yef book introduction

A Book from the Young to the Younger

A 270-day journey in this “Flat” Worldto re-discover oneself &to find one’s path to move onwww.epoch.org.tw/yefbook.php

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Creating a Bump

in This Flat World

http://www.epoch.org.tw/yefbook.php


Overview

Creating a Bump in This Flat World finds its root in an entrepreneurship competition, Young Entrepreneur of the Future (YEF). YEF is much more than a competition. It is a talent development program, which targets at graduate and undergraduate students in Taiwan, in order to broaden their global horizons and enhance their international competitiveness. Within this book are the journeys the participants have taken and the impacts they have had from YEF.

The Series of YEF Events

1. YEF Campus Tours

2. Online Application & Team Building

3. Garage Party

4. Business Summary Evaluation

5. Elevator Pitch Competition

6. Entrepreneurial Workshops

7. English Oral Assessment

8. Expedition to the Heart of

Entrepreneurship: Silicon Valley & Boston

9. Wrap-up Presentation


7 Chapters, co-authored by 59 young people


Chapter I: Let’s Team Up!

Building a team is the first step at YEF

To promote and advertise yourself

To identify your goal

To find out your partners and team up with them

To build a reciprocal team, not a team of perfect people

To learn as a leader and also as a team player

To discover more about yourself after all these


Garage Party

Many entrepreneurs start their businesses in the garages. Therefore YEF organizes the garage party for its participants to network and introduces the entrepreneur mentors to them


Chapter II: Lessons from the

Entrepreneur Role ModelsSeven successful entrepreneurs from Taiwan shared their entrepreneurial stories at YEF Garage Party

Sayling Wen, Late President, Inventec (http://www.inventec.com.tw/) Barry Lam, Chairman, Quanta Computer (http://www.quanta.com.tw/) Stan Shih, Founder, Acer Group (http://www.acer.com.tw/) Bruce Cheng, Chairman, Delta Electronics Inc.

(http://www.delta.com.tw/) Wu-Fu Chen, Co-founder and Managing Partner, Acorn Campus

Ventures (http://www.acorncampus.com/) M.K. Tsai, Chairman, Media Tek. ((http://www.mtk.com.tw/) Paul Hsu, President, Epoch Foundation (http://www.epoch.org.tw/)


Meeting the Entrepreneur Models

They not only set excellent examples in their own fields, but are role models to future entrepreneurs!


Chapter III: Unstructured Learning

Learning by doing To develop a solid business plan under the guidance from

the mentors in related industries To sharpen team building skills

- Mutual-Goal Setting

- Relationship and Communication

- Recognition and Appreciation

- Commitment

- Accountability

- Leadership, managing team dynamics through leadership


Chapter IV: 8 ½ Minutes to Sell!

Elevator Pitch, Up or Down! How to present your business ideas How to convince ventures to invest How to work under the pressure of time

YEF Workshops Team Building at Start-ups Entrepreneurial Financing Managing Innovation and Product Development Corporate Entrepreneurship: Reinventing for Sustainable Growth Entrepreneurial Marketing Managing Changes


8 ½-Minute Elevator Pitch

Up or Down!

At the Elevator Pitch Competition, participants have to promote their products and convince the judges within 8 ½ minutes.


Chapter V: Expedition into the Cradle of

Entrepreneurship — Universities

Each year, YEF will select 15 finalists out of approximately 200 participants through Elevator Pitch Competition, Peer/ Mentor Assessment, and English Oral Assessment. This delegation visit Silicon Valley and Boston, where the most dynamic entrepreneurship takes place in the United States, for two weeks. In this book, the finalists share their observations at the following universities. Massachusetts Institute of Technology, MIT Stanford University University of California, Berkeley California Institute of Technology Laboratories at MIT-- CSAIL and Media Lab The MIT50K Entrepreneurship Competition


Universities– where creativity and innovation meet


Chapter VI: Pursue Your Success with Passion

Visit the Innovative Companies: - Google - IDEO - Red Sox

Meet the Entrepreneurs: - Victor Zue, Director of MIT CSAIL - Deng-Feng, Founder of Netscreen (merged by Juniper Network in 2004)

- Colin Angle & iRobot - Russell J. Wilcox & E-ink - Raymond Lau & iPhrase - Kamran Elahian & Schools Online

Social Entrepreneurs: - Design that Matters (http://www.designthatmatters.org/) - Junior Achievement (http://www.ja.org/) - Fair Trade Coffee


Pursue the Success with Passion

Over the fortnights, YEF has set its foot on both the East and West Coast, talking vis-à-vis with entrepreneurs and social entrepreneurs.


Chapter VII: YEF Sharing from Alumni

Each year we have more than 200 YEF participants. To them, YEF is not an end but a start. Some of them have taken their next steps in life and now look back on the valuable lessons they have learnt during YEF. Knowing more of yourself and improving yourself Teamwork wins; the glory of heroes is long gone Impact of globalization: the more prepared and earlier, the better Learning and thinking out of the box Pursuit of what you love, not what you have to


Kai-Fu Lee (李開復 )Vice President, Engineering, Product, Public Affairs & President, Greater China

Shi Zhengrong (施正榮 )Founder & President, Suntech Power Co.

Stan Shih (施振榮 )Founder, Acer Group

Victor Zue (舒維都 )Director, MIT Computer Science and Artificial Intelligence

Laboratory

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