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Congratulations to the 2019 Rekhi Innovation Challenge Winners

Published March 6, 2019

Competitions

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

Published November 16, 2018

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Pitch Competition

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

Published October 30, 2018

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Workshops

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:

Customer Segments
Value Propositions
Channels
Customer Relationships
Revenue Streams
Key Resources
Key Activities
Key Partnerships and
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

Published October 1, 2018

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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.

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.

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.

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

Published July 30, 2018

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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

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

“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.

Tech’s Frozen Engineers to Compete in Make48 Competition this Summer

Published April 30, 2018

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News

By Amy Karagiannakis

Michigan Tech’s Frozen Engineers were selected to represent Tech at the Make48: College vs. College competition this August in Baltimore, MD. Teams are given 48 hours to plan, prototype, and pitch an idea for prizes and licensing potential. The top three teams may have an opportunity to license their designs and take their products to market. The entire competition will be filmed in a documentary style TV series. The goal is to foster imagination, creativity, problem solving and an entrepreneurial mindset. Make48 captures the process of invention through a hands-on competition that challenges individuals of various ages and backgrounds to take product ideas from conception to physical prototype in just 48 hours.

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 Frozen Engineers 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!”

Judges at Make48 are looking for highly marketable ideas that appeal to a large market and are able to be manufactured. The upcoming 48-hour invent-a-thon will take place August 10-12 in Baltimore, MD at the Stanley Black & Decker Makerspace and the Baltimore Museum of Industry. You can learn more about the other university teams competing in this year’s competition here.

Four Michigan Tech Teams Take Home Awards from the Central Michigan University New Venture Competition

Published April 20, 2018

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By Amy Karagiannakis

Six undergraduate student teams from Michigan Technological University traveled to Central Michigan University (CMU) to compete in the eighth annual New Venture Competition held Friday, April 13. The event was co-sponsored by Michigan Tech’s Innovation Center for Entrepreneurship (ICE). Student teams from Michigan Tech and CMU presented business plans and pitches to panels of experienced entrepreneurs. Four of Michigan Tech’s six competing teams took home cash and in-kind awards.

Weber presenting for Makerhub to a panel of entrepreneurs

Team Makerhub led by Cedric Kennedy (business administration and management ’16) and Adam Weber (computer network and system administration) won the Korson Family Highest Growth Potential award and $10,000. Makerhub crowdsources 3-D printers in order to fulfill the need for 3-D printed parts. When asked what’s next for Makerhub, Weber shared, “Right now, Makerhub is being tested in a private beta with a large handful of users. The prize money will be used to accelerate the development process and release it to the general public very soon.”

Weber (left) and Kennedy (right) with award check

Team Fitstop took first place in the pitch competition and was awarded $1,000. Fitstop founders, Gabe Giddings (computer science) and Jacob Carley (electrical engineering), participated in Michigan Tech’s I-Corps Site Program in January. Directed by Mary Raber, assistant dean of Pavlis Honors College, 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. Jim Baker, executive director of innovation and industry engagement at Michigan Tech served as mentor for Fitstop’s participation in the competition. “Gabe and Jake have worked hard on engagement with customers, including gym owners and travelers seeking a better workout experience on the road. Understanding the needs of both customer segments has been very helpful in presenting a compelling value proposition that translates into a very effective pitch, as shown by this award,” noted Baker.

Giddings presenting for Fitstop in the pitch competition

The core themes of CMU’s New Venture Competition are the hands-on approach to proving that a product works and providing a business model that demonstrates an understanding of concepts that attract investors and customers. Pavlis Honors College student Kyle Ludwig won the $250 Audience Choice Award in the pitch component of the competition for his startup Looma. In addition, Looma was also awarded $1,500 in legal assistance from Foster Swift. Ludwig also participated in Michigan Tech’s I-Corps Site Workshop and found it to be very helpful in developing Looma’s business plan. “The I-Corp Site Program at Michigan Tech helped me realize the direction for my business by introducing me to processes which inspire product development around the customer,” shared Ludwig.

