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Technical Entrepreneurship (TE) through
  Integrated Product Development (IPD)

         Professor John B Ochs, Ph D
       Lehigh University, Bethlehem, PA

                NCIIA Open 2012
Lehigh’s IPD Program


• Started in 1994
• 18 years of a not-so-quiet revolution in education
• Truly interdisciplinary in students & faculty
   – business, design arts, engineering, education
• Pre-college through graduate
• Collaboration with industry throughout
   – planning
   – projects
   – sponsorship
• Aims to create an environment for fostering student
  technology entrepreneurs
IPD Program Tenets


• Innovation, fueled by creativity, is an important
  economic development engine
• The greatest opportunity for innovation occurs at
  the intersections of disciplines
• Innovation is a process that can be imitated by
  experiencing it.
• The greatest chance for economic success comes
  from a diverse interdisciplinary globally-oriented
  team experiencing an innovation process.
• Entrepreneurs are needed to lead these teams,
  assess the opportunity, take on the risks, manage
  the development process and find the resources
  needed to launch the new ventures.
Our Program Vision


It is our vision to create and foster an
environment, culture and community
that is imaginative, creative, innovative,
diverse, interdisciplinary, experiential
and globally oriented, morally and
ethically grounded, technologically
savvy and entrepreneurially focused.
Educational Approach


• Use cross disciplinary teams and develop
  teamwork experience
• Seek alumni and industry sponsorship and help
• Provide opportunity for student entrepreneurs
• Guide teams through a IPD process
• Emphasize the experience with outcomes
  needed but of secondary importance
• Emphasize modeling and simulation
• Emphasize prototype development
• Emphasize oral & written presentation skills
Product Development
                        Methodology

• Encourage Student Entrepreneurs through campus-
  wide “Student Entrepreneur’s Competition”
• Team with local startup companies and alumni
• Industry sponsors for product and process
  improvement
• Follow the IDEO “Deep Dive” process
• Use truly multi-disciplinary teams
• Use faculty as “guides on the side”
• Encourage risk taking – “wow” effect
• Learn from and publish failures
• Rely on extensive support infrastructure– labs & staff
IPD Overview: Level #1

    Innovation is the economic engine driving the
             creation of societal wealth
          Other
                                                Revenues




                                                                Paying Customers
          Purposes

              Investment in Innovation
                                                     Products
       Innovation
         Engine             Manufacturing
                                                     Services



People and businesses invest in new products because the expected yield
   in long term growth and profits is greater than other alternatives
IPD Overview: Level-2

                Project and Process Management
                              Manufacturing
                              Development
                                              Manufacturing
                Conceptual         3            Ramp-up         Sales,
Opportunity     Design &        Product                       Service &
 Scanning        Product
                 Planning
                              Development           4          Support
                                                  Market
                                   3           Introduction      5
   1
                   2            Market
                              Development
                                                    4
                             3
              Documentation and Data Management
                                          8
IPD Tasks & Deliverables

• Company & Industry        • Concept generation/ selection
  Research                  • Detailed Design description
• Customer needs            • Prototype design &
• Competitive                 development
  benchmarks                • Prototype testing
• Target markets            • Production planning
• Marketing strategies      • Market Planning
• Target pricing            • Cost & cash flow analysis
• Target specifications &   • Value statement
  constraints

       Oral & poster briefings & written reports
IPD Capstone Project
                         Statistics

• >200 Industry Sponsors
• >1500 students in over 175 project teams
• 2011 Capstone Courses: 30 teams and 193 students
• Average of 13 faculty advisors per year
• Projects from a) companies, b) local entrepreneurs, c)
  student entrepreneurs
• Contacts made through Lehigh’s Career Services,
  Corporate Relations, Alumni, SBDC & Ben Franklin
  Center
• 13 CONSECTUTIVE YEARS of NATIONAL WINNERS
  for student technology entrepreneurship: NCIIA E-team
  and program development grants $13K-$25K
Powerhouse: Entrepreneurial
  Student Project Center
Thank you!
For more information go to:
      www.lehigh.edu/ipd/
   www.lehigh.edu/innovate/
www.lehigh.edu/entrepreneurship/

