ueda summit 2012: models for student entrepreneurship (michalerya, ochs & jackson)

Create and Launch Your Company in One Year

A Different Kind of Graduate Program

• Dedicated Curriculum – Customized to Your Needs

• Dedicated Faculty – Mentors and Advisors

• Dedicated Facilities – Private Lab and Classroom

… Make Your Ideas Into Reality

2

Dedicated Curriculum

SUMMER SESSION – SKILL BUILDING

3

• Intellectual Property

• Creativity and Innovation

• Prototyping

• Visual Thinking


FALL SEMESTER – DESIGN

4

• Product and Customer

• Business Model

• Finances

• Startup Team


SPRING SEMESTER – LAUNCH

5

• Startup Team & Resources

• Frist Customers

• Product Launch

• Company Launch

Dedicated Faculty

6

John Ochs, Director, Technical Entrepreneurship

• Computer-Aided Design Computer-Aided Manufacturing

• Integrated Product Development• Industry Consultant and Startups• Mechanical Engineering and Mechanics

Dedicated Faculty

7

Marc de Vinck, Baker Professor of Creativity• Industrial design

• Product developer at MAKE Magazine• Arduino and micro-controllers

Dedicated Faculty

8

Dr. Michael Lehman, Professor of Practice

• MD and MBA• Entrepreneurship development• Commercialization of new

technologies

Dedicated Faculty

9

Brian Slocum, Director, Design Labs, Wilbur Powerhouse

• Prototyping and metal working• Integrated Product Development

Dedicated Staff

10

Brenda Kahn, Coordinator

Lisa Getzler-Linn, Administrative Director

Amy White, Communications

Dedicated Facilities: Wilbur Powerhouse

Dedicated Facilities: Resources

3D Digital Scanner

Project Spaces

Professional CAD, Graphics & Animation Computer Lab

ProgrammableRouter

Fully Staffed Industry-gradeWorkshop

RapidPrototyping

Meet the Students

13

Our current cohort includes students with undergraduate degrees in engineering, design arts, global studies, psychology, architecture, journalism, political science, and supply chain management.

Meet the Students

14

“I’m learning all the tools I need to start a business.”

“I want to develop products to make life easier or more fun. This program gives me a ton of new creative and innovative techniques.”

“I get to have fun!”

Systems for Reef Aquariums

~$5M annual revenue• IPD Entrp. Project• Thalheimer Winner• NCIIA Natl. Winner• Garage Incubator• IPD Masters of Engr.• VENTURESeries• KIZ Funding• ESC-Agile PA• Ben Franklin Tech• MRC, BEDCO• Nanotech Center• PSGE & ILR mentor

National Winner

Successful Student Companies

http://www.inc.com/inc5000/profile/ecotech-marine

http://education.newsweek.com/photo/2010/09/15/college-students-who-made-millions.html

• IPD 3-Semester Project• Thalheimer Winner• Levin Advanced

Technology Winner• NCIIA National Winner• Garage Incubator• VENTURESeries• Innovation & Leadership

Residency• KIZ Funding• 2010 March Madness for

the Mind• Venture Well East 2010• IPD Sponsor• PSGE Mentor

National Winner

America’s Top 25 Best Young Entrepreneurs 2010


IBE Freshman Workshop IPD Masters of EngineeringThalheimer Competition WinnerPowerhouse Garage IncubatorPA State KIZ GrantAgile PA GrantBen Franklin Grant & IncubatorRising Tide Community Loan Fund

hField Technologies, Inc



Identity Finder, LLC is a leader in data loss and identity theft prevention services – founded by Todd Feinman ‘90

Social networking site Viddler allows users to upload, edit, and share digital photos – founded by Rob Sandie ‘06

Opening 2 weeks after graduation, Lehigh Valley Grand Prix provides high-speed indoor go-kart racing – founded by Mike McCreary ‘07

George Guest LTD designs and manufactures backpacks for outdoor enthusiasts, travelers, and everyday use – founded by George Keeler ‘09

www.lehigh.edu/innovate

Create and Launch Your Company in One Year

“Innovation, fueled by creativity, is this generations most import economic development engine.1”

