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Tech Celerator “Programs”

Tech Celerator “Programs”. Research To Start-Up 4-week Tech Celerator - Faculty & Grad Students 8-week Tech Celerator for Entrepreneurs. Research to Start-up. Targeted towards faculty & grad students A 90 minute overview Four sessions so far, 180 registrants

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Tech Celerator “Programs”

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  1. TechCelerator “Programs” • Research To Start-Up • 4-week TechCelerator - Faculty & Grad Students • 8-week TechCelerator for Entrepreneurs

  2. Research to Start-up • Targeted towards faculty & grad students • A 90 minute overview • Four sessions so far, 180 registrants • Strong interest from faculty & grad students

  3. 4-week TechCelerator Focus on Faculty, Grad Students & Post-Docs Educate and Motivate Potential University Spin-offs

  4. 4-week TechCelerator Week 1 “PSU Intellectual Property & You”.  The rights and responsibilities of faculty desiring to commercialize their IP.  Describe the process& hear from OTM on patents, options, licensing, and cooperation. Week 2  Risk tolerance discussion. Live presentation by a successful entrepreneur – ex. Tom Lancaster, SmartCells Doug Granger, Salimetrics Week 3 Business Model Development. Week 4   Funding options - Ben Franklin, VIF – SBIR, & Angel funding Faculty presentations- Where will you go from here to move this forward?

  5. 4-Week TechCelerator Laser Tomography Starch Fibers

  6. 8-week TechCelerator

  7. 8-Week TechCelerator • Select 6 serious start-up opportunities from the region • Requires a time & effort commitment (minimum 4-5 hrs/wk) • Range of business types • Selection criteria includes near term progress, funding and market viability

  8. 8-Week TechCelerator Program focuses on: Understanding markets, customers, market validation, minimum viable product, Business Models, legal structure, financials, and Intellectual Property. 2 Classes, 12 participants: formed 12 companies, >$700K start-up funding, 3 Incubator tenants, + 23 full or part-time employees

  9. Next Offerings? • Research To Startup • February 2013 • 4-Week TechCelerator • March 2013 • 8-Week TechCelerator • April/May/June 2013

  10. Company Profile: Lin Wang, CEO

  11. Summary - TechCelerator Goals • Increase the number of successful business start-ups in Centre County • Easy access, one stop shop for clients • Leverage the continuum of business development services

  12. Questions???

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