Tech Commercialization Project

(TCP) in Kazakhstan

Thomas D. Nastas

Member

International Science & Technology Board (ISCB)

Tech Commercialization Project, Kazakhstan

What Gaps Exist in Peru?

Basic &

applied

research

Proof of

concept &

bench

model

Prototype

Company

formation (series

A/B)

Licensing or

selling IP

Product

launch &

growth

VC investors Angel investors Public innovation funds Research funding

The Finance Chain in USA

Basic &

applied

research

Proof of

concept &

bench

model

Prototype

Company

formation (series

A/B)

Licensing or

selling IP

Product

launch &

growth

VC investors Angel investors Public innovation funds Research funding

Basic &

applied

research

Proof of

concept &

bench

model

Prototype

Company

formation

(series A/B)

Licensing or

selling IP

Product

launch &

growth

Angel & VC Investors Market Gap: No/too little $ from public or private sources

to finance proof-of-concept to commercialization: TCP

makes tech ready for customers &/or angel/VC investors

Research

funding

TCP Finances the Market Gap in

Kazakhstan

Why Finance this Market Gap?

So Tech Meets Customer &/or

Investor Needs—to Prove that:

“Yes a Market

Exists!”

“Yes, Customers

‘Get It!’” “Yes the

Tech

Works!”

“Yes They Pay!”

SRG 1st Round proposals (301) received by March 31, 2011 SRG Short-listed proposals (23) selected by May 19th, 2011

JRG Proposals Short-listed (12) selected by May 19th, 2011

And Tech & SMEs Are Ready for

Markets & Customers (& Venture Capital

if Needed)

SRG 1st Round proposals (301) received by March 31, 2011 SRG Short-listed proposals (23) selected by May 19th, 2011 1

1

3

3

1

3

agriculture

medicine-pharma-biotech

ICT-education

nanotechnology

construction

oil-gas

SRG + JRG Proposals (12) Selected: 15 June 2011

10 Projects Financed in 2011

$10.5 million Committed ≈$1 million/project

3

2

12

1

2

1

agriculture

medicine-pharma-biotech

ICT-education

nanotechnology

electronics

oil-gas

metallurgy

SRG + JRG Proposals (12) selected: 22 June 2012

12 Projects Financed

$13 million Committed ≈$1 million/project

Financing Results (as of 15.11.2013)

SRG + JRG Proposals (12) selected: 14 November 2013

12 Projects Financed

$10.5 million Committed ≈$875,000/project

Big Demand for Commercialization

Financing

In 2012 International Science & Technology Board (ISCB) received:

• 208 research proposals from Senior Research Groups (SRG)

• 24 research proposals from Junior Research Groups (JRG)

12 projects selected for finance, $13 million committed ≈

$1+ million/project

In 2011 International Science & Technology Board (ISCB) received:

• 304 research proposals in Senior Research Group (SRG)

• 63 research proposals of Junior Research Group (JSG)

10 projects selected for finance, $10.5 million committed ≈

$1+ million/project

Details of TCP at this link (in English, Russian & Kazak)

In 2013 International Science & Technology Board (ISCB) received:

• 168 research proposals from Senior Research Groups (SRG)

• 32 research proposals from Junior Research Groups (JRG)

12 projects selected for finance, $10.5 million committed ≈

$875,000/project

Criteria for Selection

(i) The quality of the proposed technology

Is the proposed tech innovative?

Can it contribute significantly to the state of knowledge in its field?

How does the proposed research compare to established programs?

(ii) The impact of the proposed program

To what extent will the project enhance the infrastructure for

research, commercialization, and partnerships with industry?

What are the potential impacts on technology commercialization?

Will the results be disseminated broadly to enhance scientific and

technological understanding?

Criteria for Selection Continued

(iii) The path to success

Are the costs reasonable and are the time and resources (human

and monetary) dedicated appropriate to the program and to

accomplish the goals?

Is the management plan appropriate?

Are there any issues that might prevent the successful execution

of the program?

(iv) Alignment with commercialization aspect

Does the proposed technology align with the goals of the Technology

Commercialization Project, finance proof-of-concept thru market

commercialization to customers?

What Gaps Exist in Peru?

Basic &

applied

research

Proof of

concept &

bench

model

Prototype

Company

formation (series

A/B)

Licensing or

selling IP

Product

launch &

growth

VC investors Angel investors Public innovation funds Research funding

To Scale the Start-Community in Peru & Make

an Active Innovative Ecosystem?

Next Steps

*ITE=Investment, Technology &

Entrepreneurship

Solution #1: For

Entrepreneurs

‘Shape’ business models (e.g.,

clonentrepreneurship) to risk

behavior of local investors

+

Solution #2: For

Investors

Venture initiatives (e.g., deal

flow funds) ‘shaped’ to risk

behavior of local investors

+

Solution #3: For Development

Finance Institutions & the Gov’t

Grant schemes which advance

innovation thru commercialization—

improve the quality/quantity of IP for

market acceptance, e.g., model to

$85MM Tech Commercialization

Project in Kazakhstan

*ITE=Innovation, Technology

& Entrepreneurship

mentor entrepreneurs to

‘sell risk—then

opportunity’

mentor to build an early

stage tech portfolio

*Click link to open & read

Thomas D. Nastas

Nastas Bio + Nastas Funds (global) Tom@IVIpe.com

www.scalingupinnovation.com www.IVIpe.com

http://www.linkedin.com/in/thomasnastas

Tel. +1.517.899.1432/+7.985.923.4727

Innovative Ventures Inc. Michigan & Moscow (Russia)