NIH SEED’s Post

This is a biased post... As a scientist, I have a bias towards using scientific methods to solve problems. It took me a decade to realize that this methodology can be applied to almost any situation. The key to solving a problem lies in defining it. Often the most important yet neglected part of the problem-solving process, is defining the question/problem to solve. This ensures resources are channeled towards solving the problem at its roots. Many times, we tend to fall back on past experiences instead of understanding the root of the issue. This often leads to ineffective strategies and failed campaigns. While it may be time-consuming to understand data and make sense of the problem, the time spent is often worth it as the solutions will be focused. What is the problem to solve? What method to solve and how to measure the outcome? What is the difference in outcome before and after? What is the recommendation? These are the questions that need to be answered to effectively solve a problem. Search for reason why we may be wrong and not reason why we must be right. Read more about how founders can apply the scientific method to their startup here: https://lnkd.in/gyB53vgQ #learnrelearnunlearn #ScientificMethod #ProblemSolving #BiasAwareness #DataDriven #RootCauseAnalysis #EffectiveStrategies #StartupScience #HBRInsights

Science Inc. alumni know that The Innovation Space is here to support their entrepreneurial journey. For the founders of Baleena, this support was critical on the road to commercialization. "The Science Inc. team was so helpful in lending a hand and offering us resources as we built our business," said Baleena's co-founders. "Being part of the 2023 cohort reminded us how lucky we are to be entrepreneurs trying to make change. The one-on-one mentorship was invaluable, and we loved meeting and getting to know everyone." Check out the attached short video for some FAQs about Science Inc. Have other questions? Let us know in the comments. Apply for Science Inc. by July 11: https://lnkd.in/eNY-aeES

I’m excited to announce that I’ll be speaking at a live workshop alongside a brilliant team of experts as part of 𝐍𝐒𝐖 𝐒𝐦𝐚𝐥𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐧𝐭𝐡. We’ll cover the essential steps you need to take to turn your innovation into something that can make money.  You’ll hear from five experts, including myself, on: ▪️ How to turn your idea or patent into a real product. ▪️ Common mistakes to avoid after you get a patent. ▪️ How to find the right help with product development, marketing, and manufacturing. ▪️ Ways to get government grants and support. It’s a great opportunity to learn from people who’ve done it before and meet other inventors and entrepreneurs like you! 📅 𝐖𝐡𝐞𝐧? Friday, 𝟐𝟓𝐭𝐡 𝐎𝐜𝐭𝐨𝐛𝐞𝐫, 𝐟𝐫𝐨𝐦 𝟏𝟏:𝟑𝟎 𝐀𝐌 𝐭𝐨 𝟏:𝟎𝟎 𝐏𝐌 📍 𝐖𝐡𝐞𝐫𝐞? You can join us 𝐢𝐧 𝐩𝐞𝐫𝐬𝐨𝐧 𝐚𝐭 𝐂𝐥𝐮𝐛 𝐅𝐢𝐯𝐞 𝐃𝐨𝐜𝐤 𝐑𝐒𝐋 𝐢𝐧 𝐒𝐲𝐝𝐧𝐞𝐲 𝐨𝐫 𝐎𝐧𝐥𝐢𝐧𝐞. Click on the links in the comment to register! #SmallBusinessNSW #BusinessGrowth #InnovationToMarket #BusinessDevelopment #BusinessInnovation

"I think that one of the major contributions of universities to society is indeed their ability translate research, innovation, discoveries that are made at the bench into commercially viable products. And this is important because you can spur the economy of the region surrounding the university or the entire nation, depending, of course, on the type of technology you are dealing with." —Andrea Giuffrida, PhD, MBA Unlocking the full potential of today's research can transform the world, but the path from innovation to industry isn't always easy—or straightforward. Creating robust entrepreneurial ecosystems requires connecting academia, industry leaders, investors, and potential partners in ways that foster advanced collaboration. The Research Dashboard from OpenScholar streamlines the process of identifying and leveraging collaborative, industry, and funding opportunities for today's most promising research, leading to advanced outcomes and market success with real-world products that can help create a better future. 🔗 Learn more: https://lnkd.in/e8B568XH #innovationtoindustry #innovationeconomy #techtransfer #researchcollaboration #entrepreneurship #thoughtleadership

Join us for an engaging webinar hosted in partnership with the Space Force CTIO, as we delve into the fascinating realm of technology transfer from research to commercial success. This event is tailored specifically for USSF-affiliated university researchers, aiming to inspire and equip them for successful commercialization of their innovative technologies but also open to anyone interested in this subject. Attendees will have the invaluable opportunity to learn from the firsthand experiences of three accomplished entrepreneurs who have navigated the intricate path from laboratory prototypes to thriving commercial ventures. Through their stories, we will uncover the key strategies and insights that paved the way for their triumphs, while also addressing the challenges and pitfalls they encountered along the journey. From understanding the essential steps to achieving commercial success, to navigating the intricacies of technology transfer, this webinar will provide attendees with actionable tips, tricks, and invaluable advice. Furthermore, our speakers will candidly reflect on their experiences, sharing what they would change and what they would do the same if given the chance to embark on their entrepreneurial journey once again. Don't miss this opportunity to gain invaluable insights and guidance on how to transform your groundbreaking research into tangible commercial ventures. Register now and embark on your journey towards tech transfer success! https://loom.ly/8CkeMp8 Gary White| Andrew Clark| Douglas Campbell

