To increase exposure to the wide variety of careers available in the private sector, and to give participants a rare opportunity to exercise creativity, an entrepreneurial team activity was created for the 2007 NWC REU program. The activity was repeated in 2008. Teams used a business plan template shortened from one used in the University of Oklahoma's business college to take an idea that would solve some kind of problem or pain related to meteorology and create a business plan that they then pitched to the remaining participants. The remaining REU participants and director posed as venture capitalists with unlimited funds. Each plan was rated on a 5-point scale for creativity and voted on whether or not to fund. Of the six business pitches given over the past two years, four were relatively straight-forward applications of weather information. Those four pitches received nearly unanimous votes for funding. Interestingly, two business plans — one each year — were particularly creative. Although those two were unanimously voted most creative, they were not funded.
A relatively light evaluation was done in 2008 that detected some changes in attitudes toward the private sector. Shifts took place in both directions, cementing for one participant the appeal of the academic sector but increasing appeal of the private sector for another. Partnering with someone in the private sector might further enhance this activity and give participants opportunity to learn from someone with work experiences and insights about what may be the fastest growing sector in meteorology.
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