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Partnerships for Tech Commercialization
     Pipeline by Student Startups:
        The EcoTech Example

           Todd A. Watkins, Director
                Baker Institute
 for Entrepreneurship, Creativity & Innovation
Lehigh University in Brief


                 •   Bethlehem, PA
                 •   Carnegie Research II Doctoral
                 •   Private, East Coast
                 •   Founded 1865
                 •   ~4800 UG, ~2200 Grad
                 •   ~465 FT faculty
                 •   4 Colleges
                     –   Arts & Sciences (~ 38% of u.g)
                     –   Engineering (~ 30%)
                     –   Business & Economics (~ 29%)
                     –   Education (grad only)
                 •   Tuition ~$39K; mean aid ~50%
                 •   Admit rate 2009: 32.7%
                 •   SAT inter-Q: 610-710V 650-740M
“Garage”
                                                                  Thalheimer Student Start-up
                                           Student Entrepreneurs Competition Incubator        Wilbur
                                                                                              Powerhouse
                                  Lehigh Entrepreneurs Network                                           Innovation & Entrep.
                                                                           Infrastructure                Leadership Residency
                        L. Pool Memorial Scholarships                         & Other Related                              Office of Student
                        for Entrepreneurship                                                                                     Leadership
                                                                                 Courses                                       Development
               Levin Advanced Technology
              Entrepreneurship Competition
                                                                                                 Integrated
                                                                                                 Product
         Entrepreneurial Interns Program                                 Entrepreneurship        Development   Computer Science
                                                                                   Minor                       & Business
                  Iaccoca Institute                           VENTURESeries                                               Integrated
   Professional Education Seminars                         Executive Certificate         Educational                      Business &
                                                      MBA Corporate                             Programs                  Engineering
       Small Business Counseling
                                                      Entrepreneurship
                                                                                                                                   IDEAS
Community Consulting Practicum
                                             PA School for Global
   The Business of Life Science                 Entrepreneurship
                                                                                                           Ben Franklin
    Leadership Breakfast Series                 PA Governor’s                    Baker Institute for       Technology
                                         Institute for Personal      Entrepreneurship, Creativity &        Partners        Keystone
                                             Finance & Entre-                           Innovation                        Innovation
      Development & Marketing                                                                                                  Zone
              of New Products            preneurial Education       Manufacturers Resource
                                                                                    Center
                                                                                                        Related
                                              Integrated Real                                         Organizations              SBDC
  Bioengineering Capstone Design                                     Office of Technology
                                                       Estate
                                                                               Transfer &
 Opportunities for Student Innovation                                  Commercialization

 International Social Entrepreneurship
                                               Design Minor &
                                                Design Majors        Center for Advanced             LEHIGH
                                                                    Materials & Nanotech         Entrepreneurship
               Production & Marketing of              Community                    Center for
                       Sound Recordings                  Fellows         Optical Technologies
                Martindale Center for the Study     Global Village
                                                                                    Life Sciences
                           of Private Enterprise                                      Greenhouse
                                                            Leadership
                                        Microfinance             Lehigh                       Enterprise
                                                                                                Systems
                                                                           ArtsLehigh             Center
                                                     Business 1
                                                                                  Business Minor
EcoTech Marine



