Finalist

Entrepreneurship Educator of the Year Award

Taewon Suh

Finalist of the Entrepreneurship Educator of the Year Award

Texas State University - United States

"Startup as a Classroom: "Students collaborate with international startups.""


Engage on social media

https://www.facebook.com/groups/eigcommunity
(EIG's community site on Facebook since 2011)
YouTube: https://www.youtube.com/@previoxr7434/videos
(The YouTube cite of PrevioXR, an EIG startup)
https://www.instagram.com/eigtxstate/?hl=en
(EIG organization on campus at Texas State University)
https://www.linkedin.com/in/taewon-suh-35934716/
(The LinkedIn account of Taewon Suh)

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Summary

The promotion of entrepreneurship by the educator typically involves the Entrepreneurial Innovators Group (EIG), a worldwide R&D community that nurtures startup teams with global aspirations in multiple localities (https://www.eig.community/). Founded by the educator in 2010, EIG has 250+ members across 25+ countries and has created local units in four different cities, including Austin, Seoul, Meisenheim, and Ulsan. EIG has also launched three active startup companies and three student organizations. Twice a year, EIG teams come together for Blended Innovation (BI), a community-wide collaboration event with external partners. During BI, EIG members and partners collaborate to learn innovative ways of conducting business and to establish startup teams. For student members who are part of EIG@campuses or those in his courses, BI offers a collaborative environment where international company partners and EIG startups welcome them to collaborate on innovative startup projects.

In multiple courses he teaches, the educator collaborates with company partners to identify challenges or opportunities the company encounters. Based on this, they create projects that task students to analyze the situation, devise potential solutions, and deliver their conclusions to the company. These capstone projects offer students a comprehensive comprehension of the entrepreneurial obstacles and prospects encountered by businesses in the real world, all while developing their critical thinking, problem-solving, and communication skills. Moreover, students can benefit from the diverse viewpoints of senior EIG members involved in the projects. Furthermore, these projects can provide companies with novel perspectives on resolving challenges and detecting new prospects for growth and innovation.

Key People


Taewon Suh
Barshop Excellence Professor of Entrepreneurship
Marketing,  Texas State University, McCoy College of Business


Acknowledgements

I would like to extend my heartfelt appreciation and gratitude to EIG's valued partners for their collaboration and support over the years: Bito Campus, Nexuscommunity, McCoy College of Business, Creative Goods, Bithumb Meta, MidasIT, BITO, Key Group, PerfectDD, TRYFIFTY, Dovetorabbit, Egosoft, INSBIO, Dreamfarm PF, Solar Optics, Oryeri Tech, GENTLE PAPA, SJ Natural, Mass Asia, Gunn Production, Frisky Whiskey, VisualSyn, Careyou, and BioCubix.

Images

EIG inaugural event in 2010

EIG conference in 2016 & 2018

EIG campus units in three universities

EIG R&D units

EIG local units in three continents & startups

Portait

IMPACT STORY

Impacting lifes

EIG is a community for producing startups that encompass local and global characteristics, building very strong teams through a long-term, organic process, and ultimately creating a sustainable business ecosystem. This goal is captured in the EIG Mission: “We learn to build sustainable business ecosystems by recognizing the inadequacy of our individualism and striking a balance between our freedom to pursue creative ideas and real-world requirements. We resonate with each other globally and support startups by our members.”

As a global group, maintaining diversity is expensive. It takes a lot of effort and time to sustain the diverse life force within and express it outwardly. For this, we have the EIG Philosophy: “We stand together on our vision and live on each other’s passion. When we recognize and share the universal source of that passion, everything will make sense, and everything will flow.”

EIG began in December 2010 with a dozen multinational young people who used to gather in front of Hongdae, a hot spot in Seoul on cold winter nights when the temperature reached minus 20 degrees Celsius. They stay up all night to burn off their passion. After thirteen years of being a heartbeat away, EIG has entered a phase where we have startups in multiple localities. We've become a truly global community connecting several cities on several continents and growing young entrepreneurs. While our outward appearance has changed, we are proud that the mission written thirteen years ago is still at the center of our hearts.

LEARNINGS

Lessons learned

It is a common refrain from startup experts that the key to business growth is people. While it's true that skilled individuals play a critical role in driving growth, upon closer examination, the startup process is still primarily centered on technology and capital. People, as important as they are, are just one of several resources required to succeed. In contrast, EIG is dedicated to fostering startups with a truly human-centric approach. Specifically, EIG and the educator aim to create startups that prioritize building and sustaining a cohesive team.

We need to transplant the younger generation into the global ecosystem, and it would make more sense to do so organically and through various methods. We don't just need to raise one species; we need to raise a variety of species. We need to find, plant, and nurture not just the talent within our institutions but the talent hiding in plain sight.

Ultimately, innovation comes from authenticity, If you have the resources to help the younger generation, perhaps you should spend more time doing the mundane, unglamorous work of identifying who it is that needs to be helped and finding them in different ways rather than simply allocating those resources based on mere expediency. To maintain the status quo, it is enough to do your job well in your existing place, but to innovate, you need to be willing to change your mind and position. But if you are willing, there will be paths, and they will, in fact, be many.

FUTURE PLANS

What's coming?

A startup-nurturing model does not always need to follow the Silicon Valley methodology. The leading methodology will, of course, seek to generalize. Still, the diversity and unpredictability of real-world conditions will make generalization virtually impossible: there is no universal general model in entrepreneurship. We need an ecological model of diverse startups that grow in different ways. We want to slice and dice that startup market. We want the authenticity of essence rather than a style that appeals to the masses. Our attitude towards the market should be the same: we want to fragment and deconstruct the market. We want to burrow into the niches of the dinosaurs and bring new life to them.

Therefore, blending our startup germination with the partnership with international companies, EIG’s three-year strategic options for the younger generation (i.e., students) are twofold. The first is market-decoloring, where we collaborate with small red fishes to decolor the red ocean. There are several ways to innovate in an industry considered a red ocean: an industry that is highly competitive and saturated with existing players. We would dive into the red ocean and decolor it when most of them struggle to find a blue ocean. The second is market-shaping, in which we collaborate with new species and shape a market. Although some startups have great technology and a willingness to take risks, they do not know how to shape a market for their product. Market-shaping involves strategically creating demand, shaping customer behavior, and reshaping the competitive landscape.


KEY STATISTICS

250+

Number of EIG members

25+

Number of countries of origin of EIG members

32

Number of entrepreneurial projects done since 2010

950,000 USD

Amount of seed funding gained for internal startups

5

Number of startup companies officially registered since 2010

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