Episode #029 Shaping Minnesota’s Entrepreneurial Ecosystem with Diane Rucker
The Twin Cities Wellness Collective™ Podcast
English - October 04, 2018 04:00 - 55 minutes - 25.4 MB - ★★★★★ - 46 ratingsHealth & Fitness Business wellness health business fitness well-being quality of life self-improvement business growth entrepreneurs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Diane Rucker is the Executive Director at University Enterprise Laboratories, a non-profit incubator dedicated to supporting early stage life science and technology ventures.
In this episode, Diane shares her passion and expertise in balancing timelines, resource constraints and hit impossible goals, her advice to starting entrepreneurs, how she aids start-ups to work towards success, the entrepreneurial ecosystem at Minnesota and how she maintains her own professional well-being.
“Taking a risk as an entrepreneur means that you need to have the rest of your life balanced in a really good space before you can reach out and make that huge leap.”
- Diane Rucker
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Exploring the 428: The Intersection of Well-Being and Entrepreneurship- October 18, 2018
Timestamps:
06:01 — All about UEL and how they help start-up communities
07:25 — Why UEL shift to focus on helping start-ups?
10:50 — Entrepreneurial ecosystem of Minnesota and the importance of connection amongst ecosystem
14:27 — Key differences of entrepreneurs in Minnesota compared to other entrepreneurs
16:00 — Barrier to success factors of Minnesota start-ups: risk-tolerance and capital availability
23:00 — What is the impact of companies having close proximity to other companies
24:40 — Why she is passionate about entrepreneurship?
26:41 — How the experiences from her prior work translate to what she is doing today?
27:48 — Strengths of every entrepreneurial ecosystem
28:53 — UEL’s journey in supporting the bio-science ecosystem
34:21 — Diane’s advice to start-ups entrepreneur
38:34 — The 100K Competition: Pitch, Accelerate, and Launch
42:49 — Intersection of well-being and entrepreneurship according to Dianne
45:28 — Conscious choice to take on the risk of entrepreneurship
46:53 — Dedication to well-being to be a successful entrepreneur
Key Takeaways
“Any product that you develop has to have a technical bass, a customer and a plan for distribution for marketing and growth.”
“A lot of the prior work that I did, the technical expertise that I develop helped me to not only understand how you can get very deep into a project but also how that project engages with other parts of their ecosystem.”
“Understand your willingness to accept risk.”
“Be realistic of what you are trying to do.”
Connect with Diane Rucker p>
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