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Integrated Technology Transfer Network

Integrated Technology Transfer Network. Finalist - Outstanding Specialty Entrepreneurship Program. About IECE. Focal point on campus and the local community to promote and encourage entrepreneurial activity. Facilitate the development of entrepreneurs and innovators. ITTN Program Overview.

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Integrated Technology Transfer Network

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  1. Integrated Technology Transfer Network Finalist - Outstanding Specialty Entrepreneurship Program

  2. About IECE • Focal point on campus and the local community to promote and encourage entrepreneurial activity. • Facilitate the development of entrepreneurs and innovators

  3. ITTN Program Overview • In Collaboration with the US Army Research Lab (ARL): • Deliver an intensive graduate-level program in technology commercialization & entrepreneurship • Transform STEM students from Historically Black Colleges and Universities (HBCU) into entrepreneurial scientists that make contributions in a wide range of environments Government STEM Student ITTN Program Business Academia

  4. ITTN Program - Genesis • Addresses Key Issues for ARL • Congressional directive issued to the U.S. Department of Defense • Become more entrepreneurial – “thinking outside the box, in the box” • Concern about the future availability of domestically trained U.S. scientists • Concern about the number of minority graduate students choosing science as career

  5. Program Objectives • Through the ITTN Experience, Students Learn : • The entrepreneurial mindset and behaviors • The difference between ideas and opportunities • Skills and tools to assess, shape, and take advantage of emerging opportunities • Their personal capacity for entrepreneurship • How to apply entrepreneurial skills and knowledge in research and lab settings

  6. Program Composition • Three Phases • Immersion • Discovery • Launch • Program Features • Coursework • Experiential Learning • Course and non-course based

  7. Phase I – Immersion Pre-course “boot camp" Phase II – Knowledge & Experience Building Fall Quarter Winter Quarter Spring Quarter Course 1 Overview of Technology Transfer and Commercialization Course 3 Entrepreneurship and New Ventures Course 5 New Venture Planning and Strategy Course 2 New Venture Opportunity Analysis Course 4 New Venture Resource Requirements Course 6 Managing a Growing Business Experiential Project 1 Technology Commercialization Market Assessment Project Experiential Project 2 Technology Commercialization Market Assessment Project Experiential Project 3 Technology Commercialization Market Assessment Project Phase III – Launch: Applying Knowledge & Experience Summer Quarter Capstone Experiential Project Army Research Lab (ARL) Comprehensive Exam & Reflective Portfolio

  8. Program Composition • Phase One – Immersion • Move-in • Orientation • 40-hour “pre-course” • Learning the language of business and entrepreneurship

  9. Program Composition • Phase Two – Discovery • Nine-month series of coursework and experiential learning projects • Six graduate-level courses • Intensive workshops in special topic areas • “Exploring the field” opportunities • Three technology commercialization projects • Investment due diligence research for Tech Coast Angels

  10. Program Composition • Phase Three – Launch • Comprehensive Examination • Reflective Portfolio • 10 -12 week summer consultancy at ARL Tactical Information Fusion Branch

  11. Program Funding • Current funding • ARL annual funding of $1,389,000 • Program is currently in its fifth funding cycle with over $8 million invested by ARL • In-kind support from University including facilities, materials, cost share. • Future funding • ARL • Potential partnerships being developed with USDA and NSF

  12. Program Outcomes • 52 students representing 45 different HBCU’s • Continuing education • Five $75,000 scholarships awarded to complete MBA in Entrepreneurship • 19 Fellows have continued on to complete additional graduate education including Ph.D. and M.D.

  13. Program Outcomes • Tech transfer & • commercialization • Federal lab & Corporate sector • Startup ventures Hamilton PressleyMedical Systems

  14. Program Outcomes • 67 percent of Alumni felt strongly that the knowledge gained and experiences during the ITTN Program has helped them achieve their current success • 83 percent of Alumni feel strongly that they have the ability to conduct themselves as scientific entrepreneurs as a result of the ITTN program • 67 percent of Alumni feel strongly that they are more than qualified to start a business, lead other scientists or work in the technology transfer field after attending the ITTN program

  15. Summary • Unique program that helps transform scientists into entrepreneurial thinkers • Program continues to evolve and improve based on experience, feedback and ideation • Continued funding from ARL is secure, continuing to seek new initiatives and funding with additional partners • USDA, NSF, & Morgan State University • One of top funding initiatives of President Karnig’s “legacy” project • Model can be replicated in any academic setting • Key is to have University support and collaborative partners to ensure experiential learning component

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