Co-founder and director of the Severino Center for Technological Entrepreneurship, Mark P. Rice is the director of the Lally Radical Innovation Research Project and an Associate Professor in the Lally School of Management and Technology at Rensselaer Polytechnic Institute. He is co-author of Radical Innovation: How Mature Firms Can Outsmart Upstarts, which was published by Harvard Business School Press in late 2000. Rice served as Assistant Dean and then Associate Dean between 1993 and 1998, and for the previous five years as director of the internationally recognized Rensselaer Incubator Program. He has been a director and chairman of the National Business Incubation Association, which honored him in 1998 with its Founder's Award. With Dr. Jana Matthews, he has co-authored and co-edited Growing New Ventures-Creating New Jobs: Principles and Practices of Successful Business Incubation.
As part of his Master's Degree program in Mechanical Engineering at Rensselaer in the late 1970s, Rice participated in a research program that developed advanced solar energy technologies with funding from the Department of Energy. In 1979 the research team founded a private firm, Power Kinetics, to commercialize the technology. In 1980 Power Kinetics was part of the founding cohort of companies in Rensselaer's pioneering Incubator Program, which enabled Rice, in his role as company president, to observe the evolution of the incubation program from the perspective of a participating entrepreneur.