Announcing VT KnowledgeWorks Pathways to Innovation

VT KnowledgeWorks is pleased to announce a new service to researchers, both inside and outside Virginia Tech.  “Pathways to Innovation” offers private, candid conversations with the new VT KnowledgeWorks Innovator-in-Residence, Kevin Passarello, about the opportunities for translating their specific scientific developments into successful commercial products.  Virginia Tech scientists and engineers can request a date with Kevin by submitting a one-page abstract and selecting a preferred meeting time during his regular visits to Blacksburg.

Kevin is currently Counsel to Buchanan Ingersoll & Rooney in Washington, DC.  http://www.bipc.com/Kevin-L-Passarello/.  He is a serial entrepreneur with experience encompassing emerging companies and technology transactions; corporate finance; venture capital and private equity; intellectual property and licensing; mergers and acquisitions; corporate law and governance; legislative and regulatory affairs; and not-for-profit organizations.  Before joining Buchanan, Kevin co-founded two venture-backed technology companies (in the enterprise software and mobile hardware markets–with investors including Microsoft, Sequoia Capital, Hg Capital, and Catterton Partners) with successful exits, as well as a $60 million private equity buyout fund with more than $300 million in M&A transactions.  He most recently co-founded a predictive analytics company in the medical space, based on research from the University of Virginia.  He has hands-on international business experience in Belgium, China, France, Germany, India, Ireland, Italy, Japan, Mexico, the Netherlands, Norway, Singapore, Sweden, Switzerland and the UK.  Kevin is a 1986 graduate of Georgetown University Law Center.

Sign up at http://www.signupgenius.com/go/5080b4ca4ad28a75-pathways.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at [email protected].

Keep in the know about VT KnowledgeWorks through Twitter, Facebook, and LinkedIn.

VT KnowledgeWorks

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 Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

Announcing the 2016 VT KnowledgeWorks Sponsors

VT KnowledgeWorks wants to acknowledge and thank our 2016 sponsors who make possible the various programs and events we offer each year such as:

  • Global Entrepreneurship Challenge Semifinals, awarding $25,000 in scholarships to Virginia Tech students, including the –
    • $5,000 Plastics One Advanced Manufacturing Award for the outstanding tangible product
    • $5,000 VT KnowledgeWorks Information Technology Award for the outstanding intangible product or service
    • $10,000 awarded as an additional grand prize for one of the two teams that receive the Advanced Manufacturing Award or the Information Technology Award
    • $5,000 People’s Choice Award sponsored by Virginia Tech Pamplin College of Business
  • Global Challenge Virtual Preliminary, giving one student team from anywhere in the world $5,000 in air travel reimbursement for a chance to compete on a world stage at the Global Student Entrepreneurship Challenge
  • Global Student Entrepreneurship Challenge, awarding $40,000 in cash prizes, including the –
    • $10,000 Plastics One Advanced Manufacturing Award for the outstanding tangible product
    • $10,000 VT KnowledgeWorks Information Technology Award for the outstanding intangible product or service
    • $15,000 awarded as an additional grand prize for one of the two teams that receive the Advanced Manufacturing Award or the Information Technology Award
    • $5,000 People’s Choice Award sponsored by Virginia Tech’s Outreach and International Affairs
  • Innovation Challenge, providing $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, based on Virginia Tech-owned technology
  • Game Changers Challenge, an opportunity for one entrepreneur or entrepreneurial team to qualify for a $25,000 “Running Start” loan plus a package of free startup assistance services
  • The Entrepreneurship Option workshop, an interactive workshop to help one identify what it takes and what it means to be a true entrepreneur instead of an employee

Our generous 2016 VT KnowledgeWorks sponsors who make this all possible are:

Allegheny Logistics Group

Automation Creations, Inc.

BAE Systems

BB&T

The Branch Group, Inc.

Brown, Edwards & Company, LLP

Carilion Clinic

Celanese

CIT GAP Funds

City of Roanoke

First Bank & Trust Company

G.J. Hopkins, Inc.

