Jan
16
Wed
2019
i²c Founder & Investor Talk #45 – TUW Alumni Edition: “3 Start-ups, 3 Different Outcomes ” by Nicholas Trieb @ TU Wien, EI 10 Fritz Paschke Hörsaal
Jan 16 @ 5:30 pm – 7:30 pm

Abstract

Starting and scaling companies is probably one of the most difficult experiences you will ever have in your life. Nicholas Trieb, a TU Wien Alumni, has first-hand experience of failure (losing a startup before even starting), successfully exiting the startup tripwolf, and helping lead TourRadar to a $50 million dollar investment and scaling the company to over 200 people in 3 different office locations (Vienna, Toronto and Brisbane). In his talk, Nicholas will discuss his journey, key lessons learned and how important it is to pivot to new directions fast to help successfully grow your company.


Biography

Nicholas Trieb was born in Vienna, Austria and grew up in Austria, Costa Rica and the United States. He holds a Masters (with distinction) in Computer Science from the Technical University of Vienna and spent the year between his Bachelors and his Masters in India working for the 4th-largest Indian IT consulting firm (Satyam Computer Services). After his studies he spent a year at the consulting firm Capgemini before co-founding tripwolf and successfully selling the company to a renowned German publishing house. Over the past 4 years Nicholas was the COO of TourRadar helping lead the company to its $50m dollar Series C investment and growing the company to 200+ people in 3 office locations (Vienna, Toronto, Brisbane). As chief operating officer, Nicholas is responsible for overseeing the day-to-day operations at TourRadar, with a special focus on the product & technical side of the company.

 


Note

The Founder & Investor Talks organized by the Innovation Incubation Center (i²c) at TU Wien enable the audience to learn first-hand from experienced founders and investors. They share their international experiences, dos and don’ts and lessons learned during inspiring talks and answer questions in interactive Q&A-sessions. The talks are concluding with the possibility for networking with like-minded people accompanied by some free drinks. With the TU Wien Alumni Edition, the i²c wants to showcase especially TU Wien alumni, who decided to take the entrepreneurial path and offer an extra stage for their success stories.


Free entry but registration is necessary!

***During the event, photographic and video material will be taken. Please inform the i²c team at the venue in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c in printed and electronic media for promotional purposes.***

Mar
6
Wed
2019
i²c Founder & Investor Talk #46: “”…and then we were called a unicorn.” – The 3 secrets to succeed as a start-up” @ EI 10 Fritz Paschke Hörsaal, Ground Floor, TU Wien
Mar 6 @ 5:30 pm – 7:30 pm

Abstract

“Ideas don’t make you rich. The correct execution of ideas does.” is a famous quote by billionaire Felix Dennis. Most young entrepreneurs are driven by the great passion for their ideas, some love the vibrant spirit of a startup-culture and a few just want to become super-wealthy very quickly. Who of them will succeed, who of them will fail? How to balance product, sales, team, financing,…? Wolfgang Platz, founder of Tricentis, shares his experiences and findings on the way to build an Austrian unicorn.


More about Wolfgang Platz

Wolfgang Platz brings over 20 years of technology experience to Tricentis. Wolfgang founded Tricentis in 2008 as a testing consultancy and laid the cornerstone for the development of our enterprise software testing product, Tricentis Tosca. Today, he is responsible for global product management, R&D and delivery of product-related support and services to our customers. Prior to Tricentis, Wolfgang was at Capgemini as a group head of IT development for one of the world’s largest IT insurance-development projects. There, he was responsible for architecture and implementation of life insurance policies and project management for several projects in banks. Wolfgang holds a Master’s degree in Technical Physics as well as a Master’s degree in Business Administration from the Vienna University of Technology.

