Title: Marquette
1 Robert Young, CEO Paradigm Sensors Milwaukee,
Wisconsin
Research Scholarship
2Crossing the Technology Valley of Death
3What does it take to get an invention to market?
- Product Development
- Patent(s), Trademark(s)
- Entrepreneur or Entrepreneurial ability
- Business Plan
- Investors, Company
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4Mechanisms for Tech Transfer
- Patents, licensing and various types of
agreements are considered mechanisms for
transferring technology. These mechanisms help
businesses gain access to federal and university
research, technical expertise, and/or special
equipment and facilities in order to promote the
movement of technology into the marketplace - (The National Agricultural Library
http//ttic.nal.usda.gov/nal_display/index.php?inf
o_center6tax_level1tax_subject359).
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5Characteristics of an Entrepreneur
- Good health. Successful entre-
- preneurs must work long hours
- for extended periods of time. When
- they get sick, they recover quickly
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6Characteristics of an Entrepreneur
- A Need to Control and Direct. They prefer
environments where they have maximum authority
and responsibility and do not work well in
traditionally structured organizations. This is
not about power, though. Entrepreneurs have a
need to create and achieve by having control over
events.
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7Characteristics of an Entrepreneur
- Self-confidence. Findings showed that as long as
entrepreneurs were in control, they were
relentless in pursuit of their goals. If they
lost control, they quickly lost interest in the
undertaking.
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8Characteristics of an Entrepreneur
- Sense of Urgency. They have a never-ending sense
of urgency to do something. This corresponds with
a high energy level. Many enjoy individual sports
rather than team sports. Inactivity makes them
impatient.
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9Characteristics of an Entrepreneur
- Comprehensive Awareness. They have a
comprehensive awareness of a total situation and
are aware of all the ramifications involved in a
decision.
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10Characteristics of an Entrepreneur
- Realistic Outlook. There is a constant need to
know the status of things. They may or may not be
idealistic, but they are honest and
straightforward and expect others to be the same.
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11Characteristics of an Entrepreneur
- Conceptual Ability. They have superior
conceptual abilities. This helps entrepreneurs
identify relationships in complex situations.
Chaos does not bother them because they can
conceptualize order. Problems are quickly
identified and solutions offered. The drawback is
that this may not translate well to interpersonal
problems.
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12Characteristics of an Entrepreneur
- Low Need for Status. Their need for status is
met through achievement not through material
possessions.
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13Characteristics of an Entrepreneur
- Objective Approach. They take an objective
approach to personal relationships and are more
concerned with the performance and accomplishment
of others than with feelings. They keep their
distance psychologically and concentrate on the
effectiveness of operations.
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14Characteristics of an Entrepreneur
- Emotional Stability. They have the stability
to handle stress from business and from personal
areas in their lives. Setbacks are seen as
challenges and do not discourage them.
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15Characteristics of an Entrepreneur
- Attraction to Challenges. They are attracted
to challenges but not to risks. It may look like
they are taking high risks, but in actuality they
have assessed the risks thoroughly.
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16Characteristics of an Entrepreneur
- Describing with Numbers. They can describe
situations with numbers. They understand their
financial position and can tell at any time how
much they have in receivables and how much they
owe.
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17Life Cycle of Technology
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32- Taking Handheld Biodiesel Analyzer from
Marquette Lab to Market -
Paradigm Sensors
Robert Young, CEO Milwaukee, Wisconsin
33What makes the case for success when you have a
good product?
Sea Change in U. S. citizens perception of
Foreign Oil Farmers have power in the US Quality
of Air and Warming of Earth Leading to incentives
for production of biodiesel
34The case for coming out with a biodiesel analyzer
at this time
- Accelerated development of biofuel will
positively affect our - Economymore dollars stay home
- Environmentless toxic emissions
- National Securityless dependence on foreign oil
35Global Warming is proven scientifically and
governments start responding to the reality with
incentives for using biofuels.
36- Paradigm Sensors LLC, a Wisconsin-based,early-sta
ge company, using technology developed at
Marquette University, is well positioned to take
advantage of the exponential growth in the
alternative fuel industry by introducing the
first proprietary, IS (Impedance Spectroscopy)
handheld analyzer to test the quality and blend
percent of biodiesel.
37What are key elements to success of your product
as opposed to others in the market?
- Proprietary Product that fills a need in a large
market - First to market
- Sustainability
- Good management team
- Barriers to Entry by others
- Nimbleness
- Investors
- Good Business Plan where the numbers show success
38First to Market
- Well positioned to take advantage of the
exponential growth in the alternative fuel
industry - Introducing the first proprietary, IS
- (Impedance Spectroscopy) hand-held
- analyzer to test the quality and blend
- percent of biodiesel.
39Tests for the following Percent
Blend Total Glycerin Oxidation Methanol
i-Spec - Q100
40i-Spec Hand-held Market Opportunities
41Sustainable
- Over the next 15 to 20 years we may see biofuels
providing a full 25 percent of the worlds energy
needs. - Alexander Müller, assistant director-
- general for the UN Food and
Agricultural Organization
42Nimble Paradigm Sensors technology is not
limited to biodiesel.
43Biodiesel Must Meet Specifications
- Its critical that the fuel (biodiesel) meet
- the specifications. An off-specification
- batch can create problems and a bad
- batch of fuel can be devastating (for
- growth of industry).
-
-
-
-
Jenna Higgins National Biodiesel Board
4459 Out of Spec
- A US fuel quality testing project, co-funded
by NBB and NREL, discovered that 59 percent of
biodiesel samples taken between November 2005 and
July 2006 were out of specification for
incomplete processing, containing trace
quantities of un-reacted di- and
tri-glycerides. -
Lubrication Magazine October 2007 Gary
ParsonsContributor
45Management Team
CEO Robert Young, President Technical Team
Martin Seitz, PhD, BSEE, MSEE Richard Hirthe,
PhD Charles Koehler, PhD and David Wooton, PhD
Marketing Katherine Nelson, Rick Nelson Board
and Advisors Michael Boroch, David Boyer, Laura
King, Bill Steinberg, and Herb Zien Legal
Counsel Cory Nettles, Quarles Brady LLP. Tax
Consultants Virchow Krause, LLC
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48Marquette University PhD, Dick Hirthe, in Vienna,
Austria at the International Biodiesel Congress
in November, 2007
49Robert Young, CEO, with Marquette PhD, Chuck
Koehler in Paradigm Sensors lab.
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51Milestones
- Management Team Assembled
- PPM Completed
- Funding received (500,000 to date)
- IP Strategy launched
- 4 patents (2 US 2 PCTC) and 3 trademarks filed
- Lab Equipment (FTIR and GC) purchased
- Algorithms Developed
- i-Spec Q-100 Introduced in Vienna Austria
- UL Certification and CE Certification to be
completed in March 2008 - Alpha Testing to commence in March 2008
- Orders for i-Spec to be taken and delivered in
Spring 2008 -
52i-Spec - Q100 Paradigm Sensors is filling the
void in the biodiesel testing arena by providing
an easy-to-use, affordable (less than 5000 US),
handheld testing device that takes the
reproducibility of FTIR and GC and puts that into
a handheld analyzer that tests the quality of
your biodiesel with validation results in minutes.
531. Fill and insert cartridge.2. Press
Start.3. Print results in minutes.
The i-Spec Q-100 Is As Easy as 1, 2, 3
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55Quiz Essay In 500 words or less explain your
feelings about technologys impact on our future
alternative fuel market. Email essay to
info_at_paradigmsensors.com by Wednesday.
Robert Young, CEO Paradigm Sensors Milwaukee,
Wisconsin