110 tenets of an entrepreneurial mindset, John Ochs, www. USAtodayeducate.com, May 24, 2012

A 40-year Journey

• Acoustics (interdisciplinary)

• Computer generated animation

• Computer-Aided Design and Computer Aided Manufacturing (CAD/CAM)

• Engineering Design – Industrial Design – Capstone Design Projects

• Integrated Product Development

• Technical Entrepreneurship

April 10, 202321

Innovation Engine Manufacturing

Products

Revenues

Investment in Innovation

Other Purposes

People invest in new products/services because the expected yield in long term growth and sustainability is greater than other alternatives

Pay

ing

Cu

stom

ers

Innovation is the engine driving economic development

IPD Process

Services

Tenets of an Entrepreneurial Mindset

1. Innovation, fueled by creativity, is this generations most import economic development engine.

2. The greatest opportunity for innovation occurs at the intersection of disciplines

3. Innovation is a process that can be best learned by doing it

4. Greatest chance for successful innovation comes from cross disciplinary teams

5. The market defines successApril 10, 202323

Tenets of an Entrepreneurial Mindset

6. All constraints are self imposed. The world is your resource.

7. Fail early and often to succeed sooner – fail, learn and try again.

8. Learn to embrace risk, it’s the flip side of benefits and value

9. Successful innovation requires a team and leadership

10.A track record of ethical behavior leads to trust and faith in entrepreneurs to lead.

April 10, 202324

5-Step Development Process

OpportunityScanning

Conceptual Design & Product Planning

Product Development

Manufacturing

Development

Market Development

Manufacturing Ramp-

up

Market Introducti

on

Project and Process Management

IP Documentation and Data Management

12

4

3

3

4Service & Customer Support

5

3

IPD Overview

Ulrich & Eppinger’s Product Development Process Focusing on Steps 1, 2 and 3

Perform Economic and Business Analysis

Benchmark Competitive Products

Build and Test Models and Prototypes

IdentifyCustomer

Needs

EstablishTarget

Specifications

GenerateProduct

Concepts

SelectProduct

Concept(s)

Set Final

Specifications

PlanDownstreamDevelopment

MissionStatement

TestProduct

Concept(s)

DevelopmentPlan

IPD Overview

Track and Secure Intellectual Property

Customer and Company Development

A proven track record of successful student start-ups …

A Proven Track record of Successful Student Start-ups

April 10, 202328

Tech Startups

• Viddler.com

• Orion Security LSP

• Gigmax.com

• hField Technologies

• EcoTech Marine

• Lifeserve Innovations

• Squareknot

• Challtech

Services

• Lehigh Valley Grand Prix

• Vital Conversions

Fashion

• Simply-Anti Apparel

• George Guest Ltd.

• Hillary Caroline Jewelry

NGOs

• Soccer without Borders

• Jamii Water

A proven track record of successful student start-ups along with a nationally recognized entrepreneurship ecosystem …

