innovation acceleration partner fellows program approaches to improving commercialization and...
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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
http://www.sces.wustl.edu/http://www.ideabounce.com/