== Overview ==== Student Innovation and Entrepreneurship ==== Faculty Entrepreneurship ==== In the last 5 years, Penn State University Technology Transfer Functions ==== College-Industry Collaboration ==== Regional and Local Economic Development ==== Landscape Analysis =={| {{table}}| align="center" style="background:#f0f0f0;"|'''Resource_Type'''| align="center" style="background:#f0f0f0;"|'''Resource_Name'''| align="center" style="background:#f0f0f0;"|'''Resource Description'''| align="center" style="background:#f0f0f0;"|'''Program/Department Affiliation'''| align="center" style="background:#f0f0f0;"|'''Resource_Website'''|-| Center||Center for Engineering Design and Entrepreneurship||The Center for Engineering Design and Entrepreneurship provides a flexible environment for faculty has been expanding their entrepreneurial ecosystem by introducing new academic and students in engineering and business colleges in partnership with industry to designextracrurricular programs, constructrobust organizations focused solely on supporting entrerepeneurs, and test solutions expanded funding to engineering problemsinitiatives across its 20 campuses statewide.||Engineering ||httpThe creation of [https://www.cedeinvent.psu.edu/|-| Coop/Internship Experience||Cooperative Education Invent Penn State], acting as the leading entreprenerial organization for Penn State, has& Professional Internship Program||||||"nbsp;allowed centralized strategy and partnership between otherwise scattered resources.|-| "|-| Course||Critical Issues in ScienceIn 2013, Technology and Society Penn State introduced an intercollegiate [https://enti.psu.edu entrepreneurship minor (3)||||Engineering Entrepreneurship (E-SHIPENTI) ] that allows students across most colleges to venture into subject clusters of their choice. The entrepreneurship minor |||-| Course||E-SHIP Capstone / Entrepreneurship offers unique and New Product Development||Engineering diverse clusters: Arts Entrepreneurship (E-SHIP) minor ||Engineering|||-| Course||Energy and Modern Society(3) ||||Engineering , Digital Entrepreneurship (E-SHIP) minor |||-| Course||Entrepreneurial Business Basics||Engineering & Innovation, Entrepreneurship (Eas Advocacy, Food and Bio-SHIP) minor ||Engineering|||-| Course||Entrepreneurial Leadership||Engineering Innovation, Hospitality Management, New Media, New Ventures, and Social Entrepreneurship (E-SHIP) minor ||Engineering||.|-| Course||From Research Lab to ProductOff campus, organizations like the [http: Lab Automation Course to Enable Rapid Product Development||NCIIA grant funded|||||//launchbox.psu.edu Happy Valley LaunchBox] serve as a great starting point for student, faculty, and community entrepreneurs, alike. With free WiFi, coffee, and co-| Course||From Research Lab to Productworking space from 8: Lab Automation Course to Enable Rapid Product Development||NCIIA grant funded|||||30 am -| Course||Internationalizing Entrepreneurship Education Program (IEEP)||NCIIA grant funded|||||-| Course||Introduction 4:30 pm, anyone can utilize these resources. Several programs allow students and community members to Engineering start and Design Principles||Engineering Entrepreneurship (E-SHIP) minor ||Engineering||launch a business:|-| Course||Invention Commercialization||"ENGR (MGMT*[https:/IST/ENTR) 426 Invention Commercialization (3)|-| |-| The goal of ENGR (MGMTlaunchbox.psu.edu/ISTideatestlab/ENTR) 426 Idea TestLab] is a four-week program that gives curious minds tools, mentorship, and support to have students understand why invention commercialization is complicated and difficult by participating in the processconduct customer discovery with potential users. *For exampleentrepreneurs who are further along, the inventor rarely has insights into the markets for his[https://launchbox.psu.edu/fasttrackaccelerator/her inventionFastTrack Accelerator] program is a 16-week accelerator program that offers intensive, hands-on guidance and tools to grow their startup.*Penn State is often not interested in also home to the details of commercialization[https://invent.psu.edu/program/summer-founders/ Summer Founders Program], an immersive 13-week program that gives student and can be secretive. In additionlocal entrepreneurs $10,000 in grant funding, the business and financial communities often do not take the timededicated office space, or have the resourcesone-on-one mentorship, to understand new technologies and perform complex due diligence. Thus lack of due diligence often leads additional resources to rejection of innovation because existing companies often discount new technologies from outside the company as NIH work on their startup or non- ""not invented here"".