Technology Commercialization and Entrepreneurship Degree

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Technology Commercialization and Entrepreneurship Degree Powered By Docstoc
					Lally Workshops
    Lois S Peters
Endless possibilities
    Nanotechnology              Photovoltaics
    Programmable
     Matter                      APT
                              Advanced Propulsion
    Photonics                Technology
                              (thermal-cycle technology)

    MEMs                        Wireless

     Fuel Cells
     (the hydrogen economy)
    Superconductivity        Computing
Getting the most
out of Investment
in Technology-
Invention is not
A flexible program designed for
those who want to leverage their
passion for science and
technology into programs ,
products/processes/services and
businesses that will create
economic value or contribute to
benefiting society and solving its
Those who want to see their
own intellectual property be
transformed into something
useful for society

Those interested in
facilitating technology
commercialization and
   What is the opportunity?

   What is the problem?

   What are we trying to do?

   Why can we do it better?
   Rensselaer is known for science and technology excellence.

   Lally school curriculum and research is known worldwide
    for its excellence in technology-enabled entrepreneurship
    and innovation.

   Rensselaer has low walls among its five schools

   The stage between a technology prototype and robust new
    product/process or successful new business is often
    described as a chasm. Practitioners, policy-makers and
    scholars point to the importance of addressing this

   Few if any schools worldwide are addressing the special
    skill sets required to ensure that advanced and emerging
    technologies will reach their potential in terms of providing
    value to society ( e.g. bridging the chasm)
   Scientists and engineers are often frustrated because they don’t
    see their efforts come to fruition through creating societal
    benefits both economic and otherwise – this problem is global
    and not just unique to RPI S&E.

   There are a good number of students who are enamored by
    science and technology and have a good grasp of it but would
    rather not engage in developing it. They are frustrated because
    they can’t see a path to leveraging their abilities in ways that are
    satisfying beyond discovery and invention.

   Technology commercialization demands both the technical
    understanding and the management “know-how”. There are an
    inadequate number of individuals trained to be experts in this
                             Those with a managerial focus and
                             knowledge of science and engineering
                             practice and…
                             Those with a science and engineering
                             focus and knowledge of management
                             practice are needed
   Scientists and engineers who envision themselves
    running an R&D laboratory
   Scientists and engineers who are inventors or
    owners of intellectual property that want to see
    their discoveries converted to products,
    processes, services or new businesses
   Those who have studied science and engineering
    who have decided that they do not wish to
    continue in scientific discovery or developing
    technology but wish to leverage their capabilities
    in science and engineering
   Those who have studied management and wish
    to work in technologically intensive environments
    or science based industries
       Traditionally individuals have thought about TC&E
    as in terms of new product development or new firm
    formation or even the marketing of high tech

       A broader view is that TC&E also encompasses
    solving “big societal issues” such as climate change,
    clean air, water scarcity, environmental degradation,
    energy independence, health care issues etc.

       TC&E is not only about invention or creative
    technology enabled business ideas it is about
    deploying science and technology in ways that create
    social value or solve problems. As such it involves
    public policy, technology development , venture
    creation and technology transfer.
     To prepare a new breed of managers who have:

1.    advanced understanding of technology,

2.    fundamental understanding of commercial functions
      and analytics

3.    practical experience in the process of innovation and
      technological commercialization.

4.    knowledge of the appropriate legal principles and
      uses of intellectual property to accomplish strategic
   Module I: advanced studies in management
    ◦   Creating and Managing the Enterprise
    ◦   Business Implications of Emerging Technologies
    ◦   Commercializing Advanced Technology
    ◦   Finance and Accounting

   Module II: advanced studies technology, science or
    product design: 400 level science and engineering

   Module III: a customized law component: Examples
    given on next page
   Introduction to Intellectual Property
   Intellectual Property in Business Organizations
   Law of Technology transfer Patent and
    Technology Licensing
   Patents and Trade Secrets
   Product liability
   Technology Science and Law
   Contracts
   Product Liability
   Business incorporation, forms of the Enterprise
   Environmental Law
   TCE trains students to be experts in technology commercialization

   TCE sensitizes students to the need for and challenges of social
    responsibility when dealing with the technical, market, organizational
    and resource uncertainties of creating value based on emerging

   TCE educates students about the interconnection between national
    innovation systems, government initiatives ( regulatory and otherwise)
    and business strategy for start-up, growth and renewal depending on
    advanced and new technologies.

