Identifying Market-Aligned University IP For …ncet2.org/images/basn/IP2Startup.pdfFOR STARTUPS •...

Identifying Market-Aligned University IP For Licensing and Startup Creation With Fortune 500 Feedback

The National Council of Entrepreneurial Tech Transfer

BACKGROUND

For over 2 years, NCET2 worked with over 25 Fortune 500 companies to create a university-corporate commercialization program that takes university IP and startups from creation to corporate exit.

GLENN VONK, PH.D. Director of Business Development and Alliances Startup Development Officer, NCET2 (Former BD Director of Advanced Technology)

FEDERALLY FUNDED R&D AT FEDERAL LABS ($93 Billion)

IPO / CORPORATE BUSINESS UNITS

FEDERALLY FUNDED R&D AT UNIVERSITIES ($37 Billion)

OUTBOUND CORPORATE R&D

RESEARCHER-ENTREPRENEURS

(UNIVERSITY STARTUP CREATION)

GAP FUNDING

STARTUP R&D TAX CREDITS

SBIR FUNDING

CORPORATE COMMERCIALIZATION CENTER (CCC)

ANGELS VCs

CVCs

PRIVATE FUNDING

INNOVATION DISTRICTS INNOVATION

DISTRICTS INNOVATION DISTRICTS INNOVATION

DISTRICTS INNOVATION DISTRICTS

STARTUP DEVT

OFFICERS

UNIVERSITY STARTUP

PROGRAMS

This chart, the CCC, and the information presented here are the property of NCET2.

©June2017Contact NCET2 if you wish to

share or disseminate this slide: [email protected] | http://ncet2.org

GLOBAL 1000 CORPORATE COMMERCIALIZATION COUNCIL

(NCET2 CORPORATE MEMBERS) (COORDINATION CENTER)

AMERICAN-CHINESE UNIVERSITY

GROWTH FUND UNIVERSITY

ANGELS







GAP FUNDING


SBIR FUNDING


ANGELS VCs

CVCs

PRIVATE FUNDING




STARTUP DEVT

OFFICERS

UNIVERSITY STARTUP

PROGRAMS






ANGELS

Phase 0: University IP to University Startup Program









GAP FUNDING


SBIR FUNDING


ANGELS VCs

CVCs

PRIVATE FUNDING




STARTUP DEVT

OFFICERS

UNIVERSITY STARTUP

PROGRAMS






ANGELS

Phase 1: University Startups Demo Day









GAP FUNDING


SBIR FUNDING


ANGELS VCs

CVCs

PRIVATE FUNDING




STARTUP DEVT

OFFICERS

UNIVERSITY STARTUP

PROGRAMS






ANGELS

Phase 2: SBIR/STTR Funding









GAP FUNDING


SBIR FUNDING


ANGELS VCs

CVCs

PRIVATE FUNDING




STARTUP DEVT

OFFICERS

UNIVERSITY STARTUP

PROGRAMS






ANGELS

Phase 3: University Startups Roadshows and Exits



VICTORIA SCARBOROUGH, PH.D. Startup Development Officer NCET2 (Former Sherwin Williams External Technology Director)

ABOUT IP2Startup

•  The IP2Startup program is an industry-created program

•  Allows universities to put forward their best and most promising technologies –  for selection and scoring by NCET2's Fortune 500

members –  for market readiness and potential –  for licensing and startup creation

•  The highest scoring IP will be featured in an "IP Book”

WHAT IS IT?

•  Universities produce an abundance of intellectual property that has value – Many startups license IP to start their companies – Many large companies may license technology to

further their business •  BUT some IP may have value, yet no one is

utilizing it for further development •  NCET2 has created a program that allows

universities to submit their IP for corporate vetting, feedback & licensing discussion/opportunity

ELIGIBILITY •  University IP that is not currently under license or legal

obligation can be submitted –  Universities submit 5-10 pieces of intellectual

property for review by corporate partners –  The IP must be either a granted patent or a

provisional patent –  The online form will guide your through a series of

questions regarding the type of technology, when it was submitted to the USPTO, other countries covered etc

WHAT UNIVERSITIES PROVIDE Summary description of invention

How is current need being met in the market?

