0:01
High and welcome to our online information session for
the University of Maryland's Master of Technology Entrepreneurship.
I'm James Green, I'm the director of the program.
I also teach within the program.
And we have a lineup to share with you a little bit of the background
of the details and some of the next steps to engage in the masters program.
0:22
To start with, why a master of technology entrepreneurship?
We think it's certainly a timely time for a degree, and a timely time for
an online degree of this topic.
One, it's certainly a revolutionary era in education and venture creation.
Within education at the University of Maryland we've been teaching
entrepreneurship for about 15 years out of my department.
But we also have been engaged in venture creation, and incubation of startup
companies, and technology startup companies for about 25 years.
But what we're seeing now through technology and other resources, and
just the general cost of doing business dropping,
that new opportunities are emerging, that we can do new things in new ways.
And that we can effectively connect with students worldwide,
leveraging a technology platform.
We also see that with this masters you can increase your knowledge and
your global relationships.
A key reason that we're offering the course and
the programs exclusively online are those global relationships.
We believe that there's great value in being in a classroom here in College Park,
Maryland with other individuals from different backgrounds and nationalities.
But we argue there may be even greater value of doing that online.
Where you're in a classroom and you have students that are from the US and
Africa, and Europe, and Asia.
1:40
And simultaneously living and working in regions around the world.
We think it's a great platform for being able to connect with prospective advisors,
partners, as well as potential co-founders.
We also see the degree as offering great career marketability and mobility.
Our expectation is that many of our students will launch new companies
as a result of the experience in the program.
Or may already be working in technology startup ventures and
are looking to improve and enhance their success via the program.
Others may further their knowledge and their experience by going into
a corporate setting or government setting and non-profit arenas, etc.
And so, we see the skills that we're building here are equally relevant in
those arenas.
And it's a further point of differentiation versus some of the other
masters programs that are out there.
2:27
When we look at what we have to offer I think our number
one resource is our faculty.
And we're bringing faculty in that have real startup experience, as well as
the experience and the credentials to teach at the graduate level.
So we're looking to bring you a blend of individuals that are not purely academics,
that are not purely researchers, that have never done a startup.
We're looking to do both so add people and have that startup experience as well.
And to have a rich and robust team of faculties and advisors for you.
We also have a great online platform for learning.
We actually have had a minor in technological entrepreneurship available
online for our students at the College Park for the last five years.
We also teach widely with Coursera and the MOOC movement,
and are bringing some of those best practices into our classroom as well.
So with that, we've got both the knowledge and the know-how and
the tools and the resources, to deliver a great online experience.
3:22
Support and
resources is something that is further going to differentiate our program.
And that's where we begin to bring in some element of online incubation.
So in addition to the faculty, we're going to have a team of entrepreneurs and
residents and
experts that are going to be available to assist students in a just-in-time format.
Such that if you have a marketing or finance issue in your first or
second term in the program, you don't have to wait months to get an answer.
We have the expectation.
And we believe the obligation to help students and
develop their new venture ideas as they need them to happen.
And not purely based on our calendar, so that we can use some real-time and
just-in-time coaching and mentoring on startup concepts.
4:07
While our masters program is relatively new, launched in 2014, it's built upon
work we've been doing in technology entrepreneurship since the 1990s.
We were recently rated as the number one public university in technology
entrepreneurship.
And have been selected by a Princeton Review and
Entrepreneur Magazine as one of the top ten colleges in America for entrepreneurs.
Our campus is located approximately four miles from Washington, DC, and
serves over 37,000 students per year.
Some of our alumni have gone on to create some incredible companies,
including Google, Under Armour, and others.
4:43
The learning model for our program is definitely hands-on.
We really want students to work on projects and
ideas that are interesting and relevant for them.
There's the opportunity to do that in one of three ways
through the curriculum that we offer.
Students can work on their own ideas of how to translate a product or
a service into a real business.
5:24
Our global classroom is comprised of learners from many different backgrounds.
Approximately 40% are from business by way of education or experience.
40% of them in science and engineering.
And 20% are from the arts and humanities.
