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Marquette

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Marquette. To. Market. Robert Young, CEO. Paradigm Sensors. Milwaukee, Wisconsin. Research & Scholarship. Crossing the Technology Valley of Death. What does it ... – PowerPoint PPT presentation

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Title: Marquette


1
  • Marquette
  • To
  • Market


Robert Young, CEO Paradigm Sensors Milwaukee,
Wisconsin
Research Scholarship
2
Crossing the Technology Valley of Death
3
What does it take to get an invention to market?
  • Product Development
  • Patent(s), Trademark(s)
  • Entrepreneur or Entrepreneurial ability
  • Business Plan
  • Investors, Company

Research Scholarship
4
Mechanisms for Tech Transfer
  • Patents, licensing and various types of
    agreements are considered mechanisms for
    transferring technology. These mechanisms help
    businesses gain access to federal and university
    research, technical expertise, and/or special
    equipment and facilities in order to promote the
    movement of technology into the marketplace
  • (The National Agricultural Library
    http//ttic.nal.usda.gov/nal_display/index.php?inf
    o_center6tax_level1tax_subject359).

Research Scholarship
5
Characteristics of an Entrepreneur
  • Good health. Successful entre-
  • preneurs must work long hours
  • for extended periods of time. When
  • they get sick, they recover quickly

Research Scholarship
6
Characteristics of an Entrepreneur
  • A Need to Control and Direct. They prefer
    environments where they have maximum authority
    and responsibility and do not work well in
    traditionally structured organizations. This is
    not about power, though. Entrepreneurs have a
    need to create and achieve by having control over
    events.

Research Scholarship
7
Characteristics of an Entrepreneur
  • Self-confidence. Findings showed that as long as
    entrepreneurs were in control, they were
    relentless in pursuit of their goals. If they
    lost control, they quickly lost interest in the
    undertaking.

Research Scholarship
8
Characteristics of an Entrepreneur
  • Sense of Urgency. They have a never-ending sense
    of urgency to do something. This corresponds with
    a high energy level. Many enjoy individual sports
    rather than team sports. Inactivity makes them
    impatient.

Research Scholarship
9
Characteristics of an Entrepreneur
  • Comprehensive Awareness. They have a
    comprehensive awareness of a total situation and
    are aware of all the ramifications involved in a
    decision.

Research Scholarship
10
Characteristics of an Entrepreneur
  • Realistic Outlook. There is a constant need to
    know the status of things. They may or may not be
    idealistic, but they are honest and
    straightforward and expect others to be the same.

Research Scholarship
11
Characteristics of an Entrepreneur
  • Conceptual Ability. They have superior
    conceptual abilities. This helps entrepreneurs
    identify relationships in complex situations.
    Chaos does not bother them because they can
    conceptualize order. Problems are quickly
    identified and solutions offered. The drawback is
    that this may not translate well to interpersonal
    problems.

Research Scholarship
12
Characteristics of an Entrepreneur
  • Low Need for Status. Their need for status is
    met through achievement not through material
    possessions.

Research Scholarship
13
Characteristics of an Entrepreneur
  • Objective Approach. They take an objective
    approach to personal relationships and are more
    concerned with the performance and accomplishment
    of others than with feelings. They keep their
    distance psychologically and concentrate on the
    effectiveness of operations.

Research Scholarship
14
Characteristics of an Entrepreneur
  • Emotional Stability. They have the stability
    to handle stress from business and from personal
    areas in their lives. Setbacks are seen as
    challenges and do not discourage them.

Research Scholarship
15
Characteristics of an Entrepreneur
  • Attraction to Challenges. They are attracted
    to challenges but not to risks. It may look like
    they are taking high risks, but in actuality they
    have assessed the risks thoroughly.

Research Scholarship
16
Characteristics of an Entrepreneur
  • Describing with Numbers. They can describe
    situations with numbers. They understand their
    financial position and can tell at any time how
    much they have in receivables and how much they
    owe.

