Transcript Rose-Hulman Ventures - Projects & Research

James Krejcarek
Sutee Dee
Leighton Ige
Jeff Satwicz
November 3, 2003
Organizational Study
Presentation Outline
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Facility at RHV
IP policy
Funding
Companies in the Hatchery
How this relates to Olin College
November 3, 2003
Organizational Study
The stuff they got . . .
• 180-acre, campus-like setting in a 35,000
square-foot building at Aleph Park in Terre
Haute, Indiana
– Built by $30 million grant from The Lilly Endowment
• High-tech office space
– Networking and telecom facilities
– New product development lab
– Electronics and Radio frequency equipment
• Run by professional, full-time employees
November 3, 2003
Organizational Study
Do YOU own your idea?
• University owns Faculty, not student IP
• IP made by company in RHV is owned by
that company
• Encouraged to apply to NCIIA to patent IP
• No technology licensing office
November 3, 2003
Organizational Study
Companies Hatching
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– Internet music sales
– Innovative pricing
platform
– Software for
streamlining of on-call
scheduling of
physicians
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– Sensors for onboard
sensing on trucks
– Predictive
maintenance
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– Wireless data transfer
for businesses
Organizational Study
Money for cool &%$@
• Seek innovative, tech based ideas
• Has $10 million Success Fund
• Investments given
– Non-cash (i.e. services, infrastructure) can
reach $500k
– Cash investment up to $500k
• Funding given in return for equity in
company
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Organizational Study
How does this relate to our
hatchery?
• Do we need $30 million to start our
hatchery?
• How do the students fit in to the mix?
• When is our hatchery going to have
companies in it?
• How can ours be student run?
November 3, 2003
Organizational Study
So what does this mean?
Rose-Hulman Ventures has created a resource
rich environment to facilitate the creation and
growth of ventures…
…and it works!
November 3, 2003
Organizational Study