Tina Thornton is an Assistant Professor of Medicine in the Immunobiology Unit of The Robert Larner, M.D. College of Medicine at The University of Vermont, and the co-director of I-Trep, a UVM-based biomedical entrepreneurship training initiative. Her combination of research and innovation experience makes her an excellent representative of the University of Vermont as their IN I-Corps Faculty Lead and a valued member of our instructor team!   Q: What motivated you to become an I-Corps instructor?  A: I confess that early on in my quest to find resources to help myself and others translate their research, I was ambivalent about I-Corps. I had heard tales of mixed experiences from second and third-hand sources. However, I became a convert when I saw what an impact the quality application of the I-Corps methodology could have on early ventures. More of that, please! I was compelled to get involved and bring this to more folks in need.    Q: What one piece of advice do you have for new entrepreneurs?  A: Get connected with an NSF-funded hub like our IN I-Corps Hub early in your journey! We will guide and support you to help you get the most out of the customer discovery process. It requires time and commitment, but I haven't seen a more evidence-based way for innovators to get the data they must have to go forward or pivot with confidence. Stop just thinking and reading about it. Take action and reach out today!    Ready to take Tina’s advice? Apply for an I-Corps regional course now: https://lnkd.in/gnXHPnyN 

What is a #businessmodel? How can I create an innovative #businessmodel as a company? What tools should I use for this? These are just a few of the subjects I covered with enthusiastic students during my #BusinessModelManagement seminar in May and June this year.   New technologies and a stronger focus on sustainability are just two factors that enable innovative business models. In order to remain competitive, companies must actively engage in the development and innovation of their business model. To prepare students for this assignment, we played the LEAP business model game throughout the lecture, which firms can utilize to generate innovative #businessmodels. Furthermore, we examined and discussed real-life examples as well as recent research findings on #businessmodelinnovation.   Julian Kainz of Moshbit illustrated the value of business model creation for start-ups in his #GuestLecture. He also shared insights into the development of Studo's #businessmodel. Many thanks for that, Julian Kainz!

Transforming Scientific Research into Impactful Products Hello Innovators and Trailblazers, As we work to turn scientific research into meaningful products, we must acknowledge the challenges we face. The journey from lab to market is tough but full of opportunities for growth. Challenges 1. Cost Implications: -Funding Gaps: Many ideas struggle due to lack of funding. - Resource Allocation: Balancing research and product development is challenging. 2. Navigating Regulation: - Compliance Complexity: Understanding regulatory requirements takes time. - Approval Timelines: Delays can hinder product launches. 3. Technical Limitations: - Scalability Issues: Lab successes may not easily scale. - Finding Market Fit: Extensive testing is necessary for consumer resonance. Turning Challenges into Opportunities 1. Innovative Funding Models: Explore venture capital, grants, and crowdfunding. 2. Building Regulatory Relationships: Collaborate with experts early to streamline approvals. 3. Emphasizing Market Research: Engage users during development to meet real needs. 4. Adopting Agile Practices: Iterate quickly based on feedback. 5. Commitment to Continuous Learning: Pursue growth through education and hands-on experiences. In conclusion, while the commercialization of scientific research is challenging, it’s a rewarding journey of innovation. Let’s tackle these obstacles together in a spirit of collaboration. #MicrobiologyAndFoodScience #Day20of25 #Innovation #Commercialization #ResearchAndDevelopment #Entrepreneurship #ScienceToMarket

Tomorrow, Thursday 05/23/2024, is the deadline to register for this course Summer 2024 UW-Madison I-Corps | June 13–July 25 This free, six-week virtual workshop uses evidence-based strategies for achieving entrepreneurial success and is open to research faculty, staff, and students at any higher education institution. Learning Objectives: · Develop familiarity with Lean LaunchPad concepts and tools such as customer discovery, ecosystem mapping, and the Value Proposition Canvas · Understand customers’ problems (“pain points”) from THEIR perspective. · Map your customer ecosystem to understand customer roles, requirements, and decision processes. · Build connections to the commercial ecosystem (i.e. customers, suppliers, funders) for your innovation Learn more and register now: https://lnkd.in/eg5RGC5W #technology #innovation #NSF #Entrepreneurship

If You Fail Never Give Up Because... FAIL stands for First Attempt In Learning, and highlights the importance of perseverance and continuous learning in the face of failure.  Failure is synonymous with experimentation, and as all scientists and entrepreneurs know, experimentation is the foundation of innovation. To innovate, we need to bounce back after failure and learn from your mistakes. Follow me at David Sym-Smith for More Tips Credit Dr. A.P.J. Abdul Kalam #persistencepaysoff #growthmindset #foodforthought #learningjourney