When Dr. Jean Wilcox first envisioned her Entrepreneurial Marketing course, it started with a piece of currency.
It was January 2010 when Wilcox divided her students into 10 groups, and presented each group with a $10 bill out of her own pocket. The goal? The students were tasked with multiplying their modest seed money by a factor of 10, to be donated to various charities, non-profits, foundations, and community organizations.
Seven years later, the impact of Wilcox’s course at Temple University’s Fox School of Business has left her in awe.
“The best comment I’ve ever gotten came from one of my colleagues, who said, ‘Business school is so much about analytics and numbers, and what you’re doing is giving these students heart,’” said Wilcox, an Assistant Professor of Marketing. “That’s most important to me in the long run.”
The 10-10-10 Foundation, launched out of Wilcox’s Entrepreneurial Marketing course, has experienced remarkable reach: The course has been offered over 14 semesters, and has enrolled more than 1,000 students. As of Fall 2016, the students have generated more than $320,000 of value in monetary, in-kind, and matching donations. Wilcox’s students have supported more than 100 organizations, and have eclipsed 4,500 volunteer hours.
Students have supported non-profit and charitable organizations focusing in the sectors of music, environmental awareness, healthcare, cancer research, education, social services, and animal welfare.
This past semester, Wilcox’s students generated more than $26,000 for their organizations.
One student group planted flower bulbs along Philadelphia’s John F. Kennedy Boulevard, to support the Philadelphia Horticultural Society. One team of students collected more than $2,000 and volunteered 100 hours for the Travis Manion Foundation, a non-profit to empower veterans and the families of fallen veterans. Another team supported Back On My Feet, which uses running to instill discipline and restore confidence and self-esteem among Philadelphia’s homeless population. Every Wednesday, the students ran at 5:30 a.m. alongside Back On My Feet’s homeless runners.
“To me, their efforts are worth so much more than the dollars they have raised,” she said. “As I told them after class, they are my rays of hope in a crazy world. They can, and already have, made it a better place.”
–Christopher A. Vito
Temple University’s Fox School of Business welcomed Comcast Corporation executive David L. Cohen as the Warren V. “Pete” Musser Visiting Professor of Innovation and Entrepreneurship.
Established in 2015, the Musser Professorship is an endowed term professorship filled by experienced and well-known practitioners who are interested in visiting the Fox School to mentor and engage with students.
Cohen serves as the Senior Executive Vice President and Chief Diversity Officer with the Comcast Corporation. Students, young professionals, and business leaders alike packed into the seventh-floor MBA Commons of Alter Hall to hear Cohen’s Nov. 7 presentation, titled “Leaders Lead.” Temple’s Innovation and Entrepreneurship Institute (IEI) sponsored the event.
As a leader in Philadelphia for many years, Cohen shared what he has learned, the challenges he has faced, and his top-10 traits possessed by effective leaders. Paramount to all, he said, Cohen stressed the importance of volunteer work and involvement with nonprofits.
“I really wanted to be successful and help people outside of the classroom and outside of school,” Cohen said of his early years as a professional. “I volunteered and served leadership roles in nonprofits. Leaders have the opportunity to get involved with issues beyond their businesses. They have a chance to help the community around them.”
Cohen beamed with pride in discussing Comcast’s investment in philanthropy. The company has donated close to $4 billion to communities in which its employees live.
Cohen also shed light on his work with former Pennsylvania Governor Ed Rendell, for whom he served as Chief of Staff from 1992-97, a span of Rendell’s two terms as Philadelphia mayor.
“There were a lot of challenges Ed faced when he took office: high crime rate, declining population, declining economy,” Cohen said. “The two leadership traits for which I most admired him for were his team-building skills and his communication skills. He had a clear vision for the city and he knew how to communicate that well.”
Cohen then shared his list of 10 must-have leadership skills, a list which included humility, sense of humor, ability to inspire, vision, communication, and others, and showed brief video clips to punctuate each one of them. Cohen answered questions from the audience with topics ranging from challenges in diversity and inclusion, to complexity in building teams.
