June 18, 2006
June 18, 2006
June 21, 2006
Entrepreneurship & Engineering Innovation
11.710.1 - 11.710.8
I2P® International Competition: A Global Education Forum for Technology Entrepreneurship Abstract In November of 2002, 6 student teams competed in the first Idea to Product® International Competition at the University of Texas at Austin. One of the driving ideas behind the program was to extend the student-led local I2P® competition to a broader international audience. Since that time the competition has grown to include more teams from a variety of leading universities across the country and around the world. 38 teams from 10 countries have traveled to Austin to participate. The first Asian regional competition was held in Singapore in Fall 2005 and I2P® International Europe is scheduled for the Summer 2006. Other universities in the US are preparing regional or conference-wide competitions and initial planning for national competitions has begun in several countries.
The competition engages students in the early stages of emerging technology commercialization. The competition website provides additional information and may be found at www.ideatoproduct.org. Student teams prepare a commercialization assessment addressing technical status, intellectual property, market needs and market characteristics. The teams present their assessments to a panel of faculty, business leaders and entrepreneurs. While several examples of technology licenses and the development of new companies illustrate the impact of the competition, the real value and focus of the competition lies in education. The case for the I2P® UT Austin Competition as an education program for engineers has been established in a separate paper. Starting from that and a more recent formal educational assessment of the competition a more comprehensive examination of the international competition is possible, which frames the body of this paper.
The creation of the competition was facilitated in many ways by the culture at The University of Texas at Austin. Yet, this culture was deliberately created through the tireless efforts of a core group of students, faculty and community supporters over a period of many years. Universities appropriately change slowly, but they do change. It can still be said that the local competition established an academic and community forum for examining the potential of emerging technologies while at the same time focusing on educating technical students about entrepreneurial issues. Exploring I2P® International establishes evidence that the needs and goals of international engineering education resonate with those established within the US. Further, the I2P® program is a model that is readily adapted to a variety of cultures and local educational and community environments. More importantly, the competition has evolved to support a more global perspective on entrepreneurship enriching the educational experience of the students who have participated. The paper also examines the effects of the broader cross- cultural transport of ideas in terms of technical education and provides some basic guidelines for entrepreneurship education in general.
Introduction There is, and fortunately will continue to be, an ongoing debate in the literature about the state of engineering education and how it might be better connected to engineering practice. From a small sample of the available work it is possible to gather some of the most prevalent subjects
Evans, R., & Parks, J., & Nichols, S. (2006, June), I2 P™ International Competition: A Global Educational Forum For Technology Entrepreneurship Paper presented at 2006 Annual Conference & Exposition, Chicago, Illinois. 10.18260/1-2--1239
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