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Physics Entrepreneurship Program:
An Innovation "Think & Do Tank"
Overview: The award-winning Physics Entrepreneurship Program (PEP) is a two-year professional Master of Science degree in the Department of Physics at Case Western Reserve University. The curriculum is lean and flexible. You will study graduate-level science, business, and innovation while you work on a real-world entrepreneurial project with an existing company or your own startup. PEP will help connect you with mentors, advisors, partners, funding sources and job opportunities. PEP is celebrating its 10th year in 2010.
Who Enrolls? Scientists and engineers who have an in-depth background in physics. PEP students typically have a strong work ethic, an aptitude for creative problem solving and a passion for creating and launching new things. Typically, PEP students do not wish to follow the traditional career path of researcher.
Prerequisites: Minimum of a bachelor’s degree in physics or a physics-related field, including electrical and mechanical engineering. 15% of PEP students hold a masters or PhD.
Tuition and Financial Assistance: Program tuition is approximately $40,000. Most PEP students qualify for scholarships and fellowships ranging from partial to full tuition. Teaching Assistant (TA) positions, which include partial tuition and stipend, are occasionally awarded to PEP students. Otherwise traditional graduate stipends are not available. Most PEP students are employed in a well-paying internship before the end of the first year.
Careers and Salaries: PEP alumni hold positions that include Senior Program Manager at Microsoft, Project Manager at Genentech, Technology Director at First Energy Corporation, Business Development Specialist at Logos Energy, Inc. (aka Phycal and Contained Energy), and Director of NASA's Breakthrough Propulsion Physics Project. Several PEP students and graduates have started their own companies. The average salary of PEP graduates is approximately $80,000 per year according to 2009 surveys of PEP alumni conducted by the National Professional Science Masters Association and CWRU.
Partners: JumpStart (via TechLift) and BioEnterprise assist PEP faculty in bringing the outside world to campus. This takes many forms, such as entrepreneurs and executives presenting "live" case studies in the classroom, identification of project opportunities for students, and guest speakers for the monthly PEP seminar series.
Instructors: PEP instructors have extensive international experience in both the practice and study of innovation. Students receive a mixture of theory and practical knowledge.
About CWRU and Northeast Ohio: When you join PEP, you become part of the thriving entrepreneurial culture of Case Western Reserve University (CWRU) and Northeast Ohio (NEO). CWRU ranks consistently among the top 40 colleges and universities in the United States and is ranked #1 in Ohio. CWRU is home to world-renowned people, libraries, information technology systems, teaching and research in the arts, sciences, engineering, medicine, law, business, design, and social sciences. PEP students have access to extensive library databases for research in marketing, industry, business and science. CWRU is also home to over 20 entrepreneurship-based organizations and programs, many of which are cross-disciplinary. In 2006, Entrepreneur Magazine ranked NEO higher than San Francisco, Boston, and Seattle as a hot region for entrepreneurs.
Please browse case.edu and Nortech.org for a taste of the exciting things that are happening at CWRU and Northeast Ohio.
Please contact us if you have any questions. We are looking forward to speaking with you.
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