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TEDCO Seed Funding Programs for Technology Development and Commercialization. James A. Poulos, III, J.D. March 19, 2008 EASTERN SHORE FLC/ECONOMIC DEVELOPMENT SEMINAR. Technology Transfer Mission. Build the technology-based economy in Maryland Outreach Project development

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tedco seed funding programs for technology development and commercialization

TEDCO Seed Funding Programs for Technology Development and Commercialization

James A. Poulos, III, J.D.

March 19, 2008

EASTERN SHORE FLC/ECONOMIC DEVELOPMENT SEMINAR

technology transfer mission
Technology Transfer Mission
  • Build the technology-based economy in Maryland
    • Outreach
    • Project development
  • Assist companies and laboratories to achieve their mutual objectives
slide3

Basic

Research

$

$

$

$

Public Laboratory

Company

Product/

Service

Development

Project

Proof of Concept

Feasibility Testing

Product

Design

SBIR

Angel Investors

Venture Capital

Public

Funding

Project

Capital

Funds

Funding Opportunities Outside Maryland

TEDCO’s depiction of the Valley of Death

slide4

Basic

Research

$

$

$

$

$

$

$

$

Public Laboratory

Company

Product/

Service

Development

Project

Proof of Concept

Feasibility Testing

Product

Design

TechStart

Maryland Technology Transfer Fund

FDTTI

J&J

Maryland Industrial Partnerships

DBED Challenge

SBIR

WCLF

Angels

Venture Capital

DBED Enterprise

MDBio

University Technology Development Fund

$

Public

Funding

Project

Capital

Funds

Techbridge

Maryland Stem Cell Research Fund

maryland technology transfer fund mttf
Maryland Technology Transfer Fund (MTTF)
  • Facilitate the transfer of technology between MarylandUniversities or Federal Laboratories and Maryland Companies
    • Project must involve significant collaboration
  • Maximum award amount is $75,000.
    • Reimbursable award
    • Requires a 50% company match
mttf eligibility
MTTF Eligibility
  • Recipient must be Maryland business
    • Fewer than 16 employees OR
    • University/fed lab spin-out less than 5 years prior to proposal
  • Recipient must be early stage
    • No revenue OR
      • Revenue = commercial product sales/services
    • No venture investment
how we measure success
How we measure success
  • Achieving technical/budget/schedule milestones
  • Finding continuation funding
    • 92 companies with completed MTTF projects (3/10/08)
    • $8,2365,5499 in TEDCO support
    • $260M in continuation funding
    • >33:1 leverage
    • Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.
www invenioip org

www.invenioip.org

A source for locating technology from the federal labs or universities

fort detrick technology transfer initiative fdtti
Fort Detrick Technology Transfer Initiative (FDTTI)
  • Transformational medical technology
  • Meet Army technology needs (BioMed focus)
  • Maximum award is $50,000
    • Executive Panel Decision
    • Grant, TEDCO Agreement
university technology development fund
University Technology Development Fund
  • Supports pre-commercial research on university technology for commercialization
  • All institutions of higher education in Maryland are eligible
  • University faculty or staff apply in cooperation with the technology licensing office
  • Maximum award: $50,000
techstart program
TechStart Program
  • Increase the number of university start-up companies
  • All university labs in the State are eligible
  • Team - experienced entrepreneur, the inventor, and a technology transfer manager
  • Funding up to $15,000 for commercialization analysis
    • (IP, market, competition, business model)
working capital loan fund
Working Capital Loan Fund
  • Working capital loans - $15,000-$50,000
  • Terms typically 3 - 5 years, no less than 6 months
  • Interest rates at or below market rate
  • Targets is incubation stage companies
  • Eligible companies
    • located in Maryland
    • early stage
    • technology related
    • beyond development
benefits of tedco funding
Benefits of TEDCO Funding
  • Access to business and technical assistance
  • Access to Venture Capital, angels, and strategic partners (e.g. Johnson & Johnson)
  • Publicity through TEDCO press releases
  • Recognition and reputation of state programs
  • Workshops for TEDCO funded companies only
    • Meet one on one with experts
    • Network with other companies
entrepreneurial assistance
Entrepreneurial Assistance
  • Achieving The Commercialization of Technology in Ventures Through Applied Training for Entrepreneurs (ACTiVATE)
  • The Maryland Minority R&D Initiative (MMRDI)
  • The Maryland Rural Business Innovation Initiative (RBI)
  • The New Markets Growth Fund (NMGF)
tedco and fed partners
TEDCO and FED Partners
  • TEDCO has entered into MoUs, PIA’s and other agreements with nine Fed Labs and is in discussion with two more
    • APG, APL, BARC, NAWC Pax River, NSWC Indian Head, NSWC Carderock, National Naval Medical Center, NSA, NIST
contacts
Contacts

Henry Ahn (MMTF manager)

hahn@marylandtedco.org

(410)715-4165

Ronald Kaese (FDTTI manager)

rkaese@marylandtedco.org

(410)715-4170

Linda Saffer Ph.D. (UTDF and TechStart manager)

lsaffer@marylandtedco.org

(410)715-4165

Heidi Sheppard (WCL Fund manager)

hspeppard@marylandtedco.org

(410) 715-4173

further contact information
further contact information

James A. Poulos, III

5565 Sterrett Place, Suite 214

Columbia, MD 21044

www.marylandtedco.org

Jpoulos@marylandtedco.org

(410)715-4166