Providing capital, knowledge & networks since 1982.

Federal Laboratory Federal Laboratory ConsortiumConsortium

Mid-Atlantic Regional Mid-Atlantic Regional MeetingMeeting

Ben Franklin Technology Partners

of Southeastern Pennsylvania

Susan Evatt, Senior DirectorTechnology Commercialization Group

September 15, 2005

Providing capital, knowledge & networks since 1982.

Ben Franklin Technology Ben Franklin Technology PartnersPartners

• Created 1982

• Regionally based: 4 partners• Headquarters: Philadelphia,

Lehigh, Pittsburgh, State College

• Private 501 c(3) non-profit corps

• Statewide director for joint initiatives

• BFTP/SEP: Five counties: Bucks, Chester, Delaware, Montgomery, Philadelphia

• Ben Franklin Technology Development Authority• State policy board• Chaired by DCED Secretary

Providing capital, knowledge & networks since 1982.

Ben Franklin’s Statewide Ben Franklin’s Statewide ImpactImpact

• Measurable & independently verified (1989-1989-2004)2004)

• 39,413 High Value Jobs Created & Retained• Average wage 28% more than state average

• 1,199 New Technology Companies Funded

• 4,775 Products & Processes Implemented & Commercialized

• Independent impact report (1989-2001)(1989-2001)

• Bolstered state economy by $8 billion$8 billion

• 23:123:1 return on the state’s investment

• Generated more than $400 million$400 million in additional tax revenue

Providing capital, knowledge & networks since 1982.

Ben Franklin in Ben Franklin in Southeastern Southeastern PennsylvaniaPennsylvania

Providing capital, knowledge & networks since 1982.

Ben Franklin Technology Partners of Southeastern Ben Franklin Technology Partners of Southeastern Pennsylvania:Pennsylvania:Our ApproachOur Approach

Capital…Knowledge…NetworksCapital…Knowledge…NetworksCapital: Investment Group• Capital for innovative start-up & established

technology enterprises• Partner in venture capital funds• Partner with angel investor networks

• Ben Franklin Investment Partners• Pre-seed: SBIR; Proof of Concept pools• Business development assistance for

portfolio companies

Knowledge: Technology Commercialization Group

• Product development & commercialization solutions

– Increased competitiveness & market expansion

• Technology-specific partnerships• Technology Commercialization Network

• 20 member universities

Networks: Regional Technology Initiatives

• Develop, seed & implement• Longer term, transformative impact• Technology Hubs, KIZs

Providing capital, knowledge & networks since 1982.

CapitalCapital……Knowledge…NetworksKnowledge…NetworksInvestment Group

• Direct investment portfolio:– $22+ million, 137 company investment portfolio– $110 million invested in 1,400 regional enterprises since

1983– More than $75+ million of follow-on investment in FY’04

• Investment Partner in privately managed venture funds, capital pools and investment programs

• More than money– Mentoring / Milestone Coaching; Business / Business Plan

Development; Business Information & Competitive Intelligence; Management Recruitment; Advisory Board / Board of Directors; Development; Capital Contacts; Entrepreneurial / Business Networks

Providing capital, knowledge & networks since 1982.

CapitalCapital……KnowledgeKnowledge……NetworksNetworksTechnology Commercialization Group

Technology Commercialization Network: 20 participating institutions• Federally funded model for industry/academic partnerships

Dual approach: one-on-one company/university projects; collaborative company/ university/govt. initiatives

NSF Partnership for Broadband Wireless Innovations• Villanova, Widener, AFRL, NSWCCD, BFTP/SEP, Community Colleges, High School,

Large Corps, Small Companies

Consortium for Sustainable Design and Research• Philadelphia U, Villanova, Temple, Del Val Green Bldg. Council, BFTP/SEP

Ben Franklin Innovation Center National Center for Translational Research

• Ag-based viral research; bio community; spin-outs• Drexel U, Del Val Clg, Hepatitis B Foundation

Providing capital, knowledge & networks since 1982.

CapitalCapital……KnowledgeKnowledge……NetworksNetworks

• Launched in 2001/02 by BFTP/SEP, Drexel University & The University of Pennsylvania

• A comprehensive model designed to be a catalyst for regional nano development & commercialization

• Seeded with $12.8M from the Commonwealth of Pennsylvania & $1.3M from BFTP/SEP

Regional Technology Initiatives

ECONOMIC RESEARCH & PLANNING

INDUSTRY INFORMED TECHNOLOGY DEVELOPMENT

ENTERPRISEDEVELOPMENT &

COMMERCIALIZATION

RISKCAPITAL

COMMUNITY OF INTEREST

NETWORKS

EDUCATION & WORKFORCE

DEVELOPMENT

NTINTI

A comprehensive, holistic approach.

Providing capital, knowledge & networks since 1982.

CapitalCapital……KnowledgeKnowledge……NetworksNetworks

Bio Sensors

Drug Delivery Systems

One-Dimensional

Probes

Four Core Research

Areas

Tissue Engineering

• $90+M Federal R&D grants awarded ($8.8 federal:$1 state)

• Industry guided technology development

• 43 research faculty & 103 support post docs, grads & students representing 11 universities

• Focus on commercialization approaches 3 NTI related companies NTI Applications Fund SRA initiatives Corporate member common research issues

Providing capital, knowledge & networks since 1982.

CapitalCapital……KnowledgeKnowledge……NetworksNetworks

• Corporate Membership Charter Member ($50,000 / year)

• Right of first review for IP generated by the NTI

• One seat on the Technical Advisory Committee (TAC) of the NTI for input to the directions of research of the Core Research Teams

• Annual private day-long conference between corporate member scientists (up to 5) and the faculty members of the core research teams

• Quarterly research reports More corporate member benefits

under development

Providing capital, knowledge & networks since 1982.

Capital…Knowledge…Capital…Knowledge…NetworksNetworks

• A collaborative effort, established to position the tri-state region (DE, NJ, & PA)– Founded by the New Jersey Commission on Science &

Technology, Delaware Technology Park & BFTP/SEP; U.S. Dept. of Commerce/EDA funded

• Objectives– Securing and Attracting Funding

• Facilities, research, commercialization, investments

– Developing & Disseminating Information & Knowledge• Best Practices, policy & planning, emerging opportunities

– Positioning the region• Unified message, critical mass, diverse strengths

Regional Initiatives

www.midatlanticnano.orgwww.midatlanticnano.org

Providing capital, knowledge & networks since 1982.

For more information, contact:Susan Evatt, Senior Director

Technology Commercialization Group

215-972-6700 x 3059Visit us online at www.sep.benfranklin.org