Michigan Tech’s Hinge was awarded second runner up in the pitch component of the competition and $250. Isaiah Pfund (mechanical engineering), Jack Horrigan (electrical engineering), and Tanner Sheahan (chemical engineering), of Hinge, participated in the Michigan Tech Consumer Products Challenge last January and are working on a self-sanitizing toilet as well as other consumer and industrial product ideas. Horrigan and Pfund were also winners of best elevator pitch at the Bob Mark competition last fall.

From left to right, Sheahan, Pfund, Baker (mentor), and Horrigan accept award check

This is the eighth year of the New Venture competition and the seventh year of Michigan Tech’s partnership with CMU. Last year, Michigan Tech students Nick Dubiel and Morgan Crocker won Best Overall Venture, which came with $30,000 and a year of mentoring support from Blue Water Angels in Midland for their product The Metaloid.

Michigan Tech’s Innovation Center for Entrepreneurship (ICE) within the Pavlis Honors College 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. The mission of the center is to harness the potential of the Michigan Tech campus community to innovate, develop, and implement ideas and inventions by building and maintaining a strong and integrated ecosystem with a cohesive set of entrepreneurial and innovation resources to enable success. 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. A schedule of upcoming student innovator and entrepreneur competitions, in order of registration deadlines, can be found on our website.

Fostering an Innovation and Entrepreneurial Mindset at Tech

Published March 5, 2018

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News

By Amy Karagiannakis

Michigan Tech has been awarded the VentureWell Faculty Grant in the amount of $22,800 for the proposal “Building a Curriculum that Fosters an Innovation & Entrepreneurial (I&E) Mindset for our First-year Students.” The Innovation Center for Entrepreneurship teamed up with Engineering Fundamentals and the School of Business and Economics (SBE) to develop a first-year curriculum that infuses design thinking methodology into Tech’s first-year engineering and business courses.

All engineering students at Tech are required to complete ENG1102, Engineering Modeling and Design in their first year and SBE offers BUS1100, Introduction to Business to their first-year students. Last Fall semester, working off a previously awarded grant, PIs Mary Raber, Mary Fraley, Brett Hamlin, and Amber Kemppainen piloted incorporating the design-thinking process into two sections of ENG1102. Concurrently, the team also worked with Jon Leinonen to incorporate a similar set of design-thinking modules in three sections of BUS1100. Students in these courses were ultimately required to form teams and develop innovative solutions for a self-identified problem. Prior to being given a designated challenge however, students were introduced to design thinking methodology through a series of interactive workshops and activities. With the knowledge and concepts they learned, they could apply the phases of empathy, define, ideation, prototype, and test to developing solutions to their prescribed team challenges.

Mary Fraley, Lecturer for Engineering Fundamentals reflected, “We learned in the pilot that including design thinking in a first-year engineering course was an effective way to introduce students to an entrepreneurial mindset. Through the development of an innovative product, students not only improved their critical thinking skills, but also developed an understanding of incorporating customer needs into their design. We look forward to refining this approach in the future.”

The new grant will allow Tech’s PIs to expand upon the Fall pilot, affording business and engineering students the opportunity to work together on innovative solutions to problems they identify. The goal is to refine the curriculum based on lessons learned from last Fall hoping to eventually introduce a permanent curricular offering. The new grant money will also enable Tech to train additional faculty in the design thinking and lean startup methodology through workshops facilitated by those who have completed Stanford’s Teaching and Learning Studio training, as well as Steve Blank’s Lean Launchpad training. The team also plans to incorporate Tech’s new makerspace, the Alley, for prototyping and testing student design projects.

Jon Leinonen, lecturer in the School of Business and Economics highlights the interdisciplinary teamwork that the VentureWell project provides as a point of distinction for Michigan Tech’s students, saying, “In this setting, students learn to apply business principles in a technical environment. This provides a foundation for more creative, feasible and rewarding outcomes when graduates step into industry.”

This collaborative project is lead by a team of faculty from the Innovative Center for Entrepreneurship, the Engineering Fundamentals Department and the School of Business. Mary Raber has experience with developing educational programming around Design Thinking, Lean Start-up and makerspaces. Mary Fraley, Brett Hamlin and Amber Kemppainen are instructors in the first-year engineering program and Jon Leinonen is a business instructor and I&E mentor. Together, this team will lead the efforts to continue to integrate design thinking and lean startup concepts into the core engineering fundamentals and business courses.

