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Zeev Weinfeld New Srtategies For Starting Up

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Day of the Entrepreneur 2009

Day of the Entrepreneur 2009

Published in: Technology, Business

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  • Excerpted from: “Technology Transfer from U.S Universities — A Major Driving Force of U.S. Prosperous Economy,” presented by Terry Young, Texas A&M University System Technology Licensing Office .
  • Excerpted from: “Technology Transfer from U.S Universities — A Major Driving Force of U.S. Prosperous Economy,” presented by Terry Young, Texas A&M University System Technology Licensing Office .
  • Excerpted from: “Technology Transfer from U.S Universities — A Major Driving Force of U.S. Prosperous Economy,” presented by Terry Young, Texas A&M University System Technology Licensing Office .
  • Transcript

    • 1. New Strategies for Starting Up the perspective of Ramot at Tel Aviv University Ltd. Ze’ev Weinfeld, Ph.D. CEO
    • 2. Technology Transfer University-industry technology transfer is the process of moving research results from the laboratory to the marketplace
    • 3. Ramot’s Objectives To foster, initiate and lead the transfer of new technologies from the laboratory to the marketplace To strengthen the relationship between TAU's research community and the business community
    • 4.
      • #2 (~20% value share)
      • UK mouthwash market
      x4™ Technology : The Next Level of NAND Flash 2 drug candidates in Phase II AL108 (AD/MCI, Schizophrenia) AL 208 (MCI-CABG) 3 drug candidates in Phase II PRX-03140 (AD) PRX-08066 (Pulmonary hypertension) PRX-07034 (AD, Schizophrenia)
    • 5. Bio Pharmaceuticals Pipeline
    • 6. Diagnostic, medical devices and agro pipeline Engineering and exact sciences pipeline
    • 7. TT Process Research Disclosure Intellectual Asset Development Commercialization Strategy Intellectual Property Protection Licenses
    • 8. Deal Models and Revenue Strategies
      • Research Funds
      • Fees and Milestones payments
      • Running Royalties
      • Equity participation
      Licensing Deals Licensing of IP, know how to an existing company New venture formation / Spinouts Licensing of IP to the start-up company 20-25% of licensing deals
    • 9. Why Spinouts?
      • Academic research discoveries often too early for established companies
      • Large company focus is global marketing
      • Economic growth and job creation
      • Diversify institution’s research/service
      • Growth of entrepreneurial faculty
      • Potential to share in value — upside
    • 10. Spinout Example Proton Conducting Membrane (Prof. Emanuel Peled) Research Fuel Cell Proton Cond Membrane
    • 11. Spinout Example Proton Conducting Membrane (Prof. Emanuel Peled) Fuel Cell for Mobile Electronics Research Secondary Fuel Cells For Energy Storage TAU-Tech Active commercialization Fuel Cell Spinout Formation Tel Aviv University Fund for Applied Research TAU Future Technology Partnership (TAU-Tech) Return on investment Tel Aviv University technologies Industry Licensing: royalties and fees Start-ups: Equity participation Ramot: Technology management Business development Technology transfer investment $8.5M Proton Cond Membrane
    • 12. Spinout Example
      • Entrepreneur – Eran Yarkoni (CEO)
      • Later joined by Nachman Shelef (Chairman)
      • Founders team includes:
        • Prof. Emanuel Peled (CSO)
        • Arnon Blum (VP R&D), a graduate Ph.D. student of Prof. Peled
      • Funding
        • Greylock Partners
        • Canaan Partners
        • Siemens Technology to Business Center LLC
    • 13. Spinout Formation @ Ramot
      • Seasoned entrepreneur
      • Negotiate term-sheet & agreement
      • Require minimum investment by a pre-determined time
      • Hands-off relationship
        • Warrants or non-voting shares
        • No BoD participation
      • Researcher can be officer, director, consultant and perform research @ lab
        • Ramot does not share in researcher’s extra consideration
        • IP owned by Ramot and under license
        • Conflict of interest taken care of by TAU
    • 14. Lessons Learned Proton Conducting Membrane (Prof. Emanuel Peled) Fuel Cell for Mobile Electronics Research Secondary Fuel Cells For Energy Storage Tel Aviv University Fund for Applied Research TAU-Tech Active commercialization Fuel Cell Spinout Formation
    • 15. Thank You Ze’ev Weinfeld, Ph.D. CEO
    • 16. Backups
    • 17. Proton Cond Membrane
    • 18. TAU-Tech TAU Future Technology Partnership (TAU-Tech) Return on investment Tel Aviv University technologies Industry Licensing: royalties and fees Start-ups: Equity participation Ramot: Technology management Business development Technology transfer investment $8.5M
    • 19. Philanthropic Funds * Funded by the Yeshaya Horowitz Association , Jerusalem Tel Aviv University Fund for Applied Research* The Colton Family Next Generation Technologies Institute
      • “ TAU Fund for Applied Research” supports 7-10 projects ~$1M per year
      • “ The Colton Fund” - Matching funds by Johnson & Johnson
      • Projects are selected following a stringent process by Ramot and a professional committee, to meet commercial as well as scientific criteria
    • 20.  
    • 21. How Does a Fuel Cell Work? Liquid Fuel carbon dioxide CO 2
    • 22.  

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