Presented to: VU-BME272 Sep 19,2000. Ideas, Business Plans, and Entrepreneurs. by Bob Allen, Calley Hardin & Paul Clayton. Nova Bionics, Inc. Nashville, TN. or. Perils, Pitfalls, and Pleasures of the Entrepreneur. Discussion Topics. Ideas and where they come from
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Ideas, Business Plans,
Calley Hardin & Paul Clayton
Nova Bionics, Inc. Nashville, TN
of the Entrepreneur
“Ideas are like rabbits, you get a couple and learn to handle them and pretty soon you have a dozen.”
1966 LID Semiconductors
1992 Micro-LID™ Arrays
1999 Micro-SLAMs ™
What are Micro-LIDs?
What are Micro-LIDs?
Do not check your mail while on vacation or the day before you close on your new house.
December 29 1998...
Never give up... Problems only create opportunities
Major customer facilitated problems force rapid, widespread, and long-lasting solutions
..... Always Maintain the Chase
What are Micro-SLAMs?
Hex Zener Assembly
Size Reduction 50%
Quad Diode Assembly
Size Reduction 73%
.060 x .090
.100 x .120 per diode
.040 x .075 per diode
Quad Diode Array Reduction
Single Leaded Diodes
Multiple-chip Micro-SLAM assembly reduces component square area by 88.75% over single leaded diodes.
Know whether you are going up or down the entrepreneur hill and be prepared to give up TOTAL control to expand your resources
Teamwork Limits Myopia...
Avoid passion driven pleasures in uncharted waters and isolated islands
Carefully Verify New Markets...
Direction & Decision
sapling and grow
up to be a big oak
Dreams of a Pre-Seed
You can’t have a dream come true until you have a dream
Nova Bionics , Inc…
…was formed within the Vanderbilt Office of Enterprise Development to effectively commercialize biomedical device research, inventions, disclosures, and intellectual property developed internally or acquired from research universities, government laboratories, and individual inventors.
…is an incubator and idea processor for medical devices from concept to application.
To discover, develop, and commercialize biomedical devices with the potential to foster understanding of life processes, prolong life, or to improve the quality of life.
To become a recognized leader in taking biomedical technology from concept to application.
R. Allen, CTO
Adm Asst (New)
C. Hardin, Engr
P. Clayton, Engr
J. Jones, Mgr
T. Hazlewood, Mgr
Nova Bionics Technical Operations
Management commits to providing the environment for success and employees commit to having fun in their success
Peace of Mind
* Provisional patent and trademark under review.
Alzheimer’s Patient Location
Domestic Pet Protection
Long-Range Systems (Product Development)
Explain what we do to the technically challenged!
Business Plans and why we need them
One idiot can ask more questions than ten wise men can answer
Industry and Business Model
Business Plan Content
Business Plan (con’t)
are better starters than sustainers
thrive on taking risks and living on the edge
always enjoy a good chase
are revitalized by recognition
don’t mind making severe sacrifices for future rewards
Sense of ownership:
Responsible for your own success:
Why work for a start-up company?