According to the report's author, Greg Wise, professor and community development specialist and director for the Center for Community and Economic Development at the University of Wisconsin–Extension, the most important factors in developing a culture for entrepreneurship include: building and supporting business skills among entrepreneurs; developing vital resource centers; creating community awareness of and support for entrepreneurs; and building networks and collaboration.
The report, "Wisconsin Inventor & Entrepreneur Clubs: Investment in an Innovative Approach to Entrepreneurship," examines the role these clubs play in promoting entrepreneurship in rural areas. Clubs offer a place for individuals to share new ideas, develop networks, obtain support for their efforts and offer a place to explore new ideas and move them to reality.
Investor and entrepreneur clubs also provide education on feasibility, intellectual property, marketing, financing and business planning. They seem to play a significant role in bolstering the confidence of individual entrepreneurs by offering them a sense of legitimacy.
The clubs have established an e-mail network (Listserv) for their facilitators, and the Wisconsin Entrepreneurs' Network (WEN) provides resources and support. These clubs represent a formal social mechanism to compensate for disadvantages that rural areas face in promoting entrepreneurship.
Although quite young, Wisconsin's innovation and entrepreneurship clubs are becoming an important place for potential entrepreneurs to share ideas, obtain information and make connections with other entrepreneurs. Based on a survey of club facilitators, an impressive number of participants have created jobs, obtained patents and received grants for their ideas and enterprises.
Many clubs reported struggling with attendance and participation. This is not significantly different from the normal course of development of new organizations in general. It is likely there will be some settling out of this "marketplace," based on travel distance, program emphasis, club dynamics and personal interest.
Wisconsin's clubs are part of a larger effort to promote entrepreneurship through the WEN. Participants in I&E Clubs are referred to assistance programs in the network, including local economic-development organizations, regional small business development centers, technical colleges, universities in the Wisconsin system and even private-service providers. As a comprehensive and potentially seamless service provider network, the WEN offers the potential to satisfy the technical support needs of inventors and entrepreneurs by overcoming obstacles, such as low population density and a related lack of a critical mass of resources and peers that are major obstacles to promoting entrepreneurship in rural areas.
You can obtain a copy of the report by contacting IIRA at the phone number below or from our website at http://www.iira.org/pubs/publications/IIRA_RRR_701.pdf.
Western Illinois University is an Affirmative Action, Equal Opportunity institution. For more information about the Illinois Institute for Rural Affairs, see http://www.IIRA.org. If you care to comment about this column, contact Timothy Collins at (800) 526-9943 or T-Collins@wiu.edu
Timothy Collins | Newswise Science News
Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
DNA molecules that follow specific instructions could offer more precise molecular control of synthetic chemical systems, a discovery that opens the door for engineers to create molecular machines with new and complex behaviors.
Researchers have created chemical amplifiers and a chemical oscillator using a systematic method that has the potential to embed sophisticated circuit...
MPQ scientists achieve long storage times for photonic quantum bits which break the lower bound for direct teleportation in a global quantum network.
Concerning the development of quantum memories for the realization of global quantum networks, scientists of the Quantum Dynamics Division led by Professor...
Researchers have developed a water cloaking concept based on electromagnetic forces that could eliminate an object's wake, greatly reducing its drag while...
Tiny pores at a cell's entryway act as miniature bouncers, letting in some electrically charged atoms--ions--but blocking others. Operating as exquisitely sensitive filters, these "ion channels" play a critical role in biological functions such as muscle contraction and the firing of brain cells.
To rapidly transport the right ions through the cell membrane, the tiny channels rely on a complex interplay between the ions and surrounding molecules,...
The miniaturization of the current technology of storage media is hindered by fundamental limits of quantum mechanics. A new approach consists in using so-called spin-crossover molecules as the smallest possible storage unit. Similar to normal hard drives, these special molecules can save information via their magnetic state. A research team from Kiel University has now managed to successfully place a new class of spin-crossover molecules onto a surface and to improve the molecule’s storage capacity. The storage density of conventional hard drives could therefore theoretically be increased by more than one hundred fold. The study has been published in the scientific journal Nano Letters.
Over the past few years, the building blocks of storage media have gotten ever smaller. But further miniaturization of the current technology is hindered by...
11.12.2017 | Event News
08.12.2017 | Event News
07.12.2017 | Event News
15.12.2017 | Life Sciences
15.12.2017 | Life Sciences
15.12.2017 | Physics and Astronomy