   Learn project management suitable to different aspects of technological
    entrepreneurship and innovation

   Students learn basics about patent law, intellectual property, licensing,
    contracts, business incorporation, and legal issues relevant to
    entrepreneurship and innovation ( e.g. liability and regulatory issues)
Articulation (Opp
Rec Framework)                             Business Concept

Learning Plan                               Business Proposal

Discovery Driven
Plan                                    Tested Business Proposal

Implement Biz
Proposal                                  Business Plan

Stage Gate                                      Incubation

                                     Innovation Capacity Analysis
   A technology roadmap
   Business concepts
   Feasibility plan
   Learning plans
   Patent license agreement
   Discovery driven plan
   A negotiated contract
   Analysis of a management system for
   Business plan
   Starting up a new venture
   Working in new ventures division in large established firms
   Product development positions
   Tech transfer companies – e.g., British Tech Worldwide
   Government lab technology transfer departments – e.g., Sandia
   Government science and technology councils, agencies (NYSERDA) etc.
   University technology transfer programs or specialized units such as Albany
   Technology Start-ups
   New business centers in R&D departments
   Investment banks and venture capital firms
   Consulting companies which feature new product development or technology
    management consulting
   Media companies looking for new content delivery technology
   Support to corporate strategy, marketing or chief innovation officer departments
   Social entrepreneurship enterprises and non profit corporations
   Sustainability enterprises
   Product Design positions….etc
   State approved masters program at AACSB accredited

   Severino Center for Entrepreneurship and Innovation
    ◦ Community Outreach and networking
    ◦ Out of classroom experiences for nascent entrepreneurs
    ◦ Directed help for innovators, entrepreneurs and corporate
    ◦ A continuing commitment to issues of sustainability,
      energy and the environment

   RPI Vice Provost for Entrepreneurship
    ◦ Teaching entrepreneurship across the RPI curriculum
    ◦ Individual coaching
    ◦ Web-based resource for entrepreneurship
               Connecting Academia and
                      Rensselaer Business Plan Competition
Severino Interest Group                 Student Sandbox
Student E*ship Club     EOY       REIP
                      Entrepreneur of the Year      Entrepreneur
                                                 Internship Program
                            Proof of                      Strategy/Enti   Demonstrati
Imagination   Innovation                   Feasibility                                  Launch
                            Concept                        ty Creation       on

                                        Business Plan Competitions

                            Entrepreneur of the Year Celebration

Change the World Challenge                               Alumni Mentors Program

                       Severino Interest Group (SIG) Breakfast Meetings

 Elevator Pitch Competition                                   Venture B Plan Series

         Class of ‘51 E*ship Fund

New Horizon Series                     Pre-Seed Workshop          TM

                                   Exemplars Program
                                      Proof of                   Strategy/Enti   Demonstrati
   Imagination      Innovation                    Feasibility                                  Launch
                                      Concept                     ty Creation       on

                                 Severino Center for Technological Entrepreneurship
                 Office of Tech. Comm. (OTC)

Vice Provost E*Ship Office                                      Incubator                      Tech Park

                                        Entrepreneurs in Residence (EIR)

                    School of Engineering                           Lally School of
                    School of Architecture                           Management

    School of Science

NYSTAR, CEG, Syracuse Tech Garden, Albany Law School Collaboration, Accelerate 518

                                                                Student Sandbox

                                             Entrepreneurship Club
Why Not Change the World?

      THANK YOU!

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