Title: a mentoring program at
1- a mentoring program at
- CONNECT
2About Today
- Springboard, the mentoring program at CONNECT
- How to cross the Valley of Death guided by
Entrepreneurs-in-Residence - How to assess the commercialization potential of
your discovery - Get feedback, recommendations and introductions
from domain experts - How to expand your network of industry partners,
capital- and service providers
3What is CONNECT?
- Focused on promoting the growth of technology and
life science businesses in San Diego - First stop for all San Diego discoveries,
inventions - Founded by UC San Diego in 1985, now an
independent non-profit organization
4What is Springboard?
- Program for life sciences high-tech companies
in all stages of development focused on promoting
the growth of technology and life science
businesses in San Diego - First to serve academic institutions, technology
or science-based companies and entrepreneurs - Open to any company not just CONNECT members
5Springboard The Process
- A 3 to 5 month process tailored to achieve the
clients goal -
Business coaching by CONNECT EIRs
Discipline to define business opportunity
Springboard Panel presentation
6- Stage
- Concept
- Technology Transfer
- Product Development
- Commercialization
- Inflection Point
Entrepreneurs- in-Residence
Springboard Panel
Business AuditGap AnalysisPresentation Coaching
FeedbackConnections
Potential Outcomes
- Feedback on commercial potential of technology
- Compelling business presentation
- Evaluation of Management Team
- Realistic funding strategy/readiness for
investment
- Feedback on a specific business challenge
7Whats in it for the innovator?
- The Mentor Entrepreneur-in-Residence (successful
C-level executive), plus - Access to CFOs, Marketing- and domain expertise
- Springboard Resources
- Financial Modeling, Valuation training, Marketing
workshop, etc. - Tools
- Investor Pitch, Executive Summary, Business Plan,
Budget - Go-to-market Strategy, Funding Strategy
- Springboard Panels
- Feedback on business model, evaluation of
management team, business challenges - Introductions to potential investors, strategic
partners, customers - CONNECT
- Expanded Network of industry partners, venture
capital, service providers
8Success Stories
- Over 300 technology companies have completed the
process since 1993 - Nearly 120 companies have completed the
Springboard program since January 2005 - More Than 75 were still doing business as of
December 2008
9Additional programs for Innovators
- Chairmens Roundtable
- CommNexus - NextStage
- Pacific Community Ventures
- San Diego Software Industry Council (SDSIC)
- San Diego Venture Group (SDVG)
- San Diego Inventors Forum
- Angel Networks TCA, the Private Capital Network
- These programs are complementary toSpringboard,
not competitive
10What sets US apart?
- Adaptable program to meet the clients needs
- More than 80 EIRs and 100 domain experts
- Panelists Access to more than 1000 angels, VCs,
service providers and senior executives serving
the high-tech/life science industries - The Springboard Process
- Multi-step discipline and tools to define
business opportunities - The CONNECT Network
- More than 3000 contacts across industries and
academia - Complementary programs to help span the chasm
11Springboard Outcomes
- Business audit
- Gap analysis
- Expanded network
- Compelling business presentation
- Cohesive financial model
- Feedback on commercial potential
- of technology
- Evaluation of management team
- Go-to-market strategy
- Stronger strategic plan
- Feedback on a specific business
- challenge
- Realistic funding strategy/readiness
- for investment
- Referrals to strategic partners, potential
customers, - management talent and venture capital
12Commercialization Financing
Deal Network
Venture Roundtable Investor Forums
- Best-in-class deals
- Scrubbed by VCs
- Exclusive events
- Introduction to
- individual investors
SPRINGBOARD
- Life Sciences
- Clean-tech
- High-tech
- Cyber/Security
- VC fundable
- SD Region
Early Technology Business Assessment
- EIR Program
- Springboard Process
- Springboard Panels
- Springboard in the Box
13Springboard Graduate Tracking
14Early Technology Business Assessment
-
- EIRs assist Tech Transfer offices and corporate
clients to identify - commercialization potential of research
discoveries - Format Special Springboard EIR analysis,
coaching and panels - Faculty members present the discovery,
applications - 15 minute presentation, 15 minute QA
- 3-4 presentations per event
- EIRs render recommendations
- EIRs assigned to mentor faculty
15Springboard in the Box Springboard
International Fellowship Program
- CONNECT has developed programs to assist other
regions with - the commercialization of technology.
