Believe in Ohio Stem Commercialization Plan Template

BELIEVE IN OHIO STEM COMMERCIALIZATION PLAN TEMPLATE NOTE: DELETE ALL TEXT IN BLUE BEFORE SUBMIITING TO YOUR TEACHER.

Expectations of plan report: Reports must be typed. Clear and concise writing is expected. Please avoid using personal pronouns in the text. Do not use cute project titles. Title MUST reflect the contents of the report. Edit text sharply removing needless words, and proof carefully. Expect to write numerous drafts. Number all pages except for the cover sheet (which is page 1). If requested for regional and state competition, electronic versions (use your last + first name as the file name (e.g. SmithCarol.pdf) must contain the entire report in a single Adobe PDF file.

Format of report: The written report shall not exceed 12 single-spaced, typewritten pages. Reports may be single or 1.5-spaced. Type all pages "flush left” with 1” margins. Do not justify paragraphs. Optional indentations for first lines of paragraphs. Please keep type size reasonable, at least 10 points; preferably 12 points for better legibility except in tables or on graphs, sketches or engineering drawings. We recommend 10, 11 or 12 point Times New Roman, Century Schoolbook, Arial, Calibri or Myriad Pro.

NOTE: Reports generally follow the Ohio Roadmap to Future Jobs and Prosperity Mileposts with one exception: Combine Mileposts 3 and 9. Report must include and follow section headings, below, but do not break pages between headings. Section headings (Parts) need not be numbered. Type continuously, starting on page 2 immediately (on the same page) following the Executive Summary.

SAMPLE FORMAT FOR COVER SHEET – INSERT YOUR ACTUAL INFO ABOVE IN BLACK Type all flush left, ragged right; do not justify. Do not type line instructions. Although the Cover Sheet is the first page, do not type page number on Cover Sheet

Part 1. Cover Page with Elevator Pitch Line 1 Type your full name (if team, type name of each team member separated by a comma) Line 2 Type your current grade level (if team, type grade of each person as above with commas) Lines 3-4 Type your project title (i.e. Plan name) in Italics Line 5 Judging category Line 6 Type plan type here (Either Commercialization Plan or Business Plan) Leave Line 7 blank Lines 8-10 Type Elevator Pitch here (add additional lines as needed, maximum of 3 sentences)  An elevator pitch is a short, engaging statement that describes your idea sufficiently to interest a potential investor or collaborator in it. It’s called that because it can be said during an elevator ride.

The following is an example for someone competing as an individual: Part 1. Cover Sheet with Elevator Pitch Ms. Carol A. Smith 11 Prosthesis Safety Device Medical Devices, Products & Services Commercialization Plan

Elevator pitch: Prosthesis Safety Device provides audio and visual signals to an amputee when a residual limb is correctly locked in its socket. The device works with traditional prostheses for upper and lower extremities. As a result, the patient will be aware if the prosthesis is properly applied and safe to use.

The following is an example for a group competing as a team: Part 1. Cover Sheet with Elevator Pitch Ms. Carol A. Smith, Mr. Conner H. Jones, Ms. Sally R. Brown 11, 12, 10 Prosthesis Safety Device Medical Devices Product & Services Commercialization Plan

2 Part 2. Executive Summary: An Executive Summary provides a concise summary of your plan and its most important points. The Executive Summary must be written in a manner that a person, who may not be familiar with your topic, can understand what your plan is all about.

 Write this part last after you have completed all the other parts of your plan.  This part includes your discussion at Milepost 12.  The Executive Summary should include 250 or fewer words. (250 words is about half page).  Pick up the lead sentences of each part and weave a coherent summary of the entire project. It’s unlikely that a first draft will be competitive. You will have to write this numerous times and edit sharply to be competitive. Omit needless words. Self-edit and seek help from others to edit.  Ask several other people who know nothing about your project to read your Executive Summary to see if they understand it. If they don’t, we suggest that you re-write it until your plan’s message is easily understood.

Part 3. Problem Summary and Proposed Solution: In this part provide a short summary (couple of sentences) that describes your Problem Statement/ Pain Point/ Market Opportunity (Milepost 1) and another short summary that describes your proposed solution (Milepost 2). Be as clear and precise as possible. Describe the “scope” of the problem. How many people does the problem affect?

Part 4. Summarize the STEM Concepts and Principles Underlying the Overall Plan: This part of your plan should summarize, then explain the application of the key STEM concepts* underlying your solution and demonstrate to the reader that you have a reasonable working knowledge of the key STEM concepts*. (Combine Mileposts 3 and 9)  If your idea is based on existing or developed science that has not previously been applied in the way that you propose, discuss how that science provides a feasible basis for your product, service or other concept idea.  Also discuss what additional science research or development may be required to bring your idea to fruition.  If your proposed solution is based on several STEM concepts, focus on 1-3 key concepts.  Include your discussion at Mileposts 3 and 9.  Summarize in 500 or fewer words (about one page).