What is the size of the market? What prior art exists in this area?

Incremental to existing market (1)

Transforms existing area (5) New to the world (10)

Currently being addressed as: Very well (1)

Room for more (5) Not being addressed (10)

Small market (1) Dying market (1)

Medium market (5) New Growing Market (5)

Large market (10)

Prior art greater that 100 (1) Prior are less that 25 (5)

No prior art (10)

SUBMIT YOUR IP

https://ncet2.org/SubmitIP •  Patent Title and Names of

Inventors •  Summary Description •  Need being met by

technology •  Technical Area •  Current Market and

Current State-of-the-Art

CORPORATE REVIEW •  Corporate members will review information •  They will provide some limited feedback

– e.g. Too much prior art, market is diminishing, not an area for market development

•  Scores will be provided •  Best scoring IP will be accumulated in book form

for presentation to corporate members at next meeting

•  Opportunity for discussion with corporates who have interest in the IP during & after the meeting

HOW WILL IP BE SCORED?

•  IP will be scored by NCET2 Corporate Selection Committee

•  Highest possible score of 50 –  Differentiation and

Competitive Advantage –  Competitiveness –  Market Size –  Prior Art –  Patent Scope

UNIVERSITY BENEFITS FROM DEMO DAY

•  Global exposure for your university with multi-national companies

•  University startups have access to meet 1:1 with corporates who have strong interest in their technology

•  The IP2Startup Program allows submission of 5-10 provisional or patented technologies that are available for licensing or potential startup formation

WHY SUBMIT?

•  Corporate licensing •  Startup development

– Startup Development Officers •  Works with universities to create the startups •  License the IP •  Employ student researchers after graduation •  Faculty chief scientific officer and advisers •  Find an experienced management team, advisers,

mentors •  Set-up corporate milestones •  Set-up funding milestones (SBIR, Angel, VC)

HOW TO ASK QUESTIONS•  Q&Awillbeheldattheend•  Typeyourques7onsintheQues7onsBoxofyourGoToWebinarControlPanel

20

DISCUSSION & QUESTIONS?

Contact us: [email protected] | http://ncet2.org

3 PROGRAMS HIGHLIGHTED AT THE EVENT 1.  University Startup Demo Day

•  Submit startup companies to gain presentation slots at conference and have meetings with interested corporates and investors

2.  IP2Startup Program •  Submit IP/Patents to be scored by corps and will be included in IP

Book for distribution to corps 3.  Investor Roadshow

•  American-Chinese University Fund ($1B)

SUBMITYOURSTARTUPANDIP

EarlyDeadline:July14,2017

FORSTARTUPS•  Presenta7onslotattheOct2017

DemoDay•  Recogni7onasoneoftheBest

UniversityStartupsfor2017•  AccesstoleadingFortune500/

Global1000CorporateVentureCapitalistsandOpenInnova7on,VCs,andAngels

SUBMITHERE:hRps://ncet2.org/SubmitStartup

FORIP•  BefeaturedintheIPBook•  Feedbackandscoringof

technologyformarket-alignmentandrelevancetoindustry

SUBMITHERE:hRps://ncet2.org/SubmitIP

SUBMIT EARLY!

Stats from last 2 Demo Days show that the highest scoring companies come from earlier submissions

•  2/3 submit 1 week before a deadline, 1/3 get selected

•  A little bit puzzling, we are not sure why. •  Our guess is:

•  Corporates have more time to look at the earlier companies

•  Good management team manage their time better and don’t rush things doing them last minute

UPCOMING WEBINARShttps://ncet2.org/webinars

•  June 14, 2017, 1pm ET –  The University Startups Demo Day Process: Identifying Market-

Aligned University Startups For Accelerated Development To IPO and Fortune 500 Exits

•  June 21, 2017, 1pm ET –  Creating a University Angel Group to Fund Your Student, Faculty,

Researcher and Alumni Startups •  (Co-organized with Kent State University's College of Business Administration)

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