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BMES Conference: Student Technology Transfer

BMES Conference: Student Technology Transfer . Brian Mullen, Ph.D. Overview. Introduction to Therapeutic Systems Why we started Pain & Solution Where we are now Starting up as a Student: Navigating the “Bermuda Triangle” Timeline and development overview

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BMES Conference: Student Technology Transfer

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  1. BMES Conference: Student Technology Transfer Brian Mullen, Ph.D

  2. Overview Introduction to Therapeutic Systems • Why we started • Pain & Solution • Where we are now Starting up as a Student: • Navigating the “Bermuda Triangle” • Timeline and development overview • mentors & entrepreneurship programs Lessons Learned

  3. Compelled to Act

  4. Autism Spectrum Disorders 1 in 110 people 10-17% annual growth $35 billion societal cost annually • 27 States have Mandated Autism coverage

  5. Provides personalized deep touch pressure to anyone, anywhere, at any time. Marketing Campaign: Brand, Social Networking, Website Launched: 4/1/11 Personal, Portable, Deep Pressure

  6. Accomplishments to Date • Licensed & Filed Patents • Board of Directors • Scientific Advisory Board • World class Manufacturing Partner • FDA Registered Class 1 Exempted Device • Brand & Identity • Raised Capital • April Launch • Initial Sales • KOL’s Including • Autism Speaks • Easter Seals • Dr. Temple Grandin Support

  7. CVIP, COI, CEO, Ph.D University Tech Transfer Student Business

  8. Timeline 2004 • Fall: started grad school & research project 2006 • Fall: started exploring commercialization 2008 • Spring: won BP competition & NCIIA grant • Fall: Conflict of Interest process 2009 • Summer: Defended 2010 • Winter: Obtained License

  9. Integrated Design & Development Driven by Clinical Data & Research Design Clinical Data Customers KOLs Foundations Manufacturing Regulatory Reimbursement GMP & Quality Marketing & Brand

  10. Mentors & Relationships PhD & Master’s committee/ mentors for the academics “Business committee”/ mentors for the company Relationships are your the most important & most valuable asset. Student/ committee chair relationship is the most important

  11. Entrepreneurship programs • Encouragement • Knowledge • Critical Validation • Resources & Support • Mentors • Capital • Capital: ~$80k • Grants, Awards, Fellowships • Mentors • Chair of our board, lead investor • Seed Round Investors

  12. Programs • NCIIA • Grinspoon Foundation • Entrepreneurship Club • UMass Business Plan Competition • Isenberg Fellow • Business Classes • Amherst Center for Entrepreneurship Accelerator • MassChallenge

  13. Lessons Learned & Suggestions • IT IS A LONG TERM RELATIONSHIP…a Marriage • pick your battles • Understand the other person’s side • Ie Laws that have to be followed by the university. • Room for flexibility & opportunity • Understand the impact to the facility /students • MOST IMPORTANT: the student is not a faculty member.

  14. Lessons Learned & Suggestions • Student should always be evaluating what they want and letting people know. • Student has to be made aware of the decisions and implications • Do your homework • Read and know the university policies. • ask a lot of questions. • Get good mentors.

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