Venture Well Opportunities Resources Venture Well Patricia Boynton

Venture. Well Opportunities & Resources

Venture. Well Patricia Boynton pboynton@venturewell. org Laura Sampath lsampath@venturewell. org

Session Agenda § § Overview of Venture. Well programs & resources Grants and competitions Grantees tell their stories Q&A

Our Mission § Venture. Well fosters new ventures from an emerging generation of inventors and supports the innovation and entrepreneurship ecosystems critical to their success. Innovators 3 Faculty

Venture. Well Timeline 1 st E-Team company 1 st BMEidea competition 5 9 19 1 st Student Ambassadors Invention 2 Venture program NCIIA Founded 96 19 97 19 1 st Open Conference 98 19 99 19 00 20 01 20 1 st BMEstart competition 02 20 1 st I-Corps workshops 03 20 04 20 BME Faculty Network launched 05 20 06 20 07 20 08 20 09 20 1 st ASPIRE workshops Xcelerator program starts 10 20 11 20 2 3 1 20 GIST Bootcamp program 4 1 20 1 st Lean Launch. Pad workshops Pathways to Innovation program 4 5 1 20 6 1 20 Rebrand Venture. Well

Our Programs & Initiatives Early Stage Innovator Programs I&E Network Initiatives I-Corps Faculty Grants National Innovation Network E-Teams Pathways to Innovation BME-IDEA Meeting Xcelerator OPEN TTA Advisory GIST Lean Launch. Pad® GIST Network ASPIRE BMEidea / DEBUT 5 Faculty Initiatives Programs

Early Stage Innovator Programs § Direct work to support inventors in bringing their ideas to market through: – Workshops and training – Coaching and mentoring – Funding or awards o o o 6 I-Corps. TM E-Teams Xcelerator GIST ASPIRE BMEidea / DEBUT

Faculty Initiative Programs § Initiatives to support faculty in developing programs that cultivate & support student innovators and promote institutional change through: – Grants – Workshops & Training – Conferences § § 7 Faculty Grants Pathways to Innovation Open Lean Launch. Pad®

I&E Network Development Programs § Initiatives to create and build networks to strengthen the overall innovation & entrepreneurship ecosystem. o National Innovation Network o BME-IDEA Meeting o TTA Advisory o GIST Network 8

Grants & Competitions Venture. Well awards more than $1. 2 million in funding annually to students and faculty

Faculty Grants For new courses or programs OR to enhance/expand/impr ove existing courses or programs

Faculty Grants: At a glance § One deadline per year (Nov. 9, 2016) § $600+K total per year § Up to $30 K per grant § 1 -3 years in duration § 15 – 25%

Faculty Grants: Requirements § Venture. Well memberhttps: //venturewell. org/membershi p/ – $950/yr Universities – $500/yr Colleges

Technology entrepreneurship focus Plan for sustainability Experiential learning by doing Successful Faculty Grant Entrepreneurial ecosystem Environmental or social impact Result in the formation of teams (E-Teams)

Faculty Grants: Proposal components § Five page narrative and up to five appendices – Course description – History and context – E-Team formation – Work plan – Team and partners – Success indicator https: //venturewell. org/facultygrants/guidelines/

Proposal components (continued) § Institutional support – – Principal Investigator Dean of Faculty Department Chair Administrative Contact § Budget – what’s your ask? § Letter(s) of support (at least 1, up to 3) § Resumes of PI and key collaborators (up to 4) § https: //venturewell. org/facultygrants/guidelines/

Faculty Grants: Post-review § Notification within 90 days of deadline § If funded, kick off call with Program Officer § If invited to resubmit, reviewer feedback call with Program Officer § Interim and final reports § The kinder, gentler funder § grants@venturewell. org

QUESTIONS?

E-Team Program Early stage funding and training for student-led teams working on a technology solution to a big social or environmental problem https: //venturewell. org/student-grants/guidelines-stage-1/

Next application deadlines: May 4, 2016, October 5, 2016

E-Team Program: Requirements § Venture. Well memberhttps: //venturewell. org/membershi p/ § At least TWO active students for the duration of the grant

Technology solution to a real-world problem Passionate, committed, well-balanced team Technically innovative and feasible Market and commercial potential Successful E-Team Student-led team

E-Team: Proposal Components § Five page narrative and up to five appendices – Technology – Market potential – Value proposition – Competition – Team and team support – Workplan and outcomes https: //venturewell. org/student-grants/guidelines-stage 1/

Proposal Components (cont. ) § Institutional support Principal Investigator Department Chair Administrative Contact § Letter(s) of support (at least 1, up to 3) § Resumes of key team members (up to 4) § Budget required with Stage 2 application https: //venturewell. org/student-grants/guidelines-stage-1/

E-Team Program: Post-review § Notification within 60 days of deadlines § Stage 1 & Stage 2 funded teams participate in three day venture development workshops § Stage 2 teams also participate in six postworkshop coaching sessions § grants@venturewell. org

OPEN MINDS Saturday 6: 30 PM Collaborative Life Sciences Building

QUESTIONS?

BMEidea The BMEidea competition offers up to $18, 500 in prizes and challenges collegiate biomedical entrepreneurs to pioneer a health-related technology that addresses a real clinical need. Next Deadline: April 6 https: //venturewell. org/students/bmeidea/guidelines/

DEBUT The Design by Biomedical Undergraduate Teams (DEBUT) competition offers $65, 000 in prizes and challenges teams of undergraduate students in biomedical engineering programs to solve real world problems in healthcare. Next Deadline: May 30 https: //venturewell. org/students/debut/guidelines/

QUESTIONS?

Grantee Experiences § Mariana Amatullo, Ph. D. Art Center College of Design § Magdalini Lagoudas, Ph. D. Texas A & M University § Virginia Neese Acoustic, Shield, Texas A & M University

QUESTIONS?

Other Venture. Well Program Sessions Saturday, 9 am: E-Team Enablers: How Faculty can best support E-Teams Salon D Saturday, 2: 45 pm : All Things I-Corps: what you need to know! Portland Room

For more information www. venturewell. org Call or email us! grants@venturewell. org 413 587 2172

THANK YOU!