Boston College鈥檚 Edmund H. Shea Jr. Center for Entrepreneurship and its Center for Social Innovation are teaming up with聽Forbes聽to help host the聽, Oct. 16鈥�19. The conference is expected to bring about 5,000 aspiring entrepreneurs and business-minded folk to the city for events ranging from speeches and seminars to a mini-music festival and a bar crawl on the streets around Fenway Park.
The University, through those two centers, will be the official academic partner of this third annual summit. The first two conferences were held in Philadelphia with the University of Pennsylvania鈥檚 Wharton School serving as academic partner.
The summit takes its name from the聽贵辞谤产别蝉听30 Under 30 lists, which recognize young entrepreneurs and leaders in a variety of fields. Conference speakers will include actor Ashton Kutcher鈥攚hose venture-capital firm,聽, is contributing prize money toward one of the summit鈥檚 two business-plan pitch competitions鈥攁s well as聽, a restaurateur, author, and TV personality, and Maria Sharapova, a tennis star-turned-.
鈥淲e see this as another step in the journey of the Shea Center and entrepreneurship at 51茶馆,鈥� said Jere Doyle 鈥�87, the center鈥檚 executive director. 鈥淥ne of our big pushes this year was for Shea to do more with social entrepreneurship, and one of the two pitch competitions at the summit is only for social ventures.鈥�
In its role as academic partner, the University is recruiting students,聽alumni, faculty, staff, and parents, to help screen applications for the two pitch competitions. One competition seeks early-stage business ideas that can change the world, while the other wants not-for-profit solutions for improving Pre-K to 12th-grade education in the United States. Final decisions on winners will be made by the聽贵辞谤产别蝉听Under 30 judging team.
鈥淲e鈥檙e expecting 2,000-plus entries for the pitch competitions,鈥� said Kelsey Kinton 鈥�12, the Shea Center鈥檚 assistant director. More than 100 students and 100 alumni have already volunteered to help with screening, which can be done remotely. Thanks to Boston College鈥檚聽聽for receiving and reviewing applications, it鈥檚 easy for students to be screeners. 鈥淵ou can do it from your dorm room,鈥� Doyle said. (Alumni and others in the Boston College community interested in volunteering should聽contact the Shea Center.)
鈥淲e see this as an educational opportunity,鈥� Kinton added. 鈥淥ur students will get to see how venture capitalists review business plans.鈥� The Boston College volunteers will winnow the applications down to 40 finalists, 20 from each category.
Each competition will award a total of $500,000 in money and in-kind prizes. The prizes for the for-profit plans are being funded partly by Sound Ventures and Boston-based Rough Draft Ventures. And those for the nonprofit plans are being funded partly by the Charles and Lynn Schusterman Family Foundation.
Kinton says聽Forbes鈥檚 decision to hold this year鈥檚 summit in Boston underscores the vitality of the region鈥檚 startup culture and the efforts of the many local universities to foster entrepreneurship. 鈥淓verything in tech and entrepreneurship isn鈥檛 just happening in Silicon Valley,鈥� she said. 鈥淭his really puts Boston and 51茶馆 on a worldwide stage in terms of entrepreneurship. The for-profit pitch competition is global, so we鈥檙e receiving applicants from around the world.鈥� (The deadline for applications was September 9.)
The summit will be held at venues throughout the city. Unlike many other pitch competitions, those making the pitches are not presenting business plans. All of them are active entrepreneurs from young companies and social ventures that already have, for example, executive teams and operations. All are under 30 at the time of the summit.
The Shea Center, housed in the Carroll School of Management, aims to integrate entrepreneurial thinking into the educations of undergraduate and graduate students across Boston College. It offers academic coursework, co-curricular activities, and experiential opportunities. The Center for Social Innovation, housed in the School of Social Work, promotes sustainable social innovations that enhance social justice.
鈥淥ur involvement with the Forbes Summit solidifies what we鈥檙e trying to do at Shea with entrepreneurship,鈥� Doyle said. 鈥淲e鈥檙e trying to reach outside the Carroll School, and something that鈥檚 great about this is that it can touch students across campus. We鈥檙e trying to connect everybody in the 51茶馆 community to entrepreneurship.鈥澛�
Tim Gray is a freelance writer and a writing instructor at the Carroll School.