Update from the Gary S. Holmes
Center of Entrepreneurship

October 2010
HCE LogoGreetings!

The mantra of the Holmes Center for Entrepreneurship is to inspire and educate the next generation of entrepreneurs.  We encourage you to get involved and join the 250+ members of the Twin Cities' entrepreneurial business community participating in our classes, clubs and outreach programs.  We hope you enjoy the brief updates below on our researchers students, alumni and programs. 
Entrepreneurship Students Commercialize U of M Technology into Clean Water Business

Two undergraduateNewWater students developed a new business idea     in a Carlson School entrepreneurship class and are launching      a venture to commercialize University of Minnesota technology.  See video and MinnPost.com Article
Minnesota Cup 2010 RecapMN Cup

EarthClean Extinguishes Competition for Grand Prize

Fire retardant innovator EarthClean Corp. won the $40,000 grand prize at the 2010 Minnesota Cup final awards reception, edging the other five divisional winners.  The company's environmentally friendly product enables their mission to "change the way the world fights fires".  Press Release
Flagg Named Entrepreneur of Year

Steve Flagg, founder of Quality Bicycle Products, received the University of Minnesota's Entrepreneur of the Year Award.  Flagg rode his bike to campus to share his values-based leadership principles with attendees at the Minnesota Cup final awards reception.  Full Article

Arrowhead Growth Alliance and    Carlson Foundation Fund Expansion

Since its launch in 2005, the Minnesota Cup has inspired and supported more than 5,000 participants to pursue their breakthrough business idea.  In 2010, two new lead sponsors enlisted their support to expand this unique competition to support more entrepreneurs to drive job growth across Minnesota.  More about the Minnesota Cup.
       Auth Conducts Diligence on Seed Capital Recipients
Auth LuncheonTom Auth ('69 MBA) met with six student recipients of the Auth Entrepreneur Seed Capital Fund to see their progress with the businesses they launched through the Holmes Center business hatchery program.
More on hatchery program.
Sapienza Entrepreneurship Faculty Recognized

Harry Sapienza was selected as 21st Century Entrepreneurship Research Fellow, by the Global Consortium of Entrepreneurship Centers.  Harry also won American Association of Marketing's 2010 Gerald E. Hills Best Paper Award for his paper on "The role of contractual governance flexibility in realizing the outcomes of key customer relationships", co-authored with Helena Yli-Renko and Erkko Autio.  

Carla Pavone (PhD '08) was named 'Best Reviewer in 2010'  by the Entrepreneurship Division of the Academy of Management.   Carla Pavone also won the distinguished "Certificate of Distinction" as the runner-up Heizer Best Dissertation award for her dissertation, "Opportunity Re-evaluation: How risk dimensions influence post-investment venture capital decisions".
Entrepreneurship Summer Bootcamp Welcomes Minneapolis High School Students to Carlson School

JEM Students

The second annual Junior Entrepreneurs of Minnesota program welcomed 30 Minneapolis high school students to the Carlson School this summer.  Students spent five weeks on campus developing new business ideas, touring local businesses and hearing from legendary Minnesota entrepreneurs.  The students also built a community garden at the St. Olaf Church and Nursing Home in north Minneapolis.   This program is a partnership between the University's Office for Business and Community Economic Development and the Holmes Center for Entrepreneurship.
Startup Weekend TC

Students, alumni and local technology entrepreneurs will gather at the Carlson School on November 19-21 to conceive, develop and launch new businesses.  Register here.
Alumni Entrepreneurs in the News

Click below to see recent news coverage of Carlson School alumni entrepreneurs.

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Fast Facts 2010

4th Largest Major
10 MBA Courses
9 Undergraduate Courses
1,331 Enrollment
18 Interns
27 Mentors
18 Entrepreneurs in Residence
10 Businesses Formed
95 Student Entrepreneurs Advised
13 Articles Published
29 Papers Presented
5 Research Awards
2008, 2009
Honorable Mention in Princeton Review Rankings
Holmes Center Advisory Board

Robert Buuck
Judy Corson
Gary Holmes
Tim Kraskey
Joy Lindsay
Dan Mallin
Prof. Harry Sapienza
Prof. Myles Shaver
Lloyd Sigel
John Stavig
Roy Wetterstrom
Prof. Shaker Zahra
Thank You
Holmes Center Benefactors

Floyd  Adelman
Anonymous Alumnus
Selemon Asfaw
Tom Auth
Jesse Bergland
Norman Bjornnes
Robert Buuck
Buuck Foundation
Laura Carter
Judy Corson
Deluxe Corp. Foundation
Tim & Val Doherty
Geoff Dutton
John Fesler
David Frauenshuh
Harold Goldfine
Heath Foundation
Merle Hilliard
Gary Holmes
Pat Hopf
Hubbard Foundation
Ann & Robert Jackson
Anna & Eugene Karpas
Steve Klick
Tim Kraskey
Joy Lindsay
Gerald Magnuson
Chris Mayr
Spence Morley
Rachel Nearhood
Mark Paper
Gary Rappaport
Richard Foundation
Dave Ring
Harold Roitenberg
Mike Sill
Robert Simon
State Farm Insurance
John Stavig
Roy Wetterstrom
Jeffrey Wirth
Thank You
MN Cup Mentors

Kenan Aksoz
David Bagley
Josh Baltzell
Clark Becker
Robert Befidi, Jr.
John Bergstrom
Mary Pat Blake
Rick Brimacomb
Ed Cannon
Joel Cannon
Nicholas Clementi
Gary Cohen
Judy Corson
Tony Crisman
Greg Frankenfield
Dan Grigsby
Gary Halleen
Franz Hofmeister
Aaron Keller
Linda Hall Keller
Anne Kelly
Don Keysser
Steve King
Brian Kovalchuk
Tim Kraskey
Ruth Lane
Steve Mase
Spence Morley
Prakash Puram
Ron Reimann
Dave Ring
Jeffrey Robinson
Brett Shockley
Rajiv Tandon
Jim Thomas
Roy Wetterstrom
Michael Wright
Harvey Mackay, Steven Schussler to Speak to Carlson Students

Nationally acclaimed entrepreneurs and authors will be speaking to Carlson School students in October.

Best-selling author Harvey Mackay ('54 CLA) will share his job search secrets in his talk on "Preparing for the Perpetual Job  Search" on October 6th.

Restaurant entrepreneur Steven Schussler and creator of the Rainforest Cafe, T-Rex and other innovative concepts will kick off  the 2010-11 mentor program on October 27th with of few of his outlandish stories of entrepreneurship from his new book "It's a Jungle in There".
Upcoming Entrepreneurship Events @ Carlson

Harvey Mackay - October 6th @ Noon (3M Auditorium)
SMO Doctoral Alumni Research Conference - October 15-17th
Start Me Up! Panel - October 26th @ 4-6 PM
Steven Schussler - October 27th @ Noon (3M Auditorium)
Navarre Corporation Tour with Chairman Eric Paulson - November 5th
Startup Weekend - November 19-21st
3M Seminar on Technology Commercialization in Healthcare- November 20th

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John Stavig
Professional Director