Conference Session

Learning from Entrepreneurship Programs

Collection

2006 Annual Conference & Exposition

Authors

Gerald Nelson, Mississippi State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

transfer nationwide according to the Council on Governmental Relations.1 Thesignificant changes in the handling of Intellectual Property has enabled exclusive licensing bythe universities enhancing the ability of university personnel to participate in thecommercialization of technology. Over 300 public universities in the United State have sincecreated some form of Entrepreneurship program. In 2000, under the leadership of Dean A.Wayne Bennett, Mississippi State University’s Bagley College of Engineering recognized theneed to promote such a program.The Jack Hatcher Engineering Entrepreneurship Certificate Program at Mississippi StateUniversity was initiated on February 7, 2001, with a primary investment of $1.25 million. Sinceits inception as the

Conference Session

Entrepreneurship Division Poster Sessions

Collection

2006 Annual Conference & Exposition

Authors

Philip Rufe, Eastern Michigan University; Gary Rodak, Eastern Michigan University; Scott Pollock, Eastern Michigan University; Mary Finkel, Eastern Michigan University

Tagged Divisions

Entrepreneurship & Engineering Innovation

fluids for an entire transmission manufacturing plant. They couldonly do that by understanding the large picture of the business situation. They were exposed tothe concept of being an entrepreneur early. It is becoming more apparent as I expand mybusiness and networking efforts that too many corporate engineers just don't get what theircompany is all about. It is absolutely critical that today’s graduate is capable of fending for herself or himself.If nothing else entrepreneurship training provides an emergency parachute if there are no offersfrom existing companies. Companies prefer to hire only the highest grade graduates and not allstudents can be in the top 1% of their class. Those “lower” achievers will appreciate the freedomthat

Conference Session

Entrepreneurship Division Poster Sessions

Collection

2006 Annual Conference & Exposition

Authors

John Stephens, Lawrence Technological University; Mariam Iskandarani, Lawrence Technological University

Tagged Divisions

Entrepreneurship & Engineering Innovation

. Page 11.1172.4There are three types of leases: 1) Fair Market Value Purchase Option (FMV) - has the lowestmonthly payment of a standard lease with flexible purchase options at lease end. A Fair MarketValue lease is the preferred option for businesses who are interested in avoiding equipmentobsolescence. At the end of lease, the lessor has the options of: Returning the equipment, orpurchasing equipment for the Fair Market Value, or extending the lease under a new leaserenewal. 2) 10% Purchase Option –the entrepreneur’s monthly payments would be lower than a$1 Buyout Lease, but higher than the Fair Market Value option. And, at the end of the lease, thebusiness owner can choose to purchase the equipment for 10% of the original cost or return

Conference Session

Successful Outcomes of Student Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Karen Thornton, University of Maryland-College Park; Anik Singal, Affiliate Classroom, Inc.; David Barbe, University of Maryland-College Park; James Green, University of Maryland-College Park

Tagged Divisions

Entrepreneurship & Engineering Innovation

significant positive influences of education andindustry experience, three further characteristics emerged in this study. These are the founder’ssocial capital, their passion for the new venture, and their personal confidence. Table 1. Comparisons and contrasts of founder characteristics Our Findings Literature Review Education Education Industry experience Industry experience *Social capital Entrepreneurial experience *Passion Founding team *Confidence * Emerging critical success

Conference Session

Course-based Approaches to Entrepreneurship Education

Collection

2006 Annual Conference & Exposition

Authors

Anthony Warren, Pennsylvania State University; Ralph Hanke, Bowling Green University; Elizabeth Kisenwether, Pennsylvania State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

for each session so that facilitators are not tempted toregress to “chalk and talk” style.1: INTRODUCTIONThis paper reports on a pilot, cross-college course that is the first step in a multi-year program Page 11.115.2designed to expand entrepreneurship learning for all interested students in the State University 1system and then to educational units throughout the USA. The acquisition of entrepreneurial skillsis vital for assuring the future of the US economy in a changing global knowledge basedenvironment. However, there is to date

