Tag: entrepreneurship

Husky Innovate Announces Fall 2022 Schedule of Events

Husky Innovate, a collaboration between the Pavlis Honors College, the Office of Innovation and Commercialization, and the College of Business, has a goal to provide the tools and knowledge to cultivate Michigan Tech’s innovative, creative, and entrepreneurial spirit across all disciplines offered on campus. To accomplish that goal, Husky Innovate provides valuable innovation and entrepreneurial education programs to students, staff, and faculty at Michigan Tech and this fall’s schedule is no exception!

This semester we have an outstanding lineup of workshops and speakers – check out the schedule of events for fall 2022 below. For more information on our Husky Innovate events, please visit:  http://www.mtu.edu/husky-innovate

Husky Innovate Fall 2022 Calendar of Events
Husky Innovate Fall 2022 Calendar of Events

Looking for ways to get involved? Sign up for our mailing list and get information sent directly to your inbox about upcoming innovation workshops, speakers, or other ways to excel your career. 

Winners Announced: 2022 Bob Mark Business Model Pitch Competition

Social Impact Award Winner – Bayle Golden with STEMPOWER

Congratulations and thank you to Husky Innovate’s Bob Mark Business Model Pitch Competition contestants and winners! On January 27th, 16 Michigan Tech students, representing diverse majors, participated in the competition either virtually over Zoom or in-person, and pitched their business models to a panel of judges and to a live audience. Each contestant was provided 4 minutes to pitch key components of their business models, including the value proposition and customer segment.

A highlight of Michigan Tech’s Innovation Week, this legacy event celebrates entrepreneurship and is a tribute to the late College of Business Professor of Practice Bob Mark. There were three categories of prizes: business model, social impact, and breakout innovation. The business model category looked at how well the solution addresses the customers’ needs, the path to revenue, and the overall presentation. The social impact category examined the significance of the social problem and how well the solution addressed it. The breakout innovation award considered the solution’s novelty, ease of implementation, and time to implementation.  

Congrats to all the contestants who took a big step forward with their entrepreneurship goals when they pitched their business models. Special congratulations to our award winners:

Business Model Category 

Presented by College of Business, thank you to sponsors Rick and Jo Berquist, and Dan and Jane Green for sponsoring the Audience Favorite award.

  • First prize – Akhil Kurup with Sense ($2,000)
  • Second prize – Maggie Zimmermann  with Famealia ($1,000)
  • Third prize – Jakob Christiansen with ProBoard ($500)
  • Honorable Mention – Nick Peterson with NOMAD ($250) 
  • Audience Favorite – Maggie Zimmermann with Famealia ($250) 

Social Impact Award Category

Sponsored and presented by Dr. Elham Asgari, Gates Professor College of Business, with a $1,000 matching contribution from Arick Davis and Jake Northey of Creative Mines.

  • Bayle Golden with STEMPOWER ($2,000)

Breakout Innovation Award

Presented by Patrick Visser, Chief Commercial Officer, MTEC SmartZone, sponsored by the MTEC SmartZone and the Michigan Economic Development Corporation.

  • Akhil Kurup with Sense ($1,000)

Husky Innovate extends a special thanks to those who provided their time and resources to make the competition a success.

Our Sponsors

  • Dean Johnson, Dean, College of Business
  • Elham Asgari, Gates Professor, College of Business
  • Rick and Jo Berquist
  • Dan and Jane Green
  • Arick Davis and Jake Northey, Creative Mines
  • MTEC SmartZone and the MEDC

Our Judges 

  • Jim Baker, Associate VP Research Administration, Co-Director Husky Innovate 
  • Michelle Jarvie-Eggart, Assistant Professor Engineering Fundamentals
  • Eric Roberts, Executive Director 20Fathoms 
  • David Shull, Senior Director Skills Partnerships, Handshake
  • Elham Asgari, Gates Professor, College of Business
  • Dan Green, Entrepreneur, and Principal at BlackFin Group, MTU Alumnus
  • Arick Davis, Entrepreneur, Co-founder Last Mile Cafe, Creative Mines, MTU Alumnus 
Competition Judges

Our Emcee

Gary Tropp, Computer Network and System Administration, Pavlis Honors College Student, University Innovation Fellow, and Husky Innovate Pitch winner ‘18, ‘19.

