Technology Commercialization Practicum
C4C New Ventures Unit
C4C’s mission is to make the University of Washington the best place in the world to do research by providing unparalleled commercialization support to our entrepreneurial researchers.
The C4C New Ventures Unit coordinates resources to evolve ideas from initial concept to first-stage start-up financing. Not every innovation should lead to a start-up; sometimes the result of our process is the determination that the best path may be the pursuit of an opportunity to license to an existing company. The goal of New Ventures is to determine the viability of a new company as early as possible so that resources can be focused.
In furtherance of this goal, New Ventures is recruiting graduate students with strong business and marketing skills, and an interest in technology commercialization. Our year-round Technology Commercialization Practicum program is a joint project of C4C and the Buerk Center for Entrepreneurship. Students may be assigned to work on a specific start-up project, or with an Entrepreneur-in-Residence or a Technology Manager on multiple projects. Students become integral members of C4C start-up teams, conducting market research, developing business plans, and exploring funding potential.
– MBAs, Technology Entrepreneurship Certificate students, or entrepreneurial graduate students. We will also consider recent graduates interested in gaining technology commercialization experience.
– Experience/training in market research and analysis
– Experience/training in business development
– Strong verbal and written communication skills
– Ability to work both independently and collaboratively
– Ability to absorb technical details of new technologies
– Ability to interact effectively in both the academic and corporate cultures
– Market research and competitive analysis to assess commercialization potential
- Write a market assessment report identifying target markets
- Track, follow-up on, and report on marketing contacts, marketing efforts, and feedback
- Compile descriptions of competitors and their products
– Prepare non-confidential business opportunity summaries
– Identify additional applications for the technology
– Draft a business/strategy plan (or specific elements of a plan)
– Identify and assist in applying for funding opportunities
– These unpaid positions are available year round.
– Students may opt to receive academic credit. Internships qualify for 2 credits per quarter as an independent study. This course is graded credit/ no credit only.
– Expect to spend about 10 hours a week on a combination of meetings, phone calls, and independent research.
– Students report to the New Ventures Program Manager and are matched with high-priority projects according to experience and interest.
– Opportunity to work with C4C’s experienced Technology Managers in identifying and supporting promising new technologies for development and commercialization.
– Mentorship from C4C’s team of Entrepreneurs-in-Residence, seasoned entrepreneurs and business executives who work closely with teams on product and market development as they explore funding opportunities and staffing needs.
– Opportunity to collaborate with UW’s entrepreneurial researchers across campus.
– Invitations to entrepreneurial seminars, showcases, and networking events.
– Letters of recommendation from Technology Managers and Entrepreneurs in Residence.
– Development of concrete deliverables to add to your resume and/or portfolio.
– Find a project to take through a business plan competition.