Stoney’s British Pub
3007 Concord Pike
MSE, University of Pennsylvania
“Why Start-ups and New Products Fail and How to Avoid It”
Commercializing technologies developed on the lab bench is the dream of many research scientists and engineers. However, to maximize the likelihood of commercialization, it is important to be aware of the failure modes that bedevil technologies when companies try to develop them into new products. Learn the main reason why new products fail through examples that span a wide range of companies and industries and take lessons from the ones that have succeeded. At the heart of this is how to bring to market something that is solving a real unmet need within an ecosystem that is primed to accept the innovation.
In this seminar, Dr. Vanessa Chan, will discuss what she’s learned as 1) a partner at McKinsey & Company helping Fortune 100 companies launch their new technologies 2) an entrepreneur launching her own invention and 3) an angel investor investing in technology led start-ups.