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Business Opportunity Agreement

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					     Vision of the New OBD
•Startup Assistance
•Catalog of Resources
•Gap Funding
•Faculty Education
Startup-Assistance
            Connector        Partner

     Link                              Facilitator
                       Office
 Resource                of
                                             Advisor
                     Business
                    Development
                                         Cheerleader
Shepherd
                                  Scout
    Linch-Pin
                   Communicator
            Start Up Assistance
               Components
•   CEO Database            •   Investors
     – Catalytic                  – Angels
     – Start Up                   – Pre-seed VCs
•   Executives                    – Mid-stage VCs
     – CFO                        – Late-stage VCs
     – Marketing                  – Investment Bankers
     – Sales                      – Strategic
•   Resources               •   International
     – Legal & Accounting         – Investors
                                  – Economic Development
     – Financial
                                  – Start Ups
     – Consultants
                            •   Government
•   Space
                                  – Economic Development
     – Incubators
                                  – Chambers of Commerce
     – Accelerators
                                  – Federal Laboratories
     – Buildings
                            •   Carlson Venture Enterprise
                                    Process
                                                                              Office of Business Development
            OBD
TTAC     Preliminary                                              Patents &
                                                                                                      License/Option
           Review                                                Technology                             Agreement
                                                                  Marketing
                                                                                                                            Business         OBD
                                                                 License or Waive                                           Support         Events



 Patents &                                          Carlson                                                     Catalytic
                                                                                                                                   New
                  Technology          Business                   Business           Possible   BCAB
Technology
 Marketing
                  Evaluation
                    Report
                                     Opportunity    Venture
                                                   Enterprises
                                                                 Evaluation
                                                                  Report
                                                                                    Start-up
                                                                                                                 CEO
                                                                                                                                  Company
                                                                                                                Investor
                                                                                                                Relations
                                                                     Needs More
                                                                      Research
                                                                                                                                       Resource
                       Needs More
                                                                       Funding                                               Office
                                                                                                                                       Database
                        Research                                                                                             Space
 Invention
 Disclosure                                                                                                                     CEO/Executive
                                                                 Scientific/
                                                                 Business                                                         Database
                                                                 Advisory
                                                                  Board

                                                    University
                                                    Discovery
                                                    Gap Fund


  Research IP




                                                            Business Evaluation                                        Business Creation and
Technology Evaluation
                                                                                                                             Support
                      CEO/Startup

                               Resources
                   CVE
                                       Government
                                      Investors

                      OBD             Space
                                       Collaborative
                                       Partners



