The Entrepreneurs Center (TEC), a technology business incubator, and The Wright Brothers Institute, (WBI), a technology transfer organization associated with the Air Force Research Laboratory (AFRL), are now seeking student participants in the Technology Acceleration Program (TAP). The TAP is an exciting entrepreneurial development program that allows students to join with AFRL scientists to establish commercial ventures for selected AFRL technologies. Participating students will have the opportunity to take a management role and equity position in new start-ups commercializing viable technologies.
Opportunity Discovery/ Technology Assessment Process
Each student participant will:
- Select an AFRL technology to assess during the Opportunity Discovery Process;
- Form a 2-4 member student team;
- Interact directly with the inventor to gain a deep understanding of the technology and its background;
- Conduct a high-level market assessment of the selected technology, using an established technology market assessment framework. Assessments will be developed under the supervision of an experienced entrepreneur, senior executive or professor;
- In teams, develop a presentation that summarizes the results of that assessment in order to guide decisions regarding further investments in the technology.
The above activities will be completed during a 30 day period.
The AFRL TAP appeals to the entrepreneurial student seeking the opportunity to participate in a start-up business based on promising technology. The success or failure of each team will be entirely based on the self-directed level of effort each team expends. There is no established time commitment or formal time requirement.
However, each team member will be required to participate in scheduled events for each phase including:
- One full day (8 hours) for technology briefings and program kickoff;
- One half day (4 hours) for team formation/orientation and program organization;
- Periodic check-points to gauge progress of the team; Meeting with mentors/ AFRL S&E
- One half day (4 hours) for presentation of the technology assessment.
The AFRL TAP Summer Program offers no monetary compensation. However, it offers the entrepreneurial student with a number of important benefits, including:
- Opportunity to continue down the commercialization pathway
- Build relationships with AFRL scientists and engineers;
- Build relationships with other entrepreneurs and local students;
- Develop experience in a team environment;
- Pitch AFRL leadership with business idea.