Pace University’s new Entrepreneurship Lab, known as the E-Lab, is available to all Pace students, in New York City and in Pleasantville.
Pace University’s new Entrepreneurship Lab, known as the E-Lab, now has a CEO – it’s professor Bruce Bachenheimer of Chappaqua. A clinical professor of management at Pace, Bachenheimer is now also the director of the E-Lab. It is available to all Pace students, in New York City and in Pleasantville.
Bachenheimer will advise all aspiring student entrepreneurs, in everything from accounting and computer science to law and the performing arts, noted the Westchester County Business Journal.
He came up with the idea for the annual Pace Pitch Contest and Business Plan Competition, which he introduced in 2004, just after joining the Lubin School of Business faculty.
“The Entrepreneurship Lab aims to foster an entrepreneurial mindset – a way of thinking and acting that focuses on developing new ways to solve problems and create value,” said Bachenheimer. “These skills are important not only for those seeking to establish a new venture, but are increasingly critical in a wide variety of professional careers given today’s hyper-competitive marketplace, where rapid technological innovation and globalization has led to corporate downsizing and a dramatic change in the very nature of work.”
Bachenheimer began his career as a Wall Street trader, and then took several years off to sail through the Caribbean to South America. After that, he launched an importing business and then moved into high-tech forensic science before joining Pace.
“It takes innovation and entrepreneurship to develop things that are meaningful,” Bachenheimer tells us over the phone.
The big picture strategy of the E-Lab is not necessarily to incubate companies or create startups, but it’s to spur entrepreneurial and innovative thoughts and actions.
“We don’t measure our metrics by how many students launch businesses,” Bachenheimer says. “It’s the ability to come up with new and creative solutions to problems, and the ability to add value in a unique and innovative way.”
To spur innovation, Bachenheimer and his E-Lab will provide students with workspace for creative thinking, in addition to access to workshops, guest speakers, roundtable discussions, and networking events involving members of the entrepreneurial community.
“If you’re looking at very good innovators, they have to be young enough so that their minds are not so rigid in the way things are and the way things should be,” says Bachenheimer. “But they also need to have enough knowledge, skills, and abilities to find and solve problems.”
To mold a mind into innovative shape, college students need an “experiential education.” People at that young of an age need to be able to expand their horizons and question the norm, or, to borrow a line from Steve Jobs, you need to “stay hungry, stay foolish” to truly innovate.
“You need to train people to think differently, and if there are specific skills they don’t have, let them know how to get those resources,” Bachenheimer says. “Hopefully, the Entrepreneurship Lab is one of them.”
(Image, from left: Neil Braun, Bruce Bachenheimer, Harold Levy)
Global Entrepreneurship Week (November 14 – 20, 2011) 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. So why should entrepreneurs celebrate it?
7. To Celebrate The Entrepreneurial Mindset
Because entrepreneurship is a mindset — a way of thinking and acting, not simply about starting a business. It is about imagining new ways to solve problems and create value. These skills are important not only for those seeking to establish a new venture, but are increasingly critical in a wide variety of careers given today’s hyper-competitive marketplace, where rapid technological innovation and globalization has led to corporate downsizing and a dramatic change in the very nature of work.
In the wake of the suicide of a promising tech entrepreneur this weekend, Dr. Richard Shadick helps us – and Forbes.com readers – to understand the mindset of young founders in a startup culture who may be dealing with issues of isolation/stress/depression.
In the wake of the passing this weekend of Ilya Zhitomirskiy, one of the four founders of much-hyped open-source social network Diaspora, an unsettling conversation has begun within the tech community. Zhitomirskiy’s death, rumored to be a suicide but officially the cause is unknown, has ignited what many see as a much-needed and long-awaited dialogue in the industry: the mental health repercussions of the immense pressure and scrutiny—both internal and external—that young tech founders weather in their quest for the new American Dream.
