Global Entrepreneurship Program
About the Program
The Global Entrepreneurship Program is run jointly by emlyon business school (Europe) and Zhejiang University (Asia) in collaboration with Pace University (USA), who together form a partnership of international business schools recognized as experts in Global Entrepreneurship.
Combining the world’s best entrepreneurial teaching with three diverse global markets, the Global Entrepreneurship Program prepares students to become successful entrepreneurs in a global context. Students will immerse themselves into a cultural experience far beyond pure academic studies as they live and work with students from around the globe. And, most importantly, on each continent they will work on a semester-long consulting project for companies with students from other countries, reinforcing teamwork on a global level and helping them acquire practical experience in addition to academic knowledge. At the end of the program students will also benefit from a 4 to 6 month internship.
The caliber of students include; intrapreneurs at heart wanting to develop new business projects within existing companies, entrepreneurs with the ambition to build their own start-up company, and professionals who want to evolve within their family business.
About the Courses
The graduate Entrepreneurial Implementation course is a unique experience for students who want to actively engage in the process of starting a business. This course is designed to offer students an applied entrepreneurship experience in a supportive environment. Class meetings will focus on understanding and evaluating the process of launching a new venture by actually implementing some aspect of a new business in the market. In addition to formal lectures, presentations and other interactions with the professor, students will actively engage each other, interact with potential customers, and learn from entrepreneurs and practicing professionals in the field of entrepreneurship.
The Entrepreneurial Implementation course will include a mixture of formal lectures on key subjects, covering both theory and practice; a variety of guest speakers; focused workshops; individual hands-on mentoring; collaborative work on projects in the Entrepreneurship Lab; group discussions and peer review; as well as field trips to relevant sites and/or activities.
Students will gain a real understanding of what is required to actually launch a new venture and an appreciation of the genuine challenges faced in such an undertaking. The course takes a holistic approach by providing a comprehensive, multi-disciplinary, integrated, and experiential program where students have the opportunity to acquire critical knowledge, skills, and abilities. Ultimately, it will provide an environment where students can safely experiment with their venture concept, allowing for both successes and failures without the consequences they would otherwise face in real world scenarios. By developing analytical skills and risk-management behaviors, students will be better equipped to successfully pursue sound entrepreneurial opportunities. This course is designed to enhance these critical competencies:
- Entrepreneurial opportunity identification and analysis
- Pro forma financial statement preparation
- Project management procedures
- The lean startup methodology
- Market validation techniques
- Structuring a new business entity
- Deal negotiations and contract specifications
- Guerilla marketing practices
- Selling and sales management
The Entrepreneurship Practicum is designed to directly connect international students with the vibrant New York City entrepreneurial ecosystem through dynamic experiences and practical exercises.
The Entrepreneurship Practicum course will include a mixture of formal classroom lectures on key topics; full access to the Entrepreneurship Lab and its resources; a field trip to a Silicon Alley venture, and/or incubator, accelerator, shared workspace; roundtable discussion with a local entrepreneur, VC/angel, lawyer, government official; as well as attending a public entrepreneurship event.
The course will cover four broad topic areas which include:
- Research- Prepare an in-depth research report on a critical aspect of your business concept from the Entrepreneurial Implementation course that is directly connected to doing business in the New York metropolitan region.
- Resources- Compile information of the myriad of resources in the NYC entrepreneurial ecosystem that could be of value to your Entrepreneurial Implementation business concept.
- Record- Produce a video interview with a prominent local entrepreneur related to your Entrepreneurial Implementation business concept.
- Reflect- Create a reflection of the entrepreneurial journey in the form of a multimedia blog which should be an honest assessment of the challenges and rewards experienced and how entrepreneurship fits with your personality, aligns with your passion, meets your professional goals, and satisfies your family's and broader social expectations.
For more information visit: http://graduate.em-lyon.com/en/Global-Entrepreneurship-Program
Bruce Bachenheimer is a Clinical Professor of Management and the Executive Director of the Entrepreneurship Lab at Pace University. He is also the organizer of the annual Pace Pitch Contest and Business Plan Competition. Mr. Bachenheimer is an Emeritus Board Member and past Chair of the New York City Chapter of the MIT Enterprise Forum and served on the organization’s Global Board. He has been widely quoted in a variety of domestic and international publications, interviewed on radio and television and has spoken on entrepreneurship at numerous organizations, including the Youth Assembly at the United Nations and the U.S. Department of State’s International Visitor Leadership Program.
Mr. Bachenheimer began his career in investment banking and has worked for global corporations and new ventures. He has conducted business in over two dozen countries and was the Founder of Annapolis Maritime Corp. and the Co-Founder of StockCentral Australia. He holds a BBA, Summa Cum Laude, from Pace University and received the McKinsey & Company Leadership Scholarship to pursue an MBA degree, which he earned from the Australian Graduate School of Management.
