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Stevens Institute of Technology
Stevens Institute of Technology
Stevens Institute of Technology

The New Technology Transfer Process



Phase 1: Market Focused Invention


Focus
Integrate market perspective into the technical invention process, to add the “market-pull” to the “technology-push” invention process.
Addressed Problem:
Universities lack relevant market related knowledge
Objectives:
  • Stimulation of market-focused and market-motivated inventions and research.
  • Insight into market-based technology trends, environmental regulations.
  • Creation of market awareness on the inventor’s side
Process:
Market information input:
  • E2-Workshops, E2-Seminars and E2-Conferences
Building latent market awareness and basic understanding:
  • Faculty and Students will attend E2-Events.
  • E2-Curriculum: Entrepreneurship and business courses for engineering and science curricula.
Information and knowledge dissemination

Phase 2: Innovation Conception & Selection


Focus
Evaluate the technical potential of e-inventions and select those inventions with promising market potential. Find champions or mentors who are willing to bring the invention to the market.
Addressed Problem:
Most faculty and students are not entrepreneurs.
Objectives:
  • Evaluation and selection of e-inventions
  • Creation of e-business concept & business idea validation
  • Partnering for e-innovations
  • Formation of the management team
Process:
Evaluation and selection of e-inventions:
Faculty and E2 partner network will evaluate the “e-inventions”.
Partnering for e-innovations:
E2-board, E2-Mentors
Creation of e-business concept:
E2-Workshops, the E2-Seminars and the E2-Conferences.

Phase 3: Innovation Venturing & Exploitation


Focus
Start of a successful new CleanTech-venture or exploitation of the innovation by established industry partners.
Addressed Problem:
Finding human and capital resources
Objectives:
  • Funding of prototyping
  • Creation of new ventures and development of a funding strategy.
  • Nurturing the venture into an IPO or an acquisition.
Process:
Prototype selection and funding:
Presentation at E2-Workshops, E2-Conferences and the E2-Seminars
Start-up creation and seed capital:
Business plan presentation to network partners.
Early stage capital
VC contacts by partners.