University of Delaware

July 6, 2010

Proof-of-Concept, SBIR/STTR Funding, and Business Incubation

…To maximize the value of early-stage technology generated by researchers across the Region, and accelerate technology commercialization.

…To maximize the value of early-stage technology generated by researchers across the Region, and accelerate technology commercialization.

The Science Center catalyzes convergence of early-stage technology, funding, entrepreneurs, facilities, and business services in the Greater Philadelphia technology “ecosystem”…

Raw Idea(”Push”)

Market Ready Idea(“Pull”)

Life Science Research

Institutions

Life Science Corporations

The Science Center’s Programs Help to Bridge the Region’s Demand and Supply of Life Science Technology

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Science and Technology Programs

• Science and Technology activities include the design and implementation of technology commercialization programs

QED Proof-of-Concept Program: Supports commercially-relevant technology development at stakeholder academic research institutions (Discover and Prove)

Grants and New Ventures: Assists in grant-based formation of new commercial entities from stakeholder institutions, and provides service-based support for existing entities (Develop)

Port Incubators: Provides infrastructure and services to new companies, supports and evaluates company growth, assists company exits (Deploy)

• Programs seek to interface science and business communities, including academia, industry, investors, and entrepreneurs

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Contact Us

For more information on:

•Obtaining proof-of-concept support

•Starting new (or working with existing) small businesses using SBIR/STTR funding

•Accessing business services, expertise, or infrastructure

Christopher Laing, MRCVS, PhDclaing@sciencecenter.org

Or through your Office of Research Administration or Office of Technology Transfer

quod erat demonstrandum: “that which was to be demonstrated is demonstrated”

Greater Philadelphia’s FirstMulti-Institute Proof of Concept Program

Program Overview

University of DelawareJuly 6, 2010

Bridging the Gaps in Technology Transfer

QED Program Objective:

• Increase the commercial value of university life science technology in the Greater Philadelphia Region

– Facilitating R&D activities that reduce business risk and increase investment attractiveness

– Using existing Regional resources including university technology, business and industry advisors, and bridge funding

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Key Structural Elements of the QED Program

Commercially oriented technology development

• University Based PIs

• QED-assigned business advisors

• University Tech Transfer Offices

Market-driven selection

• Effective, efficient, and transparent process

• Industry, investor, and scientific reviewers

Bridge Funding

• $200,000 per project over 12 months

• Science Center contribution plus institutional match

Guidance to Exit

• Project monitoring during funding period

• Program staff and industry participants provide support during pursuit of follow-on funding

A coordinated effort to succeed (or fail) “faster and cheaper”A coordinated effort to succeed (or fail) “faster and cheaper”

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QED Process Flow and Implementation

Application (PIs)

Project Implementation (PIs and BAs)

Proof of Concept Plan Development

(PIs and BAs)

Follow-on funding opportunities in the private sector (Industry and Investors)

Follow-on funding opportunities in the private sector (Industry and Investors)

2 mo

2-3 mo

12 mo

Finalists

Awardees

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Program Progress to Date

Metric

Research Institutes 17

Proposals 134

Phase 1 Finalists 20

Phase 2 Funded Projects 6

CHOPDrexelFox ChaseLankenauRutgersTempleThomas JeffersonU DelU Sciences PhilaU Penn

Project Institution Technology

NIR Wound monitor Drexel Diagnostic device

Breast cancer detector Drexel Diagnostic device

Sol-gel drug delivery platform Penn Combination therapy

Magnetic np drug delivery system CHOP Combination therapy

Heart valve replacement Penn Implantable device

U1 gene silencing Rutgers Therapeutic/research

Medical Devices/Imaging

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IVD/Research Tools

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Biologics/Therapeutics

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The QED Process: Submit a White Paper

• Next RFP will be released in June 2010• Science Center QED Website (www.sciencecenter.org/qed-rfp)• Your Technology Transfer Office

• Talk to your TTO• Now, or as soon as you think you may be interested• Before you begin to prepare an application

• Prepare and submit a White Paper

• Instructions available at the QED website• Submit to your TTO via an upload function

• White Paper review• Market representatives• 8-10 applicants invited to prepare a full-proposal (September, 2010)

• Next RFP will be released in June 2010• Science Center QED Website (www.sciencecenter.org/qed-rfp)• Your Technology Transfer Office

• Talk to your TTO• Now, or as soon as you think you may be interested• Before you begin to prepare an application

• Prepare and submit a White Paper

• Instructions available at the QED website• Submit to your TTO via an upload function

• White Paper review• Market representatives• 8-10 applicants invited to prepare a full-proposal (September, 2010)

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Components of a White Paper Application

Technology Description

Brief summary of the technical merits of your innovation

List the features and benefits

Market Opportunity

Is there an unmet need this technology addresses?

What is the competitive landscape?

Intellectual Property

“Novel, useful, and non-obvious”

What is the status of your IP?

Research and Development

Key findings to date and future work proposed

What sort of projects is QED looking for?

• So, you have a technology… Can you imagine one or more products?

Can you imagine one or more groups that need your product?

• Questions that retire business risk… Milestone-driven vs. Hypothesis-building

Can they be answered in 12 months and with $200,000?

• Help with answering these questions… Your Technology Transfer Office

One of the goals of QED is to provide assistance in answering what is currently unknown

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• Please visit our website for complete details

http://www.sciencecenter.org/qed-intro

• Contact Us

Adam Greenspan – Program Manager (agreenspan@sciencecenter.org)

Chris Laing – Vice-President of Science and Technology (claing@sciencecenter.org)

Further Information

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