Commercialization of Frontier Technologies
Developing a solid understanding of frontier technologies that are poised to revolutionize all aspects of human affairs is becoming increasingly important for students seeking to pursue a leadership role in the business world. At the top of the list of such technologies are robotics and mechatronics, which make it possible to design intelligent, reliable, and versatile electromechanical systems such as industrial robots, medical devices, aircraft simulators, automated assembly lines, building control systems, and autonomous vehicles.
Engage with frontier technologies that are poised to revolutionize all aspects of human affairs
Students who are interested in taking this course do not need to have a background in robotics or mechatronics. The course is designed to help students familiarize themselves with both the technical aspects of developing mechatronics and robotics inventions and the research and assessment activities that need to be conducted to turn a viable new technology into a marketable product.
To that end, the course will be divided into two key learning modules:
- The first module will provide students with the opportunity to use the Makerspace facilities at NYU's Tandon School of Engineering to work on the design and product prototyping of the new technology on which their commercial feasibility analysis will focus. By participating in Makerspace workshops that will introduce them to the design thinking process and enable them to learn prototyping tools and techniques, students will have greater facility in developing the commercialization viability of the mechatronics and robotics inventions that will be the focus of their research projects.
- The second module will provide students with a structured process for assessing the commercial viability of a new technology through short lectures and discussions that will focus on the key components of this process, including developing a minimum viable product, conducting customer value proposition research, estimating market potential, identifying key proprietary aspects of a new technology and how to protect them, determining the financial value of a new technology and licensing and royalty fees, and crafting a technology commercialization strategy. This module will also provide students with the opportunity to conduct real-world research and analysis of the commercialization potential of a new robotics technology invention developed at NYU’s Tandon School of Engineering in Brooklyn.
*Please note that this course meets at both NYU Stern and the NYU Tandon campus (6 MetroTech Center, Brooklyn, NY 11201)
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