Student Entrepreneurs to Compete in SBEC Tiger Tank

Last week, four teams of high school entrepreneurs, two from the California Academy of Mathematics and Science (CAMS) in Carson and two from the Port of Los Angeles High School in San Pedro competed along with four college teams from California State University Dominguez Hills (CSUDH) to have their chance to step into the Tiger Tank and pitch their future business ideas to a panel of successful local entrepreneur judges. Two teams from the high school competition and two teams from the college level competition were chosen by a panel of judges from the South Bay Entrepreneurial Center to move on to the upcoming final round at the Innovation Matters Entrepreneur Expo and Tiger Tank Competition on Thursday, November 19, 2015 at the Toyota Meeting Hall near the Torrance Civic Center in Torrance. This event is part of Global Entrepreneurship Week (GEW) happening in over 140 countries the week of November 16-22, 2015.

BQE Software in Torrance hosted the teams for the semi-finals. From CAMS competing was Jock Sporting Goods and Prosthe Kicks. From the Port of Los Angeles High School there was Fun Foam and Petscort. The winning teams were Prosthe Kicks and Petscort. The CSUDH teams competing in the semi-final competition were Fast Foodie, Prestige Business Consultants, Sensor This and On the Go. The two college teams advancing to the Tiger Tank competition are Fast Foodie and Prestige Business Consultants.

Come hear this next generation of entrepreneurs in the South Bay make their pitch and compete for two slots in the SBEC incubator (each a $4000 value.) Prizes will be awarded to the top high school team and the top college team pitching their business.

Join local innovative South Bay companies BQE, Inc., The Strand Brewery, Sage Goddess, The Sports Studio and Systems Technology, Inc. as they share how they founded their companies and followed their dreams. The Innovation Matters Expo will take place from noon until 4pm on Thursday, November 19, 2015 at the Toyota Meeting Hall at 3330 Civic Center Drive in Torrance, California.

The success of each of these new companies contributes to the growth of the South Bay’s economy, creating jobs and strengthening infrastructure for economic development. Global Entrepreneurship Week is the world’s largest celebration of the innovators and job creators, who launch startups that bring ideas to life, drive economic growth and expand human welfare.

During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors—introducing them to new possibilities and exciting opportunities.

The cost to attend is $30 per person in advance and $40 at the door. Lunch is included. The price for students with Student ID or Senior Citizens with valid driver’s license or state ID is $15 at the door (no pre-sale tickets.)

This event is supported by BQE Software and the City of Torrance. Additional sponsors for the event are CSUDH, and the South Bay Workforce Development Board.

Mike Grimshaw: College for Entrepreneurs

As a college professor, Mike Grimshaw is always surrounded by students so it is only fitting that he has submitted the following images showing college statistics in America. There are quite some interesting stats if you look closely. My personal favorite is the fact that there are classes such as Art of Walking, Maple Syrup, and Arguing With Judge Judy.

Let us know what you found to be the most interesting fact in the comments below!

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Mike Grimshaw: SBEC Mentor

Mike Grimshaw
The South Bay Entrepreneurial Center

Does a Formal Education Help Young Entrepreneurs?

As a co-founder, Mike Grimshaw has been with the SBEC since the beginning. He is a huge supporter of entrepreneurship and carries that vision over to the college where he teaches. Continue to find out about Mike’s thoughts on formal education and entrepreneurship!

Most of what you hear about entrepreneurship is all wrong. It’s not magic; it’s not mysterious; and it has nothing to do with genes. It’s a discipline and, like any discipline, it can be learned –Peter F. Drucker
As a college teacher I am constantly challenged by my students about the value of a college education versus the opportunity to pursue entrepreneurial dreams. They cite examples like famous billionaire entrepreneurs: Bill Gates (Microsoft), Larry Page (Google), Michael Dell (Dell), David Geffen (Geffen Records), Steve Jobs (Apple), Richard Branson (Virgin), Ralph Lauren (Ralph Lauren), Jerry Yang (Yahoo) and Mark Zuckerberg (Facebook). Most on this list received a modicum of post-secondary education before bailing and pursuing their entrepreneurial dreams.

Like Zuckerberg, Gates also went to Harvard. Page and Yang both attended Stanford. Jobs only completed one semester at Reed College in Portland, Oregon. Dell left the University of Texas at 19. Geffen dropped out of three universities before launching his record label. Lauren went to little-known Baruch College in New York State, but left after two years. Branson, a mild dyslexic, never made it out of high school.

They have been successful mainly because they have ample talents combined with both the luck and skill of exceptional timing. Research indicates that a far greater percentage of self-made billionaires have a master’s degree than no formal college education. In life and in business there are no shortcuts. I have never heard of a college graduate expressing regrets about obtaining a college degree. I have heard many non-college graduates express their regrets of not starting or completing college. It is possible to be a successful entrepreneur without graduating college. But the chances of becoming a Zuckerberg, Gates, or Jobs by not attending college must be similar to having your house hit by a meteorite while you watch TV.

Unless you have a successful entrepreneurial track record or can get the attention of seed capital to fund your innovation, just try and get someone to put their money on the table unless you have an education. Education may not be necessary, but statistics have shown that there are many more examples of success with education than without it. As an educator teaching Business and Entrepreneurship in a private college, I bring industry into the classroom so students get hands-on experience solving business problems. I can tell you that most of my students (not all but most) do not have the skill sets or vision to innovate an industry. However, by the time they leave college they have an idea of what it takes and some skill sets to build on.

Oh… and a degree to help get a job as they build their entrepreneurial dream.”

Mike Grimshaw: SBEC Mentor

Mike Grimshaw
The South Bay Entrepreneurial Center