State of Innovation & Entrepreneurship at The University of Massachusetts Amherst

Page 6

BERTHIAUME CENTER FOR ENTREPRENEURSHIP

ADVANCING AN ENTREPRENEURIAL MINDSET ACROSS CAMPUS The Berthiaume Center supports innovation and entrepreneurship efforts across campus, in the Pioneer Valley, and throughout the commonwealth.

W

hen chemical engineering student Connor MacFarlane ’23 arrived at UMass Amherst, he had an idea to improve the lives of people who, like him, live with Type 1 diabetes. MacFarlane sat in on one of the weekly boot camps hosted by the Berthiaume Center for Entrepreneurship. Though he was initially hesitant to speak up, the facilitator encouraged him to share his idea for an insulin delivery system and offered advice. Over the months that followed, MacFarlane was connected to resources all around the Pioneer Valley, including the Berthiaume Center’s boot camps and incubator space, the NSF-funded I-Corps @ UMass Program, VentureWell’s E-Team, the nonprofit startup booster FORGE, and the university’s Technology Transfer Office. Berthiaume administrators also put him in touch with the executive-in-residence and a faculty sponsor at the College of Engineering. He ultimately entered and placed in the Berthiaume Center’s 2020 Innovation Challenge, earning over $27,000 in equity-free seed money to take his idea for the Improved Insulin Delivery (IID) device to the next level. “Connor is someone who came in and took advantage of the whole innovation and entrepreneurship ecosystem on and around campus to advance his venture from a simple idea to a stage where he is now working on moving his prototype into manufacturing options in anticipation of acquisition,” said Gregory Thomas,

6

STATE OF ENTREPRENEURSHIP

executive director of the Berthiaume Center for Entrepreneurship. MacFarlane’s story is exemplary of the transformative power of the innovation and entrepreneurship environment cultivated by UMass Amherst and the Berthiaume Center. The center was established in 2014, thanks to a gift from Doug Berthiaume ’71 and his wife, Diana, to the Isenberg School of Management, where its programs support the dean’s priorities for business education, including innovation in teaching and learning, attracting exceptional students, and creating global citizens and inclusive leaders. Berthiaume spent more than two decades leading the Milford, Mass.-based Waters Corporation, a multinational laboratory analytical instrument and software company, after organizing an investor group to purchase the assets of the Waters division from its parent company, Millipore Corporation, in 1994. He found that his willingness to work independently paid off with record growth in sales and profits. “Being an entrepreneur requires taking risks and embracing a broader type of thinking—about costs, marketing, human resources, and so much more,” said Berthiaume. “I wanted to help build opportunities for UMass Amherst students to develop that entrepreneurial spirit and skill set.” His view is widely shared by leaders in corporate America, who prize such skills in their employees.

Connor MacFarlane ’23

“Chancellor Subbaswamy’s vision for the Berthiaume Center is to have it be an umbrella organization, promoting an entrepreneurial mindset in all our students, regardless of their field of study,” said Gregory Thomas. “We know that gaining experience with entrepreneurship early in life helps students develop skills in problem-solving, idea generation, design thinking, and creativity. It teaches them to collaborate effectively with people who approach problems differently, and not to be afraid to reach out to others for help with an idea.” And a university full of people with this mindset—people who say “we can” and “yes, and”—has enormous potential to change the dynamics on campus, generate economic power in the commonwealth, attract investment, and more, Thomas added. In 2014, Birton Cowden was part of the team that started to implement this vision. “How could we leapfrog instead of just trying to copy existing models of top entrepreneurship centers?” said Cowden, who today is assistant professor and research director of the Shore Entrepreneurship Center at Kennesaw State University. The Berthiaume Center is different from other centers at UMass. While housed in Isenberg, its mission aims to promote entrepreneurship across the university, serving faculty, recent alumni, and students of all levels in every school and college. This poses some challenges in gaining buy-in from other parts of the university. The center’s leadership takes a “bottom-up” approach and directly engages students to participate in programming. Cowden recalled a series of Idea Jams—low-stakes pitching and networking events open to students across campus—held during the center’s first year. While only 20 students came to the first event, the number of attendees doubled and then tripled in subsequent sessions. Word of mouth among students led to exponential growth in 2015. In 2016, the center inherited from the Office of Research and Engagement the Innovation Challenge, the multi-stage competition that awards equity-free seed money and coaching to ventures like Connor MacFarlane’s. According to Cowden, incorporating


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.