|profit full-| |-| Effective transfer time over the summer instead of new invention pursuing classes or innovation to a commercial product requires at least three different functional communities to interface: technical, legal and business. Each uses a different language, comes from different educational and cultural backgrounds, and may have an inherent distrust of the others. These functional barriers are difficult to overcomeinternship.|-| |-| This course teaches how these barriers can be broken down Throughout the year, several signature events serve as student teams help bridge the perceived chasm between key players great opportunities to engage and grow in the invention commercialization processentrepreneurship community. In these teamslate fall, students bring [https://gew.psu.edu Global Entrepreneurship Week] celebrates both the skills University and knowledge from their major community's committment to develop an invention commercialization recommendation for the Technology Transfer Office innovation, offering presentations, keynotes, and networking opportunities. Also in the inventorfall, [https://hackpsu. For example, business org HackPSU] offers curious developers and students focus on finance passionate about technology a 24-hour immersive experience with open-ended development and market opportunity assessment; engineering and IST students focus on design refinementsbusiness challenges. In the spring, prototyping supportPenn State offers [https://startupweek.psu.edu Startup Week], bringing leading minds in innovation and (if appropriate) making technology suggestions entrepreneurship to campuses across Penn State and offering the inventorcommunity opportunities to learn through workshops and pitch their startups.|-| |-| Upon completing the course, the students will Student organizations like [http://www.innoblue.org Innoblue] work hard to make sure that budding entrepreneurs have a working knowledge all possible resources to reach their goals. Innoblue holds workshops in subject matters of different university and corporate technology or invention commercialization processesmarketing, important intellectual property management tools for inventions (patents, license agreementscoding, option agreements) source of funding to move inventions toward product developmentbrand creation, pitch delivery and delivering top quality presentations which outline more. The accelerated undergraduate program that pushes an entrepreneurial mindset early on is the recommended commercialization pathjoint [https://science.psu. Students who enjoy openedu/interdisciplinary-ended projects which involve the interplay of business and invention of who wants to work on interdisciplinary teams with the newest inventions will find this course a valuable courseprograms/bsmba Science B.S. NOTE: Because the inventions/products are based on M.B.A. program]. Penn State faculty intellectual property, students must sign also offers the Penn State Special Intellectual Property Agreement For Students - For Use When Assigning Intellectual Property to The Pennsylvania State University. The form can be viewed at http[https://gurusites.psu.edu/policieshese/RAG13Humanitarian Engineering & Social Entrepreneurship (HESE) program] as well.html|-| |-| The course will be offered both Spring and Fall semesters Along with an enrollment of 40 studentsacademic push for entrepreneurship, Penn State attempts to provide many resources for entrepreneurship, such as [https://makercommons.psu.|edu/technologies/3d-| |-| General Educationprinting/ 3D printers], [https: None|-| Diversity//penntap.psu.edu/innovation/incu/ idea pitch competitions], [http: None|-| Bachelor of Arts//www.tedxpsu.com TEDxPSU], and more. Penn State also offers [https: None|//invent.psu.edu/program/nsf-| Effective: Spring 2011|i-| Prerequisite: ECON 102 orECON 104 orECON 014;CAS 100|corps-| |-| Note site/ many] [https: Class size, frequency of offering, and evaluation methods will vary by location and instructor//www.smeal. For these details check the specific course syllabuspsu."