Our Marketing Team

Vienna Leonarduzzi, Marketing and Communications Director, Pavlis Honors College, and Laura Vidal Chiesa, Michigan Tech Ph.D. Student, College of Sciences and Arts and Husky Innovate Intern.  

Our Production Team

Special thanks to Stefan Hurthibise and the Michigan Tech IT team, Sound and Lighting Services’ James Langsford, Elijah Nation, Luke Schloemp, and the rest of the team, and Photo Services provided by Alok Shelar of University Marketing and Communications, and Dining and Catering Services for their support. 

A special thank you to the Office of Advancement and Alumni Engagement for inviting all Bob Mark pitch contestants to watch the January 29th Michigan Tech Hockey game from the Presidential Skybox.

Thanks to all who attended! We look forward to next year’s event!

Cameron Philo Wins Best Technology and $10,000 at CMU New Venture Competition

Apurva Baruah pitching at CMU New Venture for Yooper Ag.

Five student teams from Michigan Technological University traveled to Central Michigan University (CMU) in Mount Pleasant, MI to compete in the ninth annual New Venture Competition held Friday, April 12. Student teams from Michigan Tech and CMU presented business plans and pitches to panels of experienced entrepreneurs. The Michigan Tech students that competed in the 2019 CMU New Venture Competition were:

  • Mayank Bagaria for Vakya
  • Apurva Baruah for Yooper Ag
  • Ahammad Basha Dudekula for AGTO Autonomous
  • Cameron Philo for Life Pro Jackets
  • Karuna Rana and Sid Premchandani for Reality Check

Cameron Philo pitching at CMU New Venture for Life Pro Jackets.

Michigan Tech students Cameron Philo and Mayank Bagaria advanced to the semifinals last Friday. Cameron Philo won Best Technology and was awarded $10,000. Philo participated in Michigan Tech’s I-Corps Site Program last Fall. I-Corps is a team-based program structure that was developed through a partnership between the National Science Foundation (NSF) and Silicon Valley entrepreneurs. The workshop provides an introduction to the Lean Start-up business development methodology, which focuses on getting out of the lab and using the tools of customer discovery and the business model canvas to evaluate the commercial potential of innovative technologies.

Mayank Bagaria pitching at CMU New Venture for Vakya.

This is the ninth year of the New Venture competition and the eighth year of Michigan Tech’s partnership with CMU. Last year, four out of Michigan Tech’s six participants took home cash and in-kind awards.

Cameron Philo wins Best Technology and $10,000.

Michigan Tech’s Innovation Center for Entrepreneurship (ICE), a collaboration between the Pavlis Honors College and the School of Business and Economics, continues to be an excellent resource for students looking to start their own business or bring new ideas and concepts to the next stage of development. Husky Innovate was introduced this academic year by ICE as a succession of workshops and events that build on each other leading up to the CMU New Venture Competition. The intention is to guide students through key phases of innovation or business development while emphasizing evidence based strategies for success. Many of the students that competed in this year’s New Venture Competition also participated in various Husky Innovate events and workshops throughout the academic year. Students interested in innovating, developing, and implementing their ideas and inventions are encouraged to visit the Pavlis Honors College (M&M 722) to learn more about ICE and the resources available to them.

Husky Innovate Speaker Series Event on April 26th

The Innovation Center for Entrepreneurship will host its second Husky Innovate Speaker Series on Friday, April 26, from 12-1 PM in the Pavlis Honors College Collaboration Space (M&M 722). Faculty, students, and staff are invited to join us for a talk given by Michigan Tech’s Dr. Brad King. King is the Ron and Elaine Starr Professor in Space Systems in the department of Mechanical Engineering-Engineering Mechanics. He also serves as the faculty advisor for Aerospace Enterprise, is Director of the Space Systems Research Group, and the CEO of Orbion Space Technology.

