Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Commercialization Academy Outline of Document Executive Summary Methodology Furnace Alignment – Visual Academy Timeline/Status Crucible Week Team/Technology Selection Next Steps
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Executive Summary Commercialization Academy The Academy kicked off in late-July on the BigMarker education platform 24 students came to the Crucible in Rome on August 11 th -15 th 9 teams formed around 9 AFRL technologies The Academy continues on/offline until mid-November Students will compete for $50K in funds on November 15 th Output: business model & commercialization pathway Great response from community & inventors – student teams have been actively engaged since Crucible Week Startup Strategy will provide GI/AFRL with process docs/lessons learned Academy is on schedule/on budget; pulled dollars into Aug due to Crucible Next steps: Team development and mentors, mentors, mentors!
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Methodology Output: Business models and commercialization pathways for new ventures based on AFRL IP Methodology –Select a ‘mix’ of technical & business students –Leverage Furnace ‘pre-screen’ of technologies –Online collaboration to discuss technologies & foster interaction –Teach fundamentals of entrepreneurship to students –‘Demystify’ technologies for students with help from inventors –Identify commercial market opportunities Commercialization Academy
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Academy/Furnace Alignment Commercialization Academy
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Timeline/Schedule/Status Technology Screening (complete) Student Selection (complete) Crucible Week – Team/Tech Pairing (complete) Commercialization Academy – Business Modeling –September: Technology investigations & market discovery –October-November: Venture modeling & customer validation –Onsite meetups at GI: September 20 th, October 11 th, November 1 st –Mike/Team discussions at student locations bi-weekly Competition –November 15 th (Location TBD) –$50,000 committed from NYSTEC to winning teams –Output: Business model & commercialization pathway NY Furnace T2 Accelerator option & licensing Commercialization Academy
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Crucible Week Successful week for the Academy! Classes at GI, SUNYIT, Syracuse U Students met with inventors –Monday, August 11 th : Speed-dating –Tuesday, August 12 th : Business case development –Friday, August 15 th : Fall ‘game plan’ development 3 Demo Days and Receptions –ThINCubator in Utica, NY –Syracuse Sandbox in Syracuse, NY –StartFast in Syracuse, NY Students selected teams and technologies for the Fall NYSTEC announced $50,000 in prizes Commercialization Academy
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Team/Technology Selection Commercialization Academy TEAM 1 Charlotte Hayden (Clarkson), Ian Berringer (RIT), Jacob Clintsman (SUNYESF): Patent # 8732100 “Method and apparatus for event detection permitting per event adjustment of false alarm rate” TEAM 2 Katy Martin, Colton Weaver (Clarkson): Patent # 8317058 “Bicyclists' water bottle with bottom drinking valve” TEAM 3 Joe Pasqualetti, Richard Collins (SUNYIT), Joe Curry (CUNY), Dan Curcio (Suffolk): Patent # 7577564 “Method/apparatus for detecting illicit activity by classifying whispered speech & normally phonated speech” TEAM 4 Eli Cleveland, Lizzie Cassady (Clarkson), Seth Samowitz, Louis Bookoff (Syracuse): Patent # 8307436 “Transformative rendering of internet resources” TEAM 5 Shamus Wheeler (RPI), Brent Miller (UCF): Patent # 7581028 “Method for efficient image distribution and management” TEAM 6 Jacob Weber, Alexandra Hudak, Adam Klich (RPI): Patent app US20130188863 “Method for context aware text recognition” TEAM 7 Chris Kellogg (Utica College), Scott Murray (New Hartford HS): Patent # 7877748 “Method and apparatus for timing information flow in a distributed system” TEAM 8 Dario Cvijanovic (SUNYIT): Patent # 7570213 “Method and apparatus for detecting and locating intrusion in a wireless network” TEAM 9 Stacey Smith, Bianca Little (SUNYIT), Jamie Griffin (Clarkson), James Macris (Le Moyne): TBD
Copyright 2014 | The Startup Strategy Group LLC | www.startupstrategy.org | Privileged & Confidential Next Steps Commercialization Academy Startup Strategy will meet with Teams bi-weekly Startup Strategy will provide online educational content & pull-in technical and business mentors Griffiss Institute will host 3 offline events: 9/20, 10/11 and 11/1 September 20 th Meetup Event –8:00AM until 7:00PM at the Griffiss Institute –Teams will meet with mentors/inventors and report on progress –Student deliverables The objective of the AFRL technology selected Potential market(s) for the AFRL technology Limits of current practice Differentiators of the AFRL technology and value proposition Next steps in development Risks Startup Strategy will plan business competition in November