Changes

== Overview ==== Student Innovation and Entrepreneurship ==== Faculty Entrepreneurship ==== University Technology Transfer Functions ==== College-Industry Collaboration ==== Regional and Local Economic Development ==== Landscape Analysis ==

{||-| style="backgroundIn the last 5 years, Penn State University has been expanding their entrepreneurial ecosystem by introducing new academic and extracrurricular programs, robust organizations focused solely on supporting entrerepeneurs, and expanded funding to initiatives across its 20 campuses statewide. The creation of [https:#f0f0f0" align="center" | '''Resource_Type'''<br/>| style="background:#f0f0f0" align="center" | '''Resource_Name'''<br/>invent.psu.edu Invent Penn State], acting as the leading entreprenerial organization for Penn State, has&nbsp;allowed centralized strategy and partnership between otherwise scattered resources.| style="background:#f0f0f0" align="center" | '''Resource Description'''| style="backgroundIn 2013, Penn State introduced an intercollegiate [https:#f0f0f0" align="center" | '''Program/Department Affiliation'''| style="background/enti.psu.edu entrepreneurship minor (ENTI)] that allows students across most colleges to venture into subject clusters of their choice. The entrepreneurship minor offers unique and diverse clusters:#f0f0f0" align="center" | '''Resource_Website'''|Arts Entrepreneurship, Digital&nbsp;Entrepreneurship & Innovation,&nbsp;Entrepreneurship as Advocacy, Food and Bio-| Center<br/>| Center for Engineering Design Innovation, Hospitality Management, New Media, New Ventures, and Social&nbsp;Entrepreneurship. | The Center for Engineering Design and Entrepreneurship provides Off campus, organizations like the [http://launchbox.psu.edu Happy Valley LaunchBox] serve as a flexible environment great starting point for student, faculty , and community entrepreneurs, alike. With free WiFi, coffee, and co-working space from 8:30 am - 4:30 pm, anyone can utilize these resources. Several programs allow students in engineering and business colleges in partnership with industry community members to design, construct, start and test solutions to engineering problems.<br/>launch a business:| Engineering<br/>| *[httphttps://www.cedelaunchbox.psu.edu/ httpideatestlab/ Idea TestLab] is a four-week program that gives curious minds tools, mentorship, and support to conduct customer discovery with potential users.*For entrepreneurs who are further along, the [https://www.cedelaunchbox.psu.edu/fasttrackaccelerator/ FastTrack Accelerator]|program is a 16-week accelerator program that offers intensive, hands-on guidance and tools to grow their startup.| Coop*Penn State is also home to the [https:/Internship Experience<br/>| Cooperative Education & Professional Internship Program<brinvent.psu.edu/>| <br/>| | <brprogram/>|summer-| <brfounders/>|Summer Founders Program], an immersive 13-| Course| Critical Issues week program that gives student and local entrepreneurs $10,000 in Sciencegrant funding, dedicated office space, Technology and Society (3)| | Engineering Entrepreneurship (Eone-SHIP) minor| |on-| Course| E-SHIP Capstone / Entrepreneurship one mentorship, and New Product Development| Engineering Entrepreneurship (E-SHIP) minor| Engineering| |-| Course| Energy and Modern Society(3)| | Engineering Entrepreneurship (E-SHIP) minor| |-| Course| Entrepreneurial Business Basics| Engineering Entrepreneurship (E-SHIP) minor| Engineering| |-| Course| Entrepreneurial Leadership| Engineering Entrepreneurship (E-SHIP) minor| Engineering| |-| Course| From Research Lab additional resources to Product: Lab Automation Course to Enable Rapid Product Development| NCIIA grant funded| | |work on their startup or non-| Course| From Research Lab to Product: Lab Automation Course to Enable Rapid Product Development| NCIIA grant funded| | |profit full-time over the summer instead of pursuing classes or an internship.| Course| Internationalizing Entrepreneurship Education Program (IEEP)| NCIIA grant funded|-| Course| Introduction Throughout the year, several signature events serve as great opportunities to Engineering engage and Design Principles| Engineering Entrepreneurship (E-SHIP) minor| Engineering|-| Course<br/>| Invention Commercialization| ENGR (MGMT/IST/ENTR) 426 Invention Commercialization (3) The goal of ENGR (MGMT/IST/ENTR) 426 is to have students understand why invention commercialization is complicated and difficult by participating grow in the processentrepreneurship community. For exampleIn late fall, the inventor rarely has insights into the markets for his[https://her invention, is often not interested in gew.psu.edu Global Entrepreneurship Week] celebrates both the details of commercialization, University and can be secretive. In