Entrepreneurial Component of Center Activities
Entrepreneurial activities will be formally addressed via the partnership with 5iTech. 5iTech is a Cleveland-based company that commercializes a broad range of high-tech and industrial technologies selected for their potential for commercial success in the U.S. Market. Past commercialization projects have generally originated with Russian–speaking scientists abroad, particularly from Russia and Israel. Future projects are expected to extend to technologies developed in a broader range of countries.
Selected courses related to entrepreneurship will be provided by CSU’s College of Business and College of Science, in consultation and cooperation with the Industrial & Manufacturing Engineering Department in the College of Engineering. In the College of Business these courses may be taken as part of receiving an MBA in the College of Business, with an emphasis or specialization in entrepreneurship. Students pursuing an MBA may indeed already have a bachelor’s degree in engineering or science. For those students, credit may be received for project-oriented entrepreneurial educational experiences supervised by Adjunct Faculty at 5iTech, as described below. Students in the MBA program not having an engineering or scientific undergraduate degree may participate in such project oriented activity, but as part of a team involving an engineering/science student, subject to the approval of faculty advisors.
Practical educational experiences will be provided onsite at 5iTech , in the form of supervised activities essential to forming new enterprises. These supervised experiences will be analogous to courses taken as part of a ‘project option’ at the M.S. level in engineering (in lieu of the thesis option). The 5iTech project activities will be conducted under the guidance of persons from the 5iPrinciples company, as part of their Adjunct Faculty status at CSU, and a CSU academic faculty advisor from either the College of Business, the College of Science or the College of Engineering, depending upon the educational background of the student intern. The most likely participants in 5iTech project experiences are students with a B.S. in some branch of Engineering or Science, since part of the expected outcome of this project-oriented course will be the assessment/review of the technology itself. The expected outcome of such a project will be the development of a complete plan to transform a given technology/invention into a startup business, using a technology or invention provided by 5iTech or CSU.
These positions will be provided with financial support for the student, as part of a 20-hr/week of such entrepreneurial educational activities. They will not be an internship in the conventional sense, where students might perform useful functions in an established company to better learn about the company and its activities, via operating in its midst. The funding mechanism will be the same, however.
It is intended that additional internships or even co-op assignments will be available for students in local companies, especially incubator companies such as at the Beachwood Business Development Center (BBDC). BBDC opened in 2004 to attract new businesses to, and retain existing businesses in, Beachwood and Northeast Ohio. The BBDC is a partnership between the Beachwood Chamber of Commerce, City of Beachwood and the CSU Nance College of Business. . These positions, however, though providing students with financial support in the form of a graduate stipend, will not be qualify for receiving academic credit, due to the absence of a faculty advisor being directly involved in that experience.
Offices for 5iTech are located in the MAGNET complex on the CSU campus.
Mailing Address
Cleveland State University, Washkewicz College of Engineering
2121 Euclid Ave., WH 305
Cleveland, Ohio 44115-2214
Campus Location
Washkewicz Hall Room 305
2300 Chester Avenue
Phone: 216.687.2555
Fax: 216.687.9280
engineering@csuohio.edu
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