                            Systems for Reef
                              Aquariums

                            ~$5M annual revenue

                            •   IPD Entrp. Project
                            •   Thalheimer Winner
                            •   NCIIA Natl. Winner
                            •   Garage Incubator
                            •   VENTURESeries
                            •   L. Pool Scholar
                            •   KIZ Funding
                            •   ESC-Agile PA
                            •   Ben Franklin Tech
                            •   MRC, BEDCO
                            •   IPD Sponsor
National                    •   Nanotech Center
 Winner                     •   PSGE & ILR mentor
Thalheimer “Garage” Student Start-up Incubator
                           Student Entrepreneurs Competition
                                                                                     Wilbur Powerhouse
                    Lehigh Entrepreneurs Network                    Infrastructure       Innovation & Entrep.
                L. Pool Memorial Scholarships                     & Other Related        Leadership Residency
                                                                                                     Office of Student
                for Entrepreneurship                                   Courses                              Leadership
                    Levin Advanced Technology                                    Integrated               Development
                  Entrepreneurship Competition               IPD SPONSOR Product
 Entrepreneurial Interns Program                               Entrepreneurship Development Computer Science
                                                                         Minor               & Business
                       Iaccoca Institute          VENTURESeries                                         Integrated
       Professional Education Seminars
                                               Executive Certificate           Educational              Business &
                                                            MBA Corporate                             Programs         Engineering
             Small Business Counseling
                                                            Entrepreneurship
                                                                                                                             IDEAS
      Community Consulting Practicum
                                      PA School for Global
         The Business of Life Science    Entrepreneurship                                                Ben Franklin
                                                                                       Baker Institute for
                                                                                                           Technology
          Leadership Breakfast Series                 PA Governor’s
                                                                           Entrepreneurship, Creativity & Partners
                                                                                                                       Keystone
                                               Institute for Personal
            Development & Marketing                Finance & Entre-                           Innovation             Innovation
                    of New Products            preneurial Education     Manufacturers Resource Related                    Zone
                                                    Integrated Real
                                                                                  Center                  Organizations     SBDC
        Bioengineering Capstone Design                                      Office of Technology
                                                             Estate
                                                                                      Transfer &
       Opportunities for Student Innovation                                   Commercialization
                                                     Design Minor &
                                                      Design MajorsCenter     for Advanced    LEHIGH
                                                                      Materials & NanotechEntrepreneurship
       International Social Entrepreneurship
                     Production & Marketing of              Community                    Center for
                             Sound Recordings                  Fellows         Optical Technologies
   3 Time Martindale Center for the Study Global Village            Life Sciences
                     of Private Enterprise
  National                                        Leadership          Greenhouse

Grant Winner
                                  Microfinance         Lehigh                  Enterprise
                                                           ArtsLehigh
                                                           Business 1          Systems Center
                                                                                        Business Minor
Wilbur Powerhouse
Wilbur Powerhouse: Renovated Entirely
to Support Student Innovation & Entrep.
Thalheimer “Garage” Student Start-up Incubator
                           Student Entrepreneurs Competition
                                                                                     Wilbur Powerhouse
                    Lehigh Entrepreneurs Network                    Infrastructure       Innovation & Entrep.
                L. Pool Memorial Scholarships                     & Other Related        Leadership Residency
                                                                                                     Office of Student
                for Entrepreneurship                                   Courses                              Leadership
                    Levin Advanced Technology                                    Integrated               Development
                  Entrepreneurship Competition               IPD SPONSOR Product
 Entrepreneurial Interns Program                               Entrepreneurship Development Computer Science
                                                                         Minor               & Business
                       Iaccoca Institute          VENTURESeries                                         Integrated
       Professional Education Seminars
                                               Executive Certificate           Educational              Business &
                                                            MBA Corporate                             Programs         Engineering
             Small Business Counseling
                                                            Entrepreneurship
                                                                                                                             IDEAS
      Community Consulting Practicum
                                      PA School for Global
         The Business of Life Science    Entrepreneurship                                                Ben Franklin
                                                                                       Baker Institute for
                                                                                                           Technology
          Leadership Breakfast Series                 PA Governor’s
                                                                           Entrepreneurship, Creativity & Partners
                                                                                                                       Keystone
                                               Institute for Personal
            Development & Marketing                Finance & Entre-                           Innovation             Innovation
                    of New Products            preneurial Education     Manufacturers Resource Related                    Zone
                                                    Integrated Real
                                                                                  Center                  Organizations     SBDC
        Bioengineering Capstone Design                                      Office of Technology
                                                             Estate
                                                                                      Transfer &
       Opportunities for Student Innovation                                   Commercialization
                                                     Design Minor &
                                                      Design MajorsCenter     for Advanced    LEHIGH
                                                                      Materials & NanotechEntrepreneurship
       International Social Entrepreneurship
                     Production & Marketing of              Community                    Center for
                             Sound Recordings                  Fellows         Optical Technologies
   3 Time Martindale Center for the Study Global Village            Life Sciences
                     of Private Enterprise
  National                                        Leadership          Greenhouse

