30 years of diverse and successful activity under the EFER umbrella has provided a rich legacy, and that this is too important for the future of entrepreneurship in Europe and beyond, to simply put aside. This is the motivation for the following presentation.
the
Entrepreneurial Learning Platform Concept Presentation - October 2016 -
the
Entrepreneurial
Learning Platform
Our Vision is to accelerate and scale entrepreneurial practices through higher education ecosystems. We work and connect, at international level, Institutions of Higher Education. Our Mission is to provide a vital Platform that will offer a spectrum of entrepreneurship-support related services and activities to a network of people and HEIs who are connected and immersed in their entrepreneurial ecosystems.
What do we offer concretely? SERVICES Connectivity
Learning
Mobility
ACTIVITIES & PROGRAMS OFFERED T O M E M B E R S O F T H E P L AT F O R M
❖ Members Meetings: between academics within the network. ❖ Information Hub: connecting network members to projects and existing programs of other institutions within the network.
❖ Training Program: one week (EEC model) or shorter 2-3 day workshops. ❖ Newsletter: that provides information about activities and topics of interest. ❖ Exchange Program: facilitate the movement of academics for short visits between ecosystems within the network.
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How does it work?
Individual Investors
Financing
Sponsors
core Operational Team
g rs tin recto a t i ro f D o ard
Delivery
Bo
n (ed etwor uca k of tor Me s a mb nd ers HE Is) INSEAD
HBS
MIT
the
Cambridge
Suport & Credibility
Platform
The Business Model consists of a 3 way financing scheme: ❖ ❖ ❖
Individual Investors: entrepreneurs and philanthropists who individually support the Platform Sponsors: companies and foundations who financially support the platform or individual activities and projects Members: members of the platform contribute though a membership system (Individual or Institutional).
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Roles and Responsibilities Core Team ❖ max 2-3 people; ❖ handles all of the day to day operational work of the platform; ❖ manages communication with all other stakeholders; ❖ plans and excuses all activities related to the services offered.
Board of Directors (rotating chair) ❖ small active team with a max of 4 members; ❖ the chair would rotate and that would be the person working directly with the team; ❖ decides on strategic directions of the Platform; ❖ contributes to the growth of the platform and it’s reach.
Platform Members (individual academics or Institutions) ❖ benefit from all services and activities that the platform has to offer ❖ they interact and get involved in all or part of the program offered though the platform; ❖ they engage and contribute to the growth of the platform and it’s reach.
Individual Investors ❖ entrepreneurs and philanthropists who individually support the Platform through finical support and their network or their resources.
Sponsors ❖ companies and foundations who financially support the platform and/ or individual activities and projects.
Top University Supporters ❖ support from Ivy League Universities that can give credibility to the programs and activities of the Platform
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Proposed Budget per year Category
Units
Costs
FIXED COSTS
Total 166.520 €
- Salary - Staff
12
10.000 €
120.000 €
- Operational Costs - Staff
12
1.000 €
12.000 € 34.520 €
- Other costs - Auditor
1
2.400 €
2.400 €
- Accountant
12
1.000 €
12.000 €
- Bank Fees
12
60 €
720 €
- Website
1
2.000 €
2.000 €
- Office rent
12
450 €
5.400 €
- Other
12
1.000 €
12.000 €
114.000 €
PROGRAM COSTS - Training Program
1
100.000 €
100.000 €
- Members Meeting
2
2.000 €
4.000 €
- Exchange Program
5
2.000 €
10.000 €
FIXED REVENUES
192.500 € 42.500 €
- Membership Contribution - Individual
70
250 €
17.500 €
- Institutional
10
2.500 €
25.000 €
- Individual Investors
10
10.000 €
100.000 €
- Sponsorships
1
50.000 €
50.000 €
PROGRAM REVENUES
104.000 €
- Training Program
1
100.000 €
100.000 €
- Members Meetings
2
2.000 €
4.000 €
Total Costs
12
23.377 €
280.520 €
Total Revenue
12
24.708 €
296.500 €
BALACE
15.980 €
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Next steps and actions to take by March 2017
6
0.
Open new NGO under new name and concept. ❖ possible locations of new organisation: Netherlands, Germany
1.
Form core team and the Board of Advisors. ❖ recommended 2-3 people in the core team ❖ max of 3-4 Board Members that are rotating managerial roles
2.
Planning. ❖ finalises planning process for 3 years ❖ agree on projects and events to be delivered ❖ agree on resources and budgets
3.
Get support and recognition. ❖ enrol the support of top HEI in the world that EFER has worked with and that are willing to support this new initiative
4.
Secure initial funding. ❖ 10 Individual Investors to commit to 10.000 Euro / year for the next 3 years
5.
Activate network. ❖ Inform EFER Alumni about the closing of EFER and the opening of the new NGO ❖ activate membership agreements between the new platform and the members of the network
6.
Secure Corporate funding. ❖ initiate and consolidate partnership with EY for the upcoming projects
7.
Delivery of Services. ❖ present plan to stakeholders ❖ last feedback ❖ start implementing of plan