idea crunch interest meeting
TRANSCRIPT
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IdeaCRUNCH and UNC
NC TraCS
Carolina
KickStart
ideaCRUNCH
/Innovation
Teams
Launching the
Venture
Startups!
OTD
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IdeaCRUNCH and UNC
Goals for ideaCRUNCH and class participants Understand university commercialization process
Exposure to individuals and companies that have
experience, NETWORKING
Create an entrepreneurial environment for studentsand faculty
Help to start/launch companies based on UNC
technology
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IdeaCRUNCH Meetings
Monthly meetings held at the Top of the Hill from 5-7pm
Presentations from experts in the following fields :
1. Patent law
2. Regulatory
3. Venture capital
4. Marketing5. Career development
6. Success stories from entrepreneurs
Presentations are followed by and interactive question/answer session
Ultimately the goal here is for you to be able to make connections, network, and gain
a better understanding of the different components needed to market and develop aproduct.
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IdeaCRUNCH Website InformationIdeaCRUNCH Website Informationwww.ideacrunch.org
Website Contents:
1. Programs
a) Biomedical eTeams
b) Digital Health eTeams
2. Resources
a) UNC
specific resourcesb) Local resources
c) National resources
http://www.ideacrunch.org/http://www.ideacrunch.org/http://www.ideacrunch.org/ -
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University Commercialization
Bayh-Dole Act of 1980 Intended to increase US competitiveness
Prior to 1980, US government funded research
was owned by the government
Gives Univ. ownership of all technologies
To commercialize a university-based
technology, an entity must license from UNC Carolina Express License Pre-negotiated license
agreement with UNC
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Report of Innovation
(ROI)
Provisional
Patent Application
$
Non-Provisional
Patent Application
$$$$$
Start-upCompany License to
Established
Company
Release
toInventor
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Overview
Early-stage technology Interdisciplinary teams
Desired outcomes:Education NetworkingAdd value to tech Fun?
Goal:Commercialization strategy
Approach:
Assess as start-up opportunity
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Timeline
0 21 43
Phase I
46 weeks Phase II
~ 8-12 weeks
Months
Estimate 10-15 hrs/week per teamMeetings every other weekguest speakers, team presentations
of lessons learned
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Phase I
Technology Review:
Deliverables:
Phase I Workbook Meeting with OTD
Faculty member / Inventor
Understand technology, intellectual property
and related issues
Product Opportunities:Identify opportunities, choose top 2
Exercise #1
Exercise #2
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Phase II
Deliverable:Phase I & Phase II Workbookdetails of all findings
Focus on understanding:
Customer Discovery
Value Proposition
Hypothesize and verify business model
Competitive Intelligence
Market Research
Market Size
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Interested?Find out more www.ideaCRUNCH.org
Program Leaders
Francesca [email protected]
Jason [email protected]
Advisory Members
Andrew [email protected]
Justin [email protected]
http://www.ideacrunch.org/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.ideacrunch.org/