Direct Investment in US inventions by the Qatar Business Incubation Center (QBIC)Respectfully Submitted by:

Greg J. Micek, JDSeth Nyenya

DATE

WHY HOUSTON:

Houston is the “Innovation Capital of the World”.See: https://www.youtube.com/watch?v=U-sOQU9PMYA.

PROPOSAL SUMMARY:

The Houston Inventors Association (HIA-founded in 1983), see: www.inventors.org, and the Young Inventors Showcase (YIS-founded in 1988), see: www.younginventorsshowcase.org, are both 501.c.3 non-profit agencies that serve adult and young inventors, respectively. We propose QBIC provide invention development funding and resources, similar to its current xxx program at QBIC, through both organizations’ adult and young inventors, respectively, in exchange for the international marketing rights. The inventors would retain sales rights in North America.

BACKGROUND

The Houston Inventors Association (HIA): Serving the Houston Gulf Coast region, HIA supports the commercialization efforts of 100-150 members annually. It hosts monthly meetings in which the members receive hands on problem solving feedback on the entire scope of “go to market” challenges. HIA also conducts an annual Inventors Faire, which can be seen here: https://www.youtube.com/watch?v=DmW_Mb-LnHk.

The Young Inventors Showcase (YIS): The YIS program is an annual competition, running from November through the finals in the end of May. Local science teachers educate their students on the invention process, using the attached study guide. The program typically sees 2,000-2,500 invention submittals that have preliminary judging events at the local school, with about 120 inventions reaching the finals. Typically, about 5% of the inventions are consistently commercially viable, making nearly all of the final inventions candidates for taking to market. For a thorough look at a typical finals event, see the 2009 edition in this 16 minute video: https://www.youtube.com/watch?v=Vn_SORNKmUg.

The history of both organizations can be viewed here: https://www.youtube.com/watch?v=wYLWm69uR48.

PROPOSAL SPECIFICS:

1. Number of Inventions: Both HIA and YIS would work with QBDC to identify up to 10 inventions from each program, for a total of up to 20 inventions, that would be attractive commercialization projects applicable to the Gulf Arab States.

2. Exclusive Distribution Rights: QBIC would be granted exclusive distributor rights to the Gulf Arab States region, at minimum, with options that would extend to other regions, such as Africa, Europe, Asia, etc.

3. Nature of Relationships:

a. QBIC would assign a student from within its Center that would have a direct relationship with the Inventor.

b. Neither HIA and YIAA would have any equity interest in the individual inventor’s invention. An agreed upon royalty interest would vest with HIA or YIAA, respectively, as a residual interest.

c. QBIC would establish it’s own contractual relationships with the QBDC student and the HIA/YIAA inventor.

4. Scope and Funding: QBIC would set aside a one time fund of $5 million, to be drawn down as the individual inventions are launched. After the “up to” 20 inventions are fully launched, an assessment will be made by all of the parties as to the next phase of the program.

INCUBATOR

All parties to this agreement will create a task force to establish the most effective and efficient business model for the “go to market” channels of the aggregate inventions.

Greg J. Micek, JD –Incubator related background

www.linkedin.com/in/gregmicek . March, 1983-January, 1983: Executive Director, Houston Entrepreneur Center,

600 West Gray. 1987-1991: Founder/Managing Partner, The Plus Companies, including, Sales

Plus (Sandler Sales Franchisee-Houston), Financials Plus, Human Resources Plus, and Grants Plus.

1991-1992: Executive Director, Small and Minority Contractors Enterpreneural Program for the Austin/Bergstrom Airport.

1997-2000: Managing Partner, JVWeb, Inc., a web-based ecosystem (publicly traded as JVWB)designed to bring major brands to the web.

2004-2008: Managing Partner, Enterprise Builders. 2009-2013: Micek Law Firm PIPE funding program, which brought emerging

technologies to public companies.

PARTNERS

The following institutions are being targeted for inclusion in this program: The University of Houston, CT Bauer School of Business, Wolfe Center of Entrepreneurship The Houston Technology Center Texas A&M and it’s campus in Dohar. The Houston Angel Network (www.han.com) The Tiger 21 (www.tiger21.com) The National Innovation Association (www.nationalinnovationassociation.org) The University of Houston Small Business Development Center The U.S. Trade Dept

APPENDIXSAMPLE OF INVENTION CANDIDATES