1 / 13

Entrepreneurship and Product Development in Bioengineering at Rice University ‘ Unique Feature’

Entrepreneurship and Product Development in Bioengineering at Rice University ‘ Unique Feature’. Maria Oden. Description of Capstone Design Program. Undergraduate Capstone Design class “Real-world” client-based design challenges 30% of team interdisciplinary, MECH, ECE, CAAM

hans
Télécharger la présentation

Entrepreneurship and Product Development in Bioengineering at Rice University ‘ Unique Feature’

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Entrepreneurship and Product Development in Bioengineering at Rice University‘Unique Feature’ Maria Oden

  2. Description of Capstone Design Program • Undergraduate Capstone Design class • “Real-world” client-based design challenges • 30% of team interdisciplinary, MECH, ECE, CAAM • 4-5 member teams • Project Sources • Physicians in our medical center, Industry (start-ups), Global health, NASA, Faculty research labs

  3. Oshman Engineering Design Kitchen • A 12,000 ft2 space for undergraduate students in all engineering departments at Rice to design, prototype and deploy solutions to real-world engineering challenges. • Interdisciplinary projects • Real-world design challenges • Energy, sustainability • Oil exploration • High Tech • Medical Devices • Global Health • NASA related projects • ‘Fun’ Tech • Reducing the barriers for success in engineering design

  4. Course Module in Business Planning and Entrepreneurship • Working with the Rice Alliance for Technology and Entrepreneurship, we developed a compact 4-lecture discussion-based module: • Business plans: Why do I need one? • Elevator pitches: Why do I need one? • Business models and options: How will I make money? • Protecting your ideas. • The students complete assignments in these areas by using their own design project as their case study. • Module can be incorporated into any capstone design class across the school of engineering

  5. Topics in Business Planning Module

  6. Elevator Pitch Competition • Required for students in BIOE ECE and MECH • Open to all Rice undergraduates who want to pitch a technology based product • 90 second pitch • Coaching by professionals, local entrepreneurs or investors • 50+ judges (mostly local entrepreneurs or investors) • Cash prizes awarded to the top teams • 71 teams have participated in this process in the past 3 years

  7. Survey: “I learned new material that will be useful in my career (Business Module and Elevator Pitch Competition)” “It was an intense, defining moment of my Rice experience. Having the opportunity to present to an auditorium of investors and venture capitalists is almost too good to be true. Thank you.”

  8. Initial successes • Outcome- After 1st year of Elevator Pitch competition, students organized Rice Undergraduate Technology Venture Forum • Full business plan competition for undergraduates • Occurs after final exams in the spring • Cash Prizes- funds raised by students • 7 teams from previous three years pursuing licensing of technology in order to create a business

  9. Shriner’s Hospital for Children • Measurement of Intrinsic Hand Strength • 1st Place ASME iSHOW • Numerous awards in national business plan competitions • > $40,000 in competition awards and grants in 1st year • Licensed Technology from Rice • As of 12/10, raised >$250,000 in venture capital

  10. Infant Air bCPAP System • Bubble CPAP for respiratory support of newborns in respiratory distress in very low resource settings. • <$200 to build off the shelf • Won Social Ventures category of Rice Business Plan Competition • ~ $30,000 in competition awards and grants in 1styear • Preparing for regulatory approval • $250,000 USAID grant to perform clinical trials in Africa

  11. Barrier to success in entrepreneurship and product development • Intellectual property issues with university • Students graduating right as projects show promise

  12. Team Zikomo: Neonatal Syringe Pump for the Developing World • 2nd Place 2011 National iShow– ASME Innovation Showcase • Outstanding Student Humanitarian Prize • IEEE Presidents' Change the World Competition • Team Dexter: Capture Motion Path for Cerebral Palsy Patients • Grand Prize 2011 ASME Bioengineering Division Rehabilitation • Engineering Design Competition • Team Tru(hB)lood: Paper-based Anemia Diagnosis for Low-resource Settings • 2nd Place 2011 NCIIA BMEStart Biomedical Innovation Competition • Team Defib Task Force: Second Chance AEDs Pads • Best Medical Breakthrough - 2011 • 2011 Houston Press “Best of” Awards

  13. PLEASE COME VISIT AT ANY TIME! oedk.rice.edu

More Related