Post on 13-Jan-2015
description
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
Dedicated Curriculum
FALL SEMESTER – DESIGN
4
• Product and Customer
• Business Model
• Finances
• Startup Team
Dedicated Curriculum
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
• 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
Successful Student Companies
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
Successful Student Companies
Successful Student Companies
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
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Partners
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Greenhouse
Center forOptical
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Office ofTechnology Transfer &
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shipEcosystem
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IntegratedBusiness &Engineering
IntegratedProduct
Development
Design Minor &
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SBDC
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ZoneManufacturers ResourceCenter
Baker Institute
MBA Corporate Entrepreneursh
ip
VentureSeries Executive Certificate
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Ben Franklin Technology
Partners
Life Sciences
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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
Office ofTechnology Transfer &
Commercialization
LEHIGHEntrepreneur
shipEcosystem
Infrastructure& Other Related
Courses
IntegratedBusiness &Engineering
IntegratedProduct
Development
Community Consulting Practicum
Microfinance
ThalheimerStudent Entrepreneurs Competition
Design Minor &
Design MajorsCommunity
Fellows
Business Information Systems Practicum
Undergraduate Engineer
Entrepreneur Fund
Center for AdvancedMaterials & Nanotech
SBDC
Capstone CE & IE Design Projects
KeystoneInnovation
ZoneManufacturers ResourceCenter
Baker Institute
L. Pool Memorial Scholarshipsfor Entrepreneurship
Small Business Counseling MBA Corporate
Entrepreneurship
VentureSeries Executive Certificate
RelatedOrganizations
EducationalPrograms
Development & Marketing
of New ProductsBioengineering Capstone Design
Ben Franklin Technology
Partners
Wilbur Powerhouse
Life Sciences
Greenhouse
“Garage” Student Start-up Incubator
Lehigh Entrepreneurs Network
Integrated Real
Estate
Production & Marketing of
Sound Recordings
PA Governor’s Institute for
PersonalFinance &
Entre-preneurial Education
EntrepreneurshipMinor
Computer Science& Business
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
Enterprise System Center
IDEAS
Masters in Technical Entrepreneurship
Systems for Reef Aquariums
~$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
Successful Student Companies
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
Dedicated Curriculum
SUMMER SESSION – SKILL BUILDING
37
• Intellectual Property
• Creativity and Innovation
• Prototyping
• Visual Thinking
Dedicated Curriculum
FALL SEMESTER – DESIGN
38
• Product and Customer Development
• Business Model
• Finances
• Startup Team
Dedicated Curriculum
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 -
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 –
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 Innovations & Impacts - SPINOFF COMPANY -
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
ERC Innovations & Impacts - SPINOFF TECHNOLOGY -
ERC Innovations & Impacts - SPINOFF TECHNOLOGY -
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)
Office ofTechnology Transfer &
Commercialization
LEHIGHEntrepreneur
shipEcosystem
Infrastructure& Other Related
Courses
IntegratedBusiness &Engineering
IntegratedProduct
Development
Community Consulting Practicum
Microfinance
ThalheimerStudent Entrepreneurs Competition
Design Minor &
Design MajorsCommunity
Fellows
Business Information Systems Practicum
Undergraduate Engineer
Entrepreneur Fund
Center for AdvancedMaterials & Nanotech
SBDC
Capstone CE & IE Design Projects
KeystoneInnovation
ZoneManufacturers ResourceCenter
Baker Institute
L. Pool Memorial Scholarshipsfor Entrepreneurship
Small Business Counseling MBA Corporate
Entrepreneurship
VentureSeries Executive Certificate
RelatedOrganizations
EducationalPrograms
Development & Marketing
of New ProductsBioengineering Capstone Design
Ben Franklin Technology
Partners
Wilbur Powerhouse
Life Sciences
Greenhouse
“Garage” Student Start-up Incubator
Lehigh Entrepreneurs Network
Integrated Real
Estate
Production & Marketing of
Sound Recordings
PA Governor’s Institute for
PersonalFinance &
Entre-preneurial Education
EntrepreneurshipMinor
Computer Science& Business
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
Enterprise System Center
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
Bethlehem Vision 2012
Wall Street West - WIREDLV Workforce Investment Board
PA Group (DC)
Regional Economic Development Partners
Agile PA
Student Entrepreneurship Opportunities
• Entreprenuru – Zach Bloomlifeserve.bloom@gmail.com
• Entrepreneurship Club – David Gritz deg312@lehigh.edu
• Entrepreneurship Minor – Prof T Watkins taw4@lehigh.edu
• Eureka Competition Series – L Getzler-Linnlig4@lehigh.edu
• 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)
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
Systems for Reef Aquariums
~$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
Systems for Reef Aquariums
>$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
ExampleStudent Entrepreneurial Start-Up
Mike McCreary, founder
Marketing ’08
Launched Company in Allentown
www.lehighvalleygrandprix.com
ExampleStudent Entrepreneurial Start-Up
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
ERC Research atUniversities
New Products Sold at Companies
Level of Development
“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
ERC Research atUniversities
New Products Sold at Companies
Level of Development
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
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
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 -
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.
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
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).
New Products , Features, or Processes
R&D Resource Investments
FundamentalTechnology
Breakthroughs
Increased Salesand Profits
Economics of the Ecosystem