Transcript TEDCO Seed Funding for Technology Development TEDCO BioInformatics ~ March 4, 2009 Ronald W.

TEDCO Seed Funding for
Technology Development
TEDCO
BioInformatics ~ March 4, 2009
Ronald W. Kaese
Technology Transfer Mission
Technology-based economy in Maryland
Outreach
Project development
Companies & labs achieve mutual objectives
Technology Transfer Projects
Focused collaboration
technology development
public lab & private company
TEDCO defray a portion of the costs
Company and its technology mature
Find continuation funding
Basic
Research
Public
Laboratory
Company
Proof of
Concept
Feasibility
Testing
Product
Design
$
$
Public
Funding
SBIR
Product/
Service
Development
Project
$
Angels
Venture Capital
$
Funding Opportunities Outside
Maryland
Project
Capital
Funds
The Valley of Death
$
Basic
Research
Public
Laboratory
Company
Proof of
Concept
Feasibility
Testing
$
$
Public
Funding
$
TechStart
University
Technology
Development
Fund
Product/
Service
Development
Project
Product
Design
$
$
Maryland
Technology Transfer
Fund
ATTI /NTCI/FDTTI
J&J
WCLF
Angels
Venture Capital
SBIR
Techbridge
Rural Business Initiative
Maryland Stem Cell Research Fund
MDBio
$
Project
Capital
Funds
$
Basic
Research
Public
Laboratory
Company
Proof of
Concept
Feasibility
Testing
$
$
Public
Funding
$50K
$
$15K
$
$75K
$50K
$150K
SBIR
$10K
$110K / $230K / $1.5M
Product
Design
Product/
Service
Development
Project
$
$50K
Angels
Venture Capital
MDBio
Techbridge
$
Project
Capital
Funds
$
Maryland Technology Transfer
Fund (MTTF)
Facilitate tech transfer between
Maryland Universities or Federal Labs
and Maryland Companies
Maximum award amount is $75,000
MTTF Success Criteria
Achieve technical/budget/schedule
milestones
Finding continuation funding
119 companies completed MTTF projects (1/1/09)
>$38:1 leverage
Funds were raised from Angel, VC, SBIR, ATP, State,
Debt Capital, Fed Contracts, Strategic Partners, etc.
MTTF Eligibility
Recipient must be Maryland business
Principle Place of Employment = Maryland
Fewer than 16 employees OR
University/fed lab spin-out less than 5
years prior to proposal
Recipient must be early stage
No revenue OR
No venture investment
Johnson & Johnson Joint
Investment Program
Transformational medical technology
Interests of J&J
Maximum award is $150,000
MTTF process
Benefits of TEDCO Funding
Access 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 programs
Workshops for TEDCO funded companies
Thanks
www.maryandtedco.org