Florida Atlantic University (FAU) recently established a university-level Innovation and Entrepreneurship Platform with the goal of integrating and enhancing entrepreneurial activity at FAU. As part of the initiative, this grant will help lay the groundwork for the development of two new programs: the Spark Incubator and a Certificate in Innovation and Entrepreneurship at Spark.
This planning grant supports the development of a plan for programs to support student entrepreneurship at Louisiana State University through a new interdisciplinary course in entrepreneurship, a business plan competition, and a mentorship program. The three-pronged program is designed to stimulate the formation of LSU's first E-Teams, involving undergraduates, faculty and counselors from technical, business and humanities disciplines. The overall aim of their efforts is to prepare undergraduates to become contributors to both the local Louisiana economy and the global economy.
University of North Carolina at Pembroke, 2010 - $8,000
The University of North Carolina at Pembroke (UNCP) serves a diverse regional community of 38% Native Americans, 32% Caucasians, 25% African Americans, and 5% Hispanics and others. UNCP is located among the poorest counties in the nation, with unemployment between 12% and 18% and per capita income 40% below the national average. In order to help the regional economy, efforts are underway to promote entrepreneurship through the Thomas Family Center for Entrepreneurship (TFCE). The TFCE is a UNCP-affiliated organization whose goal is to promote entrepreneurship education at UNCP and provide free entrepreneurial consulting for local area residents.
This grant provides seed money to lay the groundwork for a follow-on proposal to create innovation-driven pathways for university students to lead new business development in this economically underprivileged area.
Drexel Smart House is a student-led, research-driven organization at Drexel University working to develop a sustainable model for urban residential living. The organization engages students in multidisciplinary teams working on a number of green projects, including a lightweight green roof, residential water recovery system, urban crop cultivation, energy recovery systems and more.
This grant will create the Drexel Smart House Student Seed Fund, which will allow students to conduct early research and prototype development. Drexel Smart House has shown that access to early seed funding for preliminary research and prototypes greatly improves prospects for expanded research funding and industry collaboration.
The new eighteen-month program will fund individual, student-proposed projects ranging in cost from $100-$2,500. Student-developed short proposals will be reviewed by a faculty member and a student review board. Project proposals will be from teams working on freshman or senior engineering design projects, multidisciplinary teams, graduate student teams, and undergraduate/graduate teams.
This grant supports a new course, Sustainable Medical Device Innovation for Developing Countries, in Johns Hopkins’ Center for Bioengineering Innovation and Design (CBID). The course, being developed as a core requirement for a new one-year MS program at CBID, will have the explicit aim of training students in the process of identification, invention and implementation of healthcare technologies that solve clinical problems in developing countries.
Students will learn through immersive clinical experience, partnering with hospitals and community health centers in South Asia and Southern Africa. Over the course of two semesters, they will work in teams to invent and prototype multiple solutions to problems they identify, develop a clinical trial plan, identify manufacturing partners, and develop an appropriate business model. Once the projects reach a certain level of maturity, teams will receive intensive mentoring on how to pursue further funding opportunities to fully implement their ideas (Gates Foundation, USAID, etc.).
This grant supports the transformation of a year-long engineering capstone course into an E-Team-generating experience that takes the best new product ideas on campus and turns them into real prototypes and potential business ventures. There will be three steps to the program: 1) in a spring “Ideas Competition,” students will pitch their ideas to a review board made up of entrepreneurs/investors; 2) E-Teams will be formed around each of the five winning ideas; 3) the following spring, the E-Teams will compete in a business plan competition, with the winning teams receiving substantial funds to continue development of their projects beyond the capstone timeframe.
The teams will be comprised of students from engineering, business and law.
University of Massachusetts Amherst, 2010 - $29,000
The NCIIA-funded UMass Amherst Entrepreneurship Initiative (UMassEI), a one-credit course, has greatly increased student participation in entrepreneurship on University of Massachusetts Amherst campus, having grown from five students in 2007 to over 200 from thirty majors running over 100 active student companies. While UMass faculty are currently formalizing a program that connects the most advanced of these student companies to outside mentors, increasing their chances for success, there remains a large gap between the mature teams and the teams in need of support. Many student companies lack the maturity or level of development to take advantage of the mentorship program after completing the one-credit UMassEI class.
This grant will help bridge the gap and connect more students more effectively to outside programs and mentors. Faculty will develop a “bridge program” for students, with the objective of providing early student companies with the knowledge and support they need to cross the gap between completing the introductory course and reaping maximum benefit from outside advisors. The program will consist of three elements: independent studies with faculty across campus who will mentor student innovation projects; bi-weekly seminars for all student proto-companies in the program to build peer-mentoring networks (a result of feedback from mentors who said students were not “ready” to talk with them yet), share successes, answer questions and make them accountable to the group; and weekly networking sessions with external entrepreneurs.
This grant supports the enhancement and institutionalization of Creative Design for Affordability (CDfA), a new course in the Johnson Graduate School of Management at Cornell University. CDfA, established in collaboration with faculty from Cornell’s College of Human Ecology Department of Design and Environmental Analysis, is an experiential course focused on the role that design and technology development plays in private sector innovation and social entrepreneurship.
Through this grant, Cornell faculty will be able to support approximately five multidisciplinary E-Teams per year working with peers in India on the development and launch of businesses addressing global societal challenges. Specifically, funding will help to strengthen the effectiveness of the interdisciplinary content of the course by supporting the integration of business, design, and technological innovation; ensure that cross-national, US-India E-Teams collaborate in creating viable technologies addressing critical problems; and assure E-Teams gain access to mentorship resources inside and outside the classroom.
This grant supports a new course in entrepreneurship at Michigan State University (MSU). Currently, the College of Engineering at MSU generates a number of invention disclosures every year from student-faculty teams, but the question of whether a business opportunity exists or not isn’t typically addressed.
The new course will introduce select students and faculty working on IP-generating projects to the entrepreneurial process (opportunity identification, IP strategy, market research, operations, financial analysis, etc.); provide students with a multidisciplinary team experience by including business students on each of the projects; and provide teams with experience in developing formal product feasibility and business plans, submitting them to Michigan’s Great Lakes Entrepreneurship Quest Competition and gaining “real-world” feedback. The program is integrated with university engagement in local economic development programs and has support from those programs for mentoring and support of successful student teams.
Over the last four years, the Center of Bioengineering Innovation and Design (CBID, supported by an NCIIA Course and Program grant) within the Department of Biomedical Engineering at Johns Hopkins University has planned and launched a one-year master’s program focusing on the identification, creation and implementation of novel health care technologies.
This grant will fund prototype development costs for graduate student teams developing technologies in the CBID. Feedback from VCs and others emphasized the importance of developing very strong prototypes in order to increase the chances for securing funding and support. Faculty also plan to expand the program from twelve to fifteen students, and require teams to increase the number of and improve the quality of prototypes developed over the span of the program.
Grant PI Bob Allen reports that so far 15 students have graduated from the program with MS degrees. JHPIEGO, JHU’s global health partner, is further developing two other projects from the grant: an electronic partogram and the antenatal screening kit (a 2010 E-Team grantee and Popular Science invention of the year).