VT KnowledgeWorks has launched a new initiative to accelerate innovative technology transfer from the university to the private sector. The annual Tech Transfer Challenge Prize provides $100,000 worth of mentorship and business support services to a winning team of Virginia Tech faculty, staff, students and/or alumni proposing to establish a new venture in Blacksburg, Virginia based on Virginia Tech-owned technology. Services are provided over a two-year period, and include assistance in developing the overall business strategy as well as the presentations and plan documents needed for investor discussions and product launch.
Please join us for the announcement of the winner of the First Annual VT KnowledgeWorks Tech Transfer Prize!
Thursday, May 10, 2012
Lakeview Conference Room
2200 Kraft Drive
Light refreshments will be served.
Services Provided to the Winner
The winning team receives both corporate and personal mentorship from the VT KnowledgeWorks Executive Director and its Director of Strategic Services. The VT KnowledgeWorks Strategic Services team performs various strategic studies and develops presentation materials and formal plan documents needed for product launch and investor discussions, including financial pro-formas. The VT KnowledgeWorks network of early-stage investors provides introduction to a wide range of funding opportunities.
The venture receives complimentary membership in VT KnowledgeWorks for two years and key team members attend a Founders’ Readiness Express workshop. In addition, 50% of one-year’s rent at the VT Corporate Research Center provides the venture an attractive launch pad.
Please read more about the VT KnowledgeWorks Tech Transfer Prize.
VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Foundation, funded through the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are located in the Virginia Tech Corporate Research Center in Blacksburg, Virginia, USA.
VT KnowledgeWorks sponsors include Attaain, Inc., BB&T, The Branch Group, Handshake 2.0, Harris Office Furniture, Hodges, Jones & Mabry, P.C., Hutchison Law Group, LeClairRyan, New River Valley Intellectual Property Law, Science Applications International Corporation (SAIC) and The Becher Agency (TBA).