“These are the new masters of the universe,” says Richard Shadick, Ph.D., the director of Pace University’s counseling center and adjunct professor of psychology in an interview with Forbes.com. “We saw the same profile with Wall Streeters in the 80s: lots and lots of pressure and enough money to motivate them to keep striving for more.” Entrepreneurs, especially those in the high-risk-high-reward startup game tend to have a specific type of personality profile, he says: exceedingly driven, creative, often idiosyncratic thinkers with what can be overwhelmingly high ideals. “It takes a little bit of craziness just to undertake such a huge endeavor to begin with.”
But are entrepreneurs any more prone to depression than the rest of the world? New research does link the creative thought process and capacity for highly focused work so often seen in founders with depressive thinking. Amongst themselves, founders point to isolation, pressure and lack of adequate health care as fuel to the fire of depression. One fund-raising entrepreneur notes that looking for funding might make it especially difficult for a young founder to address any mental health issues he might face. “I do believe it is an impediment to getting investor backing,” he says. “Depression is not well understood by people who haven’t experienced it.”
In the wake of a tragedy like the death of a member of the community, an outcry for a solution is natural. By all accounts the opening of a dialogue on the mental health issues of entrepreneurs—a possible predisposition to depressive thinking and the insurmountable pressure of attempting to reach superstardom by 30—is a step in the right direction.
But Shadick thinks it’s imperative that the conversation surrounding mental health become an industry priority.“The prototype of a Zuckerberg can be quite dangerous for someone to try and attain,” he says. To that end he says it’s essential to address the issue of stress management within the community and the encouragement of realistic work-life balance. “Particularly for founders. Because if someone is starting a company, they’re going to be the model for all future employees and the health of the corporate culture.”
And if work-life balance plays even the tiniest part of the mental health of an individual, that seems like one place where the risk just isn’t worth it.
Austrian economist Joseph Schumpeter’s “gales of creative destruction” are blowing and many companies are being taken under by this storm. Richard Foster shares his view on how the changing economy of China will determine which U.S. businesses will survive and prosper, and which ones will wither and die.
Get the INSIDE TRACK on how the changing economy of China will determine which U.S. businesses will survive and prosper … and which ones will wither and die.
PACE UNIVERSITY MEDIA EVENT ALERT
TUESDAY, OCTOBER 25 at 7:00 PM, NEW YORK CITY CAMPUS
“CREATIVE DESTRUCTION: INNOVATION IN AMERICA AND CHINA”
An engaging, thought-provoking discussion with Pace University President Stephen J. Friedman and Leading Management Consultant, Best-Selling Author and “Wizard of Innovation” Richard Foster
When: Tuesday, October 25, 7:00 PM to 8:30 PM.
Where: Pace University,Michael Schimmel Center for the Arts, 3 Spruce Street, New York, NY 10038. Directions: http://bit.ly/qxH0g3
Who: Richard Foster is an emeritus director of McKinsey & Company, where he founded the technology and innovation practice, the health care practice, and the private equity practice, and led McKinsey’s worldwide knowledge development. He currently advises health care service and technology companies on how to capitalize on disruptive innovation. He has written two bestselling books: Innovation: The Attacker’s Advantage and Creative Destruction.
Stephen J. Friedman became president of Pace University on June 4, 2007. Friedman is a former senior partner at Debevoise & Plimpton LLC, commissioner of the Securities and Exchange Commission, deputy assistant secretary of the Treasury, executive vice president at The Equitable Companies Incorporated and the E.F. Hutton Group Inc., and U.S. Supreme Court law clerk. Friedman served for three years as dean of Pace University School of Law prior to being named president by the Pace University Board of Trustees.
What is Creative Destruction? The automobile cost blacksmiths their jobs; personal computers replaced the typewriter. The Internet has seriously impacted the publishing, music and film industries. Based on an “endless cycle of innovation” concept first popularized by economist Joseph Alois Schumpeter, creative destruction suggests that companies can outperform capital markets and maintain their leadership positions only if they creatively and continuously reconstruct themselves. In doing so, they can stay ahead of the upstart challengers constantly waiting in the wings.
