IFC Emerging Market Tech Transfer Convocation:
 Models for Technology Commercialization
                                  ...
www.kauffman.org




               © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
Catalyzing
Entrepreneurial Success
     and Innovation


               © 2009 by the Ewing Marion Kauffman Foundation. Al...
The Entrepreneurial Economy




                    © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
entrepreneurship.org




                       © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
Proof of Concept Stage-


•   Bridge the gap between
    research innovation &
    seed funding
•   Create an environment
...
Enabling Commercialization
Through Proof of Concept Centers




Not just gap funding
   •Prioritization of commercially vi...
Metrics of Success
   Number of projects funded vs. applications received
   Number of start-ups created
   Number of p...
Benefits of POC Centers

   POCs helps to explain the idea & convince people it is
    real (it turns skeptics into belie...
Enabling Commercialization
Through Mentoring & Acceleration


   Mentoring Models: Engaging entrepreneurs and industry
   ...
Enabling Commercialization
•Educational programs focused on faculty and graduate students




            http://entrepren...
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Christine Gulbranson on Entrepreneurship

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Christine Gulbranson on Entrepreneurship

  1. 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. 2. www.kauffman.org © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
  3. 3. Catalyzing Entrepreneurial Success and Innovation © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
  4. 4. The Entrepreneurial Economy © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
  5. 5. entrepreneurship.org © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.
  6. 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. 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. 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. 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. 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.
  11. 11. Enabling Commercialization •Educational programs focused on faculty and graduate students http://entrepreneurship.ucdavis.edu/green.php © 2009 by the Ewing Marion Kauffman Foundation. All rights reserved.

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