“Mr. Cohen is such an incredible and influential person, and it’s really beneficial to hear his experiences and advice,” said first-year graduate student Jeffrey Stern, who added that he was grateful to hear first-hand from a business leader like Cohen.
“He placed emphasis on leaders remaining humble and being able to give back to their communities, and those are traits that I’ll always keep in mind for the future,” said senior Economics major Dan McLaughlin.
Following his question-and-answer session, Cohen left attendees with a final piece of advice.
“Learning never stops,” he said, “and it certainly doesn’t stop after you’re finished school. Nothing is impossible.”
The U.S. Department of Commerce cites a three-to-one ratio of men to women in positions in the fields of science, technology, engineering, and math (STEM). And a recent study from the University of Washington suggests that women pass on careers in STEM because of a “masculine culture.”
The 17th Annual League for Entrepreneurial Women’s Conference, held Oct. 19 at Temple University’s Alter Hall, addressed the STEM gap and its stigma. The theme of the event – Climbing the Chromosomal Ladder: Creating Your Own Domain – brought close to 200 women and men from throughout the Philadelphia region to Temple’s campus.
The conference is the annual featured event for Temple’s League for Entrepreneurial Women, and serves as an advocacy initiative to address the growing challenges and interests of entrepreneurial women in the region.
More than a half-dozen innovators, entrepreneurs, self-starters, and STEM professionals shared their personal stories of turning ideas into career paths.
The number of American businesses increased by 47 percent from 1997-2014, according to the National Association of Women Business Owners, and during that span, the number of women-owned businesses soared by 68 percent. Those figures demonstrate that “female entrepreneurs in this country are a force to be reckoned with,” said Elizabeth H. Barber, associate professor at Temple’s School of Sport, Tourism and Hospitality Management and the League’s co-founder.
Barber and fellow League co-founder Betsy Leebron Tutelman, Temple’s senior vice provost for strategic communications, along with Ellen Weber, executive director of Temple’s Innovation and Entrepreneurship Institute (IEI), hosted the event.
Keynote speaker Lori Bush, FOX ’85, spoke of the leadership and cultural differences between men and women in the workplace, and how women can leverage their strengths to take a step forward and break the glass ceiling. “If anything I’m saying today resonates with you, find a way to incorporate it into your life and your career tomorrow,” said Bush, who completed her MBA at Temple.
Recently retired chief executive officer of Rodan + Fields, Bush often arranged town hall meetings for her colleagues. And while there, she would encourage Rodan + Fields employees who happened to be celebrating an anniversary with the company to share their favorite professional memories. “Often times,” Bush said, “they’d relive a moment where their group came together to overcome a problem.”
Those reminders – that she and her colleagues were working toward something bigger than themselves – fueled Bush’s professional fire.
The League for Entrepreneurial Women welcomed Dr. Amy Goldberg for an open conversation and question-and-answer session. Goldberg is chair and professor of surgery at Temple’s Lewis Katz School of Medicine, and serves as surgeon-in-chief of the Temple University Health System.
Goldberg also founded the Cradle 2 Grave program, one of very few of its kind, which educates middle- and high-school students from North Philadelphia, New Jersey, Delaware, and New York on gun violence, violence prevention, and the medical and emotional realities of gun violence.
“Temple has changed me, personally and professionally,” Goldberg said. “It’s helped me embrace the mission of Temple, which is providing service to the community.”
The League for Entrepreneurial Women’s conference also provided a platform for three female entrepreneurs to share their success stories during Temple Talks.
- Bethany Edwards, SMC ’06, co-founder of LIA Diagnostics, developed the first eco-friendly and flushable pregnancy test
- Dana Donofree, a breast cancer survivor, founded AnaOno, an intimate apparel company for women who have undergone mastectomies
- Kriti Sehgal, a restaurateur, co-founded three fast-casual restaurants in Philadelphia
Kriti Sehgal, a restaurateur, co-founded three fast-casual restaurants in Philadelphia
This year’s event included a new segment – Power Pitches – during which four female entrepreneurs who are Temple students or alumnae, introduced their ventures with brief presentations.
