% of those submitting comprehensive business plans are actually given offer sheets byangel investors. Figure 1 offers a conceptual framework for teaching the business planningprocess. The first three steps are essential to get to a business plan with the necessary conditionsto be able to get to an offer sheet from an angel investor. These are documented in the right handcolumn of step four in Figure 1. The left hand column offers an improved list of relationshipfactors based upon our current research. These relationship factors are now taking on equalimportance to the right hand column. This is a fundamental contribution in the current article.Shawn Carson’s doctoral dissertation researched the angel investor process in the SoutheastUnited
- tical, access and data products developed by Fujitsu. Rodney was Chairman of the T1X1 Technical Sub-Committee (the organization responsible for SONET standardization) from 1990 through 1994. He has been active in SONET’s National and International Standardization since 1985. In addition, Rodney has published numerous papers and presentations on SONET. Rodney began his career with Fujitsu Network Communications in 1989 as the Director of Strategic Plan- ning. He also held the positions of Director of Transport Product Planning, Vice President of Business Management, Senior Vice President of Sales Management, Senior Vice President of Manufacturing, and c American Society for Engineering
modules into courses was done gradually and 4 of the modules aredeployed in an elective course.“Business Principles and Entrepreneurship for Engineers and Scientists” is an elective course thataims to foster an entrepreneurial mindset and also introduce business, finance, and marketingknowledge and skills. This course incorporates 4 e-learning modules that cover business topics inrelation to entrepreneurial thinking, and provides experiences in identifying ideas that aredifferentiated from others, describing the potential for value creation, and communicating a visionthrough a business plan to stakeholders.The optional extracurricular activities consist of the following:• 24 Hour Imagination Quest: A two-day event, originally developed at
Historical Research-Sources 4.36 1.08 3.88 1.33 Research Questions 4.36 0.94 4.36 0.85 Experimental/Technical Work 4.60 0.82 4.60 0.66 Analysis 4.15 1.23 4.23 0.75Figures 1 and 2 illustrate results using the developed rubric and reveals some interesting findingsregarding EML in our Product Archaeology project. Experimental/Technical Work(Connections) was found to be the high scoring rubric item and one that had the least amount ofvariation between student teams. This relates to the team’s ability to create (and report) on anexperimental plan
semester, and serves about 400 students in a given year between Senior Design 1 & 2(approximately 100 teams of 4 students). The sequence is multidisciplinary in that everyengineer in the college participates: Bioengineers, Civil Engineers, Environmental Engineers,Electrical Engineers, Mechanical Engineers, and Engineers (with multidisciplinary study plans).The 3-semester sequence allows ample time for design and development, and themultidisciplinary nature enables teams to form around specific project requirements and exposesstudents to working with other types of engineers. If organized well, this rich structuralfoundation for the program affords the teaching team many opportunities to create impactfullearning experiences relative to one or
presentation by two representatives from SLU’s EntrepreneurshipProgram. The objectives of the session were to understand the concept of the academicentrepreneur and identify how research active faculty (especially those who pursue grants)already have many of the skills needed as an entrepreneur. The presenters first focused on thenotion that many of the activities faculty already do on a daily basis correspond to equivalentactivities of entrepreneurs (e.g. grants proposals à business plans). They defined innovation asthe creation of new or improved ideas, products, services or processes and that entrepreneurspursue opportunity by addressing a need. Second, the presenters provided some tips for how toteach entrepreneurship including some pros and
project teams).The inventive process of the proposed model has a foundation in the fundamental processobserved in successful inventors. This process has seven steps: 11 1. Observation of a need or difficulty. 2. Analysis of the need. 3. A survey of all available information. 4. A formulation of all objective solutions. 5. A critical analysis of these solutions. 6. The birth of a new idea. 7. Experimentation to test and refine the most promising solution.As previously mentioned, the first step in the inventive process is ‘observation of a need ordifficulty’ followed by ‘analysis of the need’. These steps could also be referred to as ‘marketneeds assessment’ or ‘opportunity focuses’ in standard business plan terms. 12
