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Accelerate new company formation from Northwestern Inventor Scientists (NIS) by identifying potential Business Entrepreneurs (BE) to assist with company start-up. Main Goal for INVOMatch 2012 . Accelerate new company formation from Northwestern Inventor Scientists (NIS)
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Accelerate new company formation from Northwestern Inventor Scientists (NIS) by identifying potential Business Entrepreneurs (BE) to assist with company start-up Main Goal for INVOMatch 2012
Accelerate new company formation from Northwestern Inventor Scientists (NIS) by identifying potential Business Entrepreneurs (BE) to assist with company start-up Main Goal for INVOMatch 2012 MAKING THE RIGHT MATCH!
HOW THIS WILL WORK BEFOREINVOMatch 2012 LATE MARCH • Attend Pitch Seminar or Webinar • Work on Pitch • Submit to INVO • Bio • Technology Summary (Inventor) • Photo (jpeg or tif) • Deal Sheet (Business Entreprenuers) EARLY APRIL • Receive assistance on pitch, if needed
INVOMatch 2012 SCHEDULE Welcome : Dr. Jay Walsh, VP Research Introduction: Michael Rosen Round 1: First Dates BREAK Round 2: Second Dates Conclusion: Dr. Alicia Loffler, Exec. Director INVO LUNCH & Networking
THE PITCH NISwill prepare a brief, non-confidential synopsis of their technology. Include: • Role at Northwestern • Brief Description of Technology/Invention • Key Disease or Medical Problem addressed • Stage of Development (proof of concept, etc.) • Intellectual Property Status • Competitive/Clinical Advantage
ROUND 1: 1st DATES KEY POINTS • Each 1st Date will be 10 minutes • Each NIS & BE will have 10 - 1stDates • NIS will stay seated • BE will shift over
HOW THIS WILL WORK BUSINESS ENTREPRENEURS NORTHWESTERN INVENTOR SCIENTIST
10 HOW THIS WILL WORK BUSINESS ENTREPRENEURS 0 MIN LEFT NORTHWESTERN INVENTOR SCIENTIST
HOW THIS WILL WORK BUSINESS ENTREPRENEURS BUSINESS ENTREPRENEURS NORTHWESTERN INVENTOR SCIENTIST
WHAT TO EXPECT ON YOUR FIRST DATE? 1. NISwill give a brief “pitch” on their technology 2. BEwill give a brief “pitch” on their: • Experience in start-ups • Experience in raising money with VCs and angels, and licensing in the life science industry (Deal Sheet) 3. NIS and BE will use SCORECARD to rate TOP 5 opportunities & personal interactions
Interest Level • Experience Match • Personal Chemistry WHAT TO KEEP IN MIND DURING THE DATES? *Take notes during dates
RATING SCALE 3 = Great Match 2 = ?; Need More Info 1 = No Match The Inventor’s Scorecard
RATING SCALE 3 = Great Match 2 = ?; Need More Info 1 = No Match The Entrepreneur’s Scorecard
AFTER 1ST DATE 3 “ 2nd DATES” of 20 MINUTES/each ROUND 2 LUNCH NETWORKING WITH VCs & ENTREPRENEURS • NIS & BE relax & network • INVO/NUCATS will set up “2nd DATES” based upon the SCORECARDS data BREAK • Further Interest • Next Steps CONCLUSION
HELP & ASSISTANCE • Michael Rosen • Jim Bray or Sonia Kim • Invention Manager @ INVO
INVOMatch 2012 Entrepreneurial Speed-dating Contacts Jim Bray Assistant Director NUCATS j-bray@northwestern.edu Sonia Kim, PhD Marketing Manager INVO sonia.kim@northwestern.edu Michael Rosen, MBA Sr VP, New Business Development Forest City Science & Technology Group MichaelRosen@forestcity.net Organized by