innovation Archives | Page 2 of 4 | Pavlis Honors College Blog

Congratulations to the Bob Mark Business Model Competition Winners

Published December 6, 2018

News

By Amy Karagiannakis

Pavlis Honors student, Deanna Springgay, presenting her business model for Little Trainer.

The 2018 Bob Mark Business Model Competition took place Wednesday, December 5 in the Opie Library. The Competition was hosted by the Innovation Center for Entrepreneurship, a collaboration between Pavlis Honors College, School of Business and Economics, and Vice President for Research Office.

Lavanya Ajexh Kumar presenting on her web-based stress management program, AlzWell

There were more than 20 participants that made up 15 teams from various majors and disciplines who pitched to a panel of judges comprised of President Koubek, faculty, and community members. Ideas ranged from hypothermia preventing life jackets to a web-based stress management program. Participants had five minutes to pitch their ideas and present their business model. The judging panel then had time following the presentation to ask questions and provide valuable feedback to our young entrepreneurs.

Pavlis Honors student, Gary Tropp accepts the First Place award from Dean Johnson. Tropp also won the MTEC SmartZone Game Changer award.

The winners of the 2018 Bob Mark Business Model Competition were:

First Place and MTEC SmartZone Game Changer Award – Gary Tropp (Computer Network & System Administration) for VARS (Virtual Advising Registering and Scheduling)
Second and Third Place – Tie between Mayank Bagaria (Mechanical Engineering) for Vakya and Karuna Rana (Environmental and Energy Policy) for Reality Check
Audience Favorite – Nate LaJoie (Finance) and Michael Betz (Management) for Backpack Keg
Honorable Mention – Deanna Springgay (Biochemistry and Molecular Biology) for Little Trainer
Honorable Mention – Russ Crofton (Mechanical Engineering Technology) for Moonlight Cycles

Congratulations to all of our winners and participants, and thank you to our panel of distinguished judges for donating their time and expertise. The Innovation Center for Entrepreneurship would also like to thank MTEC SmartZone and Arroyo Networks for their support and prize contributions. Photos from the event can be viewed and downloaded here.

Karuna Rana presenting Reality Check, an app to verify product sustainability. Rana tied for second and third place.

The Bob Mark Competition is part of Husky Innovate, a series of workshops and competitions that guide students through key phases of business development while emphasizing strategies for success. More information on upcoming Spring Husky Innovate events can be found at mtu.edu/husky-innovate.

Bob Mark Business Model Competition is December 5

Published November 16, 2018

By

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.

Michigan Tech Students Named University Innovation Fellows

Published November 7, 2018

By

News

Congratulations to Cara Hardin, Lexi Steve, Gi West, and Cameron Philo for being named University Innovation Fellows (UIF) by Stanford University’s Hasso Plattner Institute of Design (d.school). This global program trains student leaders to create new opportunities for their peers to engage with innovation, entrepreneurship, design thinking and creativity.

The University Innovation Fellows Program empowers students to become agents of change at Michigan Tech. Fellows work to ensure that their peers gain the knowledge, skills and attitudes required to make a positive impact on the world.

“During training, Fellows gain skills, mindsets and knowledge to face ever-more complex challenges at their schools and in the world,” said Humera Fasihuddin, co-director of the University Innovation Fellows program. “They learn frameworks like design thinking and lean startup, which help them analyze their campus ecosystems, understand the needs of others, and uncover opportunities for change. As a result, Fellows design learning experiences that better prepare peers for their careers.”

Cara Hardin is a third year student majoring in Mechanical Engineering. Steve, West, and Philo are all Pavlis Honors Pathway Program students. Lexi Steve serves as an Honors Ambassador and is currently studying abroad in Spain this Fall semester. Gi West is the Student Director for The Alley makerspace. Cameron Philo recently competed and won first prize and audience favorite in the Husky Innovate Idea Pitch Competition.

Hardin, Steve, West, and Philo were sponsored by Pavlis Honors College Assistant Dean, Mary Raber. Michigan Tech’s Innovation Center for Entrepreneurship funded the Fellows’ six week online training. These students will have the opportunity to travel to the University Innovation Fellows Silicon Valley Meetup in California this coming Spring 2019. During the meetup, Fellows will take part in immersive experiences at Stanford’s d.school and Google, and work with leaders in education and industry. They will participate in experiential workshops and exercises focused on topics including movement building, innovation spaces, design of learning experiences, and new models for change in higher education.

“In traditional education systems, students have to wait until they graduate to make a difference. We don’t believe that,” said Leticia Britos Cavagnaro, co-director of the University Innovation Fellows program. “Students are uniquely equipped to make a difference while they’re in school; they know best what other students want and need. Our Fellows are working with their peers, faculty and administrators to co-design a different educational experience and bring about change where it’s needed most.”

Tech’s new Fellows will advocate for lasting change by creating opportunities for students across campus to engage in more activities and events that inspire innovation, entrepreneurship, design thinking and creativity.

Business Model Canvas Bootcamp

Published October 30, 2018

By

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

By

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

By

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.

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

Published April 20, 2018

By

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

By

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.”

Meet Magann Dykema…

Published January 16, 2018

By

By Amy Karagiannakis

38034411134_9774b7e15a_o — From right to left: Magann Dykema, Brad Turner, and Kathryn Christopher. Photo credit to Patrick Beaudouin.

