|For further information contact:
Isabelle Gorrillot, D.Sc.
Assoc. Dir. for Technology Transfer
Research & Sponsored Programs
Fax (937) 775-3781
The forum in pictures...
Attendance at the forum “From Invention to Market 2004” was beyond expectations. Out of 230 pre-registrants, 140 came and about
15 were on-site non-pre-registered individuals. I would like again to thank all exhibitors and speakers, as well as our attendees who
came to Celebrate the Promise of Innovation with us this year, and share our enthusiasm in transferring our technologies into the market place.
|I would like in particular to thank Ohio Representative Merle G. Kearns (left on the picture) for her presence at the event, Mr. Steven Lake (below left), Governor Taft’s representative in Dayton, as well as Dr. Marc Cloutier (below, right) for his presentation on Third Frontier funding opportunities, at the opening ceremony of the Showcase. The active contribution of our sponsors (listed below) definitely made the event a resounding success.|
Dr. Mariana Morris, Mr. Robert Hickey, and Mr. Steven Lake
President Goldenberg, Dr. Marc Cloutier, and Dr. Isabelle Gorrillot
The Opening Ceremony
The Invention Showcase officially opened at 11.30 am with a presentation by
Dr. Marc Cloutier, with President Goldenberg, and Dr. Gorrillot), Special Assistant
for Biotechnology at the Ohio Department of Development on the Third Frontier
opportunities for funding commercially oriented research projects.
Goldenberg reminded us of Wright State University’s commitment to fostering
economic growth in the Dayton area and beyond. He indicated how events such
as the technology forum “From Invention to Market” contribute
to encourage convergence between academia, industry and government, and leverage
synergies to operate a successful transition from a manufacturing to a knowledge
The Invention Showcase
The Invention Showcase was well attended and resulted
in initiating licensing discussions for one of the displayed technologies,
as well as establishing
a second start-up company based on an entire Wright State technology
platform. This is very exciting and validates the technology forum model,
but we of
course hope that the negotiations will close favorably.
17 exhibitors presented their inventions this year at the technology showcase: eight in Health Sciences (Biology, Biomedical
Engineering and Environmental Sciences), and eight in Physical Sciences, including IT, Computer Sciences and Mechanical & Materials
Engineering. I would like first to thank all the exhibitors who took time to present their inventions at the Showcase, especially
to the new participants this year: Dr. Dawn Wooley, Dr. John Turchi, Dr. Ping He, Dr. Roger Gilpin, Dr. Douglas Petkie, Dr. Raghavan
Srinivasan, Dr. Xinhui Zhang, Dr. Forouzan Golshani.
Above, Dr. Xinhui Zhang explains the concept
behind his optimization solutions for industrial applications.
This year again the forum comprised morning and afternoon seminars designed to provide a baseline understanding of the technology commercialization
process, both from the university and from the corporate perspectives. The ultimate goal of the seminars is help academic and industry partners to work
better, avoid misunderstandings that can sometimes lead to fiascos. This year, the forum offered an entire afternoon dedicated to entrepreneurship in order
to provide some practical advice to get started. All presentations are available (unless otherwise indicated) on this website.
|The morning sessions focused on the initiation part
of the technology commercialization process. The core message is that securing
intellectual property rights needs to be considered as early as at
the funding stage (Dr. Sellers), especially if the project is going to be industry-sponsored.
Thereafter, researchers and the technology transfer office need to work hands
in hands to make sure that access to intellectual property rights (Tim
Hagan, Esq. , left) are preserved by way, for example of sound invention
disclosure and documentation (laboratory notebooks), or sensible communication with outside
|The Bayh Dole Act (1980) really jump-started the
commercialization by non-profit organizations such as universities, of patents
resulting from federally sponsored research. The Act provides that universities
act as the legal agent of the federal government for the ownership, management,
and commercialization of technologies emerging from federally sponsored research.
The Wright State University “Policy and Procedures for Intellectual Property” is
consistent with the language set forth in the Bayh-Dole Act. Dr. Gorrillot (right) reviewed the various aspects
and implications of the Bayh-Dole Act
as far as industry-sponsored research and technology
commercialization, as well as the steps involved in commercializing university
inventions, and key success factors to establishing a mutually beneficial business
relationship between the university and its corporate partners.
An Entrepreneurial afternoon…
|Dr. Golshani, our new chair of Computer Sciences,
and himself a successful entrepreneur, introduced this Entrepreneurial
afternoon with an excellent seminar presenting the steps from scholarly
research to entrepreneurship. As previously mentioned, moving the academic
culture from “scholastic” to “entrepreneurial” is
a necessity to technology commercialization and involves many cultural
and organizational changes. Dr. Golshani dedicated the second part of his
presentation to a key implementation aspect of this mutation from scholarly
research to entrepreneurship: business planning. What is a business plan?
Why a business plan? How to write a successful business plan? Dr. Golshani
provided a few very pertinent tips and pointed out in particular, that
writing a business plan requires a collaborative effort with outside professionals,
including technical, but also definitely from the finance, legal, and licensing
domains. His presentation also reminded of the necessity to have a realistic
view about the status of a technology, which industry and finance leaders
can accurately convey.
|As the business plan shapes up, many legal issues
pertaining to incorporation arise, such as tax, or capital structure. Dan
Fauszt, Esq. gave us a brilliant outline of these issues and advised future
entrepreneurs to address them at the earliest as they will play a determinant
role in the future and growth of the emerging company. The technology transfer
office assists future faculty entrepreneurs in “decanting” these
issues through the involvement of outside legal counsel seasoned in this
||The entrepreneurial afternoon closed with a
unanimously acclaimed presentation from Christian Howard, Vice President
of entrepreneurship at the Dayton Development Coalition. Christina, herself
a seasoned entrepreneur who also held senior executive positions in the
banking industry, now manages a network of Angels and Venture Capitalists
in the Dayton area. She shared with us the different options available
for early-stage funding, such as SBIRs, Third Frontier, Angels, and VCs,
and how appropriate each is to what your technology is, and the level of
risk you are ready and expected to take to commercialize it. Her presentation
provided very helpful tips on the way these funding sources are likely
to look at your business plan.
|The Seminars were also well attended (right),
which made the ITM technology forum a clear success. It was especially
encouraging to spot a few WSU researchers such as Dr. Dawn Wooley (right)
mingling with numerous executives from Industry (below, Dr. Anthony Grady,
CEO of Synerbotic, Dayton; John Lewis, from OMERIS; Myron Leffe, from Leffe & Associates,
Columbus), as well as other academic institutions (Dr. Dorothy Air, Sr.
AVP Entrepreneurship at UC, here with Mark Bruemmer, CEO of NetMotifs,
||Such interdisciplinary and multi-level interaction sows the
seeds to bridging the gap between culturally different entities and
so as to actively foster regional economic development.
The second technology forum “From Invention to Market™” was
meant to be a key convergence event at Wright State University, gathering university
researchers, industry executives, economic development and government leaders
to establish a constructive dialogue aiming to bridge the cultural gap between
organizations sometimes operating on divergent agendas. It is clear that this
goal was met, and I hope that this success will inspire a growing number of
WSU researchers to consider new approaches to research that would combine their
scientific interests with those of the community. Economic growth depends on
Innovation, and Innovation depends on applied as well as basic research. Celebrating
the Promises of Innovation requires the involvement of a growing number of
| I would also like to thank
Conferences & Events, Marketing & Communication, CTL, Printing
Services, and the Student Union administration.
|We hope to see you at
our invention forum “From
Invention to Market 2005”
April 7, 2005
10.30 am-2.30 pm