Intellectual Property Monetization in the Global Economy. April 27, 2010

Transcription

1 Intellectual Property Monetization in the Global Economy April 27, 2010

2 Invention Bridge Accelerates Entrepreneurship in the Midwest by Bridging the R&D Valley of Death Labs & Universities: Innovation Consulting Services Entrepreneurs-In-Residence & MBA Apprentices Hands-on R&D commercialization consulting Executive mentoring for young entrepreneurs Market validation for inventions, better hit rate for licenses and spin-offs Venture Capitalists & Corporations: Matching Start-ups to Seed Capital & Licensing Partners Representing a Consortium of Investors & Corporations Custom deal sourcing, guided access, and early look for participating investors De-risked deal flow and access to labs and universities Amplify the Midwest innovation ecosystem with business services, investment capital and collaboration 2

3 Invention Bridge Applies a Disciplined Technology Evaluation Process Establish Relationship Initial Assessment Identify Market Demand Spinout vs. License Execute Identify Opportunity Perform Initial Evaluation Assess Partner Needs Clarify IP Rights Establish Scope of Work Define Competitive Environment Gather Feedback from Market Leaders Map IP Landscape Identify GAP Funding Identify Potential Sponsors/Invest ors Business Model Determine: Spinout vs. License License Spinout 3

4 Ultimately Recommending Actionable Strategy Between Spinouts vs. Licensing Spinout Large market (>$1B) Emerging market Slower rate of innovation Long market tail Capital Efficient High appeal to venture community Cooperative & engaged inventor Economic development support vs. License Consolidated market Mature market Faster rate of innovation Narrow window for market entrance Capital Intensive Strong IP environment Regulatory Barriers 4

5 Invention Bridge Manages a Number of Consortia to Help Commercialize Energy Research Chicago Clean Energy Trust Private capital supporting energy start-ups GLASER Attracting energy R&D funding to labs in Midwest Argonne EIR Program (AVAC) Staffing an entrepreneur on-site at Argonne to spin-out DOE-funded technologies 5

6 Clean Energy Trust Mission and Purpose Mission: To accelerate the growth of a clean energy economy in the State of Illinois Vision o Clean energy will define the future. Regions with industrial strength in this sector will be the most competitive and have the highest quality of life for their citizens. Illinois can be a global leader in clean energy. Purpose: o Facilitate new companies and expansion of existing businesses in the sector Desired Outcomes o New businesses that will produce long term job growth o New clean energy-friendly business environment and policy 6

7 Founding Board Civic leaders and business professionals with a passion for Illinois and clean energy Michael Polsky, Invenergy Nick Pritzker, Hyatt Corporation Paula Crown, Henry Crown & Company Richard Sandor, Chicago Climate Exchange Tim Schwertfeger, ex-nuveen Antonio Gracias, Valor Capital 7

8 Offerings Business Services o Jungle guides for clean energy businesses o Online Clean Energy Clearing House o Business Plan Contest November 2010 Financial Assistance o Grants, loans, equity in evergreen financial vehicle o Invest alongside partners: VC s, foundations, government Advocacy o Partner with Chicago Chamber and Environmental Law and Policy Center o Encourage legislation that nurtures the growth of a clean energy economy 8

9 GLASER: Great Lakes Alliance for Sustainable Energy Research 9

10 Purpose of GLASER: Catalyze the Midwest Clean Energy Ecosystem Cross-disciplinary R&D: Leverage the expertise and resources of universities and private researchers, industry, and national laboratories to support novel research areas not served by the private sector. Accelerate Translation to Market: Partner with industry, local governments, and investors to expedite the transfer of innovative clean energy technologies into the marketplace. Create Jobs: Promote regional economic development by leveraging existing and cultivating new clean energy technology clusters. Outreach and Education: Harness the Midwest s vast extension learning infrastructure to assist communities with the adoption of clean energy technologies and energy efficient practices. 10

11 Technical Areas of Focus Next Generation Transportation: Develop batteries, drive trains, biofuels and fuel cells and supporting infrastructure charging stations and enhanced smart-grid architecture. Speed these technologies to market by leveraging the Great Lake s vast manufacturing assets and skilled workforce. Power Generation & Storage: New and existing clean forms of energy, including nuclear, solar, wind, bio fuels and clean coal, will be discovered or improved, and fundamental advances will be made in how we distribute and store energy. Energy Efficiency, Education & Outreach: The Great Lakes region is home to some of America s oldest and most respected land-grant universities. GLASER members are perfectly suited to educate the region about energy conservation and facilitate the transition to a clean energy economy. 11

12 Invention Bridge Currently Manages a Department of Energy EIR Grant AVAC = Argonne Venture Accelerator Consortium Grew out of 2 years of pro-bono work DOE-EERE grant to fund Entrepreneur In Residence at Argonne National Laboratory. Matched with funding from Chicago-based VCs: CEC, i2a fund, Ceres, Apex, OCA, Origin, Dillon Kane, Bob Geras, MVC, IL Ventures Goal: spin out a technology into a private company funded by VC sponsors within 12 months Staffed by Connie Capone, former VC at JK&B Other EIR winners: ARCH Ventures, Foundation Capital and Kleiner Perkins 12

13 Thank You Amy Francetic