National Bank

New River Valley Intellectual Property Law

Plastics One Inc.

PowerSchool

Rackspace

Shentel

SimulTV

SMBW

SunTrust Bank

TechLab

Third Security

Town of Blacksburg

Town of Christiansburg

Union Bank & Trust

Virginia Tech Corporate Research Center

Virginia Tech’s Outreach and International Affairs

VPT, Inc.

Wordsprint

Stay connected with us and the VT KnowledgeWorks events offered in 2016 at www.vtknowledgeworks.com/event/calendar.

VT KnowledgeWorks Global Challenge Semifinals sponsors include Plastics One Inc. and Virginia Tech Pamplin College of Business.

Keep in the know about VT KnowledgeWorks through Twitter, Facebook, and LinkedIn.

VT KnowledgeWorks

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 Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

 

Announcing the VT KnowledgeWorks Innovation Challenge

The VT KnowledgeWorks Innovation Challenge is accepting applications through February 19, 2016. The Innovation Challenge is designed to accelerate innovative technology transfer from the university to the private sector.VT KnowledgeWorks Innovation Challenge 2016

The annual Innovation 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. The venture receives complimentary membership in VT KnowledgeWorks for two years and key team members attend an Entrepreneurship Option workshop. In addition, the venture receives a 50% savings on one-year’s rent at the Virginia Tech Corporate Research Center.

A selection committee of successful regional entrepreneurs and investors will review the submissions and select the winner in mid-March.  In addition, several runner-up applications may be selected for modest business development support. The winner will be announced at the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals on March 30, 2016, at The Inn at Virginia Tech.

Instructions and guidelines on how to apply are available at http://www.vtknowledgeworks.com/2016/innovationchallenge.

Previous Innovation Challenge winners and runners up include:

  • VoltMed, employing irreversible electroporation technology for cancer and other treatments
  • NanoSpin, developing efficient, passive liquid cooling for electronic devices
  • Keraesthetics, developing keratin-based technology for both cosmetic and therapeutic applications
  • P&P Coating, applying its superhydrophobic metallic coating technology to a variety of industries including automotive, chemical, and electronics
  • phenoCHIP, developing circulating tumor cell separation technology
  • Consolidated Logic, developing electronic design automation tools for programmable logic devices

VT KnowledgeWorks wants to thank our generous sponsors of the Innovation Challenge including Virginia Tech College of Agriculture & Life Sciences, Virginia Tech Office of the Vice President for Research, Virginia Tech’s Outreach & International Affairs, and Virginia Tech Pamplin College of Business.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at [email protected].

Keep in the know about VT KnowledgeWorks through Twitter, Facebook and LinkedIn.

VT KnowledgeWorks

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 Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Automation Creations, Inc., BAE Systems, BB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, CIT GAP Funds, City of Roanoke, Fox 21/27, G.J. Hopkins, Inc., Interactive Achievement, Inc., Meridium, Montgomery County, Virginia Economic Development Department, National Bank, New River Valley Intellectual Property Law, Plastics One Inc., Rackspace, Shentel, SimulTV, SunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, UXB International, Inc., Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc, Wordsprint.

5th Annual Entrepreneurship Challenge to Be Held on April 10

VT KnowledgeWorks will present the Fifth Annual Entrepreneurship Challenge on Wednesday, April 10, 2013, at The Inn at Virginia Tech and Skelton Conference Center, Blacksburg, VA. 

First, Virginia Tech faculty, staff, students, and/or alumni will compete in the Tech Transfer Challenge.  Hoping to establish a new venture in Blacksburg using their Virginia Tech owned technology, the teams will compete to win $100,000 worth of mentorship and business support services.

Second, Virginia Tech student teams will compete in the Student Business Concept Competition for $10,000 in scholarships, start-up services, and the opportunity to compete on a world stage In August, 2013 for the $25,000 VT KnowledgeWorks Global Challenge Award during the VT KnowledgeWorks Global Partnership Week.