Grant Winner
                                  Microfinance         Lehigh                  Enterprise
                                                           ArtsLehigh
                                                           Business 1          Systems Center
                                                                                        Business Minor
State Economic Development @ Lehigh


• Ben Franklin Technology Partners

• Manufacturers Resource Center

• Small Business Development Center

• Pennsylvania Infrastructure
  Technology Alliance (PITA)      PITA
• Office of Technology Transfer
Keystone Innovation Zone Partners




         Lehigh University SBDC
Financial & Technical Assistance
             from Regional ED Partners
•   Bethlehem’s Department of Economic Development
     –   assistance and two loans ($45K and $60K), the latest in 7/08.
•   South Bethlehem Keystone Innovation Zone (KIZ)
     –   two $15K grants and additional funding to support Lehigh student interns.
     –   One KIZ eventually got hired full time
     –   Locating in the KIZ enabled several hundred $K R&D tax credits.
•   Lehigh’s Manufacturers Resource Center
     –   assistance w/ manufacturing processes, financial management and supply chain management,
         including 15% financial match on numerous projects.
•   Ben Franklin Technology Partners of Northeastern PA, a Lehigh subsidiary
     –   A loan in 2007 and grant in 2008 totaling $80K.
•   Pennsylvania Infrastructure Alliance (PITA), a PA DCED-funded collaboration
    between Lehigh & Carnegie Mellon
     –   Two grants totaling $60K, the latest 1/09.
•   Agile Manufacturing program of Lehigh’s Enterprise Systems Center:
     –   two grants totaling $18K, the latest 6/08, for enhancing manufacturing processes.
•   Four US SBA loans through First Star Savings Bank, a Lehigh Valley community
    bank since 1893
     –   totaling $450,000, the latest 8/08.
•   Lehigh Valley Economic Development Corporation (LVEDC)
     –   connections to resources in the region,
     –   helped find & finance a refurbished firehouse to locate operations, within walking distance of the
         brownfield remnants of Bethlehem Steel, in the urban core in south Bethlehem.
EcoTech’s Awards & Recognition

•   Inc. 500 Fastest Growing Companies in the US, 2010
•   Newsweek List of 10 “College Kid to Millionaire”, 2010
•   Winner, NEP Ben Franklin Innovation Award for Product Innovation, 2008
•   Winner, Eastern PA Business Journal’s Next Level Challenge competition, 2008
•   Winner, Lehigh University Entrepreneurs Network and Southside Keystone
    Innovation Zone Next STEP Award for Student Entrepreneurial Company of the
    Year, 2006
•   Winner of new product innovation national E-Team awards from the National
    Collegiate Inventors and Innovators Alliance (NCIIA) for three separate products
    2003, 2005 and 2007
•   Selected as one of 15 student startups nationally to participate in the March
    Madness for the Mind
     –   National showcase of student innovators at the Tech Museum of Innovation in San Jose, CA, 2004.
     –   After the event EcoTech sold it first volume order, 600 units to a CA distributor.
•   Winner of the Lehigh Invitation to Innovate student entrepreneurs competition,
    2003
•   Awarded Lehigh’s Leonard Pool Scholarship for excellence in entrepreneurship,
    2003
America’s Top 25
Best Young Entrepreneurs 2010
Current Student Startup
               In Residence in Garage Incubator


• IPD Entrp. Project
• Thalheimer Winner
• Levin Advanced
  Technology Winner
• NCIIA National Winner
• Garage Incubator
• VENTURESeries
• Innovation & Leadership
  Residency
• KIZ Funding
• 2010 March Madness for    National
  the Mind                   Winner
• Venture Well East 2010
• IPD Sponsor
• PSGE Mentor
     America’s Top 25 Best Young Entrepreneurs 2010
Example
Student Entrepreneurial Start-Up
                hField Technologies, Inc




