Changes

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| Center<br/>

| The Center for Engineering Design and Entrepreneurship provides a flexible environment for faculty and students in engineering and business colleges in partnership with industry to design, construct, and test solutions to engineering problems.<br/>

| Engineering<br/>

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| Coop/Internship Experience<br/>

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| Course

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| Engineering Entrepreneurship (E-SHIP) minor

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| Course

| Engineering Entrepreneurship (E-SHIP) minor

| Engineering

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| Course

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| Engineering Entrepreneurship (E-SHIP) minor

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| Course

| Engineering Entrepreneurship (E-SHIP) minor

| Engineering

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| Course

| Engineering Entrepreneurship (E-SHIP) minor

| Engineering

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| Course

| NCIIA grant funded

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| Course

| NCIIA grant funded

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| Course

| NCIIA grant funded

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| Course

| Engineering Entrepreneurship (E-SHIP) minor

| Engineering

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| Course

| 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 in the process. For example, the inventor rarely has insights into the markets for his/her invention, is often not interested in the details of commercialization, and can be secretive. In addition, the business and financial communities often do not take the time, or have the resources, to understand new technologies and perform complex due diligence. Thus lack of due diligence often leads to rejection of innovation because existing companies often discount new technologies from outside the company as NIH - ""not invented here"". Effective transfer of new invention 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 overcome. This course teaches how these barriers can be broken down as student teams help bridge the perceived chasm between key players in the invention commercialization process. In these teams, students bring the skills and knowledge from their major to develop an invention commercialization recommendation for the Technology Transfer Office and the inventor. 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 to the inventor. Upon completing the course, the students will have a working knowledge of different university and corporate technology or invention commercialization processes, important intellectual property management tools for inventions (patents, license agreements, option agreements) source of funding to move inventions toward product development, and delivering top quality presentations which outline the recommended commercialization path. Students who enjoy open-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 course. NOTE: Because the inventions/products are based on Penn State faculty intellectual property, students must sign 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://guru.psu.edu/policies/RAG13.html http://guru.psu.edu/policies/RAG13.html] The course will be offered both Spring and Fall semesters with an enrollment of 40 students. Effective: Spring 2011

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| Program

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| Course

| NCIIA grant funded

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| Course

| NCIIA grant funded

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| Course

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| Engineering Entrepreneurship (E-SHIP) minor

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| Course

| NCIIA grant funded

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| Course

| NCIIA grant funded

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| Course

| Teams from the core E-Ship courses can continue product prototyping, business planning, or support PSU researcher in technology feasibility work.

| Engineering Entrepreneurship (E-SHIP) minor

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| Course

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| Engineering Entrepreneurship (E-SHIP) minor

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| Course

| Engineering Entrepreneurship (E-SHIP) minor

| Engineering

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| Entrepreneur-in-Residence

| Endowment bring in a tech entrepreneur who coteaches in courses for minor or management; trifold;

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| Entrepreneur-in-Residence

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| Incubator/Business Accelerator

| The Lion Launchpad is a 501(c)3 organization, making it a separate entity from Penn State and the E-SHIP program. However, the goal of the Launchpad is to encourage student-run businesses. Any fledgling business can apply to be a Launchpad member, as long as at least one person on the team is a Penn State student. (NCIIA grant funded)

| Separate from University

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| Industry Partnership

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| Mentoring/Coaching

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| Separate from University

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| Network

| This is a student run organization that has M.B.A. students who help manage a network of undergraduate students, who are actively involved in the entrepreneurship community. The organization provides a network of contacts and maintains a communication channel for student activities & announcements.

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| Program

| The 18-credit Engineering Entrepreneurship (E-SHIP) minor combines technology and business to create entrepreneurs and innovators. E-SHIP shows students of any major how to use their unique skills to become innovators in today's global business climate. The E-SHIP minor was founded thanks to a grant from the GE Learning Excellence Fund and the 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

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| Seed Funding/Scholarships

| NCIIA grant funded

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| Seed Funding/Scholarships

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| Engineering

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| Seed Funding/Scholarships

| Providing MBA students with real-world experience is vitally important to the Farrell Center for Corporate Innovation and Entrepreneurship. As part of its mission, The Center oversees the Garber Venture Capital Fund. Established in 1999 by Dr. John Garber and his wife Bette, this $5 million venture fund brings to reality the process of private equity investing in early stage technology-based companies.

| Business

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| Speaker Series

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| Agriculture & Life Sciences

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| 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;

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