At the conference, Gina M. Saffo, POD ’86, DPM, was inducted to the League for Entrepreneurial Women Hall of Fame. Saffo is a podiatrist and partner with the Washington, D.C.,-based Foot & Ankle Specialists of the Mid-Atlantic, and supports young women studying at Temple’s School of Podiatric Medicine.
“I am always inspired at events like this, when I’m surrounded by driven women who have the head and the heart to achieve great things,” said Temple Provost JoAnne A. Epps.
Fox School of Business alumna Esosa Ighodaro designed a mobile application that can monetize the art of snapping selfies.
Ighodaro combined her love of social media and fashion by developing COSIGN, an app that allows users to directly shop for products that they see in social-media posts. Users can include product information by tagging what they are wearing in the image, creating a social media-meet-shopping experience.
Ighodaro credited her time at Temple University for helping her develop “a competitive edge.”
“I worked hard to get ahead and stay ahead while I was at Temple,” said Ighodaro, who graduated from the Fox School in 2008 with a degree in Finance. “I was surrounded by students who always pushed me to do my best work, and that gave me a competitive edge later in life.”
Two years ago COSIGN took Kickstarter by storm and, in 2016, it finished as a runner-up in a national competition organized by AT&T and was set to appear on “Project Runway.” Her idea for it came about quite organically.
Ighodaro had secured a management association position with Citigroup in New York City. What started off as a compliment on a subway platform from a complete stranger during one of her commutes unfolded into an ongoing business partnership. Abiodun Johnson is the co-founder and technology mastermind behind COSIGN, and he met Ighodaro as they waited for a train. They shared a lengthy conversation, exchanged contact information, and together built COSIGN.
To get the business off the ground, Ighodaro worked in corporate banking for more than six years and saved as much as she could before making a move into the tech field to support her work with Johnson and their concept for COSIGN.
“The journey is expensive,” Ighodaro confessed. “I talked to everyone about investing, even my doctor, and anyone that would listen. Most said no, but I was just persistent.”
The COSIGN duo launched a Kickstarter campaign in November 2014, just as Ighodaro left corporate banking. Skeptical at first, the two realized their app showed promising results once they had created a video that explained its usage. In just 30 days, COSIGN raised $41,000 on Kickstarter – enough money to build the first complete prototype of the application.
“That validated for me that people cared about what I had been working on in my basement for so long,” Ighodaro said.
In May 2016, AT&T’s Agility Challenge picked COSIGN as one of its 10 national finalists. The competition awarded cash prizes for the small business ventures that demonstrated an understanding, embrace, and appreciation for agility in their daily pursuits. COSIGN finished as a runner up, and netted a $10,000 prize.
COSIGN, which has now partnered with more than 1,200 brands and retailers, features more than 20 million products – from fashion and beauty to even electronics – in its database for users to search, tag, share, and shop.
COSIGN is set to appear on Lifetime’s Project Runway: Fashion Startup in November 2016. The series showcases aspiring fashion and beauty entrepreneurs as they pitch their concepts to a panel of investors in the hope of securing funds.
“I’ve always found it intriguing and something that just came naturally,” Ighodaro said of becoming an entrepreneur.
Now she’s living her dream, one selfie at a time.
Temple University’s Fox School of Business has entered a three-year partnership with Flinders University to deliver its nationally ranked entrepreneurship programs to the prestigious Australian university.
The Fox School of Business will help Flinders University drive South Australia’s economic transformation by training thousands of undergraduate and graduate students annually in the entrepreneurial mindset and skills required to start new businesses and facilitate innovation in existing industries.
To do so, the Fox School will build a series of 12 modules of online education to expose Flinders University’s 26,000 students to entrepreneurship – regardless of their major or course of study. The modules will include videos, exercises, and training manuals, and will be localized by South Australian faculty and executives trained by Fox School faculty.
