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Product Design and Business Development for Entrepreneurial Teams
Design, Develop and Market your own Product- |
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Course Description |
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The Synthesis
course is a two semester project-based graduate course in product design
and business development. Students work in entrepreneurial teams
consisting of graduate students in Engineering, Computer Science and The
School of Management. Each team will develop prototypes of a new product
along with a business plan for marketing the product and funding its development.
The entrepreneurial teams will have their own budget and will work independently—with
the guidance of faculty coaches, industry mentors, potential customers
and end-user community. The teams are assessed by juries consisting of
industry representatives, venture capitalists, product development experts,
and faculty. This is a required course for the graduate component of the
Select Program. The fall semester focuses on
developing the product concept into a tangible, functional, product prototype
that passed initial business and "practicality" screening. The Spring semester will be utilized
to refine the product concept, explore manufacturing issues and develop
a convincing business model that may be used to secure initial phase funding.
Program Note:
How to Join the class? In order to take this class you must find a product
that you will work on. The faculty will facilitate this based on your experience
and interest, and the needs of the team. |
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Texts |
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Ulrich and
Eppinger 2nd ed Course Reader |
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Important planning and deliverables dates |
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Last semesters dates provided as guidance. This year tbc:
1.
Jan 17 Potential Investor Presentation
2.
Feb 12 Prototype Presentations/Design Review
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Project criteria |
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The students and faculty will
selected design projects. Students had the opportunity to propose product
ideas that include significant engineering/innovation and marketing components.
The product proposals competed for team members. SynThesis products, projects
and teams were required to meet the following criteria. The new teams and
development directions are also required to meet these criteria:
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Individual Assignments |
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Design Day The Design day tradition will
continue with each student presenting two product analysis to the class.
However the two products each student will review must be submitted to
the instructors in the first week. Both the products you review must be
related to your design project. The write-up must be handed in the week
before you present and added to your project website
Design Notebook Each student design notebook
will be reviewed during the semester. |
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