Tag Archives: Entrepreneurship

StartingBlock: Imagine the Opportunity

submitted by Kevin Hoffman; photo by Margaret Murphy

Chandra Miller Fienen 9 5 2018

Chandra Miller Fienen pictured here with club member Charles Tubbs

Chandra Miller Fienen, Director of Operations & Programs at StartingBlock Madison, spoke to Downtown Rotary about what StartingBlock is and how it helps support and foster innovation entrepreneurs.

Recently opened in June 2018, StartingBlock Madison is supported by Madison Gas & Electric, American Family Insurance and the City of Madison.  In collaboration with the University of Wisconsin, StartingBlock Madison seeks to launch early-stage companies by creating a home base for innovation entrepreneurs.  Resources provided include affordable and flexible workspace, speakers on relevant topics, introduction to the startup scene, mentorships, and refining sales and marketing messages.

StartingBlock also helps fledgling companies grow by assisting with finding talent through an onsite recruiter, matching students for internships and paid positions, connecting with professional advisors and mentors, and workshops on financing and operating a business.  There are currently 20 companies, 7 partner organizations, and two venture capital funds involved with StartingBlock.

Innovation is further fostered by showcasing new ideas, collaboration with members of StartingBlock, connecting with investors and advisors, and working with experienced entrepreneurs to bring ideas to reality.

Last, StartingBlock seeks to cultivate a sense of giving back by encouraging supportive practices for employees and the community, staying in Madison once they are successful, and having a positive social conscience and impact.

Summing it all up, StartingBlock Madison’s vision statement is:  Creating intersections that cultivate entrepreneurs, build innovative companies, and drive ideas into reality.

If you missed our meeting, you can watch the video here.

Educating the Next Generation of Entrepreneurs at UW-Madison

–submitted by Mary Borland

olszewski_danielEntrepreneurship is one of the most important drivers of economic and job growth in our state and across the globe. It is also a topic that is of growing interest to today’s college students. On February 15, Dan Olszewski, the Director of the Weinert Center for Entrepreneurship at UW-Madison School of Business, spoke with us about how UW-Madison is one of the leaders in teaching and inspiring students interested in entrepreneurship as a potential career.

Today, people under the age of 30 will have held eight different employment positions! The entire economy has become very dynamic and large and small companies in all industries are looking for employees with an entrepreneurial skill set to drive innovation in their companies. Whether a future student starts up their own company or goes to work for another company, entrepreneurship is important to society for job and wealth creation which leads to a more robust economy and innovation for consumers.

Anyone can become an entrepreneur, though the average age to begin is 40 years old.

The ways entrepreneurship is taught at UW-Madison includes classes, student start-ups (experimental things to sell) and via a link to alumni and practitioners.  For students, it is about action and doing.

Other activities enrolled students participate in include:

  1. Wisconsin Entrepreneurship Showcase – where stories can be shared and inspiration given
  2. Distinguished Entrepreneurs Lunch – where question and answers of an entrepreneur happen
  3. Wisconsin Entrepreneurship Bootcamp – five, 12 hour days for a specific subset of students
  4. WSB Business Plan Competition – students pitch ideas; winner moves on to Governor’s contest

Enrollment in these classes is coming from sections of campus and most from outside the business school. Several graduates locally have gone on to obtain over $50M in venture capital. In approximately 10 years, we will really see the fruits of this teaching with people making this world a better place by solving problems with high energy and optimism!

Rotarians can support these UW students by being event sponsors, providing student scholarships and by encouraging students they know to take these entrepreneurial courses.

 If you missed our meeting this week, you can watch the video here.