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Technology Startup Development Organization ideafoundry President Patrick B. Stewart

Technology Startup Development Organization www.ideafoundry.org President Patrick B. Stewart. Who Is Idea Foundry?. Team of experienced executives with business and entrepreneurial backgrounds Focused on Information Technology and Engineering clusters in Southwestern Pennsylvania

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Technology Startup Development Organization ideafoundry President Patrick B. Stewart

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  1. Technology Startup Development Organization www.ideafoundry.org President Patrick B. Stewart

  2. Who Is Idea Foundry? • Team of experienced executives with business and entrepreneurial backgrounds • Focused on Information Technology and Engineering clusters in Southwestern Pennsylvania • Not-For-Profit Regional Economic Development Corporation [501(c)(3)] • Funded by the Commonwealth of Pennsylvania, local Foundations (RK Mellon, Heinz and others) • Partnerships with universities, economic development and government agencies, foundations, business and industry, and venture capitalists

  3. Who Is Our Target Audience?

  4. Market Development DOE DOD NSF NIH Business Development Bus Plan Vet- ting PDG PLSG Idea Vet- ting Seed Capital Start-up Capital Idea Foundry PLSC-PBDC Angels PLSG-Seed Fund Innovation Works Angels Technology Start-up Landscape Early Growth Stage Idea Development Stage Start-Up Company Stage Growth/Rapid Growth Stage Research Stage Investment Capital Research Grants Bus Growth Vet- ting Growth Capital & Strategic Partners Venture Capital Strategic Investors

  5. Sponsors Investment • Fellow Salary Stipend • Identified physical resources procured by Idea Foundry for the Fellow • Expert Advisors • Vertical Business Expertise • Commercial & Market Experience • Maturing Business Model • Fundable Start-up • Young Company with New Technology • University Resources • MBA Program • Faculty Expertise • Funding Networks • Seed Funding • Transitional Support • Business Networks • Customer experience • Elimination of non-execution business risks • Corporate Endorsement or Partnership What Is Our Model?

  6. Development Roles Capability Strategy Plan Contracting Strategy Gaps Prototype Plan Alpha/Beta Selection Customers Funding 4: Transition Plan Plan Forecasts Niche 3: Business Planning 2: Discovery 1: Assessment Costs Potential How? Manufacturing Product Management TechMentorTM Process Finances Market

  7. Work that Leverages Your Skills • Working with technologists and inventors • Market research and analysis (Competition, customer & industry) • Business model & strategy development You will see your efforts translated into impact in the strategies of a young company!

  8. People You Will Work With . . . • Fellowship Company Management Teams • CEO’s • Technologists • Idea Foundry Managing Directors • Jeryl Schreiner • Mike Matesic • Patrick Stewart

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