Nastas Contributions, EIR at Spartan Innovations, 2014-2016

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Transcript of Nastas Contributions, EIR at Spartan Innovations, 2014-2016

Page 1: Nastas Contributions, EIR at Spartan Innovations, 2014-2016

325 E. Grand River Ave., Suite 355, East Lansing, MI 48823 USA

Nastas Thomas work/accomplishments, Entrepreneur in Residence, Spartan Innovations, Michigan State University Term: 20 hrs/week, from 2014-2016, initial 12 month contract + 12 month extension + additional 1 month Nastas deep dive into 46 technologies in agriculture, nanotech, robotics, materials, clean tech, biofilms, food packaging, manufacturing and water/particle filtration for oil/gas E&P as examples. Portfolio of innovations Nastas brought forth to the market.

1.   Adjuvant technology-Agriculture •   Determined the tech’s value proposition––mosquito control, then malaria, created the biz model •   Engaged with potential customers to validate/commercialize •   Secured commitment from Manatee County Mosquito Control,  Florida to test, and spent their $ to

test, no financial burden/cost to Spartan Innovations, Mich. State Univ. Tech Transfer 2.   Plasma as feed stock in 3D Printing-Manufacturing

•   Determined the tech’s value proposition––conductivity & subtractive (not just additive) •   Engaged with potential customers to validate, 3D Systems and Made in Space •   Secured commitment of MSUT to fund proof of concept and feasibility •   Wrote the commercialization plan •   Secured $42k TSGTD grant to advance the tech to prototype stage

3.   Compression mat’l technology-Action Sports, Military & Packaging •   Evaluated the technology, determined initial value proposition incorrect/misplaced •   Identified the applications for the tech, engaged/confirmed with the market & created the biz model

+ value proposition––drive start-up’s sales but also new sales of customers’ products •   Engaged with potential customers to validate & partner in development. Partial list includes:

Ø   Athletic shoes––Nike, Adidas, Wolverine Ø   Helmets––Bell Helmets, Smith Optics, Burton Ø   Military––Walter Reed Medical Hospital, US Army Research & Material Command (USARMC) Ø   Packaging––Cisco, HP

•   Confirmed interest and commitment of USARMC to fund development work (wounded warriors) •   Secured commitment of MSUT to fund two stages of development •   Wrote two commercialization plans, to support two TSGTD grants •   Secured $32k in 1st TSGTD grant to create/demo proof-of-concept & a $60k TSGTD to finance

prototype development •   Negotiated option with all terms & conditions for exclusive license agreement with MSUT •   Legal entity established in Dec. 2015, RecordWear LLC to receive $ for dev & commercialize

4.   Subsurface water retention technology-Agriculture •   Id the value proposition––site specific, not just crop specific, farms achieve better uniformity of soil

& even-out water & nutrient application to harmonize yields, harmonize water/chemical use •   Defined the data needs & research protocols required for trial use & commercialization testing •   Engaged farm owners, extension services & drip irrigation (US/Israeli) to partner