In the Spotlight

Founded in part by the Henry W. Bloch School of Business and Public Administration at UMKC, KCSourceLink was the first implementation of the U.S.SourceLink model and served as the incubator for further network development. U.S.SourceLink’s affiliate, AKSourceLink (Alaska SourceLink) just won the top prize at the University Economic Development Association's (UEDA) 2009 Awards of Excellence Competition for Excellence in Partnership Development.

The Kansas City Repertory Theatre won three Pitch “Best Of” 2009 awards:

• Best Theater for Artistic Director, Eric Rosen’s, risk taking productions like Clay and Winesburg, Ohio, for supporting local talent and for maintaining first-rate technical and design standards.
• Best Play for The Glass Menagerie, directed by Obie winner, David Cromer, and praised for the production’s use of art, technology and tough emotional truth.
• Best Director for Kyle Hatley’s versatility on Hamlet, The Death of Cupid and The Borderland

UMKC's IEI Ranked in the Top 25 Entrepreneurial Programs in the Nation

A recent study commissioned by the Greater Kansas City Community Foundation – “Time to Get it Right: A Strategy for Higher Education in Kansas City” – recommended that UMKC build areas of excellence, with the goal of having several programs ranked in the nation’s top 25. Today we are one step closer to achieving that goal.

I’m happy to announce that The Princeton Review ranked UMKC’s Institute for Entrepreneurship and Innovation (IEI) at the Bloch School one of the top 25 entrepreneurial programs in the nation. This places UMKC and the Bloch School in the top tier of entrepreneurial colleges and business schools in the country.

This prestigious ranking is a testament to all of you – students, faculty, staff and supporters – with the vision, talent and commitment to make a good program great. It validates that our cross-disciplinary approach to entrepreneurial and experiential learning is a valuable asset and is positioning our University, students and community for success.

What an incredible accomplishment for our city and for UMKC.

Please join me in celebrating this good news.

For more information go to the Bloch School News Details.

Whiteboard to Boardroom

New educational systems, new medical devices and new forms of drug delivery. Every day faculty, students and staff at UMKC create, build and assess new innovations that have the potential to change the world. It is widely known that universities with large research expenditures, like MIT and Stanford, use robust infrastructures to transfer technologies to the market in the form of licensing agreements and spin out companies. But what can UMKC do to transfer its rich research to the market where it can do public good?

UMKC has a wealth of resources that work to support new business development. The UMKC Innovation Center, through its Small Business and Technology Development Center, specializes in technology commercialization and provides technical assistance to early stage businesses through one-on-one consulting and training and access to early-stage capital. The Bloch School’s Institute for Entrepreneurship and Innovation gives students the skills needed to start and run early-stage companies. UMKC’s Office of Research Services assists faculty in identifying new innovations. At the system level, the University of Missouri is increasing its resources to support technology transfer by adding additional market research and legal expertise to evaluate new ideas.

In addition, UMKC is working within the community to establish Kansas City as a major center for innovation and for building economic growth through the development of entrepreneurial ventures. UMKC’s KCSourceLink connects a network of more than 140 nonprofit organizations across the region including incubators, angel groups and technical assistance providers that support business growth.

Whiteboard to Boardroom (W2B) is a new program that will align and coordinate current internal and external efforts to build businesses from university research. The program joins a partnership of UMKC resources with KU, William Jewell College, Johnson County Community College and local business support groups to explore and develop a technology commercialization process that will maximize the ability of institutions like UMKC to create spin-out companies. The program will start this fall and is expected to generate two to five new companies per year when fully operational. If you would like help starting a business, call the UMKC Innovation Center at 816-235-6063.

-Written by Maria Meyers, Director, UMKC Innovation Center and Network Builder, KCSourceLink

University-Wide Challenge Promotes Student Venture Creation

The Institute for Entrepreneurship and Innovation (IEI) at UMKC’s Bloch School announced the winners of the 2009 Regnier Family Foundation’s Venture Creation Challenge (VCC) on Monday, April 27. Five winning teams were selected from 24 original UMKC student venture creations.

The Venture Creation Challenge is a university-wide competition that encourages student venture creation, and provides tools and opportunities for students to excel as the next generation of entrepreneurs. Michael Song, executive director for the Institute, expects the challenge will eventually lead to the launching of four to eight new businesses per year. Ultimately, the Institute aims to create 100 exceptionally well-trained entrepreneurs and 10 high-growth ventures every year.

Investors, entrepreneurs and business professionals from across the Kansas City area volunteered to judge this year’s student ventures. The winning teams each received a launch package valued at $15,000 to start their business. The launch packages include placement in IEI’s Student Ventures Program incubator track, along with accounting, legal, capital access and other resources to aid in the businesses’ launch.

This year, students from a variety of disciplines participated in the challenge, including students from the Bloch School, the School of Law and the School of Computing and Engineering. The following teams took top honors for their winning venture concepts:

· Banana Basket – a patent-pending appliance that dramatically extends the life of all types of fresh fruit
· Go Say Hi! – a mobile dating service that utilizes advanced global positioning software to alert members to potential meeting opportunities through their mobile phones
· ChefBurger – a fast-casual dining franchise providing high-quality, chef-designed burgers at a reasonable price
· Lovesick Clothing – an apparel company that focuses on casual tops for men and women which carry a subtle Christian-themed message
· Fun Flotations, LLC – a corporation featuring the INFLOTABLE™, a motorized, social watercraft that allows multiple people to sit in one round flotation device

Congratulations to all students who participated in this year’s challenge – for additional coverage please visit: http://www.bloch.umkc.edu/bloch-news-facts/news-details/index.aspx?nid=108

For information regarding the Institute for Entrepreneurship and Innovation’s 2010 Venture Creation Challenge please e-mail venturechallenge@umkc.edu or contact Phil Needles at 816-235-6720.

-Written by Victoria Prater, Senior Information Specialist, Bloch School of Business, and Maurine Kierl, University Communications