readiness
• Managing accommodation (Support will be provided by the participating agency)
• Managing local transportation
• Active learning and participation in both course work as well as internship
• Submission of EIP report
• Coordinating and managing internship credit
• Start a company once they come back to Singapore
• Submission of claims at the end of EIP
EIP – Other Locations being explored
• !!" $% &'%( )*+'(,$-. "!/ 0( 1 (02), '(3&4(-%
• 56!78 9
&,) $- ;$%3
Within this detailed paper about practical and experiential learning on how to become an entrepreneur.
STUDENT BRIEFING
14 January 2015
Program Objective
The EIP program has been designed to provide aspiring student
entrepreneurs the opportunity to study a course on entrepreneurship while
undergoing an internship in a startup providing practical and experiential
learning on how to become an entrepreneur
Program Structure
• Internship with a Start up
• Course of Study in Entrepreneurship
Program
Details
• Internship – 10 to 12 weeks
• Course – 40 hours
Duration
• Emory University – Atlanta, Georgia
(USA)
• iMINDS – Ghent, Belgium
Location
Program Start Date: 18 May 2015
Locations
Emory University
Goizueta Business School at Emory University
Emory University, recognized internationally for its outstanding liberal arts
colleges, graduate and professional schools, and one of the leading
healthcare systems in Southeast USA, is located on a beautiful, leafy
campus in Atlanta, Georgia's historic Druid Hills suburb
Emory is a progressive teaching, research and service university,
comprised of nine major academic divisions and featuring numerous
centers for research and advanced study, as well as a broad base of
distinguished affiliates. Led by President James W. Wagner, the
University has 11,300 students and 2,500 faculty members who represent
all regions of the United States and more than 100 foreign nations.http://www.emory.edu/home/index.html
iMINDS
iMinds is Flanders’ digital research center.
With over 850+ researchers at 5 Flemish universities, they conduct
strategic and applied research in areas such as ICT, Media and Health.
iMinds translate digital know-how into real-life products and services
together with their research partners.
Additionally iMinds also supports young entrepreneurs and start-ups in the
successful market introduction of their ideas.https://www.iminds.be/en
Program Details - Course of Study in Entrepreneurship
Emory University
Course: Entrepreneurship / New Venture Management
Faculty: Prof Charles F. Gotez (Senior Lecturer in Organization & Management, Distinguished Lecturer Entrepreneurship)
With over fifteen years of experience in developing, implementing and growing entrepreneurial ventures, he has been
responsible for starting and building nine new ventures to date, employing more than 1,000 employees and delivering returns
to investors in many cases far exceeding initial investment expectations.
These companies operated in six unique industries including: banking, healthcare, radio broadcasting, sports, real estate and
advertising. He has been awarded three patents and numerous copyrights.
Charlie Goetz is still actively involved in investing in new businesses and sits on a number of both private business and not-
for-profit boards.
He has written three books. They are: The Great Entrepreneurial Divide – The Winning Tactics of Successful Entrepreneurs
and Why Everyone Else Fails! and So You Want to Start a Business? - 8 Steps to Take Before Making the Leap
He teaches BBA, MBA, Executive MBA and PhD students’ the following courses: Introduction to Entrepreneurship, Applied
Entrepreneurship, Business Development, and directed study
Program Details - Course of Study in Entrepreneurship
iMinds
Course: Massive Open Online Courses or MOOC on Lean Launchpad – How to build a Winning Start-Up
Faculty: Prof. Frank Gielen, who is both a professor at the University of Ghent and the director of the entrepreneurship team
at iMinds will supervise this course
Dr. ir. Frank Gielen has extensive experience with R&D in the telecommunication and software technology industry as well as
with raising venture capital, university-industry cooperative research and spin-off creation. He held a number of technical and
management positions in the software industry.
He started as a software architect at AT&T Labs in the US and was director of software technology at Alcatel. In 1998, he
joined Tellium, a US based start-up company in optical network technology as the VP of Software Engineering, which had a
successful IPO on NASDAQ in 2001. He returned to Europe that year as the CEO for Tellium EMEA
Program Details – Internship at a Start Up
• Internship – common to both programs
• Period: 10 – 12 Weeks
• Start Up – will be < 5years old
• Internship Objective:
• Gain entrepreneurship experience by working at a start up
• Get market insights into launching products in the USA / Europe
• Learn about Go To Market Strategies and Scaling the business
• Network, Network, Network
• Form groups, ideate and identify opportunities of your own
Program Details – Travel, Boarding & Lodging
• Program Start Date: Monday – May 18, 2015
• Travel: Participants will travel in a group to Atlanta & Ghent, groups will leave on May 15, 2015
• Ticket Bookings: Tickets will be booked by IIE
• Boarding & Lodging: Will need to be managed by the students directly, however support in identifying these
services will be provided by Emory University & iMinds
• Local Travel: Will need to be managed by the participants
Program Eligibility Criteria
Shortlisting of participants by IIE
• Students must have shown a clear inclination to become an entrepreneur in the near term. These include
• Attending IIE Seminars, Workshops and Training programs on Entrepreneurship
• Attendance at Entrepreneur’s Corner, Entrepreneur Lunch Talks, Distinguished Speaker Series and other
IIE events
• Participating in Technopreneurship Study missions
• Taking the Technopreneurship track / Entrepreneurship track
• Participating in the SMU Innovation Award Competition
• Students will need to submit a statement of entrepreneurial intent – indicating
• Their motivation to become an entrepreneur
• Steps they have taken in this regard
• Ideas / Business Plans they are working on
• How they expect the EIP to help them in their entrepreneurial journey
• Students who are already in the midst of creating a start-up that address a regional / global opportunity will be
receive a green-lane to the program
Program Selection Criteria
Matching & Acceptance by Company offering Internship
• Shortlisted students will be provided details of start-ups that are offering internship in their location and they will
be allowed to pick one preferred start-up
• Profiles of all students for a particular location will be circulated to all the start-ups in that location
• Allocation preference will be as follows
• Preference 1 – Perfect match between Start-up & student preference
• Preference 2 – Based on start-ups requirement
EIP – Completion Requirements
The requirements for successfully completing the EIP and being eligible for the various grants that subsidize the
program is as follows
• Students must travel to & from the EIP location together as a part of the group
• Students must attend all classes that are a part of the Entrepreneurship Course being offered by the partner
agency
• Students must undertake an unbroken internship at the start-up assigned to them
• Students must submit a business plan for an idea that can be launched in Singapore and / or in their EIP
location
• Students must take their idea to market once they return to SMU
• Students will become ambassadors for Entrepreneurship and will commit to promoting various entrepreneurial
programs amongst their cohort (min. commitment of 20hrs. For the year)
EIP at EMORY UNIVERSITY – ATLANTA, GEORGIA (USA)
SL.NO. DESCRIPTION OF SUPPORT
COST IN
USD
COST IN SGD
(conversion rate
1 UGD = 1.3 SGD)
FUND
SUPPORT
SGD
STUDENT
COST
SGD
REMARKS
1. ENTREPRENEURSHIP COURSE
EST.
