Computer Engineering Commercialization

and Innovation

Prof Doug Lyon, dlyon@fairfield.eduECE – The new Programs

June 20122.4

The ECE 5 Year MS Program

Proposal is “under consideration” 2 degrees in 5 years• Computer Engineering BS + ECE MS OR• Electrical Engineering BS + ECE MSCE and EE are ABET accreditedThe MS is the NEW NORMAL in Engineering!

5MB, 1975, $5000 ($20,000)

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RAMAC 305 5MB, 1956, $200,000 ($1.5mm)

Computer Engineering Commercialization

and Innovation

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Fulfilling Student Needs

Simplified graduate school admission 10 Domain areas

Product Design, Architecture, Systems, Communication, Power, Biomedical, Nano, Signals, Embedded Systems, Enterprise

Computing

Knowledge for a new age

Technological Leadership Engineering Entrepreneurship Provides intellectual capital 13.6% in 25-34 age group has MS CT ranks 3rd in country

Cost Analysis

financial advantages - $38k/yr (excluding r&b, full-time)

Avg Salary by education level HS - $67k BS - $79k MS - $93k SRC: Dice.com(each degree worth 17%). Work for 40 years, earn an extra $1MM over a

person with a HS degree, on AVG

Roles

•Aerospace•Computer Industry•Finance Industry

•Manufacturing Industry•(Active placement of interns and graduates)

•Almost all placed before graduation

How many ABET programs in USA?

• 298 ME• 297 EE• 258 CS• 170 CpE• 73 BME• 21 SE

What do computer engineers learn? (src: 2011;Dice.com)

• Java Pro (14.7k jobs up 50% YOY, avg earner: 91k$)

• Project Mant (12.5k jobs, up 50% yoy,avg $100k) (Avg slry in CT:83k$)

• avg 4-year engineering degree, 78k$• Bus degree: 42k$(src CNN)liberal arts graduates - $32(src CNN)

CT, The Place to be:

• The total gross state product for 2010 was $237 billion.

• The per capita income for 2007 was $54,117, ranking first among the states.

• Computer Engineers - $92k• Computer Programmers - $90k• Mechanical Engineers - $83k • Electrical Engineers - $82k

• BLS.gov

For 2011, what’s the biggest concern you have about your career?

• Keeping Skills Up-to-Date / Being Valuable to Employer 14%

• Increased Outsourcing 5%• SRC: Dice.com• Dice Salary Survey was administered online

with 19,798 employed technology professionals from the Dice community responding between August 31 and November 15, 2010.

Crowdfunding The new Model of Entrepreneurship

Innovation+Commercialization

Crowdfunding• Make a prototype: Make a video: File a patent

application.• Post on internet with pricing, funding goal, and

funding deadline (e.g. 30 – 60 days).• Promote it: Promote it: Promote it!!!!!• Take committed orders guaranteed by credit card.• If you do meet your funding goal by funding

deadline, everyone gets charged, you get $, you make and deliver the product.

• If you don’t meet your funding goal, no one gets charged, you cry in your beer, and it’s back to the drawing board.

Example:

What Does it Take to be Successful?• Planning & Preparation – perhaps for a year• Prototype made• Production facilities lined up• Video – good but not too good• Business plan – break even, make money on licensing

• Media coverage• Social Network – blogs/forums/moderators• Commercial – Gizmodo/Techcrunch /FastCompany/Huffpost /NYT

• Wide range of award offerings ($1 to $1,000) with good rewards• Cool Factor – Inspiration Factor – Public Service Factor• Already be successful• If at first you don’t succeed, try try again.

Devin MontgomeryPittsburgh PA

Recent graduate

563 Backers $60,642 pledged of $20,000 goal

Backcountry Boiler: Hot water from found fuel

TiGr: Titanium Lock as Cool as your Bike

Bob and John Loughlin, Inventors, Engineers, Entrepreneurs, Lock

Enthusiasts, Bike Riders, Father and Son

740 Backers$108,065 pledged of $37,500 goal

TikTok+LunaTik Multi-Touch Watch Kits

Scott Wilson is the founder of Chicago-based MINIMAL, a studio whose diverse work spans industries ranging from technology, interaction and consumer products to fashion, furniture and environments.

13,512 Backers$942,578 pledged of

$15,000 goalLicensed to Apple

Chinese knockoff $20

Original $50

• Crowdfunding is an effective new way to raise money for initial product production.

• Success depends upon good product design, meticulous planning, extensive promotion, and, as with many things in life, tireless persistence.

Bottom Line

Fundamental Laws• Moore’s Law – computer speed increases T n

• Metcalf’s Law – network value increase N x

• Reed’s Law – Group of size n will have subgroups of 2n

NAFTA193191158

ASIA132118135

EUROPE163177189

Fortune 500200020052009

• Crowdfund does to VCs what• The Web did to the Newspaper• Speed=the killer app• Paul Julius Reuter used homing pigeons (filling a gap

in the telegraph network)• FREELANCER.COM – the global meat market!

Intelligence is a Global Resource