sampling, data collection and analysis. Following, that areresults from the thematic analysis, followed by a concluding discussion in Section 5.2 Literature ReviewThe Theory of Planned Behavior (TPB) is the theoretical framework for this paper. TPB was ini-tially introduced by Ajzen [15] in 1991 and has been supported with empirical evidence since then.The theory says planned behaviors, such as starting a new venture, are intentional and thereforebest predicted by intentions towards the behavior, not by demographics, personality, beliefs, or atti-tudes [15]. TPB is also an important cognitive process model for the evaluation of EntrepreneurialIntention as the model describes the complexity of the relationship between human behavior andrelevant
industri-al electronics’ concepts of sensing, counting and process control; 3) have them participate as ateam in a de novo real-world design of a large and complex process of humanitarian interest; and4) teach students about cost-accounting and sequential manufacturing planning as a precursor todeveloping a business plan. Its design goals were to 1) implement a method to prevent overpay-ing customers at intake and to improve the accuracy of the count when the recyclables werereturned to the various vendors; 2) use commercial electronics and design-for-manufacturingconcepts so that the products would be reliable and field-maintainable by the host’s staff; and 3)prepare and assemble detailed product manuals for use by maintenance
, students begintransitioning from the construction phase into the testing of their prototypes, developing a plan ofexperimentation to test the feasibility and performance of the critical customer requirements setforth at the beginning of the course sequence. This experimental data is then compared withtheoretical predictions generated as a part of the engineering analysis during the design phase. Atthe end of the semester, each team presents their final prototype and comparative engineeringanalysis to the ME senior students and available mechanical engineering faculty.During the 2017-18 academic year, a number of Mechanical Engineering senior capstone teamschose to enter an existing campus-wide “Shark Tank”-style business competition hosted by
teamwork dynamic in our first-year experiences. It is unclear exactly whatenables the second semester classes to have higher averages than the first semester courses, sinceall three courses have different subject matter, different styles of projects and different sets ofinstructors. But an upward trend of better teamwork satisfaction is hopeful. Moving forwardwe want to try to isolate a few of the sections of ED1 and ED2 and let students choose teamswith no restrictions and compare to the other sections. A pilot study in Fall 2019 to Spring 2020has been planned. Other plans include looking at the effect gender has on teaming as this yearwe used CATME team maker to ensure woman and underrepresented minorities are notoutnumbered on project
to practice systems thinking and apply the Vee-Model.The course deliverables listed in Table 2 includes: Project Plan and Journal (22.5%),Communication Skills (47.5%) and Technical Merit (30%). Students must take an ill-definedproblem to implement a proof-of-concept solution. A detailed description of the weeklydeliverables is given elsewhere and will not be described here due to space limitations. TheCritical Design Review (CDR) rubric was also developed to balance the course weightingbetween system-level thinking fostered by weekly deliverables and acquired technical skillsetsfrom the MSEE program. The weekly deliverables are guided by the Vee Model [9] [10] [11].Several years ago, the College of Engineering (COE) Master of Science in
Idea Generation Workshop Dissecting Student Entrepreneurial Technology Impact of Simulation in Manufacturing and Startups - Triumphs and Agonies Prototyping Opportunity Assessment Opportunity Assessment Business Model Generation and Hypothesis Business Model Generation and Hypothesis Testing Testing Intellectual Property (IP) and Start-up Legal Intellectual Property (IP) and Start-up Legal Structures Structures Market Size Analysis, Value Proposition, and Market Size Analysis, Value Proposition, and Elevator Pitch Elevator Pitch Components of Business Plan & Incubator Visit
, learning from failures, sales pitches, systemscaling, and taking action versus over-planning. Typically, one active learning exercise wasincorporated into each course meeting throughout the semester. Students anecdotally respondedwith positive enthusiasm to the activities with interest in pursuing entrepreneurship in addition toengineering. Overall, the integration of the EM activities equipped the course instructors withuseful tools to engage the students in the course content, generate excitement for a future inengineering, and develop EM skills beneficial for a successful career.IntroductionThe University of Mount Union utilizes a two-semester first-year engineering sequence. One ofthe four pillars of the Mount Union Engineering programs is the
