200 Innovation BoulevardState College, PA 16802
TechCelerator “Programs”
• Research To Start-Up
• 4-week TechCelerator - Faculty & Grad Students
• 8-week TechCelerator for Entrepreneurs
200 Innovation BoulevardState College, PA 16802
Research to Start-up
• Targeted towards faculty & grad students
• A 90 minute overview
• Four sessions so far, 180 registrants
• Strong interest from faculty & grad students
200 Innovation BoulevardState College, PA 16802
4-week TechCelerator
Focus on Faculty, Grad Students & Post-Docs
Educate and Motivate Potential University Spin-offs
200 Innovation BoulevardState College, PA 16802
4-week TechCeleratorWeek 1“PSU Intellectual Property & You”. The rights and responsibilities of faculty desiring to commercialize their IP. Describe the process & hear from OTM on patents, options, licensing, and cooperation.
Week 2 Risk tolerance discussion.Live presentation by a successful entrepreneur – ex. Tom Lancaster, SmartCells
Doug Granger, Salimetrics
Week 3 Business Model Development.
Week 4 Funding options - Ben Franklin, VIF – SBIR, & Angel fundingFaculty presentations - Where will you go from here to move this forward?
200 Innovation BoulevardState College, PA 16802
4-Week TechCelerator Laser Tomography
Starch Fibers
200 Innovation BoulevardState College, PA 16802
8-week TechCelerator
200 Innovation BoulevardState College, PA 16802
8-Week TechCelerator
• Select 6 serious start-up opportunities from the region
• Requires a time & effort commitment (minimum 4-5 hrs/wk)
• Range of business types• Selection criteria includes
near term progress, funding and market viability
200 Innovation BoulevardState College, PA 16802
8-Week TechCelerator
• Program focuses on: Understanding markets, customers, market validation, minimum viable product, Business Models, legal structure, financials, and Intellectual Property.
• 2 Classes, 12 participants: formed 12 companies, >$700K start-up funding, 3 Incubator tenants, + 23 full or part-time employees
200 Innovation BoulevardState College, PA 16802
Next Offerings?
• Research To Startup– February 2013
• 4-Week TechCelerator– March 2013
• 8-Week TechCelerator– April/May/June 2013
200 Innovation BoulevardState College, PA 16802
Company Profile:Lin Wang, CEO
200 Innovation BoulevardState College, PA 16802
Summary - TechCelerator Goals
• Increase the number of successful business start-ups in Centre County
• Easy access, one stop shop for clients• Leverage the continuum of business
development services
200 Innovation BoulevardState College, PA 16802
Questions???
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