Conference Session

Entrepreneurship Education - A 10,000' View

Collection

2006 Annual Conference & Exposition

Authors

Mary Secor, Institute to Promote Learning; Douglas Arion, Carthage College

Tagged Divisions

Entrepreneurship & Engineering Innovation

Page 11.365.2Bloom’s Taxonomy of Learning model to: (1) develop a curriculum that is tied to thedevelopment of the student; (2) deliver each part of the curriculum utilizing the mosteffective instructional format; (3) optimally and seamlessly integrate campus programsand services, and business and community resources into the curriculum; and (4) buildadministrative and organizational structures that are consistent with and support thecreation and implementation of innovative entrepreneurship programs.Curriculum Development Effective delivery of complex programs, such as entrepreneurship, should be donewithin the broadest context of goals and objectives. While individual instructors orstudent experiences may be addressing individual

Conference Session

Capstone Design and Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Thomas Miller, North Carolina State University; Stephen Walsh, North Carolina State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

comprised of undergraduates and run these teams asvirtual start-up companies. Underclassmen serve as virtual employees of these E-Teams andparticipate for either 1-credit or 3-credits.Topics covered in the EEP include leadership, management, project planning, marketing, sales,operations, organizational behavior, financials, corporate formation, business planning, andintellectual property. The EEP Portal provides the students a structured, yet flexible, mechanismto manage their teams and the product development process. In addition, the EEP Portal allowsfaculty to observe the E-Team’s progress in real-time and to monitor the program’s pedagogicaleffectiveness.This paper discusses the impetus in developing the EEP Portal, its actual design

Conference Session

Entrepreneurship Division Poster Sessions

Collection

2006 Annual Conference & Exposition

Authors

La Verne Abe Harris, Arizona State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

Verne Abe Harris, PhD, CSIT Arizona State UniversityAbstractIndustry professionals from organizations such as Motorola, Intel, Boeing, and Honeywellparticipated in a needs assessment survey through the IDeaLaboratory at Arizona StateUniversity to determine the innovation needs of today’s industrial organizations.1 The model ofthe IDeaLaboratory follows the Polytechnic campus outcomes of Pasteur’s Quadrant –– appliedresearch.2 Students become an integral part of the innovative thinking, discovery, learning, andassessment processes, because they become engaged in the design and technology research andsolutions, just as they would in a corporate or government working environment. TheIDeaLaboratory is

Conference Session

IP and Supporting Student Startups

Collection

2006 Annual Conference & Exposition

Authors

Craig Silvernagel, University of North Dakota; Richard Schultz, University of North Dakota

Tagged Divisions

Entrepreneurship & Engineering Innovation

generated in the many possible partnership scenarios that arise among thestudents, faculty, and outside entities associated with a particular project, as well as whetherstudents and faculty have a working understanding of IP ownership and what it really means tothem. Through support by the North Dakota Small Business Development Center, a researchinstrument is currently under development to study the issue of student-generated intellectualproperty in more depth. The underlying assumptions used in the survey are that claims to IPownership for a particular project are really based on the answers to three fundamental questions:(1) Who formulated the problem statement? (2) Who solved the problem? (3) How significantwas the use of resources (e.g., human

Conference Session

Approaches to Teaching Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Rose Marie Lynch, Illinois Valley Community College; Dorene Perez, Illinois Valley Community College; James Gibson, Illinois Valley Community College

Tagged Divisions

Entrepreneurship & Engineering Innovation

Conference Session

Learning from Entrepreneurship Programs

Collection

2006 Annual Conference & Exposition

Authors

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

Tagged Divisions

Entrepreneurship & Engineering Innovation

second is the Hardware Prototyping Facility,which provides a wide variety of electronic test equipment, a paint/glue booth that exhausts tothe outside of the building, lab benches, tools, etc. for teams that are building projects. Thelayout of these facilities in the Burton D. Morgan building can be seen in Figure 1. Page 11.368.4 Figure 1: The facilities (shaded/yellow) for the EPICS Entrepreneurship program in the Burton Morgan Building include two labs – the Software Development Lab and Prototyping Lab – and two offices – for the Director and Coordinator of the EEI program. The other entrepreneurship programs sharing this

