Maricopa SBDC Technology Program
Technology has been identified as one of Arizona’s high impact growth industry with several Universities, Community Colleges, City and other non-profit supported incubators and funding Arizona continues to be a supportive environment for early to late stage high-tech businesses.
We help entrepreneurs bridge the gap between technology development and commercialization. The Technology Commercialization Services team provides one-on-one business counseling and advice to small business owners, university researchers, and entrepreneurs looking to advance their innovations to the marketplace. These innovations typically involve intellectual property that contributes to a strong competitive advantage in the marketplace, and serves as a foundation for the business. This includes individuals and firms engaged in engineering, biosciences, information technology, agriculture, and similar high-tech areas whether it involves research and development or the innovation of existing technology to be applied in new ways.
Scope of Services
One-on-One counseling (at no cost to the client) is available to science and engineering oriented companies engaged in research and development, technology transfer, technology licensing and development as well as companies seeking to pursue SBIR/STTR or other government contracts.
Maricopa SBDC developed and delivered TechEDge course, as a result of a grant from City of Chandler in 2011, with training workshops designed to help tech start-ups launch their products successfully.
TechEDge is an intensive, entrepreneurship course that the SBDC offers for startup and emerging technology companies. It requires all attendees to complete Technology Readiness Level Assessment (TRL).
During the series of workshops, attendees receive advice directly from subject matter experts that will help answer questions such as:
- How do I develop an effective business model and strategy?
- How do I protect my IP?
- Who are my target customers and how do I find them?
- How do I set up a financial/operations system?
- How do I get the funding I need to grow my company?
- How can I be sure I’m hiring the right people?
The highly competitive Small Business Innovation Research (SBIR) program is a Federal funding opportunity with over $2 billion available to support research and development projects. The complementary Small Business Technology Transfer (STTR) program uses a similar approach to fund public/private sector partnerships between small businesses and universities or research institutions.
- We provide:
- Program overview and suitability counseling
- Counseling in proposal outlining and preparation
- Proposal review and analysis for compliance and competitiveness
- Post Phase I follow-up and Phase II preparation support
Alternate Financial Sources
Lack of sufficient capital has been the cause of many business failures. While working with SBDC technology coordinator, entrepreneurs learn about the different funding options that are available, assess and plan per venture readiness level, how to tailor an investor pitch to each type, funding that’s available through the government and alternative sources of financing.
We provide following guidance:
- Identify alternate funding sources
- Preparing Angel or Venture-Capital Pitch/Presentations
- General education on Angel/VC financing
- Service provider referrals (finance, legal, accounting, etc.)
- Coaching on elevator speech development
- Angel and venture capital referrals
- Funding proposals and executive summary presentations
Technology Transfer & Licensing
SBDC works closely with Universities and other organizations to help foster commercialization of revolutionary technologies.
We provide following guidance:
- Product and market feasibility studies/investigation
- Identifying and obtaining suitable technology for transfer or license
- Strategies for integrating and/or commercializing transferred or licensed technology
- Business planning to support commercialization
Intellectual Property Protection Support
Once you’ve identified a “hot” new product or service, you need to protect it. With the SBDC counseling, you’ll learn the importance of protecting your intellectual property through the use of patents, copyrights and trademarks, how you can benefit by licensing technology, and how to protect your business interests if you decide to license someone else’s technology.
We provide following support:
- Learn why intellectual property protection is important.
- Learn how to know when you need a patent, trademark or copyright.
- Understand the benefits and potential problems associated with licensing technology.
- Learn how to protect your business interests if you license your technology.
- Understand how to protect your business interests if you license someone else’s technology.
- Learn how to maximize the value of your inventions by strategically navigating the patent application process.