FINDINGS REVEAL CHALLENGES, OPPORTUNITIES
Research findings to be presented on Nov. 15 at Lowth Entrepreneurship Center
TAMPA – Entrepreneurship means economic growth for Tampa Bay, but nurturing fertile ground for startups has been a matter of guesswork, until now.
A year-long research project has yielded a model for strengthening entrepreneurial ecosystems in Tampa Bay and other cities nationwide. The findings could make a profound impact on the success of local entrepreneurial ventures into the future.
Spearheaded by Rebecca White, University of Tampa Entrepreneurship Department chair and director of the John P. Lowth Entrepreneurship Center, along with a team of professors across the nation, the research included in-depth surveys of entrepreneurs and their businesses in Tampa Bay. The project will help give the Tampa Bay Metropolitan Statistical Area (MSA) recommendations for how it can better support businesses as well as data-driven recommendations for improvement in connectivity the venture capital pipline from a separate study.
The findings, which revealed opportunities and challenges in the local entrepreneurship ecosystem, will be presented on Tuesday, Nov. 15 at 5:30 p.m. at the Lowth Entrepreneurship in the Daly Innovation and Collaboration Building on the UT campus.
The research was funded by a $150,000 grant from the Kansas City-based Ewing Marion Kauffman Foundation.
“Investing in ecosystem research is an investment in entrepreneurs. Investing in entrepreneurs is an investment in our economy,” said Yasuyuki Motoyama, director in research and policy at the Ewing Marion Kauffman Foundation,. “We see a lot of potential in Tampa Bay for new ventures and for researching its emerging entrepreneurial ecosystem.”
Academic research in entrepreneurship has often been more concerned in the qualities and habits of the entrepreneur. In recent years, there has been a shift to study the ecosystem in which the entrepreneur and the new venture exists.
For more information and to attend the presentation, contact Jake Van Loon, research assistant, at (860) 716-4560 orJacob.firstname.lastname@example.org
The University of Tampa is a private, residential university located on approximately 110 acres on the riverfront in downtown Tampa. Known for academic excellence, personal attention and real-world experience in its undergraduate and graduate programs, the University serves 8,310 students from 50 states and 140 countries. Approximately 65 percent of full-time students live on campus, and more than half of UT students are from Florida.
The University of Tampa’s Lowth Entrepreneurship Center is one of the largest and most state-of-the-art entrepreneurship education spaces in the world. In 2016 it was lauded as the “National Model Undergraduate Entrepreneurship Program” by the U.S. Association for Small Business and Entrepreneurship (USASBE), and in 2015 earned an “Excellence in Entrepreneurship Teaching and Pedagogical Innovation designation from the Global Consortium of Entrepreneurship Centers (GCEC). In the first 12 months of operation Lowth Center students raised more than $1.5 million in external funding, took first place in Global Startup Battle and generated nearly $2 million in revenue. The center, which is part of the UT Sykes College of Business, also houses the national headquarters for the Collegiate Entrepreneurs’ Organization (CEO). To learn more about the Lowth Center please visit www.ut.edu/entrepreneurcenter.