lehigh u - partnerships for enhancing tech commercialization pipeline - open 2011

Partnerships for Tech Commercialization Pipeline by Student Startups:

The EcoTech Example

Todd A. Watkins, Director Baker Institute

for Entrepreneurship, Creativity & Innovation

• Bethlehem, PA• Carnegie Research II Doctoral• Private, East Coast • Founded 1865• ~4800 UG, ~2200 Grad• ~465 FT faculty• 4 Colleges

– Arts & Sciences (~ 38% of u.g)– Engineering (~ 30%)– Business & Economics (~ 29%)– Education (grad only)

• Tuition ~$39K; mean aid ~50%• Admit rate 2009: 32.7%• SAT inter-Q: 610-710V 650-740M

Lehigh University in Brief

LEHIGHEntrepreneurship

Infrastructure

& Other Related

Courses

IntegratedBusiness &Engineering

IntegratedProduct Development

Community Consulting Practicum

Microfinance

ThalheimerStudent Entrepreneurs Competition

Design Minor & Design Majors

CommunityFellows

Opportunities for Student Innovation

Levin Advanced Technology Entrepreneurship Competition

Entrepreneurial Interns Program

Center for AdvancedMaterials & Nanotech

SBDC

KeystoneInnovation

ZoneManufacturers Resource

Center

EnterpriseSystems

Center

L. Pool Memorial Scholarshipsfor Entrepreneurship

PA School for Global Entrepreneurship

Small Business Counseling MBA Corporate Entrepreneurship

VENTURESeries Executive Certificate Educational

Programs

Related

Organizations

Development & Marketing of New Products

Bioengineering Capstone Design

Ben Franklin Technology Partners

WilburPowerhouse

Business 1

Life SciencesGreenhouse

“Garage” Student Start-up Incubator

Office of Technology Transfer &

Commercialization

Lehigh Entrepreneurs Network

Integrated RealEstate

Production & Marketing ofSound Recordings

PA Governor’s Institute for Personal

Finance & Entre-preneurial Education

EntrepreneurshipMinor

Computer Science& Business

Center forOptical Technologies

Iaccoca InstituteProfessional Education Seminars

Leadership Breakfast Series

The Business of Life Science

ArtsLehigh

Global Village

Leadership Lehigh

Office of Student Leadership

Development

IDEAS

Business Minor

Martindale Center for the Study of Private Enterprise

Innovation & Entrep. Leadership Residency

Baker Institute for Entrepreneurship, Creativity &

Innovation

International Social Entrepreneurship

Systems for Reef Aquariums

~$5M annual revenue

• IPD Entrp. Project• Thalheimer Winner• NCIIA Natl. Winner• Garage Incubator• VENTURESeries• L. Pool Scholar• KIZ Funding• ESC-Agile PA• Ben Franklin Tech• MRC, BEDCO• IPD Sponsor• Nanotech Center• PSGE & ILR mentor

National National National National

WinnerWinnerWinnerWinner

EcoTech Marine



Infrastructure

& Other Related

Courses



Microfinance


CommunityFellows


SBDC

Manufacturers ResourceCenter

EnterpriseSystems Center


Educational

Programs

Related

Organizations



Wilbur Powerhouse

Business 1











ArtsLehigh

Global Village

Leadership Lehigh


Development

IDEAS

Business Minor



IntegratedProduct

Development



VENTURESeries Executive Certificate


KeystoneInnovation

Zone

Ben Franklin Technology

Partners

IPD SPONSOR





3 Time3 Time3 Time3 Time


Grant WinnerGrant WinnerGrant WinnerGrant Winner


Innovation



Commercialization


Wilbur Powerhouse

Wilbur Powerhouse: Renovated Entirely to Support Student Innovation & Entrep.



Infrastructure

& Other Related

Courses



Microfinance


CommunityFellows


SBDC

Manufacturers ResourceCenter

EnterpriseSystems Center


Educational

Programs

Related

Organizations



Wilbur Powerhouse

Business 1











ArtsLehigh

Global Village

Leadership Lehigh


Development

IDEAS

Business Minor



IntegratedProduct

Development



VENTURESeries Executive Certificate


KeystoneInnovation

Zone

Ben Franklin Technology

Partners

IPD SPONSOR





3 Time3 Time3 Time3 Time


Grant WinnerGrant WinnerGrant WinnerGrant Winner


Innovation



Commercialization


• Ben Franklin Technology Partners

• Manufacturers Resource Center

• Small Business Development Center

• Pennsylvania InfrastructureTechnology Alliance (PITA)

• Office of Technology Transfer

PITA

State Economic Development @ Lehigh

Lehigh University SBDC

Keystone Innovation Zone Partners

Financial & Technical Assistance from Regional ED Partners

• Bethlehem’s Department of Economic Development– assistance and two loans ($45K and $60K), the latest in 7/08.

