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The Enterprise Development Laboratory Enhancing Regional Technology Commercialization

The Enterprise Development Laboratory Enhancing Regional Technology Commercialization Maria Meyers, Managing Director Institute for Entrepreneurship and Innovation Henry W. Bloch School of Business and Public Administration University of Missouri – Kansas City`. The LEAD Model. L earning

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The Enterprise Development Laboratory Enhancing Regional Technology Commercialization

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  1. The Enterprise Development Laboratory Enhancing Regional Technology Commercialization Maria Meyers, Managing Director Institute for Entrepreneurship and Innovation Henry W. Bloch School of Business and Public Administration University of Missouri – Kansas City`

  2. The LEAD Model Learning Empowering through Research Accelerating Commercialization Delivering to the Community Entrepreneurship Research Entrepreneurship in the Classroom I E I Entrepreneurship in the Community

  3. KC Research Organizations Corporate and Other Sources UM Research Centers Students’ Role Institute Fellows Students in the degree programs Initial Screening by faculty, staff and advisors Student Teams Evaluate & Select Ideas/Technologies Mentoring by the expert-in-residence and advisors Student Teams Evaluate and Develop Business Concepts Students awaitdecisions on the commercial viability of the venture Evaluation and selection by investors, students, and advisors Students manage the new ventures as shadow managers Outcome: Start-up, go to incubator, or Stop? Accelerating Commercialization Enterprise Development Laboratory 1. Boot Camp: Business Idea Competition 2. Mining for Real World Technologies 3. Business Model Development through Entrepreneurship Curriculum 4. New Venture Challenge Competition 5. Student Incubator 6. Business Development Programs “Before graduation, students from all disciplines will create and run a company. They will graduate with a toolbox, a road map, and real experience.”

  4. Boot Camp – The Sprint Connection Boot Camp 3 credit hour, 4 weekend class complete with idea competition Team taught between Engineering, Law and Business Students from many disciplines – freshmen through PhD Idea Generation Sprint provides criteria for new product Students build feasibility plans Competition winners win phone service Boot Camp Winners 2006

  5. Technology Mining • Where oh Where Can Technology Be Found? • Our University • Their University • Research Institutes • Hallmark Cards (!) • Business Outreach Programs

  6. Technology Mining CompanyTechnology Porter Smart Box United States Semiconductor Quantum Fingerprint Sensor United States Semiconductor Compact Nuclear Battery National Renewable Energy PowerView Semi-Transparent Laboratory Photovoltaic-“Smart Glass” Brown Medical Flexense UMKC Bone testing device University of Kansas Helical Screen Movement System KU Medical Center Oral male contraceptive KU Medical Center Health informatics and Curriculum

  7. Building Business Models Undergraduate, graduate and . ,. EMBA venture creation classes Team taught between engineering, . law, business Community mentors through Experts-in-Residence program Business outreach program support

  8. Lessons Learned NDA’s provided by technology owners are not usually appropriate for student projects Small businesses will invest more time with teams to develop technologies It works! BoneMetrics – an example of a system that works .

  9. Questions? www.entrepreneurship.bloch.umkc.edu

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