Details

Academic Entrepreneurship


Academic Entrepreneurship

How to Bring Your Scientific Discovery to a Successful Commercial Product
1. Aufl.

von: Michele Marcolongo

46,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 30.08.2017
ISBN/EAN: 9781118858967
Sprache: englisch
Anzahl Seiten: 224

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Beschreibungen

The pathway to bringing laboratory discoveries to market is poorly understood and generally new to many academics. This book serves as an easy-to-read roadmap for translating technology to a product launch – guiding university faculty and graduate students on launching a start-up company.•    Addresses a growing trend of academic faculty commercializing their discoveries, especially those supported by the National Science Foundation and National Institutes of Health•    Offers faculty a pathway and easy-to-follow steps towards determining whether their discovery / idea / technology is viable from a business perspective, as well as how to execute the necessary steps to create and launch a start-up company•    Has a light-hearted and accessible style of a step-by-step guide to help graduate students, post-docs, and faculty learn how to go about spinning out their research from the lab•    Includes interviews by faculty in the disciplines of materials science, pharmaceuticals, medical devices, information technology, energy, and mechanical devices – offering tips and discussing potential pitfalls to be avoided
Dedication ix Foreword xi Preface xiii Acknowledgments xv About the Author xvii 1 So, You Have a Game?-Changing Discovery… Congratulations! 1 Brief Review of Academic Entrepreneurship 3 State of University Technology Transfer 5 Study of Academic Entrepreneurship 7 Academic Start?-Ups Are “Early Stage” 8 Overview of the Process 13 Summary 18 References 18 2 Now What? Protect Your Intellectual Property 21 Types of Intellectual Property 22 Patent 22 Trademark or Service Mark 23 Copyright 23 Trade Secret 23 Patenting and Public Disclosure Considerations 25 University Patenting Process 27 The Anatomy of a Patent 34 How to Read a Patent 42 Summary 43 References 43 3 Are They Buying What You’re Selling? The Search Phase 45 Example 48 Example 51 The Value Proposition 54 Summary 56 Reference 56 4 Friend or Foe: The Tech Transfer Office and Licensing 57 License Agreements with Existing Corporations 58 Example 58 University IP Licenses to Start?-Ups 62 Summary 70 References 71 5 Proof?-of?-Concept Centers: Bridging the Innovation Gap 73 Proof?-of?-Concept Centers (POCCs) 77 SBIR/STTR Programs 83 Summary 86 References 86 6 Start?-Up Management: You’ve Got to Kiss a Lot of Frogs… 87 Founders Term Sheet for RegenLive 99 Management Structure 102 Directors (Board of Directors) 102 Board of Advisors 105 Consultants 105 Subcontractors 106 Employees 108 Summary 110 References 111 7 Graduate Students and Postdocs, Start Up Your Career 113 Introduction 113 Why Do It? 114 Challenges and Opportunities Spinning Out from the University for Students 116 Faculty Member Participation 119 Faculty Member Not Participating 122 None of the Above 123 Formal Education 123 Business Plan Competitions…Not Just for Undergrads 125 Conclusion 126 References 127 8 Incubators and Accelerators: It’s Time to Move Out 129 Incubators 130 Accelerators 136 Summary 140 References 140 9 Do You Believe in Angels? Financing Your Company 143 Business Plan 143 Finding Investors 149 Friends and Family 150 Local Incubators/Accelerators 150 Economic Development Organizations 151 Individual Angels 151 Angel Investor Groups or Networks 153 Corporate Investors 154 Crowdfunding 155 Equity Crowdfunding 157 Academic Crowdfunding 160 Venture Capital 162 University Venture Capital 165 Sample Problem 168 Building and Expanding Value for the Academic Founder 171 Summary 174 References 175 10 Your Roadmap: Avoid the Potholes 177 How to Create a Successful Company 183 Example 1: Uber 183 The Concept 183 Market Research 183 Intellectual Property 184 Proof of Concept 184 The Team 184 Financing 184 Challenges for Uber 185 Example 2: Genentech 185 Discovery 186 Intellectual Property 186 The Team 187 Market Research 187 Financing 188 Summary and Going Forward to Your Successful Venture 190 References 191 Suggested Reading 193 Key Terms 195 Index 199
MICHELE MARCOLONGO, PhD, is Department Head and Professor of Materials Science and Engineering at Drexel University and has a laboratory focus in biomaterials. In a past position as Senior Associate Vice Provost for Translational Research, she worked to translate research discoveries from the laboratory toward commercialization and served on the Operations Boards of the Nanotechnology Institute and the Energy Commercialization Institute. Dr. Marcolongo has co-founded two companies in the field of medical devices.
Academic entrepreneurship is the ability of a faculty member, graduate student, post-doctoral researcher, or medical doctor; to take a discovery from the lab and translate it into a commercial reality. This can be done in several ways, but the two most common methods are either licensing existing intellectual property from the University to a major corporation that will then commercialize the technology; or starting a new company around the technology. In academic training at the graduate student and faculty level, there is seldom training on the steps involved in these processes. How many academics have been in this peculiar situation of wanting to spin their technology out of the lab toward commercialization, but did not even know where to begin? This unique book, Academic Entrepreneurship: How to Bring Your Scientific Discovery to a Successful Commercial Product, gives easy-to-follow steps to make that discovery into a product through different pathways from licenses to start-ups – navigating technology transfer offices, conflicts of interest, market analysis, finding the right co-founder, and determining how to best finance and manage a venture. Interviews with academic entrepreneurs and other key members of the academic entrepreneurial ecosystem provide commentary and share secret strategies for success along with some pitfalls to avoid. This manual is an indispensable road-map to successful commercialization of academic research that offers numerous key benefits like: Help with the growing trend of academic faculty commercializing discoveries A pathway and easy-to-follow steps towards determining whether a discovery / idea / technology is viable from a business perspective as well as how to execute the necessary steps to create a new start-up company A light-hearted and accessible style of a step-by-step guide to help graduate students, post-docs, and faculty learn how to go about spinning out their research from the lab Interviews by faculty in the disciplines of materials science, pharmaceuticals, medical devices, information technology, energy, and mechanical devices – offering tips and discussing potential pitfalls to be avoided

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