Conference Session

Approaches to Teaching Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

William Sherrill, University of Houston; Thomas Duening, Arizona State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

parameters to be compatible with these criteria: 1. The curriculum must be holistic, providing students with a broad perspective of the various elements of the entire business operation (marketing, accounting, finance, operations); 2. The curriculum must have a theoretical underpinning, that enables students to make sense of disparate data and information; Page 11.1208.4 3. The curriculum must have a logical flow so that the various lessons build upon one another over time; 4. The curriculum must help build entrepreneurial skills among students rather than just

Conference Session

Course-based Approaches to Entrepreneurship Education

Collection

2006 Annual Conference & Exposition

Authors

Doug Abbott, MT Tech of the U of MT; Lance Edwards, MT Tech of the U of MT; John Evans, MT Tech of the U of MT; Leo Heath, MT Tech of the U of MT; Mike Johnson, MT Tech of the U of MT; Timothy Kober, MT Tech of the U of MT; Mary North-Abbott, MT Tech of the U of MT; Roger Oldenkamp, MT Tech of the U of MT

Tagged Divisions

Entrepreneurship & Engineering Innovation

entrepreneurship coursework in the curriculum.The Course – Pet 4460An array of pertinent petroleum engineering and business topics were included in PET 4460,Petroleum Project Evaluation. The topics ranged from land ownership and reservoir estimationto methods of financing, financial statement interpretation and cost accounting. The subjectmatter was selected to provide practical information needed by entry-level petroleum engineers,based on the previously discussed input from the petroleum industry and fromdiscussion/planning sessions by a representative group from the Business and PetroleumEngineering Departments. Table 1, PET 4460 – Petroleum Project Evaluation Course, contains alist of the major topics and subtopics, along with the department

Conference Session

Entrepreneurship Education - A 10,000' View

Collection

2006 Annual Conference & Exposition

Authors

Wade Shaw, Florida Tech; Muzaffar Shaikh, Florida Tech; Carmo D'Cruz, Florida Tech

Tagged Divisions

Entrepreneurship & Engineering Innovation

Integration and business plan development, Systems Launch considerationsand product/business launch, etc. Concepts in strategy, team dynamics, and finance areintegrated into these courses focusing on Engineering Entrepreneurship. It appears thatEngineering Entrepreneurship has emerged as a Killer App for Systems Engineering.IntroductionThe emerging facts from successful organizations, including universities, indicate that the realsource of power in a knowledge economy is in combining technical prowess withentrepreneurship.1 A survey of business executives and managers indicated that highly successfulengineers are not only academically astute, but also possess entrepreneurial skills.2 TheEngineers of 2020 will need to be educated as innovators, with

Conference Session

IP and Supporting Student Startups

Collection

2006 Annual Conference & Exposition

Authors

Dan Moore, Rose-Hulman Institute of Technology; David Shepard, Engenius Solutions

Tagged Divisions

Entrepreneurship & Engineering Innovation

and Innovators Alliance (NCIIA)[http://www.nciia.org/] are two such conferences. The rapid growth of the ASEEEntrepreneurship Division provides another indication of the number of institutions, faculty, andentrepreneurs actively involved in entrepreneurship program development. In the past,traditional engineering education has prepared the student for traditional career pathwaysprimarily within traditional corporate entities. However, according to the Small BusinessAdministration (SBA) website (1), small businesses, those with fewer than 500 employees,create 60 – 80 % of the net new jobs annually and produce 13 – 14 times more patents peremployee than large patenting firms. Because of generally limited resources, smaller firmstypically

Conference Session

IP and Supporting Student Startups

Collection

2006 Annual Conference & Exposition

Authors

Paul Swamidass, Auburn University; Brian Wright, Auburn University

Tagged Divisions

Entrepreneurship & Engineering Innovation

Auburn University Office of Technology Transfer.AbstractThis paper addresses several major issues of interest to ASEE’s Entrepreneurship Division. Itcovers (1) university technology transfer; (2) introducing technology IP protocol management tostudents; and (3) a model of working relationship with university technology transfer officers forthe mutual benefit of university technology transfer and the training of university graduates withreal-life technology transfer problems. Student reported benefits are included.IntroductionThe Office of Technology Transfer of our university processes dozens of new inventions fromthe university laboratories each year. They need assistance in evaluating particularly engineeringinventions for prompt processing

