{"id":42971,"date":"2022-05-24T08:54:17","date_gmt":"2022-05-24T12:54:17","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/news\/?p=42971"},"modified":"2022-06-08T15:13:51","modified_gmt":"2022-06-08T19:13:51","slug":"vision-quest-innovative-entrepreneurial-initiative-eyes-takeoff","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2022\/05\/vision-quest-innovative-entrepreneurial-initiative-eyes-takeoff\/","title":{"rendered":"Vision quest: Innovative entrepreneurial initiative eyes takeoff"},"content":{"rendered":"
\"Mike

Mike Bradshaw is on a mission to spread entrepreneurship across campus and better connect the UTC Center for Innovation and Entrepreneurship to the Chattanooga entrepreneurial ecosystem. Photo by Angela Foster.<\/p><\/div>\n

To learn more about the Urban Vision Initiative, visit utc.edu\/uvi<\/a>.<\/em><\/strong><\/p>\n

Mike Bradshaw is relishing the role of playing matchmaker.<\/p>\n

Bradshaw is the first entrepreneur-in-residence<\/a> in the University of Tennessee at Chattanooga\u2019s Center for Innovation and Entrepreneurship, housed within the Gary W. Rollins College of Business.<\/p>\n

Over the past year, he has laid the groundwork for an entrepreneurship program to alleviate poverty and increase wealth-building among the economically and socially underrepresented within Chattanooga\u2019s urban core.<\/p>\n

The philosophy behind the program, called Urban Vision Initiative<\/a>, is that \u201canyone can be an entrepreneur and that entrepreneurship can be a pathway out of poverty,\u201d Bradshaw said.<\/p>\n

Approximately 18% of Chattanoogans live in poverty, and many have started their own businesses. UVI will provide these entrepreneurs with instruction and mentoring to help them grow their businesses and achieve profitability as quickly as possible.<\/p>\n

As program facilitator, Bradshaw will match entrepreneurs with the program, introduce and pair UTC student consultants with these entrepreneurs, blend in community mentors and incorporate the knowledge and expertise of University faculty and staff.<\/p>\n

With a mission of fostering and creating 100 sustainable new ventures over the next five years, UVI\u2014made possible by the support of the Frost Family Foundation<\/a>\u2014is ready to launch.<\/p>\n

\u201cOur first cohort is ready to start in the fall and it\u2019s all very exciting,\u201d Bradshaw said. \u201cThis is an opportunity to connect students with the startup community and with life in the real world. It\u2019s humbling to think about how much responsibility that is and to see how students will step up to that.<\/p>\n

\u201cThis is an opportunity to really get your hands in some venture that can change people\u2019s lives.\u201d<\/p>\n

Matching prospective community entrepreneurs<\/em><\/strong><\/p>\n

UVI is part of the Urban Poverty and Business Initiative, a national program developed by Michael H. Morris\u2014a professor of entrepreneurship and social innovation at the University of Notre Dame in South Bend, Indiana.<\/p>\n

Bradshaw said UVI is collaborating with numerous local partners, most notably LAUNCH Chattanooga, Tech Goes Home, The Company Lab, La Paz, Pathway Lending, Tennessee Valley Federal Credit Union and the City of Chattanooga. The program will operate on a 10-month recurring schedule.<\/p>\n

A big first step was the partnership with LAUNCH Chattanooga, an accelerator program that takes entrepreneurs in low-income communities from idea to launch.<\/p>\n

\u201cWe\u2019ll select 12 entrepreneurs from their graduates and put them into our 10-month program\u2014starting with the six-week boot camp,\u201d he said.<\/p>\n

The boot camp will meet on six consecutive Saturday mornings beginning after Labor Day.<\/p>\n

\u201cWe\u2019ll be setting goals: Where do you want to be a year from now? What\u2019s this program going to do for you as an entrepreneur?\u201d Bradshaw explained. \u201cAt the same time, I\u2019ll be learning a lot about the entrepreneurs. You can look at an application, but you don\u2019t really know much.<\/p>\n

\u201cIt\u2019s interesting that most of the assistance an entrepreneur needs begins with questions in these entrepreneurs\u2019 minds like, \u2018How do I get to sleep at night when I\u2019ve got all this pressure on me?\u2019 These entrepreneurs are using entrepreneurship to put food on their table.\u201d<\/p>\n

