Archive

Archive for the ‘Bridging the gap’ Category

J&J Launches Incubator for Biotechs in San Diego, No Strings-Attached Business Model

October 24, 2011 Leave a comment

Incubators run by universities and economic development groups have long provided the facilities, expertise and even funding to help biotechs bridge the valley of death. But incubators run by drug companies have garnered mixed results.

From Seeking Alpha:

“Johnson & Johnson (JNJ) [has announced] the launch of Janssen Labs at San Diego, a 30,000-square-foot incubator designed to serve as the future home for 18 to 20 biotech start-ups.

Companies in the J&J incubator will get access to their own space, as well as common areas that house equipment for nuclear magnetic resonance, mass spectrometry, flow cytometry and other analyses. In exchange for short, renewable leases, they will get “cost-efficient, flexible, turnkey wet labs…”

READ FULL ARTICLE [web]

The Varick Street NYU-Poly Incubator: Best In NYC?

October 18, 2011 Leave a comment

The incubator has one single goal. To help create great companies that will call NYC home.

From the Business Insider:

“It’s very rare that a joint effort between the public, private, and education sector comes together to produce meaningful results. However, The Varick Street Incubator may be a shining example and roadmap for other cities to follow on how to foster tech innovation.

After spending time at various incubators in the city, it very well may be that the Varick Street incubator is the top place in NYC for new entrepreneurs to call home. If you get the opportunity to be at Varick Steet, you enjoy a lot of benefits. The incubator does not ask for any equity in your company. The rent is really affordable and includes a lot of amenities that are not free at other incubators. Best of all, you get access to high quality interns / employees from NYU, potential seed investors, NYU faculty advisors, and assistance from dozens of other private partners involved with the incubator. Probably one of the best benefits is that several serial entrepreneurs call the incubator home and serve as mentors and motivation for first time founders…”

READ FULL ARTICLE [web]
Inside view of the Incubator [web]
Varick Street Incubator [web]
NYC Seed [web]
NYC Venture Connect [web]

Stanford unveils ambitious proposal for opening a campus in New York City

October 15, 2011 Leave a comment

“Silicon Valley has been terrific, but if the country wants to maintain its leadership in science and technology, it needs more than Silicon Valley.”

From Mercury News:

“It’s already got palm trees, sunshine and some of the sharpest minds in Silicon Valley. What else could Stanford possibly want?

A big, enthusiastic bite out of the Big Apple.

Seeking greater access to an urban world rich in art, finance, drama, music, high-end media, deep-pocketed philanthropy, tweedy East Coast faculty and diverse students, Stanford is putting the finishing touches on a 500-page application for a second campus in New York City, due to land on Mayor Michael Bloomberg’s desk in two weeks.

At Thursday’s meeting of Stanford’s academic senate, the university unveiled its most detailed-yet description of the proposed “Stanford NYC” campus that by 2045 could be home to as many as 350 professors and more than 2,000 graduate students studying science, engineering and entrepreneurship.

Three decades of construction at an estimated price of $1 billion to $2 billion, the project is so breathtaking in its scope that the application process alone could cost $1 million…”

READ FULL ARTICLE [web]
Opportunities and Challenges of StanfordNYC [web]
Stanford@CCNY [web]

Related:
Cornell Gains Partner in Graduate School Bid [web]

University System of Maryland and the Army Research Laboratory (ARL) Form New Tech-Transfer Partnership

October 14, 2011 Leave a comment

To speed researchers’ innovations to market and help create jobs, the University of Maryland-led Alliance gives small, targeted grants for demonstration projects that can help prove to potential investors that a successful laboratory concept works – often a make-or-break challenge.

From CisionWire:

“COLLEGE PARK, Md. – An innovative Maryland technology transfer program – the first of its kind in the United States to partner federal labs and public universities – has received an award honoring its success.

The Maryland Proof of Concept Alliance, which teams the Army Research Laboratory (ARL) and the University System of Maryland, was recognized as a national model by a group representing federal labs.

The Mid-Atlantic Federal Laboratory Consortium for Technology Transfer (FLC) – has made the Alliance the first recipient of its Partnership Award honoring successful collaborations between educational institutions and federal labs.

