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U.C. Berkeley fosters young entrepreneurs

Recently, the University of California at Berkeley sponsored a program where it brought together several start-up companies for a pitch contest before a panel of judges. One of these companies was started by a group of young entrepreneurs who attend the school. Other groups were teams founded by those who participated in the Tsinghua-Berkeley Global Technology Entrepreneurship Program (GTE), a Chinese group that has taught some top government officials and industry captains in China.

This program is not the only one of its kind. The University also operates SkyDeck, a program that works to combine the resources of the schools of Engineering, Business and Research. Skydeck hosts contests to provide emotional support to students and encourage their development. These programs are open to students of all academic backgrounds. The courses are competition-based. Students must form teams and compete against each other to win prizes.

These young entrepreneurs have a lot of passion for what they do. Like many technological firms located in the Silicon Valley, they are willing to take calculated risks and accept failure, as long as they avoid making the same mistake too frequently. Traditionally, students at Berkeley tended to be adverse to risk, because of the high pressure to succeed academically. However, school programs that help foster young students in the business world may help many of them to become more flexible and open-minded than those who have worked in the industry for years.

The process of starting a company can seem a bit daunting to those just out of school with limited business formation or legal experience. A business attorney may assist with choosing the best business form for a particular company, drafting the paperwork and registering with the Secretary of State so that the business owners can focus on achieving the company's stated objectives.

Source: Forbes, "Student Entrepreneurship Is Humming At Elite Universities", Jason Ma, May 14, 2013

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