Additionally, the Fox School will provide RoadMapTM, Fox’s revolutionary higher-education platform that assembles all feedback and assessments to demonstrate personal development and return on investment to students. RoadMapTM will be customized to track the development of those personal enterprise behaviors, or competencies, that have been identified by business and society as valuable in the Australian context.
This partnership leverages Fox’s reputation as a leading provider of online and entrepreneurship education. In January 2016, the Fox Online MBA program earned a No. 1 national ranking from U.S. News & World Report for the second consecutive year. And in November 2015, Fox’s undergraduate- and graduate-level Entrepreneurship programs earned top-10 rankings from The Princeton Review and Entrepreneurship magazine. It also leverages the Fox School’s extensive experience in supporting entrepreneurship-based economic development in the Philadelphia region, largely through the 350 projects completed by its renowned Fox Management Consulting program.
“We are proud to enter this partnership with Flinders University,” said Dr. M. Moshe Porat, Dean of Temple’s Fox School of Business. “There are a number of similarities between students at Flinders and Temple – two universities that have stimulated innovation and promoted entrepreneurship for decades. This partnership enables the Fox School to employ our expertise to power the Personal Enterprise Journey of Flinders students more than halfway around the world.”
Flinders University Chancellor Stephen Gerlach and Vice-Chancellor and President, Professor Colin Stirling visited Temple University Aug. 18 and met with Acting President Richard Englert and Provost and Executive Vice President JoAnne A. Epps to make official the contractual partnership and to discuss Temple’s role in extending entrepreneurship throughout the university and into the community.
Flinders University, through its New Venture Institute (NVI), is creating entrepreneurial opportunities for its 26,000 students. Since its founding in 2013, the NVI has overseen 252 student projects and 136 start-ups, trained nearly 1,500 individuals, and generated more than $540,000 in investments.
“Innovation and creativity – those characteristics that underpin entrepreneurial thinking – are a critical part of the picture for all industries,” said Matt Salier, Director of the NVI at Flinders. “Next time someone asks you what job you’d like, challenge yourself by reframing the question as, ‘What problem would you like to solve?’ Our partnership with the Fox School of Business brings the best in global education methods and content to help our students answer this question.”
The Flinders-Fox School partnership also will allow for potential study-abroad opportunities for undergraduate and graduate students at both universities. Details on this will be finalized and announced at a later date.
About the Fox School of Business at Temple University
Established in 1918, the Fox School of Business at Temple University is the largest, most-comprehensive business school in the Greater Philadelphia region, and among the largest in the world, with nearly 8,500 students, more than 200 full-time faculty and more than 65,000 alumni. Accredited by AACSB International — a distinction held by less than 5 percent of the world’s business schools — the Fox School offers BBA, Global MBA, Part-Time MBA, Executive MBA, Online MBA, Specialized Masters, and PhD programs, and an Executive Doctorate in Business Administration, on campuses throughout the world.
About Flinders University
Flinders University, in Adelaide, Australia, is a world top 2% University that enjoys a well-justified reputation for excellence in teaching and research. It provides exceptional student experience and has a long-standing commitment to enhancing educational opportunities for all, attracting students from more than 100 countries. Established in 1966, Flinders’ leadership in innovative research has seen it rise to equal 10th in the prestigious Time Higher Education rankings of Best Universities in Australia 2016.
The bottom line isn’t always an entrepreneur’s end game. For some, it’s the balance of doing well while doing good.
The work of social entrepreneurs served as the focus of an interactive workshop that kicked off a new collaboration between Temple’s Innovation and Entrepreneurship Institute (IEI) and the College of Public Health (CPH). Social entrepreneurs are creative problem-solvers driven to create solutions that have a positive impact on their communities and the world.