LEHIGHEntrepreneur

shipEcosystem

Infrastructure& Other Related

Courses

RelatedOrganizations

EducationalPrograms

Office ofTechnology Transfer &

Commercialization

LEHIGHEntrepreneur

shipEcosystem


Courses

Center for AdvancedMaterials & Nanotech

SBDC

KeystoneInnovation

ZoneManufacturers ResourceCenter

Baker Institute


EducationalPrograms

Ben Franklin Technology

Partners

Life Sciences

Greenhouse

Center forOptical

Technologies


Commercialization

LEHIGHEntrepreneur

shipEcosystem


Courses

IntegratedBusiness &Engineering

IntegratedProduct

Development

Design Minor &

Design MajorsCommunity

Fellows


SBDC

KeystoneInnovation


Baker Institute

MBA Corporate Entrepreneursh

ip

VentureSeries Executive Certificate


EducationalPrograms


Partners

Life Sciences

Greenhouse

Integrated Real

Estate

PA Governor’s Institute for

PersonalFinance &

Entre-preneurial Education

EntrepreneurshipMinor

Computer Science& Business

Center forOptical

Technologies

Global Village

Leadership Lehigh

Enterprise System Center

IDEAS

Masters in Technical

Entrepreneurship


Commercialization

LEHIGHEntrepreneur

shipEcosystem


Courses


IntegratedProduct

Development

Community Consulting Practicum

Microfinance

ThalheimerStudent Entrepreneurs Competition

Design Minor &


Fellows

Business Information Systems Practicum

Undergraduate Engineer

Entrepreneur Fund


SBDC

Capstone CE & IE Design Projects

KeystoneInnovation


Baker Institute

L. Pool Memorial Scholarshipsfor Entrepreneurship

Small Business Counseling MBA Corporate

Entrepreneurship



EducationalPrograms

Development & Marketing

of New ProductsBioengineering Capstone Design


Partners

Wilbur Powerhouse

Life Sciences

Greenhouse

“Garage” Student Start-up Incubator

Lehigh Entrepreneurs Network

Integrated Real

Estate

Production & Marketing of

Sound Recordings


PersonalFinance &




Center forOptical

Technologies

Martindale Center

Iaccoca InstituteProfessional Education

Seminars

Leadership Breakfast Series

The Business of Life Science

Global Village

Leadership Lehigh

Office of Student

Leadership Development


IDEAS

Masters in Technical Entrepreneurship


~$15M annual revenue• IPD Entrp. Project• Thalheimer Winner• NCIIA Natl. Winner• Garage Incubator• IPD Masters of Engr.• VENTURESeries• KIZ Funding• ESC-Agile PA• Ben Franklin Tech• MRC, BEDCO• Nanotech Center• PSGE & ILR mentor• IPD Sponsor

National Winner




A proven track record of successful student start-ups along with a nationally recognized entrepreneurship ecosystem has led to the development of a different kind of graduate program in Technical Entrepreneurship…

A Different Kind of Graduate Program in Technical

Entrepreneurship

• Dedicated Curriculum – Customized to Your Needs

• Dedicated Faculty – Mentors and Advisors

• Dedicated Facilities – Private Lab and Classroom

… Make Your Ideas Into Reality

36


SUMMER SESSION – SKILL BUILDING

37

• Intellectual Property

• Creativity and Innovation

• Prototyping

• Visual Thinking


FALL SEMESTER – DESIGN

38

• Product and Customer Development

• Business Model

• Finances

• Startup Team


SPRING SEMESTER – LAUNCH

39

• Startup Team & Resources

• First Customers

• Company Launch

• Product Launch

Dedicated Faculty

40

John Ochs, Director, Technical Entrepreneurship

• Computer-Aided Design Computer-Aided Manufacturing

• Integrated Product Development• Industry Consultant and Startups• Mechanical Engineering and Mechanics

Dedicated Faculty

41

Marc de Vinck, Baker Professor of Creativity• Industrial design

• Product developer at MAKE Magazine• Arduino and micro-controllers

Dedicated Faculty

42

Dr. Michael Lehman, Professor of Practice

• MD and MBA• Entrepreneurship development• Commercialization of new

technologies

Dedicated Faculty

43

Brian Slocum, Director, Design Labs, Wilbur Powerhouse

• Prototyping and metal working• Integrated Product Development

Dedicated Staff

44

Brenda Kahn, Coordinator

Lisa Getzler-Linn, Administrative Director

Amy White, Communications

Dedicated Facilities

A proven track record of successful student start-ups along with a nationally recognized entrepreneurship ecosystem has led to the development of a different kind of graduate program in Technical Entrepreneurship open to all entrepreneurially minded students from any major…

Meet the Students

47

Our current cohort includes students with undergraduate degrees in engineering, design arts, global studies, psychology, architecture, journalism, political science, and supply chain management.

A proven track record of successful student start-ups along with a nationally recognized entrepreneurship ecosystem has led to the development of a different kind of graduate program in Technical Entrepreneurship open to all entrepreneurially minded students from any major who are seriously interested to be …

www.lehigh.edu/innovate

… a part of the economic development engine for the Lehigh Valley and beyond.

