Accelerating Commercialization of UC COVID-19 Innovations
Discover how a proposal is swiftly advancing the commercialization of critical UC Health technologies through a strategic project pipeline and industry connections. Key components include prioritizing startup projects, engaging investor networks, and integration into state and federal efforts. This initiative aims to identify top projects in testing and contact tracing for rapid go-to-market strategies.
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Presentation Transcript
Proposal for Rapid Proposal for Rapid Commercialization of UC C Commercialization of UC C- -19 Project & Startup Pipeline Project & Startup Pipeline 19 June 1, 2020 Draft v4
Overview PROBLEM: How to identify the most promising technologies across UC to address the critical needs of UC Health and what s the best strategy to accelerate commercialization? PROPOSED SOLUTION: Developed a proposal to prioritize the project pipeline and approach to create industry and investor connections for rapid go-to-market. Start with contact tracing & testing solutions (a priority for UC Health). Key components include: 1. Source targets from various UC initiatives (campus I&E programs, RGPO Seed Funding, CITRIS seed fund grantees, etc.) 2. Partner with clinical domain experts and our investor & corporate network to review and rank each of the target startups/research groups (technology and market diligence) 3. Pursue 3 strategies to elevate the top-rated target startups/research projects Weekly Webinar Pitch Showcase Targeted 1:1 Intros Integration into State/Fed Reopening Efforts
Proposal for Rapid Commercialization of UC COVID-19 Project Pipeline Pilot Proposal Objectives Expected Outcome Identify subset of projects that address testing and contact tracing Consolidated list of ready-to- action pipeline distilled from three levels of diligence: Clinical (UC Health Network) Market (I&E Network) Investment (I&E Network & OCIO) ~26 UC COVID-19 Pipeline Source File Use FS6 platform to review each project and crowdsource rankings from key stakeholders (technology and market diligence) ~22 Testing Ventures ~4 Contact Tracing Ventures 1 Organize weekly webinars with industry stakeholders to pitch top-rated projects Entrepreneurs receive feedback from external audience during competition Weekly Pitch Competitions by Sector Follow-on networking, relationship building, funding, etc. 2 Solicit input from startups/ researchers on their wish list of partners and/or funders Follow-on networking, relationship building, funding, etc. Targeted 1:1 Intros to Corporate Partners Other commercialization efforts Make targeted 1:1 introductions 3 Determine if intersections with public sector reopening forums/agencies exist Follow-on networking, relationship building, funding, etc. State/Fed Reopening Efforts Other commercialization efforts Elevate top-rated projects for further acceleration
Feedback from UC Health Engaged feedback from UC Health Rachael Sak and Elvira Liclican from UCLA Clinical and Translational Science Institute. They agreed with I&E s approach. Follow up email from Rachael:
Key Activities and Timeline Week of 6-1 6-8 6-15 6-22 6-29 7-6 Consolidate Ready-to-Action List: Pipeline for Contact Tracing & Testing 1. Recruit campus I&E community, RGPO Seed Funding, CITRIS seed fund proposals, UCSC Sandbox, etc. 2. Recruit cross-functional review committee, including clinical domain experts, investors, corporate partners, etc. 3. Conduct cross-functional diligence and consolidate final ready to action list Consolidate Ready-to-Action List: External Stakeholders 1. Recruit additional external stakeholders for participation in weekly webinars (e.g. corporate partners, investors, OCIO, etc.) 2. Compile wish-list from startups/researchers 3. Leverage SGR, FGR, etc. contacts to determine viable forums at state and federal level Pending Execute each channel 1. Webinar Pitch Competition Organize platform (for webinar), program, invitees, tooling, feedback loop Launch webinar pitch competition Launch Targeted 1:1 Intros 2. Shepherd groups through initial introductions and track outcomes State/Fed Reopening Efforts 3. Pending Pending further research on viable forums
Immediate Next Steps 1. Apply to Rapid Commercialization of UC C-19 Ventures (now - June 12) Currently recruiting founders and principal investigators to apply to our pilot program for the Rapid Commercialization of UC C-19 Ventures here Outreach to~26 research projects/startups related to testing or contact tracing from various UC entities -- RGPO Seed Funding Grants, CITRIS Seed Grants, UCSC Startup Sandbox, UCLA Technology Development Group, etc 2. Application Review Committee (June 12 - June 29) Pre-identified ~18 clinical domain experts and ~19 investors, corporate partners, etc to participate on our review committee Recruitment will begin June 12 Each reviewer will be assigned applications to rate and review via F6S platform during the week of June 22 3. Organize Webinar Pitch Showcase (June 15 - June 29) Invite audience to webinar pitch competition based on top-rated ventures and organize competition Launch pitch competition week of June 29