* These are the big ideas in science, technology, engineering and mathematics on which your solution depends. For example, in science: gravity, laws of physics, electromagnetism, atomic theory, material properties (Such as acoustical, atomic, chemical, electrical, environmental, magnetic, manufacturing, mechanical, optical, radiological and thermal.), cycles (water, rock,

3 carbon, nitrogen, astronomical, electromagnetic, circadian rhythms) and any theory or law that, if applied, produces or predicts statistically valid outcomes or results.

Part 5. Commercialization Assessment of the Overall Plan: Include at least a brief discussion of each of the topics discussed at Mileposts 1 & 2 and 4 - 8, followed by your assessment of your plan’s overall commercial feasibility. This is a key part of your plan and may be 1-2 pages long. Write convincingly. Briefly discuss the following topics:

Problem, pain point or market opportunity:

Proposed solution:

Target customers and intended users:

Competitors:

Customer value proposition & competitive advantage:

Principal revenue streams expected:

Principal startup and operating costs expected to be incurred

Part 6. Science and Technology Proof of Concept: This section provides an assessment of the science and technology concepts and principles underlying your plan and provides a science and technology proof of concept of the feasibility of your idea. This part should be the core of your Commercialization Plan. As such, it will likely need to be several pages long to cover all the required information adequately relative to these discussion points:

Review and assessment of the scientific literature: What does the scientific community already know that is relevant to your idea? You do not need to summarize every paper in the field.

Discussion of your findings with relevant cited references: Include a list of cited references at the end of your Plan.

Statement of a single, clear and compelling (1) testable hypothesis or (2) engineering design:

Inquiry or design-based discussion: Your writing should include an inquiry or design-based discussion rather than simply a summary of knowledge. Your writing should also include a discussion of any prototypes and models that

4 you may have created (including computer and mathematical models) with strong data analyses. Discuss additional research, design, prototyping or analyses that should be done.

Data tables, graphs, charts, sketches, engineering drawings or photos of prototypes or models, and cited references:  Present data in tables (labeled as Table 1, Table 2, Table 3, with legends and captions) and/or graphs, but do not repeat data from a table in a graph or vice versa. Use only one or the other. You may have tables and graphs if the data are not the same.  You may include concept sketches, measured drawings, renderings or photographs of models or prototypes. Identify as Figure 1, Figure 2 or Figure 3, etc. with captions.  You must credit sources of illustrations unless you create them..  Avoid using copyright or trademark/service marked illustrations for which you do not have permission. If permission if granted, indicate Copyright © and owner and date, or trademark/ service owner and date.  For style guidance, please follow the Publication Manual of The American Psychological Association. Please do not follow the Modern Language Association Style Manual and Guide to Scholarly Publishing.

Part 7. Acknowledgements: Identify and thank those who helped you and describe what they did.

Part 8. References Cited:  References Cited in text from all of the above sections.  Do not use the term Bibliography.  Use “hanging indentation” formatting.  With References Cited, include ONLY those used in your text. Fewer, high quality references specifically for your plan are better than an extensive list that has no citation in the text.  Arrange entries alphabetically by last name of first author.  All web references must cite accessed date and include a fully retrievable URL. Here is an example of how to cite a web reference that you might access online through search engines such as http://scholar.google.com/ :

Daniel, M-C & Didier, A. 2003. Gold Nanoparticles: Assembly, Supramolecular Chemistry, Quantum-Size-Related Properties, and Applications toward Biology, Catalysis, and Nanotechnology. Chem. Rev., 2004, 104 (1): 293–346. Accessed 01 Dec 2014: http://faculty.washington.edu/markeh/MSE599/Daniel_Chem_Review_2004.pdf

 This is how an entry would appear if you actually had a physical copy of the publication:

5 Daniel, M-C & Didier, A. 2003. Gold Nanoparticles: Assembly, Supramolecular Chemistry, Quantum-Size-Related Properties, and Applications toward Biology, Catalysis, and Nanotechnology. Chem. Rev., 2004, 104 (1): 293–346.

 We permit minor variation in citation entry format, but the writer should be consistent and provide full information allowing someone else to retrieve the references independently.

 For further guidance on citation style, please follow the Publication Manual of The American Psychological Association. Please do not follow the Modern Language Association Style Manual and Guide to Scholarly Publishing.