generatea wide list instead of focusing specifically on engineering fields. This emphasized thatresearchers may utilize a wide spectrum of lenses to study different aspects of EEPs due to theinterdisciplinary nature of entrepreneurship education and the nascent state of research in thefield. Furthermore, this reiterates the need to consider the key theories when researching EEPs,specifically student participation for our case. To identify the key theories, the documentedtheories were assessed for their level of use based on the number of times they were cited in the359 articles. Theories that were cited in at least 10 articles were shortlisted, yielding a total ofseven key theories – 1) Theory of Planned Behavior [32], 2) Theory of Reasoned Action
% Conflicts between ENT350 and EGE120 19.6% Improve Course Scheduling 9.8% *Some students represented in multiple categories.Discussion:Overall, the collaboration between the entrepreneurial studies program and the department ofengineering was mutually beneficial. Transferring prototype development to engineering studentsallowed the ENT350 students to focus on venture planning and consumer surveying. EGE120students were then guided by their clients toward market-based designs. Moreover, the competingengineering teams from different course sections were able to develop unique products from theinitial design scope, leading to a diverse collection of final prototypes. Students from
, scaling-up from a pilot processto a full-sized product plant is not a linear scaling as many processes, transformations, flow,chemical reactions and heat transfer are not together linearly scalable. That is: scale-up is(usually) possible but requires careful planning and “watching the dials and turning the knobs”on the first series of runs. Our first class sequence is a bench design, our second class sequenceis a small pilot and third year will be a full pilot plant with subsequent years scaling to fullproduction. Even then, we will have start-up issues and fine tuning to deal with as we continueto iteratively improve – watching the dials and turning the knobs as necessary.By using the “pilot approach,” and managing the specific changes made to
Yes=1, No=0 Strategic importance planning of entrepreneurship work or not 0.020 0.052 The relevant policies on entrepreneurship issued by university 0.032 The total number of “Internet +” awards received nationwide and provincial in that year. 0.051 Achievement degree Ranking in Hurun’s Richest Creative Chinese University 0.076 Ranking 0.010 Ranking in Top 100 of the most innovative universities in China 0.015From the first level of
. other paths may lead to(ABET-2) finding the solution. Creating Value Capstone Milestones BenchmarkSolving Problems Not only develops a logical, Having selected from among Considers and rejects less Only a single approach is consistent plan to solve problem, alternatives, develops a acceptable approaches to considered and is used to(ABET-1/2) but recognizes consequences of logical, consistent plan to solving problem. solve
Crime Scene Investigation”, and theyreserved in a new course for EML activity [22]. The author found that the freshman year is agreat time to introduce EML concepts. The University of Florida College Of Engineering offersan entrepreneurship course which mimics the real-world experiences of enterprise formation andgrowth in an academic environment [23]. Tabrizi [24] fostered an entrepreneurial mindset in“digital systems” class through a jigsaw-puzzle model.Several universities developed detailed four-year plans to implement EML in curriculums.Lawrence Technological University merges a technical skills curriculum with EML. Engineeringstudents will advance through the “Interdisciplinary Design & Entrepreneurial ApplicationsSequence (IDEAS)”, a
Competency-Based Education“Competency-based education (CBE) is an outcome-based, student-centered form ofinstruction whereby students progress to more advanced work upon mastering the necessaryprerequisite content and skills [11].” Although CBE is not new, it has increasingly beenreceiving much attention as a method for reaching a more diverse and inclusive studentpopulation. Scholtz and colleagues [12] shared results from an intervention conducted in aninformation systems degree program which incorporated competencies based on enterpriseresource planning (ERP) systems. They found that students perceived satisfaction with thehands-on approach and there was an increase in student self-efficacy related to ERP systemsand concepts. Mojab et al [13