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Open2012 technology-innovations-disabilities-lehigh

  • 1. Technical Entrepreneurship (TE) through Integrated Product Development (IPD) Professor John B Ochs, Ph D Lehigh University, Bethlehem, PA NCIIA Open 2012
  • 2. Lehigh’s IPD Program • Started in 1994 • 18 years of a not-so-quiet revolution in education • Truly interdisciplinary in students & faculty – business, design arts, engineering, education • Pre-college through graduate • Collaboration with industry throughout – planning – projects – sponsorship • Aims to create an environment for fostering student technology entrepreneurs
  • 3. IPD Program Tenets • Innovation, fueled by creativity, is an important economic development engine • The greatest opportunity for innovation occurs at the intersections of disciplines • Innovation is a process that can be imitated by experiencing it. • The greatest chance for economic success comes from a diverse interdisciplinary globally-oriented team experiencing an innovation process. • Entrepreneurs are needed to lead these teams, assess the opportunity, take on the risks, manage the development process and find the resources needed to launch the new ventures.
  • 4. Our Program Vision It is our vision to create and foster an environment, culture and community that is imaginative, creative, innovative, diverse, interdisciplinary, experiential and globally oriented, morally and ethically grounded, technologically savvy and entrepreneurially focused.
  • 5. Educational Approach • Use cross disciplinary teams and develop teamwork experience • Seek alumni and industry sponsorship and help • Provide opportunity for student entrepreneurs • Guide teams through a IPD process • Emphasize the experience with outcomes needed but of secondary importance • Emphasize modeling and simulation • Emphasize prototype development • Emphasize oral & written presentation skills
  • 6. Product Development Methodology • Encourage Student Entrepreneurs through campus- wide “Student Entrepreneur’s Competition” • Team with local startup companies and alumni • Industry sponsors for product and process improvement • Follow the IDEO “Deep Dive” process • Use truly multi-disciplinary teams • Use faculty as “guides on the side” • Encourage risk taking – “wow” effect • Learn from and publish failures • Rely on extensive support infrastructure– labs & staff
  • 7. IPD Overview: Level #1 Innovation is the economic engine driving the creation of societal wealth Other Revenues Paying Customers Purposes Investment in Innovation Products Innovation Engine Manufacturing Services People and businesses invest in new products because the expected yield in long term growth and profits is greater than other alternatives
  • 8. IPD Overview: Level-2 Project and Process Management Manufacturing Development Manufacturing Conceptual 3 Ramp-up Sales, Opportunity Design & Product Service & Scanning Product Planning Development 4 Support Market 3 Introduction 5 1 2 Market Development 4 3 Documentation and Data Management 8
  • 9. IPD Tasks & Deliverables • Company & Industry • Concept generation/ selection Research • Detailed Design description • Customer needs • Prototype design & • Competitive development benchmarks • Prototype testing • Target markets • Production planning • Marketing strategies • Market Planning • Target pricing • Cost & cash flow analysis • Target specifications & • Value statement constraints Oral & poster briefings & written reports
  • 10. IPD Capstone Project Statistics • >200 Industry Sponsors • >1500 students in over 175 project teams • 2011 Capstone Courses: 30 teams and 193 students • Average of 13 faculty advisors per year • Projects from a) companies, b) local entrepreneurs, c) student entrepreneurs • Contacts made through Lehigh’s Career Services, Corporate Relations, Alumni, SBDC & Ben Franklin Center • 13 CONSECTUTIVE YEARS of NATIONAL WINNERS for student technology entrepreneurship: NCIIA E-team and program development grants $13K-$25K
  • 11. Powerhouse: Entrepreneurial Student Project Center
  • 12. Thank you! For more information go to: www.lehigh.edu/ipd/ www.lehigh.edu/innovate/ www.lehigh.edu/entrepreneurship/