Purdue Realization and Entrepreneurship Postdoctoral and Doctoral Program
The Purdue Realization and Entrepreneurship Ph. D. and Postdoctoral Fellows (PREPP) program encourages and supports the commercialization of Purdue research. This program is open to both doctoral and postdoctoral researchers. The objective of the program is to provide financial support to doctoral students or to postdoctoral researchers so that they ca pursue the commercialization of their research. A stipend for a competitively selected Purdue postdoctoral researcher allows work for one year full-time on the commercialization process. Selected doctoral students work on commercialization of their research through supplemental funding. The doctoral program provides students with a head start on the commercialization process by the time they receive their Ph.D. degree.
The general expectation for postdoctoral fellows is that they develop and present a business plan early in the award period as the technology to be commercialized is developed and refined. Milestones are established for each PREPP fellow and can include development of a technology, applications for additional funding, marketing analyses, completion of a business plan, and participation in business plan competitions. Possible "commercialization" milestones can include competing in the Burton D. Morgan Business Plan Competition, preparation for placement in Purdue’s business incubator and preparation of materials for grants, loans, or angel funding such as writing a proposal to the federal Small Business Innovation Research Grant program.
Four companies have been started:
Following are comments from the fellows:
"When I initially joined graduate school as a research assistant, I never thought I would be competing in a business ventures competition. My goals were to understand the research aspect of my studies and I never thought to understand the business aspect. In my last year of graduate school, however, it became clear that there is a need to bridge the gap between scientific research and commercializing a product. Through the PREPP program, I have learned that commercializing a good idea not only consists of great science but also consists of a strong business foundation, understanding the market, considering the potential risks, and being able to clearly communicate the business aspect of the scientific idea."
"I can absolutely see myself involved with the commercialization of more ideas. . . While there are obviously more things to learn and new challenges to be met, I am confident that in the future, I will have a better perspective in how to approach new ideas and follow their execution."
Purdue Realization and Entrepreneurship Postdoctoral and Doctoral Program 2011-12
Bum Chul Kwon
Goal of project: The goal of my PREPP project is to deliver a web-based dietary intervention system (Food For The Heart) to the general public.
Food For The Heart presents nutritional data of food items in a graphical and interactive manner. Using the system, a user can search for nutritionally balanced foods and track her history of meal selection. My PREPP project is particularly interested in finding out an appropriate business model for Food For The Heart.
Current focus of work: My current focus of work is to evaluate the system with a focus group in A.H. Ismail Center.
Goal of project: Programs for responsible conduct in research (RCR) exist to educate scientific researchers on legal or ethically-codified issues. However, these laws and policies do not address broader questions of our moral thinking about the value and structure of the ends of research and scientific inquiry. My goal is to frame for reproduction and market to other institutions an effective method of bioethical education, discussion, and collaboration including both RCR and moral reasoning between the scientists, ethicists, and policy-makers who bring technologies and methodologies to bear on the scholarly and public spheres.
Current focus of work: My work on this project is currently focused on continued growth and transition of the Series to include graduate student support, further diversification of sponsorship, and engagement with a wider range of students, faculty, and community members. Additionally, I'm working to develop existing web resources for a more dynamic range of educational uses.
Goal of project: We have developed a nanoscale platform technology (with pIMAGO and PolyMAC as the lead products) for unmet needs in analysis of protein phosphorylation that relates to the onset of numerous diseases, most notably cancer. The goal of the PREPP project is to commercialize these proprietary nanotechnology-based products to enable more efficient discovery of cancer drugs.
Current focus of work: Optimize the fabrication of the technology and test its scalability before starting the commercialization process. In addition, we will be pursuing the development of new applications for the platform products."
PREPP Project Information
Goal of project: The goal of this project is to develop an elastically-suspended load suspension for legged robots. The Department of Defense, including DARPA and its contractors, is very interested in using robots to assist soldiers on the battlefield and to augment their capabilities. Elastically-suspended loads have the potential to significantly reduce the energetic cost of locomotion, increasing a robots’ operating time, speed, or load carrying capacity. More generally, elastically-suspended loads have the potential to increase the energy efficiency of locomotion for humans, animals, robots, exoskeletons, and vehicles. I have developed designs to utilize this technology in multiple robots, a vehicle suspension, an exoskeleton battery suspension, a load-carrying satchel, and a novel baby carrier.
Current focus of work: The current focus of this work is to develop a new prototype mechanism to demonstrate the technology on a larger scale and attract research funding. In addition, the mobility and rough terrain performance of a robot with an elastically-suspended load is currently being tested. The licensing potential of this technology through Purdue is being investigated.
About Burton D. Morgan Center for Entrepreneurship
The Burton D. Morgan Center for Entrepreneurship fosters the understanding and application of entrepreneurship with faculty and students across the Purdue campus and with stakeholders throughout the State.
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West Lafayette, IN 47907-2057
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