Life Science Washington Innovation and Commercialization Program - - PowerPoint PPT Presentation

Life Science Washington Innovation and Commercialization Program

Linette Demers, PhD Vice President Commercialization Life Science Washington

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• Washington’s Life Science Trade Association
• Mission: To support and help grow Washington’s life science industry
• 501(c) 6 Non-Profit
• ~650 members
• Strategic Priorities;
• Commercialization
• Capital formation
• Talent
• Policy
• Group purchasing
• Building community

Life Science Washington

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Common pitfalls …

• Elegant solutions to non-problems
• Not doing enough upfront

homework

• Wasting resources on overly

complex products

• Features that are not

important but increase cost, complexity and risk

• In love with the technology or

science

• Non-investable management

pitching the company

What Could Go Wrong?

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• 1. Advice and Education:
• Pro-bono consult program
• Biopharma/Med Tech
• Digital health
• Global health

commercialization

• WIN Mentoring Program
• Team-based entrepreneur

mentoring for promising seed-stage ventures

How Can We Help?

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• Where to start? A pro-bono consult with an expert!
• A sounding board for pitch coaching, capital formation advise, and more
• Schedule a consult by contacting Linette@lifescienceWA.org

Commercialization Consulting

Chris Porter Experienced serial entrepreneur Geof Baker Digital health & HIT consultant Paul LeBarre Global health technology expert Lotte Steuten Health economics and value expert

Our Expert Consultants

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WIN Entrepreneur Mentoring Program

• The WIN Mentoring Program gives

promising early stage WA Life Science ventures world-class advice & assistance through their most critical stages.

• Entrepreneurs receive advice from

teams of professional with deep and diverse expertise in commercialization and business execution.

• Apply to join!

Linette@lifescienceWA.org WIN: Milestone-focused team mentoring for early stage life science ventures

Business Milestone Focus Areas: Ø Company Formation Ø Regulatory and Reimbursement Strategy Ø Product Development and Management Ø Business Operations Ø Sales and Market Strategy

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How Can We Help?

• Non-Dilutive Funding
• SBIR/STTR Grant writing

Support

• Venture Investment and

Partnering Forum connections to:

• Venture Capital
• Strategic Investors
• Angel Capital
• WINGS – The Med Tech

Angels

• 2. Partnerships and Capital Formation

• WINGS is a non-profit angel network that

facilitates seed and early stage investments for medical technology companies in WA State.

• Formed in 2010
• 38 WINGS angels (2015)
• 19 companies have received WINGS

investments 2010-2015, totaling over $11M.

• Medical Technology Focus:
• Therapeutic and Diagnostic Devices
• Healthcare IT
• Healthcare Delivery Models
• Unregulated biotech development tools

WINGS – The Med Tech Angels

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Venture Investing and Partnering (VIP)Forum

“…accelerate the development of promising technology in cardiovascular, metabolic and neurovascular disease through targeted investments in and support of early stage venture…” “…new products focused in the areas of respiratory, infectious diseases, immune- inflammation, immune-oncology, dermatology,

• rphan diseases, metabolic pathways,

neuroscience and cardiovascular. We would also like to meet with companies who have novel platform technologies…”

VIP Forum @ LSINW June 1-2

8 VIPS including…

‘VIPs’:

• Strategics or VCs seeking investments

and strategic partnerships in WA State

• Participate in a ‘VIP Partnering Day’

You:

• Want to meet visiting strategic

partners or investors

• Submit an application describing

your venture/innovation/research

• Attend plenary and networking

session

• If selected, meet 1:1 with VIP for 30

minutes

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How Can We Help?

• 3. Connections and Networking
• >60 education and networking

events annually

• Life Science Innovation

Northwest June 1-2

• Call us!
• Lab space, talent, referrals

to specialized expertise, discounts through BIO purchasing program, etc…

Linette@lifescienceWA.org

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Life Science Washington Commercialization Programs: How Can We Help?

RESEARCH SEED SERIES A SERIES B SERIES C/ EXPANSION

PROOF OF PRINCIPLE/ FEASIBILITY PROOF OF CONCEPT PRODUCT DEVELOPMENT COMMERCIALIZATION, MARKETING, SALES, MANUFACTURING REVENUE/EXIT

Commercialization Consulting

Advice & guidance on what it takes to start, fund and run a life sciences company. Includes our BioEntrepreneur Startup Kit and pitch coaching in biopharma, medical technology, digital health, and global health

Venture Investment and Partnering (VIP) Forums

Informative Plenary Session, networking with VIP executives and other entrepreneurs, one-on-one meetings with visiting venture capital and strategic investors

WINGS: The Medtech Angel Network

An investor network focused on seed and early-stage medical technology and digital health/HIT

Non-Dilutive Funding

Grant-specific programming and one-on-one meetings with NIH SBIR/STTR and other granting agencies Questions about any of these programs? Contact Linette Demers (linette@lifesciencewa.org) for more information

Washington Innovation Network (WIN) Mentoring Program

A team-based approach to provide young companies with advice & guidance from seasoned entrepreneurs