 


Note

The Founder & Investor Talks organized by the Innovation Incubation Center (i²c) at TU Wien enable the audience to learn first-hand from experienced founders and investors. They share their international experiences, dos and don’ts and lessons learned during inspiring talks and answer questions in interactive Q&A-sessions. The talks are concluding with the possibility for networking with like-minded people accompanied by some free drinks. With the TU Wien Alumni Edition, the i²c wants to showcase especially TU Wien alumni, who decided to take the entrepreneurial path and offer an extra stage for their success stories.


Free entry but registration is necessary!

***During the event, photographic and video material will be taken. Please inform the i²c team at the venue in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c in printed and electronic media for promotional purposes.***

Mar
12
Tue
2019
Spinning-out @TUW – the journey you are likely to experience @ Innovation Incubation Center
Mar 12 @ 4:00 pm – 6:00 pm

“Great CEOs face the pain. They deal with the sleepless nights, the cold sweats, and what my friend the great Alfred Chuang (legendary co-founder and CEO of BEA Systems) calls “the torture.” Whenever I meet a successful CEO, I ask them how they did it. Mediocre CEOs point to their brilliant strategic moves or their intuitive business sense or a variety of other self-congratulatory explanations. Great CEOs tend to be remarkably consistent in their answers. They all say, “I didn’t quit.” ‘’ Ben Horowitz, author The Hard Thing About Hard Things

Being a first-time founder has its blessings and its courses. During this session, we want to talk about the realistic goals of embarking on the exciting and challenging journey of starting your first business. Especially if you have been working in the academia for the past years and you want right now to make the leap and start your own company based on your research results, you will have a better experience starting a spinout if you are armed with some expectations about your likely journey. Spinning-out requires a clear time and usually also money commitment, and its success highly depends on the founder team’s passion, irrational optimism and deep faith the technology they’ve developed. From writing their first business plan to their first investment and scaling up, 4 founders from 4 different TU Wien- affiliated companies in different stages share their experience with transforming their research into successful products or services.

 

 Andras Gallffy (Turbulence Solutions)

DI András Gálffy is founder and managing director of Turbulence Solutions GmbH. In his Diploma Thesis he revealed a fundamental phenomenon of flig ht control, which allows to suppress turbulence effects in flight. His PhD research focuses on further improving this technology pursuing the vision of making flights turbulence-free. He founded Turbulence Solutions for handling intellectual property in a transparent way and bringing academic results to industrial application.

 

 

Denise Mandt (upnano)

After her graduation from higher technical college for Material Science, she studied extra-occupationally Biomedical Engineering with focus on Cell and Tissue Engineering at the University of Applied Science Technikum Wien. Based on her material science and biological background she is the interface to customers from industry and research. She is responsible for Marketing and Sales and represents the company to the outside world.”

 

 

 

Wieland Reichelt (Evologic Technologies)

Dr. Wieland Reichelt coordinates the business development and research efforts and is the main operator interface to the advisory board. In an iterative process, the overall business and & strategy is continuously challenged by our business development and scientific advisory board, adapted and sharpened to keep the venture within budget and on schedule. His main technical expertise lies in translating academic approaches into industrial solutions for pharmaceutical bioprocesses. Since the founding of Evologic Technologies, he has overseen financing efforts, conceptualized the R&D strategies and successfully translated them into IP as well as into several highly competitive grants.

 

Lisa Smith (Prewave)

Dr. Lisa Smith is co-founder and managing director of Prewave. After completing her PhD at the faculty for Computer Science at Vienna University of Technology in 2017 she founded Prewave based on a technical prototype developed in her PhD research. Prewave is a data analytics startup that detects and predicts supply chain risks based on social media and news data. Today, the Prewave team consists of six members who develop innovative data products for the supply chain, insurance and financial market.

 

 

Note:

This workshop is organized by the TU Wien Innovation Incubation Center (i²c) in collaboration with the Research and Technology Transfer Office and is for TUW scientists only. There is no fee, but registration is required via  https://bit.ly/2EwlZsG

During the event, photographic and video material will be taken. Please inform the TUW Innovation Incubation team at the registration in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c for printed and electronic media, including the Internet, for publication, education, lectures, radio, public performances, exhibitions or other promotional purposes.