Conference Session

IP and Supporting Student Startups

Collection

2006 Annual Conference & Exposition

Authors

Martin High, Oklahoma State University; Paul Rossler, Oklahoma State University; Karen High, Oklahoma State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

patent statute states that“[w]hoever invents or discovers any new and useful process, machine, manufacture, orcomposition of matter, or any new and useful improvement thereof, may obtain a patent therefor,subject to the conditions and requirements of this title.”1 We must resort to case law to be moredefinitive about what makes an invention useful. An inventor will not get a patent if the invention was 1) known or used 2) by others 3) inthe U.S., 4) before the inventor conceived the invention. However, we also know from previouscase law that to “be known” that knowledge must be publicly available.2 Public use by someoneother than the inventor, even someone that the inventor disclosed the invention to in confidence,will void the patent by

Conference Session

Capstone Design and Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Gül Okudan, Pennsylvania State University; Jennifer Finelli, Pennsylvania State University; Elizabeth Kisenwether, Pennsylvania State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

types ofdesign projects for the last three years in two courses: Engineering Design Principles (QMM492), and Entrepreneurial Leadership (ENGR 310). In this paper, we review our experienceregarding the implementation of these projects in the Entrepreneurship curriculum, and providean assessment encompassing student learning, motivation, and entrepreneurial achievement. Wehave implemented and studied the effectiveness of the following types of projects: 1) need basedconceptual design projects, 2) design and build projects, and 3) build and sell projects. Overall,preliminary results indicate that while all the included project types were perceived to beeffective, the most effective one is identified to be the build and sell type, which

Conference Session

Capstone Design and Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

John Ochs, Lehigh University; Gerard Lennon, Lehigh University; Todd Watkins, Lehigh University; Graham Mitchell, Lehigh University

Tagged Divisions

Entrepreneurship & Engineering Innovation

11.32.2an 11:1 undergraduate student to faculty ratio. The University is a class R2 researchschool with annual research funding of ~$40M with 24 research centers or researchinstitutes. Lehigh has an active and engaged alumni serving in various capacities, such asindustry liaisons, department and program advisors and members of the University Boardof Trustees. Lehigh has consistently ranked in the top 10 nationally among researchinstitutions in the Standard and Poor’s survey of Fortune 500 companies in thepercentage of Lehigh Alumni in corporate leadership positions.Entrepreneurship at LehighLehigh University offers regular courses and full-time regular faculty as well as adjunctfaculty (Lehigh calls them Professors of Practice) dedicated to

Conference Session

Entrepreneurship Education - A 10,000' View

Collection

2006 Annual Conference & Exposition

Authors

Paul Lane, Grand Valley State University; John Farris, Grand Valley State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

project. Fewstudents have adequate knowledge in all of the required fields. Engineering students with a newsports product know little about the business skills required. This is made even more difficultwhen students outside of the business or engineering fields have ideas for new product.Unfortunately recent research suggests that students outside of business and engineering have theideas and tolerance of risk associated with entrepreneurship.1 The authors have witnessed manypromising projects end because of these issues. Sometimes the idea originator can not enticepeople with the required skills to join the development team. The idea generator does notusually posses the financial resources to pay up front for the required expertise. Nor does

Conference Session

Opportunities for Entrepreneurship Programs

Collection

2006 Annual Conference & Exposition

Authors

Heidi Neck, Babson College; John Bourne, Olin College; Stephen Schiffman, Olin College

