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BMES Conference: Student Technology Transfer . Brian Mullen, Ph.D. Overview. Introduction to Therapeutic Systems Why we started Pain & Solution Where we are now Starting up as a Student: Navigating the “Bermuda Triangle” Timeline and development overview

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overview
Overview

Introduction to Therapeutic Systems

  • Why we started
  • Pain & Solution
  • Where we are now

Starting up as a Student:

  • Navigating the “Bermuda Triangle”
    • Timeline and development overview
    • mentors & entrepreneurship programs

Lessons Learned

autism spectrum disorders
Autism Spectrum Disorders

1 in 110 people

10-17% annual growth

$35 billion societal cost annually

  • 27 States have Mandated Autism coverage
personal portable deep pressure
Provides personalized deep touch pressure to anyone, anywhere, at any time.

Marketing Campaign: Brand, Social Networking, Website

Launched: 4/1/11

Personal, Portable, Deep Pressure
accomplishments to date
Accomplishments to Date
  • Licensed & Filed Patents
  • Board of Directors
  • Scientific Advisory Board
  • World class Manufacturing Partner
  • FDA Registered Class 1 Exempted Device
  • Brand & Identity
  • Raised Capital
  • April Launch
    • Initial Sales
  • KOL’s Including
    • Autism Speaks
    • Easter Seals
    • Dr. Temple Grandin Support
cvip coi ceo ph d
CVIP, COI, CEO, Ph.D

University

Tech Transfer

Student

Business

timeline
Timeline

2004

  • Fall: started grad school & research project

2006

  • Fall: started exploring commercialization

2008

  • Spring: won BP competition & NCIIA grant
  • Fall: Conflict of Interest process

2009

  • Summer: Defended

2010

  • Winter: Obtained License
integrated design development
Integrated Design & Development

Driven by Clinical Data & Research

Design

Clinical Data

Customers

KOLs

Foundations

Manufacturing

Regulatory

Reimbursement

GMP & Quality

Marketing & Brand

mentors relationships
Mentors & Relationships

PhD & Master’s committee/ mentors for the academics

“Business committee”/ mentors for the company

Relationships are your the most important & most valuable asset.

Student/ committee chair relationship is the most important

entrepreneurship programs
Entrepreneurship programs
  • Encouragement
  • Knowledge
  • Critical Validation
  • Resources & Support
    • Mentors
    • Capital
  • Capital: ~$80k
    • Grants, Awards, Fellowships
  • Mentors
    • Chair of our board, lead investor
  • Seed Round Investors
programs
Programs
  • NCIIA
  • Grinspoon Foundation
  • Entrepreneurship Club
  • UMass Business Plan Competition
  • Isenberg Fellow
  • Business Classes
  • Amherst Center for Entrepreneurship Accelerator
  • MassChallenge
lessons learned suggestions
Lessons Learned & Suggestions
  • IT IS A LONG TERM RELATIONSHIP…a Marriage
    • pick your battles
  • Understand the other person’s side
    • Ie Laws that have to be followed by the university.
    • Room for flexibility & opportunity
    • Understand the impact to the facility /students
  • MOST IMPORTANT: the student is not a faculty member.
lessons learned suggestions1
Lessons Learned & Suggestions
  • Student should always be evaluating what they want and letting people know.
    • Student has to be made aware of the decisions and implications
  • Do your homework
    • Read and know the university policies.
    • ask a lot of questions.
    • Get good mentors.