COVERGENCE GAP SUMMIT / 25% EARLY BIRD THROUGH JULY
COVERGENCE 2023
6th Annual Research Institution Tech + Startup Gap Fund & Accelerator Program Summit
Translational Research | Proof of Concept | Startup and Venture Funds and Support
HELD October 18-20, 2023
Tucson, AZ
HOST AND LEAD SPONSOR
presented by
SPONSORED BY
Download event overview:
Why Covergence?
The lack of true early-stage capital and innovation developmental support is a major challenge in advancing promising university technology from the lab to commercial and investment partners.
Research institutions are leading through the implementation of university gap funding (proof of concept, startup, venture) and accelerator programs to bridge this “valley of death”. Over the past 15 years, these programs have evolved into sophisticated investment, evaluation, development, and commercialization support mechanisms to nurture the most promising opportunities in emerging, high-growth technology areas.
Smart companies and investors are taking notice and making it a strategic, external innovation and investment priority to partner with these university gap fund and accelerator programs through applied research, proof of concept projects, corporate venture investments, and advisory/mentorship in return for insights, competitive positioning, and access to future technology and start-ups.
COVERGENCE is where we meet, learn, and talk about what we can do together to catalyze innovation through university gap fund and accelerator programs
Right People
University POC/startup/venture GAP programs, corporate innovation, and investment leaders converge to share and learn about early stage innovation trends, collaboration practices and emerging IP, proof of concept projects, and startups
Right SIze
We all know that oversubscribed events lead to many hit-miss, high-level exchanges. Our strategy is to go targeted to allow everyone to meet and forge foundational relationships. We do this by making sure that we are inviting the right people to fill those seats.
Right Content
GAP Core Content
Sessions and discussions led by fund managers and leaders focused on best practice areas and common challenges (directed at GAP fund managers)
GAP Relationship-building
Plenty of opportunities for peer-to-peer exchange through open discussion, online event platform, breaks, Partnering Receptions, and The Happiest of Hours
Did You Know...?
Over the past 15 years, research institutions have deployed nearly $700MM of their own gap fund capital to support promising technologies and startups. GAP program efforts have resulted in nearly 1000 corporate licensed technologies and 1500 startup companies, attracting more than $8B in direct-follow-on private and corporate investment. What’s more is that 80% of these opportunities originated from institutions outside of Boston, New York, and Silicon Valley.
BEFORE COVERGENCE
COVERGENCE starts long before we meet in Tucson! Some opportunities for registered participants include:
- Access to COVERGENCE event platform to begin connecting with participants, provide input on Summit agenda, and access shared resources
- Research Institutions and partners can leverage the scheduling platform to connect with corporate and investment groups for 30min program/portfolio briefs
- Corporate Innovation and Investors can submit challenges or interest through the event platform or actively run a BRIDGE program to review tech/startups prior to event
BEFORE COVERGENCE
COVERGENCE starts long before we meet in Salt Lake City! Some opportunities for registered participants include:
- Access to COVERGENCE event platform to begin connecting with participants, provide input on Summit agenda, and access shared resources
- Research Institutions can apply to provide a GAP program/portfolio brief and submit to COVERGENCE GAP opportunity platform for review and feedback from corporate/investor participants
- Corporate Innovation and Investors gain access to GAP program portfolio briefs and COVERGENCE GAP opportunity platform, where they can rank, rate, assess, and connect with exciting GAP opportunities and startups
- Pre-event participant communication and resources
AGENDA
3:00 - 6:00PM MT
OCTOBER 18: WELCOME DAY (Optional)
An afternoon dedicated to relationship-building between participants.
