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TEDCO as a Federal Lab Partner

TEDCO as a Federal Lab Partner . September 2008 FLC Mid-Atlantic Region Annual Meeting at Rocky Gap, MD. TEDCO Mission. Build the technology-based economy in Maryland Outreach Project development Assist companies and laboratories to achieve their mutual objectives.

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TEDCO as a Federal Lab Partner

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  1. TEDCO as a Federal Lab Partner September 2008 FLC Mid-Atlantic Region Annual Meeting at Rocky Gap, MD

  2. TEDCO Mission • Build the technology-based economy in Maryland • Outreach • Project development • Assist companies and laboratories to achieve their mutual objectives

  3. A Technology Transfer Mission • The objective of outreach is to find companies that can collaborate with universities and federal labs to develop technology for commercialization • The objective of project development is to create new technology-based business activity in Maryland and expand the entrepreneurial capacity of the region

  4. A Technology Transfer Mission • To accomplish the Mission a series of specific technology transfer funding projects have evolved • MTTF --$75K, reimbursable awards • J&J • FDTTI -- $50K grants • TechStart -- $15K grants • Stem Cell $230K + grants • Working Capital Loan Fund -- $50K loan • RBI– $10K

  5. Signature Program --Maryland Technology Transfer Fund (MTTF) • Facilitate the transfer of technology between MarylandUniversities or Federal Laboratories and Maryland Companies • Project must involve significant collaboration • Maximum award amount is $75,000. • Reimbursable award • Requires a 50% company match

  6. MTTF Success Criteria • Achieving technical/budget/schedule milestones • Finding continuation funding • 108 companies with completed MTTF projects (September, 2008); 140 projects funded; 54.4% rate. • $6,812,112 in TEDCO support • $200M in continuation funding • >29.4:1 leverage • Funds were raised from Angel, VC, SBIR, ATP, State, Debt Capital, Fed Contracts, Strategic Partners, etc.

  7. TEDCO Funding -- Johnson & Johnson Joint Investment Program • Interests of J&J • Transformational medical technology • Maximum award is $150,000 • MTTF process • Reimbursable award, TEDCO Agreement

  8. TEDCO Funding -- Fort Detrick Technology Transfer Initiative (FDTTI) • Congressional earmark –Maryland Delegation • Transformational medical technology • Meet Army technology needs (BioMed focus) • Maximum award is $50,000 • Working with Paul Mele of ORTA, FC OED, Ft. Detrick BDO and FITCI

  9. TEDCO Funding --TechStart Program • Increase the number of university/federal lab start-up companies • Team - experienced entrepreneur, the inventor, and a technology transfer manager • Funding up to $15,000 for commercialization analysis (IP, market, competition, business model…)

  10. TEDCO Funding --Working Capital Loan Fund • Applications received by the 1st • Due diligence by staff • Site visit • Review completed within 30 days • Applications at www.marylandtedco.org

  11. TEDCO Funding -- Maryland Stem Cell Research Fund • The Maryland Stem Cell Research Fund was established by the Maryland General Assembly under the Maryland Stem Cell Research Act of 2006 to promote state-funded human stem cell research and medical treatments through grants to public and private entities in the state. • There are three types of grants: • Investigator-Initiated Grant up to $500K/year for three years • Exploratory Grant up to $100K/year for two years • Funding up to $55K/yr for post-doctoral fellows who wish to conduct basic and/or translational research on human stem cells in the State of Maryland.

  12. TEDCO Funding – RBI Assistance • Business assistance (examples) • business plan review • market and competitive analysis • developing a business model or strategy • financial analysis • grant review • Technology assistance • intellectual property • prototype development • manufacturing problem solving • green assessments, etc. • Amount of assistance per company is $5,000 to $10,000

  13. Company benefits of TEDCO Funding • Access to business and technical assistance • Access to Venture Capital, angels, and strategic partners (e.g. New Markets Growth Fund; Johnson & Johnson) • Publicity through TEDCO press releases • Recognition and reputation of state programs • Workshops for TEDCO funded companies only • Meet one on one with experts • Network with other companies

  14. Laboratory benefits of Partnering with TEDCO cont. • An extension of your technology transfer office • Technology Showcases • Source of trained or experienced Entrepreneurs (ACTiVATE; TEDCO Databases) • Source of established licensees • Passive technology transfer– InvenioIP www.invenioip.org • External funding • Training and networking opportunities • Company due diligence with TEDCO funding application

  15. USDA-TEDCO PIA • EUL Enhanced Use Lease • Company Scout • TECH Transfer--National • Showcase Host • Source of Licensees • Source of Funding • Research • Showcase host • Source of CRADA partners • Source of CRADA funding

  16. USDA-TEDCO PIA • Tech Transfer • CrsipTek USDA Licensee / TEDCO $75K development funding –rice flour • Chesapeake Microproducts USDA Licensee / TEDCO $75K development funding – poultry feather waste • Imagellian USDALicensee / TEDCO $75K development funding –probiotics • IntelliTech Microsystems, Inc. USDA licensee / TEDCO $75K development funding plant and land management UAV • TEDCO Showcases April 2003 and February 2006

  17. USDA-TEDCO PIA • Research • Spiralcat USDA CRADA partner / TEDCO $75K funding • RCN USDA CRADA Partner--potential • ZGI NASA Space Act Partner (USDA Partner) -potential • TEDCO Showcase Oct 30, 2008

  18. Fort Detrick -TEDCO MOU • TECH Transfer • Showcase – July 2005 • Fort Detrick Technology Transfer Initiative • Eleven projects completed with $50K under FDTTI 1 • Fifteen more projects to be completed under FDTTI 2 • Source of CRADA partners • Source of CRADA funding • Connection to HCBUs

  19. Fort Detrick -TEDCO MOU • Example, results • Biaera USAMRMC license, Aerosol management for animal testing, >$2M follow-on funding, from one to three employees, 3 more government patent licenses for next product (CDC buyer) • Biofactura – Smallpox Biodefense Therapeutic, ~$4M follow-on funding, in animal studies, IND filing expected 2010, from one to four employees

  20. Fort Detrick -TEDCO MOU • Example, results • Integrated BioTherapeutics – USAMRMC Patent License, Vaccine and therapeutic for Staph, $2M follow-on funding (Immediate DTRA funding ~$500K), from one to eight employees • Akonni – Argonne Nat Lab Patent License, bio agent identification system, $5M follow-on funding, new 17K sq ft office/lab building, from one to >30 employees

  21. Thank You James A. Poulos, III Vice President Technology Transfer and Commercialization jpoulos@marylandtedco.org 410 715 4166 www.marylandtedco.org

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