Magann Dykema is committed to spreading a culture of innovation across the Michigan Tech campus. A University Innovation Fellow (UIF) since 2015, Magann is always looking for new opportunities to engage Tech students in innovation, entrepreneurship, design thinking and creativity. Fellows work to ensure that their peers gain the knowledge, skills and attitudes required to make a positive impact on the world. Magann’s biggest and most impactful project on Tech’s campus is #uifresh which introduces incoming first-year students to innovation and the entrepreneurial mindset. To date, Michigan Tech’s University Innovation Fellows have engaged with over 4000 incoming first-year students through orientation, exposing them early on to powerful entrepreneurial tools and resources.

32767149023_06e0f0f2cf_o — Magann at the March 2017 UIF meetup in Silicon Valley. Photo credit to Ryan Phillips.

Have you visited the Alley yet? The space where the old Michigan Tech bowling alley used to reside was completely redesigned and repurposed to create an open-community workshop incorporating elements of machine shops, wood shops, art studios and computer labs where Michigan Tech students, faculty, and staff can come together to share resources and knowledge to build and make things. Magann is currently the Alley Student Director and collaborated on the design and creation of the new makerspace back in the fall of 2015. Magann worked with Pavlis alum Brad Turner to incorporate a design thinking process to turn an old bowling alley into a multi-functional makerspace that the entire University community could benefit from. The Alley currently has tools and equipment available to use for 3D printing, woodworking, electronics, crafting, and sewing, but Magann hopes to expand these offerings through more donors and sponsorship. The Alley and its associated events and activities are completely student led and student driven. The student team also offers classes, seminars, and workshops. Their mission: to create an environment where everyone in the Michigan Tech community is encouraged and supported by providing a welcoming space, learning opportunities, a maker network, and resources.

AlleyPeeps2 — Michigan Tech’s makerspace, the Alley

Last summer, Magann traveled to Brazil to pilot the new Belem site for the Global Leadership pathway in the Pavlis Honors College. Her team’s goal on this initial trip was to determine the needs of the Belem people and develop sustainable solutions that the local community would support. Over five weeks, Magann and her team were able to establish a network of contacts in Brazil, as well as a plethora of resources to aid the next Pavlis team that travels to Belem. Project opportunities for future Pavlis cohorts include stormwater management, English language and STEM education classes, and alternative energy using biofuels. The work and documentation that Magann and her team completed over these initial five weeks in Brazil laid the groundwork for future Pavlis teams to continue to help the people of Belem.

Magann (front, right) in Belem, Brazil for her Pavlis Honors College immersion experience.

Magann hails from Norton Shores, MI and is in her fourth year at Michigan Tech. While her focus is in water resources as a Civil Engineering major, her passion is teaching design thinking. IDEO CEO, Tim Brown describes this methodology and mindset, “Design Thinking 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.” Magann has also been an integral part in helping get the new Innovation Center for Entrepreneurship (ICE) established at Michigan Tech. Director of Global Leadership and Co-Director of the Innovation Center for Entrepreneurship, Mary Raber stated, “Magann has really embraced the intent of the Pavlis Honors College by taking advantage of all that Michigan Tech has to offer in order to gain the most from her educational experience. Participating in the University Innovation Fellows program, spending five weeks living and working in Brazil through the Global Leadership pathway, and helping to lead the new makerspace, are just a few of the ways Magann is making a lasting impact at Tech.”

Magann crowned at the 2017 Michigan Tech Homecoming.

Having attended Tech’s Summer Youth Program (SYP) in 2012 and 2013 as a high school student, Magann wanted to give back by becoming an SYP counselor herself. Working for the Innovation Center for Entrepreneurship and in collaboration with SYP, Magann developed and taught a design thinking-related summer camp called World of Design. Through the success of this initiative, Magann was also able to offer after-school classes to elementary and middle school-aged children called Discovering Your Creative Confidence and Inner Maker. Magann is the Vice President of MUB Board and was recently crowned Homecoming Royalty. Magann is an avid bowler, a diehard Detroit Tigers fan, and loves exploring the outdoors.

I-Corps Site Program at Michigan Tech

Published December 12, 2017

By

The Michigan Tech I-Corps Site Program and the Innovation Center for Entrepreneurship will be hosting its next NSF Innovation Corps (I-Corps) Workshop beginning January 2018. Dates and times for the upcoming workshop are tentatively scheduled for Jan. 17, Jan. 24, Feb. 14 and Feb. 21 from 5pm-8pm.

The I-Corps Site program is a team-based program structure that was developed through a partnership between the National Science Foundation (NSF) and successful 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 proven tools of Customer Discovery and the Business Model Canvas to evaluate the commercial potential of innovative technologies.

This is a great opportunity to work with an experienced team of workshop leaders to determine, document, and fully realize the commercial potential of your technology. Teams which successfully complete the program requirements are eligible for $2500 to advance their technology-focused start-up ideas through customer discovery and prototyping. Teams also become eligible for NSF’s National I-Corps program which includes $50,000 in funding.

Participants of I-Corps Site programs and NSF’s National I-Corps have demonstrated significantly higher funding rates from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer Research (STTR) programs which offer Phase I awards up to $225,000 and Phase II awards up to $750,000. Past participants also report that the I-Corps program had a positive impact on their careers, as well as their approach to research, teaching and mentoring.

Mechanical Engineering Assistant Professor, Dr. Andrew Barnard commented on his experience with I-Corps, “Our participation in the I-Corps Site Program at Tech helped us to understand our potential customers and get answers to questions that will steer our research for years to come. It has propelled us to the National I-Corps Program where we’re excited to learn more from our customers about our product idea.”

Apply today for this great experience. For more information on the Michigan Tech I-Corps Site Program or to apply for the January workshop, visit mtu.edu/honors/ice/icorps/.

Tag: innovation