We are truly a global classroom in that approximately a third of our
students reside and complete their coursework from outside of the US.
5:48
We're an experienced group of students with an average age of 38.
Approximately 40% hold advanced degrees prior to entering the program, so
we do have a number of students that come in with MBAs or
masters in other specific fields.
Occasionally, we'll have MDs and attorneys as well.
6:07
And the average years of experience post their undergraduate years is 14.
Our courses are unique in that they're built by entrepreneurs.
And what we mean by that is that all of our faculty are entrepreneurs themselves.
And have started companies, and advised companies, and invested in companies.
And played a central role in developing a curriculum that tracks the chronology of
launching a new venture.
In term I, we focus on the entrepreneur and
ideation, either in developing a new idea or validating an existing idea.
In term II, we move into looking at the product and the customer.
In term III, we focus on design and marketing.
In term IV, we look at financial and legal aspects of new venturing.
And then in term V, we have a capstone experience whereby students can develop
and launch their venture.
Each of our terms run for 12 weeks.
And there is approximately a 1 to 2 week break between each term,
enabling students to complete the program within 15 months.
7:09
Our weekly learning experience is comprised of five key elements.
There is a welcome announcement that's emailed out to welcome students to
the week and orient them to what to expect, some of the key learnings and
the techniques and models that will be explored.
Their readings, they may be textbook, they may be articles,
it's a blend of theory and practice.
So, we do focus on some seminal works to have a good grounding in key principles.
But we'll also look at a lot of contemporary pieces, from Fortune or
Forbes or Fast Company or Wired or Ted Talks or other things.
That will add a very contemporary orientation of what we do and
make it very action and practice oriented.
7:49
The video lectures are provided by our faculty to explore some key points.
Online collaboration is available to students.
While our program is asynchronous by design, meaning there is not a set day or
time that you have to be online to complete the course work.
There are collaboration opportunities whereby via discussion forums, or online
chat, or video conferences, that students may connect with one another as they wish.
8:14
And our faculty engagement, is a key piece of the course.
Within our Coursera courses, we may serve 20,000 students in a course.
Within our masters program, our typical class size is about 30 students to 1.
So, in that context, there is a lot of opportunity to engage with faculty.
To do online office hour,
to do online coaching sessions and to have the level of rapport that you want to have
in more of a traditional face-to-face environment with faculty.
8:43
Our online learning management system is with Canvas.
And with Canvas, this is a sample of what you would see in a week,
of a welcome to the week.
What are some key element and objectives for that week?
What is the playback of the week in the context of reading,
lectures, assignment, models and techniques?
And then the video lecture components are predominately greenscreen videos.
If you have seen any of our work with Coursera, it will appear similar in part.
But both the depth that we go into with each topic,
as well as the breadth of topic that we will explore in the masters program,
is significantly beyond that of Coursera.
9:25
And the video conferences, we have periodically with our students.
We may do come large sessions that are more of an informal happy hour meet and
greet type session.
We will then do some smaller sessions,
perhaps one to three with students on different group related topics.
And we also do a lot of one-on-one sessions with students since we're talking
with them about their individual venture pursuits.
9:51
A large part of our role as faculty is to be a bridge to
relationships that can be an asset to our students.
So, our faculty spend a lot of time looking at their Rolodex, or
in modern terms, their LinkedIn profiles to find prospective customers or
partners or experts or lenders or investors for our students.
And in that way, we try and
enable them from more of a coaching aspect rather than just purely a faculty aspect.
10:20
Since launching our program in fall of 2014,
we graduated 33 alumni in December of 2015.
These alumni have gone on to do some great things including creating startups,
joining startups and being innovation leaders within large companies.
10:46
So in summary, we've given you a little bit of a snapshot of our program,
our faculty, our courses,
our student profiles, as well as some financial options.
So, the online application is available and live.
We invite you to that.
If you've been accepted, we invite you to enroll in our class for August.
And also, all of our students are certainly invited for our graduation.
When the time comes, approximately 15 months from start.
And we invite you and encourage you to apply.
Thank you.