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=== <span style="font-size:small"><span id="docs-internal-guid-7388dd03-380b-706d-96e5-d7fc82e48e7b"><span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">How It Works</span></span></span> ===
<span style="font-size:small"><span id="docs-internal-guid-7388dd03-380b-706d-96e5-d7fc82e48e7b"><span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">The Product Realization course is a regular course offering. Industry sponsors pay a fee to cover expenses and provide engineering personnel to mentor their student project team. The multidisciplinary approach has real benefit. The course is co-taught by an engineering professor and an art professor. Students form interdisciplinary teams of engineers, artists and designers. They review the company’s product brief, determine a budget and timeline, then design and build the prototype.</span></span></span>
<span style="font-size:small"><span id="docs-internal-guid-7388dd03-380b-706d-96e5-d7fc82e48e7b">[http://uwm.edu/engineering/people/avdeev-ph-d-ilya/ <span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">Ilya Avdeev, Ph.D</span>]<span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">, assistant professor of mechanical engineering, and </span>[http://www4.uwm.edu/psoa/artdesign/facultystaff/nathanielstern/ <span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">Nathaniel Stern, Ph.D.</span>]<span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">, associate professor of art and design and head of digital studio practice in the Peck School of the Arts, collaborate and oversee the 15-week process. Some of the projects have included eye-tracking software, wheelchair design, wave energy collectors and personal lighting devices for roadside emergencies.</span></span></span>
<span style="font-size:small"><span id="docs-internal-guid-7388dd03-380b-706d-96e5-d7fc82e48e7b"><span style="font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap;">The ANSYS Institute gives students hands-on access to computer-aided-engineering capabilities; a versatile A/V presentation system; studio space with workbench areas for physical prototype development and assembly; and equipment for rapid-prototyping, reverse engineering and rapid product development. Teams operate in an open lab environment that encourages a free exchange of ideas across groups.</span></span></span>
'''Innovation and Commercialization'''
In order to compete in the economy of the 21st century, successful engineers and business leaders must not only understand technology, but they must also understand the process of bringing ideas to market. Innovation is the process of developing ideas and bringing those ideas to market. This course covers the basics of innovation and commercialization – the process of moving concepts from the idea stage to successful products and services in the marketplace. This course will draw on “lean launch” methodologies used in early-stage business formation (including the business model canvas, the customer discovery process and rapid iteration around a minimum viable product – MVP), and it will offer a taste of “design thinking”. In addition, this course will develop specific content areas and skills useful in engineering and technology ventures for both early stage and later stage businesses including intellectual property, venture finance, and financial modeling. The skills developed in this course are intended to be valuable to an individual launching their own business as well as to individuals who want to excel in existing enterprises large and small.
== <span id="docs-internal-guid-6606fdbc-380d-ba2a-3807-24006ab39ff4"><span style="font-size: 25px; font-family: 'Trebuchet MS'; color: rgb(68, 68, 68); font-weight: normal; vertical-align: baseline; white-space: pre-wrap">Classes that Encourage Industry-Academic Collaboration</span></span> ==