Teaching Lean IP Startups
Applying the lean startup principles on campus has been a challenge, but incorporating these principles into intellectual property-intensive startup opportunities is even more so. This workshop will discuss an approach to teaching startup formation in the classroom using lean principles and the business model canvas, including an innovative and simple grading system that actually rewards students for the results of their efforts and execution of a strategy without burdening the instructor with applying subjective grades based on the quality of the idea. The session will focus on the balance of applying the need for constant customer development while maintaining IP protection (especially in light of the America Invents Act) and openly discussing each team’s business model canvas as a classroom exercise. Potential applications in technology transfer offices will also be discussed.