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Innovation in Tech Transfer Federal Laboratory Consortium Mid-Atlantic Meeting – Rocky Gap September 16, 2008. Chesapeake Crescent Initiative. Leverage the Chesapeake Crescent region- unique mixture of assets Natural resources Largest customer in world World class universities
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Innovation in Tech Transfer Federal Laboratory Consortium Mid-Atlantic Meeting – Rocky Gap September 16, 2008
Chesapeake Crescent Initiative • Leverage the Chesapeake Crescent region- unique mixture of assets • Natural resources • Largest customer in world • World class universities • Skilled workforce • National policy center • Concentration of federal labs • If properly applied- a global leader in life science, energy and national security
Regional Status • Interview Process • Regional Strengths and Weaknesses • Strengths- concentration of R&D expertise and $$’s • Weaknesses- commercialization resources missing • Best Practices to address
Innovation in Tech Transfer • X-Prizes • Embedded Entrepreneurs in Residence • Rapid Prototyping • Tech Scouting
X-Prizes • Northrop Grumman Lunar Lander Challenge • Ultimate Fuel Economy Challenge • Ansari X PRIZE • American Security Challenge • DARPA Urban Challenge
Embedded E-I-R Programs • Carnegie Mellon University (SRI, MIT, DOE) • match Serial Entrepreneur with appropriate innovation • standardized terms (timeframe, no-shop, field of use, consideration) • embed Serial Entrepreneur with research team • complete due diligence (G2M, cap plan, etc) • win-win at end of term either way
Rapid Prototyping • Identify scope • Identify “pain” • Technology needs and requirements • Test data • Success metrics • Scout • Broadcast needs • Shadow scenario • Collect data online • Filter • Second phase screen with customer • Final four
Rapid Prototyping Examples • Data mining and visualization • 45 days- found 125 companies • 15 days- second phase top 15 • 15 days- bake-off with top 7 • 60 days- prototype • Graph database • 60 days- found 55 companies • 30 days- second phase top 10 • 15 days- bake-off with top 4 • 30 days- final due diligence with no-go decision
Tech Scouting Clients
Tech Scouting Process Client X
Informatics • data fusion • data mining • info assurance • visualization • authentication Advanced Tech • C4ISR • hi-speed computing • CBRNE-WMD-IED • energy/power systems • self organizing networks Tech Scouting Shopping List NOTE: FOR ILLUSTRATIVE PURPOSES ONLY, NOT TRUE REPRESENTATION
University Labs VC’s and Angels Incubators Federal Labs Tech Scouting TechnologySources NOTE: FOR ILLUSTRATIVE PURPOSES ONLY, NOT TRUE REPRESENTATION
Tech Scouting Screening CPA’s Incubators Embassies VC’s University Labs Media Fed Labs Angels ESQ’s
Shopping List • LBT • Biometrics • CBRNE • UAV Tech Scouting Process CPA’s Incubators Embassies VC’s University Labs Media Fed Labs Angels ESQ’s Customer Early Stage $$ Financial or Development Status
Thank You Roger London Innovation Economy Program Director Chesapeake Crescent 410-340-5335 RLondonMD@gmail.com