SPONSORED BY
Thursday, October 20
State of GAP
Landscape review of best practices and trends at research institution tech/startup gap fund and accelerator programs (GAP), including proof of concept programs, startup accelerators, and university venture funds
GAP Best Practice and Tactical Discussions
Thematic discussion sessions led by GAP leaders focused on best practice areas and common challenges, including:
Targeted Discussion Topics
- Reinvesting Royalties and Equity Returns
- Raising Philanthropic Support
- Influencing Campus Strategic Budgeting Priorities
Discussion Topics
- Marketing and Reporting Methods
- In-person Events and Showcases
- Communicating Audience-appropriate Messaging
- Getting the Attention and Support of Leadership and Stakeholders
Discussion Leaders (Topics)
- Grace Chou/ University of Nevada-Reno (Communicating during GAP formation)
- John Wilson/Innovate Calgary UCEED (GAP storytelling for internal/external stakeholders)
Discussion Topics
- Intake Process
- Tech/Startup Development and Portfolio Management Solutions
- Diligence and Evaluation Methods
- Incorporating Outside Expertise
- Managing Conflict of Interest
- Decision-making and Providing Feedback
Discussion Leaders (Focus)
- Peter Allen/Pitt Innovation Institute (Diligence Process)
- Bob Creeden/UVA Seed Fund (Venture Startup Diligence Process)
- Katie Hemphill, Northeastern Technology Ventures (Incorporating expert advisors and feedback into evaluation process)
Discussion Topics
- Managing Advisory Boards
- Building a Mentor Network
- Implementing Innovation Fellows Programs
- Working with CROs and Outside Services
- Leveraging Venture Studios and Private Accelerator Programs
Discussion Leaders (Topic)
- Greg Keenan/U Wisconsin-Madison WARF Accelerator Program (Mentor Program)
- Cristoph Pittius, City of Hope (Translational Research Program)
- Cecily Vaughn/ U Utah PIVOT (Greenhouse Model)
Discussion Topics
- Catalyzing the Commercialization Process
- Building the Innovation Ecosystem
- Creating Start-ups and Jobs
- Leveraging Follow-on Funding
- Realizing Return on Investment (ROI)
Discussion Leaders (Focus)
- Paul Corson/University of Utah PIVOT (Describing Impact)
- Doug Hockstad/Tech Launch AZ Asset Development (Reporting to Multiple “Masters”)
- Mireya McKee/UNC Kickstart Venture Services (Startup Impact)
The Happiest of Hours
Food, Drinks, and Conversation with a Mountain View. Yes, please!
Friday, October 21
GAP Collaboration
Partners will share their historical approaches and future interests in collaborating with and supporting research institutions GAP programs
1.Corporate and Investor
2.Venture Creation and Studio
3. Public Initiatives
2.Venture Creation and Studio
3. Public Initiatives
GAP Collaboration
Partners will share their historical approaches and future interests in collaborating with and supporting research institutions GAP programs
1.Corporate and Investor
2.Venture Creation and Studio
3. Public Initiatives
2.Venture Creation and Studio
3. Public Initiatives
Thursday, October 19
9:00 - 9:30 AM MT
Welcome/State of GAP
Landscape review of best practices and trends at research institution tech/startup gap fund and accelerator programs (GAP), including proof of concept programs, startup accelerators, and university venture funds
9:30 - 4:30 PM
Gap Fund/Accelerator Program Tactical Discussion Panels
Leaders of proof of concept, startup, and venture university gap funds/accelerator programs will take the stage to moderate an all-participant open discussion on models, approaches, and common challenges.
Targeted Discussion Topics
- Reinvesting Royalties and Equity Returns
- Raising Philanthropic Support
- Influencing Campus Strategic Budgeting Priorities
- Strategies to Sustain and Grow GAP Program Funding
Targeted Discussion Topics:
- Staffing with required skill sets, using FTEs, contractors, and volunteers.
- Budgeting for non-staff related operations.
- Leveraging relationships with other campus units (Technology Transfer Office, Development/Advancement, Colleges, etc).
