Collaborative Innovation Program
Put the theory of innovation into practice. Transform your ideas into impact.
The Mack Institute’s Collaborative Innovation Program connects students with business leaders and researchers in the study of innovation management and its practical application. Through this program, students collaborate with our corporate partner companies to address existing challenges within their organizations.
Watch a recording of the July 28 info session.
How the Program Works
Corporate partners propose a current business challenge they’re trying to address, and the Mack Institute facilitates student teams to work on the challenge.
Guided by Wharton faculty, students selected for the program may provide the following: industry analysis, competitor analysis, general environment analysis (trends and uncertainties including political, technological, global, and sociocultural segments), and assessment of the organization’s internal strengths and weaknesses. Specific analysis will depend on the corporate partner’s objectives for the project.
The institute’s corporate partners include the following industries: automotive, pharmaceuticals, electronics, consumer products, government, and professional services.
Benefits to Students
- Enrollment in MGMT 892 for 1 credit. This program is now offered in both the fall and spring semesters
- Access to Mack Institute corporate partners in leading organizations
- Opportunity to gain hands-on experience with innovation management challenges and promote innovation within an established company
- Build and work with interdisciplinary teams
- Exposure on topics including developing organizational ecosystems, business model innovation, and managing emerging technologies
MGMT 892 has a no-drop policy. Once you have been selected for the class and formally accept a project via email, you will not be able to switch teams. You will be required to sign non-disclosure agreements prior to classes beginning on your project.
Do I need relevant work experience in the industry for which I am applying?
No, you don’t need work experience in the same industry as the project. Having skill sets that will help you contribute to the project will be helpful but is not required. The Mack Institute will look at your overall resume for selection.
Am I at a disadvantage if I apply individually rather than as a part of a group?
No, each member of a group application will still be evaluated for the relevant skill sets and interest in the project(s) they’ve requested. The option of applying in groups simply helps the Mack Institute form cohesive teams and turn applications around in a more efficient manner.
How much time should I expect to spend on this course?
You should expect to spend as much time on this course/project as you would for any 1cu course. This course has only two classroom sessions, so the hours that you’d otherwise spend in classes, reading for classes, and project work beyond the classroom in a 1 cu course will be utilized for work on the project.
Is the course open to non-Wharton students or students from other programs?
Yes. Depending on the content of the project, we recruit graduate students from other schools at Penn based on technical knowledge necessary for the project, relevant experience, interest in learning more about consulting/management, and other criteria as applicable.
In addition to full-time MBA students in Philadelphia, we also encourage students in the Semester in San Francisco and the Wharton Executive MBA program (both Philadelphia and San Francisco) to apply.
How will team meetings be scheduled for members in different time zones?
Working globally is a necessity of the modern marketplace. Teams will be expected to work both internally and with sponsor companies along mutually accepted meeting times. The Mack Institute will set up virtual meetings with sponsor companies once the team decides on the meeting times.
Will an NDA or CDA be required to participate?
It depends on the company/project: while some companies will not require it, others will ask that students sign a limited NDA to participate on the project.
What major will this course count towards?
It often depends on the subject of the project; please refer to Joe Nebistinsky (email@example.com) with specific questions.
Have a question not covered here? Contact us at firstname.lastname@example.org.