Conference Session

Best Practices in Interdisciplinary Entrepreneurship and Innovation Programs

Collection

2007 Annual Conference & Exposition

Authors

Kari Clase, Purdue University

Tagged Divisions

Entrepreneurship & Engineering Innovation

through Engineering DesignGraduates that can frame problems and use a design-oriented approach with inquiry-based learning are needed in order to adapt to a rapidly changing society. Workforcedemands that students are able to diagnose and identify problems and design working Page 12.505.6solutions for ill-defined problems. The demand is magnified as disciplines merge andproblems become interdisciplinary, such as within the field of biotechnology, thuscreating a need for more inquiry-based learning at the undergraduate level. In order toprepare graduates for the global workforce, it is critical to develop a method to teachstudents creativity and

Conference Session

Best Practices in Interdisciplinary Entrepreneurship and Innovation Programs

Collection

2007 Annual Conference & Exposition

Authors

Daniel Raviv, Florida Atlantic University; Brandon Moore, Florida Atlantic University; Eiki Martinson, Florida Atlantic University

Tagged Divisions

Entrepreneurship & Engineering Innovation

occasional meetings with the sponsor were important and invited him to attend. At this point we all felt that we could help the world and so we were willing to take therisks involved in this project.Sharing royalties In many universities, graduate students that are sponsored by research projects do notshare royalties obtained from intellectual property. The research work is considered to be “partof what they are paid for”. In this project, I took a different approach: I decided to share a portionof my potential royalties with the students, since I felt that this teaming and appreciationapproach was a better one. Indeed, it has made the students very thankful and more ambitious tomake things happen.About the design While learning

Conference Session

Best Practices in Interdisciplinary Entrepreneurship and Innovation Programs

Collection

2007 Annual Conference & Exposition

Authors

Karen Thornton, University of Maryland; Jacqueline Rogers, University of Maryland (Retired); Kristen Waters; Nathan Myers, University of Maryland; Lisa Rawlings, Prince George's Prince Community College

Tagged Divisions

Entrepreneurship & Engineering Innovation

systems development and central computing support with a staff of 125. Page 12.1429.1 Jacqueline earned her BA from University of California at Santa Barbara in German Literature, and her MA and PhD from Yale University in German Literature. She is a Fellow of the National Academy of Public Administration.© American Society for Engineering Education, 2007Kristen Waters, University of Maryland As a research assistant for the University of Maryland's Office of Executive Programs (OEP), Kristen Waters co-authored an economic impact analysis of changes to Maryland's historic tax credit

Conference Session

Best Practices in Interdisciplinary Entrepreneurship and Innovation Programs

Collection

2007 Annual Conference & Exposition

Authors

William Birmingham, Grove City College; Blair Allison, Grove City College; James Dupree, Grove City College

Tagged Divisions

Entrepreneurship & Engineering Innovation

have strongentrepreneurial interests. These students want to develop their design projects into commercialproducts. One venue for commercializing design at our institution, Grove City College (GCC), isthe annual on-campus business plan competition. For the last four years, business andentrepreneurship students often partner in writing a business plan. Students received writtenfeedback from practicing technology entrepreneurs on their plans. That students report thecompetition as a favorable experience fostered the idea for what we called the High TechVenture Start-up course.The business plan competition, however, lacked several essential elements to be a fullyintegrated and maximally valuable educational experience. As important as business

Conference Session

Creating a Technology Incubator and Creating a Seed Fund

Collection

2007 Annual Conference & Exposition

Authors

Thomas Duening, Arizona State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

of Business at ASU.The Technology Venture Clinic (TVC) serves as a teaching laboratory but is run as a robust"market-focused" enterprise that leverages the intellectual capital of the ASU student body.Some of the university's brightest students, from several disciplines, including law, business,engineering and science, are recruited to work as members of this technology transfer team,gaining first hand knowledge of what works best in bringing new ideas to market. The studentswork in all aspects of technology venturing including patent investigation, business modeling,deal structuring, and market assessment and research. Twenty graduate students andundergraduate honor students are selected each semester to participate in a very competitive

Conference Session

Creating a Technology Incubator and Creating a Seed Fund

Collection

2007 Annual Conference & Exposition

Authors

Scott Laughlin, University of Maryland; Scott Magids, University of Maryland; David Barbe, University of Maryland

Tagged Divisions

Entrepreneurship & Engineering Innovation

asset of the Program developed for this phase is its simplified single contract. Inresearching impediments to investment in University IP, VA surveyed venture capital firms andtheir counsel. The results of this research showed that professional investors are very leery aboutentering into discussions with companies that have licensed IP from a University with whichthey are unfamiliar. The concern is that the work and expense of understanding and, in manycases restructuring, contracts issued by Universities outweighs the commercial opportunitiesavailable.To overcome this perception, the program has spent considerable time and effort creating asingle contract with the newly formed company that conforms to investment best practices in theareas of

Conference Session

Product Innovation and Entrepreneurship

Collection

2007 Annual Conference & Exposition

Authors

Bradley Kramer, Kansas State University; Jeffrey Tucker, Kansas State University; Bret Lanz, Kansas State University; Dale Wunderlich, Kansas State University; Jeffrey Katz, Kansas State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

completed including an inventionthat was recognized as one of the nation’s best in 2005 and a product that is being sold across thenation. Finally, we will reveal ways that K-State is realizing an economic benefit from theseactivities that goes beyond licensing intellectual properties and includes the production and salesof products.The program described in this paper enhances the education of university students whilesimultaneously deriving economic benefits for both university programs and private enterprise.This model increases the readiness of graduates for professional work, increases the likelihood offinancial returns to the university, transforms university intellectual property into market-readyproducts, and provides a resource to