The workshop, and a Fall 2016 semester course in Social Entrepreneurship offered by CPH, are fueled by the Temple University Entrepreneurship Academy, a new program created by Temple President Dr. Neil D. Theobald as the embodiment of his commitment to foster innovation and entrepreneurship university-wide. The Entrepreneurship Academy is geared toward the incorporation of entrepreneurship education into the coursework of faculty members throughout all of Temple’s 17 schools and colleges.
Dr. TL Hill, Associate Professor of Strategic Management at the Fox School of Business, led the April 8 workshop at Temple’s Science Education and Research Center, with support from Dr. David B. Sarwer, CPH’s Associate Dean of Research, and Dr. Robert McNamee, IEI’s Managing Director and Assistant Professor of Strategic Management at Fox.
The workshop, titled, “Doing Well While Doing Good: Creativity, Innovation, and Entrepreneurship in Public Health,” engaged students, faculty, and staff from around the university to consider the business structures of social entrepreneurial ventures.
As an example, Hill turned to Go Baby Go, an initiative that modifies standard toy electric cars for use by children who suffer from physical disabilities. He also made mention of Lucky Iron Fish, a social enterprise dedicated to eradicating anemia around the world, through the use of a cast-iron fish which can be added to a pot in which food is cooking.
Social entrepreneurs need to research problems and target users, appreciate multiple funding streams, and think about user adoption and behavioral change, which “can be a huge undertaking, and require just as much ambition,” Hill said. Following further discussion on social impact and social entrepreneurship, Hill asked workshop attendees to assemble smaller groups, in order to develop examples of social venture business models.
“Social entrepreneurship is the attempt to draw upon entrepreneurial and business approaches to find scalable solutions to social problems,” said Hill, the Academic Director of the Fox Global MBA program.
Hill has been responsible for creating the Fox Management Consulting Practice (Fox MC), in which the MBA candidates provide professional-grade strategic solutions to clients including non-profits and social-impact ventures. In addition, Hill has created the Fox Board Fellows program in which MBA students sit on the board of directors of a non-profit for a year. These programs have led to the creation of a number of thought-leading approaches to social entrepreneurship.
The plan for the 2016-17 academic year, said McNamee and Sarwer, is to build on this inaugural event through a series of workshops and courses in the College of Public Health that will focus on social entrepreneurship and healthcare innovation.
“Most individuals who work in the area of public health receive little to no training in the area of entrepreneurship,” Sarwer said. “This workshop, and the course being taught this fall, is a great opportunity for students to learn how to be forward-thinking about their work and develop impactful strategies to address public health issues. I wish I had the opportunity to take a course like this when I was a student.”
The Angel Capital Association is coming to Philadelphia May 9-11, 2016 for the 2016 ACA Summit. Temple University students have the opportunity to volunteer, and in exchange can attend some of the sessions. This is open to current juniors and seniors as well as graduate students.
Volunteer work includes things such as: working the registration desk, helping move boxes from one location to another, taking head counts in sessions, and taking notes in a few sessions for content to be created and shared with attendees and ACA members who aren’t able to attend.
The following shifts are available. Please email email@example.com if you are interested:
Monday, May 9
7:00 am – 10:00 am – 3 interns for main registration, and help with box moving for sponsor/showcase setup (Convention Center)
7:45 am – 1:30 pm – 2 interns for International Exchange registration/note taking (Montgomery McCracken, 123 S Broad St)
9:45 am – 2:00 pm – 5 interns for main registration (Convention Center)
1:45 pm – 6:00 or 7:00 pm – 5 interns for main registration/take headcount of attendees at concurrent sessions (Convention Center)
6:45 pm – 8:00 pm – 2 interns to help with check-in for VIP Reception (Comcast building)
7:15 pm – 8:30 pm – 1 intern to help check names for International Dinner (Maggianos)
Tuesday, May 10
6:30 am to 10:00 or 11:30 am – 4 interns for main registration/take headcount of attendees (Convention Center)
1:30 pm – 7:00 pm – 3 interns for main registration/take headcount of attendees AND to distribute materials for evening reception (Convention Center)
Wednesday, May 11
8:15 am – 10:15 am – 1 intern to take headcount of attendees (Convention Center)
1:30 pm – 3:00 pm – 2 interns to pack-up, get everything to FedEx Office for shipping
Cocktail Culture Co.