Mary Raber, co-director of the Innovation Center for Entrepreneurship and Assistant Dean of the Pavlis Honors College stated, “This grant from VentureWell will allow us to build upon the pilot conducted in Fall 2017 that introduced design thinking into first-year engineering and business courses. Our goal is to give these students an opportunity to begin developing an innovation and entrepreneurial mindset while working together to create innovative solutions to problems of interest.”

Design Thinking and Makerspaces

Published December 7, 2016

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By Mary Raber

If you’ve been hanging out around the Pavlis Honors College you’ve probably heard talk about Design Thinking and Makerspaces. And maybe you’re wondering, what are these things and why are they important?

As stated by Tom & David Kelley, co-founders of the product innovation company IDEO and authors of Creative Confidence, “Most people are born creative. As children, we revel in imaginary play, ask outlandish questions, draw blobs and call them dinosaurs. But over time, because of socialization and formal education, a lot of us start to stifle those impulses. We learn to be warier of judgment, more cautious, more analytical. The world seems to divide into “creatives” and “non-creatives,” and too many people consciously or unconsciously resign themselves to the latter category.”

Last fall, the Pavlis Honors College announced the creation of a new Innovation Center for Entrepreneurship (ICE), and as part of our mission we want to help Michigan Tech students, faculty and staff reclaim their “creative confidence.” Design thinking and makerspaces are two great tools that can help.

“Design Thinking is defined as a methodology and a mindset that draws upon logic, imagination, intuition, and systemic reasoning, to explore possibilities of what could be—and to create desired outcomes that match people’s needs with what is technologically feasible and what a viable business strategy can convert into customer value and market opportunity,” explains IDEO CEO, Tim Brown.

It is an iterative process that starts with Empathy…understanding the needs and challenges of the people who might use the innovative ideas you are developing. By getting out and talking to people, you can learn a lot about their needs and challenges which can help ensure that you are focusing on the right problem. Then through ideation processes such as brainstorming, new ideas are generated. Simple prototypes of these ideas can be created with fast and inexpensive methods such as sketching, role playing, or building models using materials like post-it notes and pipe cleaners. These simple prototypes can then be used to gain valuable feedback by testing a physical model of your idea with prospective users. This allows you to determine whether you’re on the right track before you’ve invested too much time or money, or if you need to go back to a previous step to explore your idea further.

We now have a team of faculty and students (our University Innovation Fellows) who are trained in the design thinking process and are available to help others develop design-thinking skills through facilitated workshops and class sessions. The team has already been working hard to help infuse this process across campus and into the community.

You’ve probably also heard about our new makerspace, The Alley. Makerspaces are popping up all over the world and there are an estimated 400 makerspaces in the US alone. They are intended to be creative, DIY spaces where people can gather to create, collaborative, invent, tinker and learn using a variety of tools and materials. By all accounts, they are not just spaces, they are communities of people from all disciplines and backgrounds who enjoy making things. They encompass making in all forms, whether building with power tools, creating 3D printed prototypes, experimenting with cooking, or creating through more traditional art forms like sewing and painting.

Over the past year, a diverse team of students, faculty and staff have worked to convert the old bowling alley in the basement of the MUB to a really cool collaborative work space where members of the Michigan Tech community can bring their ideas to life.

In September, representatives of Milwaukee Tool came to campus to help facilitate a workbench building event. Milwaukee Tool is a strong supporter of The Alley and helped get the makerspace off the ground with a generous donation of tools. The Alley officially opened with a ribbon cutting ceremony on October 25^th, 2016.

The Alley is a student-led makerspace, with a team of Maker Coaches (student, faculty and staff volunteers) who staff the space, maintain the tools & equipment, train new users, and help to make it a safe place to work. It is open to the Michigan Tech community on Monday-Thursday from 3:00-9:00pm. For more info on the space, or how to get involved as a volunteer Maker Coach, check out The Alley’s website or Facebook page.

Tag: entrepreneurship