200 Innovation BoulevardState College, PA 16802

TechCelerator “Programs”

• Research To Start-Up

• 4-week TechCelerator - Faculty & Grad Students

• 8-week TechCelerator for Entrepreneurs

200 Innovation BoulevardState College, PA 16802

Research to Start-up

• Targeted towards faculty & grad students

• A 90 minute overview

• Four sessions so far, 180 registrants

• Strong interest from faculty & grad students

200 Innovation BoulevardState College, PA 16802

4-week TechCelerator

Focus on Faculty, Grad Students & Post-Docs

Educate and Motivate Potential University Spin-offs

200 Innovation BoulevardState College, PA 16802

4-week TechCeleratorWeek 1“PSU Intellectual Property & You”. The rights and responsibilities of faculty desiring to commercialize their IP. Describe the process & hear from OTM on patents, options, licensing, and cooperation.

Week 2 Risk tolerance discussion.Live presentation by a successful entrepreneur – ex. Tom Lancaster, SmartCells

Doug Granger, Salimetrics

Week 3 Business Model Development.

Week 4 Funding options - Ben Franklin, VIF – SBIR, & Angel fundingFaculty presentations - Where will you go from here to move this forward?

200 Innovation BoulevardState College, PA 16802

4-Week TechCelerator Laser Tomography

Starch Fibers

200 Innovation BoulevardState College, PA 16802

8-week TechCelerator

200 Innovation BoulevardState College, PA 16802

8-Week TechCelerator

• Select 6 serious start-up opportunities from the region

• Requires a time & effort commitment (minimum 4-5 hrs/wk)

• Range of business types• Selection criteria includes

near term progress, funding and market viability

200 Innovation BoulevardState College, PA 16802

8-Week TechCelerator

• Program focuses on: Understanding markets, customers, market validation, minimum viable product, Business Models, legal structure, financials, and Intellectual Property.

• 2 Classes, 12 participants: formed 12 companies, >$700K start-up funding, 3 Incubator tenants, + 23 full or part-time employees

200 Innovation BoulevardState College, PA 16802

Next Offerings?

• Research To Startup– February 2013

• 4-Week TechCelerator– March 2013

• 8-Week TechCelerator– April/May/June 2013

200 Innovation BoulevardState College, PA 16802

Company Profile:Lin Wang, CEO

200 Innovation BoulevardState College, PA 16802

Summary - TechCelerator Goals

• Increase the number of successful business start-ups in Centre County

• Easy access, one stop shop for clients• Leverage the continuum of business

development services

200 Innovation BoulevardState College, PA 16802

Questions???