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011217-C4E-IEF2017-Sandler-Commercialization research: Why it matters; What is its impact & the MIT experience?

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Commercialization research: Why it matters; What is its impact & the MIT experience?

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011217-C4E-IEF2017-Sandler-Commercialization research: Why it matters; What is its impact & the MIT experience?

  1. 1. Commercializing Research Why it matters. The impact and MIT experience? Leon Sandler MIT Deshpande Center for Technological Innovation November 28, 2017
  2. 2. • Create impact through technological innovation o Use MIT technologies to solve real world problems o Move the technologies from the lab to the marketplace o Stimulate innovation 3 Deshpande Center Mission Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  3. 3. 5 Design Based Research Based (Science)Use existing technologies with new combinations Develop new technologies Technological Innovation Engineering Based • Difficult - Long Time to Market • Big Impact on Society Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  4. 4. 7 Innovation Pathway Research ProductInvention - Validate - Mature - Reduce risk Commercialize Real Word Problems Market INNOVATION Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  5. 5. 8 • Grant funds and mentoring to faculty and students • Advance their technologies so they can leave MIT into startup companies What we do Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  6. 6. 9 Deshpande Grant program Industry Events / Awareness Investors Market discovery Direct Select Connect Entrepreneurs Mentors Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  7. 7. » Technology risk » Market risk Commercial Enterprise 10 The Innovation Gap Product $ $$$$$ Copyright 2017 Leon Sandler, Massachusetts Institute of Technology » Technology risk » Market risk
  8. 8. 11 • What is the market problem to be solved? • What is important to the market/customers? • Will the product be competitive, so people will buy it? • Technical performance requirements? Market Risk Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  9. 9. 12 • Is this technically feasible? o Can you prove the key technologies work? o Need data from experiments • What is the likely performance range? o Is it within the range required by the market? Technical Risk Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  10. 10. Invention Proof of concept Proof of Product & Market Spinout company Large company 13 MIT Technical & Market Validation Commercial World Produce and Sell 1-4 years Industry 2-8 years Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  11. 11. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 15
  12. 12. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 16
  13. 13. After the innovation 17Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  14. 14. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 18
  15. 15. 19 2006 IDEA Energy created when sun shines and wind blows Store energy to use later Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  16. 16. 20 2006 IDEA Aluminum Smelter -> Molten Metal Battery
  17. 17. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 21 Molten Metal Battery Mg Salt SaltMg-Sb Alloy Mg-Sb Alloy Discharged Charged
  18. 18. 22 2006-2010 EXPERIMENTS
  19. 19. 23 2010 SPINOUT  2015 PRODUCT
  20. 20. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 24 • Insert in doctors office • Delivers medication for 3 weeks • Easy to remove Device for Delivery of Drugs to Bladder
  21. 21. 26
  22. 22. 27
  23. 23. 28 Eyenetra photos
  24. 24. 30 ETA
  25. 25. • 15 years • 500 proposals • 133 projects supported • $17 million of grants funded Results • 400+ faculty/students and 100+ volunteers • 33 start-ups • $700 million capital raised, hundreds of employees 31 History Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
  26. 26. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 32
  27. 27. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 33
  28. 28. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 34 • batteries, cancer therapy, database software, dental imaging, drug delivery, eye testing, • food ripeness sensors, medical devices, membranes, molecular diagnostics, power electronics, • quantum dots, simulation software, surface coatings, water treatment Spinout products and markets
  29. 29. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 35 • People who want to solve problems and bring products to market • Interactions with market & customers • Ecosystem to support innovation and entrepreneurship • Guidance & mentoring Lessons learned – keys to success
  30. 30. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 36

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