Research Scholarship
17
Life Cycle of Technology
Research Scholarship
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  • Taking Handheld Biodiesel Analyzer from
    Marquette Lab to Market

Paradigm Sensors

Robert Young, CEO Milwaukee, Wisconsin
33
What makes the case for success when you have a
good product?
Sea Change in U. S. citizens perception of
Foreign Oil Farmers have power in the US Quality
of Air and Warming of Earth Leading to incentives
for production of biodiesel
34
The case for coming out with a biodiesel analyzer
at this time
  • Accelerated development of biofuel will
    positively affect our
  • Economymore dollars stay home
  • Environmentless toxic emissions
  • National Securityless dependence on foreign oil

35
Global Warming is proven scientifically and
governments start responding to the reality with
incentives for using biofuels.
36
  • Paradigm Sensors LLC, a Wisconsin-based,early-sta
    ge company, using technology developed at
    Marquette University, is well positioned to take
    advantage of the exponential growth in the
    alternative fuel industry by introducing the
    first proprietary, IS (Impedance Spectroscopy)
    handheld analyzer to test the quality and blend
    percent of biodiesel.

37
What are key elements to success of your product
as opposed to others in the market?
  • Proprietary Product that fills a need in a large
    market
  • First to market
  • Sustainability
  • Good management team
  • Barriers to Entry by others
  • Nimbleness
  • Investors
  • Good Business Plan where the numbers show success

38
First to Market
  • Well positioned to take advantage of the
    exponential growth in the alternative fuel
    industry
  • Introducing the first proprietary, IS
  • (Impedance Spectroscopy) hand-held
  • analyzer to test the quality and blend
  • percent of biodiesel.

39
Tests for the following Percent
Blend Total Glycerin Oxidation Methanol
i-Spec - Q100
40
i-Spec Hand-held Market Opportunities
41
Sustainable
  • Over the next 15 to 20 years we may see biofuels
    providing a full 25 percent of the worlds energy
    needs.
  • Alexander Müller, assistant director-
  • general for the UN Food and
    Agricultural Organization

42
Nimble Paradigm Sensors technology is not
limited to biodiesel.

43
Biodiesel Must Meet Specifications
  • Its critical that the fuel (biodiesel) meet
  • the specifications. An off-specification
  • batch can create problems and a bad
  • batch of fuel can be devastating (for
  • growth of industry).

Jenna Higgins National Biodiesel Board
44
59 Out of Spec
  • A US fuel quality testing project, co-funded
    by NBB and NREL, discovered that 59 percent of
    biodiesel samples taken between November 2005 and
    July 2006 were out of specification for
    incomplete processing, containing trace
    quantities of un-reacted di- and
    tri-glycerides.

Lubrication Magazine October 2007 Gary
ParsonsContributor
45
Management Team
CEO Robert Young, President Technical Team
Martin Seitz, PhD, BSEE, MSEE Richard Hirthe,
PhD Charles Koehler, PhD and David Wooton, PhD
Marketing Katherine Nelson, Rick Nelson Board
and Advisors Michael Boroch, David Boyer, Laura
King, Bill Steinberg, and Herb Zien Legal
Counsel Cory Nettles, Quarles Brady LLP. Tax
Consultants Virchow Krause, LLC
46
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Marquette University PhD, Dick Hirthe, in Vienna,
Austria at the International Biodiesel Congress
in November, 2007
49
Robert Young, CEO, with Marquette PhD, Chuck
Koehler in Paradigm Sensors lab.
50
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51
Milestones
  • Management Team Assembled
  • PPM Completed
  • Funding received (500,000 to date)
  • IP Strategy launched
  • 4 patents (2 US 2 PCTC) and 3 trademarks filed
  • Lab Equipment (FTIR and GC) purchased
  • Algorithms Developed
  • i-Spec Q-100 Introduced in Vienna Austria
  • UL Certification and CE Certification to be
    completed in March 2008
  • Alpha Testing to commence in March 2008
  • Orders for i-Spec to be taken and delivered in
    Spring 2008

52

i-Spec - Q100 Paradigm Sensors is filling the
void in the biodiesel testing arena by providing
an easy-to-use, affordable (less than 5000 US),
handheld testing device that takes the
reproducibility of FTIR and GC and puts that into
a handheld analyzer that tests the quality of
your biodiesel with validation results in minutes.
53
1. Fill and insert cartridge.2. Press
Start.3. Print results in minutes.
The i-Spec Q-100 Is As Easy as 1, 2, 3
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  • Marquette To Market

Quiz Essay In 500 words or less explain your
feelings about technologys impact on our future
alternative fuel market. Email essay to
info_at_paradigmsensors.com by Wednesday.

Robert Young, CEO Paradigm Sensors Milwaukee,
Wisconsin
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