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Technological Innovation: Generating Economic Results NSF IGERT Program Presentation REE October 27, 2004 Marie Thursby Ha...
Cross-University Graduate Program in Technology Entrepreneurship <ul><li>Technology commercialization requires integration...
Industry Survey on PhD Graduates <ul><li>“ Good” </li></ul><ul><ul><li>Technical Skills  </li></ul></ul><ul><li>“ Inadequa...
Need for TI:GER trained PhDs “Biggest Problem(s) in R&D” <ul><li>Managing R&D for business growth </li></ul><ul><li>Balanc...
Need for TI:GER trained MBAs and JDs- Understanding Technology Helps
Comprehensive Goals <ul><li>All graduates with skills and entrepreneurial perspective needed to succeed in innovation rela...
TI:GER vs.  Traditional Graduate Programs PhDs PhDs Science Classes/Labs Interdisciplinary Research Centers Engineering Cl...
Activities By Year (PhD Candidates) TI:GER Participation 1 2 3 4 5 Entrepreneurial Finance, Legal Issues in Technology Tra...
MBA Program MBA 1 2 MBA Core Innovation Fundamentals TI:GER Teams & Workshops InnovationElectives TI:GER Case Course TI:GE...
Emory JD Program JD 1 1 1 2 3 4 5 PhD  Program TI:GER Participation 2 3 Corporate Finance IP/Business Law/ Tax Concentrati...
Fundamentals of Innovation (Year 1) Patterns of Technological Change Introduction to Intellectual Property Law Developing ...
Special Topics in Innovation  (Year 2) Business Planning Workshop Entrepreneurial Spawning Seminar ( Josh Lerner) Patent P...
Unique Team Experience  Hypothesis formation Scientific merit; technical feasibility Proof of concept Testing and validati...
Summary Student Statistics <ul><li>16 PhD Candidates, developing EARLY STAGE research in a range of disciplines </li></ul>...
Keys to Collaboration <ul><li>Mutually beneficial activity for all units involved </li></ul><ul><li>Internal buy-in </li><...
Challenges <ul><li>Logistics …e.g. distance, schedules </li></ul><ul><li>Time commitment of faculty…e.g. credit toward tea...
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T I G E R

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  1. 1. Technological Innovation: Generating Economic Results NSF IGERT Program Presentation REE October 27, 2004 Marie Thursby Hal and John Smith Chair for Entrepreneurship College of Management TI:GER ®
  2. 2. Cross-University Graduate Program in Technology Entrepreneurship <ul><li>Technology commercialization requires integration of </li></ul><ul><ul><li>Science & Engineering expertise </li></ul></ul><ul><ul><li>Knowledge of management, law, economics, and public policy </li></ul></ul><ul><li>Targeted students </li></ul><ul><ul><li>PhDs in Science & Engineering (Ga Tech) </li></ul></ul><ul><ul><li>PhDs in Management (Ga Tech) and Economics (Emory) </li></ul></ul><ul><ul><li>MBAs (Ga Tech) </li></ul></ul><ul><ul><li>Law (Emory) </li></ul></ul>
  3. 3. Industry Survey on PhD Graduates <ul><li>“ Good” </li></ul><ul><ul><li>Technical Skills </li></ul></ul><ul><li>“ Inadequate” </li></ul><ul><ul><li>Ability to think & solve problems </li></ul></ul><ul><li>“ Need Improvement” </li></ul><ul><ul><li>Management Skills </li></ul></ul><ul><ul><li>Communication Skills </li></ul></ul><ul><ul><li>Teamwork Skills </li></ul></ul><ul><ul><li>Source: </li></ul></ul><ul><ul><ul><ul><li>IRI Interviews with Industrial Leaders RE: University Education of Engineers and Scientists </li></ul></ul></ul></ul>
  4. 4. Need for TI:GER trained PhDs “Biggest Problem(s) in R&D” <ul><li>Managing R&D for business growth </li></ul><ul><li>Balancing long-term and short-term R&D </li></ul><ul><li>Integration of R&D and business strategy </li></ul><ul><li>Making innovation happen </li></ul><ul><li>Assessing productivity </li></ul><ul><li>IRI Survey > 190 Responses (4 of 5 years) “Top 5 ‘Top 3’ Problems” </li></ul>
  5. 5. Need for TI:GER trained MBAs and JDs- Understanding Technology Helps
  6. 6. Comprehensive Goals <ul><li>All graduates with skills and entrepreneurial perspective needed to succeed in innovation related careers </li></ul><ul><ul><li>S&E PhDs aware of business and legal issues </li></ul></ul><ul><ul><li>MBAs & JDs experienced in technical research environment </li></ul></ul><ul><ul><li>Communication and team skills </li></ul></ul><ul><li>Produce S&E dissertations of technical merit and market relevance </li></ul><ul><li>Produce dissertations in management, law, and economics that improve our understanding of innovation </li></ul>