                 IBE Freshman Workshop
                ENTP 312 & IBE Capstone
              Thalheimer Competition Winner
              Powerhouse Garage Incubator
             PA State KIZ Grant, Agile PA Grant
              Ben Franklin Grant & Incubator
Example Recent Lehigh U.
                   UG Student Startups

         Tech Startups           Services
         • Viddler.com           • Lehigh Valley Grand
                                   Prix
         • Orion Security LSP
National                         • Vital Conversions
 Winner • MPlug


         • Gigmax.com            Fashion
         • hField Technologies   • Simply-Anti Apparel
         • EcoTech Marine        • George Guest Ltd.
National
 Winner • Kitchen                • Hillary Caroline Jewelry
           Conveniences
National
         • Lifeserve             NGOs
 Winner    Innovations           • Soccer without Borders
                                 • Jamii Water
Soccer Without Borders



•   Ben Gucciardi ’05, G’06
    Founding Director
•   Lehigh soccer team captain
•   Mission: “Soccer as vehicle
    for positive change in the
    lives of marginalized youth”
•   Winner 2005-06 Lehigh
    Student Social
    Entrepreneurship
    Competition
•   Now worldwide programs
•   Lehigh Entrepreneur in
    Residence Spring 2008

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Lehigh U - Partnerships for Enhancing Tech Commercialization Pipeline - Open 2011

