Programs Nurture Entrepreneurial Efforts
Entrepreneurship and innovation are core drivers of sustainable growth in a country. And a thriving entrepreneurial culture is supported by the right mix of education, investment, and infrastructure. That’s why Intel, building on its heritage of innovation, collaborates with governments, educators, NGOs, and industry to help build capacity in these areas.
Two key programs that enhance entrepreneurship and innovation skills among young students, educators, and communities around the globe are the Intel Youth Enterprise Program and the Intel Global Challenge.
Promoting Entrepreneurship via Global Competitions
The Intel Global Challenge, a collaboration with University of California Berkeley, promotes entrepreneurship predominantly in developing countries. The competition, held annually at the Haas School of Business, hosts teams from around the world and showcases business opportunities that have the greatest potential for a positive impact on society through the deployment of new and innovative technologies.
It is an opportunity to access practical resources and gain exposure to venture capitalists, governments, NGOs, and universities.
In 2012, the Intel Foundation awarded $100,000 in prizes for Intel Global Challenge winners: $50,000 for first prize, $20,000 for second, $10,000 for third, and several $5,000 special awards. Find out about the success of some of the past winners in the Global Innovation and Entrepreneurship Showcase. Or learn about winners in 2009, 2010, or 2011.
Regional competitions enable hundreds of students to showcase their ideas and innovations. The winning entries from these Intel entrepreneurship programs and regional challenges then get to go to Berkeley for the final Intel Global Challenge event:
NOVATech Competition (Central & Eastern Europe)
ASTEM Student Technology Prototype Competition (Japan)
For information, review the information in your region. To enter the competition, teams can apply through a regional online competition, a partner competition or with the sponsorship of a partner institution. If questions, contact Intel Higher Education.
Developing Ideation and Innovation Skills
The Intel Youth Enterprise Program focuses on developing ideation and innovation skills among students by giving them an opportunity to work on a real social challenge that will enhance the livelihood of underserved youth in their respective countries.
The program’s five modules are aimed at high school and undergraduate students with good technical skills. High school students work through the first three stages—Imagine, Technology, and Ideation—after which they showcase their solution to a panel of experts.
Undergraduate students undergo the same initial process as the high school kids, but are given an additional opportunity to work with an NGO to deploy their solutions. On finding a match with an NGO, they work with the target community to train them on their solutions and give them basic entrepreneurship training. Finally, the students showcase their solutions to a panel of experts and demonstrate measurable impact.
The program offers resources created to help grow the entrepreneurial spirit:
Living Lab: This “livelihood generation system” integrates technology and business processes in a modular package to accelerate growth in entrepreneurialism.
E-Basics Starter Toolkit: The Entrepreneurship Basics (E-Basics) Student Version is an online, self-paced, training which covers the fundamental concepts associated with initiating, running, and developing an enterprise.
The Jordan Carpet Enterprise case study and worksheets: Set in a local context, this case study helps students apply the concepts learned in the E-Basics course.
Innovation Camp: How much do students enjoy this two day workshop where they learn to ideate, innovate, and imagine social entrepreneurship by creating solutions to identified problems? Would they recommend it to others? Both questions received a 4.9 on a 5 point scale (where 1 meant “Least/Worst” and 5 meant “Best/Most”) after a recent camp at NASA Research Park in the San Francisco Bay area.
Providing Entrepreneurial Resources
Entrepreneurism is a subject that is not always taught in-depth at universities nor understood by policy makers. So Intel has collaborated with UC Berkeley’s Haas School of Business and other affiliates to develop curriculum. To enable professors to better teach entrepreneurism, workshops are available. And to provide government officials and policy makers the background they need, there is a week-long symposium. Here are the specifics:
UC Berkeley entrepreneurship curriculum: These materials, developed by faculty at the Lester Center for Entrepreneurship and Innovation, are intended to be a full year academic program.
Theories to Practice seminars and curriculum: This immersive workshop for individuals actively involved in entrepreneurship education is an attempt to jump start academic entrepreneurial programs at universities.
Global Entrepreneurship Leadership Symposium (GELS): A bi-annual week-long event, the symposium presents the principals and practices of entrepreneurship and innovation in the context of an intellectual framework suitable for government officials, program managers, and public policy leaders.
GELS community: Find content and peer interaction related to the GELS event.
Venturing into the Real World
Many of the students who participate in our entrepreneurship programs and contests go on to launch successful businesses based upon the technologies or products they’ve invented. The entrepreneurial concepts they’ve learned enable them to go on to become innovative leaders in their countries.
Here are a few examples:
In 2009, CaptchaAd, a team from the Technical University Munich in Germany won the second place Intel Global Challenge award. They were the world's first company to combine enhanced SPAM protection, interactive video advertising, and a more conscious perception of advertising by the user. Today CaptchaAd is a marketer for online video advertising.
Third place in 2009 went to Zimplistic, a team from the National University of Singapore, which automates the production of rotis, a staple diet of 800 million Indians eating 2.4 billion rotis everyday.
A 2010 winner, Magoosh from the Haas School of Business, UC Berkeley, is disrupting the three billion dollar test preparation market with personalized test preparation delivered through videos on any device.
ADTELLIGENCE from the University of Mannheim, Germany, provides the leading advertising targeting platform for the social web.
Read more stores about how Intel entrepreneurship contest winners have successfully ventured into the real world in the Global Innovation and Entrepreneurship Showcase.