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The Ohio State University South Centers

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The Ohio State University South Centers. Linking Research and Entrepreneurial Commercialization ... State of Ohio Entrepreneurial Initiative ... – PowerPoint PPT presentation

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Title: The Ohio State University South Centers


1
The Ohio State University South Centers
  • Linking Research and Entrepreneurial
    Commercialization

2
Introduction
  • Why Commercialization Fails
  • Phases of Commercialization
  • State of Ohio Entrepreneurial Initiative
  • Case Study on University/Entrepreneurial Research
    Linkage
  • Conclusions

3
Why commercialization fails…….
  • Access to funding
  • Access to expertise
  • Failing to recognize need for project abandonment
  • Failing to identify change of strategy
  • Access to adequate informational resources

4
Commercialization Process
  • Idea
  • Market Analysis
  • Research/Validation
  • Intellectual Property/Protection
  • Business Planning
  • Prototype/Design Beta Testing
  • Marketing Plan
  • Launch

5
Commercialization Phases
6
Ohios Support for Entrepreneurs
  • Entrepreneurial Signature Program (ESP)
  • Program Purpose significantly increase the
    technology-based entrepreneurial
    commercialization
  • The OSU South Centers has received 2.1 million
    for commercialization of Agbioscience innovations

7
ESP Process - Preparation
  • Establish and develop the following criteria
  • Industry Problem Identification
  • Innovations Solution Identification
  • Project Milestones Established
  • Determination of ESP proposal and components
  • Business Plan or Concept Paper
  • Financial Projections
  • Capital Access Plan
  • Service Provider Identification

8
Case Study - Around the World Gourmet
  • The Project Partners
  • CEO Around the World Gourmet
  • The Ohio State University College of Food Science
  • The Ohio State University South Centers
  • The Entrepreneurial Signature Program
  • The Center for Food Technology
  • SBIR Submission

9
Case Study - Around the World Gourmet
  • The Problem
  • ATWG recognized the market need for a high
    quality gluten-free baked good, particularly for
    Celiac disease patients.
  • The company did not have the expertise or
    capability of conducting research necessary to
    discover the process and ingredients for a high
    quality good.

10
Case Study - Around the World Gourmet
  • The Outcome
  • Development of proposals and business plan.
  • Received 40,000 for the following activities
  • 35,000 research CFAES
  • 5,000 CIFT membership to obtain an additional
    25,000 of research funding
  • SBIR submission assistance from CFAES

11
Universitys Role in Commercialization
  • Supporting commercialization of research
  • Build collaborative efforts
  • Create systematic approaches for information
    seeking behaviors
  • Academic
  • Market
  • Business
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