1 / 8

The University of Utah Richard A. Normann

The University of Utah Richard A. Normann. Forum on Innovation and Entrepreneurship in Biomedical Engineering Education. Utah Entrepreneurship Challenge. Competition between student teams Open to all Universities across state Prize: $40,000 for further product development

bela
Download Presentation

The University of Utah Richard A. Normann

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. The University of UtahRichard A. Normann Forum on Innovation and Entrepreneurship in Biomedical Engineering Education

  2. Utah Entrepreneurship Challenge • Competition between student teams • Open to all Universities across state • Prize: • $40,000 for further product development • Legal and professional services (worth about an additional $40,000) • Contacts in business, finance and engineering University of Utah

  3. Entrepreneurial Bioengineering • Graduate and undergrad seminar • Goal of Seminars: • Paths and pitfalls of entrepreneurs • Offered every other year • 10 lectures from local entrepreneurs • 1 lecture from patent attorney • 1 lecture from tech transfer office • Success stories and failure stories University of Utah

  4. Entrepreneural Program in the School of Business • Undergraduate Major in the School of Business • Four year program • Specialized classes: • Management 3700 – Fundamentals of Entrepreneurship • Marketing 4700 – Analysis of Emerging Markets • Accounting 4110 – Accounting for Emerging Business • Management 5770 – Business Plan Development • Finance 5300 – New Venture Finance • Lassonde New Venture Development Center University of Utah

  5. Lassonde New Venture Development Center • Graduate and undergraduate program • This year: 3 graduates, 13 undergrads • Two semester classes: 3 credits • $4000/year stipend • Involves Profs in business, engineering and science, and local professionals. • Real world team-based projects from profs at U of U • Contacts: • Dr. Troy D’Ambrosio (801) 581-8504 • Dr. Leonard Black (801) 585-5575 University of Utah

  6. Utah State Centers of Excellence Program • Started in 1986 • Goal: Help build new high-tech businesses • Facilitate the commercialization of University technology • Five years of funding ($120K/yr) to University labs to prototype technology • 15 centers funded every year (140 new companies started from program) • Need solid and patented technology and good business plan and business opportunity • Program provides help in developing business plan and commercialization strategy University of Utah

  7. How do you measure outcomes? • Student experience (exit interviews) • New student enrollment in programs • Client (faculty/TTO) feedback • Student hiring by companies • Development of new businesses University of Utah

  8. Describe a course project or exercise that exemplifies “best practices” • Bionic Technologies, LLC. • Seven years old • Started by U. Professor & businessman • Developed business plan with MBA’s • Became a state center of excellence • 20 full-time employees (many from UofU) • Exists on SBIR grants and sales ($0.5 m last yr) University of Utah

More Related