A story about three people… and a startup company Christopher Noble Massachusetts Institute of Technology.

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Presentation transcript:

A story about three people… and a startup company Christopher Noble Massachusetts Institute of Technology

A story about three people… … and a startup company David Smith, Ph.D. student Prof. Kripa Varanasi Colin Gounden, Angel Investor

Chronology and the startup ecosystem Spring 2012 May 2012 Summer 2012 Oct-Nov 2012 Early 2013 June 2014 Kripa Varanasi receives PhD from MIT. Kripa Varanasi joins MIT faculty after working for GE Global Research. Dave Smith starts his PhD: Funding from NSF, DOD. iTeams and Venture Mentoring Service. MIT $100K Entrepreneurial contest: “Audience choice” award ($2K). Ketchup bottle video goes viral on YouTube. “LiquiGlide” team take “Founder’s Skills Accelerator” program at MIT Entrepreneurship Center; meet Colin Gounden at final presentation. Top prize ($100K) in MassChallenge annual startup contest (1300 entrants). Colin Gounden and serial entrepreneur join the LiquiGlide “team”. First Institutional financing, negotiated by Colin Gounden. Faculty with industrial experience Typical founder: PhD student. Government funding of the research project. iTeams: Business Plan class for engineering and management students working together. Venture Mentoring Service: volunteer mentors for startup companies (& training for Angels and mentors) Entrepreneurial competitions: training & visibility for all the contestants Founder’s Skills Accelerator: Summer course for startup teams before the spinout from MIT

Thank You! Christopher Noble Technology Licensing Officer Massachusetts Institute of Technology tlo.mit.edu