ENGG 321: Introduction to Innovation
ENGG 321 provides students in the Ph.D. Innovation Program with experience in the process of commercializing a new technology. During the fall (or winter) term, the students act as faculty assistants for ENGS 21 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 the term, students develop a full enterprise plan for commercialization of the technology, including IP issues ad strategy, applications, market forecasting and strategy, product development plans, a full multiyear 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.