We recently announced the launch of Trilumen, and the execution of a license from Johns Hopkins University's Applied Physics Lab for a 3D scanning technology. I'm excited about the technology and our partnership with Direct Dimensions in Maryland - and industry leader in the 3D scanning market.
As we craft and execute the Trilumen business plan, I'm once again seeing how important it is to develop an innovative business model around a licensed technology. The technology is critical and requires tremendous innovation, but as with many technology transfer deals, the university has already done years of hard work on technology innovation.
But now, I believe our business model will determine if the company is successful, and how successful it is. And, for me, working with my partners to come up with an "this could be really big" business model is the fun part. And it may even pay off someday! The next step - executing the model!
Tuesday, October 27, 2009
Thursday, September 24, 2009
Coming Out of Hibernation
Since the summer vacation season ended I have had a lot of referrals and calls from cashed out entrepreneurs who are looking for their next startup project. It's hard to say if it is just due to the time of year and word getting out about our Entrepreneur Match program, or if it is something else. But many of these entrepreneurs tell me they have been "on the sidelines" for a year or more. Apparently they feel that this is the time to get back in the game.
Ok, it may seem obvious that the economy is probably at the bottom and now is a good time to start a business. A lot of media pundits are saying that. But I don't always have a lot of confidence in what the pundits say. These entrepreneurs have all built and sold companies, created jobs and created wealth. They are real experts, and the kind of people who really are going to turn this economy around. If they think it is time to get back in the game, I have a much higher level of confidence that a true recover is coming!
Ok, it may seem obvious that the economy is probably at the bottom and now is a good time to start a business. A lot of media pundits are saying that. But I don't always have a lot of confidence in what the pundits say. These entrepreneurs have all built and sold companies, created jobs and created wealth. They are real experts, and the kind of people who really are going to turn this economy around. If they think it is time to get back in the game, I have a much higher level of confidence that a true recover is coming!
Friday, August 28, 2009
Starting a Blog
It's hard to believe we are approaching the 2nd anniversary of the start of InnovateTech Ventures. It has been an exciting, fun (at times, challenging) two years and I've very proud of all that we accomplished.
We set out to introduce a new model to the university tech transfer community - working with universities throughout the nation to create tech transfer start ups with highly experienced management teams. Some will argue that this is not a new model (some VC firms do this, big universities like MIT do it in house etc.), but we are bringing new innovations to the process and have created a national, scalable model. In later blogs I'll talk about some of the success we are having, and how the model is evolving.
One goal, going into our third year, is to communicate more broadly with our market and stakeholders. Hence this Blog. We'll also be starting an e-mail newsletter and other communication efforts. Let me know if you have any suggestions.
We set out to introduce a new model to the university tech transfer community - working with universities throughout the nation to create tech transfer start ups with highly experienced management teams. Some will argue that this is not a new model (some VC firms do this, big universities like MIT do it in house etc.), but we are bringing new innovations to the process and have created a national, scalable model. In later blogs I'll talk about some of the success we are having, and how the model is evolving.
One goal, going into our third year, is to communicate more broadly with our market and stakeholders. Hence this Blog. We'll also be starting an e-mail newsletter and other communication efforts. Let me know if you have any suggestions.
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