• South Bethlehem Keystone Innovation Zone (KIZ)– two $15K grants and additional funding to support Lehigh student interns.

– One KIZ eventually got hired full time

– Locating in the KIZ enabled several hundred $K R&D tax credits.

• Lehigh’s Manufacturers Resource Center– assistance w/ manufacturing processes, financial management and supply chain management,

including 15% financial match on numerous projects.

• Ben Franklin Technology Partners of Northeastern PA, a Lehigh subsidiary – A loan in 2007 and grant in 2008 totaling $80K.

• Pennsylvania Infrastructure Alliance (PITA), a PA DCED-funded collaboration between Lehigh & Carnegie Mellon

– Two grants totaling $60K, the latest 1/09.

• Agile Manufacturing program of Lehigh’s Enterprise Systems Center:– two grants totaling $18K, the latest 6/08, for enhancing manufacturing processes.

• Four US SBA loans through First Star Savings Bank, a Lehigh Valley community bank since 1893

– totaling $450,000, the latest 8/08.

• Lehigh Valley Economic Development Corporation (LVEDC) – connections to resources in the region,

– helped find & finance a refurbished firehouse to locate operations, within walking distance of the brownfield remnants of Bethlehem Steel, in the urban core in south Bethlehem.

EcoTech’s Awards & Recognition

• Inc. 500 Fastest Growing Companies in the US, 2010

• Newsweek List of 10 “College Kid to Millionaire”, 2010

• Winner, NEP Ben Franklin Innovation Award for Product Innovation, 2008

• Winner, Eastern PA Business Journal’s Next Level Challenge competition, 2008

• Winner, Lehigh University Entrepreneurs Network and Southside Keystone Innovation Zone Next STEP Award for Student Entrepreneurial Company of the Year, 2006

• Winner of new product innovation national E-Team awards from the National Collegiate Inventors and Innovators Alliance (NCIIA) for three separate products 2003, 2005 and 2007

• Selected as one of 15 student startups nationally to participate in the March Madness for the Mind

– National showcase of student innovators at the Tech Museum of Innovation in San Jose, CA, 2004.

– After the event EcoTech sold it first volume order, 600 units to a CA distributor.

• Winner of the Lehigh Invitation to Innovate student entrepreneurs competition, 2003

• Awarded Lehigh’s Leonard Pool Scholarship for excellence in entrepreneurship, 2003

America’s Top 25

Best Young Entrepreneurs 2010

Current Student StartupIn Residence in Garage Incubator

• IPD Entrp. Project• Thalheimer Winner• Levin Advanced

Technology Winner• NCIIA National Winner• Garage Incubator• VENTURESeries• Innovation & Leadership

Residency• KIZ Funding• 2010 March Madness for

the Mind• Venture Well East 2010• IPD Sponsor• PSGE Mentor



America’s Top 25 Best Young Entrepreneurs 2010

IBE Freshman Workshop ENTP 312 & IBE Capstone

Thalheimer Competition WinnerPowerhouse Garage Incubator

PA State KIZ Grant, Agile PA GrantBen Franklin Grant & Incubator

hField Technologies, Inc

ExampleStudent Entrepreneurial Start-Up

Example Recent Lehigh U.UG Student Startups

Tech Startups• Viddler.com• Orion Security LSP• MPlug• Gigmax.com• hField Technologies• EcoTech Marine• Kitchen

Conveniences• Lifeserve

Innovations

Services• Lehigh Valley Grand

Prix• Vital Conversions

Fashion• Simply-Anti Apparel• George Guest Ltd.• Hillary Caroline Jewelry

NGOs• Soccer without Borders• Jamii Water







Soccer Without Borders

• Ben Gucciardi ’05, G’06Founding Director

• Lehigh soccer team captain

• Mission: “Soccer as vehicle for positive change in the lives of marginalized youth”

• Winner 2005-06 Lehigh Student Social Entrepreneurship Competition

• Now worldwide programs

• Lehigh Entrepreneur in Residence Spring 2008

lehigh u - partnerships for enhancing tech commercialization pipeline - open 2011

Documents

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creativity innovation

technology institute

student startups

directorbaker institute

education grad

pool memorial scholarships

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