Like football, entrepreneurship is an international language and understanding the rules can help achieve the goals. The University of Cambridge Judge Business School’s Centre for Entrepreneurial Learning (CfEL) will be bringing its experiences, gained from the ‘Cambridge Phenomenon’, to share with others at the Global Entrepreneurship Congress 2013 in Rio 18-21 March.
Dr Joanna Mills is the CfEL Programme Director for the Postgraduate Diploma in Entrepreneurship accredited by the University of Cambridge. Dr Mills comments that Cambridge innovation encompasses many things.
"The rules for Association Football were first drawn up in Cambridge in 1848 and interestingly forbade ‘hacking’! Since then the modern game has gone global and the flair and style of international players such as the Brazilians has added an exciting dimension to the game.
"Sharing ideas and improving on them is key to successful entrepreneurship and creating an environment to facilitate this is one of the other contributions that Cambridge has made to the international community.”
The Cambridge Phenomenon is a phrase used to describe the development of a vibrant cluster of universities, research institutes and high technology businesses. Cambridge has developed a mature entrepreneurial ecosystem over the last 50 years and as a result there are many entrepreneurs at all stages.
Dr Mills says, "We encourage the involvement of these entrepreneurial individuals as contributors to the Postgraduate Diploma in Entrepreneurship as they inspire, stimulate and challenge the students. The course has been designed for entrepreneurs by entrepreneurs.
"A good idea isn’t enough on its own. Students are encouraged to develop their business concept as an entrepreneurial project, where they have to validate the idea and build a financial case that impresses investors. This helps build the skills necessary to assess an idea objectively and to improve on the original concept.”
Peer-to-peer collaboration is an important element of the course and after bonding at the initial residential course students have the mutual support of others around the globe.
Dhakshinamoorthy (Dash) Balakrishnan, a PGDE alumni and has gone on to establish StartupMalaysia.org which has inspired over 1000 Malaysian entrepreneurs. He will be sharing his experiences at the CfEL fringe meeting.
Dash says, " My mission is to help increase the number of fundable start-ups especially in rapidly developing economies. A phenomenon that will stand out in coming years is the rise of the emerging markets. Having said this, I am also aware that the education system in many of these countries is not conducive to the creation of the types of problem solvers and innovators who will become high growth entrepreneurs.
"So programs like the Post-Grad Diploma, I believe will help catalyze the start-up movement in these countries. I have gone through the program and I am convinced that it is not just an academic program but a program aimed at creating successful entrepreneurs.
"The theory enables the entrepreneur to appreciate the need to build a solid foundation for the venture and to build a successful enterprise that creates products people want. The PGDE is a unique program that teaches the individual how to become an expert entrepreneur ”
The 2013 Congress takes place from March 18 – 21, 2013, in Rio de Janeiro, Brazil. It is hosted by Global Entrepreneurship Week, the Kauffman Foundation and Endeavor Brazil and made possible by Dell and NYSE Euronext Foundation.
Speakers include: Doug Rand, Senior Policy Advisor, White House Office of Science and Technology Policy and Esperanza Lasagabaster, Service Line Manager, Innovation and Entrepreneurship, World Bank
The Centre for Entrepreneurial Learning (CfEL) is hosting a fringe event, ‘Is entrepreneurship a contact sport?’ 20 Mar 2013, 19:00-22:00 at PUC University, Auditorio RDC, Predio Rio Data Centro, Rio de Janeiro, Brazil. For further information please go to http://www.cfel.jbs.cam.ac.uk/programmes/diploma/meetus.html#roadshows