A Realization

A Guest Post from Shawn Latimer:

I woke up this morning to instant coffee, offset by a beautiful view of the Mediterranean off of our shared porch, and began to contemplate the task in front of us.  The first of 8 classes was last night, and the rigor and detail we need to put into our final deliverables is daunting.  These are real applications, with real opportunity to create real businesses.

And we will be part of the team that makes it happen.

Some of the technologies have potential to save lives, providing better tools across the medical industry.  But the only way to get them into the hands of the people that can use them is to produce an actual product, and then get it in front of people.  This is the best kind of synergy between inventor and business.  Sure, we would all love to make a blockbuster product that makes heaps of money.  The real value though, is in getting these techniques to market so they can save lives.

We have 8 weeks to scope out an entire business model, from initial ideas for how to use the patent all the way through to the budget and final business plan.  It’s an ambitious goal, but with the help of our Israeli classmates, and this view, I think we can make it work.

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The views expressed on this site are those of Andrew Giessel, hereafter referred to as "the author", and do not necessarily represent those of the University of Maryland, the Robert H. Smith School of Business, or the Technion. All content provided on this blog is for informational purposes only. The author makes no representations as to the accuracy or completeness of any information on this blog or found by following any link on this blog. The author will not be liable for any errors or omissions in this information nor for the availability of this information. The author will not be liable for any losses, injuries, or damages from the display or use of this information.