!"# %"#& '()*&(* #&+ ,*(-&./.01 233.()#4).&5 67*8#7*+ 91 :;)/1 <-#&0 = Why? Purpose Drive and fuel the passions and dreams of a new generation of Chinese student entrepreneurs. Build an exemplifying model of global entrepreneurship learning at ShangHai Tech, School of Management and Entrepreneurship:
! Empower student entrepreneurs to bring their ideas to life and market. ! Challenge student entrepreneurs with real-world entrepreneurship problems. ! Connect Chinese student entrepreneurs with global student entrepreneurs. Who? Intended Audience Primary audience: Shanghai Tech undergraduate and graduate students (possible expansion to national coverage) HYSTA Community members o VCs, Chinese and American corporations o Successful entrepreneurs o Startups with a business focus in China or U.S. Global student entrepreneurs Secondary audience: International entrepreneurial institutions International education institutions What? Description The initiative can take off with three programs based on two student levels of undergraduate and graduate studies.
! Student-entrepreneur mentorship program o Mentors are critical to entrepreneurs and all individuals professional and personal growth. By establishing a mentorship program, the young entrepreneurs will learn from their mentors the foundations and necessary skills of how to become a successful entrepreneur.
Model one: o One-month mentorship- provide wisdom and guidance to Shanghai Tech emerging student entrepreneurs " No. of meetings per month: 4 " No. of mentors: 4 (criteria: successful venture capitalists, lawyers, entrepreneurs, and skill trainers) " No. of students per session: 10 " Length of each meeting: 1 hour " The meetings can be held every month or every quarter depending on the availability of the mentors time " Students graduated from the mentorship program can sign up to be micro mentors who offer advice to new or other students who are not admitted to the mentorship program.
Model Two: o Monthly mentorship available o Appoint must be made prior to the set mentorship dates o Each student gets 20-30 mentorship time window !"# %"#& '()*&(* #&+ ,*(-&./.01 233.()#4).&5 67*8#7*+ 91 :;)/1 <-#&0 > o Mentors are selected from a combination of faculties and real-business world entrepreneurs.
! Student startup contest o Criteria: open to students of all majors at Shanghai Tech. o Chosen students will automatically be enrolled in the mentorship program and work with an assigned mentor on their startup ideas o Frequency: once a year o Suggested time: during summer vacationJuly of each year o Suggested place: China or Silicon Valley o Scope: 30-50 startups for initial competition o Finalists: select 5-10 semifinalists to compete for finalists o Reward: financial reward, corporate service reward, etc. o For finalists, HYSTA and Shanghai Tech will work together to promote them to join international student entrepreneur contests or other promotions appropriate.
! Student entrepreneurial internships o Criteria: open to all students but students who finished the mentorship program or participated in the contest will have priorities o Target internship partners: established startups that have secured funding of at least $1M (or 1M RMB if the company is located in China) and with a total number of employees of less than 50 but greater than 3. o Internship country: the internships can either take place in China or in Silicon Valley
How? Resource Distribution
Resource Allocation Partner Name Program Name Shanghai Tech HYSTA Student Mentorship Program
. One mentor each meeting . Four meetings/topics per month . Four mentors needed each month . All mentors need to commit for at two classes/meetings.
Provide screened student candidates Provide meeting places Design mentorship curriculum Recommend mentors
Recommend mentors (depending on curriculum designed and mentor availability, resources can be pulled from HYSTA Shanghai, HongKong, Silicon Valley)
Recommend popular student entrepreneurship curriculum materials
Help connect with student entrepreneurs associations in the valley for potential mentorship collaboration !"# %"#& '()*&(* #&+ ,*(-&./.01 233.()#4).&5 67*8#7*+ 91 :;)/1 <-#&0 ?
Student Startup Contest Prescreen candidates Provide quality candidates Select projects Set up mentorship for selected candidates Organize series of activities and workshops to help candidates with their startup progress
Organize national student startup contest in China or in SV.
Invite and involve international student entrepreneurs and entrepreneur organizations to participate in the contest
Contest Planning, Marketing Follow ups, etc. Student Entrepreneurial Internships Collect internship applications all year long
Select interns for summer internships
Recommend interns for internships
Host internship fairs/meetings that involve HYSTA startups Work with corporations or startups in both SV and China.
Collect and Design internship projects
Evaluate internship positions or projects
Provide Shanghai Tech with internship openings
Recommend interns
Monitor the internship process through weekly or bi weekly follow ups
Organize other group activities needed for the interns
Potential Impact-expected value
Program Name
Expected value Student Entrepreneur Mentorship Program Student Startup Contest Student Entrepreneurial Internship Program For students Guidance Wisdom Encouragement International Communicatio Startup experience Interaction with selective founders, VCs, and startup companies. Project-based experience Problem-solving skills Collaboration !"# %"#& '()*&(* #&+ ,*(-&./.01 233.()#4).&5 67*8#7*+ 91 :;)/1 <-#&0 @ n skills Broader entrepreneurshi p perspective Global leadership skills Etc. Interaction with and learning from peer entrepreneurs Gain presentation skills and Communication skills Face challenges to solve real-world problems. Etc. with team members that have international backgrounds Critical thinking skills Etc. For Shanghai Tech Establish a good supporting foundation and structure to nurture student entrepreneurshi p in Shanghai Tech and China Enhance Department and school performance
Be a leader of student entrepreneur contest Be a leader of promoting international collaborations that promote and support student entrepreneurs Build a globally competitive brand Provide a platform for foreign student entrepreneurs to interact with Chinese student entrepreneurs Close the gap between real- world technology applications and classroom teaching Supply talented and qualified interns Build an ecosystem that backs up the performance of the school For HYSTA Giving back to the community Promote HYSTAs Presence in China Etc. Be the first to organize international student startup contest Expand channels to serve VCs and HYSTA members Etc.
Attract more startup members Attract more corporate sponsors Provide talent to HYSTA startup members Provide marketing channel to HYSTA startup members Etc. For all partners including Mentors
the community Mentor young entrepreneur talent Discover great start up ideas and funding opportunities Provide support and resources to increase the chances of student entrepreneurs to succeed For corporations: sense of social responsibility, quality interns, and fresh ideas to solve corporate problems.
Etc. sense of achievement
For VCs, Discover great startup ideas Discover funding opportunities
Etc.
For corporation and startups: Trained talent
Potential Risks This is designed to be an on-going cooperation; therefore, dedicated personnel and services are needed to be in place to ensure deliverables. ! HYSTAs current structure is not suitable for carrying out collaborations that will spread more than two months ! Mentors may not be always available ! Students may not be used to the mentoring styles ! Students may not participate in an enthusiastic fashion as expected ! Startup projects may not be enough and ideal to hold the contest ! Internship companies may not be always available and ideal ! Risk like travel, housing, and transportation, associated with International internships ! Other risks
If the Proposal is Feasible- Immediate Action Checklist Sample
Program Name
Time (2014) Student Entrepreneur Mentorship Program Student Startup Contest Student Entrepreneurial Internship Program May June July August September October November December 2015 January February March April May June July August