The presentation discusses the path to commercializing technologies through stages of basic research, prototype development, company formation, and product growth. It notes that government innovation funds and angel investors can provide financing during the proof of concept and prototype development stages. The presentation emphasizes that failure during commercialization attempts should not be seen as fraud but rather as an accepted part of the process of achieving innovation goals.

1. Path to Commercialization
Almaty Kazakhstan
Intro from presenter, Tom Nastas
This presentation followed the presentation delivered by Andreas Martin, member,
Int’l Science & Commercialization Board; the results of the 1st tender and selection
of the ten groups awarded $10.5 million in grants for technology development,
proof of concept funding and commercialization. You can view his presentation at
this link, http://www.slideshare.net/TomNastas/grant-awards-kazakhstan-tech-
commercialization-project
This presentation is not a stand-alone since it does not contain the audio portion of
my talk. Please contact me to receive an explanation of the presentation at
Tom@IVipe.com or leave a comment to me at www.scalingupinnovation.com
Be well and be lucky
Tom Nastas
www.IVIpe.com
Info@IVIpe.com

2. Path to Commercialization
Almaty, Kazakhstan
17 June 2011
Thomas D. Nastas
Member, International Science &
Commercialization Board
Tom@IVIpe.com
www.scalingupinnovation.com
www.IVIpe.com
Innovative Ventures Inc. www.IVIpe.com
Info@IVIpe.com Haslett, MI. USA

3. Path to Commercialization
Company Product
formation (series launch &
Proof of growth
Basic & concept & A/B)
applied bench Prototype
research model Licensing or
selling IP
20 November 2009

4. Finance Chain
Research Funding Government Innovation Funds Angel Investors Venture Capital
Company Product
formation (series launch &
Proof of growth
Basic & concept & A/B)
applied bench Prototype
research model Licensing or
selling IP
20 November 2009

6. www.IVIpe.com
Info@IVIpe.com

7. “Croatia is a Country of
Savers, not Investors”
‘Capital Preservation’
www.IVIpe.com
Info@IVIpe.com

8. Investors buy Risk, Not
Opportunity
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Info@IVIpe.com

9. Uncertainty

10. What’s Common Here?
$8B-$10B
$300B
$50B $7B-$10B

11. Grants Build Experience-
Acceptance to Failure
20 November 2009

12. Five years & 5000 prototypes to
achieve goal: vacuum cleaner that did
not lose suction.
£920MM
“By the time my 3rd child Sam was
born, I made my 15th prototype.”

13. 16-19 November 2009 www.IVIpe.com
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14. www.IVIpe.com
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15. Failure≠Fraud
≠

16. Wealth & Job Creation-Past
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17. Wealth & Job Creation-Future
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18. New Biz Models
www.IVIpe.com
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19. Thomas D. Nastas
Tom@IVIpe.com
www.IVIpe.com
Tel. +1.517.899.1432
Innovative Ventures Inc. Haslett, MI USA
www.IVIpe.com
Info@IVIpe.com