StudVent is all about student ventures: student-led startups from academic institutions all over the world.
The team at StudVent perceives that while there is a growing interest and an increase in resources for student entrepreneurship on campuses around the globe, it remains hard to find and learn more about the numerous actual student startup companies founded in the dorm rooms, boot camps, hackathons, accelerators, and incubators at universities. We believe that there is much to be gained by unearthing the thousands of student startups that abound on our campuses.
We seek to build awareness of student-started companies by giving them a platform to tell the world what they are doing and what they need to grow their companies. Our mission also entails bringing resources, customers, team members and partners to these student-founded companies.
We cover student startups at the undergraduate, masters, MBA, PhD and Post-doc levels from higher educational institutions from around the globe.
StudVent has chosen to focus on student entrepreneurs for various reasons found below. These are but a few…
- Student entrepreneurship is a rising trend. Depending on which studies are reviewed, researchers have found that more than 1 in 4 — up to 40% of university students — want to own their own businesses someday.
- Some of the world’s most influential companies of impact have been started by students. Examples include Google, Microsoft, Yahoo, Dell, and Blackboard (Course info).
- Students in postsecondary education are open-minded a tuned-into the markets of their younger generations.
- Students are exposed to fresher education, trends, and cutting-edge knowledge on campuses of both teaching and research universities
- Life “burn rates” (the amount of cash per month needed to sustain oneself) is low for a student, and other commitments are minimal in comparison to other stages of life, making these years prime for starting a new venture.
- Students have access to alumni and corporate visitors who can provide ideas, mentorship, and resources.
- However, with all the positives above, students suffer from lack of resources, know-how, and connections.
- Moreover, the student startup marketplace suffers from information asymmetry. Thus the “need to know” and access to information and education is crucial, as is the ability to gain exposure in an increasingly global economic environment.
- There are relatively few campus-wide entrepreneurship programs that serve students of all types.
- Many universities and colleges do not have their own entrepreneurship programs and resources for students.
- Those entrepreneurship programs, societies and clubs that are on-campus often don’t provide comprehensive resources to student entrepreneurs and their teams.
- Often, students aren’t even aware of the entrepreneurship program, center or club on their very own campus.
- Some university programs don’t support or provide resources for newly graduate students who are less than “Two Years Out” while others do. This is often a crucial start-up time for many student-entrepreneurs who may have conceived of their product or service during their time as a registered student, but not acted on it until near or after graduation day.
- In the USA, student debt has been proven scientifically to retard the proportion of startups and has contributed to a decrease in overall rates of entrepreneurship in recent years.
- Student entrepreneurship also has positive social impact, with some students starting non-profits, NGO, social enterprises, B Corporations, Certified B Corporations, Community Impact Companies and the like. There is a growing interest in this area and will help make the world a better place.
- In this regard, the “Student hood” period of one’s life is a time of learning, reflection, and idealism, which inspires many to want to change the world, and the creation of new organizations and business is a prime way of putting this energy into action.
- There is increasing interest amongst universities around the world in student entrepreneurship, and more resources than ever are pouring into this space from alumni, corporations, and governments. Note the Pillsbury Institute for Hospitality Entrepreneurship at Cornell University that was endowed by alumnus Lee Pillsbury; the surge of Blackstone Launchpads on university campuses and the resources from Blackstone in partnership with TechStars; Santander’s gifts to programs such as the Summer Accelerator run by Edinburgh Innovations at the University of Edinburgh, The Kauffman Foundation’s numerous efforts for student entrepreneurship, the EU’s investments in programs such as the Edinburgh-Stanford Link, and the Indian Government’s recent budget allocation to student entrepreneurship.
- There is increased interest and the realization of the potential of student entrepreneurship on behalf of governments and economic development agencies globally.
- However, the markets and platforms for student-led products and services is relatively immature.
- The market for student-started businesses is also immature and marked by information asymmetry.