PRIME Courses | PRIME: Program in Innovation Management and Entrepreneurship

PRIME Courses

The PRIME curriculum consists of 8 courses that normally fill an entire academic year. These are described on the courses page. The potential for elective choice occurs in picking a technology area on which to focus and to develop a business plan. This is done in consultation with the PRIME faculty advisors. In addition, students may take two additional courses per year outside of the PRIME curriculum in any area of study.

This is not an MBA. PRIME does not strive to provide the in-depth study of a business specialty as would take place in an MBA program. Rather, it is intended to introduce students from an engineering or science discipline to the workings of technology start-up companies (and to the technology innovation process in larger firms), and to provide enough background so that the student can be effective in such an environment. At graduation, PRIME students earn an ScM degree, a Masters of Science.

Course Descriptions

Business Engineering Fundamentals I (ENGN 2110)

The course examines core concepts in distinct areas through three modules: (1) intellectual property and business law, (2) technical marketing and (3) finance. All aspects of intellectual property will be treated; models on how to analyze markets will be discussed, culminating in a finance module which utilizes accounting fundamentals and models to perform financial analysis.
Offered: Fall Semester (Wednesdays, 3:00 - 6:00 pm)
Instructor: Eric Suuberg  

Business Engineering Fundamentals II (ENGN 2120)

The course examines core concepts in distinct areas through three modules: (1) the basic financial calculations of business, (2) advanced topics on the legal and team building issues that come in developing a startup, and (3) the different types of negotiations that a new startup will need to engage in. This course focuses on setting up the organization, choosing leadership and finding human capital, and how one can identify the resources and incentives in order to assemble the necessary team. It goes on to look at the legal and ethical responsibilities of putting product to market, and the many legal aspects of protecting the good job that you do. It also examines how good new technology ideas can be captured. Finally, it examines the nuts and bolts of actually negotiating the different deals that need to be made in order to make the business viable.
Offered: Spring Semester (Wednesdays, 3:00 - 6:00 pm)
Instructor: Jason Harry

Engineering Management and Decision Making (ENGN 2125)

The primary objective of this course is to train students on tolls, skills, and beahiors requred for effective management of complex engineering, research, and business development projects. The skills and principles taught will be applicable to businesses of any size and maturity.

 The course is organized around three actionable themes: 1) project management, 2) team management, and 3) decision making. At the conculsion of the course, explicit relationships will be drawn between the "nuts and bolts" of engineering management and the higher level portfolio and strategic management of a technology company. 
Offered: Fall Semester (Thursdays 3:00 - 6:00 pm)
Instructor: Jason Harry 

Innovation and Technology Management I (ENGN 2130)

The course examines core concepts in distinct areas through four modules: (1) Industry Dynamics of Technological Innovation, (2) Formulating Technological Innovation Strategy, (3) Implementing Technological Innovation Strategy, and (4) Early Commercialization and Deployment. The Industry Dynamics of Innovation portion of the course will explore some of the drivers of technology innovation that affects all competitors within an industry. From understanding industry dynamics we will then drill down into how an organization might develop its technology innovation strategy. Implementing Technological Innovation Strategy explores execution issues concerning the flow of technology and innovation from the idea to concept to physical product or service. Early Commercialization and Deployment will focus on some of the more salient strategic and operational issues related to commercial readiness and roll-out of a technology based product or service. The emphasis will be on technology oriented entrepreneurial enterprises, but exploration will also include larger more establish organizations where relevant lessons in managing the innovation and product development process can be learned.
Offered: Fall Semester (Tuesdays, 3:00 - 6:00 pm)
Instructor: Robert Petteruti  

Innovation and Technology Management II (ENGN 2140)

This course explores concepts relevant to the management of operations in industrial enterprises with an emphasis on technology oriented firms. The topics fall into three basic modules: (1) Capacity Planning, (2) Industrial Engineering, and (3) Materials & Resource Engineering. Capacity Planning will focus on decision making regarding capacity including facility and location considerations in manufacturing and service organizations. Methods of evaluating capital projects will be introduced and applied to capacity investment decisions. The Industrial Engineering module will examine planning plant and process layouts optimal to the products or services being produced or delivered. Process quality and control concepts and techniques will be introduced. In addition, work system designs, setting operations and labor standards, compensation systems, learning curves, etc., will be explored. The Materials & Resource Engineering module will cover various aspects of planning and scheduling material, labor, and work center capacity. Inventory management techniques will also be introduced and examined as will concepts such as materials requirements planning and aggregate planning.
Offered: Spring Semester (Tuesdays, 3:00 - 6:00 pm)
Instructor: Robert Petteruti 

Technology Entrepreneurship & Commercialization I (ENGN 2150)

This course and the spring ENGN 2160 course form a sequence that develops the skills for technology-based entrepreneurship. It teaches creation of viable high-growth-potential new ventures from emerging science and technology. It is from emerging S&T that a high percentage of new jobs are created, both by existing large companies and through the formation of new companies. Students examine S&T for new opportunities, create novel product or service concepts from these sources and determine whether these concepts truly represent new business opportunities. Pedagogy is a combination of lectures, discussions, and "experiential learning", with work undertaken as a two-semester project.
Offered: Fall Semester (Mondays, 3:00 - 6:00 pm)
Instructor: Angus Kingon 

Technology Entrepreneurship & Commercialization II (ENGN 2160)

This course and the prerequisite fall course ENGN 2150 form a course sequence that develops the knowledge of, and embeds the skills for, technology-based entrepreneurship. While students examine science and technologies sources, and create a portfolio of opportunities from these in the prerequisite, this course continues by developing selected opportunities into a compelling business case for the creation of a high growth potential new venture. Once again, learning is by a combination of lectures, discussions, and "experiential learning", with work undertaken as a guided two-semester project.
Offered: Spring Semester (Mondays, 3:00 - 6:00 pm)
Instructor: Angus Kingon 

Globalization Immersion Experience & Entrepreneurship Laboratory (ENGN 2180)

In this course, students will gain a better understanding of the political, social and cultural dynamics that influence entrepreneurial enterprises in different world regions. Meetings will be arranged with high technology companies and their venture arms, academic incubators, investment professionals, legal professionals, government officials, entrepreneurs, and other university faculty and students. The semester becomes a global entrepreneurship and innovation "laboratory" where students experience and take part in lectures from experts working in other countries. Classroom discussions, student presentations, papers and readings will be used to focus and further understand the globalization dynamic and its relationship to entrepreneurship.
Offered: Spring Semester (Thursdays 3:00 - 6:00 pm)
Instructor: Patrick McHugh