ENGG 321: Advanced Innovation and Entrepreneurship

Offered

19F: Arrange
Fossum

Textbooks  
No Textbook Required

21W: Arrange
Fossum

Prerequisites

Students in the Ph.D. Program in Innovation normally take this course during the fourth year of the program when their research is sufficiently advanced to have the prerequisite proposal for new technology. Ph.D. students not admitted to the Innovation program may request to enroll in this class in addition to their required courses. Because of the reduced frequency of meeting, credit is given for only one course, one-half for the winter term and one-half for the spring term.

ENGG 321 provides students in the Ph.D. Innovation Program with experience in the process of commercializing a new technology. During the same academic year as enrollment, the students act as faculty assistants for ENGS 21 or ENGS 89/90 to provide a learning experience in oversight of various projects. During the winter term, students meet on a weekly basis to discuss a variety of reading assignments in innovation and enterprise building. During the spring term, students choose a technology to commercialize, typically from their own dissertation research efforts. During that term students develop a full enterprise plan for commercialization of the technology, including IP issues and strategy, applications, market forecasting and strategy, product development plans, a full multi-year monthly financial cost plan for all aspects of the enterprise, and a resource plan including personnel and funding. Students meet weekly and make installment presentations to their classmates and instructor for discussion and modification. Ad hoc discussion of related issues to running an enterprise, such as team building and personnel, infrastructure, funding options, whole product, and the “chasm” between invention and product, also takes place. The spring term is an intensive experience and students should reserve sufficient time for the course activity. At the end of the spring term students will present their enterprise plan to a review panel of internal and external seasoned entrepreneurs and an audience of IP Fellows for feedback and discussion.