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iDEA Institute A CWRU initiative for change

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Post on 10-May-2015

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This is a new effort at CWRU coming out of the Engineering school

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Page 1: iDEA Institute

iDEA Institute

A CWRU initiative for change

Page 2: iDEA Institute

Vision• Inspire and facilitate:– CWRU Students– CWRU Faculty– Outside Partners

• to Create great:– Products– Services

• and an Entrepreneurial Culture

Page 3: iDEA Institute
Page 4: iDEA Institute

Entrepreneurial environment

• Students involved in active projects• Expand curriculum for entrepreneurial studies• Create a semi-exclusive club – support network• Produce bootcamps, unconferences, live events• Provide access to experienced and successful

entrepreneurs

Page 5: iDEA Institute

• On-line tools• Virtual teamwork• Peer review

• Leave no student behind• Mentoring in many forms• Nothing wrong with failure

Culture of Innovation, Collaboration and Risk Taking

Page 6: iDEA Institute

iDEA = the “NEW” CWRU• iDEA = new ideas, networking activities,

inter-disciplinary approach• Put together deals and projects• Produce live events – of all shapes and sizes• Break down the fiefdom walls• Use iDEA to differentiate

Page 7: iDEA Institute

New kinds of Events

Page 8: iDEA Institute

Unconferences, Workshops

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In depth work groups

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New iDEAs formulated

Projects produced, Products shipped

Page 11: iDEA Institute

Integrated platform

• Synergistic approach to tools, collaboration and project management

• Virtual platform – can be accessed anywhere• Connect disparate departments, institutions

and partners with students• Combine:– Academic– Business– Social/Economic efforts

Page 12: iDEA Institute

On-line tools

• Social Network/Dashboard• Google Sites, Docs and Apps• Skype• Wiki• Open:– APIs (application programming interface)– Data– Source– Standards– Ideas

Page 13: iDEA Institute

Put together Deals• Work with high level professionals, designers• Cherry pick best projects• Put together team:– Product Engineering– Productization– Marketing/Sales– Project Management

• Leverage Tech Transfer• Find funding• Sell products and services

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Identify low hanging fruit

• Many projects are ready to go:– Medical– New Materials– Energy– Job Creation

• Use seed money to get these projects going• Get students involved• Then find funding for each project• Apply for Fed grants, based upon early successes

Page 15: iDEA Institute

Develop Student projects• Identify the best student iDEAs• Put together deals by matching student

interns to mentors and experts• Get students assigned to projects, learn the

ropes by assisting experts• Students go through the entire productization

process, learn by doing• We help find funding for their projects

Page 16: iDEA Institute

Schedule• Q1 ’10

– Form/Announce, initial events, recruit students, define the platform– Put together first deals, first teams formed, on-line tools available

• Q2 ’10– First projects started, networking events produced, first success– Large funding applied for, bigger deals put into place, Lab Director hired

• Q3 ’10– First projects shipped, more events, lab construction started– Larger projects funded, second round of recruiting, refined tools

• Q4 ’10– Partners and deals announced, evidence of success, weekly events– Program expands, open ‘sandbox’ lab, regional alliance forms

• Q1-Q2 ’11– Over 100+ student entrepreneurs, large projects start to ship– On-going multiple projects, multiple alliances and partners

• Q3-Q4 ’11– iDEA Culture appears, CWRU becomes a place to come to invent things