The educational institution will provide Brits with a mixed delivery of teaching at the Canary Wharf hub, with some lessons taught in person and others beamed from California in full HD.
The programme works on a part-time basis over ten weeks and is designed to provide STEM innovators with the guidance on how to make their business ideas a commercial success, drawing upon connections and culture from Silicon Valley.
Read more on ideas:
- Unilever to crowdsource business ideas and collaborate with innovators
- Richard Branson rallies SMEs as funding woes prevent British business idea development
- Jamal Edwards: “Amazing ideas to kick-start businesses are hindered by lack of belief”
Stanford-Ignite London will also explain to budding entrepreneurs the key management and practical aspects of taking a venture forward, as tutors will include staff members that teach the school’s MBA programmes and also industry experts and mentors from across the UK and globally.
In November, Real Business spoke to Jack Hidary, an adviser at Google, who explained that it’s not just about the entrepreneur, but also the ecosystem around them. Seemingly the new Stanford scheme could provide a nurturing environment in a way that’s been demonstrated by Tech City and Silicon Roundabout.
Outside of London, however, we’re seeing more of a digital focus from companies across the UK. Digital Catapult announced on 11 March that it is opening up digital innovation centres in Brighton, Yorkshire and North East & Tees Valley, while something of a War of Tech Cities has been declared.
Some participants will receive full scholarships, with participants admitted based on “excellence in their field, drive for innovation and potential to create world-changing impact.”
Alternatively, the course will cost around £6,500 and is open to “any technical professional with a bachelor’s degree and professional experience, or graduate students currently pursuing a masters, MD, PhD, Post-doc or other non-business related qualification.”
Read more on Silicon Valley:
- How far has UK come to close the gap on the US tech ecosystem?
- Silicon Valley Comes to the UK: The difference between British and American entrepreneurs
Bethany Coates, assistant dean for global innovations programmes at Stanford Graduate School of Business, said: “Britain’s rich history of science and innovation make it a natural choice for our new programme. We hope that by marrying this with our well-known business acumen and Silicon Valley thinking, we can really help to develop nascent ventures and new lines of business within existing corporations.
“If you are a talented individual with science and technology experience, who has been sitting on a promising idea, this programme provides a vital toolkit.”