The Student Business Concept Competition registration deadline is Friday, February 8, 2013.  Register online here.

The Tech Transfer Challenge registration deadline is Friday, February 22, 2013.  Learn more and register online here.

Cost to attend this full-day event including the competitions, luncheon, and reception is only $30 for students and $50 for non-students.  Register to attend the Entrepreneurship Challenge here.

Businesses can advertise in multiple ways during the Entrepreneurship Challenge. For more details, contact Christine Spalding at 540-443-9100 ext. 3 or via email at [email protected].

Keep in the know about VT KnowledgeWorks through Twitter and Facebook.

VT KnowledgeWorksVT 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 Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks corporate sponsors include Attaain, Inc., BB&THarris Office FurnitureHodges, Jones & Mabry, P.C.Hutchison Law Group, Latimer IP Law, LLC , LeClairRyanNew River Valley IP Law, Science Applications International Corporation (SAIC)The Branch Group, and Wordsprint.

 

VoltMed Wins First Annual VT KnowledgeWorks Tech Transfer Challenge Prize

VT KnowledgeWorks has announced its winner of 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. 

After a careful review of all submissions, a selection committee of successful entrepreneurs and investors from the region selected VoltMed as the winning team.  VoltMed, submitted by Paulo Garcia, Chris Arena, and Mike Sano, is developing a high-frequency irreversible electroporation device for use in treating soft tissue tumors in veterinary applications, with the initial focus being the treatment of equine malignant melanoma.

VoltMed 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.

Through the Tech Transfer Challenge, two runner-up teams, ACESS and Focus Radio, were selected for modest business development support.  For these, the director of strategic services will provide assistance in business plan document development and creation of initial business and marketing plans, five-year financial pro-formas, and other documents needed to initiate investor discussions.

Please read more about the VT KnowledgeWorks Tech Transfer Prize.

VT KnowledgeWorksVT 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.

You're invited to keep in-the-know about VT KnowledgeWorks on Facebook and Twitter.

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).

VT KnowledgeWorks Announces Tech Transfer Challenge Prize

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. 

Services Provided to 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.

Application Submission Process

Applicants may be individuals or teams, but key members must be

  • Employed by or a student at Virginia Tech or Virginia Tech alumni
  • Willing to commit seriously to the development of the proposed commercial enterprise
  • Able to fill the technology leadership roles in the proposed venture
  • Committed to locating business operations in Blacksburg, and
  • Committed to submiting SBIR or equivalent proposals during the first year of the award that would provide funding support for products developed based on the underlying Virginia Tech owned technology.

Proposals must be submitted in accordance with the Guidelines available on the VT KnowledgeWorks website and show that:

  • The technology forming the basis for the new venture is developed beyond “pure science” and available for licensing from Virginia Tech
  • Proposed products based on the technology would have a clear competitive position in the marketplace
  • The proposed target markets would be receptive to new entrants; at least one clear addressable customer base must be identified
  • The venture has a conceptually viable financial model with sustainable, scaling revenues and earnings

Application Evaluation Process

A Selection Committee of successful entrepreneurs and investors from the region reviews all submissions and selects a group of finalists who are invited to make a 10-minute presentation to the Committee on the proposed new venture.  The Committee may also interview team members individually as part of their selection process.

Additional Support for Tech Transfer Concepts

Through the Tech Transfer Challenge, several runner-up applications may be selected for modest business development support.  For these, the Director of Strategic Services will provide assistance in business plan document development and creation of initial business and marketing plans, five-year financial pro-formas, and other documents needed to initiate investor discussions.

The deadline for 2012 application submissions is April 13, 2012

Applications are to be submitted to [email protected] and will be acknowledged by April 17, 2012.

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.

You're invited to keep in-the-know about VT KnowledgeWorks on Facebook and Twitter.

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).