VentureWell Opportunities & Resources

VentureWell Patricia Boynton Laura Sampath

Session Agenda  Overview of VentureWell programs & resources  Grants and competitions  Grantees tell their stories  Q&A

Our Mission  VentureWell fosters new ventures from an emerging generation of inventors and supports the innovation and entrepreneurship ecosystems critical to their success. 3 InnovatorsFaculty

VentureWell Timeline 4 NCIIA Founded 1 st Open Conference BME Faculty Network launched 1 st Lean LaunchPad workshops 1 st E-Team company Invention 2 Venture program 1 st BMEidea competition 1 st BMEstart competition 1 st Student Ambassadors Pathways to Innovation program Xcelerator program starts GIST Bootcamp program Rebrand VentureWell 1 st I-Corps workshops 1 st ASPIRE workshops

Our Programs & Initiatives Early Stage Innovator Programs I-CorpsE-TeamsXceleratorGISTASPIRE BMEidea / DEBUT Faculty Initiatives Programs Faculty Grants Pathways to Innovation OPEN Lean LaunchPad® I&E Network Initiatives National Innovation Network BME-IDEA Meeting TTA AdvisoryGIST Network 5

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 6 o I-Corps TM o E-Teams o Xcelerator o GIST o ASPIRE o 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 LaunchPad®

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

Grants & Competitions VentureWell 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 $30K per grant  1-3 years in duration  15 – 25%

Faculty Grants: Requirements  VentureWell memberhttps://venturewell.org/membershi p/ p/ –$950/yr Universities –$500/yr Colleges

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

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

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) 

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 

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

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

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

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

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 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

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 post- workshop coaching sessions 

OPEN MINDS Saturday 6:30PM Collaborative Life Sciences Building

QUESTIONS?

BMEidea Next Deadline: April 6 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.

DEBUT Next Deadline: May 30 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.

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 VentureWell 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 Call or us!

THANK YOU!