1. Commercialization Services for the Inventor Harold H. Shlevin, Ph.D. Georgia Institute of Technology Principal, Bioscience Commercialization VentureLab and ATDC 1Shlevin, 9/7/2011 Georgia Life Sciences Summit September, 2011 Shlevin@gatech.edu 404-385-7372

2. Enterprise Innovation Institute Shlevin, 9/7/20112

3. Recent Changes at ATDC & VentureLab Shlevin, 9/7/20113 ATDC is ~30 years old (estb. 1980) VentureLab is 10 years old In 2009... – ATDC was opened up to the community of entrepreneurs across the State – VentureLab was merged into ATDC July 2011... - VentureLab was “separated” from ATDC – Better focus on commercialization of Georgia Tech related inventions – Consistent with Gtech’s renewed strategic focus on commercialization

4. Support for Bioscience Entrepreneurs VentureLab Mission: Educate, Curate, Create Focused on University Research Commercialization of University inventions Startup companies Other successful commercialization Staffed by experts in starting and managing new technology companies with strong external networks of connections Shlevin, 9/7/20114

5. VentureLab - Educate Two-way street toward understanding and alignment – Invention / Technology – Path to commercialization Science critical to attract greater business interest Business aspects (market, milestones, meetings, management & money) Risk identification & mitigation Meet with individually with faculty or with their groups/ teams – High touch process – Continuous throughout the discovery process Shlevin, 9/7/20115

6. VentureLab - Curate Become aware of potential opportunities early in the research process – viz., well before the traditional invention disclosure is considered Active and time intensive process – Advises on ways to enhance the commercial potential of discoveries Internally driven by industry experts Shlevin, 9/7/20116

7. CURATE Research Commercialization Process is iterative continuous builds value Invention Disclosure VentureLab Shlevin, 9/7/20117

8. VentureLab - One-Stop Center for Technology Commercialization Clear pathway from laboratory innovation to the commercial market VentureLab specialists help faculty transform innovations into early-stage companies – advise on ways to enhance commercial potential during the discovery process – assisting in business plan development – connecting the innovators with experienced entrepreneurs – locating sources of early-stage financing and preparing the new companies for the business world. Shlevin, 9/7/20118

9. Business Realities Money Technology Concept A Company Lots of good ideas stay undeveloped - Commercialization takes time and requires capital Key Success Factors - Technology - Versatile core team - Market entry strategy - Money - Practical business model Shlevin, 9/7/20119

10. 10 Enterprise Innovation Institute Early Stage Capital Grants and loans to startups based on Georgia university research. Assistance with small- business grants from eleven Federal agencies. Equity investments in startups with a connection to Georgia Tech. Shlevin, 9/7/2011

11. “Research is the transformation of money into knowledge. Innovation is the transformation of knowledge into money.” Geoff Nicholson, Ph.D. (Post-it® note inventor) What is Innovation? Shlevin, 9/7/2011 11