clean energy business incubator program at stony brook university june 10, 2010 anil dhundale, phd...
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Clean Energy Business Incubator Program at Stony Brook University
June 10, 2010
Anil Dhundale, PhDProject Manager, CEBIP
Executive Director, LIHTI and SBU Business Incubators
SBU Business Incubators• Long Island High Technology Incubator, Inc. (1992)
• www.lihti.org
• AERTC, incubator space (opening Fall 2010)
• www.aertc.org
• “Incubator without walls”, everything but space
• CEWIT, incubator space (June 2009)
• www.cewit.org
• SBU Incubator at Calverton (2005)
• www.sunysb.edu/research/calverton/index
• “facility use permits”, rent space on campus
• Multidisciplinary, multi-institutional partnership to develop & accelerate commercialization of alternative energy technologies
• First Platinum LEED building in New York State (if we beat Bank of America Tower to completion)
• Focus on applications of nanoscience and technology to make alternatives affordable
• $35M state contribution• Opening in Fall 2010
Advanced Energy Research and Technology Center
• Total >90,000 s.f.
• ~35 tenant companies
• ~195 employees
• “Graduates” employ hundreds of LIers,
earned >$100M corporate revenues last
year
• Long Island High Technology Incubator
rated NBIA’s top mixed technology
incubator, 2003 survey of US Incubators
SBU Business Incubators
Small Business Development Center• Provides one-on-one counseling at no charge
on small business start-up and management• Has assisted more than 11,000 clients
(including incubator tenants)• Has helped them to obtain more than $250
million in financing• Satellite office at BNL• Funded through NYSERDA PON
Scope of WorkTask 1 CEBIP Management
Task 2 Client Engagement
2.1. Incubator Readiness Review IRR conducted; 1 page client application and assessment
form Consultation with Tenant Selection and Review Committee Potential clients inappropriate for entry referred for
assistance
2.2. Incubator Assistance Plan (IAP) and Memorandum of Understanding (MOU)
2.3 Powerpoint Pitch Power-point presentation template for annual reviews with
TSRC. Ppt template for outside investment by the end of the final
year of the program
Scope of Work2.4 Business Plan
2.5 Investment Ready Client (IRC)
• Compelling market opportunity
• Competent leadership team & strong BoA/BoD
• Identifiable competitive advantage
• Business plan w credible path to returns for investors
• Detailed res doc for investor due diligence
• Focused investor presentation
2.6 Early Stage Capital: Angel, Series A, Venture Angel or venture funding round of >$250,000 Corporate strategic investment of equivalent value SBIR, STTR shall not qualify
Scope of Work
2.7 Product Introduction & Revenues First fully productized new product. $1 million in product sales
2.8 Client Acceleration Assistance & Outcomes Prepare for demanding process of venture investment Acceleration Assistance Plan (AAP) & MOU
milestones that define growth trajectory 3-5 yrs out >$250,000 funding, or corporate investment of
equivalent value
Scope of Work
Task 3 Client On-Site and Off-Site Assistance
3.1 Shared & Conventional Incubator Space
Task 4 Workshops, Networking, and Training
4.1 Workshop/Event Master Schedule
4.2 Clean Energy Boot Camp
4.3 Clean Energy Entrepreneurship Development
Task 5 Regional Infrastructure
5.1 Specialized Technology Facilities Access; SBU, BNL
“End-to-end” Suite of ED Programs R&D Collaboration: Federally Funded Research
Basic and applied research awards, SBIRs/STTRs IUCRC in Cyber-Security MRSEC: Garcia Center for Polymers at Engineered Interfaces NSF Center for Environmental Molecular Science
R&D Collaborations: State Programs NYS Centers for Advanced Technology (CATs) NYS Center of Excellence in Wireless/Information
Technologies, STAR Center in Biomolecular Diagnostics and Therapeutics, Advanced Energy Research and Technology Center
Advanced Technology Assistance Strategic Partnership for Industrial Resurgence (SPIR)
Technology Licensing Workforce Training and Business Management
Assistance Incubation and New Enterprise Development
“App
lied/
Com
mer
cial
”
“B
asic
”
Centers for Advanced Technology• Medical
Biotechnology
• 26th Anniversary in 2010
• Partnering for faculty R&D projects with industry
• Promotes industry development through Long Island Life Sciences initiative, support for Long Island Angel Network
• Sensor Systems
• 12th Anniversary in 2010
• Collaborative research projects with more than two dozen industry partners
• Promotes industry development through regional technology showcases, consortium programs
Office of Technology Licensing and Industry Relations
• Stony Brook has the most active tech transfer office in the 64-campus SUNY system. The campus accounts for:• ~90% of SUNY system technology licensing
revenues• All four drugs from SUNY to have received
FDA marketing approval• Hundreds of technologies are currently
available for licensing• Some three dozen new companies have been
started based on Stony Brook technologies
Strategic Partnership for Industrial Resurgence Program
(SPIR) Provides access to all engineering disciplines,
others, and CATs, CEWIT, STAR Center, AERTC as appropriate
1,828 technology advancement projects with Long Island/New York State companies
Brought $95 million in joint project funding Partnered with more than 330 LI/NYS
companies 10,569 jobs projected created/saved On total state investment < $10M
Management Development and Workforce Training
• Degree offerings include MBA, MS in Technological Systems Management
• Non-degree offerings include certificates and short courses in manufacturing excellence, managing for quality, general management issues, specific technology issues; bioscience industry program
• Offered by:• College of Business• College of Engineering and Applied Sciences• School of Professional Development• Center for Emerging Technologies
