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Innovation Acceleration Partner Fellows Program

Innovation Acceleration Partner Fellows Program Approaches to Improving Commercialization and Innovation National Science Foundation Partner for Innovation Award ID: 0650294 W ashington University in St. Louis and the University of Missouri-Columbia Presented to:

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Innovation Acceleration Partner Fellows Program

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  1. Innovation Acceleration Partner Fellows Program Approaches to Improving Commercialization and Innovation National Science Foundation Partner for Innovation Award ID: 0650294 Washington University in St. Louis and the University of Missouri-Columbia Presented to: Tiger/Kauffman Sponsored Workshop February 27, 2010 Ken Harrington Washington University in St. Louis

  2. Overview • Grant goals • Approach • First year outcomes • Issues for year two • Valley of Death

  3. Grant Goals • Train fellows • Reduce roadblocks that discourage faculty • Find new innovation models • Move science from bench to the market • Enhance the culture

  4. Targeted Roadblocks • Lack of time • Limited understanding of the commercialization process • Lack collaborative social network • Fear of publication delays

  5. Approach • Focus on researchers • Work within the existing framework • Provide new support to researcher • Discuss possibilities openly • Consider “breakthrough” approaches

  6. Involved Parties

  7. Concept-Pre Disclosure Support

  8. Outcomes-Two Innovation Models

  9. Measurements

  10. Wash U Basic Science Model

  11. IAP Fellows • Amit Kumar • Ph.D. Molecular Biophysics • Justin Brown • Ph.D. Pharmacology • Kunal Rehani • Ph.D. Immunology

  12. Overview of Wash U Technologies • Triage I Criteria: • Technology • Licensing or start-up • Stage of development • Intellectual Property (IP) • Triage II Criteria: • Triage I Criteria AND… • OTM approval • Inventor enthusiasm • Market analysis • FDA regulatory process

  13. Opportunity Evaluation Tool

  14. Majority OTM Supplied 75 Opportunities

  15. Five Opportunities Selected

  16. Other Potential Opportunities

  17. Mizzou BioDesign Model

  18. BioDesign Fellows • Rebecca Rone • MS BioEngineering • Anthony Harris • MD/MBA • Jonathan Thompson Jr. • MD

  19. Three Phases of Biodesign MD • Phase One (Physician) Clinical Emersion • Phase Two (Engineer) Product design • Phase Three (MBA) Business Development Critical Mass ENG MBA

  20. Program Detail – Applied Research Needs & Solutions Product Business Plan

  21. Tools: Needs Database

  22. Rapid Indexing

  23. First Year • 15 Invention Disclosures 1/8 of all FY09 Columbia campus disclosures • 2 Provisional Patents Filed • Prototype animal testing • Founding of Limited Liability Company SBIR application submitted Missouri LSRB commercialization letter of intent

  24. MU Invention Disclosures • 9 Minimally Invasive Devices • 3 Real Time Patient Monitoring Devices • 2 Minimally Invasive Cosmetic Devices • 1 Laparoscopic Trainer

  25. Innovation Model Constraints

  26. . Fellows’ Impact Entrepreneurial self-efficacy Perceived need for new outcome Have idea for start-up Entrepreneurial expectancy Entrepreneurial desirability What Environmental Factors are the Multipliers Creating Entrepreneurial Intent? Entrepreneurial intent

  27. Year 2 Issues Logic Environment Fellows’ skills Duration of fellowship Fellow funding ($60K@) Proof of concept and prototype funding ($TBD) Patent funding Transaction costs & time • # quality opportunities • # undisclosed opportunities • # concurrent projects • Triage • Types of technology • Start-up

  28. Valley of Death Regulatory Process Rapid Prototyping Value Milestone Rapid Prototyping Proof of Concept Funding Faster Resource Access Lower Transaction Cost Faster Decisions Entrepreneurial Partner Invention Disclosure

  29. Key Questions? • Process improvement? • Structural change? • Amount of resources? • Sustainability? • Level of breakthrough

  30. Contact Information Ken Harrington, Managing Director Skandalaris Center for Entrepreneurial StudiesWashington University in St. Louis Campus Box 1133One Brookings DriveSt. Louis, Missouri 63130314-935-9134harrington@wustl.eduhttp://www.sces.wustl.edu/http://www.ideabounce.com/

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