The Enterprise Development Laboratory Enhancing Regional Technology Commercialization Maria Meyers, Managing Director Institute for Entrepreneurship and Innovation Henry W. Bloch School of Business and Public Administration University of Missouri – Kansas City`

The LEAD Model L earning E mpowering through Research A ccelerating Commercialization D elivering to the Community I E I Entrepreneurship in the Classroom Entrepreneurship in the Community Entrepreneurship Research

Accelerating Commercialization Enterprise Development Laboratory KC Research Organizations Corporate and Other Sources Initial Screening by faculty, staff and advisors Student Teams Evaluate & Select Ideas/Technologies Student Teams Evaluate and Develop Business Concepts Institute Fellows Students in the degree program s Evaluation and selection by investors, students, and advisors Students await decisions on the commercial viability of the venture Students manage the new ventures as shadow managers Outcome: Start-up, go to incubator, or Stop? Students’ Role UM Research Centers Mentoring by the expert-in- residence and advisors 1. Boot Camp: Business Idea Competition 2. Mining for Real World Technologies 3. Business Model Development through Entrepreneurship Curriculum 4. New Venture Challenge Competition 5. Student Incubator 6. Business Development Programs “Before graduation, students from all disciplines will create and run a company. They will graduate with a toolbox, a road map, and real experience.”

Boot Camp 3 credit hour, 4 weekend class complete with idea competition Team taught between Engineering, Law and Business Students from many disciplines – freshmen through PhD Idea Generation Sprint provides criteria for new product Students build feasibility plans Competition winners win phone service Boot Camp – The Sprint Connection Boot Camp Winners 2006

Technology Mining Where oh Where Can Technology Be Found? Our University Their University Research Institutes Hallmark Cards (!) Business Outreach Programs

Technology Mining CompanyTechnology Porter Smart Box United States SemiconductorQuantum Fingerprint Sensor United States SemiconductorCompact Nuclear Battery National Renewable Energy PowerView Semi-Transparent Laboratory Photovoltaic-“Smart Glass” Brown MedicalFlexense UMKCBone testing device University of KansasHelical Screen Movement System KU Medical CenterOral male contraceptive KU Medical Center Health informatics and Curriculum

Building Business Models Undergraduate, graduate and.,. EMBA venture creation classes Team taught between engineering,. law, business Community mentors through Experts-in-Residence program Business outreach program support

Lessons Learned NDA’s provided by technology owners are not usually appropriate for student projects Small businesses will invest more time with teams to develop technologies It works! BoneMetrics – an example of a system that works.

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