tedco presentation for 2010 showcase
DESCRIPTION
On 4/14 at the 2010 TU Showcase Jim Poulos, Vice President, Technology Transfer and Commercialization, Maryland Technology Development Corporation (TEDCO), highlighted programs and funding available for University-Industry collaborationsTRANSCRIPT
TEDCO Seed Funding Programs for Technology Development and Commercialization
James A. Poulos, III, J.D.April 14, 2010
Towson University Showcase
Technology Transfer Mission
Build the technology-based economy in Maryland
OutreachProject development
Assist companies and laboratories to achieve their mutual objectives
ProjectProjectCapitalCapitalFundsFunds
$ $
$
BasicBasicResearchResearch
Proof of Proof of ConceptConcept
Feasibility Feasibility TestingTesting
ProductProductDesignDesign
Product/Product/ServiceService
DevelopmentDevelopmentProjectProject
Public Public LaboratoryLaboratory
CompanyCompany
PublicPublicFundingFunding
Angel Investors
Venture Capital
SBIRSBIR
$
Funding Opportunities Outside Maryland
TEDCO’s depiction of the Valley of Death
ProjectProjectCapitalCapitalFundsFunds
$
University University Technology Technology
Development Development FundFund
$
$
$
BasicBasicResearchResearch
Proof of Proof of ConceptConcept
Feasibility Feasibility TestingTesting
ProductProductDesignDesign
Product/Product/ServiceService
DevelopmentDevelopmentProjectProject
Public Public LaboratoryLaboratory
CompanyCompany
PublicPublicFundingFunding
TechStartTechStart$
TechbridgeTechbridge
$
$
Maryland Stem Cell Research Fund Rural Business Innovation Initiative (RBI2)
Maryland Technology Transfer Commercialization Fund (MTTCF)
Facilitate the transfer of technology between Maryland Universities or Federal Laboratories and Maryland Companies
Project must involve significant collaboration
Maximum award amount is $75,000. Reimbursable award Requires a 50% company match
MTTCF Eligibility
Recipient must be Maryland businessFewer than 16 employees ORUniversity/fed lab spin-out less than 5 years prior to proposal
Recipient must be early stageNo revenue OROR• Revenue = commercial product
sales/services
No venture investment
MTTCF Success CriteriaAchieving technical/budget/schedule milestonesFinding continuation funding
137 projects completed (as of 2/18/2010); 170 projects funded; 52% rate.$8.3M in TEDCO support319M in continuation funding>$38.5:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.
University Technology Development Fund
Supports pre-commercial research on university technology for commercialization All institutions of higher education in Maryland are eligible University faculty or staff apply in cooperation with the technology licensing officeMaximum award: $50,000
TechStart ProgramIncrease the number of university start-up companiesAll university labs in the State are eligibleTeam - experienced entrepreneur, the inventor, and a technology transfer managerFunding up to $15,000 for commercialization analysis
(IP, market, competition, business model)
RBI² Assistance Business assistance (examples)
business model or strategy market strategy/analysis and competitive analysisFunding opportunities and introductions financial analysisBusiness plan and grant review
Technology assistance intellectual propertyprototype developmentmanufacturing problem solvinggreen assessments, etc.
Amount of assistance per company is up to $7,500
RBI Program Director Lower Eastern Shore Rep.Southern Maryland Rep. Lee KirwanRobbie Melton 410.715.4164 [email protected]
Upper & Mid Shore Rep. Western Maryland Rep.Diane Ryan Chuck Ernst410.258.5558 [email protected] [email protected]
Benefits of TEDCO FundingAccess to business and technical assistance
Access to Venture Capital, angels, and strategic partners (e.g. Johnson & Johnson)Publicity through TEDCO press releases Recognition and reputation of state programsWorkshops for TEDCO funded companies only
Meet one on one with expertsNetwork with other companies
Entrepreneurial Assistance
Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE) The Maryland Rural Business Innovation Initiative (RBI²)
TEDCO and FED Partners
TEDCO has entered into MoUs, PIA’s and other agreements with 15 Fed Labs and the FLC
APG, APL, USDA, NAWC Pax River, NSWC Indian Head, NSWC Carderock, NSWC CRANE, National Naval Medical Center, NSA, NIST, ACE, NIH, NASA….
Contacts Henry Ahn (MMTF manager) [email protected](410)715-4165
Ronald Kaese (FDTTI manager)[email protected](410)715-4170
Linda Saffer Ph.D. (UTDF and TechStart manager) [email protected](410)715-4165
Robbie Melton (Rural Business Innovation Initiative ) [email protected](410) 715-4173
further contact information
James A. Poulos, III5565 Sterrett Place, Suite 214Columbia, MD [email protected](410)715-4166