Mar
20
Wed
2019
i²c Founder & Investor Talk #47: “Fail fast. Fail forward. Not really.” by Dejan Stojanovic @ EI 10 Fritz Paschke Hörsaal, Ground Floor, TU Wien
Mar 20 @ 5:30 pm – 7:30 pm

Abstract

Dejan Stojanovic will talk about his journey of leaving a promising career in a corporate and law firm and creating his own entrepreneurial world. He will share the fuckups and learnings he took away from founding his first start-up crowd-o-moto. Dejan will reveal his experiences in the Silicon Valley and why he thinks we could do much better than the Americans. Furthermore, he is going to explain the reasons he founded the Fuckup Nights Vienna and give insights into the biggest failures from young entrepreneurs as well as big corporates.


More about Dejan Stojanovic

Dejan is a passionate entrepreneur and supporter of the Austrian startup ecosystem. His personal conviction that failure is the mother of innovation, motivated him to start and host the Austrian version of “Fuckup Nights.” This groundbreaking series of events introduces the U.S. perspective of a healthier startup and business culture, where business failure stories are publicly shared and questioned while the learning effects are celebrated. Due to his extensive experience in entrepreneurship and error culture, Dejan has landed coverage in different print and broadcast outlets in Austria while also being invited to give speeches at venues such as TEDx Klagenfurt, the Austrian Chamber of Commerce, BMW Startup Garage and Urban Future Global Conference. Dejan holds a master’s degree in law from the University of Vienna.


Note

The Founder & Investor Talks organized by the Innovation Incubation Center (i²c) at TU Wien enable the audience to learn first-hand from experienced founders and investors. They share their international experiences, dos and don’ts and lessons learned during inspiring talks and answer questions in interactive Q&A-sessions. The talks are concluding with the possibility for networking with like-minded people accompanied by some free drinks. With the TU Wien Alumni Edition, the i²c wants to showcase especially TU Wien alumni, who decided to take the entrepreneurial path and offer an extra stage for their success stories.


Free entry but registration is necessary!

***During the event, photographic and video material will be taken. Please inform the i²c team at the venue in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c in printed and electronic media for promotional purposes.***

Apr
10
Wed
2019
How to receive your fair share of equity @ TU the Sky
Apr 10 @ 4:00 pm – 6:00 pm

The most successful ventures are founded by entrepreneurial teams rather than individual entrepreneurs, but a large founder team can be problematic as well. In the special case of establishing a university spin-out, the number of founders is likely to be higher, the team members fulfill various roles and have a different level of commitment to the day-to-day running of the company. As a provider of resources and permissions, you can expect the university to become a significant shareholder as well. Splitting the equity equally among university and/or founder researchers might be detrimental to the spin-out in the long-run. So how to make sure everyone gets his/her fair share of equity?

This workshop covers important topics like the size of the shareholding, how to split founder equity dos and don’ts and possible consequences, how to tackle founders who don’t commit 100% or want to continue their academic path as well as provide you with some tools to ease the process of splitting the founder’s pie.

At the end of the workshop you will:

  • have a good overview on what obstacles to avoid when founding a university spin-out
  • know what to expect when negotiating with your university
  • have gained some insights on how to structure your next steps

 

Lecturer:

Werner Wutscher

Werner Wutscher has many years of experience in top management positions in public service administration and corporate management. In the last few years, he has invested in startups and shared his knowledge and experience as a Business Angel („Austrian Business Angel of the Year 2012“). Understanding both worlds puts him in an excellent position to bridge the gap between corporations and startups.

 

NOTE:

During the event, photographic and video material will be taken. Please inform the TUW Innovation Incubation team at the registration in case you do not agree with appearing in this material.

