Innovation Acceleration Partner Fellows ProgramApproaches to Improving Commercialization and Innovation

 

National Science Foundation Partner for Innovation Award ID: 0650294Washington University in St. Louis and the University of Missouri-Columbia

Presented to: Tiger/Kauffman Sponsored Workshop

February 27, 2010

Ken Harrington

Washington University in St. Louis

Innovation Acceleration Partner Fellows ProgramApproaches to Improving Commercialization and Innovation

 

National Science Foundation Partner for Innovation Award ID: 0650294Washington University in St. Louis and the University of Missouri-Columbia

Presented to: Tiger/Kauffman Sponsored Workshop

February 27, 2010

Ken Harrington

Washington University in St. Louis

OverviewOverview

1. Grant goals

2. Approach

3. First year outcomes

4. Issues for year two

5. Valley of Death

Grant GoalsGrant Goals

1. Train fellows

2. Reduce roadblocks that discourage faculty

3. Find new innovation models

4. Move science from bench to the market

5. Enhance the culture

Targeted RoadblocksTargeted Roadblocks

1. Lack of time

2. Limited understanding of the commercialization process

3. Lack collaborative social network

4. Fear of publication delays

ApproachApproach

1. Focus on researchers

2. Work within the existing framework

3. Provide new support to researcher

4. Discuss possibilities openly

5. Consider “breakthrough” approaches

Involved PartiesInvolved Parties

Concept-Pre Disclosure SupportConcept-Pre Disclosure Support

Outcomes-Two Innovation ModelsOutcomes-Two Innovation Models

MeasurementsMeasurements

Wash U Basic Science ModelWash U Basic Science Model

IAP FellowsIAP Fellows

Amit Kumar Ph.D. Molecular Biophysics

Justin Brown Ph.D. Pharmacology

Kunal Rehani Ph.D. Immunology

Overview of Wash U TechnologiesOverview of Wash U Technologies

Triage I Criteria:• Technology • Licensing or start-up• Stage of development• Intellectual Property (IP)

Triage II Criteria:• Triage I Criteria AND…• OTM approval• Inventor enthusiasm• Market analysis• FDA regulatory process

Opportunity Evaluation ToolOpportunity Evaluation Tool

Majority OTM SuppliedMajority OTM Supplied

75 Opportunities

Five Opportunities SelectedFive Opportunities Selected

Other Potential OpportunitiesOther Potential Opportunities

Mizzou BioDesign ModelMizzou BioDesign Model

BioDesign FellowsBioDesign Fellows

Rebecca Rone MS BioEngineering

Anthony Harris MD/MBA

Jonathan Thompson Jr. MD

Three Phases of BiodesignThree Phases of Biodesign

Phase One (Physician)Clinical Emersion

Phase Two (Engineer)Product design

Phase Three (MBA)Business Development

MD

MBA

ENGCritical Mass

Program Detail – Applied ResearchProgram Detail – Applied Research

Needs & Needs & SolutionsSolutions

ProductProduct

Business PlanBusiness Plan

Tools: Needs DatabaseTools: Needs Database

Rapid IndexingRapid Indexing

First YearFirst Year

15 Invention Disclosures1/8 of all FY09 Columbia campus disclosures

2 Provisional Patents Filed Prototype animal testing Founding of Limited Liability Company

SBIR application submitted

Missouri LSRB commercialization letter of intent

MU Invention DisclosuresMU Invention Disclosures

9 Minimally Invasive Devices 3 Real Time Patient Monitoring Devices 2 Minimally Invasive Cosmetic Devices 1 Laparoscopic Trainer

Innovation Model ConstraintsInnovation Model Constraints

Entrepreneurial expectancy

Perceived need for new outcome

Entrepreneurial self-efficacy

Entrepreneurial intent

Entrepreneurial desirability

.

Have idea for start-up

Have idea for start-up

Fellows’ ImpactFellows’ Impact

What Environmental Factors are the Multipliers Creating

Entrepreneurial Intent?

Year 2 IssuesYear 2 Issues

Logic # quality opportunities # undisclosed

opportunities # concurrent projects

• Triage

• Types of technology

• Start-up

Environment Fellows’ skills Duration of fellowship Fellow funding ($60K@)

Proof of concept and prototype funding ($TBD)

Patent funding Transaction costs & time

Valley of DeathValley of Death

Proof of Concept Funding

Lower Transaction Cost

Faster Resource Access

Entrepreneurial Partner

Rapid Prototyping

Invention Disclosure

Rapid Prototyping

Value Milestone

Regulatory Process

Faster Decisions

Key Questions?Key Questions?

1. Process improvement?

2. Structural change?

3. Amount of resources?

4. Sustainability?

5. Level of breakthrough

Contact InformationContact Information

Ken Harrington, Managing Director

Skandalaris Center for Entrepreneurial StudiesWashington University in St. Louis

Campus Box 1133One Brookings Drive

St. Louis, Missouri 63130

314-935-9134harrington@wustl.edu

http://www.sces.wustl.edu/http://www.ideabounce.com/