Reports and Recordings2018-12-19T12:38:11+00:00

Discussions

Raising and Sustaining Gap Funding Programs

Summary Event Held 11.16.17 Recap of 90-minute Community of Action Discussion on Raising and Sustaining Gap Funding Programs: Tactics to R&S funds from institutional support and coordination (royalties, equity, donor/alumni funds) Tactics to R&S funds from external support (government programs, foundations, co-investment with corporations/investors) Approaches to keep sources of funding engaged throughout the gap funding process   Program Overview Marquette University Michigan Tech University Rutgers University University Hospitals University of Manitoba University of Utah   Additional Materials Download Presentation Deck

New Model Reviews

New Model Reviews Summary Event Held 6/18/19 Recap of 90-minute Community of Action Discussion on New Gap Fund/Accelerator Models Experts Tom Murdoch, Innovation Hub, University of Buffalo Joe Runge, UNeTec, University of Nebraska Tim Martin, Innovation Gateway, University of Georgia Additional Materials Download Presentation Deck

Gap Fund Process Tactics/Approaches

Gap Fund Process Tactics/Approaches Summary Event Held 1/17/19 Recap of 90-minute Community of Action Discussion on Gap Fund Process Approaches/Tactics Communicating the Program Evaluating/Decision-making Approaches Oversight of Funded Projects Talent and External Support Programs Experts Tim Joyce, IDEA Center, University of Notre Dame David Gulley, Parallel18/Puerto Rico STRT The Team, Seed Fund, Ohio State University Taylor Bench, TVC Seed Fund, University of Utah Additional Materials Download Presentation Deck

Evaluating Technology and Startups for Gap Funding

Recap of 90-minute Community of Action Discussion on Evaluating Tech and Startups for Gap Funding: Detailed presentations on four member program evaluation methods Tools and tactics for evaluation and advisory boards Examples of mentorship, education, and showcase programming

Establishing Common Impact Measures and Reporting to Stakeholders

Event Held 10.12.18 Summary   This 90-minute discussion will look how gap fund program monitor, analyze, and report impact to stakeholders. This will include an overview of six different institutional approaches and review outcomes from the Mind the Gap 2018 Report. Experts Greg Keenan, University of Wisconsin-WARF Accelerator Program Todd Keiller , Worcester Polytechnic Institute Denise Graves, Michigan Economic Development Corporation Bob Creeden, University of Virginia Seed Fund Lisa Kuuttila, STC.UNM Gus Loaiza, Tech Launch Arizona   Additional Materials Download Presentation Deck

Defining Gap Funding Approaches

Summary Event Held 7.26.17 Recap of 90-minute Community of Action Discussion on Defining Approaches to Gap Funding: Models/Structures of COA member programs, evolution from oneàmultiple fund programs Adopting common community language/definitions for fund types (Translational Research, Proof of Concept, Startup/Seed, etc.) Identifying nuances in approaches, needs and challenges (size/type of institution, location, tech area specific, etc.) Additional Materials Download Presentation Deck

Cultivating Gap Fund Support Programs

Summary Gap funds utilize accelerator support programs to assist in the development, evaluation, commercialization, and deployment of associated technologies and startups, and are critical in support of gap funding. These programs directly impact both institutional and community innovation capability by involving students, faculty, staff, entrepreneurs, investors, alumni, and others. This 90-minute discussion will look at specific support program examples and provides and overview for structuring these programs for your gap fund. Experts Greg Keenan, University of Wisconsin-WARF Accelerator Program Todd Keiller , Worcester Polytechnic Institute Pavita Howe, Rutgers University TechAdvance Phil Brooks, University of Pittsburgh Innovation Institute   Additional Materials Download Presentation Deck

COA Partnering: Samsung Innovation

Samsung Innovation Summary Event Held 11/15/2018 Recap of Community of Action presentation by Samsung Innovation: Discussion of specific initiatives to work with university Details of current interest areas for tech and startups Experts Jake Harrison, Samsung Innovation Additional Materials Download Presentation Deck