additioncommunity's committment to innovation, the business and financial communities often do not take the timeoffering presentations, or have the resourceskeynotes, to understand new technologies and perform complex due diligencenetworking opportunities. Thus lack of due diligence often leads to rejection of innovation because existing companies often discount new technologies from outside Also in the company as NIH - ""not invented here""fall, [https://hackpsu. Effective transfer of new invention or innovation to org HackPSU] offers curious developers and students passionate about technology a commercial product requires at least three different functional communities to interface: technical, legal 24-hour immersive experience with open-ended development and businesschallenges. Each uses a different languageIn the spring, comes from different educational and cultural backgrounds, and may have an inherent distrust of the othersPenn State offers [https://startupweek. These functional barriers are difficult to overcomepsu. This course teaches how these barriers can be broken down as student teams help bridge the perceived chasm between key players edu Startup Week], bringing leading minds in the invention commercialization process. In these teams, students bring the skills innovation and knowledge from their major entrepreneurship to develop an invention commercialization recommendation for campuses across Penn State and offering the Technology Transfer Office community opportunities to learn through workshops and the inventorpitch their startups. Student organizations like [http://www.innoblue. For example, business students focus on finance and market opportunity assessment; engineering and IST students focus on design refinements, prototyping support, and (if appropriate) making technology suggestions org Innoblue] work hard to make sure that budding entrepreneurs have all possible resources to the inventorreach their goals. Upon completing the course, the students will have a working knowledge Innoblue holds workshops in subject matters of different university and corporate technology or invention commercialization processes, important intellectual property management tools for inventions (patentsmarketing, 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 propertyalso offers the [https://sites.psu.edu/hese/ Humanitarian Engineering & Social Entrepreneurship (HESE) program] as well. Along with an academic push for entrepreneurship, students must sign the Penn State Special Intellectual Property Agreement For Students - For Use When Assigning Intellectual Property attempts to The Pennsylvania State University. The form can be viewed at provide many resources for entrepreneurship, such as [httphttps://gurumakercommons.psu.edu/policiestechnologies/3d-printing/RAG13.html http3D printers], [https://gurupenntap.psu.edu/policiesinnovation/incu/ idea pitch competitions], [http://RAG13www.tedxpsu.htmlcom TEDxPSU] The course will be offered both Spring , and Fall semesters with an enrollment of 40 studentsmore. EffectivePenn State also offers [https: Spring 2011<br/>|-| <br/>| Program| Engineering Entrepreneurship (Einvent.psu.edu/program/nsf-SHIP) minor| |i-| Course| Marketcorps-Pull Technology Commercialization Team (TC Team) Course Sequence| NCIIA grant funded| | |site/ many] [https://www.smeal.psu.edu/cscr/events-| Course| Marketold/supply-Pull Technology Commercialization Team (TC Team) Course Sequence| NCIIA grant funded| | |chain-| Course| New Venture Creation| | Engineering Entrepreneurship (Eentrepreneurship-SHIP) minor| |pitch-contest opportunities] [https://agsci.psu.edu/entrepreneur/events/springboard for] [http://ideamakers.ist.psu.edu funding] for entrepreneurs on the rise.| Course| Service through Design = Faculty Innovation and Entrepreneurship Certificate Program=| NCIIA grant funded| 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 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 Transfer (3)innovation centers, business plan advice, and funding programs.| | Engineering Entrepreneurship (E-SHIP) minor| |-| 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.| | = University Technology Transfer Function =|-| Entrepreneur-in-Residence| Invention In order to Venture| | |-| Incubator/Business Accelerator| Lion Launchpad| The Lion Launchpad is a 501(c)3 organizationassist 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-SHIP program[https://www.research.psu. However, the goal edu/otm Office of the Launchpad is to encourage student-run businessesTechnology Management] and [https://www.research.psu. Any fledgling business can apply to be a Launchpad member, as long as at least one person on the team is a edu/otm/foundation Penn State studentResearch Foundation]. (NCIIA grant funded)| Separate from University| wwwThrough its [https://cnp.lionlaunchpadbenfranklin.net|org/techcelerator-at-| Industry Partnership| Industry Partnerships| | | |state-| Mentoringcollege/Coaching| Lion Launch Pad MentoringTechCelerator] program, Ben Franklin Technologies assists from the stages of research to startup. These programs exist to help entrepreneurs facilitate technology transfer.