6/4/10 the nciia venture capital
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04/10/23
The NCIIA Venture Capital at Rowan University
Anthony J. Marchese, John L. Schmalzel,
John C. Chen, T.R. Chandrupatla, Kevin Dahm, Shreekanth A. Mandayam, Ravi P. Ramachandran, and Paris von
Lockette
Rowan UniversityCollege of EngineeringHenry M. Rowan Hall201 Mullica Hill Rd.
Glassboro, NJ 08028
2000 ASEE Annual Conference & Exposition
St. Louis, MO, June 2000
ROWANUNIVERSITY
http://engineering.rowan.edu/~marchese
ROWANUNIVERSITY
OverviewThe NCIIA Venture Capital Fund at Rowan
History of Rowan University
The Engineering Clinic SequenceFour years (8-semesters) of design
R.A.P.I.D.
The NCIIA Venture Capital Fund
Example Projects
Summary and Discussion
ROWANUNIVERSITY
Rowan University
The comprehensive state university of Southern New Jersey.
Located in Glassboro, NJ. Founded in 1923.
University renamed in honor of Henry Rowan after $100 million gift in 1992 to create the College of Engineering.
Rowan University consists of six collegesBusinessCommunicationEducationEngineeringFine and Performing ArtsLiberal Arts and Sciences
Who we are...
ROWANUNIVERSITY
History and Background
The Gift
Four Departments: Civil and Environmental Engineering
Chemical Engineering
Electrical and Computer Engineering
Mechanical Engineering
Henry M. Rowan Hall
The Curriculum
The Hallmarks: Engineering Clinic
Rowan Engineering
A view from the atrium at Henry M. Rowan Hall. The $30 million, 90,000 sq. ft. facility was completed Nov.1997
ROWANUNIVERSITY
Program Hallmarks
Hands on (and minds on!)
Multidisciplinary
Integrated
Value teamwork
Emphasize communication writing and public speaking faculty have been given offices in Rowan Hall
EntrepreneurshipCreate jobs in Southern New Jersey
Rowan Engineering
ROWANUNIVERSITY
The Engineering Clinic
Freshman Clinic I: Engineering Measurements
Freshman Clinic II: NSF Competitive Assessment Lab
Sophomore Clinic I: Total Quality Management
Sophomore Clinic II: Entrepreneurship
Junior Clinic: Multidisciplinary Design Project (semester)
Senior Clinic: Multidisciplinary Design Project (year)
An 8-Semester Design Sequence
Hybrid Rocket Motor
NASA G Combustion
Guitar FX Pedals
Automated Crash Notification System
C o
m p
le x
I t y
ROWANUNIVERSITY
R.A.P.I.D.Rowan Alliance for Product Innovation and Development
R.A.P.I.D. builds upon the success of Rowan Engineering Clinic in creating multidisciplinary teams of
undergraduate students, graduate students, engineering faculty, and industry professionals,
to engage in original product development enterprises.
R.A.P.I.D. is a network of experts, facilities and services geared toward assisting regional businesses and individuals in developing new products.
The goal of R.A.P.I.D. is to quickly convert ideas into products!
ROWANUNIVERSITY
R.A.P.I.D.From Idea...to Prototype...to Profitable Enterprise
Ideas Local Companies
Funded Research
SimulationIntellectual Property
Rejects
Feasibility Studies/Prototypes
The Engineering Clinic
Rapid Prototyping
Business Development
Technology Enterprise
Licensing
E-commerce
Market Studies
Venture Capital
Business Planning
Master’s Thesis
Training
Modeling
J. Q. Public
Faculty
Students
R.A.P.I.D.
ROWANUNIVERSITY
R.A.P.I.D.Electromechanical product realization process
DesignCaptureSimulate
FPGA
DesignCaptureSimulate
TestPCBStuff
BreadBoard
RequirementsCapture
ConceptModel
(ACTUA)
ConceptualDesign
ParametricDesign
(Solid Works,FEA)
PDA
Unix
Target
SoftwareDevelopment
Prototype(SLA)
PC
Internet
controller
ConfigurationDesign
(Working Model)
Analog
Test
SystemPrototype
Mechanical
Software
Digital
PCBDesign
ASIC Foundry
DesignCaptureSimulate
MEMS
PSPICE/Mentor Graphics
Mentor
XilinxMentor
Tanner Tools
CASE Tools
QuickCircuit
Prototype(CNC)
EmbeddedPC
Test
PCB Manufacture
Shown: ACN Systemdeveloped at Rowan.
ROWANUNIVERSITY
R.A.P.I.D.Resources for Rapid Product Development
The following resources are available for Rowan student teams:
NSF Competitive Assessment Laboratory
3-D Systems SLA-250 Stereolithography Machine
Actua 2100 MJM rapid concept modeler
QuickCircuit rapid circuit prototyping machine
Student machine shop featuring CNC tools
Pro/ENGINEER, Solid Works, AutoCAD, FLUENT, PSPICE, Working Model 3D, Mentor Graphics, etc.
Competitive Assessment Lab
SLA Machine
Student Shop
ROWANUNIVERSITY
Project Sponsorship / Fundinglocal industry
faculty research grants
departmental budgets
Some Recent Projects Automated Crash Notification System
Guitar Effects Pedals
Human Powered Stair Climber
Stair Lift Rapid Product Development
Road Towable Trailer for Garden Rental Equip.
