The INOV8 blog tracks the latest news and trends in technology and innovation throughout the world

Jeff Amerine
Techpreneurship, with Jeff Amerine
(Jeff Amerine is an IA advisor, entrepreneurship educator, and officer with the University of Arkansas Technology Licensing Office. Each Thursday, his Techpreneurship blog will appear in INOV8. Drop him a line in comments.)
Earlier this week, I attended the Building the Arkansas Innovation Economy symposium at the Clinton Presidential Center in Little Rock. The U.S. National Academy of Sciences and UALR, led by Dr. Mary Good, organized the two-day event.
The event included speakers from the White House staff, other federal agencies, universities, state government and industry. I think there would be little debate amongst the attendees that the most inspiring and compelling speech of the event was delivered by Gov. Mike Beebe.
Beebe spoke with great conviction about Arkansas’s determination and tenacity in the pursuit of dramatic educational improvement. He painted a clear picture as to how education drives entrepreneurship and economic development.
I can’t do the speech justice, and I am sure the details of the speech are covered elsewhere in the press. So I’ll just give you one amusing anecdotal comment I heard from an out-of-state presenter after Beebe’s speech.
She said something like this, “Gov. Beebe really believes what he says; does he have Presidential aspirations?” And then she said, ”We sure don’t get that message from our governor.” Frankly, regardless of political preference, it was hard not to have those sorts of positive feelings about Beebe after he spoke.
The consensus from people I run with in either party is that we need to keep him at the helm here in Arkansas for a bit longer.
The message for techpreneurs…the Governor gets it.
There were several highpoints from the two-day event, but I want to end with a challenge to Arkansas techpreneurs. Joe Brenner from Nordex outlined his view of the future of wind energy in Arkansas. He gave a clear picture of the large manufacturing plant and high-wage rate employment they have in the works for Jonesboro.
With wind turbine manufacturing plants being built in Arkansas from at least three different major global providers across the state, how can startup techpreneurs leverage these developments? How can Arkansas become a worldwide center of excellence in renewable energy technology and manufacturing?
Here are some thoughts to chew on. In addition to the attraction of global wind turbine manufacturers, Arkansas has a unique facility in the University of Arkansas Research Park called the National Center for Reliable Electric Power Transmission (NCREPT).
The facility, led by Dr. Alan Mantooth and managed by T.A. Walton, allows researchers to test power grid power electronics, systems for hybrid electric vehicles, and advanced battery technologies.
As an example, if you need to test your system with the power load from 1,000 homes…they can do that. Need to test a power system intended to run a 50 story building? Well, they can do that also, and a whole lot more. Check it out: http://ncrept.eleg.uark.edu/Index.html
In addition to NCREPT, one of the world leaders in high power, high temperature silicon carbide electronics is right here in the Research Park as well. Led by Dr. Alex Lostetter, Arkansas Power Electronics International (APEI), has power electronics that make electric/hybrid electric vehicles and renewable energy (like wind and solar) power conversion more practical. Check them out at: http://www.apei.net/default.aspx.
So, renewable energy techpreneurs, the ingredients for Arkansas to be a worldwide center of excellence in renewable energy technology are right here before us, right here in our backyard. The Governor believes we can be a center of innovation. I’m convinced we can do it.
What say you?
Do you have a “top posters” page to reward your best blog comments?
John
No doubt action is key! In the words of my favorite philosopher, “Git ‘er Done”! You’ve got my support. We need leaders that are not only in the trenches but also understands the rules of engagement for the current war. I think you are just that guy.
Jeff
I’m absolutely sick of hearing people talk about supporting innovation and entrepreneurship in Arkansas… we need some Arkansans to get off their ass and actually do something about it.
There’s plenty of talent here… it just going to waste. If Utah can do it, so can we:
http://techcrunch.com/2010/03/10/boomstartup-utah-startup-incubator/
Could we find 8 teams of young entrepreneurs to participate in a 6 to 12 month startup bootcamp? Absolutely… freshly minted grads aren’t even finding jobs today, much less their dream job. We could find 8 teams that would jump at the chance to build their own dream job… I personally know of 4 worthy teams of students raring to go.
Could we start 8 meaningful businesses in 6 months? Absolutely… Give me 8 computer programmers each paired with a business school grad with an aptitude for sales and I’d go to war against anyone.
Add in $15,000 of seed money per team and a few motivated mentors and I’d be shocked if 4 of the 8 weren’t cash flow positive at the end of 6 months.
Seasoned entrepreneurs may think I’m crazy… they may say you can’t start a REAL business with two college students and only $15,000. They are clueless.
I started 4 successful businesses before I was 30. I started a $20 million business with $49 of seed capital while in medical school. It can be done, but it can’t be done by blowhards in ivory towers.
I’ll put up $10,000, a conference room, some server space, and some mentoring… find me 11 more investors willing to put their money (and rolodex) where their mouth is, and I’ll make it happen.
Talk is cheap. Ideas are a dime a dozen. If 11 investors step THIS MONTH, we will have this program off the ground BY JULY.
Great post!
The question that still remains in my mind is whether or not there is a big enough community of wannabe tech entrepreneurs in the area to be successful. All the talent seems to be somewhere else. What would you recommend to people who want to build a team of fellow wannabe tech entrepreneurs in the area? Is there a favored watering hole, be it brick-and-mortar or digital that you can think of?