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Purdue University
Purdue University's
New Emerging Innovations Fund
Thursday, March 12, 1:00-2:00pm ET (10:00-11:00am PT)
With
Julie Goonewardene
(Director of Business Development, Purdue Research Foundation
& Discovery Park at Purdue University)
_______________________
Click here to download Julie's slides
_______________________
Julie Goonewardene will discuss Purdue University's New Emerging Innovations Fund.
The Emerging Innovations Fund is not a traditional research grant. Instead, it is structured as an early-stage investment with a rigorous application and qualification process. Award recipients must meet specific performance-based milestones to ensure progress is being made.
The Emerging Innovations Fund provides support to companies to advance their companies and generate follow-on investor and market interest. The ultimate goal of the Emerging Innovations Fund is to make more Purdue-generated startups “investor ready” and commercially successful.
The money to support the fund has been raised privately, and initial capitalization is $1.5 million, growing to $5 million. The fund is designed to be financially self-sustaining by making investments as a loan with equity participation.
Funds distributed through the Emerging Innovations Fund will be made on a competitive basis. Funds will be distributed based on the successful completion of agreed upon milestones and will be in the range of $20,000-$200,000. Purdue faculty, staff, students and Purdue Research Park-based companies are eligible to apply for funding, including all Indiana incubator and satellite campuses.
The Fund is organized around the three key things needed to start companies; money, people, and ideas. The Fund is open to Purdue faculty, students and staff and companies that are incubating in the Purdue parks. We have also created an online talent database where people interested in mentoring our new companies can tell us about their skills and background. We look forward to facilitating introductions between seasoned entrepreneurs and our start-ups. Additionally, our training offerings are listed on the website and organized by month. These workshops are designed to give “real world advice”. While preference is given to Purdue personnel, these workshops are open to the public. The Office of Business Development offers technology assessments that give the Purdue entrepreneur information about competitive technologies, markets, and a financial model that shows projected costs and revenues. The model is built to allow for “what if” scenarios.
For more information about The Emerging Innovations Fund, Click Here.
_______________________
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.
_______________________
Julie Goonewardene
(Director of Business Development, Purdue Research Foundation & Discovery Park at Purdue University)
Bio
Julie Goonewardene is an experienced entrepreneur who is currently leading Purdue University's new venture formation effort where she manages The Emerging Innovations Fund. She holds a joint appointment with Purdue's Discovery Park and the Purdue Research Foundation targeting University generated innovations in nano-technology, life sciences, and energy. Prior to joining Purdue she co-founded and served as the President and CEO of Cantilever Technologies, a venture backed software company which she sold in 2004 to i360. Cantilever’s customers included Fortune 500 companies such as Cummins, Brunswick and Lockheed Martin. Prior to Cantilever Julie was President of SSG, a boutique-consulting firm and cofounder of Technology Solutions (TSC). TSC went IPO three years after inception. She is the co-author of “The Right Decision for the Right Reason” and a guest lecturer at Purdue University’s Krannert School of Management. Ms. Goonewardene is a member of The Economic Club of Chicago, The Chicago Finance Exchange, and the Advisory Board - Purdue Convocations. She is also a Trustee of Springboard Enterprises, a national nonprofit venture catalyst.
New Emerging Innovations Fund
Thursday, March 12, 1:00-2:00pm ET (10:00-11:00am PT)
With
Julie Goonewardene
(Director of Business Development, Purdue Research Foundation
& Discovery Park at Purdue University)
_______________________
Click here to download Julie's slides
_______________________
Julie Goonewardene will discuss Purdue University's New Emerging Innovations Fund.
The Emerging Innovations Fund is not a traditional research grant. Instead, it is structured as an early-stage investment with a rigorous application and qualification process. Award recipients must meet specific performance-based milestones to ensure progress is being made.
The Emerging Innovations Fund provides support to companies to advance their companies and generate follow-on investor and market interest. The ultimate goal of the Emerging Innovations Fund is to make more Purdue-generated startups “investor ready” and commercially successful.
The money to support the fund has been raised privately, and initial capitalization is $1.5 million, growing to $5 million. The fund is designed to be financially self-sustaining by making investments as a loan with equity participation.
Funds distributed through the Emerging Innovations Fund will be made on a competitive basis. Funds will be distributed based on the successful completion of agreed upon milestones and will be in the range of $20,000-$200,000. Purdue faculty, staff, students and Purdue Research Park-based companies are eligible to apply for funding, including all Indiana incubator and satellite campuses.
The Fund is organized around the three key things needed to start companies; money, people, and ideas. The Fund is open to Purdue faculty, students and staff and companies that are incubating in the Purdue parks. We have also created an online talent database where people interested in mentoring our new companies can tell us about their skills and background. We look forward to facilitating introductions between seasoned entrepreneurs and our start-ups. Additionally, our training offerings are listed on the website and organized by month. These workshops are designed to give “real world advice”. While preference is given to Purdue personnel, these workshops are open to the public. The Office of Business Development offers technology assessments that give the Purdue entrepreneur information about competitive technologies, markets, and a financial model that shows projected costs and revenues. The model is built to allow for “what if” scenarios.
For more information about The Emerging Innovations Fund, Click Here.
_______________________
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.
_______________________
Julie Goonewardene
(Director of Business Development, Purdue Research Foundation & Discovery Park at Purdue University)
Bio
Julie Goonewardene is an experienced entrepreneur who is currently leading Purdue University's new venture formation effort where she manages The Emerging Innovations Fund. She holds a joint appointment with Purdue's Discovery Park and the Purdue Research Foundation targeting University generated innovations in nano-technology, life sciences, and energy. Prior to joining Purdue she co-founded and served as the President and CEO of Cantilever Technologies, a venture backed software company which she sold in 2004 to i360. Cantilever’s customers included Fortune 500 companies such as Cummins, Brunswick and Lockheed Martin. Prior to Cantilever Julie was President of SSG, a boutique-consulting firm and cofounder of Technology Solutions (TSC). TSC went IPO three years after inception. She is the co-author of “The Right Decision for the Right Reason” and a guest lecturer at Purdue University’s Krannert School of Management. Ms. Goonewardene is a member of The Economic Club of Chicago, The Chicago Finance Exchange, and the Advisory Board - Purdue Convocations. She is also a Trustee of Springboard Enterprises, a national nonprofit venture catalyst.