TECH LAUNCH PAD FAST TRACKS STUDENT BUSINESSES AT THE LALLY SCHOOL
It was inspired by Jean A. Howard, Associate Director of the Center for Technological Entrepreneurship at Severino Lally, fills Tech Launch Pad (TLP) is a critical need for Rensselaer by offering a pre-incubation program to the student innovation. His accelerated ‘real world’ approach to entrepreneurship prepares young entrepreneurs and MBAs for the next steps in the creation of businesses, especially, feasibility and evaluation of the strategy / organization creation. If the company can not prove, feasibility, is moving forward is difficult if not impossible.
“Entrepreneurship is often seek as a solo. The reality could not be more different. To promote technical innovation into commercial success in turn requires a cooperative approach between the inventor and a team of experts from business, finance, law and marketing to name a few. Tech Launch pad to the Lally School includes a practical and multidisciplinary approach, the key to business success is, “said Howard.
The TLP pilot, launched in summer 2009, attracted students and entrepreneurs, MBA program Graduates and companies from the entire campus, a strong contingent from the School of Engineering. Bill Dailey, ‘98, MBA / JD, has been tapped by Howard to the test run. The students were introduced to the practical aspects of management, from feasibility study on admission, no negotiations with synergetic partnerships to finance current options. “It is not enough to only have good technique. There is more to bring something to market, as only a technique that works,” said Dailey.
Ke Xia, Ph.D. Biochemistry ‘09, and co-inventor of the Promethean Revolution, LLC, participated in the pilot. Asked what he thought about it, concluded Xia it with the words: “TLP for Lally helped us in 36 hours, which would have made us two years stumbling around to find out to achieve.”
Designed specifically for business students with good ideas and the “fire in the belly”, Tech Launch Pad is not for students to find out whether they are to an entrepreneur. “This course is designed for technically savvy students interested in launching a business who are currently or already in business. In short, this course is about practicing, doing and acting, on the assumption that everyone in the course is to to develop a company grounded, “according to Bruce Rothenberg, Associate Director of Student Technology in the Lally School of Management & Technology and the current TLP instructor.
Of the 17 companies, the students either the pilot or the fall semester TLP course have been completed, eight more forward with their business concepts. “The accelerated format of the information you need to push along your idea does not lead to taking a lot of time,” says Anthony Guidarelli, ‘09, computer and systems engineering and co-founder of Blink applications. “Tech Launch Pad pushed us with our idea of technology and to an actual demo, which, in us, move led to the demand for the first time, how we tried a lot of money.”
TLP also helps to bridge the gap between university and community-bridge, with a secondary goal of maintaining the new businesses in the capital region and expanding the area’s future economic development. And that’s where the TLP structure and the participation of the community is important.
The internship is set to guest lecturers and guides the students in local entrepreneurs and experienced business people. Jonathan Ashdown, Ph.D. ‘11, The UltrasoniComm is quick to point out that TLP helped him a network among VCs and business angels, he would not otherwise establish, in addition to building a strong group of advisers.
“Due to its positioning within one of the leading technological Institute, Lally School brings a unique perspective to technology entrepreneurs and start-up. We’re teaching high-tech enterprise, which is our niche and TLP’s potential to ensure the region has a long-term , the total economic development, “said Rothenberg.
About the Lally School of Management & Technology
The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest Technological University. Building on Rensselaer world-class facilities and leading role in science and engineering, Lally dedicated to advancing business through innovation. Lally offers graduate, doctoral and http://www.lallyschool.rpi.edu
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