ACS is looking to assist existing and future entrepreneurs by setting up educational programs and symposia with the help of the Divisions. The goal is to establish future chemical companies that would increase jobs as well as future members. This would include Business Plan writing, giving pitches to investors, connecting investors with chemical entrepreneurs, building a successful business team and much more. Do you agree? What other topics would you like to see included in this program?
Yes, I certainly agree. I suspect many ACS members are only one invention from wanting to be a Chemical Entrepreneur. That is certainly my story, having co-invented photo-electric chemical sensors (PECS), US Patent # 7,354,700. Part of what is unique about PECS is that it uses molecular recognition from analyte recogntion chemicals on an electrode. Colorimetric sensing also uses molecular recognition chemicals, only on PECS these chemicals displace electric charge when illuminated, and with a light flash generate photo-voltages which can be digitized and analyzed, in many cases identifying the analyte and its concentration. As with colorimetric reagents more analyte changes more of the recognition chemicals by complexing with them, and so the photo-voltages changes are in general proportion to the analyte concentrations. We have over 100 analytes so far we can detect and quantify, and believe the number can be increased essentially without limit, making available chemical sensors for many analytes for which none now exist. I can provide more details (from email@example.com) and would benefit from advice from entrepreneurs.
ACS has developed a report, Innovation, Chemistry, and Jobs, detailing steps to create economic growth, generate revenue, and add new jobs in one of our nation’s most valuable scientific sectors — chemistry. The report focuses on entrepreneurship as a pathway to major job creation. Check it out.
I'd like to know the process of making the recommendations in the
report, Innovation, Chemistry, and Jobs, into actual policy and procedures and programs in ACS, i.e., what is ACS going to do to help *create* the jobs???, but before that, what is ACS going to do to determine how to implement the recommendations??? Who is in the driver's seat and where is the report going???
Hi Joe - There are two major efforts within ACS to address the needs of entrepreneurs. One is a grass-roots effort involving several divisions, committees and external orgaizations called the Chemical Entrepreneurship Council (CEC). Janet Bryant is the Chair of the CEC. They offer workshops, symposia and other resources for entrepreneurs in the chemical sciences.
ACS is also launching two new programs for entrepreneurs as part of an initiaitve to impliment the suggestions from the Innovation Task Force Report.
Entrepreneurial Resources Center
The Entrepreneurial Resources Center (ERC) directly addresses recommendation 1 from the Task Force report. References to resources in the Center have been italicized in the recommendation below.
“ACS should develop a single organizational unit—a kind of ‘technological farmers’ market’—offering affordable (or free) help to entrepreneurs. This unit would support entrepreneurs by facilitating more affordable access to resources that should foster the creation of small companies from startups. Relevant resources might include information, management expertise, key services, and mentors. The unit could also support entrepreneurs in making introductions to much-needed capital and fostering partnerships with large companies.”
These potential italicized resources are described in the Task Force report as:
Entrepreneurial Training Program
The Entrepreneurial Training Program (ETP) is a partial solution to recommendation 3 from the Task Force report.
“ACS should work with academic institutions and other relevant organizations to promote awareness of career pathways and educational opportunities that involve or include entrepreneurship.”
Admission into both programs will be through a competitive screening process. Applications of the programs can be found at www.acs.org/ei. The deadline for applications to these programs will be March 15th, 2012. For more information please refer to the website. Please note that the website is being built now, so more information will be posted on the site as it becomes available. Inquiries about the Entrepreneurial Resource Center and the Entrepreneurial Training Program can be directed to firstname.lastname@example.org.
These ACS initiatives sound very promising. Members considering this career path may also be interested in some free online courses in entrepreneurship offered through Stanford University. www.venture-class.org
Thank you for the link, Wendy. I will check it out.
The ACS CEC (as Dave Harwell called out in his post on this thread) is an ACS Grassroots coalition of ACS Divisions, Committees and partners whose charters and energy are directed at supporting chemical/chemistry entrepreneurship. Our org structure includes 3 subcommittees: Education & Training; PR/Outreach; and Resource Map/Roadmap of products, services, information for entrepreneurs or would-be entrepreneurs.
So as we map the resources available to our membership across the innovation pipeline from concept to job creation, we will be including as many resources, products, services, informational material as we can to help bring it to light for our members' benefit.
I'll be starting a thread on CEC shortly for more information.
What new programs are coming out of CEC? And from the ACS? Programs that will help ACS members start/expand chemical companies? Chemists are still being "laid off" and hiring is slow. The option of starting one’s own company is appealing, but assistance is needed. What is ACS doing? My understanding is that "job creation" was a primary goal. But when? I see nothing in 2012 from ACS will help, 2013 at the earliest, but at this pace, 2020, if at all.