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Christine Gulbranson on Entrepreneurship
- 1. IFC Emerging Market Tech Transfer Convocation:
Models for Technology Commercialization
―Every individual that we can
inspire, that we can guide, that we
can help to start a new
Christine A. Gulbranson, PhD MBA company, is vital to the future
of our economic welfare.‖
— Ewing Kauffman
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
- 2. www.kauffman.org
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
- 6. Proof of Concept Stage-
• Bridge the gap between
research innovation &
seed funding
• Create an environment
that promotes
commercialization in a
research setting
• Smooth the edges in the
interface between
business & research
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
- 7. Enabling Commercialization
Through Proof of Concept Centers
Not just gap funding
•Prioritization of commercially viable projects
•Expertise in developing commercial plans
•Focused technology commercialization education
•Small level of funding creates tremendous impact
•Active mentorship & center team involvement
•External outreach
•Strong External Social Network
•Initially focused in engineering
http://www.kauffman.org/uploadedFiles/POC_Centers_01242008.pdf
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
Journal of Tech Transfer (2008) 33:249-258
- 8. Metrics of Success
Number of projects funded vs. applications received
Number of start-ups created
Number of patents issued
Number of licenses
Failure rate (the lower the more successful!)
Total hours of assistance provided
Number of jobs created – direct & indirect
Macro economic output
Revenue of startups
Tax revenue generated
Startup valuations/market cap
Follow on capital helped raised
Cumulative exits of companies created
Funds raised for the center per year
Sustainability of center
Sponsors/investors/partners of program
Amount of press received & rankings © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
- 9. Benefits of POC Centers
POCs helps to explain the idea & convince people it is
real (it turns skeptics into believers)
Business mentoring & outreach enables technology to
have a far higher probability of reaching the marketplace
with a product
In exchange for removing some of the technical risk,
POCs create and capture increased economic value
Proof of concept enables inventors to raise more capital
at the seed stage
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
- 10. Enabling Commercialization
Through Mentoring & Acceleration
Mentoring Models: Engaging entrepreneurs and industry
Leaders in supporting early stage start-up’s
Acceleration Models: Vertically focused for profit organizations
(not incubators) that provide hands on management & funding to
accelerate the growth of early stage technologies.
Foundry YCombinator
IdeaLab Accelerator
http://www.kauffman.org/uploadedFiles/Finding_Business_Idols.pdf
© 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.