Practicum Description

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.

Require­ments:

- 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

Pri­mary Functions:

- 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

Practicum Details:

- 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.

Ben­e­fits:

- 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.

2 Responses to “Practicum Description”

  1. Udit Saxena says:

    Hello,
    How do I apply for the Tech­nol­ogy Com­mer­cial­iza­tion internships?

    Regards,
    Udit

    • biglem says:

      Hi Udit — UWIT is cur­rently expe­ri­enc­ing some prob­lems with the UW Blog Net­work. Once it’s back up and run­ning, you should be able to see the links asso­ci­ated with our blog…including infor­ma­tion on how to apply for the var­i­ous internships.

      Thanks,
      Merina

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