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Entrepreneurship in the Life Sciences from Idea to Business Bruce Ganem, Scott Allen AEM 122, Spring 2008 Building Successful Companies from Great Ideas in the Knowledge Pipeline invention product commercialization concept research discovery Economic/Regulatory Drivers Market Evaluation Business Plan IP Assessment Technology Evaluation Commercialization Plan Planning a Life Sciences Startup Venture "Priorities, Patents, People, Products, Planning, Performance" KensaGroup's Risk Tolerance Business/Operational Commercialization Technology
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Starting a Start-up Why? O O O O + CO 2 catalyst The Technology Plastics with up to 50 wt% CO
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Unformatted text preview: 2 How to Address the Risks? Personal Career Financial Technology Business Plan Founding Team How to Address the Risks? Deal with them as they arise Exclusive license acquired for CU technology Acquired access to technology from CU Novomer launched Started writing grants 2004 2005 2006 2007 2008 Seed funding Grants ($500 k) NSF, DOE, NYSTAR Charles Hamilton starts as president and COO Joint Dev. program w/ Foseco Move in new office and lab space Close A-round venture financing Joint Dev. program w/ Kodak Discussion...
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