Business, law, and graduate students interested in technology and entrepreneurship evaluate, develop, and launch hi-tech start-up businesses.
The Technology Entrepreneurship program is a collaborative effort between the University of Oregon business and law schools and the UO Innovation Partnership Services (IPS). TEP Fellows work in cross-functional teams to select, conduct due diligence, and evaluate business feasibility for technologies invented by top research scientists from UO, Pacific Northwest National Laboratories (Battelle), OHSU, National Energy Technology Lab (NETL), and others.
Fellows are supported financially over the summer, receiving a total stipend comparable to internships offered by major corporate employers. Compensation is project based with milestone and project deliverable timetables. In order to gain the full value of TEP, Fellows are strongly encouraged to consider following up the summer program with New Venture Planning (MGMT 625) in the Fall Term and Venture Launch Pathway (MGMT 610) in the Winter/Spring Terms.
In February, first and second-year law students, UO and Oregon State University MBA and graduate students apply for interdisciplinary TEP teams. Five or six law students are selected in March for the paid fellowship.
Law students contribute a legal approach to problem solving to the team plus intellectual property and business law expertise.
Fellows will be given access to emerging technologies that have been vetted and judged by faculty to have potential for commercialization. Fellows will confer with the inventors and scientists who developed the technologies. Faculty will mentor Fellows in focusing these market and business feasibility studies.
Between June and September, the teams explore these issues:
At the end of the summer, each team gives an oral and written assessment of their technology's potential to an audience of venture capitalists, corporate leaders, academics, and economic development agencies.
Students are highly encouraged to enroll in the business school's New Venture Planning class during fall term. Teams with promising technologies go on to present business plans at "Venture Quest," the Lundquist Center for Entrepreneurship's internal business plan competition.
The most successful teams continue onto Venture Launch (MGMT 610), External Business Plan Competitions in the spring. These highly developed TEP teams present their business plans to bona fide venture capitalists, investors, and entrepreneurs. TEP fellows have participated in competitions throughout the United States, Canada, and Asia.