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25 Years Of Technology Entrepreneurship

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Conference

2010 Annual Conference & Exposition

Location

Louisville, Kentucky

Publication Date

June 20, 2010

Start Date

June 20, 2010

End Date

June 23, 2010

ISSN

2153-5965

Conference Session

Post BS Entrepreneurship Education Needs

Tagged Division

Entrepreneurship & Engineering Innovation

Page Count

19

Page Numbers

15.5.1 - 15.5.19

Permanent URL

https://peer.asee.org/15660

Download Count

53

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Paper Authors

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David Barbe University of Maryland

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James Green University of Maryland

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James V. Green is Mtech’s Director of Entrepreneurship Education with responsibilities for the Hinman CEOs Program, the Hillman Entrepreneurs Program, and the Entrepreneurship and Innovation Program. As a Senior Lecturer and Associate Director with Mtech, Dr. Green designs and teaches undergraduate and graduate courses in entrepreneurship and technology commercialization. Dr. Green earned a Doctor of Management and an MS in Technology Management from the University of Maryland University College, an MBA from the University of Michigan, and a BS in Industrial Engineering from the Georgia Institute of Technology.

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Dean Chang University of Maryland

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Dean Chang is the director of Mtech’s award-winning venture creation programs and a strong advocate of preparing students to compete in the 21st century by weaving technology, business, and entrepreneurship together. Dean previously was CTO and VP Gaming at Immersion (NASDAQ: IMMR). Dean holds over 30 patents and received his B.S. from MIT and an M.S. and PhD in mechanical engineering from Stanford University. He also holds an MBA with honors from the Wharton School.

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Abstract
NOTE: The first page of text has been automatically extracted and included below in lieu of an abstract

25 Years of Technology Entrepreneurship and Innovation

Abstract

Over the past 25 years technology entrepreneurship programs of the Maryland Technology Enterprise Institute (Mtech), a unit of the Clark School of Engineering at the University of Maryland (UM), have evolved from an on-campus incubator for technology-oriented startup companies to a dozen innovative programs in entrepreneurship education, venture creation and industry partnerships, three of which are national models. These programs form an innovation ecosystem, a continuum that provides a full range of supportive activities for entrepreneurial endeavors. This continuum can be thought of as a system whose inputs are ideas, concepts and intellectual property (IP), and whose outputs are seasoned entrepreneurs and sustainable companies. Over 600 students enroll in Mtech’s entrepreneurship courses annually. Each year, the most promising research results are selected for company formation and enter into the Venture Accelerator Program for 1-2 years of intense mentoring. Mtech’s technology transfer program enables Maryland companies to access UM faculty and graduate students who develop new and improved products and services for the companies. Since 1987, these programs have contributed $22 billion to the economy of Maryland.

1.0 Introduction

Before 2000, most entrepreneurship programs were in business schools; however, since then, many, if not most, engineering and science schools have instituted various entrepreneurship activities, either alone or in cooperation with business schools. These entrepreneurship activities of engineering and science schools tend to concentrate on “technology” entrepreneurship.

2.0 Overview of Mtech’s Entrepreneurship Programs and Activities

Mtech began in 1984 as a result of an initiative of the Board of Visitors to encourage closer collaboration between the College of Engineering and industry in the State of Maryland. Initial programs included: On-campus incubator opened in temporary buildings and moved to a permanent building in 1998 Program to establish industrially oriented laboratories Manufacturing extension

In 1987, a new program was added to facilitate R&D projects for Maryland companies, carried out on campus by faculty and graduate students – Maryland Industrial Partnerships (MIPS).

Since 1999, Mtech’s entrepreneurship programs have evolved significantly with the following timeline:

1999 Hinman CEOs residential program for juniors and seniors 2001 Technology Startup Boot Camp University of Maryland Business Plan Competition

Barbe, D., & Green, J., & Chang, D. (2010, June), 25 Years Of Technology Entrepreneurship Paper presented at 2010 Annual Conference & Exposition, Louisville, Kentucky. https://peer.asee.org/15660

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