Technology Entrepreneurship and Commercialization

The Technology Entrepreneurship and Commercialization curriculum provides graduate students from management and other disciplines across campus the opportunity to engage in all stages of company formation and growth. Each year our students launch exciting high growth new business startups. We offer two tracks: Technology Entrepreneurship and Commercialization (TEC) and Entrepreneurship (ENTR). Due to the collaborative nature of the TEC courses, the majority of the classes will be offered on NC State's Main Campus.

Overview

The Technology Entrepreneurship and Commercialization (TEC) focus within the Jenkins MBA Program allows students to choose two different paths: one focused on the commercialization of intellectual property – developing that into a product, good or service; the other taking a more traditional approach to entrepreneurship.

Perhaps the most interdisciplinary arm of the MBA program, the commercialization focus is about half MBA students and half Masters and PhD students from other university programs. North Carolina State University ranks in the top ten in terms of patent generation, yet most of those patents sit on the shelf. Students and faculty with a focus on commercialization are the arm that gets those patents off the shelf and into new business as products, good and services.

For those who choose the commercialization path, this applied, practical program ensures the production of new business start-ups is part of each student’s educational experience. Students can expect to learn about technology opportunity analysis, building their own pool of technologies from real intellectual property, and finding ways to create ideas and explore potential high growth business opportunities.

With two required courses and six to seven electives offered, students have the freedom to craft the education that will benefit them the most. Students work in small groups, and are expected to commit time and energy to the course – as much as 10 to 12 hours per week. Yet, graduates come away calling this a high value experience within the Jenkins MBA.

Thinking about things in a creative fashion where you’re facing uncertainty and facing risk, you can offer a lot of value to an existing company.

Jon Carr, professor of entrepreneurship

For those students with an interest in more traditional entrepreneurship – perhaps they want to start a company or design a product to meet the needs of a customer segment – the other side of this program offers students the opportunity to identify a particular customer need. Through courses and engagement with faculty and with customers, students go through the process of building a value proposition, and identifying a product or service that helps meet the customer needs.

Entrepreneurship courses are designed to engage students with the outside world. The program also offers a practicum experience where students work with existing companies on a specific problem to find a solution.

Most students with a TEC focus do not start a business upon graduation. Many turn to “intraprenuership” within an existing organization, using their skill set to identify successful projects in their early stages and find the right championship to make them happen. Or they may enter into innovation management-related positions, such as new product development.

“People who adopt this orientation tend to be very valuable to companies even if they don’t pursue an entrepreneurial launch,” said Jon Carr, Jenkins Distinguished Professor of Entrepreneurship.

Curriculum

Technology and Entrepreneurship (TEC)

This innovative offering focuses on evaluating the commercial potential of technologies and breakthrough discoveries for new and established organizations. MBA students team up with technical graduate students for practicum courses that run through the entire commercialization cycle. The teams work closely with the technology owners and with seasoned entrepreneurs throughout the process.

Full-Time MBA Concentration

Required

  • MBA 576- Technology Evaluation and Commercialization Concepts (3hrs)
  • MBA 577- High Technology Entrepreneurship (3hrs) *P
    (prerequisite MBA/MSE 576)
Additionally, students are required to take two of the following courses:
  • MBA 555 Product Design and Development (4hrs)
  • MBA 572- Venture Opportunity Analysis Analytics (3hrs) *A
    (prerequisite MBA 576)
  • MBA 578- Venture Launch Practicum (3hrs) *P
    (prerequisite MBA 576/MBA 577 or MBA 570/MBA 571)
  • MBA 579- Entrepreneurship Clinic Practicum (3hrs) *P
    (prerequisite MBA 576 or MBA 577)

Notes:
Practicum courses are marked with *P
Advanced Analytical courses are marked with *A
TEC electives are typically offered on Main Campus

Professional MBA Area of Emphasis

  • MBA 555 Product Design and Development (4hrs)
  • MBA 576- Technology Evaluation and Commercialization Concepts (3hrs)
  • MBA 577- High Technology Entrepreneurship (3hrs) *P
    (prerequisite MBA/MSE 576)

Other Practicum courses:

  • MBA 578- Venture Launch Practicum (3hrs) *P
    (prerequisite MBA 576/MBA 577 or MBA 570/MBA 571)
  • MBA 579- Entrepreneurship Clinic Practicum (3hrs) *P
    (prerequisite MBA 576 or MBA 577)
Analytical/Quantitative Skills Development
  • MBA 572- Venture Opportunity Analysis Analytics (3hrs) *A
    (prerequisite MBA 576)

Entrepreneurship (ENTR)

Full-Time MBA Concentration (12 Hours)

Students learn how to create value by creating new business startups and/or assisting exciting existing new business startups. We make campus-wide resources available for your success. Using a process-based approach, you learn skills relevant for entrepreneurship as well as intrapraneurship/innovation.

Required

  • MBA 570- Opportunity Evaluation & Value Creation (3hrs)
  • MBA 571- High Growth Entrepreneurship (3hrs) *P

Additionally, students are required to take two of the three following courses:

  • MBA 572- Venture Opportunity Analysis Analytics (3hrs) *A
    (prerequisite MBA 576)
  • MBA 578- Venture Launch Practicum (3hrs) *P
    (prerequisite MBA 576/MBA 577 or MBA 570/MBA 571
  • MBA 579- Entrepreneurship Clinic Practicum (3hrs) *P
    (prerequisite MBA 576 or MBA 577)

Notes:
Practicum courses are marked with *P
Advanced Analytical courses are marked with *A