Tagged Divisions

Entrepreneurship & Engineering Innovation

innovation andis a leading source of technological progress. The collision of engineering and entrepreneurshipis a value enhancing process that stimulates venture formation, economic growth, and socialvalue. The NSF partnership between Babson College and Olin College of Engineering is logicaland both colleges have an institutional commitment to engineering entrepreneurship education.Such a commitment is marked by many shared activities and outreach development such asSyE3. Babson College, a business school founded in 1919 by entrepreneur and financier RogerBabson, is an AACSB (The Association to Advance Collegiate Schools of Business) accreditedinstitution and has been ranked #1 in entrepreneurship for the past twelve years according to

Conference Session

Entrepreneurship Education - A 10,000' View

Collection

2006 Annual Conference & Exposition

Authors

Clifton Kussmaul, Muhlenberg College; John Farris, Grand Valley State University; Jana Goodrich, Pennsylvania State University-Erie; Susannah Howe, Smith College; Robert Weissbach, Pennsylvania State University-Erie

Tagged Divisions

Entrepreneurship & Engineering Innovation

Temporal ModelsAbstractThis paper presents efforts to document best practices and develop resources to facilitate andstrengthen entrepreneurship at primarily undergraduate institutions (PUIs) nationwide. Theefforts include a multi-dimensional framework involving simultaneous functional, temporal, anddevelopmental perspectives in entrepreneurship education. Current areas of emphasis focus on abody of knowledge and core competencies; a stage gate model for developing products andservices; ways to foster heterogeneous teams; and guidelines for staffing and staff professionaldevelopment. This paper focuses on (1) a functional model, which focuses on what studentsshould know and what they should be able to do, and (2) a temporal model, which focuses

Conference Session

Approaches to Teaching Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

W. Andrew Clark, East Tennessee State University; J. Paul Sims, East Tennessee State University; Craig A. Turner, East Tennessee State University; Jon L. Smith, East Tennessee State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

1990, even after 20years of remarkable growth, U.S. companies accounted for only 33 percent of the world’stotal”1. A 1996 U.S. Department of Commerce report indicated that 90 percent of all newproducts fail within four years and less than 10 percent of the U.S. companies introduceda new product within the past ten years2. Several of the authors of this manuscript havespeculated that the Research and Development focus of numerous U.S. corporationsappear to be centered on continuous improvement projects where the probability ofsuccess is predictable and definable. Unfortunately, continuous improvement projectsresult in diminishing returns as the low hanging fruit is harvested and identification ofhigh yielding improvement projects becomes more

Conference Session

Approaches to Teaching Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Robert Weissbach, Pennsylvania State University-Erie; Jana Goodrich, Pennsylvania State University-Erie

Tagged Divisions

Entrepreneurship & Engineering Innovation

Activities: Making Course/Classroom Teams Work,” Journal of Education for Business, Washington: Nov/Dec 2000. Vol 76, Iss. 2; pg. 98.7. Jeffrey A. Ketelhut, “Managing Team Activities Toward Success,” Hospital Material Management Quarterly, Rockville: Aug. 1999. Vol. 21, Iss. 1; pg. 27. Page 11.445.9

Conference Session

Course-based Approaches to Entrepreneurship Education

Collection

2006 Annual Conference & Exposition

Authors

Anthony Joseph, Pace University

Tagged Divisions

Entrepreneurship & Engineering Innovation

, entrepreneurship,and project management instruction once per week. Moreover, computer science studentsreceived introductory instruction in finance and project management in their additional classhour. The teaching was supported by nine mentors/advisors from computer-related and financeindustries that facilitated the entrepreneurial component of the course. These mentors/advisorssometimes served as guest lecturers. The 28 students (twenty-six were registered) in the coursewere grouped into seven E-teams labeled E-team #’s 1-7. Five of the E-teams (E-team #’s 1-5)were deliberately designed by the professors within the first two weeks of the semester usingstudent information obtained from a professor designed questionnaire and a multipleintelligences

Conference Session

Entrepreneurship Division Poster Sessions

Collection

2006 Annual Conference & Exposition

Authors

Kenneth Ports, QTS, Inc.; Dennis Kulonda, Florida Tech; Clifford Bragdon, Florida Tech; Carmo D'Cruz, Florida Tech

