a mentoring program at - PowerPoint PPT Presentation

1 / 17
About This Presentation
Title:

a mentoring program at

Description:

Business audit and gap analysis. Coach accepted companies on business model, marketing ... Legal and financial advice, raising angel-, seed- or venture capital ... – PowerPoint PPT presentation

Number of Views:21
Avg rating:3.0/5.0
Slides: 18
Provided by: dayt2
Category:

less

Transcript and Presenter's Notes

Title: a mentoring program at


1
  • a mentoring program at
  • CONNECT

2
About 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

3
What 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

4
What 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

5
Springboard 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
  • Go-to-market strategy
  • Cohesive financial model
  • Stronger strategic plan
  • Realistic funding strategy/readiness for
    investment
  • Expanded network
  • Feedback on a specific business challenge

7
Whats 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

8
Success 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

9
Additional 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

10
What 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

11
Springboard 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

12
Commercialization 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
  • Tech-transfer/Spin-out

13
Springboard Graduate Tracking
14
Early 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

15
Springboard 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.

16
Sponsor 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

17
Not 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
18
Not without YOU!
Let us help you compete ! !
JOIN THE FUN !
19
Entrepreneurs-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

20
Entrepreneur-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

21
Domain 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
Write a Comment
User Comments (0)
About PowerShow.com