King will discuss the “small satellite revolution”, Orbion’s value proposition of affordable, reliable electric propulsion for your small satellite mission, how his team approaches innovation, and how advances in technology such as Orbion’s have disrupted the space industry.

If you are an innovator or entrepreneur working on an idea with the goal of launching your own business, you are highly encouraged to attend. Registration is required, and attendance will be capped at 30. Lunch will be provided to the first 30 people to register. Please register no later than Tuesday, April 23rd.

The Husky Innovate Speaker Series is hosted by the Innovation Center for Entrepreneurship which is a collaboration between the Pavlis Honors College, the School of Business and Economics, and the Vice President for Research Office.

DTX Launch Detroit Deadline is April 4

Michigan Tech students from Detroit and the surrounding area have a unique summertime opportunity through incubator and accelerator, TechTown Detroit. TechTown, a partner of the Detroit Technology Exchange (DTX), connects entrepreneurs to resources, as well as learning and networking events in Detroit.

DTX Launch Detroit is a ten-week paid entrepreneurship program for college students and recent graduates who want to start their own business with an innovative idea. The program runs from May 21 to August 8.

Students can expand their entrepreneurship tool box, develop their resume, complete the groundwork for launching their own innovative idea, and receive a stipend in the process!

Participants will receive $2,500 upon completing the program (up to $7,500 per team).

The deadline to apply is April 4th. More information about DTX Launch Detroit and how to apply can be found here.

Congratulations to the 2019 Rekhi Innovation Challenge Winners

The 2019 Rekhi Innovation Challenge ended Thursday, February 28. This year there were seven teams competing. The Rekhi Challenge is a crowdfunding competition to help promote and support student innovation and entrepreneurship through Michigan Tech’s crowdfunding site, Superior Ideas. A total of $3,035 was raised between the projects. Congratulations to the Automated Beach Safety Flag project for raising the most at $2,245. This project team will receive a matching gift of $1,000.
Below are the results in the other prize categories:
Most Unique Visitors – 1st Place Wins $50 For Their Project
1st place – Audio to Visual Translator
2nd place – Automated Beach Safety Flag
3rd place – LifePro Jackets
Most Unique Funders – 1st Place Wins $50 For Their Project
1st place – Audio to Visual Translator
2nd place – Automated Beach Safety Flag
3rd place – LifePro Jackets
Social Media Engagement – 1st Place Wins $50 For Their Project
1st place – Automated Beach Safety Flag
2nd place – Audio to Visual Translator
3rd – LifePro Jackets
Most Creative Marketing Communications Strategy – 1st Place Wins $50 For Their Project
1st place – Automated Beach Safety Flag
The Audio to Visual project won a total of $100 in prize money and the Automated Beach Safety Flag project won a total of $1,150. Thank you to all of the donors that contributed to these projects. Your support for student innovation and entrepreneurship at Michigan Tech is greatly appreciated.
Superior Ideas was established in 2012 to help bring University research and public service projects to life. The site uses crowdfunding to raise money and awareness for University research and public service projects that may not qualify for grant funding.
The Rekhi Innovation Challenge was hosted by the Innovation Center for Entrepreneurship and developed with support from Michigan Tech alumnus and longtime donor Kanwal Rekhi. The Silicon Valley-based entrepreneur earned his master’s degree in electrical engineering from Michigan Tech in 1969. The Innovation Center for Entrepreneurship is a collaboration between the Pavlis Honors College and the School of Business and Economics.

Bob Mark Business Model Competition is December 5

The Innovation Center for Entrepreneurship is hosting the 2018 Bob Mark Business Model Competition on Wednesday, December 5 from 7-9 p.m. in the Opie Library. Students can apply to compete here.

The 2018 Bob Mark competition includes an idea pitch and a business model description. This event takes place later in the year so that contestants will have had the opportunity to develop their business model through participation in Husky Innovate workshops. Using Lean Launchpad methods and the Business Model Canvas, students will share insights from customer interviews that inform their business model.

Prizes will be awarded to the most scalable and actionable business model pitches. Using prize money, students have a chance to take their entrepreneurial idea to the next stage of development further preparing them for additional opportunities such as competing at the New Venture Competition held this April at Central Michigan University.