Conference Session

Critical Success Factors for Technopolis Creation

Collection

2007 Annual Conference & Exposition

Authors

Carmo D'Cruz, Florida Tech; Frank Kinney, Florida Tech; Vaidy Vaidyanathan; Tom O'Neal, University of Central Florida; Clifford Bragdon, Florida Tech; Dennis Kulonda, Florida Tech; Grisselle Centeno, University of South Florida; Jose Zayas-Castro, University of South Florida; Lynda Weatherman, Space Caost EDC

Tagged Divisions

Entrepreneurship & Engineering Innovation

universities and colleges, plans to dramaticallyreduce this problem by methodical research and facilitation of best practices for technologytransfer and commercialization leveraging a unique educational program in experientialentrepreneurship and technology commercialization.SCION Objectives:The SCION Partnership objectives are to:1) Develop education and experiential entrepreneurship programs to promote technologycommercialization and entrepreneurship awareness2) Increase the number of technology entrepreneurs and high tech entrepreneurial start-ups in theSpace Coast Region3) Methodically research the effectiveness and organizational impact of the “EngineeringEntrepreneurship” program and workshops on the participants, their organizations, local

Conference Session

Entrepreneurship Tuesday Poster Session

Collection

2007 Annual Conference & Exposition

Authors

Joseph Morgan, Texas A&M University; Jay Porter, Texas A&M University; Marc Lockard, Lockard and White, Inc

Tagged Divisions

Entrepreneurship & Engineering Innovation

for Engineering Education, 2007 The Ethics, Leadership, and Entrepreneurship Seminar: Helping Students to Become LeadersAbstractRecently, the Electronics and Telecommunications Engineering Technology (EET/TET)Programs at Texas A&M University have created a new undergraduate initiative in the area ofentrepreneurship. The goals of the Engineering Entrepreneurship Education Experience (E4) arethreefold: • Excite and motivate undergraduate students to take ownership of their education by giving them opportunities to develop and market their own intellectual property. • Retain the best and brightest undergraduate talent in the Brazos Valley region. • Use entrepreneurship to help

Conference Session

Entrepreneurial Leadership and Non-traditional Ways to Engage Students in Entrepreneurship and Innovation

Collection

2007 Annual Conference & Exposition

Authors

Edward Coyle, Purdue University; Nancy Clement, Purdue University; Joy Krueger, Purdue University

Tagged Divisions

Entrepreneurship & Engineering Innovation

provides each student with the time and mentoring opportunities required to learn and Page 12.1438.4 practice different roles on the team, from trainee to design engineer to team leader. • Variable Credit Hours: An EPICS student earns one credit per semester as a freshman or sophomore. As juniors or seniors, they earn 1 or 2 credits per semester, with the choice being made by the student each semester. The doubling of credits available to juniors and seniors parallels their growing technical capabilities and organizational responsibilities. How the academic credit counts towards a student’s graduation requirements

Conference Session

Systems Engineering and Entrepreneurship

Collection

2007 Annual Conference & Exposition

Authors

Carmo D'Cruz, Florida Tech; Shoaib Shaikh, Northrop Grumman Corporation

Tagged Divisions

Entrepreneurship & Engineering Innovation

Engineering. One of thegrants funded entrepreneurial multi-university wireless senior design projects, while the othersupported a series of Electrical and Computer Engineering Department senior design teams withentrepreneurial commitment. Additionally, Florida Tech has been an active partner of the NSF-funded Partnership for Innovation - Center for Entrepreneurship and TechnologyCommercialization (CENTECOM) along with UCF, USF and Florida A&M University. Theresponse to these grants has been extremely positive, with 7 of 13 entrepreneurial senior designteams in 2005 intending to launch businesses around their senior projects. Additionally, therewere twelve graduate E-teams presenting their business ideas at the EngineeringEntrepreneurship Business

Conference Session

Systems Engineering and Entrepreneurship

Collection

2007 Annual Conference & Exposition

Authors

Barbara Karanian, Wentworth Institute of Technology

Tagged Divisions

Entrepreneurship & Engineering Innovation

attitudinalresponses that impact success for the engineering and science student and graduate’s career path.Definitions of leader effectiveness 26 and analysis of the entrepreneur 27 restrict the possibilityand availability of a unique set of dimensions in one individual. While few individuals may existas entrepreneurial leaders, those few rise as internal organizational advocates and stars.The author argues that these dimensions extend from observable behaviors and responses in faceto face interactions (interviews, workplace meetings, day to day practice) to attitudinalreflections. It is important to note that while research has considered the more general categoryof the entrepreneur on situational success, research has rarely examined the unique role of

Conference Session

Entrepreneurial Leadership and Non-traditional Ways to Engage Students in Entrepreneurship and Innovation

Collection

2007 Annual Conference & Exposition

Authors

Russell Dinardi, Lafayette College; Sharon Jones, Lafayette College

Tagged Divisions

Entrepreneurship & Engineering Innovation

fundamentals of business. Hal Kamine stated in a recent lecture at Lafayette College that one of the best courses he took at Lafayette was Engineering Economics, a course addressing the value of money and various ways of financing projects.38 With a requirement of courses such as this in the curricula, students will be better prepared for the real world, armed with the knowledge of both technology and the financing and marketability of the technology.• Upper-Level Design Courses which combine the technological innovations of engineering with the tools and analytical techniques of entrepreneurship: Upper-level labs can be created across the engineering disciplines which require students, in addition to designing products