Fed Tech Lab Program: Leveraging External Entrepreneurship to Commercialize Federal Technologies
The Fed Tech Lab Program (https://www.fedtech.io) was born in 2013 as part of the National Science Foundation's Innovation Corps (I-Corps) program to help commercialize the inventions from the $140 billion invested each year in federally funded research institutions. The program, an offshoot of the Washington, DC-area I-Corps effort, recruits inventors in federal laboratories with promising technologies, and matches each inventor with an experienced entrepreneur screened to ensure that he or she has the right background and understanding to take that invention to market. Fed Tech runs each team through a process of rigorous customer discovery and business model building to optimize its go-to-market strategy. Fed Tech runs several of these cohorts per year, and has engaged the premier R&D labs and entrepreneurs across the nation to spin out technologies that improve lives and drive economic growth.
In this talk, members of the Fed Tech team will share the challenges and success stories from our experience in helping entrepreneurs starting companies based on federally funded intellectual property. We partner with technology transfer offices at partnering federal labs to make it easier for entrepreneurs to access research discoveries, incentivizes entrepreneurs and researchers to form a company, and help them to go to the next level once company is formed. In particular, the speakers will discuss the unique technology licensing issues that arise in this cooperative approach to founding start-ups using federal laboratory inventions. In particular, the program has taken advantage of new provisions offered by federal agencies to grant exclusive licenses to start-ups in cases where a nonexclusive license would pose a barrier to attracting external investment. For example, National Institute of Health established “NIH Startup Exclusive License Agreements” to facilitate licensing of intramural NIH and CDC inventions to startup companies. Because it takes longer and more resources to bring early stage biomedical technologies to market, it makes sense for an agency like NIH to pioneer an agency wide program to reduce risk for startups.
CEO, Hyperion Technologies LLC and Managing Partner, Fed Tech Lab Program
Ben is the Founder and Managing Partner of the Fed Tech program. Ben also runs Hyperion Technologies LLC,a services firm which has developed innovation and commercialization programs for a range of federal, state and private clients. The company is currently assisting on the development of the Department of Defense MD5 National Security Technology Accelerator. MD5 is a new innovation program under the Deputy Assistant Secretary of Defense, Manufacturing and Industrial Base Policy to help defense components with setting up hackathons, lean startup training, prototyping capabilities and a variety of other event-based programming. Hyperion is currently assisting MD5 on developing multiple technology transfer pilots that can be scaled in the future. Ben is also an Adjunct Lecturer at the Robert H. Smith School of Business at the University of Maryland. He is a frequent speaker at innovation and Federal Lab Consortium events across the country. Ben has an MBA from University of Maryland and a B.A. from Princeton University.
Chief Strategy Officer, EYL Inc.
JP has expertise in business model development, technology commercialization strategy, program design, andimpact evaluation with a focus on technology-based startups and research institutes. He is an active participant in Washington DC area innovation ecosystem as an instructor of lean startup methods and mentor for Fed Tech Lab program. JP has diverse experience in broad areas of innovation ecosystem. He is currently a Chief Strategy Officer of EYL Inc. a cyber security startup developing quantum entropy chip. He is also a fellow at Center for Organizational Research and Design at Arizona State University. Previously, JP served as Chief Strategy Officer of Korea Innovation Center with a mission to support global launch of Korean startups. JP served as Associate Director of the Center for Science, Technology & Economic Development (CSTED) at SRI International for 14 years, advising a range of governments, universities, and firms about research and innovation strategy. He received his B.S. in physics from Korea University and passed the doctoral qualifying examination in science policy at Georgia Institute of Technology.
When: Wednesday, Feb. 21
5:00 pm - 7:00 pm
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