Courtesy of Center for Innovation and Entrepreneurship
OXFORD,Miss.– The Venture Launch Weekend will be held Friday an Saturday on the Ole Miss Campus to help students and Oxford community members cultivate ideas and create business models.
The event is hosted by the university’s Center for Innovation and Entrepreneurship (CIE) and Insight Park, and the Oxford Lafayette County Chamber of Commerce. Cobie Watkins, Director of Student and Alumni Programs for the CIE, described what the weekend entails.
“It’s a 24 hour event where you’re basically thrown into making a business model, and you develop teams, and there are some really cool speakers,” Watkins said. “Its really beneficial, even if you don’t want to start a business, but want to work for a startup. It’s still something really cool to get involved with.”
Before the Venture Launch begins Friday evening, and there is an Idea Launch directly before.
“If you have an idea or what you think could be an idea for a product, business, or some sort of new venture, we can help develop that further and help you explore some alternative ideas to build off of that,” Watkins said. “That will help when you go to Venture Launch.”
In the past, similar events were hosted with a partnership with Startup Weekend. The end of this partnership will bring new changes to the event.
“This year we have condensed the event, because we know students and community members are busy,” Watkins said. “We wanted to teach them a different approach to starting a business model.”
The earlier events were around 48 hours, but the Director of Economic Development for Insight Park, William Nicholas, wants to assure potential participants that the change in hours does not hinder the event.
“The quality of the content is better than ever,” Nicholas said. “20 percent of our old content was providing 80 percent of the value, and that is what we are focusing on this year.”
Assistant Director Clay Dibrell of the CIE elaborated on the changes to the program.
“We are going to have people work on their projects and ventures a lot, but we will also provide a directed insight about how to approach certain issues,” Dibrell said. “Then they will pitch.”
The event is intended for more than just business majors and is open to the public.
“We really love creative people,” Dibrell said. “One of the focuses of the particular weekend is the creative economy, and that includes artists, writers and musicians– anyone with a creative background. Engineers are great too, because a lot of apps and mechanical engineering things are involved. So it’s a great opportunity across campus, but also for the local community.”
The business world is often represented as harsh, but at Venture Launch Weekend they try to focus on the fun aspects.
“Sometimes when people think “business” it’s a little intimidating,”Dibrell said. “This is not supposed to be intimidating. This should be high energy, a good time and a chance to explore ideas in a nurturing way.”
Nicholas stressed the programs goal to teach participants about what it takes to start a company. The possibility of success for those who attend is real.
“We’d love to see someone launch a successful company,” Nicholas said. “That doesn’t always occur, but the educational component is always present. Attendees will learn an enormous amount of necessary information about starting a company. It could happen this weekend, or it might be for a venture they start later in life.”
The event will be held in Holman Hall, tickets are $25 and include food for Friday and Saturday. Although the event will be fun, Nicholas advises participants to take it seriously.
“Come prepared to fully participate in the process,” he said. “It’s an intense dose of entrepreneurship, but it’s so rewarding for those that engage. Those who attend will expand their networks, enjoy valuable mentorship and probably make a lot of new friends.”