  • 1. Partnerships for Tech Commercialization Pipeline by Student Startups: The EcoTech Example Todd A. Watkins, Director Baker Institute for Entrepreneurship, Creativity & Innovation
  • 2. Lehigh University in Brief • Bethlehem, PA • Carnegie Research II Doctoral • Private, East Coast • Founded 1865 • ~4800 UG, ~2200 Grad • ~465 FT faculty • 4 Colleges – Arts & Sciences (~ 38% of u.g) – Engineering (~ 30%) – Business & Economics (~ 29%) – Education (grad only) • Tuition ~$39K; mean aid ~50% • Admit rate 2009: 32.7% • SAT inter-Q: 610-710V 650-740M
  • 3.
  • 4.
  • 5. “Garage” Thalheimer Student Start-up Student Entrepreneurs Competition Incubator Wilbur Powerhouse Lehigh Entrepreneurs Network Innovation & Entrep. Infrastructure Leadership Residency L. Pool Memorial Scholarships & Other Related Office of Student for Entrepreneurship Leadership Courses Development Levin Advanced Technology Entrepreneurship Competition Integrated Product Entrepreneurial Interns Program Entrepreneurship Development Computer Science Minor & Business Iaccoca Institute VENTURESeries Integrated Professional Education Seminars Executive Certificate Educational Business & MBA Corporate Programs Engineering Small Business Counseling Entrepreneurship IDEAS Community Consulting Practicum PA School for Global The Business of Life Science Entrepreneurship Ben Franklin Leadership Breakfast Series PA Governor’s Baker Institute for Technology Institute for Personal Entrepreneurship, Creativity & Partners Keystone Finance & Entre- Innovation Innovation Development & Marketing Zone of New Products preneurial Education Manufacturers Resource Center Related Integrated Real Organizations SBDC Bioengineering Capstone Design Office of Technology Estate Transfer & Opportunities for Student Innovation Commercialization International Social Entrepreneurship Design Minor & Design Majors Center for Advanced LEHIGH Materials & Nanotech Entrepreneurship Production & Marketing of Community Center for Sound Recordings Fellows Optical Technologies Martindale Center for the Study Global Village Life Sciences of Private Enterprise Greenhouse Leadership Microfinance Lehigh Enterprise Systems ArtsLehigh Center Business 1 Business Minor
  • 6.
  • 7.
  • 8. EcoTech Marine Systems for Reef Aquariums ~$5M annual revenue • IPD Entrp. Project • Thalheimer Winner • NCIIA Natl. Winner • Garage Incubator • VENTURESeries • L. Pool Scholar • KIZ Funding • ESC-Agile PA • Ben Franklin Tech • MRC, BEDCO • IPD Sponsor National • Nanotech Center Winner • PSGE & ILR mentor
  • 9. Thalheimer “Garage” Student Start-up Incubator Student Entrepreneurs Competition Wilbur Powerhouse Lehigh Entrepreneurs Network Infrastructure Innovation & Entrep. L. Pool Memorial Scholarships & Other Related Leadership Residency Office of Student for Entrepreneurship Courses Leadership Levin Advanced Technology Integrated Development Entrepreneurship Competition IPD SPONSOR Product Entrepreneurial Interns Program Entrepreneurship Development Computer Science Minor & Business Iaccoca Institute VENTURESeries Integrated Professional Education Seminars Executive Certificate Educational Business & MBA Corporate Programs Engineering Small Business Counseling Entrepreneurship IDEAS Community Consulting Practicum PA School for Global The Business of Life Science Entrepreneurship Ben Franklin Baker Institute for Technology Leadership Breakfast Series PA Governor’s Entrepreneurship, Creativity & Partners Keystone Institute for Personal Development & Marketing Finance & Entre- Innovation Innovation of New Products preneurial Education Manufacturers Resource Related Zone Integrated Real Center Organizations SBDC Bioengineering Capstone Design Office of Technology Estate Transfer & Opportunities for Student Innovation Commercialization Design Minor & Design MajorsCenter for Advanced LEHIGH Materials & NanotechEntrepreneurship International Social Entrepreneurship Production & Marketing of Community Center for Sound Recordings Fellows Optical Technologies 3 Time Martindale Center for the Study Global Village Life Sciences of Private Enterprise National Leadership Greenhouse Grant Winner Microfinance Lehigh Enterprise ArtsLehigh Business 1 Systems Center Business Minor
  • 11. Wilbur Powerhouse: Renovated Entirely to Support Student Innovation & Entrep.
  • 12. Thalheimer “Garage” Student Start-up Incubator Student Entrepreneurs Competition Wilbur Powerhouse Lehigh Entrepreneurs Network Infrastructure Innovation & Entrep. L. Pool Memorial Scholarships & Other Related Leadership Residency Office of Student for Entrepreneurship Courses Leadership Levin Advanced Technology Integrated Development Entrepreneurship Competition IPD SPONSOR Product Entrepreneurial Interns Program Entrepreneurship Development Computer Science Minor & Business Iaccoca Institute VENTURESeries Integrated Professional Education Seminars Executive Certificate Educational Business & MBA Corporate Programs Engineering Small Business Counseling Entrepreneurship IDEAS Community Consulting Practicum PA School for Global The Business of Life Science Entrepreneurship Ben Franklin Baker Institute for Technology