| | Separate from = University| |-Industry Collaboration =| 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| |-| Program| Engineering Entrepreneurship (E-SHIP) minor| " The 18-credit Engineering Entrepreneurship (E-SHIP) minor combines technology and business to create entrepreneurs and innovatorsOne of the main initiatives that currently exists is the [https://nittanyai.psu. E-SHIP shows students of any major how to use their unique skills to become innovators in today's global business climateedu Nittany AI Challenge].|Through the program, selected student entrepreneurs will spend eight months working on launching an artificial intelligence-| |based solution that solves a campus-| The E-SHIP minor was founded thanks to a grant from the GE Learning Excellence Fund and the Penn State Leonard Centerspecific problem. The minor is now partially funded through challenge gives students the Gaelen Endowment for Engineering Entrepreneurship and Leadershipchance to win up to $25, the E. V. Bishoff Engineering Entrepreneur in Residence000, the Keen Endowment for Engineering Entrepreneurshipreceive project mentorship, and the Eberhardt Endowment for Entrepreneurship in Engineeringwork alongside challenge partners like Google Cloud and Microsoft."&nbsp;| Engineering| Additional programs that exist today are [httphttps://www.sedtapplf.psu.eduThe Learning Factory] (where teams of students are given projects and budgets by industry to solve a problem within a semester), [https:/entrepreneurship/indexhackpsu.php httporg Hackathons] (companies such as Microsoft and Google hold their Hackathons at Penn State), and the [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 CompetitionsLocal Economic Development Efforts =| NCIIA grant funded| 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 university programs, Penn State is attempting to decrease the gap between university and State College local entrepreneurs. The goal for State College is to bring local industry revenue to $3 billion by 2033.| |-= Landscape Canvas =| Seed Funding/Scholarships| Gaelen Endowment for Engineering Entrepreneurship To view various entrepreneurship and Leadershipinnovation resources at Penn State, check out our [https://docs.google.com/spreadsheets/d/11apmIXr_vQO1vgXuCj5q2jdboU1b2xhfhKImkVnXRD0/edit?usp=sharing Landscape Canvas].| | Engineering== Penn State's Entrepreneurial Progress ==| |-| Seed Funding/Scholarships| Garber Venture Fund| "Providing MBA students 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 organizations in a common direction. Now, with real-world experience Invent Penn State, our university is vitally important moving in a great direction. There's still lots to the Farrell Center be done, though. For example, resources are rather scattered across entities, making it hard for Corporate Innovation outside students to understand what's available and Entrepreneurshipget involved. As part of its missionIn addition, resources for pitch competitions and other student funding opporutnities are growing, but they're still not at levels comparable to other schools with great innovation and entrepreneurship ecosystems. Note: The Center oversees the Garber Venture Capital FundPennsylvania State University (Penn State) consists of 20 campuses. Established Each campus promotes entrepreneurship in 1999 by Drits own way. John Garber and his wife BetteFor consistency, this $5 million venture fund brings to reality the process of private equity investing in early stage technology-based companiesonly Penn State's University Park campus information has been included.|-| "= Related Links =| Business| [http[Pennsylvania State University Student Priorities]] '''Current Fellows://www.smeal.psu.edu/fcfe/garber http://www.smeal.psu.edu/fcfe/garber]'''|-[[Michael Miller| Speaker SeriesMichael Miller]]| Agricultural Entrepreneurship Speaker Series[[Hayden Long| Hayden Long]]| Agriculture & Life Sciences| '''Previous Fellows:'''|-| Speaker Series[[Mridul Bhandari]]| Norbert and Audrey Gaelen Entrepreneurship Speaker Series| Bring in grad from college of engineering to do a speaking event; some $ given two other colleges to bring in their own entrepreneur from their own colleges; gets the buzz on campus;[[Category:Universities]]| [[Category:Schools]]| [[Category:Pennsylvania_State_University]]{{CatTree|Pennsylvania_State_University}}