Computer Engineering Commercialization and Innovation

1. Computer Engineering Commercialization and Innovation Prof Doug Lyon, dlyon@fairfield.edu ECE – The new Programs June 2012 2.4

2. The ECE 5 Year MS Program • Proposal is “under consideration” • 2 degrees in 5 years • Computer Engineering BS + ECE MS OR • Electrical Engineering BS + ECE MS CE and EE are ABET accredited The MS is the NEW NORMAL in Engineering!

3. Computer Engineering Commercialization and Innovation 5MB, 1975, $5000 ($20,000) 5GB, 1998,$100 100MB, 1988, $250 RAMAC 305 5MB, 1956, $200,000 ($1.5mm) 100MB, 1992 64GB, 2012,$40

4. M$ Windows growth • ‘92 - 3.1 – 9MB • ‘98 – 355MB • ‘00 – 650MB • ‘09 - W7 – 20GB HD w/hd

5. Fulfilling Student Needs • Simplified graduate school admission • 10 Domain areas • Product Design, Architecture, Systems, • Communication, Power, Biomedical, Nano, • Signals, Embedded Systems, Enterprise Computing

6. Knowledge for a new age • Technological Leadership • Engineering Entrepreneurship • Provides intellectual capital • 13.6% in 25-34 age group has MS • CT ranks 3rd in country

7. Cost Analysis • financial advantages - $38k/yr (excluding r&b, full-time) • Avg Salary by education level • HS - $67k • BS - $79k • MS - $93k • SRC: Dice.com(each degree worth 17%). • Work for 40 years, earn an extra $1MM over a person with a HS degree, on AVG

8. Aerospace Computer Industry Finance Industry Manufacturing Industry (Active placement of interns and graduates) Almost all placed before graduation Roles

9. 298 ME 297 EE 258 CS 170 CpE 73 BME 21 SE How many ABET programs in USA?

10. What do computer engineers learn? (src: 2011;Dice.com) • Java Pro (14.7k jobs up 50% YOY, avg earner: 91k$) • Project Mant (12.5k jobs, up 50% yoy,avg $100k) (Avg slry in CT:83k$) • avg 4-year engineering degree, 78k$ • Bus degree: 42k$(src CNN) liberal arts graduates - $32(src CNN)

11. CT, The Place to be: • The total gross state product for 2010 was $237 billion. • The per capita income for 2007 was $54,117, ranking first among the states. • Computer Engineers - $92k • Computer Programmers - $90k • Mechanical Engineers - $83k • Electrical Engineers - $82k • BLS.gov

12. For 2011, what’s the biggest concern you have about your career? • Keeping Skills Up-to-Date / Being Valuable to Employer14% • Increased Outsourcing5% • SRC: Dice.com • Dice Salary Survey was administered online with 19,798 employed technology professionals from the Dice community responding between August 31 and November 15, 2010.

13. CrowdfundingThe new Model of Entrepreneurship Innovation+Commercialization

14. Crowdfunding • Make a prototype: Make a video: File a patent application. • Post on internet with pricing, funding goal, and funding deadline (e.g. 30 – 60 days). • Promote it: Promote it: Promote it!!!!! • Take committed orders guaranteed by credit card. • If you do meet your funding goal by funding deadline, everyone gets charged, you get $, you make and deliver the product. • If you don’t meet your funding goal, no one gets charged, you cry in your beer, and it’s back to the drawing board.

15. Example:

17. What Does it Take to be Successful? • Planning & Preparation – perhaps for a year • Prototype made • Production facilities lined up • Video – good but not too good • Business plan – break even, make money on licensing • Media coverage • Social Network – blogs/forums/moderators • Commercial – Gizmodo/Techcrunch /FastCompany/Huffpost /NYT • Wide range of award offerings ($1 to $1,000) with good rewards • Cool Factor – Inspiration Factor – Public Service Factor • Already be successful • If at first you don’t succeed, try try again.

18. Backcountry Boiler: Hot water from found fuel Devin Montgomery Pittsburgh PA Recent graduate 563 Backers $60,642 pledged of $20,000 goal

19. TiGr: Titanium Lock as Cool as your Bike Bob and John Loughlin, Inventors, Engineers, Entrepreneurs, Lock Enthusiasts, Bike Riders, Father and Son 740 Backers $108,065 pledged of $37,500 goal

20. TikTok+LunaTik Multi-Touch Watch Kits Scott Wilson is the founder of Chicago-based MINIMAL, a studio whose diverse work spans industries ranging from technology, interaction and consumer products to fashion, furniture and environments. Original $50 13,512 Backers $942,578 pledged of $15,000 goal Licensed to Apple Chinese knockoff $20

21. Bottom Line • Crowdfunding is an effective new way to raise money for initial product production. • Success depends upon good product design, meticulous planning, extensive promotion, and, as with many things in life, tireless persistence.

22. Fundamental Laws • Moore’s Law – computer speed increases T n • Metcalf’s Law – network value increase N x • Reed’s Law – Group of size n will have subgroups of 2n

23. ASIA 132 118 135 NAFTA 193 191 158 EUROPE 163 177 189 Fortune 500 2000 2005 2009

24. Intelligence is a Global Resource • Crowdfunddoes to VCs what • The Web did to the Newspaper • Speed=the killer app • Paul Julius Reuter used homing pigeons (filling a gap in the telegraph network) • FREELANCER.COM – the global meat market!