Entrepreneurship and Innovation ACE Impact Abuja 25022020 Entrepreneurship

Entrepreneurship and Innovation ACE Impact. Abuja. 25/02/2020

Entrepreneurship and Innovation DLR 5. 3 Entrepreneurship, innovation, commercialization DLI 5. 3 New entrepreneurship, innovation, start-up companies, and commercialization support programs

Entrepreneurship. DLR 5. 3 Relevance of the Education and Research activities of the Center How the Center activities align with and support the sector with which the Center is aligned Academic research should not remain isolated in the university environment, but should be transferred more broadly to sectoral stakeholders who can take advantage of and implement, the research advances This transfer of knowledge – through people, products, and ideas – is an important measure of the relevance of an ACE Impact Center

Entrepreneurship. DLR 5. 3. Design a Milestone around Entrepreneurship, Innovation, Start-ups and/or Commercialization activities DLR 5. 3 provides ACE Impact Centers the flexibility to design and implement interventions that address: the needs of the Center faculty and students are consistent with the sector; and are responsive to the private sector in Africa

Potential activities USD 100, 000 1. Strengthening a technology transfer office 2. A sectoral-focused incubator 3. A seed grant program 4. A prize system for successful entrepreneurship and/or innovation 5. A testing facility available for regional companies 6. A faculty Consulting business development office 7. An entrepreneurship curriculum developed for Center postgraduate students 8. An innovation curriculum developed for Center postgraduate students 9. A mentor program for start-ups and/or entrepreneurs 10. Number of invention disclosures /patents 11. Number of start-ups launched by Center affiliated faculty and postgraduate students

Potential activities Best to worse on cost/benefit + difficulty to implement criteria 1. An innovation curriculum developed for Center postgraduate students (in partnership with the private sector) 2. An entrepreneurship curriculum developed for Center postgraduate students (in partnership with the private sector) 3. A mentor program for start-ups and/or entrepreneurs 4. A prize system for successful entrepreneurship and/or innovation 5. Strengthening a technology transfer office (networking and projects; not IP) 6. A sectoral-focused incubator (only if it is virtual) 7. Number of start-ups launched by Center affiliated faculty and postgraduate students 8. A seed grant program 9. Number of invention disclosures /patents 10. A faculty consulting business development office 11. A testing facility available for regional companies

A couple of ideas… Engage with the private sector: seminars, mentors, lectures, prize jury, internships, test products, financing… Build international partnerships (scale!) Train and develop capacities Integrate 5. 3 with 5. 1. External generated revenue Integrate 5. 3 with 5. 2. Internships