It’s time for everyone to get to know the people behind the scenes of Innovate ND and the best entrepreneurial resources that North Dakota offers – the amazing Innovate ND partners.

This week, get to know the folks at the UND Center for Innovation and learn about what type of assistance they can offer to Innovate ND participants. Here is a message from the Center for Innovation’s Eric, Katie, Rodrigo and Bruce:

The Entrepreneurial Mindset

Today we will look at how entrepreneurs develop the motivation and intention to pursue their opportunities. We know about about ideas and the power they have to become entrepreneurial opportunities when the idea has the ability to provide a clear consumer utility.  And about the transition that must occur for that opportunity to successfully enter the marketplace through a carefully constructed transaction. It seems like if you can get those elements sorted out, by having an idea with utility and a consumer that wants to transact with you — then why wouldn’t you go pursue this entrepreneurial opportunity? Why? It’s the call of the unknown. What you need to calm these fears is an ever-alert entrepreneurial mindset. Entrepreneurship is the process of creating value by bringing together a unique set of resources to pursue an opportunity. Entrepreneurship is a way of thinking that emphases opportunities over threats. The biggest threat to the entrepreneur…the unknown future. The entrepreneurial mindset is one of intentions. What do you intend to do with your idea in order to succeed in an unpredictable world? The key is deciding if the marketplace cues are accurate and whether the perceived opportunity is real. Remember our call to action? Carpe Facultas…seize the opportunity.