Bradshaw said LAUNCH Chattanooga has also identified local entrepreneurial success stories to use as role models\u2014both informationally and inspirationally\u2014as part of the program.<\/p>\n

\u201cThey\u2019re partnering with us because they\u2019ve got the street knowledge,\u201d he said.<\/p>\n

Matching UTC students to the entrepreneurs<\/em><\/strong><\/p>\n

A practicum course has been created in which students can enroll to enter an internship program complete with instruction on entrepreneurship. Bradshaw will be working with 12 student consultants for the first cohort in the fall.<\/p>\n

\u201cThe students that we get here have to have a strong social conscience and want to help folks,\u201d he said. \u201cI\u2019ll be looking for students willing to work with people practicing entrepreneurship in the most under-resourced and rawest circumstances.\u201d<\/p>\n

The students will go through classroom training of their own before being matched up with the entrepreneurs.<\/p>\n

\u201cWe don\u2019t know how that will go yet, so that\u2019s exciting,\u201d Bradshaw said. \u201cYou may place a student consultant with an entrepreneur and they go, \u2018Man, this person is really able to bring some benefits to us and I\u2019d like to continue to work with this person.\u2019<\/p>\n

\u201cBut I expect it\u2019s going to be a combination, where a student who\u2014as an example, is proficient in web development\u2014can go from this entrepreneur to this entrepreneur to that entrepreneur and sort of spreads their efforts out.\u201d<\/p>\n

Bradshaw has a laundry list of items he\u2019s looking for in the student consultant candidates, citing soft skills.<\/p>\n

\u201cIt\u2019s attitude. It\u2019s empathy. It\u2019s adaptability. It\u2019s an understanding that could be from shared experience or from just a natural aptitude to put yourself in somebody\u2019s seat and look at the struggle they\u2019re going through or the successes they\u2019re having,\u201d he said.<\/p>\n

\u201cThe benefit to the interns is extraordinary. It\u2019s still true that paid internships are the strongest predictor of postgraduate hiring success. That\u2019s the biggest thing that attracts me to this program besides the opportunity to help in the community.\u201d<\/p>\n

Identifying UTC faculty and staff<\/em><\/strong><\/p>\n

While much of the assistance an entrepreneur needs in the early stages is business functional, such as setting up an accounting system and getting a website running, Bradshaw said a key to the program\u2019s long-term success is the role of the University.<\/p>\n

To that end, he is leaning on the knowledge and skills of UTC faculty and staff to serve as mentors for the students and entrepreneurs.<\/p>\n

\u201cThese heroes, if you will, from the University would come in and be very engaged with the entrepreneurial community,\u201d Bradshaw said. \u201cUnlike a lot of areas in the University\u2019s activities in town, there isn\u2019t a systematic program that creates the opportunity for those connections with people from the campus and people downtown.<\/p>\n

\u201cThis program creates years of visibility and a time to create a systematic means of engagement with a real difficult social problem that a lot of people want to solve. Hopefully, we can enlist people from across the campus.\u201d<\/p>\n

This call to action enlisting faculty and staff as mentors is very significant, he said.<\/p>\n

\u201cHaving the University enter this space to connect with us, stay with the program and be available for consultations as needed will be one of its greatest strengths,\u201d Bradshaw said.<\/p>\n

\u201cThis will be an avenue for what I believe is the first time in the entrepreneurial community where UTC is systematically engaging with them with a long-term commitment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The philosophy behind the Urban Vision Initiative is that \u201canyone can be an entrepreneur and that entrepreneurship can be a pathway out of poverty.\u201d<\/p>\n

Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1493,"featured_media":42974,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[64,3,122313,7712,57],"tags":[119306,119441,119439,119437,119440,119438],"class_list":{"0":"post-42971","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-community","8":"category-experiential-learning","9":"category-faculty-and-staff","10":"category-college-of-business","11":"category-news","12":"tag-center-for-innovation-and-entrepreneurship","13":"tag-frost-family-foundation","14":"tag-launch-chattanooga","15":"tag-mike-bradshaw","16":"tag-urban-poverty-and-business-initiative","17":"tag-urban-vision-initiative","18":"entry"},"yoast_head":"\nVision quest: Innovative entrepreneurial initiative eyes takeoff | UTC News Archive: Jul 2007 - 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