Apply to be part of the class of ’14 at:

“Innovation is not an elective”

Center for Wireless Integrated MicroSystems – Mobius Microsystems, founded by a grad student, became a world leader in all-silicon clock generation technology used in cell phones, USB ports, and other small computer devices and peripherals for timing computer operations

ERC Innovations & Impacts - SPINOFF COMPANY -


Founded by two former undergraduate students in Caltech’s Center for Neuromorphic Systems Engineering in 1996, DigitalPersona has become a leader in biometric password management for PCs and corporate information systems. The company’s technology and design are used in Microsoft’s Fingerprint Reader devices and many other products. DP markets its own fingerprint readers directly to consumers.

ERC Innovations & Impacts - SPINOFF TECHNOLOGY -

USC’s Biomimetic MicroElectronic Systems ERC – BMES has gained FDA approval for clinical use of a second-generation implantable prosthetic retina, the Argus II Retinal Prosthesis System, developed in conjunction with device manufacturer, Second Sight Medical Products. The device enables previously blind people to perceive light and patterns.

University of Washington UWEB Healionics, Inc. startup’s STAR 3-D biomaterial scaffold is designed to heal around a medical implant and

promote acceptance in the body. Healionics has itself spun off two independent operating companies, iSTAR Medical and qSTAR Medical,

both based on STAR 3-D. The company’s flagship medical device, a glaucoma drain, has received CE Mark approval so it can be sold in Europe.

ERC Innovations & Impacts - SPINOFF COMPANY –


SynBERC (based at U. California-Berkeley) – A microbial process for inexpensively producing the anti-malarial drug, artemisinin, passed through SynBERC spinoff Amyris Biotechnologies to a major pharmaceutical company

Optoelectronic Computing Systems Center (1987-1998) – Spinoff ColorLink (now RealD Cinema) introduced a new generation of 3D film technology that won an Academy Award for Special Effects, in the 2009 movie Avatar


ERC on Mid-InfraRed Technologies for Health and the Environment (Class of 2006) – Daylight Solutions, Inc., is commercializing advanced quantum-cascade laser systems developed in partnership with MIRTHE



Colorado State’s Extreme Ultraviolet ERC –The EUV ERC transferred its state-of-the-art high harmonic generation (HHG) source technology to KMLabs, Inc. in Boulder. KMLabs used the technology to produce the first turnkey 30 nm EUV commercial laser system with their XUUS™ (eXtreme Ultraviolet Ultrafast Source) product.

Strategic Fit with Lehigh 2020

Entrepreneurship Initiative

Baker Institute for Entrepreneurship,

Creativity and Innovation

2007

2010

2012

Masters of Technical Entrepreneurship (TE)


Commercialization

LEHIGHEntrepreneur

shipEcosystem


Courses


IntegratedProduct

Development

Community Consulting Practicum

Microfinance

ThalheimerStudent Entrepreneurs Competition

Design Minor &


Fellows

Business Information Systems Practicum

Undergraduate Engineer

Entrepreneur Fund


SBDC

Capstone CE & IE Design Projects

KeystoneInnovation


Baker Institute

L. Pool Memorial Scholarshipsfor Entrepreneurship

Small Business Counseling MBA Corporate

Entrepreneurship



EducationalPrograms

Development & Marketing

of New ProductsBioengineering Capstone Design


Partners

Wilbur Powerhouse

Life Sciences

Greenhouse

“Garage” Student Start-up Incubator

Lehigh Entrepreneurs Network

Integrated Real

Estate

Production & Marketing of

Sound Recordings


PersonalFinance &




Center forOptical

Technologies

Martindale Center

Iaccoca InstituteProfessional Education

Seminars

Leadership Breakfast Series

The Business of Life Science

Global Village

Leadership Lehigh

Office of Student

Leadership Development


IDEAS

Masters in Technical

Entrepreneurship

• Ben Franklin Technology Partners

• Manufacturers Resource Center

• Small Business Development Center

• Pennsylvania InfrastructureTechnology Alliance (PITA)

