Academic Working Capital
LET’S GO, LET’S DO THIS!
Academic Working Capital is an entrepreneurial education program that supports students who want to turn their Final Projects (TCC) into a technology-based company.
Students participate in workshops and bi-weekly monitoring meetings that contribute to creating an ecosystem in which everyone is imbued with the idea of endeavor. AWC offers financial support for the purchase of consumption material for the construction of true engineering prototypes. At the end of the year, groups present their products to investors and entrepreneurs.
The AWC cycle is divided into the following steps:
- Registration (public notice + selection). The groups must be formed by 2 to 4 members and the team coordinator must be doing the TCC.
- Workshop I (face-to-face and online). The focus of the lectures and dynamics is the problem test, which the solution seeks to solve, and the user’s journey.
- Monitoring (1st phase). Groups seek answers to the hypotheses they created to validate the problem.
- Workshop II (face-to-face and online). The solution test stage and detailed design begins with the elaboration of the product requirements.
- Monitoring (2nd phase). The groups continue to test the solution and are directed to make the first sale and consolidate partnerships.
- Workshop III (face-to-face). The groups test the product and prepare for the Investments Fair.
- Investments Fair (demoday). The groups present their solutions to specialists, entrepreneurs and investors.
Visit the Academic Working Capital website to learn more about the initiative
Access the AWC channel on Youtube and check out the videos from the online workshops and hangouts
Follow the AWC program on Twitter
WHAT IS THE SCENARIO IN WHICH THE PROJECT IS INSERTED?
The creation of new businesses is a key element for the generation of work and income and therefore for the growth of any nation. When they graduate, Brazilian students leave university in search of a job. Few students put the option of starting a business as a career alternative. In addition, most incentive programs for innovative start-ups focus on professionals already organized in a formal structure. Between the university and the creation of the company there is a gap that is not covered by these programs.
According to Endeavor Brasil report about Entrepreneurship in Brazilian Universities, only 11% of undergraduate students had (or have) a real entrepreneurial experience, but 63% did some subject related to entrepreneurship. The conclusion is that a disconnected and formal activity in one discipline is not enough to make the necessary impact for a cultural change.
AWC’s goal is to transform powerful papers into solutions for people’s lives. In addition to leveraging the creation of new businesses and new technologies, the program offers a professional alternative to newly graduates.
- Workshop I (Days 1, 2, 3 and 4) + Workshop III (Days 1, 2 and 3) + Investments Fair
- 12 projects
- 28 students
- 3 universities: UFRJ, UFSCar and USP
- 3 cities: Rio de Janeiro-RJ, São Paulo-SP and São Carlos-SP
- 2 startups created: Mvisia and Tech Talk
- Workshop I (Days 1, 2 and 3) + Online Workshop + Workshop II (Days 1, 2 e 3) + Workshop III (Days 1 and 2) + Investments Fair
- 27 projects
- 72 students
- 19 universities: CEFET-MG, Centro Universitário Católica de Santa Catarina, Faculdade de Tecnologia Termomecânica, FATEC São Caetano do Sul, PUC-PR, UnB, UNESP, UNIOESTE, UNIPAMPA, Universidade Positivo, UFABC, UFFS, UFOP, UFSCar, UFSJ, UFU, USP and UTFPR
- 18 cities: Bagé-RS, Brasília-DF, Campo Largo-PR, Cerro Largo-RS, Curitiba-PR, Divinópolis-MG, Foz do Iguaçu-PR, Guaratinguetá-SP, Joinville-SC, Leopoldina-MG, Ouro Preto-MG, Ponta Grossa-PR, São Caetano do Sul-SP, Santo André-SP, São Carlos-SP, São João del-Rei-MG, São Paulo-SP and Uberlândia-MG
