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ENGRĀ 5302. ENGINEERING ENTREPRENEURSHIP. 3 Hours.

Topics include special problems of newly formed firms, planning, start-up business considerations, business strategy, management basics, and business plan design. Students will engage in business and entrepreneurship training and discussion, become aware of basic business operations, and learn about inventions, intellectual property, and the patenting process. Other topics include assessment of possible markets, venture feasibility, teambuilding, and leadership. Opportunities in university environments will be discussed including incubation centers and patent licensing. We address legal issues, Small Business Innovation Research (SBIR) proposal design, SBIR funding from the National Science Foundation (NSF), National Institutes of Health (NIH), and others. Additional topics include the proposal review process, grant reporting, local high-tech business accelerators, angel-group funding, venture plans, and venture capital. Classes will feature lectures from engineering and business faculty as well as presentations by successful entrepreneurs.