Catalyzing Oregon Research Commercialization An Oregon University Researcher’s guide to New Ventures Version B. 5.2 1/34 10/14/2005 Copyright 2005 This work is licensed under a Creative Commons License http://creativecommons.org/licenses/by-sa/2.5 An Oregon (University) Researcher’s Guide to Commercializing a Technology or Starting a New Venture Version B 5.2 10-14-05 Published via the EDP (for additional downloadable copies see www.corvallisedp.org)Catalyzing Oregon Research Commercialization An Oregon University Researcher’s guide to New Ventures Version B. 5.2 2/34 10/14/2005 Copyright 2005 This work is licensed under a Creative Commons License http://creativecommons.org/licenses/by-sa/2.5 Table of Contents: Catalyzing Oregon Research Commercialization............................................................... 3 A guide for University researchers, faculty or staff interested in commercializing technology....................................................................................................................... 3 Abstract........................................................................................................................... 3 Introduction..................................................................................................................... 4 What is needed in a new Venture?.......................................................................... 4 Who puts together the venture? .............................................................................. 5 How does the Venture evolve? ............................................................................... 6 Getting Started ................................................................................................................ 7 1. Basic Business ............................................................................................................ 7 a. Patents and Licenses ........................................................................................... 7 b. Your role and the business structure................................................................... 9 c. What is your exit strategy?................................................................................ 10 2. Technology and Product Design............................................................................... 11 3. Market Potential – Who will buy your product? ...................................................... 11 a. How will you present your Business Idea/Business?........................................ 12 4. Partners/ Management team...................................................................................... 13 5. Funding (who will pay for development/commercialization?)................................. 13 What are your investors/funding sources are looking for?................................... 14 6. Execution- Where to get additional help .................................................................. 16 a. Resources: Basic Business................................................................................ 16 b. Resources: Technology and product................................................................. 17 c. Resources: Marketing (who will buy your product?) ....................................... 17 d. Resources: Partners/Management team............................................................ 18 e. Resources: Funding........................................................................................... 19 f. Resources: Locations/Real Estate...................................................................... 19 g. General resources for entrepreneurs in Oregon/locally-focused on High-Tech20 h. Vetting the Idea:................................................................................................ 20 Formation of an Enterprise Facilitation SWOT TEAM ....................................... 20 About the Report Authors:............................................................................................ 21 Appendix 1: Your commitment: options for starting a business .................................. 22 A. Sponsored Research Agreements..................................................................... 22 B. Licensing.......................................................................................................... 23 C. Consulting/Advisory Board.............................................................................. 24 D. Temporary leave to start/join a company (from a University)......................... 24 E. Miscellaneous paths.......................................................................................... 25 Appendix 2: Idea Resume............................................................................................ 26 Appendix 3: SBIR (Small Business Innovative Research) Grants.............................. 26 Appendix 3: SBIR (Small Business Innovative Research) Grants............................... 27 Appendix 4: Other Resources....................................................................................... 30 Appendix 5: List of Acronyms ..................................................................................... 31Catalyzing Oregon Research Commercialization An Oregon University Researcher’s guide to New Ventures Version B. 5.2 3/34 10/14/2005 Copyright 2005 This work is licensed under a Creative Commons License http://creativecommons.org/licenses/by-sa/2.5 Catalyzing Oregon Research Commercialization A guide for University researchers, faculty or staff interested in commercializing technology Abstract The goal of this report is to provide University researchers, faculty, or staff with the following: 1. An awareness of the resources available to support them in commercialization 2. Provide a roadmap to those who are new to commercialization 3. Help to insure that researchers and potential external business partners have common expectations. The state of Oregon relies heavily on the research and innovation taking place around the state for its economic health and growth. The Willamette Valley, and Corvallis in particular, is uniquely positioned to leverage the significantly increasing level of research from both Oregon State University and Hewlett-Packard by creating the climate and infrastructure needed to foster new business creation. By bringing together the collective talent in the business