Creation of the AWC Advisory Board
- 5 startups created: E-sporte, Fusion, Nanotropic, Periodiza and Turnit Healthcare
- Extension of the program for students of State Technical Schools (Etecs) of São Paulo
- Workshop I (Days 1, 2 and 3) + Online Workshop I (Days 1 and 2) + Workshop II (Days 1, 2 and 3) + Online Workshop II (Days 1 and 2) + Workshop III (Days 1 and 2) + Investments Fair
- 38 projects
- 111 students
- 26 universities and technical schools: CEFET-MG, CEUNES, ETEC Aristóteles Ferreira, ETEC Aristóteles Ferreira, ETEC Bento Quirino, ETEC Getúlio Vargas, ETEC Jorge Street, ETEC Júlio de Mesquita, ETEC Rosa Perrone Scavone, FATEC Araçatuba, IFMG, PUC-Rio, UCS, UFABC, UFBA, UFPR, UFRJ, UFSC, UFSCar, UFU, UnB, UNESP, Unicamp, UNIFIL, USP and UTFPR
- 25 cities: Araçatuba-SP, Bambuí-MG, Brasília-DF, Campo Mourão-PR, Campinas-SP, Caxias do Sul-RS, Curitiba-RS, Divinópolis-MG, Florianópolis-SC, Guaratinguetá-SP, Guarujá-SP, Itatiba-SP, Londrina-PR, Mauá-SP, Niterói-RJ, Ribeirão Pires-SP, Rio de Janeiro-RJ, Salvador-BA, Santo André-SP, Santos-SP, São Bernardo do Campo-SP, São Carlos-SP, São Mateus-ES, São Paulo-SP and Uberlândia-MG
- Realization of entrepreneurship training for Etec teachers (Days 1, 2, 3 and 4)
- 9 startups created: Road Labs, Detec, HES, DearGrand, RT Air Qual, Roadiebot, Horus, SelfUp and Colloc
- Workshop I (Days 1 and 2) + Online Interaction I + Workshop II (Days 1 and 2) + Online Workshop II (Days 1 and 2) + Online Interaction II + Workshop III (Days 1 and 2) + Investments Fair
- 32 projects
- 86 students
- 26 universities: CEFET-MG, Centro Universitário Internacional, ESPM, FATEC São Paulo, Faculdade Evangélica do Paraná, Faculdade Santo Agostinho, FGV, Instituto Mauá de Tecnologia, PUC Minas, PUC Rio, Universidade Anhembi Morumbi, UnB, USP, Unimontes, UFBA, UFGD, UFG, UFMG, UFSC, UFSJ, UFU, UFCE, UFPR, UFRJ and Universidade Mackenzie
- 16 cities: Belo Horizonte-MG, Brasília-DF, Curitiba-PR, Divinópolis-MG, Dourados-MS, Florianópolis-SC, Fortaleza-CE, Jataí-GO, Montes Claros-MG, Rio de Janeiro-RJ, Salvador-BA, São Caetano do Sul-SP, São Carlos-SP, São João del Rei-MG, São Paulo-SP and Uberlândia-MG
- 9 startups created: Helidrop, NextCam, Aqualuz, K.bana, Centrics, Homeshelf, Nectu and Tulltech
RESULTS, ACHIEVEMENTS AND STORIES
Sharing the support to entrepreneurship and the AWC approach with technical education students and teachers is one of the goals of the program in 2017. This year, for the first time, students from State Technical Schools (Etecs) of São Paulo participated in pilot format. Also, around 20 teachers from seven Etecs and one Faculty of Technology (Fatec) participated in a training promoted by AWC to expand knowledge on entrepreneurship, business modeling and mentoring in the development of technology-based products.
Learn more about it: AWC: impact on teachers and students of Etecs
There are more entrepreneur women than men, according to the Global Entrepreneurship Monitor 2016 survey. Almost half of these new female entrepreneurs are concentrated in activities such as domestic service, beauty, clothing and cosmetics, but they are increasingly betting on areas that are often dominated by men – and in AWC is not different.
Learn more about it: Women participation doubles at AWC
One of the participating teams of AWC 2015 won Santander Universities 2015 Award in the Entrepreneurship category. Fernando Torres Velloso, Fernando Paes Lopes and Henrique Oliveira Martins, undergraduate students of Mechatronics Engineering at the University of São Paulo enrolled in the award with the Eucalyptus Seed Selector Project, currently called Mvisia.
Learn more about it: AWC team wins national award