Abstract
Mechanical Engineering and Commerce students were teamed up with the task of developing a new product, using a patented technology provided by a corporate sponsor. The context in which students worked resembled a real business setting as the tasks to be performed were similar to those of a cross-functional team responsible for the design of a new product or of an entrepreneurial team involved in a high-technology start-up. Students rated the experience as very positive: it represented an opportunity to get a taste of the ‘real world’ and learn about both new product development and the venture start-up process. The corporate sponsor also benefited from the project as it revealed a new commercial application for the company's patented technology.
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