This grant will help to meet the demand at Rutgers for more entrepreneurship-focused education by creating educational and training materials for the Rutgers Entrepreneurship Lab (REL). The REL will become part of the Business, Engineering, Science, and Technology Institute (BEST) at RU, a new interdisciplinary institute created by the Business school. The benefits of BEST include windows for hands-on, real-life study through project and case studies; internship and employment opportunity; and the generation of actual business plans based on real IP. Activities of the Rutgers Startup Fund, a donation-funded program that identifies, funds, and advises promising Rutgers IP, will be integrated with this new educational program. The Rutgers Entrepreneurship Society, a student-run organization, and the Next-Phase Workshops, a continuing education program that focuses on business intelligence for startups and small companies, will also serve as outreach and extension activities for REL. In accordance with the supply-chain of innovation commercialization, the proposed REL will be divided into “innovation stations,” stations that concentrate on a different element of the innovation/entrepreneurship process. Students will be able to progress in an organized and efficient manner in order to meet their goals. Stations include a brainstorming area, a technical area, and a mentoring area.
This program supports the expansion of the Global Institute for BioExploration (GIBEX) into Tanzania. GIBEX, a partnership among Rutgers, The State University of New Jersey, the University of Illinois at Urbana-Champaign, and North Carolina State University, facilitates sustainable pharmacological bioexploration driven by the concept of “Reversing the Flow,” a term the institute has coined for keeping resources in the source countries rather than removing them. GIBEX does this by training local scientists in developing countries to use portable, field-deployable screening technology, named Screens-to-Nature technology (STN); helping local farmers and manufacturers profit by growing and selling the medicinal plants GIBEX identifies for commercial production; and assigning any intellectual property resulting from the bioexploration to the host country, offering the opportunity to get the products to market through licensing arrangements. GIBEX shares the STN technology with academic institutions in Africa and around the world.
Summer 2009 update: In April 2007 GIBEX successfully conducted training at the University of Dar-es-Salaam in Tanzania and by January 2008 had screened extracts from 50 plant species out of the proposed 300 to send through chemical tests. An entrepreneurial workshop held in Tanzania in June 2008 was designed to generate licensing interest. By September 2009, 220 plant species have been screened and 3 students are attached to the STN project and biodiversity documentation. Avon, Inc. registered as a corporate member of GIBEX, and McNeil Nutritionals LLC and L’Oreal are following GIBEX activities. Collaborators at the University of Dar-es-Salaam have obtained government approval in Tanzania to collect plant samples from the forest reserves of the Eastern and Western Arc Mountains for STN bioassay work and will screen the remaining 80 plants using STN technology as well as carry out bioexploration and biodiversity documentation. Most of the data collected so far have been entered into the NAPIS and STN databases.
Moravian College and Moravian Theological Seminary - $2000.00
This grant supports the new course Invention, Innovation, and Entrepreneurship under Rutgers' Special Problems in Civil Engineering Course. This course is a unique addition to the Rutgers Engineering curriculum, to be institutionalized after the pilot semester. The class is the first step toward the creation of Rutgers Invention Institute, to promote invention and creativity in engineering at Rutgers. The undergraduate/graduate course will lead E-Teams through brainstorming new ideas, identifying problems and solutions, completing assessments of an idea's commercial potential, and writing business plans.
The E-Teams will work on radio-frequency identification (RFID) as the focus of their initial projects for the pilot course and possibly future courses as well. In addition, the class will undergo ennegram personality typing to help them understand their own personality types and to better understand the people they are working with, be they managers, teammates or investors.