4000.00 5200.00 3640.00 1560.00
2.
VISA & HEALTH INSURANCE EST. 500.00 650.00 325.00* 325.00*
Subject to max reimbursement of
SGD 450
3.
AIRFARE (Group booking) EST. 2000.00 1400.00* 600.00*
Subject to Max reimbursement of
SGD 2100
4. COST OF LIVING SUPPORT
FROM START UP
1500.00 1950.00
The Company will pay the student
directly
5.
COST OF LIVING SUPPORT
FROM IIE (UIF+)
1650.00
IIE will disburse the amount to the
student once they satisfactorily
complete the EIP
TOTAL
7850.00 8965.00
NOTE: STUDENT WILL NEED TO PAY (TOP UP) FOR BOARDING, LODGING AND LOCAL TRANSPORTATION AT THE EIP LOCATION
ANY OTHER EXPENSES OTHER THAN WHAT IS LISTED ABOVE AS BEING SUPPORTED WILL HAVE TO BE BORNE BY THE STUDENT
IF THE STUDENT IS SHORTLISTED – THEY WILL NEED TO CONFIRM THEIR PARTICIPATION BY DEPOSITING NON REFUNDABLE SUM OF SGD 2500 WITH FINANCE.
PROGRAMME HAS BEEN STRUCTURED ON THE BASIS OF 20 STUDENT PARTICIPANTS
PLEASE NOTE THAT THE ABOVE FIGURES ARE ESTIMATES AND MAY FLUCTUATE BASED ON EXCHANGE RATES AND ACTUAL COSTS INCURRED
EIP at iMINDS – GHENT, BELGIUM
NOTE: STUDENT WILL NEED TO PAY (TOP UP) FOR BOARDING, LODGING AND LOCAL TRANSPORTATION AT THE EIP LOCATION
ANY OTHER EXPENSES OTHER THAN WHAT IS LISTED ABOVE AS BEING SUPPORTED WILL HAVE TO BE BORNE BY THE STUDENT
IF THE STUDENT IS SHORTLISTED – THEY WILL NEED TO CONFIRM THEIR PARTICIPATION BY DEPOSITING NON REFUNDABLE SUM OF SGD 2500
WITH FINANCE PROGRAMME HAS BEEN STRUCTURED ON THE BASIS OF 20 STUDENT PARTICIPANTS
PLEASE NOTE THAT THE ABOVE FIGURES ARE ESTIMATES AND MAY FLUCTUATE BASED ON EXCHANGE RATES AND ACTUAL COSTS INCURRED
SL.NO.
DESCRIPTION OF
SUPPORT
COST IN
EURO
COST IN SGD
(conversion rate
1 ! = 1.8 SGD)
FUND
SUPPORT
SGD
STUDENT
COST
SGD
REMARKS
!"
ENTREPRENEURSHIP COURSE
2420.00 4356.00 3050.00 1306.00
#"
VISA
650.00 1170.00
450.00* 1020.00*
Subject to max
reimbursement of
SGD 450
$"
HEALTH INSURANCE EST.
300.00
%"
AIRFARE (Group booking) EST.
2000.00 1400.00* 600.00*
Subject to Max
reimbursement of
SGD 1750
&"
COST OF LIVING SUPPORT
FROM START UP
900.00 1620
IIE will disburse the entire
amount to the student
once they satisfactorily
complete the EIP
'"
COST OF LIVING SUPPORT
FROM IIE (UIF+)
1620
TOTAL
7826.00 8140
Summary – what you need to participate
• Meet eligibility criteria
• Payment of student share of program costs
• Ensuring VISA readiness
• Managing accommodation (Support will be provided by the participating agency)
• Managing local transportation
• Active learning and participation in both course work as well as internship
• Submission of EIP report
• Coordinating and managing internship credit
• Start a company once they come back to Singapore
• Submission of claims at the end of EIP
EIP – Other Locations being explored
• !!" $% &'%( )*+'(,$-. "!/ 0( 1 (02), '(3&4(-%
• 56!78 9
&,) $- ;$%3