On Tuesday September 7, I will moderate a panel on this subject for the IEEE Entrepreneurs’ Network (ENET) in Waltham, MA, as ENET kicks off its 20th year. Learn what it takes to launch your idea into a successful company from those who have done it. Learn from three entrepreneurs who have stepped out on their own and had success in launching and developing their companies. This meeting will focus on things the entrepreneur did in the early days – planning, organizing and actions launching – that ultimately led to a successful venture. Our three speakers, whom I recruited and who will each offer their experience starting companies and investing in companies (one speaker is an angel and another, a VC), are as follows:
- Eric Giler, CEO of WiTricity that commercializes an exciting new technology for wireless electricity (www.WiTricity.com ). Mass Technology Leadership Council named WiTricity “Emerging Innovative Company of 2009” and Mass High Tech named Eric an “All-Star of New England Innovation Economy”.
- Martin Clifford, CEO of Sittercity, a company whose web site matches parents with local babysitters, nannies, dog walkers, senior care providers and tutors, with over a million caregiver profiles nationwide (www.sittercity.com )
- William Rodriguez, MD, CEO of Daktari Diagnostics, a company focused on the most pressing challenges in global health, developing simple, accurate, and affordable products that deliver critical diagnostic information to clinicians and patients across the globe (www.daktaridx.com ).
* * *
Besides this presentation, I also remain active in the IEEE Boston Entrepreneurs’ Network (ENET) (www.boston-enet.org ), where I have been on the Board for the last eight years, and now serve as Chairman. In September 2009, I led my first meeting as ENET chairman, ENET’s kickoff event for 2009-2010, also a panel discussion on Launching Your Successful Company and was able to assist our moderator to recruit two of outstanding panel speakers for that evening: Jack Derby and Alain Hanover. In February 2010, I moderated the ENET panel on Licensing Technology, which included the following issues:
- Licensing technology from hospitals and universities from the startup company perspective, including what terms and payment structures does the entrepreneur or VCs seek in licensing. What royalty, license fees and milestones, equity, sublicensing, royalty stacking and other terms?
- Licensing technology from the university perspective to early stage companies, including more on licensing terms and insights – dos and don’ts – for entrepreneurs and startup companies to successfully license technology.
- The company as licensor – the terms that a small or mid size high tech company seeks as it licenses out its technology to generate revenue, to acquire technology through cross-licensing, to secures sources of supply, to maximizes incentives for sales and market traction, and implications for mergers and acquisitions..
For the article I wrote on this presentation on Licensing Technology including speaker bios for that evening, that appeared in the February 2010 Reflector, see http://www.ieeeboston.org/org/subgroups/entrepreneurs_network.html#feb2
Additionally, I arranged for ENET’s last event, our 8th annual Sunset Networking Cruise of Boston Harbor that occurred July 13, 2010. This cruise, our “EntrepreneurShip 2010” was joined by our partners MDG – Medical Development Group, the EntreTech Forum and IEEE Consultants’ Network, was sold out and achieved our best attendance yet, 200 on board. http://boston-enet.org/boatcruise2010.htm