path to commercialization, nastas presentation to winner of grant competition
DESCRIPTION
This is my presenation to the participants in the competition, to receive grants for technology development, proof-of-concept & commercialization financing in Kazakhstan.TRANSCRIPT
Path to Commercialization
Intro from presenter, Tom Nastas
This presentation followed the presentation delivered by Andreas Martin, member, Int’l Science & Commercialization Board; the results of the 1st tender and selection of the ten groups awarded $10.5 million in grants for technology development, proof of concept funding and commercialization. You can view his presentation at this link, http://www.slideshare.net/TomNastas/grant-awards-kazakhstan-tech-commercialization-project
This presentation is not a stand-alone since it does not contain the audio portion of my talk. Please contact me to receive an explanation of the presentation at [email protected] or leave a comment to me at www.scalingupinnovation.com
Be well and be luckyTom Nastas
Almaty Kazakhstan
Path to Commercialization
Thomas D. NastasMember, International Science &
Commercialization [email protected]
www.scalingupinnovation.comwww.IVIpe.com
Innovative Ventures Inc. Haslett, MI. USA
Almaty, Kazakhstan17 June 2011
20 November 2009
Path to Commercialization
Basic & applied research
Proof of concept &
bench model
Prototype
Company formation (series
A/B)
Licensing or selling IP
Product launch & growth
20 November 2009
Finance Chain
Basic & applied research
Proof of concept &
bench model
Prototype
Company formation (series
A/B)
Licensing or selling IP
Product launch & growth
Venture CapitalAngel InvestorsGovernment Innovation FundsResearch Funding
Uncertainty
What’s Common Here?
$300B $8B-$10B
$7B-$10B$50B
20 November 2009
Grants Build Experience-Acceptance to Failure
Five years & 5000 prototypes to achieve goal: vacuum cleaner that did
not lose suction.
“By the time my 3rd child Sam was born, I made my 15th prototype.”
£920MM
16-19 November 2009 [email protected]
Failure≠Fraud
≠