structures (competitive, production product/process/ design for monopoly, oligopoly) in (CoP) a set period the context of the activity Identified typical behaviors Identified typical behaviors Employed a written plan Proposed approaches to Effective during the team during the team (such as a team charter or resolve conflicts teams development process that development process that team performance plan) to (ET) influenced productivity influenced productivity help the team be effective
problems and create value in marketplace through innovation. KEEN’sobjectives can be broadly described as follows 1. To stress on promoting critical skills, capabilities and experiences 2. Making entrepreneurship and innovation education a priority 3. Encouraging cross-curriculum and interdisciplinary collaboration between students and faculty 4. Following curriculum, student, faculty and community centered activities, for example business plan competitions in schools, seminars focused on technology, workshops and conferences. 5. Using situation-based learning environment such as case studies.The above efforts can together be summed up as building of an ꞌentrepreneurial mindsetꞌ.Entrepreneurial mindset, could be
enterprising andinnovative university vary between the two models [11].MethodologyTo answer our question we adopted a qualitative exploratory approach [12]. The data is based onsemi-structured interviews with actors that are part of the support systems for entrepreneurshipeducation in five engineering schools in Chile: Universidad de Chile (UChile), PontificiaUniversidad Católica de Chile (PUC), Universidad de Santiago (USACH), Universidad AdolfoIbáñez (UAI) and Universidad de of Talca (UTalca). The selection criteria prioritized thevariability of Ingeniería 2030 schools. The sample considers one university from each of theselected projects. Each Ingeniería 2030 project commits to transform engineering in Chilefollowing a different strategic plan, but
planning course goalsmight continue to consider the value of adding new course competencies for technologyinnovators [48] like ‘communicate effectively about career dreams’ and ‘develop abilities toanalyze and enjoy emotional experience.” Do modern students equate a high need to performwith innovative endeavors?Revealing stories indicate gender alliance: Participants show gender alliance in the way theyanswer the prompt, each gender projects themselves onto their storytelling counterpart withimages of motivation. Interestingly, writing a story through the perspective of the gender thatyou identify with increases the amount of affiliation themes.Affiliation responses in general suggest respondents need to be relatable and care about
). Students use knowledge of MATLAB taught in the lectureportion of the course to design a game. Students choose one or more games from a provided listto design or invent their own. Each game carried a point value and students could exceed thepoint requirements for extra credit. Students then conducted two user interviews to determinerequirements for the game and created a team working agreement. Before coding began, studentscreated a flowchart, algorithm, or pseudocode draft. Students then coded their chosen game(s).Additionally, students created a project notebook including a project schedule, business plan,advertisement, and project pitch video. Software documentation was also prepared including auser manual. Students were given multiple class
,especially for the comprehensiveness category to ensure inter-rater reliability between the raters.As there can be different interpretations of whether a concept should be considered within onesingular category, such as Innovation/Creativity or Product Development. In summary, eachscoring method has its own advantages and disadvantages. The holistic method is a betterassessment method of how much knowledge a participant knows about entrepreneurial mindsetspecifically. The traditional method is a better assessment method of how well a participant canconnect the concepts and topics associated with entrepreneurial mindset. It is really up to theindividual and what claim they are planning on investigating to determine the most appropriatescoring method
Mechanics of Materials course at Jacksonville University(JU) was structured to devote student laboratory time to creating, building, and testing new andnovel sample coupons for the PASCOEX-5515A Materials Stress-StrainExperiment [2] (Figure 1) in collaborationwith Engineer Inc., an engineeringeducation technology social enterprisestart-up. The company plans tocommercialize viable products resultingfrom the student’s work. The course’sresulting impact on student achievementof Learning Outcomes was interpretedand assessed using pre/post differenceswithin indirect and the direct assessments.Background Figure 1: Students learn how to use the PASCO EX-5515A