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Federal Laboratory Consortium Mid-Atlantic Regional Meeting

Federal Laboratory Consortium Mid-Atlantic Regional Meeting. Ben Franklin Technology Partners of Southeastern Pennsylvania Susan Evatt, Senior Director Technology Commercialization Group September 15, 2005. Ben Franklin Technology Partners. Created 1982 Regionally based: 4 partners

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Federal Laboratory Consortium Mid-Atlantic Regional Meeting

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  1. Federal Laboratory ConsortiumMid-Atlantic Regional Meeting Ben Franklin Technology Partners of Southeastern Pennsylvania Susan Evatt, Senior Director Technology Commercialization Group September 15, 2005 Providing capital, knowledge & networks since 1982.

  2. Ben Franklin Technology Partners • Created 1982 • Regionally based: 4 partners • Headquarters: Philadelphia, Lehigh, Pittsburgh, State College • Private 501 c(3) non-profit corps • Statewide director for joint initiatives • BFTP/SEP: Five counties: Bucks, Chester, Delaware, Montgomery, Philadelphia • Ben Franklin Technology Development Authority • State policy board • Chaired by DCED Secretary Providing capital, knowledge & networks since 1982.

  3. Ben Franklin’s Statewide Impact • Measurable & independently verified (1989-2004) • 39,413 High Value Jobs Created & Retained • Average wage 28% morethan state average • 1,199 New Technology Companies Funded • 4,775 Products & Processes Implemented & Commercialized • Independent impact report (1989-2001) • Bolstered state economy by $8 billion • 23:1 return on the state’s investment • Generated more than $400 million in additional tax revenue Providing capital, knowledge & networks since 1982.

  4. Ben Franklin in Southeastern Pennsylvania Providing capital, knowledge & networks since 1982.

  5. Ben Franklin Technology Partners of Southeastern Pennsylvania:Our ApproachCapital…Knowledge…Networks Capital: Investment Group • Capital for innovative start-up & established technology enterprises • Partner in venture capital funds • Partner with angel investor networks • Ben Franklin Investment Partners • Pre-seed: SBIR; Proof of Concept pools • Business development assistance for portfolio companies Knowledge: Technology Commercialization Group • Product development & commercialization solutions • Increased competitiveness & market expansion • Technology-specific partnerships • Technology Commercialization Network • 20 member universities Networks: Regional Technology Initiatives • Develop, seed & implement • Longer term, transformative impact • Technology Hubs, KIZs Providing capital, knowledge & networks since 1982.

  6. Capital…Knowledge…Networks Investment Group • Direct investment portfolio: • $22+ million, 137 company investment portfolio • $110 million invested in 1,400 regional enterprises since 1983 • More than $75+ million of follow-on investment in FY’04 • Investment Partner in privately managed venture funds, capital pools and investment programs • More than money • Mentoring / Milestone Coaching; Business / Business Plan Development; Business Information & Competitive Intelligence; Management Recruitment; Advisory Board / Board of Directors; Development; Capital Contacts; Entrepreneurial / Business Networks Providing capital, knowledge & networks since 1982.

  7. Capital…Knowledge…Networks Technology Commercialization Group • Technology Commercialization Network: 20 participating institutions • Federally funded model for industry/academic partnerships • Dual approach: one-on-one company/university projects; collaborative company/ university/govt. initiatives • NSF Partnership for Broadband Wireless Innovations • Villanova, Widener, AFRL, NSWCCD, BFTP/SEP, Community Colleges, High School, Large Corps, Small Companies • Consortium for Sustainable Design and Research • Philadelphia U, Villanova, Temple, Del Val Green Bldg. Council, BFTP/SEP • Ben Franklin Innovation Center  National Center for Translational Research • Ag-based viral research; bio community; spin-outs • Drexel U, Del Val Clg, Hepatitis B Foundation Providing capital, knowledge & networks since 1982.

  8. Launched in 2001/02 by BFTP/SEP, Drexel University & The University of Pennsylvania A comprehensive model designed to be a catalyst for regional nano development & commercialization Seeded with $12.8M from the Commonwealth of Pennsylvania & $1.3M from BFTP/SEP ENTERPRISEDEVELOPMENT & COMMERCIALIZATION INDUSTRY INFORMED TECHNOLOGY DEVELOPMENT EDUCATION & WORKFORCE DEVELOPMENT NTI COMMUNITY OF INTEREST NETWORKS ECONOMIC RESEARCH & PLANNING RISKCAPITAL Capital…Knowledge…Networks Regional Technology Initiatives Providing capital, knowledge & networks since 1982. A comprehensive, holistic approach.

  9. Capital…Knowledge…Networks One-Dimensional Probes Bio Sensors Four Core Research Areas Drug Delivery Systems Tissue Engineering • $90+M Federal R&D grants awarded ($8.8 federal:$1 state) • Industry guided technology development • 43 research faculty & 103 support post docs, grads & students representing 11 universities • Focus on commercialization approaches • 3 NTI related companies • NTI Applications Fund • SRA initiatives • Corporate member common research issues Providing capital, knowledge & networks since 1982.

  10. Corporate Membership Charter Member ($50,000 / year) Right of first review for IP generated by the NTI One seat on the Technical Advisory Committee (TAC) of the NTI for input to the directions of research of the Core Research Teams Annual private day-long conference between corporate member scientists (up to 5) and the faculty members of the core research teams Quarterly research reports More corporate member benefits under development Capital…Knowledge…Networks Providing capital, knowledge & networks since 1982.

  11. Capital…Knowledge…Networks Regional Initiatives • A collaborative effort, established to position the tri-state region (DE, NJ, & PA) • Founded by the New Jersey Commission on Science & Technology, Delaware Technology Park & BFTP/SEP; U.S. Dept. of Commerce/EDA funded • Objectives • Securing and Attracting Funding • Facilities, research, commercialization, investments • Developing & Disseminating Information & Knowledge • Best Practices, policy & planning, emerging opportunities • Positioning the region • Unified message, critical mass, diverse strengths Providing capital, knowledge & networks since 1982. www.midatlanticnano.org

  12. For more information, contact: Susan Evatt, Senior Director Technology Commercialization Group 215-972-6700 x 3059 Visit us online at www.sep.benfranklin.org Providing capital, knowledge & networks since 1982.

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