The Puerto Rico Chamber of Commerce Birling Capital, BDO Puerto Rico, LLC, and El Nuevo Día present: The Impact of Entrepreneurship on Higher Education Jorge Haddock President University of Puerto Rico #tucamaraenaccion
CAPITAL ADVISORS, LLC Our vision at the University of Puerto Rico: • Entrepreneurial university with the aim of creating social and economic value through a culture of innovation 2 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Entrepreneurship in Higher Education • University Operations • Curriculum Development • Idea Creation to Market 3 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC University Transformation Culture of Responsibility Continuous Improvement Modern Technology 4 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC New Financial Model Academic New Sources of Lean Management Reengineering Income 5 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Entrepreneurship in Higher Education • Curriculum Development 6 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Entrepreneurship at the UPR Río Piedras: • Minor in Entrepreneurship • Master’s Degree in Culture Management Mayagüez: • Bachelor’s Degree in Agribusiness • Minor in Entrepreneurship • The New Venture Development Experience Other campuses • Minor in Entrepreneurship 7 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Entrepreneurship at the UPR (Cont’d) Our students develop skills in: • Leadership and Management • Empathy, Creativity • Critical Thinking • Collaboration and Teamwork Effective Communication • 8 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Selected Courses We have 44 credit courses focused on entrepreneurship • Design Thinking • Customer Discovery & Value Proposition • Prototyping & Pitch • Market Discovery • Path to Market & Business Model Canvas • Intellectual Property Research 9 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Professors from Various Disciplines with Entrepreneurship Training, by University 120 100 UPR INTER SUAGM 80 USC PUCPR EDP 60 POLI Otras Universidades 40 NUC Institutos Tecnológicos Carlo Albizu 20 Interamerican Business Education Center 0 Total Adiestrados 10 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Entrepreneurship in Higher Education • Idea creation to market 11 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC UPR students go through these steps to get from IDEAS to ACTIONS 12 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Current Most campuses have majors and minors, student skills: Situation • Basic Startup Concepts • Metrics for Startups Stage • Creativity • Idea Pivot • Teamwork • Intellectual Property Learning • Leadership • Pitching the Idea • Negotiation • Raising Money • Creation of a Viable Product 13 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Current Students develop skills and experiences Situation so their ideas can become final products. Students are provided with resources and Stage mentorship to refine their ideas and create Create prototypes. 14 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Current Product launch and investor match: Situation We offer our students the following support: • Legal Services Stage • Intellectual Property Protection • Tutoring and Support Launch • Visibility 15 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Examples: Health, “The tent”: For bedridden patients during events such as • earthquakes Devices to store and keep insulin safe for 48 hours • without power 16 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Impactful results: MBQ Pharma cancer treatment • 17 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC BrainHi, a company based on artificial intelligence, was the first Puerto Rican startup to enter the prestigious accelerator “Y Combinator” in Silicon Valley. It received $500,000 in funds. 18 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC INSU Health Design developed a cooling system to preserve and protect medicines for biomedical patients. INSU was selected to participate in the Bravo Family Foundation’s program Rising Entrepreneurs, which provides mentorship por 16 weeks and $30,000 to continue developing the product. 19 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC Historical increase in patents: • In two years, the Office of Intellectual Property and Technology Transfer of the UPR has developed 26 new patents for a total of 98. • These patents have an economic and social impact on the Island. • The new patents are aimed at cancer prevention, sciences and art of scuba diving, and capsules to make agriculture possible on planet Mars. 20 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC 21 P u e r t o R i c o C h a m b e r o f C o m m e r c e
CAPITAL ADVISORS, LLC For more details on the ecosystem www.upr.edu/emprende 22 P u e r t o R i c o C h a m b e r o f C o m m e r c e
THANK YOU! www.camarapr.org #CamaraEnAccion
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