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An extracurricular undergraduate invention
television show and competition at Georgia Tech


  Craig R. Forest, Merrick L. Furst, Ray Vito, John Leonard
                  NCIIA 16th Annual Conference
                       March 22-24, 2012
                       San Francisco, CA
2009    2010    2011     2012
     students         200     300      400      500

   faculty judges      30      60      80       80

      prizes         $15,000 $30,000 $30,000 $30,000

In-person audience    300     1000    1200     1200

TV/web audience        0     24,000   50,000   50,000
Demographics
 476 students in the competition relative to 13007 undergraduates in spring 2012



ENGR and ARCH students are overrepresented.
MGT students are underrepresented.

       ENGR = 60% of students, but 74% of competitors
       ARCH = 3.5% of students, but 7.4% of competitors
       MGT = 10% of students, but 1% of competitors


In ENGR: ME, EE/CMPE, and BMED students are overrepresented

       ME= 12.4% of students, but 19.7% of competitors
       EE/CMPE=9.1% of students, but 13.3% of competitors
       BMED=8.2% of students, but 17.5% of competitors
Gender and under-represented
            minorities
Women are underrepresented
      ENGR = 32% of students, but 18% of competitors



Minority students are overrepresented Separately, both blacks and Hispanics
are overrepresented.

        MINORITIES (B,H,I,P) = 13.6% of students, 17.2% of competitors

        BLACK = 6.1% of students, but 8.8% of competitors
        HISPANIC = 6.1% of students, but 8.5% of competitors
50,000 households in GA watched TV show
  – More than CNN, Discovery Channel, etc


1,200 people in attendance
  – 200 K-12 students (80,000 teachers emailed)
  – Families, faculty, Georgia Tech students
  – Open to the public
InVenture Prize
                                       Commercialize
       School


September            January   March
SCHOOL
                9 weeks
―How To‖ Seminars
                Be creative
       How to


                Think like an inventor
                Protect your ideas
                Assess Risk, Market Size, Marketability
                Obtain Resources
                Make a Pitch

Coaching Sessions
3000 ft2 with $500k of free-
to-use, cutting edge
prototyping equipment

Student owned and
operated

Open as much as possible
(nearly 24 hrs/day)

A delicate balance of
freedom and creativity with
safety and responsibility

Highlights: guild
system, workshops, fun, liv
e/play/work
a course
40 teams
50 staff
30 industry sponsors/judges
16 wks
$500 each

Invent something
       CREATIVITY

Design it
      ANALYTICAL SKILLS

Build it, test it
        HANDS-ON

Document everything (lab
     notebooks, reports, presentations

Give to sponsor for use or patent it and
       start company
NOT A BUSINESS PLAN COMPETITION
              Uniqueness
• Creativity
• A fail-forward model for innovation
  education outside of the curriculum
• High profile, emotional, live, on-stage
• Focus on innovation, passion, and
  business potential
• Patent services
• Inventor mentorship through The
  InVenture Prize school
1.   Remove Cornea




2.   Twist blade along axis to perform cut




                                This is the tip of the prototype, but we
                                will only be testing the dual-arc blades
                                with this experiment. See next page.
Recognized on air:
Future…

A partners program with
  industry, investors, faculty, alumni

National TV broadcast

Television Series

National university competition
cforest@gatech.edu
                           inventureprize.gatech.edu


Ray Vito   Merrick Furst        John Leonard
extra
Other competitions
• University of Wisconsin at Madison, ―Innovation Days‖
   – Undergraduate students presenting inventions to a judge panel
     for cash prizes. This 15-year-old competition offers cash prizes
     up to $10,000
• National Inventors Hall of Fame Foundation
   – Annual Collegiate Inventors Competition sponsored by the Abbot
     Fund and the United States Patent and Trademark office.
   – Open to students and their faculty advisors, has a large cash
     prize of $25,000, many university participants
• Business plan competitions such as at MIT and
  elsewhere
   – focus on business planning, models for profitability, and
     investment as the primary metrics for success.
• Dragon’s Den like competitions at UK universities?
•
  Patrick Whaley
• Senior, Mechanical Engineering and going for MBA

• Born in Elmira, New York
  I am an Eagle Scout
  Went to Duluth High School
  Captan of the Swim team
  I was a semipro body builder
  I worked for Factory Automation Systems as a co-op
  My father owns PersonalAir, a commuter firm
  I will own the Tampa Bay Buccaneers
•   Name: Sarah Vaden
•   Class: Sophomore
•   Major: Aerospace Engineering
•   Hometown: Huddleston, Virginia

•   Fun Facts about me:
•   There are 10 drums in my dorm room currently.
•   I love boats— my first playpen was on the family pontoon boat.
•   A warm, sunny day is priceless to me.
•   I convinced my best friend in second grade that my bike was a spaceship.
•   I’m hopelessly independent.
•   I backpacked an inflatable kayak to Venice, Italy.
•   In high school I was drum line Captain.
•   My mother is a classically-trained vocalist.
•   I want to be a researcher. I want to discover, create, and explore.
•   I’m a Vegetarian.
•   I’ve kayaked in six countries.
•   I write songs on keyboard.
How do you transform a culture?
How do you transform a culture?


