Inside Rensselaer
Lally Collaborates To Offer Technology Commercialization & Entrepreneurship Program
A cross-campus collaboration between 12 Rensselaer departments and Albany Law School is opening new educational and career opportunities to students in science, technology, engineering, and business. The Lally School’s Technology Commercialization & Entrepreneurship (TC&E) graduate program leverages Rensselaer’s science and engineering excellence with customized legal training at Albany Law School and management fundamentals at
Lally — one of U.S. News & World Report’s top-ranked business schools in entrepreneurship.

On Oct. 14, the Lally School of Management & Technology and the Severino Center for Technological Entrepreneurship highlighted the TC&E program with a panel discussion titled “Preparing a New Generation of Entrepreneurs and Innovators.”

The discussion featured three deans of participating schools: Thomas Guernsey, president and dean of Albany Law School, David Rosowsky, dean of Rensselaer’s School of Engineering, and David Gautschi, dean of the Lally School. Lois Peters, associate professor in the Lally School, moderated the session, which drew students and faculty from across campus as well as community professionals and entrepreneurs.

Lally’s TC&E program has been designed to prepare a new generation of technological entrepreneurs, based on the assumption that successful commercialization of technology requires not only technical understanding, but also a basic foundation in management in order to move the product to market by developing a business plan, obtaining funding, staffing and managing the enterprise, and understanding how to value and protect intellectual property.

“The TC&E curriculum responds to a real need on campus and in the business community. It’s directed at technical professionals who find it difficult to fully develop their ideas into commercially sustainable products or services... It’s a very exciting opportunity for technical professionals and for our students,” said Lois Peters.

Students may focus on TC&E at both the undergraduate and graduate levels. At the master’s level, TC&E students complete advanced coursework in management, in-depth graduate work in a technical discipline, and a specialized module in law applicable to technology commercialization (business formation, contracts, and intellectual property). Undergraduate TC&E students earn either a B.S. in business and management with a “strong” minor (six courses) in a collaborating department, or a B.S. in a science or engineering with a strong minor in business and management. Collaborating Rensselaer departments are: Computer Science, IT, Biomedical Engineering, Biology, Cognitive Science, Materials Science, Civil Engineering, Architecture, Design, Innovation and Society, and Decision Sciences and Engineering Systems. Albany Law School partners with Lally to deliver a specialized module for the master’s degree.

“The TC&E curriculum responds to a real need on campus and in the business community,” said Peters, who is the enterprise management and organization area coordinator. “It’s directed at technical professionals who find it difficult to fully develop their ideas into commercially sustainable products or services. They are often surprised to find that the market won’t come to them, that they have to learn how to successfully approach the market. It’s a very exciting opportunity for technical professionals and for our students.”

“A lot of engineering firms would welcome TC&E grads,” said David Rosowsky, dean of Rensselaer’s School of Engineering. Speaking specifically to future engineers, Rosowsky added, “we need engineering graduates with a broad skill-set, who are trained to think across disciplines, and who understand how to team effectively with other professionals.”

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Inside Rensselaer, Strategic Communications and External Relations
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Inside Rensselaer
Volume 3, Number 12, November 6, 2009
©2009 Rensselaer Polytechnic Institute
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