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Tech Commercialization Project
(TCP) in Kazakhstan
Thomas D. Nastas
Member
International Science & Technology Board (ISCB)
Tech Commercialization Project, Kazakhstan
What Gaps Exist in Peru?
Basic &
applied
research
Proof of
concept &
bench
model
Prototype
Company
formation (series
A/B)
Licensing or
selling IP
Product
launch &
growth
VC investors Angel investors Public innovation funds Research funding
The Finance Chain in USA
Basic &
applied
research
Proof of
concept &
bench
model
Prototype
Company
formation (series
A/B)
Licensing or
selling IP
Product
launch &
growth
VC investors Angel investors Public innovation funds Research funding
Basic &
applied
research
Proof of
concept &
bench
model
Prototype
Company
formation
(series A/B)
Licensing or
selling IP
Product
launch &
growth
Angel & VC Investors Market Gap: No/too little $ from public or private sources
to finance proof-of-concept to commercialization: TCP
makes tech ready for customers &/or angel/VC investors
Research
funding
TCP Finances the Market Gap in
Kazakhstan
Why Finance this Market Gap?
So Tech Meets Customer &/or
Investor Needs—to Prove that:
“Yes a Market
Exists!”
“Yes, Customers
‘Get It!’” “Yes the
Tech
Works!”
“Yes They Pay!”
SRG 1st Round proposals (301) received by March 31, 2011 SRG Short-listed proposals (23) selected by May 19th, 2011
JRG Proposals Short-listed (12) selected by May 19th, 2011
And Tech & SMEs Are Ready for
Markets & Customers (& Venture Capital
if Needed)
SRG 1st Round proposals (301) received by March 31, 2011 SRG Short-listed proposals (23) selected by May 19th, 2011 1
1
3
3
1
3
agriculture
medicine-pharma-biotech
ICT-education
nanotechnology
construction
oil-gas
SRG + JRG Proposals (12) Selected: 15 June 2011
10 Projects Financed in 2011
$10.5 million Committed ≈$1 million/project
3
2
12
1
2
1
agriculture
medicine-pharma-biotech
ICT-education
nanotechnology
electronics
oil-gas
metallurgy
SRG + JRG Proposals (12) selected: 22 June 2012
12 Projects Financed
$13 million Committed ≈$1 million/project
Financing Results (as of 15.11.2013)
SRG + JRG Proposals (12) selected: 14 November 2013
12 Projects Financed
$10.5 million Committed ≈$875,000/project
Big Demand for Commercialization
Financing
In 2012 International Science & Technology Board (ISCB) received:
• 208 research proposals from Senior Research Groups (SRG)
• 24 research proposals from Junior Research Groups (JRG)
12 projects selected for finance, $13 million committed ≈
$1+ million/project
In 2011 International Science & Technology Board (ISCB) received:
• 304 research proposals in Senior Research Group (SRG)
• 63 research proposals of Junior Research Group (JSG)
10 projects selected for finance, $10.5 million committed ≈
$1+ million/project
Details of TCP at this link (in English, Russian & Kazak)
In 2013 International Science & Technology Board (ISCB) received:
• 168 research proposals from Senior Research Groups (SRG)
• 32 research proposals from Junior Research Groups (JRG)
12 projects selected for finance, $10.5 million committed ≈
$875,000/project
Criteria for Selection
(i) The quality of the proposed technology
Is the proposed tech innovative?
Can it contribute significantly to the state of knowledge in its field?
How does the proposed research compare to established programs?
(ii) The impact of the proposed program
To what extent will the project enhance the infrastructure for
research, commercialization, and partnerships with industry?
What are the potential impacts on technology commercialization?
Will the results be disseminated broadly to enhance scientific and
technological understanding?
Criteria for Selection Continued
(iii) The path to success
Are the costs reasonable and are the time and resources (human
and monetary) dedicated appropriate to the program and to
accomplish the goals?
Is the management plan appropriate?
Are there any issues that might prevent the successful execution
of the program?
(iv) Alignment with commercialization aspect
Does the proposed technology align with the goals of the Technology
Commercialization Project, finance proof-of-concept thru market
commercialization to customers?
What Gaps Exist in Peru?
Basic &
applied
research
Proof of
concept &
bench
model
Prototype
Company
formation (series
A/B)
Licensing or
selling IP
Product
launch &
growth
VC investors Angel investors Public innovation funds Research funding
To Scale the Start-Community in Peru & Make
an Active Innovative Ecosystem?
Next Steps
*ITE=Investment, Technology &
Entrepreneurship
Solution #1: For
Entrepreneurs
‘Shape’ business models (e.g.,
clonentrepreneurship) to risk
behavior of local investors
+
Solution #2: For
Investors
Venture initiatives (e.g., deal
flow funds) ‘shaped’ to risk
behavior of local investors
+
Solution #3: For Development
Finance Institutions & the Gov’t
Grant schemes which advance
innovation thru commercialization—
improve the quality/quantity of IP for
market acceptance, e.g., model to
$85MM Tech Commercialization
Project in Kazakhstan
*ITE=Innovation, Technology
& Entrepreneurship
mentor entrepreneurs to
‘sell risk—then
opportunity’
mentor to build an early
stage tech portfolio
*Click link to open & read
Thomas D. Nastas
Nastas Bio + Nastas Funds (global) [email protected]
www.scalingupinnovation.com www.IVIpe.com
http://www.linkedin.com/in/thomasnastas
Tel. +1.517.899.1432/+7.985.923.4727
Innovative Ventures Inc. Michigan & Moscow (Russia)