• Office of Technology Transfer

PITA

State Economic Development @ Lehigh

http://www.lehigh.edu/~intectrn/index.html

Bethlehem Vision 2012

Wall Street West - WIREDLV Workforce Investment Board

PA Group (DC)

Regional Economic Development Partners

Agile PA

http://www.nep.benfranklin.org/index.php

http://www.universityeda.org/index.htm

Student Entrepreneurship Opportunities

• Entreprenuru – Zach [email protected]

• Entrepreneurship Club – David Gritz [email protected]

• Entrepreneurship Minor – Prof T Watkins [email protected]

• Eureka Competition Series – L [email protected]

• Entrepreneurial Leadership Workshops• Entrepreneurship Week• Entrepreneurs in Residence.• Thought Leaders Speaker Series• Entrepreneurial Internships

www.lehigh.edu/entrepreneurship

Recent Lehigh Student Start-up Companies

• Lehigh Valley Grand Prix (Marketing/economics)• Viddler.com (CSB)• Orion Security LSP (IBE)• Hillary Caroline Jewelry (Eship Minor)• Gigmax.com (ECE)• George Guest Ltd.(Product Design)• Lifeserve Innovations (BioEngineering)• MPlug (IBE)• HAWILI / JammiWater (IR and ME)

http://www.lehighvalleygrandprix.com/

http://www.viddler.com/

http://orionlsp.com/

http://www.hilarycaroline.com/

http://www.gigmax.com/

Example Recent Lehigh Student Startups

Tech Startups• Viddler.com• Orion Security LSP• MPlug• Gigmax.com• hField

Technologies• EcoTech Marine• Kitchen

Conveniences• Lifeserve

Innovations

Services• Lehigh Valley Grand Prix• Vital Conversions

Fashion• Simply-Anti Apparel• George Guest Ltd.• Hillary Caroline Jewelry

NGOs• Soccer without Borders• Jamii Water

LIFESERVE INNOVATIONS

Thalheimer Student Competition Winner - $5,000

Office in Wilbur Powerhouse

$5,000 in Summer Funding

Infrastructure and Network

$20,000 NCIIA Grant

2009 Grand Prize Winner

Dean Brown, R Arlow, J&J Thalheimer, Z Bloom, B Bucholz, Dean Wu

Current Student StartupIn Residence in Garage Incubator

• IPD 3-Semester Project• Thalheimer Winner• Levin Advanced

Technology Winner• NCIIA National Winner• Garage Incubator• VENTURESeries• Innovation & Leadership

Residency• KIZ Funding• 2010 March Madness for

the Mind• Venture Well East 2010• IPD Sponsor• PSGE Mentor

National Winner

America’s Top 25 Best Young Entrepreneurs 2010

EcoTech Marine’s Story

• High school hobby• Calcuim Reactor

– Maintains calcium and alkalinity balance

• VorTech Propeller– Provides wave-like flow

with all electrical connections outside of the tank

• Eco Shield– Imbedded engineered

nano materials inhibits algae growth

• Now an IPD Sponsor

The key to societal wealth ?

It’s the student E-team. They form new companies that invent stuff and sell it to the world!

TE Model: Change the question!

National Winner$8,350

Lehigh’s Model: Example Projects

VorTech Propeller Pump

for Reef Aquariums

~2000 sold @~$300


~$5M annual revenue• IPD Entrp. Project• Thalheimer Winner• NCIIA Natl. Winner• Garage Incubator• IPD Masters of Engr.• VENTURESeries• L. Pool Scholar• KIZ Funding• ESC-Agile PA• Ben Franklin Tech• MRC, BEDCO• IPD Sponsor• Nanotech Center• PSGE & ILR mentor

