OCAST

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OCAST Technology Commercialization

• Dan Luton
• Oklahoma Center for the Advancement of Science
  and Technology (OCAST)
• 6th Annual NIH SBIR/STTR National ConferenceJune
  23 24, 2004

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OCASTs Mission

• TO FOSTER INNOVATION IN EXISTING AND DEVELOPING
  BUSINESSES
• By supporting basic and applied research
• By facilitating technology transfer between
  research laboratories and firms and farms
• By providing seed-capital for new innovative
  firms and their products, and
• By fostering enhanced competitiveness in the
  national and international markets by small and
  medium-sized manufacturing firms in Oklahoma by
  stimulating productivity and modernization of
  such firms.

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Technology Pipeline Programs Concept to
Commercialization
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Oklahoma Technology Commercialization Center

• The Tech Center is operated for OCAST through a
  contract with i2E, Inc. a private not-for-profit
  corporation
• The Tech Center assists start-up and existing
  advanced technology companies commercialize new
  technology by providing services such as
  feasibility studies, marketing plans, business
  plans and access to early stage risk capital.

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OCAST Technology Business Finance Program (TBFP)

• i2E, Inc. also operates the OCAST Technology
  Business Finance Program
• The TBFP program provides limited (100K -
  150K) pre-seed financing for qualified start-up
  advanced technology firms.

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Technology Commercialization

• Step 1. Determine where the company is in the
  commercialization process
• Is there a thing to show investors?
• Is there an established revenue stream?
• Who owns the intellectual property?
• Is there interest in the technology?
• Are there manufacturing capabilities?

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Technology Commercialization

• Step 2. Conduct basic needs assessment
• What does the company need to survive what are
  the goals?
• Revenue
• Management/business support
• Additional RD capital
• Assistance with transitioning technology into a
  government program

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Technology Commercialization

• Step 3. Develop a set of next step action items
  based on the needs assessment
• Locate a partner
• Locate and hire a business manager
• Restructure/reorganize
• Etc.

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Technology Commercialization

• Step 4. Introduce company to a technology
  resources group business mentoring
• Group of professionals from a variety of
  disciplines who can provide technical, marketing
  and business development services needed by high
  tech start-up companies

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Technology Commercialization

• Stage I Assessment
• Business Model Review
• QuickView Analysis
• Roadshow Introduction

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Technology Commercialization

• Stage II Validation
• Final Business Model Review
• Valuation Workshop
• Roadshow Workshop
• Oklahoma Capital Network Introduction

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OCAST

• For more about OCAST programs,
• website www.ocast.state.ok.us
• phone [phone] ext 232
• toll free 866-265-2215 ext 232
• e-mail dluton_at_ocast.state.ok.us