To speed researchers’ innovations to market and help create jobs, the University of Maryland-led Alliance gives small, targeted grants for demonstration projects that can help prove to potential investors that a successful laboratory concept works – often a make-or-break challenge.

“The Maryland Proof of Concept Alliance demonstrates that this tech-commercialization approach translates quite effectively to the federal sector,” says Mojdeh Bahar, FLC chair and former coordinator of the FLC’s Mid-Atlantic Region.

“Proof of concept has worked well in the private sector, and it’s quite an effective way of transferring promising technologies from university research labs into the marketplace. The Maryland program offers an important example of what public universities and federal labs can do together,” Bahar adds…”

READ FULL PRESS RELEASE [web]
Maryland Technology Enterprise Institute [web]
University System of Maryland Strategic Plan 2020 [web]

Rutgers University Creates Disruptive Innovation Fund to Commercialize University Technologies

October 14, 2011 Leave a comment

Our faculty and students continually create exciting technologies and innovations that have great potential in a wide range of markets, from software to pharmaceutical manufacturing, which is why we have established this fund…

From Rutgers:

NEW BRUNSWICK, N.J. – Rutgers has established a “Disruptive Innovation Fund” through an agreement signed this week with IP Navigation Group of Dallas, which has committed up to $1 million to support commercialization of technologies developed at the university.

“Our faculty and students continually create exciting technologies and innovations that have great potential in a wide range of markets, from software to pharmaceutical manufacturing, which is why we have established this fund,” said Michael Pazzani, vice president of research and economic development. “It’s the recognition of the ability of our faculty and students to solve the nation’s most important problems and bring these solutions to market that motivated IP Navigation Group to make this significant commitment.”

Erich Spangenberg, founder and chairman of IP Navigation Group, said: “Our firm believes that Rutgers is a leader in two important areas: talented faculty and students and an approach by the university’s leadership that facilitates the ability of this talent to flourish. That’s why we’re making this investment.”

Spangenberg says the intent is that the fund be “technology agnostic,” adding, “If it is a ‘big’ idea, we should not be limiting where the fund is deployed…”

READ FULL ARTICLE [web]
Rutgers Office of Technology Commercialization [web]
IP Navigation Group [web]

Can the U.S. Government “Out-Startup” Silicon Valley?

October 12, 2011 Leave a comment

Lean LaunchPad, Steve Blank, Stanford and the Nat’l Science Foundation Set Out to Prove They Can Starting Sunday, Oct. 9

From BusinessWire:

“One hundred of the best U.S. scientists and engineers are about to start one of the most exciting science experiments ever attempted — can you turn Rocket Scientists into startup founders? It might be called the U.S. Government versus tech incubators like Y-Combinator, as the National Science Foundation (NSF) creates a full-fledged incubator, complete with mentoring, for 100 teams of top engineers and scientists.

The National Science Foundation, which funds all non-medical science and engineering research in the U.S., is giving out 18,000 grants a year — with a $7 billion annual budget for innovation. This new Innovation-Corps program will infuse “startup” culture, training and mentoring for the best science and engineering funded by NSF–taking the best projects out of the science labs and universities to speed privatization and job creation, following the path of incubators like TechStars and Y-Combinator…”

READ FULL ARTICLE [web]
NSF I-Corps Program [web]
I-Corps 1st Round of Awardees Announced [web]
Stanford Technology Ventures Program [web]
I-Corps introduction by Steve Blank [web]

How University of Michigan executives resolved their clash over startup investments

October 7, 2011 Leave a comment

The analysis examined the performance of the university’s startups over the past 30 years — including the 104 spinoff companies launched by the U-M Technology Transfer Office over the last decade. U-M analyzed how the university’s endowment would have performed if it had invested in those startups at an early stage.

From AnnArbor.com:

“The University of Michigan’s decision to invest up to $25 million in its own startup companies offers a telling glimpse at how the university is balancing its investment pursuits with a stated desire to boost the economy.

The move also revealed a private debate in which U-M executives clashed over whether the university’s own spinoff companies were worthy of cash.

U-M President Mary Sue Coleman announced Wednesday morning that U-M’s $7.8 billion endowment would deliver up to $500,000 to every early-stage U-M startup that has already secured venture capital from an outside source.