||Engineering Entrepreneurship (Eedu/cscr/events-SHIP) minor |||old/supply-| Course||Marketchain-Pull Technology Commercialization Team (TC Team) Course Sequence||NCIIA grant funded|||||entrepreneurship-| Course||Marketpitch-Pull Technology Commercialization Team (TC Team) Course Sequence||NCIIA grant funded||||contest opportunities] [https://agsci.psu.edu/entrepreneur/events/springboard for] [http://ideamakers.ist.psu.edu funding] for entrepreneurs on the rise.|-| Course||New Venture Creation||||Engineering = Faculty Innovation and Entrepreneurship (E-SHIP) minor ||=|-| Course||Service through Design Faculty play a large role in Penn State's entrepreneurial ecosystem. Many faculty commercialize their own research and turn projects into successful business ventures. Other faculty members choose to act as mentors for students and Entrepreneurship Certificate Program||NCIIA grant funded||||help nudge students towards the path of entrepreneurship.|-| Course||Social Entrepreneurship Course Development Planning Grant||NCIIA grant funded|||||-| Course||Stage II E-SHIP Team Projects (3) ||Teams from There are three endowed chairs of entrepreneurs who can be found in the core E[https://agsci.psu.edu/support/impact/endowed-Ship courses can continue product prototypingfaculty College of Agricultural Sciences], business planning[https://www.smeal.psu.edu/fcfe Smeal College of Business], or support PSU researcher in technology feasibility workand [https://www.sedtapp.psu.edu/eship/index.||aspx School of Engineering Entrepreneurship (E-SHIP) minor |||-| Course||Design], Technology Assessment , and Professional Programs. Faculty are provided with research centers, design and innovation centers, business plan advice, and Transfer (3) ||||Engineering Entrepreneurship (E-SHIP) minor ||funding programs.|-| Course||Technology-Based Entrepreneurship||Engineering Entrepreneurship (E-SHIP) minor ||Engineering|||-| Entrepreneur-in-Residence||EPenn State also hosts its annual [https://pennstatevip.V. Bishoff Entrepreneurship-in-Residence Program||Endowment bring in com Venture & IP Conference], a tech entrepreneur who coteaches in courses way for minor or management; trifold; ||||existing entrepreneurs, researchers, and investors to connect.|-| Entrepreneur-in-Residence||Invention to Venture||||||= University Technology Transfer Function =|-| Incubator/Business Accelerator||Lion Launchpad||"The Lion Launchpad is a 501(c)3 organizationIn order to assist entrepreneurs with technology transfer, making it a separate entity from two Penn State resources and one statewide resource has been provided. Penn State runs both the E[https://www.research.psu.edu/otm Office of Technology Management] and [https://www.research.psu.edu/otm/foundation Penn State Research Foundation]. Through its [https://cnp.benfranklin.org/techcelerator-at-SHIP state-college/ TechCelerator] program. However, Ben Franklin Technologies assists from the goal stages of the Launchpad is research to encourage student-run businessesstartup. Any fledgling business can apply These programs exist to be a Launchpad member, as long as at least one person on the team is a Penn State studenthelp entrepreneurs facilitate technology transfer. (NCIIA grant funded)|-| "||Separate from = University||www.lionlaunchpad.net|-| Industry Partnership||Industry Partnerships||||||Collaboration =|-| Mentoring/Coaching||Lion Launch Pad Mentoring||||Separate from University|||-| Network||Penn State Entrepreneurs Network ||"This is has a student run organization few programs that has M.B.A. students who help manage a network of undergraduate studentsallow university-industry collaboration, who are actively involved in the entrepreneurship community. The organization provides a network but this is still an area of contacts great potential and maintains a communication channel growth for student activities & announcementsPenn State.