National Winner

Example Student Entrepreneurial Start-Up




>$3M annual revenue

IPD, Pool ScholarThalheimer winnerGarage Incubator

VentureSeriesBen Franklin & KIZ Funding

Nanotech Center

National Winner

Example Student Entrepreneurial Start-Up

Dec 6, 2007

IBE Freshman Workshop ENTP 312 & IBE Capstone

Thalheimer Competition WinnerPowerhouse Garage Incubator

PA State KIZ Grant, Agile PA GrantBen Franklin Grant & Incubator

hField Technologies, Inc

ExampleStudent Entrepreneurial Start-Up


Mike McCreary, founder

Marketing ’08

Launched Company in Allentown

www.lehighvalleygrandprix.com


http://www.gigmax.com/index.php

http://www.gigmax.com/register.php

HAWILI / JammiWater

• Lisa Boyd IR’10Founding Director

• Mission: Discover What is Necessary to Make Water Systems in Tanzania Sustainable?

• Winner 08-09 & 09-10Lehigh

Social Venture Creation Competition for Student Entrepreneurs

Soccer Without Borders

• Ben Gucciardi ’05, G’06Founding Director

• Lehigh soccer team captain• Mission: “Soccer as vehicle

for positive change in the lives of marginalized youth”

• Winner 2005-06 Lehigh Student Social Entrepreneurship Competition

• Now worldwide programs• Lehigh Entrepreneur in

Residence Spring 2008

Wilbur Powerhouse: Renovated Entirely to Support Student Projects

Example Graduate Student Startup

Partnerships• KIZ Student Interns• KIZ Grant Funding• National Institute of

Health/SBIR• Widener University• Lehigh faculty consulting• Ben Franklin Technology

Parters Incubator (on campus)

• Integrated Product Development (IPD)

“Those electron microscopes cost $1 million a piece. If Lehigh didn’t have them, we wouldn’t be able to characterize our product. You can’t manipulate what you can’t see.”

William Van Geertruyden, Founder

Membrane Technology for Kidney Disease• 2x toxin removal• Lower treatment time• Improved re-usability• Lower mortality rate• Comparable cost

Entrepreneurship in High School(Leah Christman of Northwestern Lehigh & John Ochs of Lehigh’s IPD program)

Examples of the Business start-ups:

-Morning Smoothies-Photo I.D. cards-Advertisements,-Procedures, -Color coded maps, -Stock holder cards.

Powerhouse Resources

3D Digital Scanner

Project Spaces

Professional CAD, Graphics & Animation Computer Lab

ProgrammableRouter

Fully Staffed Industry-gradeWorkshop

RapidPrototyping

Powerhouse Z-Corp 650 3D Color Printer

82

NSF’s Engineering Research Centers: Nurturing Student

Entrepreneurs--

Presented to the UEDA Summit--

October 23, 2012Dr. Deborah Jackson

Engineering Research Center (ERC) Program DirectorEngineering Directorate

National Science Foundation

83

OUTLINE

Engineering Research Centers› Guiding Principles› New Gen-3 Features

Innovation Spectrum and Innovation Ecosystem

Summary

84ERCs Build University Cultures that Join Discovery & Innovation in Partnership with Industry

ERC Program Goals Create a culture in academe that joins research,

education to stimulate innovation; Build partnerships with industry to strengthen the

innovative capacity of the U.S. in a global context; Produce creative and innovative engineering

graduates, capable of leading teams in a globally competitive world.

85

Vision & Strategic Plan

Research

Education IndustrialCollaboration

An NSF Engineering Research CenterA Complex, Interdependent System

Leadership &Management

Funds, Equipment,Facilities

Students,Faculty & Staff

Industry/Users

Graduates Knowledge Technology Curricula

86

OUTLINE

Engineering Research Centers› Guiding Principles› New Gen-3 Features

Innovation Spectrum and Innovation Ecosystem

Summary

Between Invention and Commercialization

Innovation Program to Bridge the Valley of DeathR

esou

rce

s

ERC Research atUniversities

New Products Sold at Companies

Level of Development

ExistingResearchResources

ExistingCommercialization

Resources

Inventing Commercializing

Valley of Death

Credit: Deborah Jackson 2011

Closer Look at the Valley of DeathOverlapping Structural Resources and Activities

Resou

rce

s




“Valley of Death”

