nano startup challenge teams feb 2 2016 ·...

Discussion Document: July 6, 2009Nano Startup Challenge in Cancer (NSC2) Overview

By: Rosemarie Truman, Founder and CEO, The Center for Advancing Innovation

January 2016

2 Proprietary and Confidential to The Center for Advancing Innovation. Do not distribute

Goals of The NSC2

• Nanotechnology and Cancer Focus: Accelerate the translation and development of nanotechnology solutions for the early detection, diagnosis, and treatment of cancer

• Collaborative Environment: Advance the translation of cancer nanotechnologies by developing collaborations* between industry, research, academia, etc. and creating a forum for knowledge exchange

• Economic Growth: Spur economic growth through new startups and jobs

• Entrepreneurship Learning: Provide entrepreneurial education programs for scientists

• Business Model: Leverage new business model to advance Federally-‐funded inventions through startup challenge

• Technology Transfer Memorandum: “Accelerate and increase the volume of Federally funded technology transfer in support of high growth businesses”

*involving not only the Federal Government but also companies, health systems, patient advocacy organizations, philanthropists, state governments, research universities, private research institutes, and scientific societies

3 Proprietary and Confidential to The Center for Advancing Innovation. Do not distribute *Inventions can be found in the USPTO and criteria are listed on http://www.NSCsquared.org

**Collaboration agreements will need to be negotiated with the NIH; the NIH is not obligated to enter into a collaboration and/or licensing agreement

Overview of Phases: 500+ people enter; we expect approximately 15 startups

Phase 0: Enter Challenge

Phase 1:Elevator Speech

Phase 2:Business Plan Post-‐ContestPhase 3: Startup

Oct. 12th 2015 –Mar 1st 2016

Mar 2nd – Apr. 10th2016

Apr. 11th – Jul. 18th2016

Jul. 19th – Aug. 28th2016

Post Aug. 28th2016

Teams:• Select an NIH furnished invention or find an invention*

• Form a team involving medical, business and entrepreneur disciplines

• Enter challenge

30 Teams per Invention

Invention 1

5 Teams per Invention Move Forward

• CAI provides training and mentoring

• Teams produce:• Elevator speech• Executive summary

• Entries undergo public voting

• CAI evaluates

3 Teams per Invention Move Forward-‐

• CAI conducts continued training

• Advisors perform Q&A • Teams produce a

Business Plan and associated pitch

• Judges evaluate proposals/teams and select winners

• CAI provides prize

Invention 1

Up to 3 Startups for Each Invention

Winners and finalists: • Revise Business Plans • Launch startup• Raise seed funding

leveraging investors CAI has established

• Apply for a license• Enter accelerators

“Startup Winner”Has Licensing Agreement andSeed Funding

New startups:• Potential to

collaborate with inventors**

• Develop and commercialize a product

• Impact the standard of care

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How you can join the challenge

1. Tell your friends and colleagues from your alma mater, labs, etc. and form a team2. Bring in a 3rd party invention OR Choose an NIH Invention:

http://www.nscsquared.org/inventions.html3. Team Leader: fill out the Letter Of Intent Form4. Have ALL team members submit their CDAs5. Submit your resumesFor any questions, contact [email protected] or visit http://www.nscsquared.org/enter-‐now.html

Proprietary and Confidential to The Center for Advancing Innovation. Do not distribute

Find Team Members HereNanotechnology Startup Challenge in Cancer

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We have several testimonials from the participants of past challenges

Participating in the Neuro-‐Startup Challenge these past few months has broadened the horizons of each team member of NeuroCognetix, and inspired new goals and desires for commercializing new technologies through successful startup businesses. The Challenge provided an interesting learning experience and a compelling opportunity to interact with accomplished business leaders, NeuroCognetix

The Neuro Startup Challenge originally offered us an avenue to learn about Biotechnology and Small Businesses through a hands-‐on experience. We were able to apply our different backgrounds to start a business. However, by the end, the challenge offered us something so much more. With their mentoring and relationships, the Neuro Startup Challenge gives EncepHealTherapeutics the opportunity to help over 22 million people affected by substance abuse, many of which, do not have options when it comes to FDA treatments, EncepHeal

The Breast Cancer Startup Challenge (BCSC) has truly been the greatest experience of my academic and professional career. I have been successful in many academic competitions in the past, however the BCSC has set up teams for success unlike any other competition… Going forward, we should all look forward to the foundation of many great startups from similar CAI and NIH Startup Challenges. OncoLinx

I feel that the Breast Cancer Startup Challenge (BCSC) is one of the most well-‐organized start-‐up challenges conducted. Right from initial selection of participating teams until announcement of winners and subsequent start-‐up mentorship, at each step, Rosemarie and her team represent clarity of vision, structured planning and near perfect implementation, Heragen


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Partners of the Nano Challenge and Past Challenges

NCI partnered with CAI to launch the Neuro and Breast Cancer Startup Challenges, and provided inventions that were the bases of both challenges. The Nano Startup Challenge in Cancer will involve inventions from NCI, NIBIB, and academia.Mission to accelerate and increase the volume of invention commercialization. Holds nine Partnership Intermediary Agreements across HHS to identify promising inventions and assist in commercialization. Partnered with NIH to orchestrate the Breast Cancer and Neuro Startup Challenges in the past.

Judges and Advisors (Past Challenges)

Challenge Partners


nano startup challenge teams feb 2 2016 ·...

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