President Koubek will serve as a distinguished judge alongside other entrepreneurially minded faculty, staff, and community members.

Prizes for the Bob Mark Business Model Competition include:

First Prize – $2,000 + $100 services from MTEC SmartZone

Second Prize – $1,000 + $100 services from MTEC SmartZone

Third Prize – $500 + $100 services from MTEC SmartZone

Honorable Mention (2 prizes) – $250 each

Audience Favorite – $250

MTEC SmartZone prize – $1000

This event is a tribute to the late Bob Mark, professor of practice in the School of Business and Economics. Mark founded the Elevator Pitch Competition and brought the Business Plan Competition to Michigan Tech. The Bob Mark Elevator Pitch Competition and other efforts support his entrepreneurial spirit and that continues to live on in students, faculty, and staff.

Students who participated in the Idea Pitch Competition on October 17 are strongly encouraged to apply to compete in the Bob Mark Business Model Competition. Students should apply by submitting this form no later than midnight on Wednesday, November 21st (before Thanksgiving break). The top 15 applicants will be selected to participate in the Bob Mark Business Model Competition. Students who upload a business model canvas to their application will be given priority consideration. Student guidelines, scoring criteria, and a blank Business Model Canvas can be found at mtu.edu/honors/ice/husky-innovate.

Erica Austin and Kyle Schuhknecht presenting their idea, Mr. Green Tips, an eco-friendly informational application at the Idea Pitch Competition in October.

The 2018 Bob Mark Business Model Competition is part of Husky Innovate, a series of workshops and events that build on each other with the intention of guiding students through key phases of innovation or business development while emphasizing evidence-based strategies for success. Bob Mark Business Model Competition is hosted by the Innovation Center for Entrepreneurship, which is a collaboration between the Pavlis Honors College, the School of Business and Economics, and the Vice President for Research Office.

 

Business Model Canvas Bootcamp

The Innovation Center for Entrepreneurship will be hosting Business Model Canvas Bootcamp, a two-part workshop on November 14 and 28 from 7-9 pm in Rekhi 214. Using the Business Model Canvas, students will work with members of the Michigan Tech I-Corps Site Program teaching team to develop a business model for their technology or idea.

The Business Model Canvas is a tool developed by Alexander Osterwalder & Yves Pigneur. It emphasizes the relationships of the nine components of a business model:

  1. Customer Segments
  2. Value Propositions
  3. Channels
  4. Customer Relationships
  5. Revenue Streams
  6. Key Resources
  7. Key Activities
  8. Key Partnerships and
  9. Cost Structure.

Check out this short video for a brief overview of the Business Model Canvas. The idea is that business plans are static while a successful business model needs to be dynamic. A successful business venture requires a tool that allows one to quickly assess the impact of changes and adjust accordingly.

The I-Corps teaching team will guide students through the process of developing their unique business model. In this workshop, you will map out your canvas with specific focus on the value proposition and the customer segments. After developing a hypothesis around your the nine components, focusing on the customer segment and its “pain points”.  From there you will then test your hypothesis through customer interviews or customer discovery.  Does your solution create value for your customer segment? Based on the customer discovery process you will understand if you need to adjust your value proposition and pivot.

Business Model Bootcamp is part of Husky Innovate, a series of workshops and events that build on each other with the intention of guiding students through key phases of innovation or business development to help them prepare for future competitions, as well as future intrapreneurial and/or entrepreneurial business ventures. Registration for this workshop is required.

Students who participated in the Idea Pitch Competition and/or plan to compete in the upcoming Bob Mark Business Model Competition, are strongly encouraged to register for Business Model Canvas Bootcamp. There is a cap of 25 contestants for our Bob Mark Business Model Competition. Priority will be given to those who have completed the Business Model Boot Camp. Husky Innovate is hosted by the Innovation Center for Entrepreneurship, a collaboration between the School of Business & Economics, Pavlis Honors College, and the Vice President for Research Office.

