011217-C4E-IEF2017-Sandler-Commercialization research: Why it matters; What is its impact & the MIT experience?
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The document discusses commercializing research from MIT. It describes the Deshpande Center's mission to use MIT technologies to solve real-world problems by moving innovations from the lab to the marketplace. It outlines the innovation pathway from research to commercialization and discusses how the Center provides funding and mentoring to help faculty and students advance their technologies into startup companies. It also describes assessing and reducing technical and market risks before commercializing a product. The Center has supported over 100 projects in its 15 years of operation, resulting in 33 startups that have raised $700 million and hundreds of employees. Successful spinouts include companies in areas like batteries, medical devices, and water treatment.
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011217-C4E-IEF2017-Sandler-Commercialization research: Why it matters; What is its impact & the MIT experience?
- 1. Commercializing Research Why it matters. The impact and MIT experience? Leon Sandler MIT Deshpande Center for Technological Innovation November 28, 2017
- 2. • Create impact through technological innovation o Use MIT technologies to solve real world problems o Move the technologies from the lab to the marketplace o Stimulate innovation 3 Deshpande Center Mission Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 3. 5 Design Based Research Based (Science)Use existing technologies with new combinations Develop new technologies Technological Innovation Engineering Based • Difficult - Long Time to Market • Big Impact on Society Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 4. 7 Innovation Pathway Research ProductInvention - Validate - Mature - Reduce risk Commercialize Real Word Problems Market INNOVATION Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 5. 8 • Grant funds and mentoring to faculty and students • Advance their technologies so they can leave MIT into startup companies What we do Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 6. 9 Deshpande Grant program Industry Events / Awareness Investors Market discovery Direct Select Connect Entrepreneurs Mentors Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 7. » Technology risk » Market risk Commercial Enterprise 10 The Innovation Gap Product $ $$$$$ Copyright 2017 Leon Sandler, Massachusetts Institute of Technology » Technology risk » Market risk
- 8. 11 • What is the market problem to be solved? • What is important to the market/customers? • Will the product be competitive, so people will buy it? • Technical performance requirements? Market Risk Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 9. 12 • Is this technically feasible? o Can you prove the key technologies work? o Need data from experiments • What is the likely performance range? o Is it within the range required by the market? Technical Risk Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 10. Invention Proof of concept Proof of Product & Market Spinout company Large company 13 MIT Technical & Market Validation Commercial World Produce and Sell 1-4 years Industry 2-8 years Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 11. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 15
- 12. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 16
- 13. After the innovation 17Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 14. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 18
- 15. 19 2006 IDEA Energy created when sun shines and wind blows Store energy to use later Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 16. 20 2006 IDEA Aluminum Smelter -> Molten Metal Battery
- 17. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 21 Molten Metal Battery Mg Salt SaltMg-Sb Alloy Mg-Sb Alloy Discharged Charged
- 19. 23 2010 SPINOUT 2015 PRODUCT
- 20. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 24 • Insert in doctors office • Delivers medication for 3 weeks • Easy to remove Device for Delivery of Drugs to Bladder
- 21. 26
- 22. 27
- 24. 30 ETA
- 25. • 15 years • 500 proposals • 133 projects supported • $17 million of grants funded Results • 400+ faculty/students and 100+ volunteers • 33 start-ups • $700 million capital raised, hundreds of employees 31 History Copyright 2017 Leon Sandler, Massachusetts Institute of Technology
- 26. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 32
- 27. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 33
- 28. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 34 • batteries, cancer therapy, database software, dental imaging, drug delivery, eye testing, • food ripeness sensors, medical devices, membranes, molecular diagnostics, power electronics, • quantum dots, simulation software, surface coatings, water treatment Spinout products and markets
- 29. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 35 • People who want to solve problems and bring products to market • Interactions with market & customers • Ecosystem to support innovation and entrepreneurship • Guidance & mentoring Lessons learned – keys to success
- 30. Copyright 2017 Leon Sandler, Massachusetts Institute of Technology 36