MTRAC Innovation Hubs: Applied Advanced Materials ... Tran… · Annual process. Most of the...
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MTRAC Innovation Hubs: Applied Advanced Materials & Advanced Transportation Brenda DaCosta, Program Director Eric Petersen, Program Director September 2018
Transcript of MTRAC Innovation Hubs: Applied Advanced Materials ... Tran… · Annual process. Most of the...
MTRAC Innovation Hubs: Applied Advanced Materials &
Advanced TransportationBrenda DaCosta, Program Director
Eric Petersen, Program Director September 2018
TitleAgenda
• Why commercialize?• Resources available• MTRAC – What is it?• MTRAC Applied Advanced Materials• MTRAC Advanced Transportation • Application process • Q&A
TitleWhy Commercialize?
• State of MI: Create jobs and competitive companies with leading edge technology
• Michigan Tech: Premier technological research university of international stature, delivering education, new knowledge, and innovation for the needs of our world
• UM Engineering: Spur innovative and collaborative research to solve grand challenges
• Maximize the benefit to stakeholders: the university, inventor, potential licensees, and the public or end user
Presenter
Presentation Notes
Also personal success! Get research out into the world!
TitleMTRAC – What is it?
MSU-AgBio
UM-Transportation & Life Sciences
Applied Advance Materials• Michigan Translational Research and
Commercialization (MTRAC) Funded by the 21st Century Jobs Trust Fund Received through the Michigan Strategic Fund
(MSF) Administered by the Michigan Economic
Development Corporation (MEDC) Program Oversight and Support from Denise
Graves, University Relations Director, Entrepreneurship and Innovation Team, MEDC
• The statewide MTRAC program expanded in April 2016, providing access to researchers through Innovation Hubs Advanced Applied Materials (Hub at
Michigan Tech) Ag & Bio (Hub at MSU) Advanced Transportation (Hub at U of MI) Life Science (Hub at U of MI)
IDEATION CONCEPT HARDENING
RISK REDUCTION
LICENSING/ SPINOUT
SBIR STTR
Commercialization Roadmap
Market Need HypothesisTeam FormedPrototyping
Unmet NeedCompetitive Advantage Customer ValidationTechnical Feasibility
PrototypeBusiness Model Project PlanFunding PlanMarketing Plan
OU
TPU
T
Invention Disclosure Consultation w Office
of Tech TransferCustomer Discovery
Industry I-CorpsNSF I-Corps
MTRAC
MTRAC Resources: Mentoring
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
TitleMTRAC Resources: Connections
MTEC Transformative Technologies Program
Presenter
Presentation Notes
Our board is made up of industry experts, venture capitalists, and startup strategists. They give valuable feedback on a project's commercial path, and decide which projects to fund. Their mentoring during the funding period is invaluable, and helps these technologies accelerate out of the university.
TitleStages, Risk, Resources Available
Each project has a unique path pulling resources from home university, state programs, federal funding and investor / customer funding. Ten or more successive investments are not unusual.
Presenter
Presentation Notes
Evolution of project
TitleDe-riskingMarket Risk
• How many customers? Cost of your solution? Will customers adopt? Competitive Risk
• Who are competitors? How are you differentiated? What is their R&D?Technology Risk
• Can viable offering be affordably produced with proposed IP?Operational Risk
• Production bottlenecks? Go-to-market plan? Scale all aspects of operation?
Financial Risk• Does business model monetize offering? How hard to get to break
even?People Risk
• Strength of current team? Scaling up skills, experience, market knowledge? Legal / Regulatory Risk
• Comply with current and future requirements? Protect against lawsuits?
MTRAC Applied Advanced Materials Hub
MTRAC Applied Advanced Materials Hub Program
• Novel materials• Novel applications of conventional
materials• Processes enabling the application of
a) novel materials b) conventional materials for novel
purposes• Technologies where composition of
Michigan Tech Oversight Committee is best suited to assist with commercialization strategies.
Applied Advanced Materials Hub - What Do We Do?
• Our Materials program focuses inventors on critical steps necessary to demonstrate the technology works!
• We network inventors with someone who cares
• Provide resources to achieve milestones• Oversight Committee: 10 members
consisting of VCs, experienced entrepreneurs, materials experts from various fields and from Industry
• 2017 cycle: 2 projects with funding of $100K ending in
• 2018 cycle: 4 projects with funding of $200K and participation from MTU, MSU and UM
MTRAC Applied Advanced Materials Projects
• Nanowires for the detection of foodborne pathogens• Porous carbon electrodes for use in blood hematocrit detection device• TiO2 nanotubes etched on orthopedic implants to improve bone adhesion• Carbon nanotubes used in active noise control system for vehicles• Linear photonic RF modulator for data transfer capacity in fiber optic • Development of artificial enzyme to improve medical diagnostic tests• Organic nanowires as gas sensors• Ceramic material for solid-state batteries• Novel, energy efficient process with low cost Michigan feedstock to produce high
purity salt• Lithium batteries recycling - materials separation and purification• Scalable - ultra thin metal based transparent conductors• Self cleaning and smudge-free resistant glass panels• Boron nitride nanostructures as the fluorophores carriers for biological & chemical
systems• Prototyping biodegradable Zn-Based stents of enhanced mechanical properties• Microwave processing system for vermiculite exfoliation• Pyrolysis of biomass
Title
$9MFOLLOW ON
FUNDINGFUNDING AWARDED
MTRAC Advanced Materials Hub Performance
5 YEARS
RETURN ON $ SPENT$14$675K
TitleMichigan Tech Commercialization Technology Transfer Performance
MTU - Office of Innovation and Industry Engagement
No Protection Start-up
TitleMichigan Tech Case Study 1
• $200K Federally funded research
• $20K MUCI proof of concept study
• $50K MTRAC Funding Award
• $60K MUCI with industry letter of support
• $230K Validation study ($70K MUCI +$160K industry)
• $230K STTR Phase 1 ($110K sub to Michigan Tech)
• $1.3M STTR Phase 2 ($370K sub to Michigan Tech)
Not Ready
Strategy IP Protection License
InventionDisclosure
Strategy Development
Market Assessment
Patent Assessment
Funding Partners
IP Marketing
Research
MTU - Office of Innovation and Industry Engagement
Title
Advanced Transportation
TitleTechnologies and Industries
ExampleTechnologies:
Autonomy and sensorsElectrification
Advanced materials Software / controls / dataAdvanced manufacturing
We support more than automotive tech!