Tagged Divisions

Entrepreneurship & Engineering Innovation

programming linking academic / continuing education programs with experientialentrepreneurship and community outreach activities is emphasized. Critical Success Factors forTechnopolis creation are identified.IntroductionToday’s global economy can be characterized by increasing globalization, heightenedinterdependency and the emergence of a new paradigm of regional, institutional andtechnological clusters, which facilitate innovation and its commercialization, called the“Technopolis Phenomenon”.A Technopolis (plural Technopoleis) is a region trying to build and maintain a healthy,technology-driven economy. 1Dr. Fred Phillips (ex Austin, Texas) of the Maastrict School of Management ((Netherlands),1 an

Conference Session

Learning from Entrepreneurship Programs

Collection

2006 Annual Conference & Exposition

Authors

Arnold Lumsdaine, University of Tennessee; Frank Speckhart, University of Tennessee-Knoxville; Geoff Robson, Technology 2020; Kenneth Kahn, University of Tennessee-Knoxville; Majid Keyhani, University of Tennessee-Knoxville; Dan Fant, University of Tennessee-Knoxville; Rapinder Sawhney, University of Tennessee-Knoxville

Tagged Divisions

Entrepreneurship & Engineering Innovation

process are represented by thepartner personnel – entrepreneurs, engineering, project managers, CEO’s, intellectual propertylawyers, state economic development officials, and venture capital representatives. Thesepartners are involved in the following activities: 1) evaluating the dual degree program as a whole; 2) evaluating student projects and advising the student teams; 3) offering student teams technical and business expertise; 4) advising dual degree program in development and curricular issues; 5) contributing intellectual property (ORNL alone has a portfolio of over 1000 patents) and project ideas; 6) serving as guest lecturers in graduate product development courses;Advising student teams involves attending

Conference Session

Entrepreneurship Division Poster Sessions

Collection

2006 Annual Conference & Exposition

Authors

Barbara Karanian, Wentworth Institute of Technology; Gül Okudan, Pennsylvania State University

Tagged Divisions

Entrepreneurship & Engineering Innovation

. Page 11.591.1© American Society for Engineering Education, 2006 Entrepreneurial Leadership, Gender and Teams in the Engineering and Science Context: Men and Women Tell Stories About LeadershipAbstractInterviews and small focus groups were the methodological tools used for distinguishingleadership and entrepreneurial leadership in an engineering and science context for thispreliminary investigation. Emphasis was placed on the gender elements in leadership by usingconceptual frameworks from the research on organizational decision-making, socio-psychological fundamentals, and workplace performance. Forces that influence leadership andteam behavior were considered through five framing questions: 1) do males and females

Conference Session

Approaches to Teaching Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

June Ferrill, Rice University; Lisa Getzler-Linn, Lehigh University

Tagged Divisions

Entrepreneurship & Engineering Innovation

andDunfee’s four measures of the bounds within which one’s moral rationality should exist: 1. Local economic communities may specify ethical norms for their members through microsocial contracts. 2. Norm-specifying microsocial contracts must be grounded in informed consent buttressed by a right of exit. 3. In order to be obligatory, a microsocial contract norm must be compatible with hypernorms. 4. In case of conflicts among norms satisfying Principles 1-3, priority must be established through the application of rules consistent with the spirit and letter of the macrosocial contract. 9Finally, we address the prospect of actually creating a vehicle that embodies these theories.There are as many ways to build a

Conference Session

Successful Outcomes of Student Entrepreneurship

Collection

2006 Annual Conference & Exposition

Authors

Robert Evans, University of Texas-Austin

Tagged Divisions

Entrepreneurship & Engineering Innovation

startup formation. The ultimate goal with regard toentrepreneurship is to create an appropriate culture at the university level, in engineeringeducation and in engineering practice more generally. The story of these students and theircompany sheds light on the current culture and provides guidance for future development ofengineering education.Entrepreneurship Assets and University Technology CommercializationFor the majority of doctoral students whose careers will be in industry, “even those who work onthe bench need to understand what motivates market-driven (as opposed to curiosity-driven) Page 11.495.2research.”1 The trends within research