TEDCO Seed Funding Programs for Technology Development and Commercialization

James A. Poulos, III, J.D.April 14, 2010

Towson University Showcase

Technology Transfer Mission

Build the technology-based economy in Maryland

OutreachProject development

Assist companies and laboratories to achieve their mutual objectives

ProjectProjectCapitalCapitalFundsFunds

$ $

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

Angel Investors

Venture Capital

SBIRSBIR

$

Funding Opportunities Outside Maryland

TEDCO’s depiction of the Valley of Death

ProjectProjectCapitalCapitalFundsFunds

$

University University Technology Technology

Development Development FundFund

$

$

$

BasicBasicResearchResearch

Proof of Proof of ConceptConcept

Feasibility Feasibility TestingTesting

ProductProductDesignDesign

Product/Product/ServiceService

DevelopmentDevelopmentProjectProject

Public Public LaboratoryLaboratory

CompanyCompany

PublicPublicFundingFunding

TechStartTechStart$

TechbridgeTechbridge

$

$

Maryland Stem Cell Research Fund Rural Business Innovation Initiative (RBI2)

Maryland Technology Transfer Commercialization Fund (MTTCF)

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

MTTCF Eligibility

Recipient must be Maryland businessFewer than 16 employees ORUniversity/fed lab spin-out less than 5 years prior to proposal

Recipient must be early stageNo revenue OROR• Revenue = commercial product

sales/services

No venture investment

MTTCF Success CriteriaAchieving technical/budget/schedule milestonesFinding continuation funding

137 projects completed (as of 2/18/2010); 170 projects funded; 52% rate.$8.3M in TEDCO support319M in continuation funding>$38.5:1 leverage Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

University Technology Development Fund

Supports pre-commercial research on university technology for commercialization All institutions of higher education in Maryland are eligible University faculty or staff apply in cooperation with the technology licensing officeMaximum award: $50,000

TechStart ProgramIncrease the number of university start-up companiesAll university labs in the State are eligibleTeam - experienced entrepreneur, the inventor, and a technology transfer managerFunding up to $15,000 for commercialization analysis

(IP, market, competition, business model)

RBI² Assistance Business assistance (examples)

business model or strategy market strategy/analysis and competitive analysisFunding opportunities and introductions financial analysisBusiness plan and grant review

Technology assistance intellectual propertyprototype developmentmanufacturing problem solvinggreen assessments, etc.

Amount of assistance per company is up to $7,500

RBI Program Director Lower Eastern Shore Rep.Southern Maryland Rep. Lee KirwanRobbie Melton 410.715.4164 410.430.0770rmelton@marylandtedco.org

maurice.kirwan@yahoo.com

Upper & Mid Shore Rep. Western Maryland Rep.Diane Ryan Chuck Ernst410.258.5558 301.842.3260dryan@ryantechgroup.com cernst277@msn.com

 

Benefits of TEDCO FundingAccess to business and technical assistance

Access to Venture Capital, angels, and strategic partners (e.g. 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

Entrepreneurial Assistance

Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE) The Maryland Rural Business Innovation Initiative (RBI²)

TEDCO and FED Partners

TEDCO has entered into MoUs, PIA’s and other agreements with 15 Fed Labs and the FLC

APG, APL, USDA, NAWC Pax River, NSWC Indian Head, NSWC Carderock, NSWC CRANE, National Naval Medical Center, NSA, NIST, ACE, NIH, NASA….

Contacts Henry Ahn (MMTF manager) hahn@marylandtedco.org(410)715-4165

Ronald Kaese (FDTTI manager)rkaese@marylandtedco.org(410)715-4170

Linda Saffer Ph.D. (UTDF and TechStart manager) lsaffer@marylandtedco.org(410)715-4165

Robbie Melton (Rural Business Innovation Initiative ) rmelton@marylandtedco.org(410) 715-4173

further contact information

James A. Poulos, III5565 Sterrett Place, Suite 214Columbia, MD 21044www.marylandtedco.orgJpoulos@marylandtedco.org(410)715-4166