The photographic and video material taken at the event will be used by i²c for printed and electronic media, including the Internet, for publication, education, lectures, radio, public performances, exhibitions or other promotional purposes.

i²c Founder & Investor Talk #48: “Runtastic: From start-up to grown-up, from founder to business angel” by Alfred Luger (Runtastic) @ EI 10 Fritz Paschke Hörsaal
Apr 10 @ 5:30 pm – 7:30 pm
i²c Founder & Investor Talk #48: "Runtastic: From start-up to grown-up, from founder to business angel" by Alfred Luger (Runtastic) @ EI 10 Fritz Paschke Hörsaal

Runtastic is one of the world’s number one health and fitness apps and managed to put Austria on the big-money tech acquisitions map after they were acquired by sportswear brand Adidas Group for €220 Mio. The idea for Runtastic was born in 2009 during a college project and developed into the running app for leisure athletes by the four co-founders, René Giretzlehner, Florian Gschwandtner, Christian Kaar, and Alfred Luger and since then they have been focusing on accompanying and supporting the users on their journey to a better, healthier and more conscious lifestyle. In 2013 the German media corporation Axel Springer acquired 50.1% shares at a valuation of 22 Mio. Today Runtastic encompasses over 23 nationalities and 110 employees and has a mix of software (apps) and hardware products.

As COO and co-founder of Runtastic, Alfred Luger, in addition to managing the company finances and HR topics, is also responsible for all Marketing topics and organizational development at Runtastic. Recently he joined the digital management team at adidas together with his co-founder Christian.

In his talk Alfred will touch topics like the startup & acquisition phases they underwent with Runtastic, his learnings as a founder and then manager and since he is also acting as a business angel (e.g. tractive, linemetrics, cleen energy mimo) and investor in the startup community (e.g. Startup 300, Speedinvest, capital 300) his learnings as an active business angel and investor.

 

 

Note

The Founder & Investor Talks organized by the Innovation Incubation Center (i²c) at TU Wien enable the audience to learn first-hand from experienced founders and investors. They share their international experiences, dos and don’ts and lessons learned during inspiring talks and answer questions in interactive Q&A-sessions. The talks are concluding with the possibility for networking with like-minded people accompanied by some free drinks. With the TU Wien Alumni Edition, the i²c wants to showcase especially TU Wien alumni, who decided to take the entrepreneurial path and offer an extra stage for their success stories.


Free entry but registration is necessary!

***During the event, photographic and video material will be taken. Please inform the i²c team at the venue in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c in printed and electronic media for promotional purposes.***

May
15
Wed
2019
i²c Founder & Investor Talk #49: “From pitch to investment and beyond – our experiences with founders and co-investors” @ EI 10 Fritz Paschke Hörsaal, Ground Floor, TU Wien
May 15 @ 5:30 pm – 7:30 pm

Abstract

If you watch the various pitching shows on TV, you could get the feeling that an investment in a start-up is fixed after 5 minutes. Or even not. Investors don’t need any longer to make their decision. Start-ups don’t anyway. Everybody likes each other. Believes in the idea. Ask a few questions about figures and the market. Agrees on shares and price. And everything is “paletti”. Until the big exit all positive and friendly. On the contrary, our experience says so: Bullshit. Before the investment and after the investment there are various hurdles to overcome which need time & patience. Let´s talk about them.


More about Karin Kreutzer and Stefan Artner

Karin Kreutzer, MAS is the founder and CEO of AUBMES Invest GmbH, startup investor/business angelina and communication expert. Since 2015 she is active in the startup scene (investor, business angel, columnist) and has 25 years of joyful commitment to communication management (PR, advertising, coaching). Prior to that she spent many years in leading functions in large and medium-sized companies (Aral, Grundig, Generali), since 2002 she is self-employed (until 2017 owner and CEO of the pr agency konzept pr). She holds a Master of Advanced Studies (PR) and is a certified business coach and advertising consultant/intermediary. She is author of several publications. AUBMES Invest GmbH is currently invested in 8 startups and in the SpeedInvest industry fund.