Leadership Breakfast Series PA Governor’s Entrepreneurship, Creativity & Partners Keystone Institute for Personal Development & Marketing Finance & Entre- Innovation Innovation of New Products preneurial Education Manufacturers Resource Related Zone Integrated Real Center Organizations SBDC Bioengineering Capstone Design Office of Technology Estate Transfer & Opportunities for Student Innovation Commercialization Design Minor & Design MajorsCenter for Advanced LEHIGH Materials & NanotechEntrepreneurship International Social Entrepreneurship Production & Marketing of Community Center for Sound Recordings Fellows Optical Technologies 3 Time Martindale Center for the Study Global Village Life Sciences of Private Enterprise National Leadership Greenhouse Grant Winner Microfinance Lehigh Enterprise ArtsLehigh Business 1 Systems Center Business Minor
  • 13. State Economic Development @ Lehigh • Ben Franklin Technology Partners • Manufacturers Resource Center • Small Business Development Center • Pennsylvania Infrastructure Technology Alliance (PITA) PITA • Office of Technology Transfer
  • 14. Keystone Innovation Zone Partners Lehigh University SBDC
  • 15. Financial & Technical Assistance from Regional ED Partners • Bethlehem’s Department of Economic Development – assistance and two loans ($45K and $60K), the latest in 7/08. • South Bethlehem Keystone Innovation Zone (KIZ) – two $15K grants and additional funding to support Lehigh student interns. – One KIZ eventually got hired full time – Locating in the KIZ enabled several hundred $K R&D tax credits. • Lehigh’s Manufacturers Resource Center – assistance w/ manufacturing processes, financial management and supply chain management, including 15% financial match on numerous projects. • Ben Franklin Technology Partners of Northeastern PA, a Lehigh subsidiary – A loan in 2007 and grant in 2008 totaling $80K. • Pennsylvania Infrastructure Alliance (PITA), a PA DCED-funded collaboration between Lehigh & Carnegie Mellon – Two grants totaling $60K, the latest 1/09. • Agile Manufacturing program of Lehigh’s Enterprise Systems Center: – two grants totaling $18K, the latest 6/08, for enhancing manufacturing processes. • Four US SBA loans through First Star Savings Bank, a Lehigh Valley community bank since 1893 – totaling $450,000, the latest 8/08. • Lehigh Valley Economic Development Corporation (LVEDC) – connections to resources in the region, – helped find & finance a refurbished firehouse to locate operations, within walking distance of the brownfield remnants of Bethlehem Steel, in the urban core in south Bethlehem.
  • 16. EcoTech’s Awards & Recognition • Inc. 500 Fastest Growing Companies in the US, 2010 • Newsweek List of 10 “College Kid to Millionaire”, 2010 • Winner, NEP Ben Franklin Innovation Award for Product Innovation, 2008 • Winner, Eastern PA Business Journal’s Next Level Challenge competition, 2008 • Winner, Lehigh University Entrepreneurs Network and Southside Keystone Innovation Zone Next STEP Award for Student Entrepreneurial Company of the Year, 2006 • Winner of new product innovation national E-Team awards from the National Collegiate Inventors and Innovators Alliance (NCIIA) for three separate products 2003, 2005 and 2007 • Selected as one of 15 student startups nationally to participate in the March Madness for the Mind – National showcase of student innovators at the Tech Museum of Innovation in San Jose, CA, 2004. – After the event EcoTech sold it first volume order, 600 units to a CA distributor. • Winner of the Lehigh Invitation to Innovate student entrepreneurs competition, 2003 • Awarded Lehigh’s Leonard Pool Scholarship for excellence in entrepreneurship, 2003
  • 17. America’s Top 25 Best Young Entrepreneurs 2010
  • 18. Current Student Startup In Residence in Garage Incubator • IPD Entrp. Project • Thalheimer Winner • Levin Advanced Technology Winner • NCIIA National Winner • Garage Incubator • VENTURESeries • Innovation & Leadership Residency • KIZ Funding • 2010 March Madness for National the Mind Winner • Venture Well East 2010 • IPD Sponsor • PSGE Mentor America’s Top 25 Best Young Entrepreneurs 2010
  • 19. Example Student Entrepreneurial Start-Up hField Technologies, Inc IBE Freshman Workshop ENTP 312 & IBE Capstone Thalheimer Competition Winner Powerhouse Garage Incubator PA State KIZ Grant, Agile PA Grant Ben Franklin Grant & Incubator
  • 20. Example Recent Lehigh U. UG Student Startups Tech Startups Services • Viddler.com • Lehigh Valley Grand Prix • Orion Security LSP National • Vital Conversions Winner • MPlug • Gigmax.com Fashion • hField Technologies • Simply-Anti Apparel • EcoTech Marine • George Guest Ltd. National Winner • Kitchen • Hillary Caroline Jewelry Conveniences National • Lifeserve NGOs Winner Innovations • Soccer without Borders • Jamii Water
  • 21. Soccer Without Borders • Ben Gucciardi ’05, G’06 Founding Director • Lehigh soccer team captain • Mission: “Soccer as vehicle for positive change in the lives of marginalized youth” • Winner 2005-06 Lehigh Student Social Entrepreneurship Competition • Now worldwide programs • Lehigh Entrepreneur in Residence Spring 2008