Inventing Commercializing

NSF/EEC Project 9528410TEC: Kingon and Markham

Champions(People)

FormalProcesses

(Ideas)

CriticalResources

(Tools)

Valley of DeathChallenge Basin

Engineering-Business School Partnerships Develop Champions to Run the Gauntlet of Risk

Investment Focus Group Educate potential investors to reduce their risk

Rapid Prototype Infrastructure Mitigate small business demonstration costs

Innovation Bridge Structures Turn“Valley of Death” into “Challenge Basin”

Resou

rce

s




ExistingResearchResources

ExistingCommercializationResources

InventingCommercializing

Championship shift

Prototype capital expense

Risk mitigation shift

CREDIT: Deborah Jackson

Pictorial Definition of Innovation Ecosystem

The Innovation Ecosystem comprises all intangible actions and complex relationships that make crossing easier by effectively:› Moving left valley wall to right› Moving right valley wall to left› Raising valley floor upward

Credit: Deborah Jackson 2011

www.erc-assoc.org/ecosystems

http://www.erc-assoc.org/ecosystems

Intangible Relationships are the Glue that Aid Ecosystem

Functioning Building networking relationships between entities; Developing trust relationships among players; Building competent entrepreneurial teams to

champion ventures across valley of death; Educating prospective investors to reduce perceived

risk; Minimizing perceived risk to student champions; Transferring market sector knowledge to ERC from

commercial economy; Leveraging economies of scale by clustering like

ventures with similar investor and other potential commercialization resources. 91

Summary: ERCs are Responding

On-Campus “Incubators/ Accelerators” (e.g. Foundry at CMU QoLT), › Entrepreneurial training, › business plan development coaching, › seed funding

FREEDM ERC housed on North Carolina State’s Univ. Centennial Campus

Formal ENG-Business School Partnerships Investment Focus Group (IFG) at MIRTHE: Gen-

2 ERC at Princeton

92www.erc-assoc.org/ecosystems

http://www.erc-assoc.org/ecosystems

Center for Wireless Integrated MicroSystems – Mobius Microsystems, founded by a grad student, became a world leader in all-silicon clock generation technology used in cell phones, USB ports, and other small computer devices and peripherals for timing computer operations



Founded by two former undergraduate students in Caltech’s Center for Neuromorphic Systems Engineering in 1996, DigitalPersona has become a leader in biometric password management for PCs and corporate information systems. The company’s technology and design are used in Microsoft’s Fingerprint Reader devices and many other products. DP markets its own fingerprint readers directly to consumers.


USC’s Biomimetic MicroElectronic Systems ERC – BMES has gained FDA approval for clinical use of a second-generation implantable prosthetic retina, the Argus II Retinal Prosthesis System, developed in conjunction with device manufacturer, Second Sight Medical Products. The device enables previously blind people to perceive light and patterns.

BACKUP SLIDES

Definitions Productivity is a ratio of production output to what

is required to produce it (inputs). Economic growth is the increase in the amount of

the goods and services produced by an economy over time.

Two ways to increase productivity1. Increasing inputs resulting in increased outputs.2. Find a new way of doing things that improves the

efficiency of productivity or brings value where none

http://en.wikipedia.org/wiki/Economics

INNOVATION

Innovation is defined as the introduction of new or significantly improved products (goods or services), processes, organizational methods, and marketing methods in internal business practices or the marketplace” (http://www.nsf.gov/statistics/seind10/pdf/c0.pdf page 4-50).

http://www.nsf.gov/statistics/seind10/pdf/c0.pdf%20page%204-50

http://www.nsf.gov/statistics/seind10/pdf/c0.pdf%20page%204-50

New Products , Features, or Processes

R&D Resource Investments

FundamentalTechnology

Breakthroughs

Increased Salesand Profits

Economics of the Ecosystem

ueda summit 2012: models for student entrepreneurship (michalerya, ochs & jackson)

Education

dedicated facilities

successful innovation

dedicated facultymarc

dedicated facultyjohn

dedicated facultybrian

design labs

design arts

ipd processinnovation