Ohio State ADVANCE
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Ohio State ADVANCE

SBIR Road Tour coming to Ohio State

Posted: April 23, 2018

The SBIR Road Tour is a national outreach effort to convey the non-dilutive technology funding opportunity provided through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The SBIR/STTR programs annually provide $2.5 billion in funding to small advanced technology firms to spur new technological discoveries and facilitate the commercialization of innovations. Registration is free for faculty and opened Friday, April 20th; the event will be held on Wednesday, June 20, 2018 at the Ohio Union.

Category : General

How To Increase Angel Funding For Women Entrepreneurs

Posted: April 19, 2018

Forbes Article by , I write about the success factors of women entrepreneurs. Opinions expressed by Forbes Contributors are their own.

Funding is a challenge for early stage companies. It is especially difficult for female founders seeking equity financing. Men receive 9 times more equity financing  for their companies than women, according to High Growth Women-Owned Businesses’ Access to Capital commissioned by the National Women’s Business Council. Increasing the pool of angels willing to invest in women-led companies will improve the odds of success for female founders.

Heather Courtney

Next Wave Impact Fund Investors

One form of equity financing is angel investment. Angels invested $21.3 billion in 2016, according to the Center for Venture Research at the University of New Hampshire. An angel investor must be accredited, meaning she or he must generate an annual income of $200,000 ($300,000 as a couple) and/or have a minimum net worth of $1 million, in addition to their home. From 2006 to 2016, as the number of women angels has doubled, there has been a corresponding increase in the number of female founders getting funded — nearly doubling from 7,037 to 13,962.

Alicia Robb is a researcher and Ph.D. economist specializing in entrepreneurship and entrepreneurial finance. She also was a Senior Fellow at the Kauffman Foundation, writing two books on women entrepreneurs. Her research revealed several barriers to women and minorities who want to become angel investors:

  • not being asked
  • not knowing what angel investing is
  • not knowing other angel investor to work with
  • not seeing deal flow
  • not wanting to make a large investment. The median investment size is $25,000, according to Angel Capital Association. Because no single investment is a guaranteed winner, to be successful, angels invest in 10 to 20 companies over the course of 5 to 7 years

For the past couple of years, Robb has been testing a new model to remove those barriers and bring on more angel investors. The model —  learn by doing — is a well-known technique in which you learn through practice and iteration but it had not been applied to training up angel investors.

She formed a micro-investment firm, Next Wave Ventures, in which 90 new or relatively new women angel investors who are mentored by nine experienced women angel investors. Together they invest in a fund. The experienced investors lead deal flow, due diligence and making the investment decision. In the first fund, Rising Tide, 99 women invested $10,000 in the 10 U.S. companies over the course of a year. The Kauffman Foundation, which researches and advocates on behalf of entrepreneurs, underwrote the creation of the educational and training component, which is available to anyone.

“We’re rethinking the [angel] financing model,” said Robb. “Instead of seeking unicorns, we’re looking for zebras.” Unicorns are tech startups that scale relatively quickly into billion dollar plus companies. Along the way, “eight of 10 fail, one returns the investment and one is a home run,” said Robb. Zebras, on the other hand, are less likely to go bust, make both a financial and social return, and band together to support each other, according to the women — Jennifer Brandel, Astrid Scholz, Aniyia Williams and Mara Zepeda — who coined the term. Their goal is sustainable prosperity.

Zebras — which also tend to be started by women and under-represented groups —  mean less volatility in the overall portfolio. The idea is if more companies survive, even without a Facebook, Google or Uber, the overall portfolio will do better.

Category : General

Ohio State program encourages women to shine as entrepreneurs

Posted: April 19, 2018

From Tech Transfer Central’s Tech Transfer eNews Blog:

A program at Ohio State University (OSU) is trying to close the gap between men and women entrepreneurs by helping female innovators overcome major challenges in the industry.

REACH for Commercialization is meant to provide insight into both the commercialization process and each woman’s individual management style. Participants are introduced to successful OSU female entrepreneurs and to the resources and personnel at the university’s Technology and Commercialization Office (TCO).

