NCET2 Academic Entrepreneurs Webinar Seriesncet2.org/images/basn/bilsky.pdf · NCET2 Academic...
Transcript of NCET2 Academic Entrepreneurs Webinar Seriesncet2.org/images/basn/bilsky.pdf · NCET2 Academic...
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NCET2 Academic Entrepreneurs Webinar Series Speaker: Matthew Bilsky, PhD, PE Post-Doc, Adjunct Professor, Innovator, and Entrepreneur Founder, Impossible Incorporated LLC
Interviewed by: Bob Hisrich, PhD Bridgestone Professor of International Marketing Associate Dean of Graduate and International Programs at College of Business Kent State University
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Question 1:
What got you interested in being an academic and an entrepreneur?
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T-Shaped People à Mindset + Skillset
(ValveSoftwareCorporation2012)
ClassicalDefinitionofaPhD
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Entrepreneurial Mindset and Engineering Skillset
EntrepreneurialMindset EngineeringSkillset
(Ochs)
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Mechatronics – The T-Shaped Engineering Skillset
Skillset
Mindset
S S
SectionS-S
(MachineDesign2017)
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Systems Thinking is the thought process of a T-Shaped Engineer An understanding of:
Ø The interdependencies of a project
Ø Context of work in the big picture
Ø Combining Mindset + Skillset to formulate value propositions
Ø Taking a contrarian point of view towards revolutionary new ideas and outcomes
DivergentThinking
ConvergentAction
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Question 2:
What is the Entrepreneurially Minded Dissertation (EMD) and
why is this approach useful?
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Traditional Research Model
FacultyExpertAdvisor
PhDStudent
s
Faculty-centric model: Ø Projects are driven by faculty
• Advisor writes grants through University to fund project
• Hires students to work on research in exchange for graduate funding
Ø Knowledge is passed from faculty down to students
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EMD Model: Student Driven Research Student-centric model: Ø Student proposes project
• Writes their own grants to fund project
• Working on real-world project towards commercialization
Ø Driven entirely by student Ø Faculty advisor is a
mentor who provides guidance on the process
Ø Bridging the gap between traditional research and entrepreneurship
FacultyAdvisor PhDStudent
KnowledgeFlowsinBothDirections
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Follows the Integrated Product Development (IPD) Process
ParallelDevelopmentofProduct,ProductionSystemandMarketingMaterials
ManufacturingRampup
ProjectandProcessManagement
DocumentationandDataManagement
Sales,Service&Support
ConceptualDesign&ProductPlanning
OpportunityScanning
12
34
5Market
Introduction
(NeelandPatterson)
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Lehigh & Impossible Incorporated LLC University and Startup Collaboration
Ø Enrolled as full-time Mechanical Engineering PhD Student
• Receive full tuition and stipend for working as a Teaching Assistant (TA)
Ø Access to University resources • Machine shop • Multi-disciplinary expertise
Ø Founded in late 2013 within South Bethlehem Keystone Innovation Zone (KIZ)
Ø Apply for startup grants through company to fund research
Ø Enter business plan and pitch competitions
Ø Entity for commercialization of research
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Intellectual Property (IP)
Ø EMD research is funded by the student not the university
• Student is only paid for teaching not researching • Using resources available to all students at the university
Ø By university policy this means the student retains ownership of all IP generated throughout the EMD
Ø All patents on the snake-like robot (to be discussed next) are owned solely by Matthew Bilsky
This is almost never the case with traditional research!
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Question 3:
What is the robotic product you have developed, its uses, and the critical next steps in bringing it to market?
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Initial Goal: Develop a snake-like robot that can drive, drill, and see within walls to run wires without the mess
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Ended up with an IP Portfolio of intelligent mechanisms that are also the world’s smallest and strongest
1. First joint that can extend, rotate, and lock (also in a miniature form-factor)
2. Smallest, strongest gear boxes in 2D and 3D arrangements
3. Long distance flexible drive shaft power transmission
4. Radar based obstacle mapping system
Our Patent-Pending Improved, Intelligent Mechanisms
(1)
(2) (3)
Ø 4 provisional patents and a PCT application – Over 600 pages of IP disclosed! • Provisionals: 62/237,987, 62/278,487, 62/527,597, and 62/692,680 • PCT/US2016/55791
§ Nationalizing in 7 countries: US, Canada, EU, Israel, Japan, Korea, and China § International patent search authority returned 4 “A” references
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Example Applications
Ø Robotics • Running wires through walls without the mess • Rescuing trapped victims
Ø Fluid control: Automating and miniaturizing valves Ø Prosthetics: Smaller, stronger, and more agile limbs Ø Automotive: Adaptable suspensions Ø Consumer products: Smaller and stronger tools Ø Defense
• Inspection of tight spaces such as aircraft wings • Combat exoskeletons
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Critical Next Steps
Ø Partner with companies who want to utilize these technologies in new and existing products
• Provide integration and engineering design services • License and/or sell the technologies
§ Application specific licensing § Sale of one or more technologies § Work with partners to develop further intellectual property
Ø Raise ~$500K per year to support ongoing development and build out my team
Ø Generate ongoing revenue for investors, stakeholders, and partners within 3 years
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Question 4:
How did the university help you in becoming an entrepreneur and
creating a company?
