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

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

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

    • 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 IDEASCommunity 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 SponsorNational • 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 GreenhouseGrant Winner Microfinance Lehigh Enterprise ArtsLehigh Business 1 Systems Center Business Minor
    • Wilbur Powerhouse
    • Wilbur Powerhouse: Renovated Entirelyto 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 GreenhouseGrant 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 25Best 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
    • ExampleStudent 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 LSPNational • Vital Conversions Winner • MPlug • Gigmax.com Fashion • hField Technologies • Simply-Anti Apparel • EcoTech Marine • George Guest Ltd.National Winner • Kitchen • Hillary Caroline Jewelry ConveniencesNational • 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