1 / 21

Worthington Regional Bioscience Conference April 19, 2013

Worthington Regional Bioscience Conference April 19, 2013. Vision: To grow and secure Minnesota’s position as a global leader in the life sciences .

archie
Télécharger la présentation

Worthington Regional Bioscience Conference April 19, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Worthington Regional Bioscience ConferenceApril 19, 2013

  2. Vision: To grow and secure Minnesota’s position as a global leader in the life sciences. Mission: To establish and lead a strategic approach to improve the business environment for life science companies through dedicated support to our members, and leading programs and projects to develop new industries, accelerate the evolution of existing industries, and to implement capabilities required to ensure a healthy business climate and a stronger community.

  3. What We’ve Learned There is a lack of access to: Business analysis and development resources, especially for early stage companies Companies prepared for discussions with sophisticated investors The next generation of technical business talent Critical business resources

  4. An integrated system created to foster an environment of commercialization for knowledge-based industries

  5. Enabling an environment of business innovation and growth TRAINING business-ready talent PREPARING companies & technologies for commercial success CONNECTING to our network of strategic & funding partners

  6. U.S. & Global • Connections • Investors & Other Funding Sources • Strategic Partners • International Partners • Service Providers • Academia • Greater Minnesota Network • Incubators • Technology Developers & Acquirers • Mentor Network Company Preparation FastTrac® TechVenture™ Companies & Technologies Support Services Commercialization Analysis Students Applied Business Training

  7. Access to Capital & Resources • U.S. & Global • Connections • Investors & Other Funding Sources • Strategic Partners • International Partners • Service Providers • Academia • Greater Minnesota Network • Incubators • Technology Developers & Acquirers • Mentor Network Technology Company Preparation FastTrac® TechVenture™ Companies & Technologies Support Services Commercialization Analysis Students Qualified People Applied Business Training

  8. Training & Preparation Programs

  9. Applied Business Training Program The core of the ABT program is experiential learning - working directly with companies and inventors seeking to commercialize innovative technology under the guidance of industry mentors

  10. Applied Business Training Program • 1-2 year Fellowship Program • Full Time • Part Time • Industry Mentors • 30+ including project mentors and subject matter experts • Serial entrepreneurs, regulatory, reimbursement, product development, R & D, market, clinicians, etc. • Experiential Projects • Tech feasibility, IP, market, clinical care, manufacturing & distribution, regulatory, and reimbursement

  11. Engagement Opportunities & Benefits

  12. FastTrac®TechVenture™ Training entrepreneurs and intrapreneurs to create and grow successful businesses 30 hour group training program Nationally proven framework and a network of connections to help grow great ideas into the next great innovations.

  13. FastTrac®TechVenture™ Explore issues specific to technology- based markets Analyze industry size and segmentation Develop strategies for your market research Test your business viability Formulate a market penetration plan Master the essentials of financial statements, forecasts, and ratios Learn how to value your business and raise money

  14. FastTrac®TechVenture™ First course began in Rochester in March Second course in metro starting April 25 Curriculum can be taught across the state

  15. Company Development Program Formerly called the Minnesota Angel Network Prepares emerging companies for commercial success and accessing funding. Industry expert teams review the business concept and provide input as to the risk factors and suitability of the proposed investment and/or commercial entity.

  16. Company Development Program Results January 2012 – March 2013 90 companies applied 30 accepted into the program 21 companies successfully completed certification program More than 12 have received partial or full funding Over 2,730 donated hours from ~100 senior-level industry experts

  17. Company Development Program Certification Option Review of by customized team of 8-10 industry experts Certified companies have met these experts’ standards to quality Access to the Minnesota Angel Network investors Portal Option Review by internal staff Access to the Minnesota Angel Network investors

  18. Strategic Networks

  19. U.S. & Global Partners Investors & Funding International Partners Strategic Partners • 1,000 angel investors • VC network • Non-dilutive funding • Japan • Canada • Israel • Asia • National • International Academia Service Providers Technology Developers & Acquirers • U of M • Mayo Clinic • MNSCU • Private Colleges & Universities • Value chain Greater Minnesota Network Mentor Network Incubators

  20. Existing Prospects Worthington

  21. Thank you!Rebekah Kentrkent@biobusinessalliance.org952-746-3815

More Related