This research began when the Kauffman Foundation funded EFN and the University of Michigan to bring together a group of partners to conduct the largest study to date on Entrepreneurial Mentoring. 34 partners advised the team and sent out the surveys including 23 universities, the National Science Foundation’s i-Corps™ programs, and 10 Techstars accelerators.
The published study- “Mentoring in Startup Ecosystems” – examines success factors in mentoring. Respondents included 820 people from university and private accelerator programs: entrepreneurs, founders, students, researchers, mentors, investors, company executives, university faculty and staff and program directors. To date, over 3,200 people have read this study. Get the study.
The 2018 surveys update the 2016-2017 instruments. The 2018 research engaged several hundred respondents from more than a dozen universities and private accelerators. Organizations are welcome to contact EFN to get be briefed on the study and/or to inquire about using the survey intruments.
The big takeaway from the 2017 study is clear! Mentoring is fundamental to entrepreneurial success but founders must be committed to the process and mentors must be highly qualified and fit well with entrepreneurs. The vast majority of entrepreneurs believe that mentorship has contributed to their ventures’ success. However, entrepreneurs benefit commensurate with their growth mindset and commitment and capacity to establish and sustain mentoring relationships including frequent interactions and meetings. Further, well structured and managed mentoring programs significantly improve mentor program performance and satisfaction.
The study addressed several key questions.
The 2018 survey reflects findings and lessons learned from the 2017 study. For instance, the 2018 surveys do not delve into research questions resolved in the 2017 study, such as preferred methods for mentor selection and matching. The 2018 surveys focus more on helping programs evaluate satisfaction, performance and outcomes. Additional focus areas further investigate prior research, such as, on the interpersonal qualities and factors that contribute to developing and strengthening strong and ongoing mentoring relationships.
The study and continuing research gives universities and private accelerators powerful new insight on mentoring program design, structure and training.
Learn about the Leaders and Advisory Board members from top universities, the Kauffman Foundation and the National Science Foundation. Our authors and co-authors are Thomas Jensen, Dr. Jeffrey Sanchez-Burks, Dr. David Brophy, Dr. Melanie Milovac, and Dr. Evgeny Kagan.
To help build the entrepreneurial community and implement the research findings, we have launched the Mentoring Leadership and Excellence (MLX) Forum, a Community of Practice. MLX gives everyone in the community opportunities to share their ideas to improve high quality entrepreneurial mentoring. To become a member of MLX, please subscribe to EFN Online and search for MLX.