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SESSION 3454

UTILIZING ENGINEERING ENTREPRENEURS TO INSTILL AND ENHANCE ENTREPRENEURSHIP IN TODAY’S STUDENT POPULATION

Vincent Gallogly, Adjunct Professor

The Cooper Union, Albert Nerkin School of Engineering, New York City.

ABSTRACT Meeting the dual challenges presented in today’s engineering schools by the bright, energetic student with the dream of turning her ideas to riches, and awakening the interest of the research, detail oriented, single solution student to the vagaries of the market place and the entrepreneurism; harnessing energy and enthusiasm, without stifling it, teaching the basics of business finance, market cap, accounting, law, intellectual property, etc., without turning the motivated student off while instilling an entrepreneurial mind set in the researcher are the tasks of the teacher of entrepreneurial studies.

To meet these challenges, at Cooper Union we are drawing on the talents of our engineering alumni, friends and members of our extended family to deliver to students their first round of education in developing an entrepreneurial venture and an entrepreneurial outlook on activities. Participants in the entrepreneurship course are required to form teams of not less than three nor more than five members and develop a business plan for a product or service of their choice. This development of a plan is a model that has long roots in entrepreneurial education at the business schools of America.1 We, at Cooper Union, are utilizing a combination of case studies, guest lectures and off campus visits to deliver the required tools and motivation. The course culminates in the student presentation of their business plans to their classmates and a group of venture capitalists.

THE PROGRAM AT COOPER UNION To support the entrepreneurial curriculum and to participate in the classroom, both for imparting the tools and for plan review, the course director seeks out and recruits from

Proceedings of the 2001 American Society For Engineering Education Annual Conference & Exposition Copyright © 2001, American Society for Engineering Education

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Gallogly, V. (2001, June), Utilizing Engineering Entrepreneurs Paper presented at 2001 Annual Conference, Albuquerque, New Mexico. 10.18260/1-2--9990