2006-7 Work Plan Goal 6

From EDtHEwiki

GOAL 6 – To promote the development and expansion of entrepreneurial activities.

• Facilitate the formation of higher education seed funds for institutions.
  • Action - Identify best practices on how to prepare the ground work for when a deal presents itself.
  • Action - Establish a seed fund at the institutions through their foundations or other mechanisms to assist student/faculty/staff entrepreneurs.

• Promote faculty participation in entrepreneurial development. Permit faculty to benefit financially from this effort.
  • Action - Modify institutional policies to encourage faculty participation in economic development beyond service component of contract.

• Establish avenues to find entrepreneurial management for Oklahoma companies.
  • Action – Build both credit and non-credit courses around entrepreneurship.
  • Action - Establish a statewide Entrepreneurship Institute.

• Create a small business assistance for entrepreneurial ideas.
  • Action - Continue providing technical assistance to small businesses. Maintain relationships with Oklahoma Small Business Development Center and other local economic development professionals.

• Work with other local and state organizations on joint projects or efforts to assist entrepreneurs.
  • Action - Create an informational web site with data on all the localization resources available in Oklahoma to assist entrepreneurs and small businesses. Geographical focus.
  • Action - Create a list in hard copy of support services including regional collaborations in economic development.

• Provide sophisticated level of assistance to entrepreneurs and start-up companies. Work with CareerTech in this effort.
  • Action - Identify advanced technical areas that higher education can “own” and provide as services to companies.
  • Action - Identify gaps between services provides by CareerTech and by higher education to not have duplications.

• Align efforts and resources of higher education institutions with regional businesses.
  • Action - Establish industry advisory boards for departments. Inform regional businesses of assistance a university has to offer and who to contact.

• Connect regional higher education institutions to state cluster initiatives.
  • Action - When targeted clusters are identified, determine which programs at each institution provide the best support. Ensure that relevant programs are engaged in the appropriate clusters.

• Provide assistance to help entrepreneurs grow their companies and move them to the next level.
  • Action - Utilize the business incubation facilities statewide.