MTECH Technology Entrepreneurship Activities David Barbe Maryland Technology Enterprise Institute University of Maryland University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering A unit of the Clark School of Engineering Operates programs that: Build a robust tech entrepreneurship culture Support new technology ventures Strengthen existing companies University of Maryland • A. James Clark School of Engineering

Tech Entrepreneurship Activities For faculty, graduate and undergraduate students in engineering and science Comprehensive Experiential A variety of entry points University of Maryland • A. James Clark School of Engineering

Program and Activities VentureCatalyst: Hinman CEOs Program 2000 Technology Ventures Club 2002 Entrepreneurship graduate course 2002 Technology Startup Boot Camp 2001 Business Plan Competition 2001 VentureAccelerator 2002 Industrial Biotechnology Program 1985 Technology Extension Program (MTES) 1985 Incubator (TAP) 1985 Technology Transfer Program (MIPS) 1987 University of Maryland • A. James Clark School of Engineering

Ideas-Culture-Ventures Students/ Faculty Young Firms Mature Firms Hinman CEOs Entrepreneurship Club Entrepreneurship Course Boot Camp B-Plan Competition Incubator Tech Commercialization Program Technology Extension Service Biotechnology Program Ideas Concepts Technologies Sustainable Ventures Venture Accelerator University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering Hinman CEOs Program 100 undergrads, one-half majoring in technical disciplines Community Technology Seminars and Workshops Entrepreneurship Education Product Development Projects and Internships Start companies University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering Tech Ventures Club Dynamic forum for engineering and science graduate students to network and explore commercializing ideas and forming ventures Monthly meetings include start-up workshops, speakers, and networking Members have opportunity to network with local VCs, service providers, business students and entrepreneurs University of Maryland • A. James Clark School of Engineering

Course: Fundamentals of Technology Startup Ventures Designed for technical graduate students Study basic processes of tech company formation and operation Form into teams Develop business plans during semester Present plans to class, instructors and “judges” Started with Spring offering demand required Fall offering also University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering Tech Startup Boot Camp Kicks off the academic year 250 students and faculty National and Regional sponsors National Model Basic startup processes Evaluating tech ideas IP basics and licensing Legal fundamentals Building a team Obtaining financing Entrepreneur experiences Presented by experienced VCs, service providers, and tech executives Networking University of Maryland • A. James Clark School of Engineering

Business Plan Competition Begins between semesters exec summaries Culmination of the academic year Finals May 7th $50,000 in prizes raised from sponsors Select top 16 based on executive summaries Judging panel selects top six for full plans and presentations Usually three awards Networking and mentoring sessions with six finalists and judges/sponsors during the Spring semester University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering VentureAccelerator Substantial Hands-on consultation and advice to selected Startups, mostly in the incubator: Introductions to funding sources Preparation of presentations and business-plans Strategic planning Executive recruitment Planned Step-by-step processes for new company formation Managed student e-teams conducting: Market research Business planning Marketing Financial analysis University of Maryland • A. James Clark School of Engineering

Technology Incubator (TAP) Early stage incubator offering technical & business assistance, as well as state-of-the-art biotech equipment and modern office facilities On Campus - Outstanding environment Typically, applicants are spinouts from UMD, large companies and government research organizations Rigorous Acceptance Process - technical and business Residence for up to four years University of Maryland • A. James Clark School of Engineering

Tech Transfer Program (MIPS) Major research universities have Technical Expertise and Facilities Many faculty and graduate students want to see their research results get into products Faculty and graduate Students working directly with companies is the best form of technology transfer Proposals authored by faculty and company- Oct, May Rigorous evaluation process to select most promising projects – technical and commercialization potential Standard contract: IP and publication rights Matching funding depending on company size About one-third of the projects are with startups Provides the equivalent of seed funding University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering Some Results $779M investment in TAP companies Approximately 1,000 jobs created 47 graduates of TAP program Two IPOs: Digene and Martek 50% commercialization rate in 430 different MIPS projects $1.8B revenues Approximately one new tech startup launched each month on UMD campus University of Maryland • A. James Clark School of Engineering

University of Maryland • A. James Clark School of Engineering Web Sites VentureCatalyst: http://www.mtech.umd.edu/VentureCatalyst Technology Ventures Club: http://www.tvc.umd.edu Fundamentals of Technology Startup Ventures course: http://www.mtech.umd.edu/VentureCatalyst/ENES489A/spring04.html Technology Startup Boot Camp: http://www.mtech.umd.edu/VentureCatalyst/Boot_Camp/2003/ Business Plan Competition http://www.mtech.umd.edu/VentureCatalyst/BPC/ University of Maryland • A. James Clark School of Engineering