phase 0-3: finding resources in the state mahendra jain [email protected] sbir/sttr innovation summit...
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Phase 0-3: Finding Resources in the State
Mahendra [email protected]
www.kstc.comhttp://ksef.kstc.com
SBIR/STTR Innovation Summit
December 3, 2015Austin, TX
KSTC Mission and Functions
To strengthen the capacity of people, companies and organizations to develop and apply science and technology and compete responsibly in the global marketplace.
KSTC is an independent, non-
profit company founded in 1987
http://www.kstc.com Education
R&DTechnological
Commercialization
Start-Up Companies
Entrepreneurship
State ResourcesUniversities / Faculty (Equipment; Technical
experts)Incubators (Equipment; Research facility)University IRB Board (Animal use; Human
subjects)Economic Development Agencies /
Chamber of Commerce /Venture Clubs(Market feasibility; Economic feasibility)
State Funding Programs / Angel Groups / VCs(Company capitalization)
Kentucky Programs for Entrepreneurs
Kentucky Offers a Variety of Programs to develop entrepreneurial ecosystem for:
New Venture Formation – Innovation Driven
CapitalizationBusiness Assistance and Expansion Job Creation Talent Development
State Resources For Moving Idea to Marketplace
Com
merc
ializa
tion
Time
Basic Research
Applied Research
Seed Fund
WC Infusion
Innovators / Entrepreneurs
Entrepreneurs
Product Rollout
SuccessfulVenture
Start-UpPOST SBIR/STTR
GRANT ASSISTANCE
PRE-SBIR/STTR ASSISTANCE
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Entrepreneurial Innovators
Kentucky Science and Engineering Foundation (KSEF)
R&D Excellence Program for Advanced Research Kentucky Commercialization Fund (KCF)
Technology Commercialization
GOAL:Technological innovations: increased IP
activityNew businesses
Kentucky SBIR/STTR Program
Pre-application Assistance Notification of Federal and State Funding Opportunities:
Through Social Media; E-mail Blasts; Web Notifications Mentoring: One-on-one Consultation for Matching with
Federal Agencies; Identifying Technical and Business Mentors Training: SBIR/STTR Seminars; Workshops and Conferences Other Outreach Media: Webinars Grants: Phase Zero and Phase Double Zero (up to $4,000) Networking: SBIR Connect Meetings Two Times per Month
Post-award Assistance Kentucky SBIR/STTR Matching Grants Review of Comments
Entrepreneurial Leave University of Louisville and University of Kentucky
Kentucky SBIR/STTR Matching Funds Program
(Created and funded by KY Cabinet for Economic Development)
Program Initiated and Funded by CED-OOE Since 2006
Provides Matching Funds for Both SBIR and STTR Grant Awards: Doubles the Money
Quarterly Application with Complimentary Tasks and Independent External Panel Based Review Process
Phase I Matches Up to 100% – but Not to Exceed $150,000 – for Exploration of
Technical Merit or Feasibility of an Idea or Technology
Phase II Matches Up to 100% – but Not to Exceed $500,000 Per Year for Two Years
– to Support Full-scale R&D and Business-related Tasks
SBIR Connect Events
Connect and reconnect innovators and entrepreneurs for:NetworkingMentorshipCollaborations…
Informal environmentWith and without an agendaFixed day and time each monthLexington and Louisville
West Liberty
Williamstown
Paducah
Elizabethtown
Ashland
Paintsville
Covington
Louisville Lexington
RichmondBowling Green
Murray
Kentucky Innovation Network
Kentucky Innovation Network(Created and funded by KY Cabinet for Economic
Development)
Provides Business Assistance through 13 Locations Business Development Consultation Business Model Consultation Validation and Market Assessment Assistance with Growth Strategy Access to Service Providers Access to Professional Networks Connections to Potential Suppliers / Business Partners Access to Funding Resources and Capital Networks Coaching throughout Fundraising Efforts
Kentucky Resources State SBIR Assistance Providing Organization (e.g., KSTC) Universities (UK, UofL,,,,,,,others) Economic Development Agencies: Examples – Commerce
Lexington, GLI – Enterprise Corp……and Kentucky Life Science Council (KLSC)
Kentucky Innovation Network: 13 offices (provide business assistance)
Incubators and Accelerators (located around the state) Mentors : Technical and Business Kentucky SBIR/STTR Phase Zero and Double Zero Grants Kentucky SBIR/STTR Matching Funds Program (matches up to
$150K Phase I and up to $500K/year Phase II) Seed Capital: Kentucky Enterprise Fund, Commonwealth Seed
Capital Fund; Enterprise Angels and Bluegrass Angels; Vogt Invention and Innovation Award
Tax Credit Programs: Kentucky Small Business Tax Credit Initiative; Kentucky Small Business Tax Credit; Angel Investment Tax Credit
State Resources For Innovation and Entrepreneurship
Com
merc
ializa
tion
Time
Advanced Research: KSEF
Tech Commercialization:KY Commercialization Fund
Seed Fund
WC Infusion
Innovators / Entrepreneurs
KY Matching Funds; KEF; CSC; and, KyIN
Entrepreneurs
Product Rollout
SuccessfulVenture
Mentoring; Workshops; and, Phase 0 / 00 Grants
Start-UpPOST SBIR/STTR
GRANT ASSISTANCE
PRE-SBIR/STTR ASSISTANCE
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Questions?