Institute for Innovation and Entrepreneurship 2020 Annual Report

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2.1 Growth Compass In 2017 Associate Director, Dr. Simon Raby, published a report titled “What Drives SME Growth: Introducing the Leader’s Growth Mindset” bit.ly/2QrTbbf. This seminal report revealed insights to the growth challenge facing Alberta businesses and the roles that leaders need to champion to catalyze high growth. Only 7% of Alberta business leaders were found to be employing a Leaders Growth Mindset bit.ly/34wIFrg. From this research Growth Compass was launched; a community-engaged learning and scholarship initiative that delivers evidence-based insights and intelligence on how companies successfully scale. Growth Compass collaborates with experts and engages students to deliver scholarly and industry outcomes. To learn more visit: growthcompass.org Impact: 117 76 students community engaged leaders engaged

11 business leaders engaged

2 visiting scholars

6 6 scholarly community publications and events presentations

Innovation Accelerator This year, as part of Mount Royal’s concentration in innovation and entrepreneurship, a new credit course, Corporate Innovation and Entrepreneurship was launched. This course is a work-integrated learning experience and runs in parallel with the Growth Compass Innovation Accelerator. “The Innovation Accelerator was the perfect catalyst for us during this time. By pivoting, we have sold $250,000 in PPE, such as sneeze guards/partitions and floor decals. We have also moved our full business online. What we learned in the program was invaluable” - Brain Kroeker, President, Little Rock Printing

“Thanks again for facilitating the innovation accelerator – our company learnt A LOT and we really enjoyed our time in class!” - Frances Teves, Digital Marketer, Virtuoso Energy

18 senior entrepreneurship students worked with 6 companies dedicated to seeking out new growth opportunities for their organizations. “This ENTR course is probably the best class that I have taken in my university career. In this class you work with real companies to go through the innovation cycle from dilation to sales.The impact that you have with companies is real and changing, I felt this was a great class to sum up my entrepreneurship journey at Mount Royal.” - Anonymous ENTR Student


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