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'''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.
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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">Companies need time and talent to develop new product prototypes. Students need real world experience. The ANSYS Institute’s “Product Realization Course” brings these groups together. Students design, test and produce a prototype for companies that offer funding and mentorship. Aurora Healthcare, Eaton Corporation, Rexnord, BizStarts and the Medical College of Wisconsin are just some of the organizations that have used the class to take their ideas to the next step.</span></span></span>
=== <span style="font-size:small"><span id="docs-internal-guid-7388dd03-380b-706d-96e5-d7fc82e48e7b"><span style="font-family: Arial; 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; 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>
== <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> ==
