C02 - About the Burton D. Morgan Foundation & the Entrepreneurial Ecosystem of Northeast Ohio

Q.1

The Burton D. Morgan Foundation is a $130 million Foundation dedicated to the cause of entrepreneurship and entrepreneurship education in Northeast Ohio. What did the speaker, Ms. Deborah Hoover, say was one of the favorite quotes of its founder, serial entrepreneur Burton Morgan?

“Only the rich and famous and successful succeed.”
“Failure never stopped anybody who is truly determined to succeed.”
“Success comes to those who don’t make waves.”
“Whether one succeeds as an entrepreneur is primarily a matter of luck.”

Q.2

How did the speaker say entrepreneurial ecosystems compare from region to region across the country?

The basic structure of each region’s economic and entrepreneurial ecosystem is about the same.
Much work needs to be done in Northeast Ohio to bring our region’s ecosystem up to standard.
Northeast Ohio’s entrepreneurial ecosystem has been strong for many decades.
Every entrepreneurial ecosystem is unique since they grow out of the culture and idiosyncratic characteristics of each different region. Recently, Northeast Ohio’s ecosystem has become one of the most robust in the USA.

Q.3

The State of Ohio is known throughout the country for a voter approved program that provides state funding in support of the development of entrepreneurs and startups in key technology areas. What is that program called?

The Ohio Benevolent Fund.
The Ohio Third Frontier Program.
The Buckeye Stimulus Fund
The Ohio State Employees Pension Fund.

Q.4

Ms. Hoover gave many examples of programs within the entrepreneurial ecosystem of Northeast Ohio. One of those examples was Northeast Ohio’s Flexible Electronics Regional Cluster which focuses on electronics embedded in flexible materials. Which of the following statements further describe this Cluster?

It grew out of the Liquid Crystal Institute at Kent State and the polymer research at the University of Akron.
Flexible Electronics is a major area of focus for Northeast Ohio’s NorTech economic development organization.
Northeast Ohio’s flexible electronics cluster has the potential to become one of the top industry centers globally.
All of the above.

Q.5

Which of the following were cited as reasons why Northeast Ohio’s robust ecosystem should be of interest to students?

More than 20 colleges and universities in Northeast Ohio have significant entrepreneurship programs.
There is a tremendous amount happening in Northeast Ohio as it reinvents its economy for the future.
Today’s students can be part of this transformation that is taking place in Northeast Ohio.
All of the above.