Example Industries:
Vehicles Mobility Robots DefenseShipping
TitleCurrently Funded TeamsWireless Data FlowLiDAR RADAR
Antimicrobial Coatings
Self-Powered SensorsHigh Speed, 3D Printing
Design for FatigueDesign for WeldabilityActive Noise Control
Autonomy & Connectivity
Shared Mobility
Light Weighting
Adv. Mfg.
Title
26PROJECTS
14STARTUPS
$47MFOLLOW ON
FUNDING
$2.9MFUNDING AWARDED
MTRAC Transportation Performance
5 YEARS
Solid State Battery Project
Jeff SakamotoProfessor
PhD, UCLA 2001
Asma SharafiPhD Student
MSc, UGA 2013
Travis ThompsonResearch FellowPhD, MSU 2014
Presenter
Presentation Notes
Funding Sakamoto’s group to answer key technical (manufacturing method) and commercial (market research into likely first applications) questions.
Intro to Customer Discovery
• Topics covered:• Value Proposition • Customer Segments• Ecosystem Mapping• Customer Discovery
• ~30 Interviews• 6 weeks ; 10-12 hours per week
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
Business Model Canvas
Source: http://nextjuggernaut.com/blog/how-uber-works-business-model-revenue-uber-insights/
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
Title
Application Process and Timing
TitleProposal Contents
1. Unmet / future need?2. R&D plan3. Commercialization strategy4. Intellectual property 5. Plan for follow-on funding 6. Team description
MilestonesBudget
Aspects of a Successful Proposal• Unique technology
• Submitted to tech transfer office before application• Market need
• Well defined in significant market• Proposed technology will be a key enabler
• Team • Capable, motivated , adaptable
• Match Funding• Cost share from institution? From industry?
This is not pure research funding!Don’t apply unless there is one or more team members willing to move technology to commercialization (licensing or start-up)!
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
Intellectual Property (IP) Protection
Goal is to accomplish commercialization by licensing IP rights to either an existing company or start-up company who:
• Commit to offering a product or service using the technology• Pay the licensing royalties and/or other fees in exchange for the IP rights
You should:• Plan information releases and whet their appetite to learn more (elevator pitch)• Be persistent: actively seek partners and seek research and commercialization funding• Work closely with your Technology Transfer Team
We will:• Evaluate market and promote your idea and contact prospective commercial partners• Assist with securing funding opportunities• Negotiate license and research contract terms to reach win-win agreements
Note: Proposals must be non-confidential! Oversight Committees are not under NDA.
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
TitleRules for Use of Funds
What can be paid for• Project personnel salary
(limited PI salary support)• Materials and supplies• Equipment• Travel (i.e. tradeshows)
What cannot be paid for:• Tuition• Business consultants• Capital projects• IP assessment or patent costs • Company funds
IP (minimum invention disclosure) must be filed with Tech Transfer Office prior to application
Presenter
Presentation Notes
Our board is made up of industry experts, venture capitalists, and startup strategists. They give valuable feedback on a project's commercial path, and decide which projects to fund. Their mentoring during the funding period is invaluable, and helps these technologies accelerate out of the university.
MTRAC Full Award Timeline
Track Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
AgBio RFP Open Finalists Present
Funding Begins
Life Sci RFP Open Finalists Present
Funding Begins
Material RFP Open Finalists Present
Funding Begins
Trans RFP Open Finalists Present
Funding Begins
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
MTRAC Kickstart Award Timeline
Track Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Transportation RFP Open Funding RFP Open Funding
AgBio RFP Open Funding
Life Sci Nov 1 Feb 1 May 1 Aug 1
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
Contact Us
MTRAC Innovation Hub for Advanced TransportationEric Petersen Phone: 734 936 1556 [email protected]
MTRAC Innovation Hub for Applied Advanced MaterialsBrenda Da Costa Phone: 906 487 1094 [email protected]
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
Q&A
Presenter
Presentation Notes
Annual process. Most of the acceleration happens with interactions with the board mentors. To be eligible the applicant must have a faculty appointed position and have disclosed their technology to the Office of Tech Transfer. We are focused on the commercialization – the business side – more than the technology. We want to know what problem you solve: for whom and what is the value proposition to that customer segment.
