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OPENING DOORS
FOR NEW IDEAS
A Tested Form u la
fo r Tech Startups
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Alan J. Young, PhD.
Academic:
Professor and Research Leader, Department ofVeterinary and Biomedical Sciences
Project Leader, Center for Emerging Zoonoses andAnimal Disease
Business:
Technology Lead, Life Sciences Portfolio,Innovation Partners
Chief Scientific Officer and Founder, MedgeneLabs, LLC.
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Alan J. Young, PhD.
2001 Assistant Professor, South Dakota State University Research focus on Sheep Immunology, Prion Diseases
2004 DOD Prion Research Program releases prion SmallBusiness Innovation Research RFA
From 2004-2010, received approx $2M in SBIR Phase I and PhaseII Research Funding in partnership with Rural Technologies Inc,and Chronix Biomedical, Brookings, SD.
2010 All IP and equipment acquired by Medgene Labs, anew startup company with initial investment by InnovationPartners.
2012 Assumed role as Technology Lead for Life SciencesPortfolio Companies
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Innovation Partners Overview
Early-Stage Venture Capital Firm Focus on Research Commercialization
De-Risking Market-Aligned Technologies
Between Basic Research at Universities
and Corporate Product Development Technology Transfer, Seed Capital, and
World-Class Business Development
Portfolio Company Investment Strategy
Agriculture Technologies
Life Sciences
Engineered Technologies
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Overcoming the Valley of Death
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De-Risking Strategy
Market
Team
TechnologyIntellectual
Property
BusinessModel
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Funding Strategies
Primary Investment and businessmanagement is provided by InnovationPartners, leveraged through:
State and Federal Grant Opportunities SBIR/STTR Program NIH, NSF, USDA
State Workforce Development Programs
Product Development and Contractual
Relationships with Federal and Private Partners Where appropriate, low-interest or forgivable
loans.
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Medgene Labs uses a combination of advancedand proven in vitro evaluation systems and in vivotrials to develop vaccines and antibody-based
diagnostics and therapeutics to meet the needsof animal and human health.
Product development is a combination of in-house and end-licensed technology from
academia. Our product development focus is on emerging
zoonoses and vector-borne diseases.
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Enabling Technologies
MAX400TM Detection
Rapid X SystemTM Screening
Adjuvant Systems InAcTTM - Innovation in Biotechnology Award
Peptide Hydrogel
Delivery Systems NaturprozTM
NaturmiczTM
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Target Identification
-CEEZAD, USDA
-Universities
Production/Delivery
-Insect Cell Synthesis
- TranzDerm
-InAcT
Adjuvant
-InAcT, Peptide Hydrogel
-Seppic
RapidXScreening of Formulations
In vivo Challenge Studies
Rift Valley Fever
Influenza
Tick-Borne Diseases
PRRSV Epitoozotic Hemorrhagic
Disease
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Interdisciplinary Approach to Innovation
Formulation
/ Delivery
Systems
Thin Films
Renewable Oil /
Soil Amendment
Renewable Oil /
Protein Enhancement
Microbial-Based
Chemical Production
Animal and Human Health
Diagnostics / Therapeutics
Protein Enhancement /
Aquaculture Technologies
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Current Scorecard
Investment Capital: $6.0MDeals Reviewed: 800+
Start-Up Companies: 10
Patent Applications: 30+
Team Members: 30+
Strategic Partners: 30+
Grant Proposals: 30+
Grant Awards: 10 $2.5MOther Commitments: $3.5M
Entrepreneurial Leverage
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Importance of Partnerships
Open Innovation Co-Development
Entrepreneurial Exchange
Scientific Exchange
Co-Investment
Innovation Fund I Exit Opportunities
License
Acquisition
Innovation Fund II Capital
Opportunities
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Current Scorecard
Investment Capital: $6.0MDeals Reviewed: 800+
Start-Up Companies: 10
Patent Applications: 30+
Team Members: 30+
Strategic Partners: 30+
Grant Proposals: 30+
Grant Awards: 10 $2.5MOther Commitments: $3.5M
Entrepreneurial Leverage
S hb d l H 400 l d
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Southbound lanes on Hwy. 400 closed
due to tractor fire Sept 20, 2013
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SD Traffic to Holiday Country..