TEDCO as a Federal Lab Partner

September 2008 FLC Mid-Atlantic Region Annual Meeting at Rocky Gap, MD

TEDCO Mission

Build the technology-based economy in Maryland

OutreachProject development

Assist companies and laboratories to achieve their mutual objectives

A Technology Transfer Mission

The objective of outreach is to find companies that can collaborate with universities and federal labs to develop technology for commercializationThe objective of project development is to create new technology-based business activity in Maryland and expand the entrepreneurial capacity of the region

A Technology Transfer MissionTo accomplish the Mission a series of specific technology transfer funding projects have evolved

MTTF --$75K, reimbursable awards• J&J

FDTTI -- $50K grants TechStart -- $15K grants Stem Cell $230K + grants Working Capital Loan Fund -- $50K loanRBI– $10K

Signature Program --Maryland Technology Transfer Fund (MTTF)

Facilitate the transfer of technology between Maryland Universities or Federal Laboratories and Maryland Companies

Project must involve significant collaboration

Maximum award amount is $75,000. Reimbursable award Requires a 50% company match

MTTF Success Criteria

Achieving technical/budget/schedule milestonesFinding continuation funding

108 companies with completed MTTF projects (September, 2008); 140 projects funded; 54.4% rate.$6,812,112 in TEDCO support$200M in continuation funding>29.4:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

TEDCO Funding -- Johnson & Johnson Joint Investment Program

Interests of J&JTransformational medical technology Maximum award is $150,000

MTTF process Reimbursable award, TEDCO Agreement

TEDCO Funding -- Fort Detrick Technology Transfer Initiative (FDTTI)

Congressional earmark –Maryland Delegation

Transformational medical technology

Meet Army technology needs (BioMed focus)

Maximum award is $50,000

Working with Paul Mele of ORTA, FC OED, Ft. Detrick BDO and FITCI

TEDCO Funding --TechStart Program

Increase the number of university/federal lab start-up companiesTeam - experienced entrepreneur, the inventor, and a technology transfer managerFunding up to $15,000 for commercialization analysis (IP, market, competition, business model…)

TEDCO Funding --Working Capital Loan Fund

Applications received by the 1st Due diligence by staffSite visitReview completed within 30 days Applications at www.marylandtedco.org

TEDCO Funding -- Maryland Stem Cell Research Fund

The Maryland Stem Cell Research Fund was established by the Maryland General Assembly under the Maryland Stem Cell Research Act of 2006 to promote state-funded human stem cell research and medical treatments through grants to public and private entities in the state.There are three types of grants:

Investigator-Initiated Grant up to $500K/year for three yearsExploratory Grant up to $100K/year for two yearsFunding up to $55K/yr for post-doctoral fellows who wish to conduct basic and/or translational research on human stem cells in the State of Maryland.

TEDCO Funding – RBI Assistance Business assistance (examples)

business plan review market and competitive analysisdeveloping a business model or strategyfinancial analysisgrant review

Technology assistance intellectual propertyprototype developmentmanufacturing problem solvinggreen assessments, etc.

Amount of assistance per company is $5,000 to $10,000

Company benefits of TEDCO Funding

Access to business and technical assistance

Access to Venture Capital, angels, and strategic partners (e.g. New Markets Growth Fund; Johnson & Johnson)Publicity through TEDCO press releases Recognition and reputation of state programsWorkshops for TEDCO funded companies only

Meet one on one with expertsNetwork with other companies

Laboratory benefits of Partnering with TEDCO cont.

An extension of your technology transfer office Technology ShowcasesSource of trained or experienced Entrepreneurs (ACTiVATE; TEDCO Databases) Source of established licensees Passive technology transfer– InvenioIP www.invenioip.org External funding Training and networking opportunities Company due diligence with TEDCO funding application

USDA-TEDCO PIA EUL Enhanced Use Lease

Company Scout

TECH Transfer--National Showcase Host Source of LicenseesSource of Funding

Research Showcase host Source of CRADA partnersSource of CRADA funding

USDA-TEDCO PIA

Tech TransferCrsipTek USDA Licensee / TEDCO $75K development funding –rice flourChesapeake Microproducts USDA Licensee / TEDCO $75K development funding – poultry feather waste Imagellian USDA Licensee / TEDCO $75K development funding –probiotics IntelliTech Microsystems, Inc. USDA licensee / TEDCO $75K development funding plant and land management UAV TEDCO Showcases April 2003 and February 2006

USDA-TEDCO PIA

ResearchSpiralcat USDA CRADA partner / TEDCO $75K funding RCN USDA CRADA Partner--potentialZGI NASA Space Act Partner (USDA Partner) -potential TEDCO Showcase Oct 30, 2008

Fort Detrick -TEDCO MOU

TECH Transfer Showcase – July 2005Fort Detrick Technology Transfer Initiative

• Eleven projects completed with $50K under FDTTI 1 • Fifteen more projects to be completed under FDTTI

2

Source of CRADA partnersSource of CRADA funding Connection to HCBUs

Fort Detrick -TEDCO MOU

Example, resultsBiaera USAMRMC license, Aerosol management for animal testing, >$2M follow-on funding, from one to three employees, 3 more government patent licenses for next product (CDC buyer)Biofactura – Smallpox Biodefense Therapeutic, ~$4M follow-on funding, in animal studies, IND filing expected 2010, from one to four employees

Fort Detrick -TEDCO MOU

Example, results Integrated BioTherapeutics – USAMRMC Patent License, Vaccine and therapeutic for Staph, $2M follow-on funding (Immediate DTRA funding ~$500K), from one to eight employees Akonni – Argonne Nat Lab Patent License, bio agent identification system, $5M follow-on funding, new 17K sq ft office/lab building, from one to >30 employees

Thank You

James A. Poulos, III Vice President Technology Transfer and Commercialization

jpoulos@marylandtedco.org410 715 4166www.marylandtedco.org