CREATE-X is a Georgia Tech initiative to instill entrepreneurial confidence in students and empower them to launch successful startups. The broader goal of this initiative is to provide the knowledge, skills, abilities, and experiences that will give Georgia Tech graduates the confidence to create their own future and confidently pursue entrepreneurial opportunities.
CREATE-X consists of the programmatic elements of LEARN-MAKE-LAUNCH. The CREATE-X initiative is unique because of the following core philosophies:
Students explore entrepreneurship through the ultimate experiential learning mode – launching their own startups with seed funding, legal assistance, and intensive coaching.
All key elements of CREATE-X are curricular – students receive credit that counts toward graduation.
The emphasis in CREATE-X programs is on “Impact Startups”, or in other words startups that are likely to have long-term impact as opposed to only short-term gain.
The Institute leadership pledged early support for the initiative and with a seed gift from alumni donor Chris Klaus, and subsequently from the Marcus Foundation, CREATE-X has been successfully running iterations of signature programs over the last three years. There have been significant outcomes out of these programs that have clearly validated the impact of the initiative, and have informed how it should be shaped and grown going forth. In addition to the 159 startups launched over the last five years, the following are some key student and faculty metrics for CREATE-X:
- Startup Lab teaches evidence-based entrepreneurship. This semester-long 3-credit class covers creativity, teaming, startup metrics, MVPs, and business models.
- Tech Ventures is a graduate-level class that the theory and practice of startups. It is an interdisciplinary class that offers 3-credits.
- Deliberate Innovation is a graduate-level class focused on how to lower risk through an innovation process built on proven principles from behavioral economics, developmental and social psychology, and combining it with the logical framework applied to innovation.
- The Invent Workshop teaches practice-based fundamentals to students interested in invention: ideas and actions that create value and lead to positive change.
- Deep startups is an idea series where experienced entrepreneurs and industry veterans talk about the big problems that are worth solving by new startups.
- CREATE-X Scholars is a scholarship program for incoming freshmen students who are want to pursue an entrepreneurial future.
- Idea to Prototype is an undergraduate experience that gives teams resources (up to $1000 per team) and technical faculty mentorship to make their idea into a working product.
- CREATE-X Capstone is an undergraduate senior design for interdisciplinary teams of students to work on their startup product idea and receive senior design credit while doing so.
- Legal Buzz is office hours held by local law-firms on a pro-bono basis and is open to all GT students.
- Startup Launch is where students “intern” to launch their startups. Teams are provided with grant funding ($4k each) and $30k worth in-kind services including legal services, accounting services, personalized coaching, space, industry mentorship, IP production, and visibility.
We can do that
Be sure to watch CREATE-X alumni, Nick Selby, talk about entrepreneurial education at Georgia Tech in his graduation speech. Nick was part of Batch 2 with clean energy startup Airdash #wecandothat WATCH NOW>