 

Introducing Husky Innovate Workshops and Pitch Competitions

The Innovation Center for Entrepreneurship at Michigan Tech, a collaboration between the Pavlis Honors College and the School of Business and Economics, announces a new series of workshops and events for students called Husky Innovate. Husky Innovate is a succession of workshops and competitions guiding students through key phases of innovation and business development, while emphasizing evidence-based strategies for success.

Semi Final Presentation for CMU New Venture Competition

Students are encouraged to participate in any/all events of their choosing, whether they’re interested in learning more about entrepreneurship and innovation to distinguish their résumé, or they want to start their own business and build knowledge, expertise and confidence through participation.

Ideate and create

Students who challenge themselves to pitch their idea at a national, state or regional competition will find the Husky Innovate track provides a solid foundation for their goals. The workshops and events emphasize experiential learning and provide the opportunity to get valuable feedback from peers and mentors.

IMG_5458

The Idea Pitch Competition will be held 7 to 9 p.m. Oct. 17 in Fisher 138. During the two-minute pitch competition students will share their favorite innovative and disruptive idea in an interactive, community setting. Cash prizes will be awarded. Students should register early;  participation is limited to the first 30 registrants.

See more events and upcoming workshops at mtu.edu/husky-innovate.

Michigan Tech Among 12 College Teams to Compete in Make 48 TV Series

Michigan Tech is one of twelve U.S. college teams Make48 recently announced to compete in Season 3 of the national invention TV series. Make48 is a nationwide invention competition documentary series that gives teams exactly 48 hours to come up with an idea, create a prototype and promotional video and then present their idea to a panel of judges. Three winning teams are chosen and the remainder of the series highlights the process of trying to get the products to market.

Other schools that will be competing along side Tech include Georgetown, Rice, Tulane, University of Nevada-Reno, University of Miami, University of Connecticut, University of Wisconsin-Milwaukee, School of the Art Institute of Chicago, University of Illinois-Champaign, K-State Polytech, and Kansas City Art Institute. The Michigan Tech team consists of Mike Gazdecki (material science and engineering), Patrick Guyon (mechanical and electrical engineering), Rachel Kolb (mechanical engineering), and Ryan Thompson (mechanical engineering). The team took fourth place in Michigan Tech’s 2018 Consumer Products Challenge for their single serve Margarita Machine. Twenty-six teams consisting of 3-5 Tech students received a Challenge Box filled with products supplied by corporate sponsors — Amway, 3M, and Kimberly-Clark. When asked about being selected to compete in Make48, Kolb shared, “I think I’m most looking forward to working with the team again. When we made our team for Consumer Products Day, none of us had worked together before, but we ended up having a blast. This will be the perfect opportunity to use the skills I learned in the UIF program to help the team!”

From left to right: Patrick, Michael, Rachel, Ryan
From left to right: Patrick, Michael, Rachel, Ryan

Filming will take place August 10th-12th at the Stanley Black and Decker Innovation Lab in Towson, MD, where the teams will compete in a 48-hour competition.

Stanley Black & Decker Makerspace in Towson, MD
Stanley Black & Decker Makerspace in Towson, MD

“Season three of Make48 is really exciting for us,” says Tim Perra, Vice President, Public Affairs for Stanley Black and Decker. “These students are in the midst of learning the skills needed to become innovators and entrepreneurs, and they’re going to be put to the test like never before in a 48-hour competition. We’re excited to welcome these students to our Makerspace and hopefully provide an atmosphere where they feel inspired to create the best products possible.”

Backed by industry giants like Stanley Black and Decker, Ace Hardware and QVC, Make48, which has now been picked up by 92% of American public television markets, is excited to turn the spotlight on students this time. “It will be intriguing to see what these young creative minds will invent in 48 hours. By bringing the collaboration of the Make48 tool technicians and Stanley’s state of the art innovation lab will no doubt leave this seasons judges with a hard task,” Make48 CEO, Tom Gray says.

Season 2 will premiere in September on local PBS/APT (American Public Television) stations across the country. You can catch season 1 by going to Amazon Prime Video, PBS.org or Make48.com. You can also find out more about Make48 by following them on Facebook, Twitter, or Instagram.