R.A.P.I.D. Product Development in the Engineering Clinic
Stair Lift Project
FX Pedals
ACN System
ROWANUNIVERSITY
Junior / Senior Clinic
What’s often missing?the spirit of invention, innovation and entrepreneurship.
How do we promote these ideals? provide students with the opportunity to propose their own original inventions
provide real funding for development of the invention.
What is the appropriate vehicle?The Venture Capital Fund for the Rowan Engineering Clinic
Innovation and Entrepreneurship
ROWANUNIVERSITY
Junior /Senior Clinic
The Venture Capital Fund has been initiated by three successive NCIIA Grants.
Funding of up to $2500 per team is awarded to student teams based on a competitive proposal process.
To be funded, a team must:
be multidisciplinary
organize into a corporate structure and submit a business plan.
appoint a project director from Engineering and an industry advisor
describe an original product idea that can be successfully designed and prototyped in a single semester.
The Venture Capital Fund
ROWANUNIVERSITY
The Venture Capital Fund
The following rapid product development projects have been sponsored to date:
Portable MP3 Player,
3COM Palm® RS232 Protocol Analyzer,
Automated Synchronized Spinning Exercise Cycle,
Coating Thickness Monitor,
Linear Combination Guitar Effects Processor,
Hybrid Rocket Motor Demonstrator,
Dorm-Sized Air Conditioner, and
Articulated Leaf Spring for Enhanced Four-Wheel Drive Suspension.
Rapid Product Development Projects
ROWANUNIVERSITY
E-Team Product Development
Proposal: pressure relief system to prevent residential roof damage during high wind loading.
Funding: $2500 for Fall 1998
Team Background: Civil Engineering (3 Students)Chemical Engineering (1 Student)Mechanical Engineering (1 Student)
Research and Development:Intellectual property searchwind tunnel testing CFD modelingfull scale pressurized test bed
The Hurricane Roof Vent
ROWANUNIVERSITY
E-Team Product Development
Proposal: Develop a portable device to play CDs in multiple formats, including standard music CDs and CDs containing files in MP3 format.
Funding: $2500 for Fall 1999 (No-cost extension for Spring 2000).
Team Background:
Mechanical Engineering (1)
Electrical and Computer Engineering (3)
Research and Development:
Intellectual property search
3-D solid modeling and SLA
Computer interfacing with MP3 decoder chip
Alpha Prototype breadboard complete
Portable MP3/CD Player
ROWANUNIVERSITY
E-Team Product Development
Proposal: Develop an after-market lift kit for an SUV that eliminates torsional stress in the leaf springs.
Funding: $2500 for Fall 1999 (No-cost extension for Spring 2000).
Team Background:
Mechanical Engineering (4)
Electrical and Computer Engineering (1)
Research and Development:
Intellectual property search
3-D solid modeling and CNC
Strain gage instrumentation
Static and dynamic testing
Advanced 4WD System
ROWANUNIVERSITY
E-Team Product Development
Proposal: Develop a portable rocket test stand to market to undergraduate engineering educators.
Funding: $2500 for Fall 1999 (No-cost extension for Spring 2000).
Team Background:
Mechanical Engineering (1)
Electrical and Computer Engineering (1)
Research and Development:
Intellectual property search
3-D solid modeling and CNC
Alpha Prototype complete
Marketing - discussions are underway to license product.
Hybrid Rocket Motor Test Stand
ROWANUNIVERSITY
The Venture Capital Fund
All faculty must “sign on” and encourage students to respond to the Request for Proposals.
Misconception that all inventions are electromechanical widgets.
Some faculty members say, “I am not an inventor.”
This year: 8 of 28 faculty members supervised projects.
For students, funding does NOT appear to be a significant incentive!
This year: 8 projects were funded.
Completion of project in one semester is a challenge
No-cost extensions were granted in 5 of 8 projects.
Issues to Consider: Last Year
ROWANUNIVERSITY
The Venture Capital Fund
The patent process continues to be a challenge.
How do we complete the process of bringing a product to market?
Industrial partnerships?
Issues to Consider: This year
Ideas Local Companies
Funded Research
SimulationIntellectual Property
Rejects
Feasibility Studies/Prototypes
The Engineering Clinic
Rapid Prototyping
Business Development
Technology Enterprise
Licensing
E-commerce
Market Studies
Venture Capital
Business Planning
Master’s Thesis
Training
Modeling
J. Q. Public
Faculty
Students
R.A.P.I.D.
ROWANUNIVERSITY
Acknowledgments
The venture capital fund has been supported by three grants from the
NCIIA. Resources used in this project were supported in part by NSF
under the grants DUE-9751651 and DUE-9850563. Special thanks to
Rowan engineering studentsBrian Fitzpatrick, Mark Farwell, Jason
Childs, Jason Daniel, Sam Greenfeld, Doug Gabauer, Anthony
Docimo, Robert Jones, Harry Wiedman, Mike Ciocco, Dave Bowen,
Glen Roames, Mike Jensen, Brian Kuritz and Matt Johnson for
providing information on the individual projects.
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