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TEDCO Presentation for 2010 Showcase

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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 …

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 collaborations

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  • 1. TEDCO Seed Funding Programs for Technology Development and Commercialization James A. Poulos, III, J.D. April 14, 2010 Towson University Showcase
  • 2. Technology Transfer Mission
    • Build the technology-based economy in Maryland
      • Outreach
      • Project development
    • Assist companies and laboratories to achieve their mutual objectives
  • 3. Project Capital Funds Proof of Concept Feasibility Testing Product Design Product/ Service Development Project Public Laboratory Company Public Funding Angel Investors Venture Capital SBIR Funding Opportunities Outside Maryland TEDCO’s depiction of the Valley of Death $ $ $ Basic Research $
  • 4. Project Capital Funds University Technology Development Fund Proof of Concept Feasibility Testing Product Design Product/ Service Development Project Public Laboratory Company Public Funding TechStart Techbridge $ Maryland Stem Cell Research Fund Rural Business Innovation Initiative (RBI 2 ) $ $ $ $ Basic Research $ $
  • 5. 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
  • 6. MTTCF Eligibility
    • Recipient must be Maryland business
      • 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
        • Revenue = commercial product sales/services
      • No venture investment
  • 7. MTTCF Success Criteria
    • Achieving technical/budget/schedule milestones
    • Finding continuation funding
      • 137 projects completed
      • (as of 2/18/2010); 170 projects funded; 52% rate.
      • $8.3M in TEDCO support
      • 319M in continuation funding
      • >$38.5:1 leverage
      • Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.
  • 8. 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 office
    • Maximum award: $50,000
  • 9. TechStart Program
    • Increase the number of university start-up companies
    • All university labs in the State are eligible
    • Team - experienced entrepreneur, the inventor, and a technology transfer manager
    • Funding up to $15,000 for commercialization analysis
      • (IP, market, competition, business model)
  • 10. RBI² Assistance
    • Business assistance (examples)
      • business model or strategy
      • market strategy/analysis and competitive analysis
      • Funding opportunities and introductions
      • financial analysis
      • Business plan and grant review
    • Technology assistance
      • intellectual property
      • prototype development
      • manufacturing problem solving
      • green assessments, etc.
    • Amount of assistance per company is up to $7,500
  • 11.
    • RBI Program Director Lower Eastern Shore Rep.
    • Southern Maryland Rep. Lee Kirwan
    • Robbie Melton 410.715.4164 410.430.0770
    • [email_address] [email_address]
    • Upper & Mid Shore Rep. Western Maryland Rep.
    • Diane Ryan Chuck Ernst
    • 410.258.5558 301.842.3260
    • [email_address] [email_address]
    •  
  • 12. 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 only
      • Meet one on one with experts
      • Network with other companies
  • 13. Entrepreneurial Assistance
    • Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE)
    • The Maryland Rural Business Innovation Initiative (RBI²)
  • 14. 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….
  • 15. Contacts
    • Henry Ahn (MMTF manager)
    • [email_address]
    • (410)715-4165
    • Ronald Kaese (FDTTI manager)
    • [email_address]
    • (410)715-4170
    • Linda Saffer Ph.D. (UTDF and TechStart manager)
    • [email_address]
    • (410)715-4165
    • Robbie Melton (Rural Business Innovation Initiative )
    • [email_address]
    • (410) 715-4173
  • 16. further contact information
    • James A. Poulos, III
    • 5565 Sterrett Place, Suite 214
    • Columbia, MD 21044
    • www.marylandtedco.org
    • [email_address]
    • (410)715-4166

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