According to studies, female researchers are much less likely than men to obtain a patent, which is the first step of commercialization. Caroline Crisafulli, entrepreneur in residence at REACH, says that “women are less likely to start the process unless they have all the answers,” and that when it comes to entrepreneurship, “men are more aggressive about getting networks together.”

OSU grad student Ashanti Matlock says that REACH helped her resist the urge toward perfectionism and self-doubt, a trait that she believes a number of other women in the program also shared. By helping her to understand and develop her own approaches to challenges, REACH encouraged Matlock to focus on “acknowledging what I’m good at and building on that instead of what I’m not good at.”

Crisafulli adds that, because women often see things differently than men, a higher number of women entrepreneurs would mean adapting commercialization programs to their unique characteristics and challenges. While that may require some gender-specific outreach and programming, it’s by no mean an insurmountable barrier.

“Women don’t need to make themselves like men,” she says. “We need to embrace the wonderful attributes that we have. My personal opinion is that women can be phenomenal entrepreneurs.”

Source: Science

Category : General

Celebrate World Intellectual Property Day on April 26th

Posted: April 13, 2018

Powering change: Women in innovation and creativity

Every April 26, we celebrate World Intellectual Property Day to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.

This year’s World Intellectual Property Day campaign celebrates the brilliance, ingenuity, curiosity and courage of the women who are driving change in our world and shaping our common future. Learn more at http://www.wipo.int/ip-outreach/en/ipday/.

Category : General

JONES AWARDED FULBRIGHT US SCHOLAR GRANT

Posted: April 12, 2018

Kay Bea Jones, professor of architecture, is the recipient of a prestigious 2018-2019 Fulbright U.S. Scholar Grant.

Jones is researching The Architecture of Olivetti at Ivrea, Italy: Modern Symbols and Methods for Revitalization and Remediation of Industrial Architecture and Landscapes at the University of Trento from February – July 2019.

“I will be teaching, lecturing and pursuing my research in a new environment for me in Italy,” Jones said. “I look forward to developing new professional relationships and perhaps developing opportunities for student and colleague exchanges, visiting lectures and joint project teams. I anticipate that this will provide content and opportunities to complete my book oaths topic.”

Jones said the aim of this project is to investigate, analyze, assess, explore models and advocate for revitalization of historic modern industrial sites toward recognizing their cultural value and facilitating revitalization. She said the Olivetti Company headquarters in Ivrea, along with those in Pozzuoli and Matera, offer unique opportunities to show the influence of Frank Lloyd Wright’s Organicism, the aesthetic and organizational principle that architecture should be related to life and living processes, on several architects who worked for Olivetti in the immediate post-war period.

“When I practiced in Italy, first in a small studio in Florence, later in a large office in Rome, I observed the relationship between great architecture, well-scaled walkable cities and everyday life for a diverse population,” Jones said. “Italians love their architecture and cities and use them well. My years of teaching American students in Italy taught me the importance of experiential engagement and scholarship. Through researching and writing about modern design in the era of new democracies and authoritarian control, I developed a deeper knowledge of one of Italy’s key contributions to international modernity: tradition is not the opposite of the radical contemporary, but a part of it. Consider Michelangelo. Indeed, the great mid-century modern architects continue to provide lessons about the integration of the past with the present at all scales of revitalizing design.”

Category : General

Plan to Attend the College of Medicine FAME Session: Faculty Profile – Rebecca Jackson, MD

Posted: April 6, 2018

Faculty Profile – Rebecca Jackson, MD

Tuesday, April 24, 2018, 12-1pm
105 Biomedical Research Tower
Primary Audience: All Faculty
Aligns to FAME Competencies: Career Mentoring; Organizational Awareness; Professional Ethics

Faculty profiles share the personal and professional stories of senior faculty members as an opportunity for other faculty members to glean insights and make connections. Rebecca Jackson, MD, is Director of the Center for Clinical and Translational Science, Associate Dean for Clinical Research and Professor of Internal Medicine (Endocrinology).  Lunch Provided. Register by April 20: buckeyelearn.osu.edu

Category : General

REACH for Commercialization the Focus of Science Article

Posted: April 5, 2018

Caroline Crisafulli, ADVANCE’s Entrepreneur-in-Residence, discusses how REACH for Commercialization is helping empower women to bring their ideas to market in a new article for Science. Read the full story on the Science website.

Category : General