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ENERGY, ENVIRONMENTAL AND CHEMICAL ENGR (E44)  (Dept. Info)Engineering and Applied Science  (Policies)SP2021

E44 EECE 480Entrepreneurial Engineering in Energy, Environmental and Chemical Engineering3.0 Units
Description:Quality education with a background in engineering and science can lead engineers to create innovations with high potential value. Nevertheless, unlocking value from innovation is not an entirely intuitive enterprise, nor is success guaranteed. This course is created to better prepare students for a future of innovation and entrepreneurial success. The course outline comprises three-phases of entrepreneurship: including the creative phase, critical phase, and crusader phase, and endeavors to bring useful skills and practical experiences relevant to each phase. Each week will include a brief presentation to set the direction, followed by short discussions of the assigned case studies [1] and review fundamental principles from the core text [2]. Student teams will regularly present work to the group, create success metrics, and chart progress. The Creative Phase: The class will work in small groups to create a new business concept. Students will learn brainstorming techniques, leadership, teamwork, and business model innovation. With core values set as a foundation, teams will present their proposed business models and rational basis for income forecasting. The Critical Phase: The class will identify and challenge assumptions to assess commercial viability. Students will find third party market research to size-up the opportunity and gather real customer feedback to refine their strategy. Skills gaps will be appreciated and negotiated solutions sought. Financial and growth metrics will be established to measure success, and threats faced. Students will present their SWOT analysis (strengths, weaknesses, opportunities, and threats) and link this to their revised strategy (business model). The Crusader Phase: The students will learn what is "acceptable risk" and develop a growth mindset (contrast with fixed mindset), gain power from emotional intelligence, deal with failures (decide to pivot or punt), and learn the difference between ideation and implementation. Students will make progress and get the word out. Students will prepare a short proposal for grant funding or investment with a suitable income stream. By the end of the semester, the students will know how to create business model, how to work with teams, to assess commercial viability, to establish a rationale for financial forecast, to assess skills and resource gaps, to negotiate to fill in gaps, and learn to write high-level proposals. Students will demonstrate their knowledge through written submissions and oral presentations.
Instruction Type:Classroom instruction Grade Options:CP Fees:
Course Type:HomeSame As:N/AFrequency:None / History
SecDays       TimeBuilding / RoomInstructorFinal ExamSeatsEnrollWaits
01M-W----6:00P-7:30PTBAReardonMay 10 2021 6:00PM - 8:00PM2000
REG-DelayStart: 1/25/2021   End: 5/13/2021


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