It’s an admission that the university has missed out on past investment opportunities that would have helped its own startup companies expand — and earned the university’s endowment big financial returns…”

READ FULL ARTICLE [web]
University of Michigan startups [web]
University of Michigan Announces Initiative to Invest Endowment $$ into Startups [web]

Why Universities Are Key to the Future of Biotech, and How UCSF’s Chief is Showing the Way

October 5, 2011 1 comment

What’s needed now are the creative partnerships, where someone knowledgeable about the whole process steps in and finds a way to more seamlessly bring together these two factions around what they have in common.

From Xconomy:

“These are hard times at universities in America. State support is dwindling, tuition is booming, and federal research dollars are in jeopardy. Morale has taken a beating.

But U.S. academic research centers are still the driving force for innovative new medicines, like always. And anyone who cares about U.S. universities should pay attention to what’s happening at UC San Francisco under the leadership of chancellor Susan Desmond-Hellmann.

Desmond-Hellmann, a biotech industry star from her days running drug development at Genentech, has her work cut out in her third year as UCSF’s chancellor. Like any executive arriving on campus, she’s had to learn a lot in a hurry. UCSF is a complex, 23,000-employee enterprise that does everything from studying the basic functions of stem cells to helping discover new drugs to treating patients. Starting in August 2009, she’s had the unpleasant job of overseeing furloughs, layoffs, and multi-million-dollar budget cuts. She’s said no, repeatedly, to promising new scientific initiatives…”

READ FULL ARTICLE [web]
UCSF’s 2014-2015 Plan [web, pdf]
QB3 [web]

Purdue Restructures Processes and Incentives for Research Commercialization to Boost Economic Development

October 1, 2011 Leave a comment

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products.

From Purdue News:

“A new emphasis on extracting more economic value from sponsored research and intellectual property at Purdue University will help move more Purdue research to the marketplace faster and reduce the university’s reliance on tuition and tax dollars.

Purdue President France A. Córdova announced Wednesday (Sept. 28) a three–part Decadal Funding Plan that will increase sources of revenue beyond tuition and state appropriations – the traditional sources for public university funding – by doubling financial capacity through continued cost-cutting, expanding online degree and professional education offerings, encouraging more robust use of campus facilities through summer teaching, and ramping up research commercialization.

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products. The effort also invests in more entrepreneurial education and support for faculty, students and businesses.

“We intend to leverage our most valuable resources, a first-class faculty and an amazing group of students, to materially improve our performance in creating and supporting entrepreneurs, commercialization of new science and technology, and industry-university collaborations,” Córdova said…”

READ FULL ARTICLE [web]
Purdue Research Park [web]
Discovery Park at Purdue University [web]
Purdue/Industry Partnerships Newsletter [web, pdf]

Startup Weekend Launches Startup Foundation Initiative in Partnership with Kauffman Foundation

September 28, 2011 Leave a comment

The Startup Foundation currently has eight pilot member cities: Boston; Des Moines; Detroit; Las Vegas; Los Angeles; New York City; Seattle; and Sao Paulo, Brazil. Foundation co-founders in each city are mapping their local entrepreneurial ecosystem and interviewing community leaders.

From the Kauffman Foundation:

“Startup Weekend, a global grassroots network of entrepreneurs and leaders, today announced an initiative in partnership with the Ewing Marion Kauffman Foundation that will lead to the creation of vibrant startup communities in cities across the nation. Called the Startup Foundation, the program is a grassroots initiative that helps cities build and establish ecosystems that will support more high-growth entrepreneurs, startups, and ultimately, jobs.

“We know from our experiences with local Startup Weekends that entrepreneurship is best supported at the grassroots level,” said Marc Nager, CEO of Startup Weekend. “The Startup Foundation will ensure that community leaders across the country have a sustainable platform for which to effect real change within their local communities.”

Startup Weekends are events in cities around the world where aspiring founders and startup supporters meet to share ideas, form teams, build products and launch companies. With funding from the Kauffman Foundation, the Startup Foundation will focus on researching and mapping the ecosystems of participating cities to identify influential leaders, programs and gaps in community resources; supporting local initiatives that drive the creation of more entrepreneurs, startups, and jobs; and raising funds for local entrepreneurship support initiatives…”

READ FULL PRESS RELEASE [web]
Startup Foundation [web]
About Startup Foundation on YouTube [web]
Startup Weekend [web]