I don’t know
How does an individual, company, or
 campus provide:
    resources
    structure
    incentives

 to foster this culture
Claw Hanging Systems, LLC
Atlanta, GA 30308
Lessons learned
You have to learn innovation by doing it, failing,
and trying again

Provide and/or use the resources, structures,
and incentives to innovate

This is a tender plant at Georgia Tech, easily
killed. So you must shelter it from inevitable
challenges (tradition, etc) and find others who
share this passion. Surround yourself with
people you want to be like
UG Inventor participation by
          major
  12345678
  fct_division_abbr no yes (all)
           ARCH 0.034 0.074 0.035
            COC 0.073 0.087 0.073
            COS 0.096 0.055 0.095
           ENGR 0.597 0.741 0.600
            IAC 0.057 0.032 0.057
            MGT 0.099 0.010 0.097
           PROV 0.043 0.000 0.042
          (all) 1.000 1.000 1.000



  Engr are 74.1% of inventure contestants
                            but only 60%
  on campus, arch is 7.4% of conestants, but
  only 3.5% on campus
sponsors
                Office of the Provost           George W. Woodruff School of
                                                Mechanical Engineering
Georgia Tech
Class of 1934
                                              Wallace H. Coulter Department of
                                              Biomedical Engineering




                            TEDD MUNCHAK
                                 CHAIR
                                  OF
                           ENTREPRENEURSHIP
Impact

On competitors

 On campus

  On state?

  On nation?
http://inventureprize.gatech.edu/

     Also Twitter, Youtube, Vimeo, Facebook,….

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Undergraduate Invention Competition Grows TV Audience