                •Business
 Space •Incubators Plan
Collaborative •Catalytic CEOAssistance
  CEO
   CVE         •Members Development
   Resources •Economic
Government •Angel assistance, The Office of Business
 Investors        •Legal/Accounting
         “With this
  Database•Accelerators
Partners        •Initial Market Research
 Development•CEO,CFO,COO,CSO,CMO, the
               •Networks effectively facilitate
                will more
                •Chamber ofOther
                  •Space/Incubators/Accelerators
             •Venture CapitalCommerce
               Engineering, business concept into a
 process of•Buildings
               ••Presentation Preparation
            transforming aPartners
                 University
                •Federal Laboratories
                  •Benefits/HR/Protype
             •InvestmentDevelopment, VC,
 marketable startup.” Bankers
               •Business Valuation
                •Financial
               Regulatory, Other
Carlson Venture Enterprise
  • Potential Deals   • Angels
  • Opportunities     • VCs
  • Embryonic         • Shepherds
    Concepts
                      • Business Catalysts
  • New Companies
                      • Research Funders
  • Deformed Deals
                      • Networks
  • Start Ups
                      • Consultants
              University Startup Funding
             Pre-Seed          Seed             Start-up         Expansion         Growth
   ($)
    50,000       PepTx
                 WESEE
   100,000     SemiCube
   200,000      ViroGen
                                  McNeff
              MicroSurfaces
   300,000    TFX Bioscience
                                  Research
                                  SunRamp
   400,000       Advanced        Hypertension
                Informatics
   500,000                       Diagnostics
                                                     Acera
                                  GrainSafe
 1,000,000                                          Biomedical
                                                    Fronteirs
 2,000,000                                            DGI            Apprise
 3,000,000                                            Islet          Fiberstar
                                                    StentTech
 4,000,000
                                                      Pyxis        MRInstruments
 5,000,000                                                                           Bioenergy
                                                                                      Cardiac
10,000,000                                                                            Assist
                                                                                     Image Sensing
15,000,000                                                                           Systems
20,000,000                                                                           Taxi 2000
25,000,000                                                                             MSP
         VC
                     AG PSVC
                                 AG
                                          VC                           Investor Network
                                               PSVC
       PSVC                               A
                  A                                                                                      VC
 VC     AG                                              VC                                                                               VC
                 A        FUND                AG                                                                  AG PSVC
                                                        A                                                                      AG             PSVC
                                                                                                       PSVC                              A
       PSVC
                                  AG A PSVC                   VC                                                 A
                                                                                                                                                   VC
             A                                                                         VC       VC      AG
                          AG                                         AG PSVC                                  A           FUND
                      A                                                         AG                                                           AG
                                      A                                                     PSVC                                                     A
             VC            PSVC               VC            PSVC                       A
                                                                                                       PSVC
                                                                   A
                                                                                                VC                                AG A PSVC
                                                   VC        AG            FUND                              A           AG
                                                                   A                       AG                        A
        VC                                    VC                                                   A                                 A
                                                                                                             VC            PSVC          VC
                     AG   PSVC                         PSVC
                                  AG                                               AG A PSVC
                                                    PSVC   A               AG                             VC                             VC
      PSVC                                    A                        A                                             AG PSVC
                 A                                                                 A                                             AG
                                                             VC VC          PSVC       VC                                                     PSVC
VC     AG                                                                                               PSVC                             A
                 A         FUND                                                                                   A
                                                   AG                                                                                                VC
                                                             A                                  VC       AG               FUND
                                                                                                                  A                           AG
      PSVC                                                                                                                                           A
                                      AG           A PSVC
                                                                                                       PSVC
             A            AG                                                                                                         AG A PSVC
                     A                                                                                        A           AG
                                          A                                                                           A
             VC                PSVC               VC                                                                                 A
                                                                                                              VC              PSVC           VC
          The OBD Today
•Investment Relations
•Facilities Connections
•Equipment
•Management Team
Members
•University Business
Formation Focal Point
•Association Relations
       Bridging the Gap

•Business and Commercialization
Advisory Board
•Investment Community Workshops
•Email Database of Resources
•Research to Product Event
                 Gap Funding:
            A Potential OBD Solution

 Business                      Additional
 Concept                       Research


Needs
More
Research




    OBD                               Gap Fund
                                    Advisory Board
     Gateway to Innovation
•Connecting VCs to U of MN resources
•Connecting people to U of MN centers &
institutions
•Finding solutions to problems for people
•Linking up U of MN resources to alumni
connections
•Finding expertise
•Helping U of MN faculty & staff link to the
resources they need externally
PEOPLE


                                               OBD

              Gateway to Innovation
         WEBSITE    TELEPHONE            EMAIL
                    Speak with a real   24 hour response
                    person
                 Gap Funding
    Imperative Investment necessary to
   develop and business concept into an
            early-stage startup


1)Not readily available within the University setting
2)Too early for most outside investors
3)Proof of Concept not completed
4)Research still needed
5)No prototype
6)Need a limited quantity produced
7)Clinical Trials Far Away
     Gap Fund Member
         Networks
       VC                          VC
                 AG PSVC
                              AG          PSVC
      PSVC
                                      A
VC               A                              VC
       AG
             A            FUND            AG
                                                  A
      PSVC                                    PSVC
                                 AG       A
             A           AG
                     A
        VC                PSVC A VC
         Growth Funds for Emerging Technology
         EDF                                      $
                       APJ             $
                                                         $
IF
           GAP                               Preseed
          FUND                                Fund

Allied                                                     $
Minds                   Strategic
                        Investors      $
          Foundation                              $


 Affiliated Member Network          Affiliated Preseed Network
        Faculty Education
•Faculty Commercialization Workshops
•Entrepreneurial Educational Workshops
•Peer review Boards
Contacts:
Doug Johnson-Director
        Direct Line: 612-626-8394
        Email: johns982@tc.umn.edu

Dick Sommerstad-Assistant Director
       Direct Line: 612-625-8352
       Email: somme024@umn.edu

Jacob Johnson-Coordinator
       Direct Line: 612-626-5417
       Email: joh01991@umn.edu


OBD Website: www.obd.umn.edu

				
DOCUMENT INFO
Description: Business Opportunity Agreement document sample