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Entrepreneurial Engagement Ohio  - PO Box 470563 - Cleveland, Ohio 44147-0563 - Email: info@eeohio.org

Copyright 2013-2017

How To Develop a STEM Business or STEM Commercialization Plan

Students, you may find it helpful to watch a series of short videos done by Believe in Ohio Co-Director John Klipfell that will walk you through the development of your Business Plan using the “Ohio Roadmap to Future Jobs & Prosperity”.  Each video is only a couple minutes long and they may be viewed on an individual basis or all five in sequence.

Click To Launch Video Vid ID Video Title Speaker/Video Creator Video Description
F01 How to Prepare For and Develop Your STEM Plan Mr. John Klipfell, Exec Director, Entrepreneurial Engagement Ohio Where You Want To Go & Why

Before starting the journey, let's think about where you want to go and why. (2:40)
F02 How to Prepare For and Develop Your STEM Plan Mr. John Klipfell, Exec Director, Entrepreneurial Engagement Ohio How To Get There & What We Are Looking For

In preparation for the journey, let's determine how to get there and what we are looking for. (5:00)
F03 How to Prepare For and Develop Your STEM Plan Mr. John Klipfell, Exec Director, Entrepreneurial Engagement Ohio Working Through Mileposts 0-3

This video explains a bit more about how to choose a STEM plan idea and walks you through the early steps of the process. (5:23)
F04 How to Prepare For and Develop Your STEM Plan Mr. John Klipfell, Exec Director, Entrepreneurial Engagement Ohio Working Through Mileposts 1-8

This video shows how to take a sample STEM plan idea on the journey from Milepost 1 to Milepost 8. (11:39)
F05 How to Prepare For and Develop Your STEM Plan Mr. John Klipfell, Exec Director, Entrepreneurial Engagement Ohio Working Through Mileposts 9-12

This video continues build upon the previous videos and takes the same sample STEM plan idea on the journey from Milepost 9 to Milepost 12. (6:58)

Resources To Help You With Your Plan

Instructions for Students Writing their STEM Commercialization and Business Plans

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STEM Business and STEM Commercialization Plan Templates

To help students develop and write a quality plan, Believe in Ohio offers students the following plan templates in MS Word for their use:

•  One of the required parts of our STEM business plan is the completion of a one page Financial Projection schedule.  Click here to obtain a copy of an MS EXCEL template for student use.

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Review Highly-Ranked Student Plans from the 2016 Believe In Ohio State Competition

Are You Ready For The Future? Do You Believe In Ohio?

In this video, students will see how the world has changed from generation to generation, bolstered by new technology and innovation.  This video also points students to think about the changes they will see in the world throughout their adulthood, and encourages them to adopt the skills needed to adapt to their everchanging society.


It's an excellent starting point for thinking about ideas for STEM Commercialization and STEM Business plans!

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Student Resources Page

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Patent, Intellectual Property and Publication Discussions and Understandings

Click To Launch Video Vid ID Video Title Speaker/Video Creator Video Description
F06 Milepost 00 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
An introductory explanation about the Roadmap to Future Jobs and Prosperity (4:11)
F07 Milepost 01 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What is your problem statement, pain point or market opportunity? (5:06)
F08 Milepost 02 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What is your proposed solution? (3:07)
F09 Milepost 03 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What STEM concepts underlie your proposed solution? (4:06)
F10 Milepost 04 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
Who are your intended customers and intended users? (4:04)
F11 Milepost 05 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
Who are your competitors? (3:08)
F12 Milepost 06 Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What is your customer value proposition and competitive advantage? (3:23)
F13 Milepost 07 - Part A Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What types of startup funding methods do you expect to use? (5:07)
F14 Milepost 07 - Part B Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What types of operating revenue streams do you expect to generate? (7:31)
F15 Milepost 08 - Part A Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What startup costs do you expect to incur? (7:20)
F16 Milepost 08 - Part B Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
What operating costs do you expect to incur? (7:20)
F17 Milepost 08 - Supplement Dr. Brian Davis
Ms. Courtney Gras
Mr. John Klipfell
Supplemental discussion about the dynamics of the patent process (7:21)

University of Akron “Introduction to Entrepreneurship” Supporting Video Lectures

As part of the curriculum of an University of Akron 2016-2017 online course titled “Introduction to Entrepreneurship” three credit hour course, a series of instructional videos were developed to help students understand Mileposts 1 through 8 on the Ohio Roadmap to Future Jobs and Prosperity which is a critical thinking  tool used in the course.  In the videos, Dr. Brian Davis, Chair of the Biomedical Engineering Department at the University of Akron, Ms. Courtney Gras, a dynamic, young, accomplished entrepreneur, University of Akron graduate and one of Fortune Magazine’s 30 under 30 young entrepreneurs, and Believe in Ohio program entrepreneur Mr. John Klipfell, share their experiences and add perspective about Mileposts 1-8 on the Roadmap.  Instructors and students will find these short videos instructive and are encouraged to view them.  Teachers and instructors are also encouraged to download a copy of the course syllabus and to use as much or as little of it as they wish in developing their own curriculum.

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Review the STEM Commercialization and STEM Business Plan Judging Rubrics