Liz Kisenwether

1
Innovation Showcase (I-Show) Update ASME Summer
Annual Meeting
Liz Kisenwether Penn State University Howard
Berkof ASME
2
Engineering Entrepreneurship Innovation
Initiative

• Purpose
• House, promote, manage, and sequence engineering
  entrepreneurship activities
• Engineers in workforce, college students and K-12
• Identify and address gaps wherever they exist
• Connect component parts of engineering
  entrepreneurship development systems
• Lead other engineering associations to be
  involved in entrepreneurship and innovation

3
Center for Engineering Entrepreneurship
Innovation (CEEI)

• Vision
• To promote engineering entrepreneurship and
  innovation as both a critical ingredient to U.S.
  competitiveness and as a solution for the
  shrinking workforce pipeline.
• Provide engineers with the skills and vision
  to be the innovation leaders of the 21st century
• Mission
• Build upon ASMEs 125-year history of
  engineering excellence to foster engineering
  innovation, entrepreneurship, global
  competitiveness and technology-based economic
  development

4
Steering Committee

• Chairman
• John Ahlen, Ph.D., President Arkansas
  Science Technology Authority
• Chris Przirembel, Ph.D., Vice President for
  Research and Economic Development Clemson
  University, International Center for Automotive
  Research
• Julio Guerrero, Senior Research Scientist,
  Schlumberger-Doll Research
• Loretta McHugh, Quality Engineer, Henke Sass Wolf
  of America, Inc.
• Andrew J. Sherman, Esq., Partner, Dickstein
  Shapiro LLP
• Founder Grow Fast Grow Right, LLC
• Phillip J. Weilerstein, Executive Director,
  National Collegiate Inventors and Innovators
  Alliance

• Steven P. Nichols, Ph.D., Associate Vice
  President for Research, University of Texas at
  Austin
• Founder Idea2Product Competition
• Capers McDonald, Entrepreneur in Residence, Johns
  Hopkins University
• Richard Bendis, President CEO, True Product ID
• Elizabeth Kisenwether, Assistant Professor,
  Director of Engineering Entrepreneurship Minor,
  Penn State University
• J. Reese Meisinger, Managing Director, Strategic
  Initiatives, ASME

5
Goals of CEEI

• Promote engineering entrepreneurship and
  innovation
• Link entrepreneurial and innovative behavior to
  educational and career pathways
• Catalyze training, education, and on-going access
  to competency programs
• Provide both knowledge content and access to
  resources
• Enhance the engineering profession while serving
  our nations competitive needs

6
Key CEEI Activities 2006/2007

• Engineering Entrepreneurship Innovation Forum
  at IMECE 2006 2007
• Developed an Innovation Intrapreneurship course
  for the Science, Engineering, and Technology
  community
• Initiated an Innovation Benchmarking study with
  APQC and IBM
• Placed an Engineering Entrepreneur Fellow at the
  Department of Labor
• Created and kicked-off the Innovation Showcase
  (I-Show) A technology commercialization
  competition

7
http//www.asme.org/events/ishow
8
Vision / Mission

• Vision
• To be the premier nation-wide technology
  entrepreneurship showcase event to
• inspire engineers and future engineers
• to be product and corporate innovators.
• Mission
• Collaborate with existing entrepreneurship and
  corporate innovation organizations to provide
  services and support so engineers can move their
  ideas into world-class products and ventures.

9
Overview

• First I-Show ASME Congress/Seattle, Friday Nov
  9, 2007
• Competition for collegiate teams to display and
  present their technological innovations to an
  audience
• Judges decide the best and most feasible ideas
• Winners receive seed funding and additional
  product and start-up support
• Team support
• Mentors / coaches Entrepreneurs, Angels, Venture
  Capitalists, Technology Experts
• Attend NCIIAs Invention to Venture (I2V)
  workshops
• Collaborating Organizations
• National Collegiate Inventors Innovators
  Alliance (NCIIA)
• Idea to Product (I2P) - U of Texas at Austin

10
Judging Criteria

• Describe the problem to be solved
• Define the Product / Service idea and how it
  solves the problem
• Describe the key technology, intellectual
  property IP plans
• Prototype Proof of Principle
• Competitive analysis and competitive advantage

6. Who are the early buyers (early adopters /
visionaries), and the later buyers / users
(pragmatists) who only buy gt 1 year? 7. Financials
How will the product make money?
11
Support for I-Show Teams

• Mentors Provide advice and guidance in areas of
  entrepreneurship, manufacturing, financing and
  budgeting, management help link the teams into
  their local economic development support system.
• ASME member network
• Corporate sponsors
• NCIIA network
• Regional Economic Dev. Boards
• Seed venture funds
• Entrepreneurship networks
• University alumni networks
• Intellectual Property (IP) I-Show teams get
  counseling on IP what it is, how to protect it,
  and how to make IP a key part of the business
  model success.
• IP law firms
• ASME member network

12
Development Plan

• Stage I Collegiate Competition
• November 2007 ASME Congress - Seattle
• June 2008 ASME Annual Meeting - Orlando
• Stage II Collegiate Professional Competition
• June 2009 ASME Annual Meeting
• Stage III National Student Professional
  Competition
• 2010 2014 (4) Regional Competitions ASME
  Annual Meeting
• New Track Specific industry technology
  challenge, such as energy, water, or aerospace.
  These challenges will reflect the current world
  trends and needs.
• Stage IV National Collegiate, Professional
  High School Competition
• 2015 (6) Regional Competitions ASME Annual
  Meeting

13
http//www.invention2venture.org
14
I-Show Update

• February March 2007 Student teams recruited to
  submit one-page product/service summaries 13
  entries.
• April 24 Top 10 teams selected (next slide)
• April - June
• Help develop local mentor network for all teams
• Ensure student teams attend NCIIA I2V Workshop (1
  day) or Advanced I2V Workshop (3 day) before
  Sept. 2007.
• Sept. 21 all teams submit 5 page
  Product/Service Plan

15
2007 I-Show Teams

• First-Incident Response Equipment Texas AM
• Hubless Windmill St. Louis Uni.
• Diabetic Foot Monitoring Device Rensselaer
  Polytech
• Greensulate Rensselaer Polytech
• i-conserve Penn State

• NanoTaxi UT-Austin
• Plastic Mesocumbustors Wash. State
• Retractable Hydrofoil Kits Wash. State
• Portia-Eye Microchannel Heat Sinks Oregon St.
• Sleep Sound Uni. of Idaho

16
I-Show Update, cont

• I-Show Judging on Friday, Nov. 9
• Judges convene for 1 hour to review discuss
  Product/Service Plans 60 minutes student teams
  at their I-Show booths
• Each team does 7 minute pitch presentation 2
  minute QA. 100 minutes
• Judges visit teams booths see prototypes, ask
  final questions 20 minutes
• Judges deliberate for up to 1 hour 60 minutes
  teams still at booths for public interaction
• Award presentations to top 3 teams

17
Other Key I-Show Events at Congress

• Saturday Nov. 10 NCIIA Invention-to-Venture
  (I2V) Workshop
• Sunday Nov. 11 Early Career Forum Student
  Design Competition
• Monday Nov. 12 Early Career Development
  Symposium

18
I-Show 2008 at GAM (Orlando)

• Short time window!
• Already recruiting teams
• one-page summaries due
• Dec. 2007.
• I-Show website with latest information
• June competition captures Spring 2008 semester
  teams
• Solid publicity channels through NCIIA, ASEE

19
Questions and Discussion
Thank You!

• Liz Kisenwether
• exk13_at_psu.edu
• Howard Berkof
• hberkof_at_mba2007.hbs.edu