COA Partnering: Correlation Ventures

Correlation Ventures Summary Event Held 2/28/19 Recap of 30-minute Community of Action Discussion with Correlation Ventures: Approach to sourcing and vetting deals Early-stage investments to-date Interest in university startups and technology Experts David Coates, Managing Partner, Correlation Ventures

Attracting and Collaborating with Sources of Investment/Structuring Investments and Ownership

Summary This 90-minute discussion will look at how university gap funding and accelerator programs are working with external commercialization and investment partners. Additional, we review legal considerations and tactics in forming new spinout entities and maintaining ownership through funding rounds. Experts Steve Tokarz, Cantilever Bruce Zivian, Barnes & Thornburg, LLP   Additional Materials Download Presentation Deck

Assessing and Reporting Impact and Performance Metrics

Summary Event Held 8.23.17 Recap of 90-minute Community of Action Discussion on Impact Measures for Gap Funding Programs: Effect of gap funding on the technology commercialization process (process metrics, activity, econ dev, etc.) Ability of gap to attract outside commercial and investment interest (leveraged capital, licenses, community involvement, etc.) Quantifying the need for more attention and resources directed at the capital gap Program Overview Michigan Tech University Tech Launch Arizona The Rockefeller University University Hospitals University of Utah Washington State University Additional Materials Download Presentation Deck

Approaches to Marketing and Promoting Gap Fund and Accelerator Programs

Approaches to Marketing and Promoting Gap Fund and Accelerator Programs Summary Event Held 4/24/19 Recap of 90-minute Community of Action Discussion on Approaches to Marketing and Promoting Gap Fund and Accelerator Programs: Marketing internally and to key stakeholders Methods and Tools to market effectively Marketing benchmarks and activity metrics Experts Denise Graves, MTRAC, Michigan Economic Development Corporation Mark Simonson, MU Innovation, Marquette University Paul Tumarkin, Asset Development Program, Tech Launch AZ Additional Materials Download Presentation Deck

Reports and Recordings

Reports

University Proof of Concept Funds (SIG Report)

The Mind the Gap Proof of Concept Fund Special Interest Group (SIG) took place on February 24th, 2015 from 11-12:30 PM EST and was attended by ~55 professionals interested in the role of proof of concept funds at research institutions. This group was composed of current and aspiring fund managers and stakeholders. The following report draws from the discussion of the group, and is supported by survey results from 12 fund managers at the event and data from the Mind the Gap Report. Please review, use at your organization, and share with others.  

The University Student Venture Fund Report

The University Student Venture Fund Report is an action-oriented roadmap for current and aspiring fund managers and interested public and private stakeholders, including state agencies, corporations, and investors as they develop and improve student venture funding programs.

The Mind the Gap Report 2018

The Mind the Gap Report is a first-of-its-kind, all-in-one program development guide for current and aspiring gap fund managers that investigates 119 active translational research, proof of concept, startup, and venture funds at 75 universities and affiliated organizations. The Report includes 170 pages and 50+ charts and figures that covers all facets of gap funding.

Crowd the Gap: The University Crowdfunding Report

Crowdfunding is an emerging investment vehicle that may be better positioned to support the capital requirements of translational research, proof of concept projects, and early-stage start-ups than more traditional capital sources, like venture capital and angel investment.This report gathers the perspectives, insights, and attitudes from 45 universities as they relate to the adoption and evolution of university crowdfunding on their campuses.

Web Workshops

University Crowdfunding Model Review 2

Crowdfunding is an emerging investment vehicle that may be better positioned to support the capital requirements of translational research, proof of concept projects, and early-stage start-ups than more traditional capital sources, like venture capital and angel investment. This hour-long event will be a web-enabled discussion and cover examples at three leading institutions

University Crowdfunding Model Review 1

Crowdfunding is an emerging investment vehicle that may be better positioned to support the capital requirements of translational research, proof of concept projects, and early-stage start-ups than more traditional capital sources, like venture capital and angel investment. This 90-minute discussion will introduce you to university crowdfunding policy implications and two, operational university crowdfunding platforms

Mind the Gap Summit: Turn Alumni, Foundations, and Friends of the University into Gap Fund Investors