MMag. Stefan Artner, MRICS, is the founder and CEO of AUBMES Invest GmbH, startup investor/business angel and attorney-at-law. Since two decades he is active as lawyer for national and international clients (partner and head of the real estate practice group at DORDA: real estate, M&A, corporate law). Since 2015 he is also active in the startup scene (investor, business angel, advisor). He holds a law degree from the University of Vienna, an economics degree from the Vienna University of Business and studied International Property Valuation at the European Business School. He is holding lectures at University of Vienna and Danube University Krems and he is author of several expert publications on real estate law and corporate law.


Note

The Founder & Investor Talks organized by the Innovation Incubation Center (i²c) at TU Wien enable the audience to learn first-hand from experienced founders and investors. They share their international experiences, dos and don’ts and lessons learned during inspiring talks and answer questions in interactive Q&A-sessions. The talks are concluding with the possibility for networking with like-minded people accompanied by some free drinks. With the TU Wien Alumni Edition, the i²c wants to showcase especially TU Wien alumni, who decided to take the entrepreneurial path and offer an extra stage for their success stories.


Free entry but registration is necessary!

***During the event, photographic and video material will be taken. Please inform the i²c team at the venue in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c in printed and electronic media for promotional purposes.***

May
16
Thu
2019
Fundamentals of Entrepreneurship – EVENT CANCELED @ TUW Innovation Incubation Center
May 16 @ 1:30 pm – 3:30 pm

Entrepreneurship is both an attitude and a mindset. It’s about passion and doing what you love. It’s about creating value and gaining independence. It’s about challenge, risk, persistence, and the ability to innovate – to improve on the old or invent the new. It is not for those who hate ambiguity or want everything in black and white. It is for the self-motivated, independent, persistent individual who has a sense of humor and can learn and bounce back from adversity. We will further discuss how to start and manage a business, develop and validate a concept, recruit a team, fund the organization, and grow the company.

The workshop traces new venture creation from idea generation and validation through opportunity recognition, development, and monetization. We will examine how to determine if a specific concept merits in-depth feasibility assessment and gain a conceptual understanding of the entrepreneurial process as a whole, including topics such as testing/adapting a business concept, defining a market entry strategy, understanding the target market, developing a business model, as well as sources and uses of capital and financing an enterprise.

This workshops is held by a Venture Capitalist from the US and focuses strongly on the US market.

 

At the end of this workshop, you will have an initial understanding of how to identify opportunities, how to form your core team and understand your target market

 

About the lecturer:

With over 34 years of experience in various senior capacities internationally, Ivan is the Founder and Managing Partner at Navigate Ventures, an early growth stage venture fund focused on helping entrepreneurs prepare for rapid growth, scaling, and expansion. Navigate ventures invests in companies that are between series A & B rounds and is focused on Software, AI, Data & Analytics, and Consumer Internet. Ivan brings significant experience, deep domain expertise, and a broad base of contacts and resources to his portfolio companies.

Ivan is also an Adjunct Professor at USC Marshall School of Business where he teaches classes on raising capital, venture capital, private equity, entrepreneurship, eCommerce, social media, and founding successful startups.

Ivan has deep domain expertise in software and SaaS, eCommerce, marketplaces, platforms, Internet. He has an extensive background in venture capital, private equity, operations & management, sales & marketing, and tech M&A. He has a strong global network with long-standing VC, PEG, and CEO level relationships and regularly hosts a series of Tech CEO Dinners in several cities around the world where he brings together CEOs, financial sponsors, PEGs, and industry executives to discuss the latest trends and developments.

 

NOTE:

This workshop is organized by the TU Wien Innovation Incubation Center (i²c) and is for TUW scientists only. There is no fee, but registration is required

During the event, photographic and video material will be taken. Please inform the TUW Innovation Incubation team at the registration in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c for printed and electronic media, including the Internet, for publication, education, lectures, radio, public performances, exhibitions or other promotional purposes.

