The Next American Economy - Orlando
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The document outlines a 5-stage process for commercializing ideas developed in idea factories such as universities and research institutes. It describes each stage - from start-up to fully commercialized - including typical settings, financing sources, and team composition. The key is facilitating the movement of ideas from the internal "idea factory" setting through various external stages of development, financing, and commercialization through resources like technology licensing offices.
The Next American Economy - Orlando
- 1. BLUEPRINT FOR A REAL RECOVERY THE NEXT AMERICAN ECONOMY Orlando’s AUTHOR OF WHY GM MATTERS Simulation Boom WILLIAM J. HOLSTEIN WilliamJHolstein.com
- 2. WHAT IS AN IDEA FACTORY?
- 3. WHAT IS AN IDEA FACTORY? It can be a university, research institute, large hospital, national weapons laboratory or a large private sector company. WilliamJHolstein.com
- 4. WHAT IS AN IDEA FACTORY? It is characterized by: ‣ Sustained Interactions ‣ Both Formal and Informal Between: ‣ Different disciplines ‣ Different cultures, nationalities With A Mix of Basic and Applied Research. Mostly Funded by Government and Corporations. WilliamJHolstein.com
- 5. HOW DO IDEAS LEAVE THE FACTORY?
- 6. HOW DO IDEAS LEAVE THE FACTORY? The key is the technology licensing and patenting office. ‣ Under what terms does theterms? allow development on favorable office ‣ Does it facilitate robust exchange of ideas between "inside" and "outside?" ‣ What resources does it possess? WilliamJHolstein.com
- 8. STAGE 1 START UP SETTING UNIVERSITY FINANCING LARGE CO’S GOV’T TEAM SCIENTISTS & RESEARCHERS ONLY WilliamJHolstein.com
- 9. STAGE 1 STAGE 2 START UP DEVELOPMENT SETTING UNIVERSITY INCUBATOR / HALFWAY HOUSE FINANCING LARGE CO’S GOV’T GOV’T (SBIR) ANGELS FOUNDATIONS TEAM SCIENTISTS & TEAM GROWS: RESEARCHERS - MARKETING ONLY - FINANCE OTHER - MENTORING KEY - INCUBATORS INPUTS: - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
- 10. STAGE 1 STAGE 2 STAGE 3 START UP DEVELOPMENT MARKET FACING SETTING UNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSE FINANCING LARGE CO’S GOV’T GOV’T (SBIR) ANGELS FOUNDATIONS VENTURE CAPITALISTS TEAM SCIENTISTS & TEAM GROWS: PROFESSIONAL RESEARCHERS - MARKETING CEO MAY BE ONLY - FINANCE REQUIRED OTHER - MENTORING KEY - INCUBATORS INPUTS: - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
- 11. STAGE 1 STAGE 2 STAGE 3 STAGE 4 START UP DEVELOPMENT MARKET VALLEY OF FACING DEATH SETTING UNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSE FINANCING LARGE CO’S GOV’T GOV’T (SBIR) ANGELS FOUNDATIONS VENTURE CAPITALISTS TEAM SCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULL RESEARCHERS - MARKETING CEO MAY BE FINANCIAL ONLY - FINANCE REQUIRED TEAM - MANUF. OTHER - MENTORING - LOGISTICS KEY - INCUBATORS - SALES INPUTS: - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
- 12. STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 START UP DEVELOPMENT MARKET VALLEY OF FULLY FACING DEATH COMMERCIALIZED SETTING UNIVERSITY INCUBATOR OFFICE / HALFWAY HOUSE PROFIT GENERATION OR IPO FINANCING LARGE CO’S GOV’T GOV’T (SBIR) ANGELS FOUNDATIONS VENTURE CAPITALISTS TEAM SCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULL RESEARCHERS - MARKETING CEO MAY BE FINANCIAL ONLY - FINANCE REQUIRED TEAM - MANUF. OTHER - MENTORING - LOGISTICS KEY - INCUBATORS - SALES INPUTS: - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
- 13. STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 START UP DEVELOPMENT MARKET VALLEY OF FULLY FACING DEATH COMMERCIALIZED SETTING UNIVERSITY INCUBATOR OFFICE / HALFWAY ?? HOUSE PROFIT S? GENERATION P OR IPO GA FINANCING LARGE CO’S HE GOV’T GOV’T (SBIR) ANGELS RE T EA FOUNDATIONS ER VENTURE H CAPITALISTS W TEAM SCIENTISTS & TEAM GROWS: PROFESSIONAL CEO + FULL RESEARCHERS - MARKETING CEO MAY BE FINANCIAL ONLY - FINANCE REQUIRED TEAM - MANUF. OTHER - MENTORING - LOGISTICS KEY - INCUBATORS - SALES INPUTS: - SKILLED LABOR - NETWORKING MECHANISMS WilliamJHolstein.com
- 14. BLUEPRINT FOR A REAL RECOVERY THE NEXT AMERICAN ECONOMY Available in print and e-reader formats today. AUTHOR OF WHY GM MATTERS WILLIAM J. HOLSTEIN WilliamJHolstein.com