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The Science Innovation Program is a two-quarter training program designed to help science and engineering undergraduates apply their knowledge and develop the entrepreneurial skills and knowledge that they need to come up with good business ideas to solve important social issues like healthcare and pollution, and create successful startup companies around these ideas. In the first quarter of the program, members of the program will attend four biweekly workshops led by professors from the Booth School of Business and entrepreneurs from Chicago-based startups where they will learn the essentials of coming up with new ideas, assessing the practicality and feasibility of their ideas, developing a business plan for their idea, and implementing their business plan. In the second quarter of the program, members will then have the opportunity to formulate their own ideas for scientific inventions, create a business plans for these ideas, and pitch these ideas to a panel of investors and professors, who will evaluate and give feedback on these proposals. The program has been designed specifically to help students who are majoring in the sciences and engineering, and have little to no background in either entrepreneurship or business. Furthermore, students are not expected to have their own business ideas prior to participating in the program.
Project Lead: Klevin Lo
Team Members: Spring 2015 UIF University of Chicago Candidates
== Project 2: Introduce examples of I&E in classrooms ==
The University of Chicago is notorious for its association with the quote "That's all well and good in practice, but how does it work in theory?" The university embodies an ethods of prioritizing theoretical, academic pursuits over the practical applications of the ideas from these pursuits. As such, there is a dearth of entrepreneurial concepts presented in the course work. Science courses typically focus on scientific discoveries conducted in academic and institutional laboratories, and eschew discussion of the real-world applications of research in producing life-saving cures. Companies are occassionally mentioned in the Cancer Biology course, but little elaboration is given on the commercial aspects of developing medicine and treatments.
