iDEA Institute

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This is a new effort at CWRU coming out of the Engineering school

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iDEA Institute

  1. 1. iDEA Institute A CWRU initiative for change
  2. 2. Vision <ul><li>Inspire and facilitate: </li></ul><ul><ul><li>CWRU Students </li></ul></ul><ul><ul><li>CWRU Faculty </li></ul></ul><ul><ul><li>Outside Partners </li></ul></ul><ul><li>to Create great: </li></ul><ul><ul><li>Products </li></ul></ul><ul><ul><li>Services </li></ul></ul><ul><li>and an Entrepreneurial Culture </li></ul>
  3. 4. Entrepreneurial environment <ul><li>Students involved in active projects </li></ul><ul><li>Expand curriculum for entrepreneurial studies </li></ul><ul><li>Create a semi-exclusive club – support network </li></ul><ul><li>Produce bootcamps, unconferences, live events </li></ul><ul><li>Provide access to experienced and successful entrepreneurs </li></ul>
  4. 5. <ul><li>On-line tools </li></ul><ul><li>Virtual teamwork </li></ul><ul><li>Peer review </li></ul><ul><li>Leave no student behind </li></ul><ul><li>Mentoring in many forms </li></ul><ul><li>Nothing wrong with failure </li></ul>Culture of Innovation, Collaboration and Risk Taking
  5. 6. iDEA = the “NEW” CWRU <ul><li>iDEA = new ideas, networking activities, inter-disciplinary approach </li></ul><ul><li>Put together deals and projects </li></ul><ul><li>Produce live events – of all shapes and sizes </li></ul><ul><li>Break down the fiefdom walls </li></ul><ul><li>Use iDEA to differentiate </li></ul>
  6. 7. New kinds of Events
  7. 8. Unconferences, Workshops
  8. 9. In depth work groups
  9. 10. New iDEAs formulated Projects produced, Products shipped
  10. 11. Integrated platform <ul><li>Synergistic approach to tools, collaboration and project management </li></ul><ul><li>Virtual platform – can be accessed anywhere </li></ul><ul><li>Connect disparate departments, institutions and partners with students </li></ul><ul><li>Combine: </li></ul><ul><ul><li>Academic </li></ul></ul><ul><ul><li>Business </li></ul></ul><ul><ul><li>Social/Economic efforts </li></ul></ul>
  11. 12. On-line tools <ul><li>Social Network/Dashboard </li></ul><ul><li>Google Sites, Docs and Apps </li></ul><ul><li>Skype </li></ul><ul><li>Wiki </li></ul><ul><li>Open: </li></ul><ul><ul><li>APIs (application programming interface) </li></ul></ul><ul><ul><li>Data </li></ul></ul><ul><ul><li>Source </li></ul></ul><ul><ul><li>Standards </li></ul></ul><ul><ul><li>Ideas </li></ul></ul>
  12. 13. Put together Deals <ul><li>Work with high level professionals, designers </li></ul><ul><li>Cherry pick best projects </li></ul><ul><li>Put together team: </li></ul><ul><ul><li>Product Engineering </li></ul></ul><ul><ul><li>Productization </li></ul></ul><ul><ul><li>Marketing/Sales </li></ul></ul><ul><ul><li>Project Management </li></ul></ul><ul><li>Leverage Tech Transfer </li></ul><ul><li>Find funding </li></ul><ul><li>Sell products and services </li></ul>
  13. 14. Identify low hanging fruit <ul><li>Many projects are ready to go: </li></ul><ul><ul><li>Medical </li></ul></ul><ul><ul><li>New Materials </li></ul></ul><ul><ul><li>Energy </li></ul></ul><ul><ul><li>Job Creation </li></ul></ul><ul><li>Use seed money to get these projects going </li></ul><ul><li>Get students involved </li></ul><ul><li>Then find funding for each project </li></ul><ul><li>Apply for Fed grants, based upon early successes </li></ul>
  14. 15. Develop Student projects <ul><li>Identify the best student iDEAs </li></ul><ul><li>Put together deals by matching student interns to mentors and experts </li></ul><ul><li>Get students assigned to projects, learn the ropes by assisting experts </li></ul><ul><li>Students go through the entire productization process, learn by doing </li></ul><ul><li>We help find funding for their projects </li></ul>
  15. 16. Schedule <ul><li>Q1 ’10 </li></ul><ul><ul><li>Form/Announce, initial events, recruit students, define the platform </li></ul></ul><ul><ul><li>Put together first deals, first teams formed, on-line tools available </li></ul></ul><ul><li>Q2 ’10 </li></ul><ul><ul><li>First projects started, networking events produced, first success </li></ul></ul><ul><ul><li>Large funding applied for, bigger deals put into place, Lab Director hired </li></ul></ul><ul><li>Q3 ’10 </li></ul><ul><ul><li>First projects shipped, more events, lab construction started </li></ul></ul><ul><ul><li>Larger projects funded, second round of recruiting, refined tools </li></ul></ul><ul><li>Q4 ’10 </li></ul><ul><ul><li>Partners and deals announced, evidence of success, weekly events </li></ul></ul><ul><ul><li>Program expands, open ‘sandbox’ lab, regional alliance forms </li></ul></ul><ul><li>Q1-Q2 ’11 </li></ul><ul><ul><li>Over 100+ student entrepreneurs, large projects start to ship </li></ul></ul><ul><ul><li>On-going multiple projects, multiple alliances and partners </li></ul></ul><ul><li>Q3-Q4 ’11 </li></ul><ul><ul><li>iDEA Culture appears, CWRU becomes a place to come to invent things </li></ul></ul>

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