Monthly Archives: December 2014

CSUF Entrepreneurship Team Receives Scholarship from Union Bank

From L to R: Nate Ryan, Lori Howard, David DeFilippo, Mike Kirtland, and Jed Casteneda. Mr. DeFilippo awarded his New Venture Panel Scholarship to the team pictured above, OneMessageID.

From L to R: Nate Ryan, Lori Howard, David DeFilippo, Mike Kirtland, and Jed Casteneda. Mr. DeFilippo awarded his New Venture Panel Scholarship to the team pictured above, OneMessageID.

One of the many unique aspects of the CSUF Entrepreneurship Bachelor’s Degree and Minor is that each student that earns either of those degrees will be part of a team that develops a business plan and some actually progress far enough to launch their business ideas. It’s an amazing process to witness and the amount of work that these students put into these projects is impressive.

For the last three semesters, David DeFilippo, Regional Vice President at Union Bank, has sponsored a scholarship for the team that has the most promising business. This semester the scholarship went to OneMessageID’s team leader Mike Kirtland (pictured above). We here at the Center for Entrepreneurship heartily thank Mr. DeFilippo for his and his company’s generous support of student-entrepreneurs at Cal State Fullerton. Continue reading

Event: Successful Women and How They Think Differently in Business

Women on Building & Thriving in Business - CSUF Entrepreneurship EventOn January 14, 2015 the Center for Entrepreneurship is proud to host the Critical Mass for Business program as they discuss the topic “Successful Women and How They Think Differently in Business.” Richard Franzi, the CEO for Critical Mass for Business, will moderate a panel comprised of the following people:

John Bradley Jackson (Director, Center for Entrepreneurship)

France Helfer (Entrepreneur & CEO Hal Healthcare, Inc.)

Darcie Harris (Trainer & Speaker for Women Entrepreneurs)

Tomilee Gill (President Executives Unlimited)

Continue reading

Startups + Incubators = Good Sense

Vincent Yancoskie '10 - CSUF EntrepreneurshipFor many startups, joining an incubator can make good sense. Yet, incubators are not all alike; this requires the startup to do some homework and ask some basic questions.

The first question to address is for the startup itself. What type of help does your startup need? Most startups will answer this question saying that they need help finding investor capital. An infusion of cash may well help the fledgling business, but the “ask” of the investor can be a waste of time if the startup is not prepared for the “due diligence” process. Many seed investors have very specific requirements for their prospective startup investments. The list can include proof of concept, intellectual property, a full management team, documented customer development, prototypes, etc. My experience is that few startups have these essentials.

Readiness for funding is a key criterion for the startup looking for funding. The investors also want to see a “pitch” via PowerPoint, an executive summary, a business model canvas, and a business plan. Thus, this is how the incubator can help.

You need to ask the prospective incubator to describe what they do. Some incubators specialize by industry or category such as food, biotech, clean-tech, or even agriculture. Other incubators may be non-profit in nature and may focus on a geographic region with the hopes of local economic development and job creation. Still other incubators may have a decidedly aggressive investment posture with a trade of cash for a significant equity slice.

CSUF’s Startup Incubator is adjacent to the University in downtown Placentia. The Incubator provides promising and coach-able startups access to technical advice, assistance in the hunt for seed capital, a place to meet and work, a large network of veteran entrepreneurs, and expert guidance concerning patents, technology transfer, licensing, royalties, contracts, and new venture formation.

The CSUF Startup Incubator will function as a “hatchery” for innovation; the goal would be to commercialize resident startups within 180 days. Many traditional business incubators coddle new ventures and make money from renting the facility and providing professional services to them. In contrast, the CSUF Startup Incubator will aggressively challenge its residents to “succeed quickly or fail fast.” The Incubator will achieve this through stringent feasibility testing, thorough market research, verified proof of concept, and rigorous beta testing of products and services. An experienced team of content experts, innovators and entrepreneurs will optimize the commercialization process by helping innovators avoid mistakes and lost time.

Are you ready for this challenge? If so, you can learn more at http://business.fullerton.edu/Center/Entrepreneurship/Incubator. Better yet, apply now!

John Bradley Jackson
Director, Center for Entrepreneurship
Professor, Entrepreneurship
jjackson@fullerton.edu

CSUF Entrepreneur Success Story: Brian Cavanaugh ’13

CSUF Entrepreneur Success Story - Brian CavanaughEntering college, I thought I was going to be an Art major with hopes of becoming a graphic designer.  A couple of semesters later, my mind shifted from graphic art to photography, and I set my sights on a potential career in commercial photography. However, during a semester in a photography class, I shared my ambitions with my professor who shared an interesting outlook on my career path. She recommended that rather than studying for a degree in Photography, I should consider majoring in Business, as many artists and photographers are good at their craft, but lack solid business skills. After some thought, I agreed and set my sights on an Entrepreneurship degree from CSUF.

Continue reading

CSUF Students Help Companies Develop Better Leadership Practices

Woman Diligently Working

In the Leadership and Human Resources Student Consulting Program, our goal is to understand the client’s business and then use that understanding along with an objective lens to help address the leadership and HR challenges the client is facing. It is our goal to hear from the client that the student consulting team’s recommendations were on target because the team understood the intricacies and challenges of his business as well as the business owner.

Here is one example of such an engagement. Continue reading