TEDCO Programs for Technology Transfer

2005 FLC Mid-Atlantic Regional Meeting

September 13-15, 2005Ronald W. Kaese

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PublicFunding

ProjectCapitalFunds

$

University University Technology Technology

Development Development FundFund

$

Maryland Maryland Technology Technology

Transfer FundTransfer Fund

ATTI NTCIATTI NTCI

Ft. Detrick TTIFt. Detrick TTI

Maryland Industrial Partnerships (MIPS)

DBED Challenge

Toucan Capital

New Markets Growth Fund

DBED Enterprise

ASMR MDBio

SBIR

ATP

$ $

$

BasicResearch

Proof of Concept

Feasibility Testing

ProductDevelopment

Product/Service

DevelopmentProject

Public Laboratory

Company

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Overview

University ProgramsUniversity Patent Support FundUniversity Technology Development Fund

Company ProgramsMaryland Technology Transfer FundFederal Laboratory Programs

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TEDCO University Patent Support Fund

Goal: increased number of quality invention disclosures and patent applications Partial support (50%, up to $5,000 per patent) for any new patents FY 2004 – 109 new patents supportedFY 2005 – 122 patents supported as of 8/31/2005

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University Technology Development Fund

Goal: increased commercial value Universities technology transfer offices submit proposals

up to $50,000 per projectOverall, 37 projects are complete

14 licenses, most to startup companies>70% to MD companiesfive licensees obtained TEDCO funding one more is applying

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Maryland Technology Transfer Fund

Goal: develop high tech early stage companies

collaboration with public lab in Maryland leveraged by TEDCO seed funding

Awards for up to $75,000 per project50% company match, reimbursable based on revenues

Rigorous due diligence reviewExternal and internal expert evaluationsSite visit by TEDCO and DBED staff membersReview committee award recommendationExecutive level decision

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TEDCO MTTF Portfolio

To date 75 companies have received 80 awards totaling $4,369,528 37 MTTF companies have completed projects

$2.088 million investedTo date these 37 companies

• raised a total of $57.4 million in outside funding

• earned over $7 million in revenues

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Equity Conversion

TEDCO has completed its first equity conversion of MTTF repayment obligationAlba Therapeutics, closed on $30 million TEDCO received shares of Series A preferred stock A second company, in Venture round negotiations, has also requested an equity conversion

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MTTF Repayments (revenue based)

In FY 04 first MTTF repayment

In FY 05 four MTTF companies elected early repayment in full one made partial payment

In FY06 three companies have made repayments

~ $200K in repayments from 11 companies

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TEDCO Federal Laboratory Seed Funding Programs

Programs managedNAVAIR Technology Commercialization InitiativeAberdeen Technology Transfer InitiativeFort Detrick Technology Transfer Initiative

Due diligence review process modeled on MTTF program

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NAVAIR Technology Commercialization Initiative (NTCI)

Goal: Technology to benefit the Naval Aviator Local Partner: The Patuxent PartnershipAwards of up $75,000 each

NTCI allows second award up to $75,000 Eight Phase-I awards to date ~ $600K

Sensics, Inc. initial award of $75,000 to develop a head-mounted virtual reality display for flight simulators and other applications

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Aberdeen Technology Transfer Initiative

Goal: cutting-edge technology for Army soldiers Local Partner: TRSG, Inc./Aberdeen BDOAwards of up to $50,000 per project

12 won Army development contracts ~ $600K

CCL BiomedicalAntimicrobial fabrics for soldier and worker health protection

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Ft. Detrick Technology Transfer InitiativeGoal: transformational medical technology for Army needs Local Partner: Frederick County OED

$600,000 in award pool for company projectsAwards of up to $50,000 per project

eight proposals received to dateSo far two awards for $50,000 each

Sterilex, Inc.Novel antimicrobial compounds for resistant organisms

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Networking for CollaborationsFort Detrick Showcase July 14, 2005

Creating Superior Biomedical Technologies363 attendees Since the showcase

• Two Proposals

• Eight Whitepapers seeking collaborators

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MTTF Portfolio Workshops

Topics: SBIR/STTRAngel / VC funding Financial ManagementStrategic Partnering

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SBIR Workshop

TEDCO will sponsor an SBIR workshop on December 8, 2005

Target Audience: SBIR Winners and Applicants

Partners: Tech Council of Maryland, Prince George County EDC, Virginia CIT, DBED, UMCP