  7. 7. TI:GER vs. Traditional Graduate Programs PhDs PhDs Science Classes/Labs Interdisciplinary Research Centers Engineering Classes/Labs JDs & MBAs PhDs Law/Mgt Classes Thesis Research Econ/Mgt Classes Clinics/Internships Market Informed S&E Research Graduates aware of technical, legal, market, interpersonal, & communication issues Mgt/Law/Econ Research on the Innovation Process TI:GER Core multi-disciplinary teams & classes Multidisciplinary Research: Engineering, Science, Management, Law & Economics
  8. 8. Activities By Year (PhD Candidates) TI:GER Participation 1 2 3 4 5 Entrepreneurial Finance, Legal Issues in Technology Transfer Organizational Entrepreneurship, Special Topics in Technology Mapping, Technology Venture Creation S&E Courses Regular RA/TA S&E Courses Regular RA/TA Principles of Management Innovation Fundamentals TI:GER Teams & Workshops Innovation Electives TI:GER Case Course TI:GER Teams & Workshops
  9. 9. MBA Program MBA 1 2 MBA Core Innovation Fundamentals TI:GER Teams & Workshops InnovationElectives TI:GER Case Course TI:GER Teams & Workshops TI:GER Participation 1 2 3 4 5 PhD Program
  10. 10. Emory JD Program JD 1 1 1 2 3 4 5 PhD Program TI:GER Participation 2 3 Corporate Finance IP/Business Law/ Tax Concentrations TI:GER Case Course TI:GER Teams & Workshops Law Core Business Associations Patent, Copyright & Trademark Law Innovation Fundamentals TI:GER Teams & Workshops
  11. 11. Fundamentals of Innovation (Year 1) Patterns of Technological Change Introduction to Intellectual Property Law Developing the IP Strategy Discovering and Framing the Market Opportunity Entrepreneurial Finance Commercialization Planning Fundamentals of Business Associations Start-Up Business Planning and the Path to Profitability Securities Law
  12. 12. Special Topics in Innovation (Year 2) Business Planning Workshop Entrepreneurial Spawning Seminar ( Josh Lerner) Patent Prosecution Workshop Venture Capital Financing Simulation Ethical Challenges in Developing and Commercializing New Life Sciences Technologies Seminar
  13. 13. Unique Team Experience Hypothesis formation Scientific merit; technical feasibility Proof of concept Testing and validation Prototype Refinement and scale-up Market forecast Prior art, economic and social impact Legal landscape Competitive analysis Risk, product and platform definition Intellectual Property Protection Patent or copyright Business creation or license Capitalization Commercialization strategy Full market analysis (e.g. pricing, cost) Business Associations Contractual issues INTEGRATED RESEARCH S&E/ MGMT /LEGAL ISSUES
  14. 14. Summary Student Statistics <ul><li>16 PhD Candidates, developing EARLY STAGE research in a range of disciplines </li></ul><ul><ul><li>Biology </li></ul></ul><ul><ul><li>Biomedical Engineering </li></ul></ul><ul><ul><li>Chemistry </li></ul></ul><ul><ul><li>Computer Science </li></ul></ul><ul><ul><li>Electrical Engineering </li></ul></ul><ul><ul><li>Mechanical Engineering </li></ul></ul><ul><li>1 PhD Candidate in Economics; 2 in Management </li></ul><ul><li>16 MBA Students </li></ul><ul><li>30 JD Students (Technology and Patent Law) </li></ul>
  15. 15. Keys to Collaboration <ul><li>Mutually beneficial activity for all units involved </li></ul><ul><li>Internal buy-in </li></ul><ul><ul><li>Faculty— </li></ul></ul><ul><ul><ul><li>Supplying students </li></ul></ul></ul><ul><ul><ul><li>Participation </li></ul></ul></ul><ul><ul><li>Administration </li></ul></ul><ul><ul><ul><li>Course credit </li></ul></ul></ul><ul><li>External support </li></ul><ul><ul><li>Industry-business partners </li></ul></ul><ul><ul><li>Private foundations (NCIIA, Peterson) </li></ul></ul><ul><ul><li>Government grants (NSF) </li></ul></ul>
  16. 16. Challenges <ul><li>Logistics …e.g. distance, schedules </li></ul><ul><li>Time commitment of faculty…e.g. credit toward teaching load </li></ul><ul><li>Cultures separated by a common language …e.g. What is research? </li></ul><ul><ul><li>PhD (create new knowledge, experimental methods) </li></ul></ul><ul><ul><li>MBA (market research, bottom line) </li></ul></ul><ul><ul><li>JD (logical progression, precedent) </li></ul></ul>
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