The document outlines the BSIC process map which includes 4 phases: 1. Ideation phase where an innovator submits an idea and BSIC conducts preliminary research to determine viability. 2. Pre-incubation phase where BSIC helps develop a business plan and secondary market research is completed. 3. Incubation phase where business resources are identified and secured to resource the plan. 4. Market phase where the sales and distribution model is activated and business execution begins to generate revenue and scale the business.

1. BSIC Process Map

2. Process Map Summary Outcome: Business Hypothesis Outcome: Business Plan Outcome: Resourcing of Plan Outcome: Business Execution Ideation Pre-Incubation Market Incubation

3. Colleges / Centers Faculty Students IDEATION PHASE OUTCOME: BUSINESS HYPOTHESIS Innovator submits Innovation Summary To BSIC BSIC conducts preliminary research to determine baseline for viability An internal “Champion” is identified 1. 2. 3. Initial idea Innovator submits IP Disclosure Form to BSIC Idea proceeds to Pre-Incubation phase

4. PRE-INCUBATION PHASE OUTCOME: BUSINESS PLAN BSIC works with Innovator to develop a detailed business plan Idea proceeds to Incubation phase Secondary market research is completed by BSIC and a 3-5 person Advisory Group is formed Innovator, Champion, BSIC, and Advisory Group determine appropriate business model Areas addressed in Business Plan: Business Plan Outline Sales & Marketing Administration & Operations Capitalization & Finance See more details in outline Innovation Connector BSU Entrepreneurship Center BSU Academic Departments Strategic Advisors Utilizing resources from: Licensing Distribution Business Models:

5. INCUBATION PHASE OUTCOME: RESOURCE THE PLAN Business resources are identified and secured Initiate business formation and registration Idea proceeds to Market phase Primary market research is completed Staffing / HR Capital resources Organization & Administration Production & Operations Sales & Distribution Business Resources:

6. MARKET PHASE OUTCOME: BUSINESS EXECUTION Sales & Distribution model is activated Profits or royalties distributed per IP Agreement Innovator Departments University Entities Distributed to: Business operation and revenue creation begins Business scale is achieved

7. BSIC Process Map