Donations, endowments, and direct investments from alumni, private foundations, and other stakeholders of the research institution into supporting gap funding programs, is the largest and growing source of proof of concept and startup funding programs. These friends of the university contribute over 50¢ on every dollar into the formation of these funds. Proof of concept and startup gap funding programs embody the intersection between research institution innovation, societal benefit, and philanthropy. They offer a natural link to engage alumni, foundations, corporations, and friends of the universities. These funds and programs require coordination between the Tech Commercialization Offices, Corporate & Foundation Relations , Development Offices, and Alumni Offices and are a great example of the emerging trend of campus-wide collaboration in innovation partnership and commercialization priorities. Join us as we take a multi-perspective approach to how groups are best structuring their programs for philanthropic partnerships as a major source for innovation funding and support.

Mind the Gap Summit: Secure and Sustain Gap Funding Support from Your State and Region

Over 30 states in the US and countless established and emerging innovation economies across the globe are actively supporting these funding programs. In our most recent survey, over 30% of all gap funding support came from these agencies and initiatives. State, regional, and federal governments are a growing source of funding for translational research, proof of concept, and startup funding often in collaboration and support of opportunities stemming from research institutions. These initiatives are motivated by the promise of economic development, and business and talent development/attraction/retention. Join us to take a look into these programs and here from both university-public gap funding partnerships to learn how to develop and expand on these collaborations

Mind the Gap Summit: Create and Manage a Startup Gap Fund

Startup Formation gap funds assist in the formational steps of spin-outs — even prior to becoming a legal entity. This gap fund type could be seen as a startup-focused extension of proof of concept funding that further develops the business application of the technology through market research, product development, business development, management, space, and equipment to attract third party interest and capital These funds are primarily administered by the technology transfer office and associated venture centers. External public-private arrangements to support business creation are administered by sponsoring agency or through close collaboration with the research institution   Startup Growth gap funds invest in scaling and growing established spin-outs. Research institutions have created, spun out, or partnered with seed funds and accelerators, both public and private, to fill this void in early stage startup capital and to directly invest in their own startups. Some institutions are even beginning to invest in non-institution startups. Centrally managed Startup Growth gap funds are limited based on the required capital. To overcome this challenge and mitigate risk, research institutions may partner with existing early stage venture firms or corporate investor groups

Mind the Gap Summit: Create and Manage a Proof of Concept Gap Fund

From our analysis of over 50 University-affiliated Proof of Concept programs, we have observed their strength in moving technology to a point of commercialization, while acting as an effective means to leverage and attract outside capital and expertise. Proof of Concept (POC) gap funds evaluate commercial potential, demonstrate the value, and generally de-risk (or perception of risk) the project to commercial partners or investors. Achievements like prototypes and commercial assessment help to identify and secure a route to commercialization, if one exists. POC funds also identify weakness in the technology for further development, or help avoid costs by deciding not pursue the technology These funds are often administered centrally through the technology transfer office, research foundation, central research administration, or the equivalent at the college-level. Externally-partnered public funds, accelerators, and corporate funds run independently or in close collaboration with the research institution.

Mind the Gap Summit: Attract External Investors to Gap Funded POC Projects and Startups

While just a small percentage of the total venture, corporate, angel activity, the role that early stage investors has and should play in the early development of research institution technologies and  startups should not be discounted. More than the capital itself, these investors and partners bring a wealth of market knowledge and networks of management talent and business connections. Research institutions can take advantage of this resource by strategically integrating investors and corporations into their operation, especially in evaluatory and advisory functions. In this session, we will discuss how active relationship-building between research institutions and the investment and corporate community supports operations, orders startup priorities, and strategically directs limited development capital in the near-term, while setting up the possibility for later investment and commercial partnership.

Add a Community Resource

Please consider uploading any existing resources from your POC and startup program that can support the COA as it develops the practice, such as:

  • Gap Funding program decks/presentations to describe your program
  • Annual reports that illustrate gap funding impact
  • Process documents like applicant criteria, scorecards/rating systems, etc.

Documents will be shared through the member-only secure toolkit

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