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Explore the Technology Ventures Project integrating commercial feasibility studies of ICL inventions in the classroom. Witness the collaboration between MBA teams, academics, and Innovations, overcoming challenges to achieve success with top-level buy-in and tangible results.
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The Raw & the Cooked Imperial College London Tanaka Business School Live innovation in the classroom
The TVP on the MBA Programmes • Technology Ventures Project: compulsory commercial feasibility studies of ICL inventions • In cahoots with Imperial Innovations, ICL’s technology transfer office • Full-time or Executive MBA teams of non-experts (industry experience where possible)
Making it work • Top-level buy-in at the Entrepreneurship Centre (academics) & Innovations (TTOs) • Wide participation among inventors, Tanaka academics (assessors) & Innovations (client) • Resident officer from BDO approved by both • Ownership at Tanaka by FTMBA Director
Why it sometimesstutters • Client & inventors want usable results, academics want demonstration of learning • Sheer complexity of innovative technologies baffles the non-technical student • TTOs (who don’t have to worry about MBA fee income) are too busy to see students
Why it eventuallysucceeds • Imperial Innovations 1: free consultancy with clear recommendations • Imperial Innovations 2: involvement with Entrepreneurship Centre • Students 1: applied learning of how technologies succeed in the market • Students 2: far better business plans