May
21
Tue
2019
Your checklist for company foundation @ Innovation Incubation Center
May 21 @ 9:30 am – 11:30 am
Your checklist for company foundation @ Innovation Incubation Center

This workshop will focus on the overall process of setting up a business in Vienna. What are the forms of business entities, their advantages and disadvantages and what are the steps and documents needed to register your company.  Learn what is a shareholder agreement, when should you sign it and discover the rules and regulations you should follow when founding a company.

 

About the lecturer:

Wolfgang Graf

Partner Graf Patsch Taucher (since 2004) admitted as attorney-at-law both in Austria and New York

Dr. Wolfgang Graf  is an attorney-at-law in the Viennese law firm Graf Patsch Taucher. Mr. Graf holds degrees from the University of Vienna law school (Mag. iur. Dr. iur.) and the Pennsylvania State University (LL.M.). He is admitted to practice law both in Austria and N.Y. Mr. Graf specializes mainly in corporate and mergers & acquisitions. He is a lecturer at the University for Applied Sciences Wr. Neustadt and author of a book on data protection law and several articles on corporate law. Mr. Graf is vice-president of the “Institute for Forensic Analysis”, a private institute analyzing capital market related publications and the prevention of business and capital markets related white collar crime.

Jun
4
Tue
2019
How Product Thinking helps to turn Inventions into Products @ Kontaktraum
Jun 4 @ 9:00 am – 3:00 pm

The success of any valuable product is not just a function of its efficacy, but of a complex business operation influenced by the interaction of the product with users and customers. That being said, the process of turning a new scientific solution into a product is rarely straightforward. Simple practices and linear processes don’t do it’s justice – they regularly lead to false assessments, failure, and frustration. Product Thinking is a mindset and methodology that addresses this situation. It treats product innovation as a complex system and aims to maximize its positive impact on all stakeholders. The Product Field helps you with that: It’s a model, a canvas and a toolbox to develop better products and increase your capacity for innovation. In this workshop, you will be introduced to the Product Field’s core ideas and learn how to use it to augment and enhance our Product Thinking and persistently improve collaboration.

After the workshop you’ll be able to:

– navigate the context your product will be build and used in
– methodically hone the value proposition of your product
– identify risks and potential for improvement

About the lecturer:

Peter Frahm (Head of Innovation at Deutsche Presse-Agentur)

KP Frahm is a husband and father from Hamburg, Germany. He is Head of Innovation at DPA, the leading German news agency. Since the start of his professional career in 1995, he has been building products in various roles, such as product manager, product executive, product coach, co-founder, consultant, and CTO. In addition to his day-to-day work, KP is always dedicated to at least one side-project at a time. Recently, he has co-created the Product Field, a cognitive medium for product innovation.

 

 

NOTE:

This workshop is organized by the TU Wien Innovation Incubation Center (i²c) and is for TUW scientists only. There is no fee, but registration is required.

During the event, photographic and video material will be taken. Please inform the TUW Innovation Incubation team at the registration in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c for printed and electronic media, including the Internet, for publication, education, lectures, radio, public performances, exhibitions or other promotional purposes.

Nov
21
Thu
2019
Grant and financing opportunities for spinoffs and startups @ Kontaktraum
Nov 21 @ 10:00 am – 1:00 pm

Are you interested in spinning out your research put but you don’t know what sources of funding are out there and what fits? This workshop offers you an overview of the multiple ways you can monetarily support your endeavor as a scientist and as a founder and puts you in direct contact with stakeholders from the Viennese ecosystem.

The event is beginning with an overview of ways one can fund a new venture by Florian Kandler followed by 2 hours of fair-like access to various organizations from the local ecosystem.

At the end of the workshop, you will understand the difference between various sources of funding as well as the programs and requirements of the Viennese organizations offering monetary support.

