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National Science Foundation SBIR/STTR MatchMaker Program April 2008. T. James Rudd, Ph. D Industrial Innovation and Partnerships National Science Foundation. NSF SBIR/STTR Innovation Model. Taxes. Federal Investment. Phase IIB Third-Party Investment + 1:2 NSF Matching. Phase I B
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National Science FoundationSBIR/STTR MatchMaker ProgramApril 2008 T. James Rudd, Ph. D Industrial Innovation and Partnerships National Science Foundation
NSF SBIR/STTR Innovation Model Taxes Federal Investment Phase IIBThird-PartyInvestment + 1:2 NSF Matching Phase I B 1:2 NSF Matching Private Sector or Non-SBIR Investment MATCH MAKER PHASE I Feasibility Research $100k/6 mos PHASE III Product Development to Commercial Market PHASE II Research towards Prototype $500k/24 mos
Supplements NSF supplements to existing grants are important driver for small businesses to partner with industry. Currently over 20% of NSF SBIR grant funds go towards supplements as an optimum way to “bridging the gap”. MatchMaker is designed to broaden partnering beyond existing supplement programs.
MatchMaker Objective • To match SBIR/STTR Grantees with Strategic Partners, Angel Investors and V.C’s to provide the ongoing support necessary for achieving successful commercialization.
CTP EXTERNAL TECHNOLOGY PARTNERSHIPS/ALLIANCES Targeted Approach to Access External Technologies Phase I: Linking/Develop Agreement SBIR (Search, Analyze, Select) SOURCES BusinessUnit Ind. Co.’s & Labs BusinessUnit Universities BusinessUnit Federal Labs Courtesy of: John Tao, Air Products
Pull MatchMaker Process Core Technologies Push Strategic Partners Industry SBIR/STTR Companies Technology Products Flow Technology Needs
Industrial companies - new contacts • IBM • Alcatel-Lucent ( Bell Laboratories) • Agilent • Microsoft • HP Labs • Medtronics • Kodak • Raytheon • International Flavors and Fragrances
Industrial companies -new contacts (cont’d) • Ashland • Corning • Armstrong • Kimberley Clark • Mead Westvaco • Computer Associates (CA) • Cabot • Praxair • Northrop Grumann
MatchMaker Program Venture Capital Partners ARCH Venture Partners Mohr, Davidow Ventures Alameda Capital, LLC Taproot Ventures The Carlyle Group Paladin Capital Group Quantum Venture Partners
MatchMaker Program Venture Partners/Angels AM Benjamin Services Venture Investors JK&B Capital ITU Ventures Draper Atlantic Technology Tree (Houston Angels) Atlanta Technology Angels
Partnering Progress In the past several years we have seen notable successes in partnering for SBIR companies . A recent National Academy study shows: License agreements 20% R&D agreements 17% Marketing/Distribution 16% Manufacturing agreements 8% Joint Venture agreements 3%
Partnering Progress Some partnerships have been so strong that they have led to outright acquisitions of SBIR companies. Notable acquisitions have been made by GE, Dupont ,Philips NV, Fisher Scientific; Alliant, Symyx, ICX, Lockheed Martin; Comcast, Siemens, Goodrich, Pearson, LLC .
Enrollment • It is recommended that every grantee consider enrolling in the MatchMaker program to take advantage of the partnering opportunities. • Enrollment in NSF MatchMaker Program is free to Grantees, Industrial Partners and Strategic Investors. • Please consult the Matchmaker website www.nsf.gov/eng/iip/sbir/matchmaker.jsp to sign up.
Thank you! James Rudd tjrudd@nsf.gov www.nsf.gov/eng/iip/sbir www.nsf.gov/eng/iip/sbir/matchmaker.jsp