About Inside Track with President Stephen J. Friedman: A forum that brings the world’s most renowned leaders to Pace University to inspire, motivate and provide deeper insight into social, political, economic and environmental issues that affect us all.
RSVP: The event is free and open to the public, as well as to the Pace community. Please register in advanceonline at www.pace.edu/insidetrack
Seidenberg professor Christelle Scharff, winner of IBM’s Smarter Planet Faculty Innovation Award, was mentioned on Campus Technology and other web sites. (Left: Christelle Scharff; Credit: Pace Press)
Seidenberg professor Christelle Scharff, winner of IBM’s Smarter Planet Faculty Innovation Award, was mentioned on Campus Technology and other web sites.
Scharff was profiled by Campus Technology for her work in helping students experience global software development, won a grant to continue her teaching in that area. Her latest project will engage teams of students in New York; Phnom Penh, Cambodia; Delhi, India; and Dakar, Senegal to develop mobile and smartphone applications for transportation, health care, and education. For example, the apps might identify the closest public transportation to a specific destination or locate the nearest emergency room.
Sue Merritt, founding dean of the Seidenberg School of Computer Science and Information Systems now has a Verizon Foundation Scholarship named after her. (Left: Dean Emeritus Sue Merritt).
“The Verizon Foundation Scholarship for Technology has been named in honor of Sister Susan Merritt. Merritt, president of the Sisters of the Divine Compassion since her election in 2008, has served in education for 40 years: at the Academy of Our Lady of Good Counsel High School in the early 1970s and at Pace University since 1978, where she was founding dean of the Seidenberg School of Computer Science and Information Systems. She served as dean for 25 years.”
In an aging society, Professor Jean Coppola’s work training students to help older people learn computing struck with various news media. In the last 2 months she has been covered in the Wall Street Journal, Business Wire, Phillyburbs.com and the New Rochelle Patch.
In an aging society, Professor Jean Coppola’s work training students to help older people learn computing struck with various news media. Coppola has most recently been interviewed in a Wall Street Journal article, but in the last 2 months she has also been covered in Business Wire, Phillyburbs.com and the New Rochelle Patch.
Professor Darren Hayes is quoted in multiple articles about a Jeopardy game show which tests man against machine (IBM’S Watson supercomputer). Hayes showcases his knowledge of homeland security and computer forensics.
Darren Hayes, computer information systems program chairman at New York’s Pace University, adds national defense to the list. Hayes is not connected with IBM or Watson, but based on his expertise in computer forensics and homeland security, he says the technology could significantly assist in that arena.
“The focus (on homeland security) has been on information gathering — license plates, credit card transactions, Internet activity, flight manifests, telephone records, bank transactions, and so on — for millions of people. Synthesizing those terabytes of information is tremendously challenging,” Hayes said, adding that Watson can pull together these vast amounts of data much faster than earlier technology.
Since December, Hayes has been sought after by multiple media, from CNN and Fox News to Government Executive Magazine, for views on other topics including the security of federal computer systems and Wikileaks.
Check out Pace’s Seidenberg School of Computer Science and Information Systems here.
A news conference will be held Friday, January 28, when Verizon officially presents a grant at 3:30 p.m. in the Faculty Dining Room of Choate House on the Pleasantville Campus.
FOR IMMEDIATE RELEASE
Safe use of mobile devices for young people to be advocated
at summit for students, educators, industry, policymakers
Sexting, cyberbullying, distracted driving
among topics at event in Pleasantville March 16
Partnership of Pace University and WiredSafety will challenge leaders to adopt best practices
PLEASANTVILLE, NY, January 25, 2010 – Safer use of mobile devices by young people will be the focus of a Mobile Safety Summit which will include challenges from students and educators to policymakers and the mobile device industry.
