The Office of Entrepreneurship at the Daniels College of Business is hoping to hand out $5,000 to DU students who want to develop an idea. But, it can’t be any idea; it has to be a truly industry-disruptive idea.
“The Trueblood Innovation Collaboratory supports the work of students who truly want to be industry disruptive. Projects in the Collaboratory aren’t about putting candy sprinkles or bacon crumbles on donuts … they are about completely rethinking the donut,” said Stephen Haag, director of Entrepreneurship and the Harry Trueblood Innovation Collaboratory. “We encourage and require our students to think in terms of Uber, Lime and even the Dollar Shave Club. We also want them to think in terms of using fourth industrial revolution technologies like artificial intelligence and IoT (Internet of Things) to dramatically redefine the landscape of business.”
In the fall, the College launched the Harry Trueblood Innovation Collaboratory, which was made possible by a generous gift from the Trueblood family in honor of the late Harry A. Trueblood Jr. Trueblood was a lifelong entrepreneur and leader in the energy industry. For nearly 30 years, Trueblood’s principal operating company was Consolidated Oil & Gas, Inc., which made significant crude oil and natural gas discoveries in the Rocky Mountain region and Texas, and numerous acquisitions.
The gift allows the Office of Entrepreneurship to help DU students to transform their great idea into a thriving startup. All students have to do is shoot a one-minute video of themselves sharing their idea and submit it to Stephen Haag, director of Entrepreneurship. If the idea is accepted, the student will need to put together a budget and do a five-minute pitch followed by a Q&A.
“Today’s generation of entrepreneurs will soon become tomorrow’s business leaders,” Haag said. “And their leadership will need to take the business world in new directions. I have no doubt that some of tomorrow’s most well-known business leaders will come from DU as a result of participating in the Trueblood Innovation Collaboratory.”
In 1968, Trueblood established the Harry Trueblood Foundation in honor of his father, focusing exclusively on providing scholarships based on merit for Colorado educational institutions and his alma mater, the University of Texas at Austin.
“We are so grateful to the Trueblood family for making this possible for our students,” explained Haag. “It is this type of support that differentiates the University of Denver and the Daniels College of Business Entrepreneurship program.”
For more information, visit the Trueblood Collaboratory website.