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Expanding the Product Realization Process to Incorporate Entrepreneurship and Innovation

[+] Author Affiliations
Philip E. Doepker

University of Dayton, Dayton, OH

Paper No. DETC2008-50011, pp. 467-472; 6 pages
doi:10.1115/DETC2008-50011
From:
  • ASME 2008 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference
  • Volume 5: 13th Design for Manufacturability and the Lifecycle Conference; 5th Symposium on International Design and Design Education; 10th International Conference on Advanced Vehicle and Tire Technologies
  • Brooklyn, New York, USA, August 3–6, 2008
  • Conference Sponsors: Design Engineering Division and Computers in Engineering Division
  • ISBN: 978-0-7918-4329-1 | eISBN: 0-7918-3831-5
  • Copyright © 2008 by ASME

abstract

This paper outlines our experiences in the implementation and evolution of the Product Realization Process (PRP) in industry sponsored capstone team design projects with an emphasis on developing business plans. Particular emphasis is placed on the incorporation of innovation and entrepreneurship since the Innovation Center was established two years ago. In 1996 we began using the PRP in our capstone courses with 6 projects from 3 companies. We now implement over 60 projects each year. The total number of companies that have sponsored projects is now over 80. Approximately 10 projects per year are related to innovation and entrepreneurship and include elements of market studies, patent searches, intellectual property investigations, cost estimating, manufacturing and the development of a business plan. This paper will address the following: • The evolution to multidisciplinary projects; • The enhancement of the conceptual design process to emphasize innovation; • The migration from a one semester course to a two semester sequence; • The development of partnerships with faculty and students in the School of Business and the Law School; • The parallel phases in the projects that include technical development and the development of a business plan.

Copyright © 2008 by ASME

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