|-| "||Business|||One of the main initiatives that currently exists is the [https://nittanyai.psu.edu Nittany AI Challenge]. Through the program, selected student entrepreneurs will spend eight months working on launching an artificial intelligence-| Program||Engineering Entrepreneurship (Ebased solution that solves a campus-SHIP) minor ||" specific problem. The 18-credit Engineering Entrepreneurship (E-SHIP) minor combines technology and business to create entrepreneurs and innovators. E-SHIP shows challenge gives students of any major how the chance to use their unique skills win up to become innovators in today's global business climate$25,000, receive project mentorship, and work alongside challenge partners like Google Cloud and Microsoft. |-| |-| Additional programs that exist today are [https://www.lf.psu.edu The E-SHIP minor was founded thanks Learning Factory] (where teams of students are given projects and budgets by industry to solve a problem within a grant from the GE Learning Excellence Fund semester), [https://hackpsu.org Hackathons] (companies such as Microsoft and the Google hold their Hackathons at Penn State Leonard Center. The minor is now partially funded through the Gaelen Endowment for Engineering Entrepreneurship and Leadership, the E. V. Bishoff Engineering Entrepreneur in Residence, the Keen Endowment for Engineering Entrepreneurship), and the Eberhardt Endowment for Entrepreneurship in Engineering."||Engineering ||http[https://www.sedtapp.psu.edu/entrepreneurshipdesign/index.phpaspx Engineering Design Program] (where students learn to use industrial tools such as CAD) Currently, Penn State is working on increasing university relations with State College local entrepreneurs.|-| Seed Funding/Scholarships||E-SHIP Venture Fund = Regional and Competitions||NCIIA grant funded||||Local Economic Development Efforts =|-| Seed Funding/Scholarships||Gaelen Endowment for Engineering Entrepreneurship By collaborating with Ben Franklin Technology Partners, Penn State's Innovation Park, Penn State Business Development Center, and Centre Region Entrepreneur Network (CREN), Innoblue and various other Penn State organization and Leadership||||Engineering|||-| Seed Funding/Scholarships||Garber Venture Fund||"Providing MBA students with real-world experience university programs, Penn State is vitally important attempting to decrease the Farrell Center for Corporate Innovation gap between university and EntrepreneurshipState College local entrepreneurs. As part of its mission, The Center oversees the Garber Venture Capital Fund. Established in 1999 goal for State College is to bring local industry revenue to $3 billion by Dr2033. John Garber = Landscape Canvas = To view various entrepreneurship and his wife Betteinnovation resources at Penn State, this $5 million venture fund brings to reality the process of private equity investing in early stage technology-based companies.|-| "||Business||httpcheck out our [https://www.smealdocs.psugoogle.educom/spreadsheets/d/fcfe11apmIXr_vQO1vgXuCj5q2jdboU1b2xhfhKImkVnXRD0/garber edit?usp=sharing Landscape Canvas].|-| Speaker Series||Agricultural Entrepreneurship Speaker Series||||Agriculture & Life Sciences||== Penn State's Entrepreneurial Progress ==|-| Speaker Series||Norbert Penn State is growing in its entrepreneurship ecosystem, but it's still very young. Before 2015, there was no centralized organization tasked with pushing innovation and entrepreneurship programs and Audrey Gaelen Entrepreneurship Speaker Series||Bring organizations in a common direction. Now, with Invent Penn State, our university is moving in grad from college of engineering a great direction. There's still lots to be done, though. For example, resources are rather scattered across entities, making it hard for outside students to do a speaking event; some $ given two understand what's available and get involved. In addition, resources for pitch competitions and other colleges student funding opporutnities are growing, but they're still not at levels comparable to bring other schools with great innovation and entrepreneurship ecosystems. Note: The Pennsylvania State University (Penn State) consists of 20 campuses. Each campus promotes entrepreneurship in their its own entrepreneur from their own colleges; gets the buzz on way. For consistency, only Penn State's University Park campus; ||information has been included. = Related Links = [[Pennsylvania State University Student Priorities]] '''Current Fellows:''' [[Michael Miller|Michael Miller]] [[Hayden Long|Hayden Long]] '''Previous Fellows:''' [[Mridul Bhandari]] [[Category:Universities]][[Category:Schools]][[Category:Pennsylvania_State_University]]{{CatTree|Pennsylvania_State_University}}