Total enrollments are 250 Course enrollments are 1200 Slide 37 Example: Smeal College of Business – New Business Fundamentals Certificate Allows non-business undergraduates to develop fundamental business skills in finance, management, marketing and supply chain management. 15 credits: results in Smeal-specific transcript designation Ideal for students with entrepreneurial goals and plans to bring IP to the marketplace New B.S. in Corporate Innovation and Entrepreneurship Enrolled first 80 students in Aug. 2015; program at capacity Slide 38 Factors that will Define Success – Metrics are both specific and general -- patents, licenses, startups to new revenues to long-term student career success Source of funds for pilots -- $24M from budget and $2M from President’s capital investing $50M that normally ensures PSU financial stability (must return if financial need) Challenge of scaling Experimenting/innovating to in economic development; dramatically alter PSU’s role students who start companies in PA likely to stay in PA Resource approach: Capital campaign; investment $ (at risk?), PA appropriation (at risk?) Slide 39 In Summary – are creating innovation at multiple levels -- many activities/$ “Forcing functions” with opportunities to co-locate (Launchbox) or collaborate (minor). Success/non-general metrics are highly dependent on generating resources without raising tuition. We will sense the progress, but this is a long-term investment. Many parts are experimental we will shed failures and scale successes. – Consider other strategic forcing functions (water, energy, food, digital, human health) in same context.
Total enrollments are 250 Course enrollments are 1200 Slide 37 – Example: Smeal College of Business New Business Fundamentals Certificate Allows non-business undergraduates to develop fundamental business skills in finance, management, marketing and supply chain management. 15 credits: results in Smeal-specific transcript designation Ideal for students with entrepreneurial goals and plans to bring IP to the marketplace New B.S. in Corporate Innovation and Entrepreneurship Enrolled first 80 students in Aug. 2015; program at capacity Slide 38 – Factors that will Define Success Metrics are both specific and general -- patents, licenses, startups to new revenues to long-term student career success Source of funds for pilots -- $24M from President’s capital budget and $2M from investing $50M that normally ensures PSU financial stability (must return if financial need) Challenge of scaling Experimenting/innovating to dramatically alter PSU’s role in economic development; students who start companies in PA likely to stay in PA Resource approach: Capital campaign; investment $ (at risk?), PA appropriation (at risk?) Slide 39 – In Summary “Forcing functions” are creating innovation at multiple levels -- many activities/$ with opportunities to co-locate (Launchbox) or collaborate (minor). Success/non-general metrics are highly dependent on generating resources without raising tuition. We will sense the progress, but this is a long-term investment. Many parts are experimental – we will shed failures and scale successes. Consider other strategic forcing functions (water, energy, food, digital, human health) in same context.
2_2016_presidents_report.docx