Organizations attending:

Austrian Private Equity and Venture Capital Organization:AVCO, Austria Wirtschaftsservice, aws i2 Busines Angels, aws Industry-Startup.Net, aws Connect, Conda, eQventure, FFG, IST-Cube, primeCROWD, Startup300 and Capital300, Vienna Business Agency

 

Lecturer:

Florian Kandler, PhD, TU Wien alumnus, is a serial founder from Vienna. Two of his own startups have raised several million Euros from Angels and VCs in Europe and the USA, including eCommerce legend Oliver Samwer (Rocket Internet). He lived in Copenhagen, Munich and Silicon Valley – and currently in Vienna.

Via his platform GetFunding.how, Florian has coached business owners and startup founders in 15 countries on fundraising, pitching and B2B sales in workshops, one-on-one, and via his online programs like the Fundraising Masterclass.

He supports the innovation ecosystem by publishing the yearly Startup Report, hosting the “Startup Milestones” and the “Gründer & Zünder” podcasts, and teaching and talking at select conferences. He is also the official pitch coach of “2 Minuten 2 Millionen”, the Austrian version of the TV show “Shark Tank”.

 

 

 

Important Information:

This workshop is organized by the Innovation Incubation Center (i²c) at TU Wien.  There is no fee, but registration is required.

During the event, photographic and video material will be taken. Please inform the TUW Innovation Incubation team at the registration in case you do not agree with appearing in this material. The photographic and video material taken at the event will be used by i²c for printed and electronic media, including the Internet, for publication, education, lectures, radio, public performances, exhibitions or other promotional purposes.***

Nov
18
Wed
2020
Beyond Pivoting: The Degrees of Freedom available to MedTech Entrepreneurs
Nov 18 @ 10:00 am – 12:00 pm
Beyond Pivoting:  The Degrees of Freedom available to MedTech Entrepreneurs

Achieving success in the MedTech world has been said to depend on the four factors of Unmet Need, Intellectual Property, People and Money.  There are various schools of thought on which of these should come first.  Stanford’s Biodesign program teaches the needs-led approach based on early stakeholder engagement.  The age-old “Technology Push” approach starts with IP, and often has to search for or establish an unmet need.  Starting with people or money is less common.  A deeper dive into case studies of successful MedTech societal impact teaches us that we should consider all of these factors as substitutable.  You are almost certainly familiar with examples of pivoting a technology to another unmet need, but how do you build a stronger business case by swapping Intellectual Property, People and Money?

 

About the lecturer:

Professor James E. Moore Jr., Ph.D.

The Bagrit Chair in Medical Device Design

Department of Bioengineering

Imperial College London

 

Prof. Moore received his PhD in 1991 from the Georgia Institute of Technology, followed by postdoctoral training at the Swiss Institute of Technology at Lausanne, where he also helped set up a new biomedical engineering lab. In January 2013, he joined Imperial College as the Bagrit Chair in Medical Device Design, and started a new masters program in medical device entrepreneurship.  To date, eight spinouts have resulted from this program that have attracted more than £4 million in grant and professional investor funding. Prof. Moore is a Fellow of the American Society of Mechanical Engineers, the Institution of Mechanical Engineers, and the American Institute of Medical and Biological Engineering.

Prof. Moore’s research interests include Cardiovascular Biomechanics, Stents, Implantable Devices, Atherosclerosis, and the Lymphatic System. His research focuses on the role of biomechanics in the formation and treatment of diseases such as atherosclerosis and cancer. His cardiovascular biomechanics research includes the first studies of the effects of stents on both blood flow patterns and artery wall stress. This work resulted in the development of two novel stent designs aimed at optimizing post-implant biomechanics for the prevention of restenosis. He is currently developing two technologies for preventing and resolving secondary lymphedema, which forms subsequent to cancer surgery. Along with his funding from government, charity, and industry sources, Prof. Moore has received multiple patents for medical devices and testing equipment.  Prof. Moore has also co-founded two startup companies, with another two about to emerge.

                  

Skip to toolbar