2017 Guest Speaker & Panelist Companies
|Tokunbo Anifalalaje, Director of Business Engagement, Brooklyn Navy Yard (Speaker, August 15th)||Anastasia Cole Plakias, Vice President & Founding Partner, Brooklyn Grange (Speaker, August 15th)||Richard Cosgrove, Co-Founder & CEO, Oval Digital, Inc (Speaker, July 25th & Panelist, August 3rd & August 29th)|
|Anselm Doering, CEO, EcoLogic Solutions (Speaker, August 15th)||Andrew Gustafson, Vice President, Turnstile Tours (Speaker, August 15th)||John Harrison, Founder, Mug Clubs (Speaker, July 25th & Panelist, August 3rd)|
|Andrew Kimball, CEO, Industry City (Speaker, July 24th)||Josh Knight, COO, EcoLogic Solutions (Speaker, August 15th)||Matt Lovett, Founder & CEO, Oz Content
(Panelist, August 3rd)
|Shiv Madan, Co-Founder and CEO,
(Panelist, August 29th)
|Rumit Mehta, Founder, Immersion Journeys
(Speaker, August 17th & Panelist, August 3rd & August 29th)
|Ian Scott, Managing Director, Scott Legal, P.C.
(Speaker, July 31st)
|David Sederholt, Senior Advisor, Strategic Funding Source (Speaker, August 24th &
Panelist, August 29th)
|Robert Steiner, Co-Founder, Roboto.NYC (Speaker, August 15th)||Cindy VandenBosch, Founder, Turnstile Tours (Speaker, August 15th)|
|Robert Walsh, Executive Director, HELP USA Fund (Speaker, July 27th)|
About the Guest Speakers and Panelists
Students will have the privilege of hearing from six seasoned entrepreneurs, industry experts and professional investors in the New York City community, who will share stories on their entrepreneurial journeys and ventures, and provide valuable advice on how to become a successful entrepreneur. Distinguished guest speakers will include:
- Andrew Kimball- July 24th, 2017
- Richard Cosgrove- July 25th, 2017
- John Harrison- July 25th, 2017
- Robert Walsh- July 27th, 2017
- Ian Scott- July 31st, 2017
- Tokunbo Anifalalaje- August 15th, 2017
- Andrew Gustafson- August 15th, 2017
- Cindy VandenBosch- August 15th, 2017
- Anastasia Cole Plakias- August 15th, 2017
- Anselm Doering- August 15th, 2017
- Josh Knight- August 15th, 2017
- Robert Steiner- August 15th, 2017
- Rumit Mehta- August 17th, 2017
- David Sederholt- August 24th, 2017
In addition to guest speakers, students will be required to formally present their business concept, Implementation Plan and Market Validation Report to an external panel of entrepreneurship professionals (seasoned entrepreneurs, industry experts and professional investors). The panelists will provide students with open feedback and privately provide the instructor with an overall assessment of the student presentations. Panelists include:
- Richard Cosgrove
- John Harrison
- Matt Lovett
- Shiv Madan
- Rumit Mehta
- David Sederholt
About the Final Presentations
On Thursday, August 3rd, and Tuesday, August 29th, 2017 from 10:30 a.m. to 12:30 p.m., students will formally present their business concept, Implementation Plan and Market Validation Report to an external panel of seasoned entrepreneurs, industry experts and professional investors.
Bruce Bachenheimer, Director of the Entrepreneurship Lab and Clinical Professor of Management at Pace’s Lubin School of Business, will determine a grade for the assignment in consultation with the panel. A majority of the Panel must rate the student’s presentation ‘Satisfactory’ in order to pass. All presentations will be approximately 6 – 9 minutes in length and panel members will be asked to provide students with open feedback and to privately provide the instructor with an overall assessment.
Event Location: One Pace Plaza, Room W-514, New York, NY 10038.
About the Site Visits
To further enhance the student’s experience, they will take part in two site visits in Brooklyn; Industry City on July, 24th and Brooklyn Navy Yard on August, 15th 2017.
Industry City is an innovation ecosystem that serves to benefit its tenants and the wider community. Its 35 acres is located on the waterfront in Sunset Park, Brooklyn. The economic spectrum spans from manufacturing to design, art to architecture, biotech to clean-tech, media to film production, and fashion to food. Industry City collaborates with over 400 companies in six million square feet of classic industrial architecture and 21st century amenities. Encompassing over five acres of open space and courtyards, provides its tenants with beautiful views and fresh air for fresh perspectives.
Brooklyn Navy Yard was founded in 1801, and today is a 300-acre industrial park, on the Brooklyn waterfront. It is now home to over 300 industrial businesses employing nearly 7,000 people. The Brooklyn Navy Yard is filled with history, it was once the site of the nation’s most storied naval shipbuilding facilities. The Yard is filled with a promising future, it houses industrial sectors with viable long-term futures in the City including commercial artists, artisans, and woodworkers serving the City’s cultural institutions and housing markets; entertainment, film and media; high end designers combined with on-site manufacturing; maritime ship repair; and warehouse distribution.