ARLINGTON - Students enrolled this fall in the
MBA Professional Cohort at UT Arlington will craft business plans for select
Navy patents with a goal of moving new technology to the marketplace as a new
component of the degree plan.
The University has signed a
memorandum of understanding allowing the College of Business to receive 210 patents
from the U.S. Navy. These patents have not yet been commercially developed. MBA
students participating in the team-based programs at the University’s Fort
Worth and Frisco campuses will review the patents and create business plans for
the most marketable technologies.
Ultimately, cohort teams will
present their plans to a panel of professors, business leaders and venture
capitalists for consideration.
Edmund Prater, an associate
professor of Information Systems and Operations Management who has organized
this opportunity for the MBA program, said some summer business students got an
early jump on the patent evaluations.
“It’s a wonderful opportunity
for students to learn about the practical steps involved in taking an idea to
the marketplace,” Prater said. “They are learning real-world entrepreneurship.”
The Navy funds a lot of research
but isn’t equipped to develop resulting technologies for commercial use. UT
Arlington and the Arlington Chamber of Commerce have partnered in an initiative
called TechComm and secured some federal funding to link patents developed by
federal agencies to private businesses that can market the technology or
commercialize products or processes that stem from those patents.
The MBA Professional Cohort
patent project stemmed from discussions between TechComm and the Navy, said Ron
Elsenbaumer, then the UT Arlington vice president for research and federal
“The idea eventually builds the
economy,” Elsenbaumer said. “It helps the government, business and the
University. Commercialization of technologies is one of the roles of a major
One early business plan from the
cohorts analyzes a patent for a portable safe room to shield people if they are
in the path of severe weather, such as a tornado or for use by personal-protection
details for celebrities and dignitaries.
William Deakyne, one of the
students who developed a business plan for the portable safe room, said he
appreciates the opportunity to participate in a program where the students
select a patent they’re interested in.
“We then have the opportunity to
analyze that patent’s potential in becoming a viable business venture,” said
Deakyne, who also is a former Army major who served in the armored cavalry. “This
approach goes beyond the normal business school case study program and provides
students with a real world business opportunity to develop.”
Deakyne said the team he worked
with spanned several disciplines, including marketing, project management and
“This approach allowed us to
apply the lessons learned in class to a real world project that culminated in
an opportunity to present our business plan to a panel of University and
community leaders,” Deakyne said.
UT Arlington’s MBA Professional
Cohort program is tailored for the working professional. Visit http://www.uta.edu/business/mba/cohort.html
for more information.
UT Arlington also offers a
15-month Executive MBA program where graduates earn a dual certificate in Asian
Business Studies, the only such combined program in Texas. Visit www.emba.uta.edu for more information.
The University of Texas at
Arlington is a comprehensive research institution in the heart of North Texas.
Visit www.uta.edu to learn more.
The University of Texas at Arlington is an Equal Opportunity and Affirmative Action employer.