The event will take place on Pace University’s campus in Pleasantville, New York, on March 16.
The University’s Seidenberg School of Computer Science and Information Systems is once again collaborating with the WiredSafety organization and its executive director, Parry Aftab, a leading international cybersafety expert. The Verizon Foundation is partially funding the events. The partners held a previous gathering on cyberbullying in 2008.
“Cyberbullying, sexting, and distracted driving are impacting youth, and solutions must include youth voices to be effective,” ” Aftab said. “This summit will bring educators and young people together with the industry, experts, and policymakers for a common goal – creating safer, well-designed, and innovative mobile offerings for everyone.”
Panels and breakout sessions will encourage participants to frame an action plan for moving forward on the best practices in mobile safety.
Additional details will be made available at a news conference Friday, January 28, when Verizon officially presents its grant at 3:30 p.m. in the Faculty Dining Room of Choate House on the Pleasantville Campus. Entrance 3, 861 Bedford Road. Media admission by press pass.
News conference participants will include Aftab and Nancy Hale, PhD., the Pace professor of information technology who is co-organizing the conference, as well as Constance Knapp, PhD, acting dean of the Seidenberg School, and Catherine Gasteyer, Verizon’s director of government and external affairs for mid-state New York.
The summit will concentrate on students and educators. The Verizon Foundation is providing a $15,000 grant to help bring information and awareness on mobile safety and cyberbullying to high school and college students, and to spread their concerns to adults who can act on them.
The session will help define the issues of mobile safety from students’ perspectives.
Media welcome. Contact Cara Cea, 914-906-9680 if planning to attend.
“WiredSafety and I are excited about partnering again with Pace University’s Seidenberg School of Computer Science and Information Systems,” said Aftab. “In these areas the Seidenberg students, administration, and professors are among the world’s best. Our last collaboration, the International Cyberbullying Summit in 2008, was the first of its kind. With the growth of mobile devices, technologies and apps, we expect this mobile innovation, safety, and best practices event will be just as groundbreaking.”
“Verizon has a long-standing commitment to internet safety,” said Gasteyer. “We serve millions of broadband customers through our wireless and wired networks. As such, we are committed to protecting children and young people online, and making sure the Internet is safe, educational, and fun for them. This grant is a good fit for Verizon, and we are proud to work with Pace University for a second time to empower educators, parents, and children on this front.”
“We are grateful to the Verizon Foundation for this grant that will let us offer a vital community resource and formulate a best practice model for keeping young people safe,” Hale said.
About Pace and the Seidenberg School
Inherent in The Seidenberg School’s activities and services to students, businesses, and the community is the belief that information technologies are tools for the empowerment of people. Established in 1983, Seidenberg is the youngest school within Pace University. Its mission is to prepare men and women for professional work, research, and lifelong participation in a new and dynamic information age. The school offers a student-oriented environment; small classes; committed teaching; research with professors; innovative programs, projects, and partnerships; and convenient multi-campus locations in New York City and Westchester County as well as online courses and programs.
About Wired Safety
WiredSafety.org is the world’s oldest digital safety group, providing education, information, and one-to-one help for consumers. Its StopCyberbullying.org website is the most popular cyberbullying prevention website in the world and helps inform young people, parents, community organizations, educators, the industry, policymakers, and law enforcement about the issue affecting more than two thirds of US teens. WiredSafety.org is one of five members of Facebook’s International Safety Advisory Board, is a member of the advisory board for MTV’s cyberharassment initiative, AThinLine.org, and created the Girl Scouts of the USA’s cybersafety program, lmk.girlscouts.org. WiredSafety’s executive director, Parry Aftab, is a digital privacy and security lawyer and author, and the recipient of the latest FBI Director’s Community Leadership Award, which will be presented in March 2011.
Parry Aftab, WiredSafety, 201-463-8663, email@example.com
Chris Cory, Pace media relations, 212-346-1117, cell 917-608-8164, firstname.lastname@example.org