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LEHIGH’SEntrepreneurship
Ecosystem
Infrastructure&OtherRelated
Courses
IntegratedBusiness&Engineering
TECapstone(formerlyIPD)
CommunityConsultingPracticum
MicrofinanceProgram
EUREKA!ThalheimerStudentEntrepreneursCompetition
KEEN:KernEntrepreneurial
EngineeringNetwork
CommunityFellows
OpportunitiesforStudentInnovation
EUREKA!AdvancedTechnologyEntrepreneurshipCompetition
EntrepreneurialInternsProgram
CenterforAdvancedMaterials&Nanotech
SBDC
KeystoneInnovation
ZoneManufacturersResourceCenter
EnterpriseSystemsCenter
L.PoolMemorialScholarshipsforEntrepreneurship
PASchoolforGlobalEntrepreneurshipSmallBusinessCounseling
MBACorporateEntrepreneurship
VENTURESeriesExecutiveCertificate EducationalPrograms
RelatedOrganizations
BenFranklinTechnologyPartners
WilburPowerhouse
LifeSciencesGreenhouse
“Garage”StudentIncubator
OfficeofTechnologyTransfer(OTT)
LehighEntrepreneursNetwork
IntegratedRealEstate
LaunchBayC
EntrepreneurshipMinor ComputerScience&Business
CenterforPhotonics&Nanoelectronics
TheBusinessofLifeScience
GlobalVillageLeadership
Lehigh
OfficeofStudentLeadership
Development
IDEAS
MartindaleCenterfortheStudyofPrivateEnterprise
Innovation&Entrep.LeadershipResidency
InternationalSocialEntrepreneurship
EUREKA!SocialVenturesCompetition
LehighSilconValley
EntrepreneursinResidence
LiveLehighCreativeCommons
PITA
PADCED
USEDA
LVEDC
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Project Funding Sources
AllGrantsareNon-Dilutive!
Date Award/Grant Source Cash Labor Capstone2014 BethlehemStartupGrant USEDA $-$2500$50002014 Eureka!LevinAdvancedTechnologyCompetition Baker $3000$-$75002015 TechnologyTransferGrant KIZ $15000$-$-2015 UndergraduateInternshipGrant KIZ $-$2500$-2015 UndergraduateInternshipGrant LVEDC $-$2500$-2015 GraduateStudentInternshipGrant KIZ $-$5000$-2015 StartupInternshipGrant Baker $-$2100$-2016 Eureka!LegacyPrize Baker $-$-$50002017 PennsylvaniaInfrastructureTechnologyAlliance PITA $20000$29940$-2017 UndergraduateInternshipGrant KIZ $-$2500$-2017 LehighValleyLaunchBoxStart-upGrant PSU-LV $5000$-$-2018 PennsylvaniaInfrastructureTechnologyAlliance PITA $900 $391002018 TechnologyTransferGrant KIZ $15000$-$- Overall
Totals:$58900$86140$17500$162540Baker-BakerInstituteatLehighUniversity
KIZ-SouthBethlehemKeystoneInnovationZone
LVEDC-LehighValleyEconomicDevelopmentCorporation
PITA-PennsylvaniaTechnologyInfrastructureAlliance
PSU-LV-PennsylvaniaStateUniversity,LehighValleyCampus
USEDA-UnitedStatesEconomicDevelopmentAuthority
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EMDissertation Program Timeline
2013 20162013 2014 2015 2016
StartofProjectMay2013
GeneralExamApr2014
Eureka!CompetitionLevinPrizeNov2014
KIZTechnology
TransferGrantMar2015
Lemelson-MITCompetition
Apr2016
PhDProposalNov2014
Eureka!CompetitionLegacyAward
Nov2015
May2013-Sep2013Step1:OpportunityScanning
Sep2013-Apr2015Step2:ConceptualDesign&ProductPlanning
Apr2015-Aug2016Step3:DetailedDesign
Aug2016-Nov2016DissertationWriting
1stProvisionalPatentOct2015
InternationalPatentPCTOct2016
DissertationDefense
RequirementsforallPhDStudents
Steps4&5:Post-DocandBeyond
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Where am I now? The “Lehigh Incubator” Ø Post-doc Research Associate
• Funded indirectly through KEEN to teach TE Capstone course • Adjunct Professor for additional courses
Ø Provides 12-month salary and benefits solving the innovator’s dilemma
• How do I pay rent, insurance, and put food on the table? Ø This allows me to continue working on the snake-like robot
when I’m not teaching • Retain access to facilities • Continue collaborating with other faculty and students • Write further grants such as SBIR/STTR
Ø Exiting into the company full time at the end of 2018 • Continue to maintain relationship with the university through
visiting researcher status
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Management and Team (enabled by the university relationship)
Ø Matt Bilsky, PhD, PE • Founder and Managing Partner • Mechanical Engineering PhD focused in: Smart product development,
mechatronics, engineering education, and technical entrepreneurship • Licensed Professional Engineer (PE)
Ø Ad Hoc/Pro Bono business advisors • PhD committee and colleagues • Local and national business leaders • Economic development officials (local, state, and national)
Ø 53 Student interns and researchers • 33 Capstone students (5 teams over 3 years) • 5 MBA capstone students • 5 Undergraduate student researchers • 4 Graduate student researchers • 6 Graduate/undergraduate interns
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Question 5:
What problems did you experience in the process of becoming an
academic entrepreneur
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Intellectual Property
Ø Lehigh lacked the ability to assist me in filing patents on my intellectual property I developed as a student
• This is likely not a Lehigh-only issue
Ø What would have been nice? • A mechanism to license IP back to the
university in exchange for services • Pro-bono legal services
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What’s Next?
TheMissingStep
SelfEmployment
LehighEmployee