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Georgia Tech's VentureLab
Wednesday, April 22, 1:00-2:30pm ET (10:00-11:30am PT)



With

Stephen Fleming

(Chief Commercialization Officer)



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Click here to download Stephen's slides

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Stephen Fleming will discuss Georgia Tech successful VentureLab program.

University research is becoming an increasingly important source of the innovations that fuel today’s successful companies. With more than $400 million in research, Georgia Tech’s innovation engine produces more than 300 invention disclosures annually. These innovations have led to formation of a broad range of new companies.

Georgia Tech VentureLab provides comprehensive assistance to Georgia Tech faculty members, research staff members and graduate students who want to form startup companies to commercialize the technology innovations they have developed.

As a one-stop center for technology commercialization, VentureLab provides a clear pathway from laboratory innovation to the commercial market. VentureLab specialists help transform innovations into early-stage companies by assisting in business plan development, connecting the innovators with experienced entrepreneurs, locating sources of early-stage financing, and preparing the new companies for the business world. Graduates of the VentureLab program may apply for admission to the Advanced Technology Development Center (ATDC), also a unit of the Enterprise Innovation Institute, or EmTech Bio, an incubator operated by Georgia Tech and Emory University.

VentureLab helps faculty members, research staff members and graduate students answer such questions as: * Is there a commercial market for my innovation? * What should my role be in building a company based on the innovation? * What are the steps between laboratory discovery and commercial product or service?

Formed in 2001 and part of Georgia Tech’s Commercialization Services, VentureLab builds on more than 25 years of experience at the ATDC – one of the nation’s most prestigious and successful technology incubators.

In collaboration with specialists in Georgia Tech’s Commercialization Services, innovators receive assistance in four key areas:

Technology Evaluation: Technology evaluation specialists work with Georgia Tech faculty members, research staff members or graduate students, helping them evaluate the potential commercial value of their innovations and determine the appropriate commercialization route -- whether formation of a startup company, licensing of the technology to an existing corporation, or creation of a “lifestyle” or consulting entity.

Commercialization Workshops and Seminars: VentureLab workshops and seminars explain such topics as intellectual property protection, the licensing procedure, the company startup process and what venture capital firms look for in making investments.

VentureLab Fellows: For technologies that could form the basis of fast-growth startup companies, VentureLab makes a direct connection to the marketplace through VentureLab Fellows -- experienced entrepreneurs who use their market knowledge to evaluate innovations and build new companies on those that meet a demonstrated commercial need. By connecting faculty members, research staff members and graduate students with proven entrepreneurs, VentureLab builds teams that can launch successful technology companies.

VentureLab Commercialization Awards: The gap between research result and commercial product is often significant. Among the largest of the obstacles is the need for financing to generate a prototype or proof-of-concept needed to demonstrate the commercial potential of an innovation. Supported by the Georgia Research Alliance (GRA), VentureLab Commercialization Awards help bridge that gap, offering the funding needed to advance the technology and make the resulting company attractive to investors.

For more information about the Georgia Tech VentureLab, Click Here.


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COST: Free, but registration required. Long distance charges from your phone company may apply depending your phone plan.

HOW TO PARTICIPATE?: This webinar is online. You need a computer with web access for the visual and a regular phone line to hear the audio. Q&A is conducted by a chat box to the speakers.

WHO SHOULD PARTICIPATE IN THE WEBINAR?: This webinar is open to the public and anyone interested in the Innovation Economy and what universities are doing to create startups in their region is invited to attend.

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Stephen Fleming
(Chief Commercialization Officer)

Bio

Stephen Fleming has 14 years of private equity experience at the General Partner level. Prior to his venture capital career, he spent 15 years in operations roles at AT&T Bell Laboratories, Nortel Networks, and LICOM (a venture-funded startup). An Atlanta native and summa cum laude graduate of Georgia Tech, Stephen returned to his alma mater in mid-2005 as Chief Commercialization Officer. His appointment led a reorganization designed to streamline the handling of intellectual property, accelerate the licensing of technology, and make the Institute's resources more readily accessible to business and industry. In addition to his role at Georgia Tech, he is also a member of the Investment Committee of the Seraph Group, an early-stage venture capital firm. Stephen is active in the "alternative space" industry; he is an investor in three private aerospace companies and is a founding member of the Space Angels Network. Mr. Fleming also serves on the Boards of Trustees for the Spiritual Living Center of Atlanta and for Tech High School, a charter high school emphasizing science, math, and technology in urban Atlanta.


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