Business Plan
As part of the Senior Capstone Project, students are expected to create a business plan which include funding, process, production, cost - fee - profit estimation ... For details and guidelines please see attached document.
Note to adviser: Business plan can and shall be integrated into the Statistics and Risk Management or similar course in senior year. Such interdisciplinary collaboration will increase the quality of product.
Students shall present their projects and business plans to a committee which should include local businesses, investors, engineers, developers etc... Presentations should be in a "Shark Tank Style".
Goal of the shark tank presentation is to convince investors to fund the business and production of the prototype.
See below videos to have an understanding of "Shark Tank Style".