accelerate new company formation from northwestern inventor scientists (nis) by identifying...
TRANSCRIPT
Accelerate new company formation from Northwestern Inventor
Scientists (NIS) by identifying potential
Business Entrepreneurs (BE)to assist with company start-up
Main Goal for INVOMatch 2012
MAKING THE RIGHT MATCH!
Accelerate new company formation from Northwestern Inventor
Scientists (NIS) by identifying potential
Business Entrepreneurs (BE)to assist with company start-up
Main Goal for INVOMatch 2012
HOW THIS WILL WORK
LATE MARCH
EARLY APRIL
Attend Pitch Seminar or WebinarWork on PitchSubmit to INVO
a. Biob. Technology Summary (Inventor)c. Photo (jpeg or tif)d. Deal Sheet (Business Entreprenuers)
Receive assistance on pitch, if needed
BEFORE INVOMatch 2012
INVOMatch 2012 SCHEDULE
Welcome : Dr. Jay Walsh, VP Research
Introduction: Michael Rosen
Round 1: First Dates
BREAKRound 2: Second Dates
Conclusion: Dr. Alicia Loffler, Exec. Director INVO
LUNCH & Networking
THE PITCH
NIS will prepare a brief, non-confidential synopsis of their technology. Include:
Brief Description of Technology/Invention
Role at Northwestern
Key Disease or Medical Problem addressed Stage of Development (proof of concept, etc.) Intellectual Property Status Competitive/Clinical Advantage
ROUND 1: 1st DATES
KEY POINTS
Each 1st Date will be 10 minutes Each NIS & BE will have 10 - 1st Dates NIS will stay seated BE will shift over
HOW THIS WILL WORK
NIS 1
NIS 2
NIS 3
NIS 4
NIS 5
NIS 6
NIS 7
NIS 8
NIS 9
NIS10
NORTHWESTERNINVENTORSCIENTIST
BE 1BE 2
BE 3
BE 4
BE 5BE 6
BE 7
BE 8
BE 9
BE10
BUSINESS ENTREPRENEURS
HOW THIS WILL WORK
NIS 1
NIS 2
NIS 3
NIS 4
NIS 5
NIS 6
NIS 7
NIS 8
NIS 9
NIS10
NORTHWESTERNINVENTORSCIENTIST
BE 1BE 2
BE 3
BE 4
BE 5BE 6
BE 7
BE 8
BE 9
BE10
BUSINESS ENTREPRENEURS
10MIN LEFT
0
HOW THIS WILL WORK
NIS 1
NIS 2
NIS 3
NIS 4
NIS 5
NIS 6
NIS 7
NIS 8
NIS 9
NIS10
NORTHWESTERNINVENTORSCIENTIST
BUSINESS ENTREPRENEURS
BEBE 1
BE 2
BE 3
BE 4BE 5
BE 6
BE 7
BE 8
BE 1BE 1
BE 2
BE 3
BE 4
BE 5BE 6
BE 7
BE 8
BE 9
BE10
BUSINESS ENTREPRENEURS
BE10BE 1
BE 2
BE 3
BE 4BE 5
BE 6
BE 7
BE 8
BE 9
1. NIS will give a brief “pitch” on their technology
WHAT TO EXPECT ON YOUR FIRST DATE?
2. BE will give a brief “pitch” on their:
Experience in start-ups Experience in raising money with VCs and
angels, and licensing in the life science industry (Deal Sheet)
3. NIS and BE will use SCORECARD to rate TOP 5 opportunities & personal interactions
WHAT TO KEEP IN MINDDURING THE DATES?
Interest Level Experience Match Personal Chemistry
*Take notes during dates
The Inventor’s Scorecard
BusinessEntrepreneurs
Start-upExperience
Money-raisingExperience
Technology/ Disease
Knowledge
Personal Chemistry/
Interest Level
#1: Bill Gates 3 3 2 2
#2: Warren Buffet 3 3 1 1
#3: Joe Biden 1 3 1 2
#4: Barack Obama 3 3 3 3
#5: Jim Bray 2 1 3 2
#6: Conan O’Brian 1 1 1 3
#7: Jay Leno 1 1 1 2
#8: David Letterman 1 1 1 1
#9: Al Gore 3 3 3 3
#10: Jimmy Fallon 1 3 2 2
RATING SCALE3 = Great Match2 = ?; Need More Info1 = No Match
NorthwesternInventorScientists
Technology Novelty/
Cutting Edge
Knowledge of Competitive Landscape
Technology/ Disease
Knowledge
Personal Chemistry/
Interest Level
#1: Albert Einstein 3 1 3 1
#2: Thomas Edison 3 3 3 2
#3: James Watson 3 1 3 2
#4: Francis Crick 3 3 3 3
#5: Rosalind Franklin 3 1 3 2
#6: George Washington Carver
2 2 3 3
#7: Louis Pasteur 3 1 3 1
#8: Marie Curie 3 3 3 3
#9: Jonas Salk 3 3 3 1
#10: Alexander Fleming 3 3 3 3
The Entrepreneur’s Scorecard
RATING SCALE3 = Great Match2 = ?; Need More Info1 = No Match
NIS & BE relax & network INVO/NUCATS will set up “2nd DATES”
based upon the SCORECARDS data
BREAK
AFTER 1ST DATE
3 “ 2nd DATES” of 20 MINUTES/eachROUND 2 Further Interest Next Steps
CONCLUSION
NETWORKING WITH VCs & ENTREPRENEURS
LUNCH
HELP & ASSISTANCE
Michael Rosen Jim Bray or Sonia Kim Invention Manager @ INVO
INVOMatch 2012
Organized by
Contacts
Entrepreneurial Speed-dating
Sonia Kim, PhDMarketing Manager
Michael Rosen, MBASr VP, New Business Development
Forest City Science & Technology [email protected]
Jim BrayAssistant Director