- Springboard in the Box is a set of best
practices and tools - that support the Springboard process
- Can be taught as a half day course at CONNECT
(basic package) - Off-site, to a CONNECT-like organization
outside of San Diego - (remote package).
- CONNECT also offers a Train the Trainer
program - the Springboard International Fellowship Program
- where trainers work along side Springboard staff
to learn - all phases of the Springboard program.
16Sponsor Benefits
- Springboard Sponsor Benefits - 5,000
- One seat on the Springboard Executive Committee
- 3-4 Springboard panels hosted at sponsors
facilities - Opportunity to attend 3-4 additional Springboard
panels (hosted by other sponsor) - Opportunity to host 2 EBA programs
- 2-3 Entrepreneurs-in-Residence Meetings held at
sponsors facility - Logo/company name on Springboard Brochure and
other printed collateral, panel invitations and
signage - Springboard Sponsor Benefits - 10,000
- One seat on the Springboard Executive Committee
- One seat on the Springboard Financing Advisory
Council - 5-6 Springboard panels hosted at sponsors
facilities - Opportunity to attend 4-5 additional Springboard
panels (hosted by other sponsor) - Invitation to scrub EBA, Springboard, Venture
Roundtable and cluster deals - Participate in regular Finance Advisory Council
screening sessions to spotlight the best-in-class
companies and guide them to qualified potential
investors - Opportunity to build an investor database and
exclusive access to a national, searchable
keyword database of profiled investor contacts - Opportunity to host 2 EBA programs
- 2-3 Entrepreneurs-in-Residence Meetings held at
sponsors facility - Logo/company name on Springboard Brochure and
other printed collateral, panel invitations and
signage
17Not without YOU!
- Client referrals
- Springboard program as first stop
- for all San Diego discoveries, inventions
- Serve as panelists
- Exposure to cutting-edge innovators
- Provide advice and introductions
- Recommend us to potential new EIRs
- Increased Springboard expertise
JOIN THE FUN
18Not without YOU!
Let us help you compete ! !
JOIN THE FUN !
19Entrepreneurs-in-Residence (EIR)-Expectations
Requirements
- Benefits
- Mentor entrepreneurs and future innovators
- Network with entrepreneurs, service providers,
VCs and domain experts - Attend/participate in CONNECT program events
(MITEF, FrameWorks, Frontiers) - Activities
- Initial Intake Session (scrub and decision)
- Assess and identify the appropriate SB category
- Business audit and gap analysis
- Coach accepted companies on business model,
marketing strategies and financial modeling - Pull domain experts into the coaching process as
needed - Assist in identifying panelists (dry-run and
final) and attend panel presentations - Assist in providing post-panel action plans and
milestones for future development
20Entrepreneur-in-Residence (EIR)-Expectations
Requirements (contd)
- Requirements
- Serve based upon experience as a CEO or C-level
executive - Assist clients in the acquisition of resources
- Legal and financial advice, raising angel-, seed-
or venture capital - Commit appropriate time to coach clients
- Approximately 10 hrs/week for up to 6 months
- Upon invitation only, join the client company to
complement the leadership team - Refrain from soliciting for-fee consulting
services during the program period - Maintain the highest standards of integrity with
regard to confidential client information
21Domain ExpertsExpectations Requirements
- Domain Experts
- Serve based upon specific expertise in a
particular industry or profession - Serve on dry-run panels
- Support EIRs in coaching process
- Maintain the highest standards of integrity with
regard to confidential client information