Available Resources to Assist in Developing Your Invention. James Thompson Team Lead, Engineering.

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Presentation transcript:

Available Resources to Assist in Developing Your Invention. James Thompson Team Lead, Engineering

Resources Center for Engineering Innovation Center for Medical Innovation Development Resources Financial Resources

Center of Medical Innovation Links resources at: Health Sciences College of Engineering School of Business Tech Ventures Student Programs –Bench2Bedside –Biodesign Program –Pierre Lassonde Entrepreneur Center healthsciences.utah.edu/center-for-medical- innovation/

TVC Talk to your BTDM Introductions to: Faculty Entrepreneurs Investors Subject Matter Experts Potential corporate partnership Examples Development Resources

Utah Biodesign Program Undergraduate student design teams Process brief description to Dr. Robert Hitchcock Idea is disclosed to TVC Students select ideas at beginning of the course (January) Students assemble a design history file Prototypes are developed and tested

Financial Resources Corporate Submit your invention to TVC Once the invention is protected (in 4 cylinder): –Proactively seek opportunities Tradeshows, conferences, partnering events Talk to companies – introduce yourself and discuss tech –Scientist to Scientist better than BD to BD –Generate marketing materials – TVC –Keep marketing materials handy Bring to tradeshows, conferences, partnering events –Keep TVC in the loop

Steps 2 stroke – evaluation 4 cylinder – de-risking and marketing V8 – licensed Funding request in the 4 cylinder De-risking technology (UU investing in your tech) Inventor prepares short application and PPT slides TVC finalizes slides and presents application Group of entrepreneurs, investors and subject matter experts review Funding based on milestones to advance invention to commercialization The Engine

TCIP business.utah.edu/programs/tcip/ SBIR Consider starting a company