The document discusses tactics for improving university technology commercialization outcomes through gap funding programs. It outlines three core focus areas for technology commercialization programs: improving commercialization processes, engaging external partners, and strengthening internal capabilities. Successful tactics should positively impact all three areas. Gap funding programs that are well-resourced and managed have the greatest ability to positively impact the research environment's technology commercialization capabilities. The document advocates increasing awareness of capital gaps, sharing best practices for gap funds, and connecting universities to early-stage funding, talent, and support.

1. Connecting University Gap
Funding to Institutional Impact

2. IMPACTING THE RESEARCH ENVIRONMENT
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RESEARCH
INSTITUTION
GOALS
RESEARCH
EDUCATION
SOCIETAL BENEFIT
GENERATING TECH COMMERCIALIZATION IMPACT
Core
Focus
Areas
OutcomesTactics
Operational tactics must be
aligned with and motivate the
development of multiple core
focus areas
Success in developing these
core areas will result in
outcomes with real impact to
the research environment
TECH COMMERCIALIZATION TACTICS DRIVE CORE INSTITUTIONAL GOALS

3. COMMERCIALIZATION OUTCOMES
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pacts are realized.
Immediate Nearterm Midterm Longterm
Creating Culture
Process Indicators
Building a Community of Innovation
Capital Attraction
Driving New Busi
Returning Capita
BENEF
Managing and Fo
Incentivizing Othe
Business Formation and Job Creation
Returns (Repayment, Royalties)
Returns (Equity Sale)
1-3 Years 3-5 Years 5 +Years
Time from Intial Investment (Based on Vintage Year of Funds)
General Expectation Timeline for Impact
Figure 29. General Expectation Timeline for Impa
Process Optimization
TECH COMMERCIALIZATON PROGRAM OUTCOMES
Successful outcomes support institutional mission and goals
GENERATING TECH COMMERCIZATION IMPACT
Outcomes
Core
Focus
Areas
Tactics

4. CORE FOCUS AREAS
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Improve Tech
Commercialization
Process
TECH COMMERCIALIZATON PROGRAM FOCUS AREAS
Engage with
External
Innovation
Partners
Strengthen
Internal Campus
Capabilities and
Support
Alumni/FoftheU
High-tech Companies
Investors
NFP
Public/Government Agencies
Campus Groups
Faculty
Leadership
Students
Evaluation/Diligence
IP Protection
Licensing
Management
Support Programs
Start-up Development
Talent
Tools/Facilities
Tactics would ideally positively impact/improve all three core areas
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GENERATING TECH COMMERCIALIZATION IMPACT
Outcomes
Core
Focus
Areas
Tactics
Tactical
Target

5. TACTICS
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Process
ExternalInternal
RESEARCH
INSTITUTION
GOALS
RESEARCH
EDUCATION
SOCIETAL
BENEFIT
Mind the Gap 2011
Prepared for
• Building a Community of Innovation
• Business Formation and Job Creation
• Returns to the Funding Organization and Capital Attraction
A major insight is that a majority of the suggested impacts do not involve direct financial return to the university, but inste
impacting the innovation landscape itself. In fact, most of their immediate and near term returns are focused solely on ca
commercialization through innovation community-building, business formation and job creation, and attraction of capital a
commercialization partners. Figure 28 generalized the reported impacts from a subsection of funds with their vintage yea
visualize when these impacts are realized.
Immediate Nearterm Midterm Longterm
Creating Culture of Innovation
Process Indicators
Building a Community of Innovation
Capital Attraction
Driving New Businesses and Job Creation
Returning Capital to the Gap Fund
BENEFIT
Managing and Forecasting
Incentivizing Other Investment
Business Formation and Job Creation
Returns (Repayment, Royalties)
Returns (Equity Sale)
1-3 Years 3-5 Years 5 +Years
Time from Intial Investment (Based on Vintage Year of Funds)
General Expectation Timeline for Impact
Figure 29. General Expectation Timeline for Impact
TECH COMMERCIALIZATION
OUTCOMES
TECH
COMMERCIALIZATION
FOCUS AREAS
TECH
COMMERCIALIZATION
TACTICS
DRIVE
CORE
INSTITUTIONAL
GOALS
KEY TACTICS
GAP
FUNDING
A well-resourced and managed gap funding program has
more ability to positively impact the tech commercialization
capability in the research environment than any other single
institutional tactic
DISCUSSION THRUST

6. Increase awareness of the
capital gap for early-stage,
university/lab technology and
advocate for solutions, including
gap funding
Expand knowledge and create
access to best-practices for
current/aspiring gap fund
managers and stakeholders
Connect university/lab proof of
concept technologies and start-
ups to sources of early-stage
capital (venture, angel,
crowdfunding), talent, and other
peer support
inform.
advocate.
connect.
Objectives
the resource for those
interested in
university-affiliated
translational research,
proof of concept,
and pre/seed
gap funds
Research Universities
Laboratories and Hospitals
Early-stage Investors
High-tech Companies
Government Agencies
www.gapfunding.org!

7. an awareness firm that works with research
universities and their key innovation partners (high-
tech companies, early stage investors, and
government agencies) to"
| inform
| advocate
| connect
Early Stage
Investors!
High-tech
Companies!
Government
Agencies!
Research
Universities!
Conversation-building
initiatives!www.gapfunding.org!
Contact me directly anytime:
Jacob Johnson
Founder, innovosource
P: 612.280.2462
E: johnson@innovosource.com
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