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By Jennifer Wang

Opinions expressed by Entrepreneur contributors are their own.

Bioreactors for terraforming. An orbiting data center. The 23 students on the Space Team are brainstorming business ideas. The doors are flung open to let in the summer breeze, and a few people have kicked off their shoes. Laptops are abandoned on the tables, and everyone is huddled around the Post-it notes spread out on the carpet. Two stick-figure drawings of a rocket being launched into space have been pinned to the back wall.

The discussion goes a little like this: "We should figure out a way to capture and beam solar energy," one student says. Another counters: "But we need a more efficient way to get into space--why not do alternative launch technologies?" And a third: "What about looking into the implications of microgravity on cancer treatment?"

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