Jungeun Park, Fox School of Business ’16
Richard Armitage, College of Science and Technology ’16
Neha Raman, Fox School of Business ’18
Vitris Wireless, LLC
Jack Perrotta, Fox School of Business ’18
John Nguyen, College of Science and Technology ’18
Chethtra Ten, College of Science and Technology ’18
DevelapMe – The Leadership Analytics Group, LLC
Cliff Tironi, Fox School of Business Staff
Tony Petrucci, Fox School of Business Faculty
Michael Rivera, Fox School of Business Faculty
LifeMotion Technologies LLC
Steven Arose, Beasley School of Law ’16
Séverine Bandou, Fox School of Business ’17
Nicholas Delmonico, Fox School of Business ’17
Kan Yu Au, Fox School of Business
Jake Purcell, Fox School of Business ’16
Robert Rogers, Fox School of Business ’16
Patrick Thompson, Fox School of Business ’16
Elliot Jumpp, Fox School of Business ’16
Green Matters Apparel Company
Tyler Stoltzfus, Fox School of Business ’16
Jacob Andrews, Fox School of Business ’18
Edward Moore, College of Engineering ’16
Mariah Wilson, Fox School of Business ’16
Tony Meyer, Fox School of Business ’17
Alex Falcone, School of Media and Communication ’16
Zach Donovan, Fox School of Business ’17
Will Fulton, Fox School of Business ’16
Andrew Kondelin, Fox School of Business ’18
We are excited to announce that the 2016 BYOBB Keynote Speaker and Recipient of the Self-Made and Making Others Award is: Glen Gaddy, PhD
Glen Gaddy, PhD, is a member of Robin Hood Ventures and the Chair of the Mid-Atlantic Diamond Ventures (MADV). He has experience in real estate, consumer product development and venture funding. Glen has been an active angel investor since 2003, funding real estate and business services ventures. Some of his prior professional experience includes heading a research and development laboratory for a top building materials company as well as running real estate services for the world’s largest consulting engineering firm. He has been published in several professional journals and has led many government research programs. Glen earned a Ph.D. in Materials Science and Engineering from Johns Hopkins University in 1993. Over the years, Glen has volunteered countless hours of his free time to mentor and coach members of the Temple community. When not working with entrepreneurs, Glen is usually on a basketball court where he plays, coaches and referees or attends one of his children’s sporting events.
IME-MS student, Sumbal Bashir, plans to take all the entrepreneurial lessons she’s learned through her program at the Fox School of Business back home to Pakistan. There, she hopes to close the gap and drive the growth of entrepreneurship throughout the country. To learn more about her and her individual accomplishments, check out the news release here.
Thursday April 21, 2016
1 p.m. Finalist Presentations
5 p.m. Awards Ceremony
Alter Hall Auditorium
Check back here for more exciting updates about #BYOBB2016!
Help us determine who will be the finalists of the Be Your Own Boss Bowl!
Sign up to be a business plan reviewer here.
If you are participating in this year’s BYOBB business plan competition, be sure to attend Professor Dwight Carey’s business plan workshop TODAY in the IEI Lab at 4:00 p.m. Professor Carey is a renowned entrepreneur who will speak about financial assumptions and preparing pro forma financial statements for your business.
Plan on participating in this year’s BYOBB? Don’t miss the opportunity to sign up for a mentor! By submitting a simple opportunity description, you will be assigned a mentor, receive a copy of the business planning book, and get important notifications and tips about the BYOBB. Your mentor can assist you in the formation of your plan and give you invaluable feedback to help push your business idea through to the finals! The deadline to receive a mentor is February 5.
Click here for access to the sign up and opportunity description forms.