Path to Commercialization, Nastas Presentation to Winner of Grant Competition
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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.
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Path to Commercialization, Nastas Presentation to Winner of Grant Competition
- 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
- 7. “Croatia is a Country of Savers, not Investors” ‘Capital Preservation’ www.IVIpe.com Info@IVIpe.com
- 8. Investors buy Risk, Not Opportunity www.IVIpe.com 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 Info@IVIpe.com
- 15. Failure≠Fraud ≠
- 16. Wealth & Job Creation-Past www.IVIpe.com Info@IVIpe.com
- 17. Wealth & Job Creation-Future www.IVIpe.com Info@IVIpe.com
- 18. New Biz Models www.IVIpe.com Info@IVIpe.com
- 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