  • 1. An extracurricular undergraduate invention television show and competition at Georgia Tech Craig R. Forest, Merrick L. Furst, Ray Vito, John Leonard NCIIA 16th Annual Conference March 22-24, 2012 San Francisco, CA
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  • 17. 2009 2010 2011 2012 students 200 300 400 500 faculty judges 30 60 80 80 prizes $15,000 $30,000 $30,000 $30,000 In-person audience 300 1000 1200 1200 TV/web audience 0 24,000 50,000 50,000
  • 18. Demographics 476 students in the competition relative to 13007 undergraduates in spring 2012 ENGR and ARCH students are overrepresented. MGT students are underrepresented. ENGR = 60% of students, but 74% of competitors ARCH = 3.5% of students, but 7.4% of competitors MGT = 10% of students, but 1% of competitors In ENGR: ME, EE/CMPE, and BMED students are overrepresented ME= 12.4% of students, but 19.7% of competitors EE/CMPE=9.1% of students, but 13.3% of competitors BMED=8.2% of students, but 17.5% of competitors
  • 19. Gender and under-represented minorities Women are underrepresented ENGR = 32% of students, but 18% of competitors Minority students are overrepresented Separately, both blacks and Hispanics are overrepresented. MINORITIES (B,H,I,P) = 13.6% of students, 17.2% of competitors BLACK = 6.1% of students, but 8.8% of competitors HISPANIC = 6.1% of students, but 8.5% of competitors
  • 20. 50,000 households in GA watched TV show – More than CNN, Discovery Channel, etc 1,200 people in attendance – 200 K-12 students (80,000 teachers emailed) – Families, faculty, Georgia Tech students – Open to the public
  • 21.
  • 22. InVenture Prize Commercialize School September January March
  • 23. SCHOOL 9 weeks ―How To‖ Seminars Be creative How to Think like an inventor Protect your ideas Assess Risk, Market Size, Marketability Obtain Resources Make a Pitch Coaching Sessions
  • 24. 3000 ft2 with $500k of free- to-use, cutting edge prototyping equipment Student owned and operated Open as much as possible (nearly 24 hrs/day) A delicate balance of freedom and creativity with safety and responsibility Highlights: guild system, workshops, fun, liv e/play/work
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  • 28. a course 40 teams 50 staff 30 industry sponsors/judges 16 wks $500 each Invent something CREATIVITY Design it ANALYTICAL SKILLS Build it, test it HANDS-ON Document everything (lab notebooks, reports, presentations Give to sponsor for use or patent it and start company
  • 29.
  • 30. NOT A BUSINESS PLAN COMPETITION Uniqueness • Creativity • A fail-forward model for innovation education outside of the curriculum • High profile, emotional, live, on-stage • Focus on innovation, passion, and business potential • Patent services • Inventor mentorship through The InVenture Prize school
  • 31.
  • 32. 1. Remove Cornea 2. Twist blade along axis to perform cut This is the tip of the prototype, but we will only be testing the dual-arc blades with this experiment. See next page.
  • 33.
  • 35. Future… A partners program with industry, investors, faculty, alumni National TV broadcast Television Series National university competition
  • 36. cforest@gatech.edu inventureprize.gatech.edu Ray Vito Merrick Furst John Leonard
  • 37. extra
  • 38. Other competitions • University of Wisconsin at Madison, ―Innovation Days‖ – Undergraduate students presenting inventions to a judge panel for cash prizes. This 15-year-old competition offers cash prizes up to $10,000 • National Inventors Hall of Fame Foundation – Annual Collegiate Inventors Competition sponsored by the Abbot Fund and the United States Patent and Trademark office. – Open to students and their faculty advisors, has a large cash prize of $25,000, many university participants • Business plan competitions such as at MIT and elsewhere – focus on business planning, models for profitability, and investment as the primary metrics for success. • Dragon’s Den like competitions at UK universities?
  • 39. • Patrick Whaley • Senior, Mechanical Engineering and going for MBA • Born in Elmira, New York I am an Eagle Scout Went to Duluth High School Captan of the Swim team I was a semipro body builder I worked for Factory Automation Systems as a co-op My father owns PersonalAir, a commuter firm I will own the Tampa Bay Buccaneers
  • 40. Name: Sarah Vaden • Class: Sophomore • Major: Aerospace Engineering • Hometown: Huddleston, Virginia • Fun Facts about me: • There are 10 drums in my dorm room currently. • I love boats— my first playpen was on the family pontoon boat. • A warm, sunny day is priceless to me. • I convinced my best friend in second grade that my bike was a spaceship. • I’m hopelessly independent. • I backpacked an inflatable kayak to Venice, Italy. • In high school I was drum line Captain. • My mother is a classically-trained vocalist. • I want to be a researcher. I want to discover, create, and explore. • I’m a Vegetarian. • I’ve kayaked in six countries. • I write songs on keyboard.
  • 41.
  • 42. How do you transform a culture?
  • 43. How do you transform a culture? I don’t know
  • 44. How does an individual, company, or campus provide: resources structure incentives to foster this culture
  • 45. Claw Hanging Systems, LLC Atlanta, GA 30308
  • 46. Lessons learned You have to learn innovation by doing it, failing, and trying again Provide and/or use the resources, structures, and incentives to innovate This is a tender plant at Georgia Tech, easily killed. So you must shelter it from inevitable challenges (tradition, etc) and find others who share this passion. Surround yourself with people you want to be like
  • 47.
  • 48. UG Inventor participation by major 12345678 fct_division_abbr no yes (all) ARCH 0.034 0.074 0.035 COC 0.073 0.087 0.073 COS 0.096 0.055 0.095 ENGR 0.597 0.741 0.600 IAC 0.057 0.032 0.057 MGT 0.099 0.010 0.097 PROV 0.043 0.000 0.042 (all) 1.000 1.000 1.000 Engr are 74.1% of inventure contestants but only 60% on campus, arch is 7.4% of conestants, but only 3.5% on campus
  • 49. sponsors Office of the Provost George W. Woodruff School of Mechanical Engineering Georgia Tech Class of 1934 Wallace H. Coulter Department of Biomedical Engineering TEDD MUNCHAK CHAIR OF ENTREPRENEURSHIP
  • 50. Impact On competitors On campus On state? On nation?
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  • 53. http://inventureprize.gatech.edu/ Also Twitter, Youtube, Vimeo, Facebook,….

Notes de l'éditeur

  1. Georgia Tech has historically not adequately recognized the importance of innovation and entrepreneurship to our undergraduates. The InVenture Prize television show and competition was initiated to help remedy this. The competition represents a dramatically new approach to creating and establishing a sustainable culture of innovation and entrepreneurship among our undergraduate students; it is a significant departure from anything traditionally done at universities. Our goal is transformational change across the entire undergraduate population and, judging from student response to our efforts, we are on the road to achieving this. By design, the InVenture Prize brings an emotional dimension into play. This unlocks a surprisingly-large number of opportunities for many more than just the hundreds of active participants to engage, learn, and develop entrepreneurial skills and understanding. Anecdotally, we hear the experience described as “exciting as college sports.” Alumni, friends, families, teachers, students (including K-12), supporters, legislators and the public connect with the program. National Public Radio calls it “American Idol for Nerds.”
  2. EMOTIONAL