Transcript Document
TechCelerator “Programs” • Research To Start-Up • 4-week TechCelerator - Faculty & Grad Students • 8-week TechCelerator for Entrepreneurs 200 Innovation Boulevard State College, PA 16802 Research to Start-up • Targeted towards faculty & grad students • A 90 minute overview • Four sessions so far, 180 registrants • Strong interest from faculty & grad students 200 Innovation Boulevard State College, PA 16802 4-week TechCelerator Focus on Faculty, Grad Students & Post-Docs Educate and Motivate Potential University Spin-offs 200 Innovation Boulevard State College, PA 16802 4-week TechCelerator Week 1 “PSU Intellectual Property & You”. The rights and responsibilities of faculty desiring to commercialize their IP. Describe the process & hear from OTM on patents, options, licensing, and cooperation. Week 2 Risk tolerance discussion. Live presentation by a successful entrepreneur – ex. Tom Lancaster, SmartCells Doug Granger, Salimetrics Week 3 Business Model Development. Week 4 Funding options - Ben Franklin, VIF – SBIR, & Angel funding Faculty presentations - Where will you go from here to move this forward? 200 Innovation Boulevard State College, PA 16802 4-Week TechCelerator Laser Tomography Starch Fibers 200 Innovation Boulevard State College, PA 16802 8-week TechCelerator 200 Innovation Boulevard State College, PA 16802 8-Week TechCelerator • Select 6 serious start-up opportunities from the region • Requires a time & effort commitment (minimum 4-5 hrs/wk) • Range of business types • Selection criteria includes near term progress, funding and market viability 200 Innovation Boulevard State College, PA 16802 8-Week TechCelerator • Program focuses on: Understanding markets, customers, market validation, minimum viable product, Business Models, legal structure, financials, and Intellectual Property. • 2 Classes, 12 participants: formed 12 companies, >$700K start-up funding, 3 Incubator tenants, + 23 full or part-time employees 200 Innovation Boulevard State College, PA 16802 Next Offerings? • Research To Startup – February 2013 • 4-Week TechCelerator – March 2013 • 8-Week TechCelerator – April/May/June 2013 200 Innovation Boulevard State College, PA 16802 Company Profile: Lin Wang, CEO 200 Innovation Boulevard State College, PA 16802 Summary - TechCelerator Goals • Increase the number of successful business start-ups in Centre County • Easy access, one stop shop for clients • Leverage the continuum of business development services 200 Innovation Boulevard State College, PA 16802 200 Innovation Boulevard State College, PA 16802