Targeted Discussion Topics:
- GAP process management
- Decision-making/authority
- Protecting against conflicts of interest
Discussion Topics:
- Identifying technical SMEs and business talent for funded projects and startups
- Managing advisory boards
- Building a mentor network
- Implementing innovation fellows programs
- Working with CROs and outside services
- Creating effective spaces and incubation for startups
Discussion Topics:
- Graduated project and startup portfolio management / relationship maintenance
- Programs to incorporate commercialization and investment partners into active and graduated projects and startups
- Corporate and investor network-building strategies
Impact Areas:
- Catalyzing the commercialization process.
- Building the innovation ecosystem.
- Creating startups and jobs.
- Leveraging follow-on funding.
- Realizing return on investment (ROI).
Methods:
- Marketing and reporting methods.
- In-person events and showcases.
- Communicating audience-appropriate messaging.
- Getting the attention and support of leadership and stakeholders.
4:30 - 6:00 PM MT
The Happiest of Hours
Debrief the day on a beautiful patio with a mountain view. Let’s go!
Friday, October 20
10:00AM - 12:00 PM MT
GAP Collaborators
Venture Capital + Angel
Venture, and angel models have evolved in recent years, opening up avenues for earlier stage investment and collaboration. The presenters and panelists will share their historical approaches, areas of interest, and opportunities for collaborating and investing with research institutions, GAP technologies, and startups.
Venture Development + Studios
Emerging models of venture creation, venture development, and venture studio are bringing their funding, talent, space, and networks to research institutions for applied research, proof of concept, and startups. Find out how they work and how they can help supplement your GAP programs.
Federal + State GAP Programs
Federal and state agencies have stepped up their support of research institutions, technologies, and startups through dedicated accelerator programs. Let’s have a discussion on how to partner with these programs to advance GAP priorities.
12:00 - 2:30PM
Breakout Groups by GAP Program Type / Full Group Common Challenge Discussion
In the first hour, small groups will break out by affinity and GAP program types to share insights into their program and process. These include:
- Intake and Innovator Engagement Process
- Tech/Startup Development and Portfolio Management Solutions
- Diligence and Evaluation Methods
- Incorporating Outside Expertise
- Managing Conflict of Interest
- Decision-making and Providing Feedback
- Measuring and Reporting Impact
In the second hour, the full group will come together to discuss common challenges, lessons learned, and key takeaways from their small group discussions.
The output from this exercise and full event discussion will be consolidated into a COVERGENCE brief that will be provided to all participants.
GAP BEST PRACTICE DISCUSSION LEADERS
Tony Armstrong
Khumo Mokone
Ivelina Metcheva
Thyaga Nandagopal
Doug Hockstad
Lynda Inseque
Bob Creeden
Charla Triplett
Ernest Holtzheimer
Rahki Gibbons
Matt Parson
Mark Antonucci
Justin Renfrow
Meher Antia
Tim Joyce
Michael Artinger
Bruce Burgess
Ryan Buckmaster
Jacob Johnson
Pieter Wijffels
Matt Mroz
Keynote:
Walter Isaacson
Topic:
Characteristics of successful innovators and innovative organizations
Walter Isaacson is an American author, journalist, and professor. He has been the President and CEO of the Aspen Institute, chair and CEO of CNN, and the editor of Time.
Mr. Isaacson will share characteristics of successful innovators and innovative organizations from his breadth of experience through research and writing about Steve Jobs, Jennifer Doudna, and other prolific innovators.
Topic:
Scaling from Startup
Dr. Trivia Frazier is an Entrepreneur, Researcher, and Business Professional with over 10 years of experience in the fields of stem cell research, tissue engineering, and regenerative medicine.
Dr. Frazier is currently the CEO and president of Obatala Sciences, a biotech firm whose “fat-on-a-chip” technology facilitates faster testing for new drugs than traditional methods
Dr. Frazier will share her experiences and challenges in scaling from a startup company in New Orleans
Keynote:
Trivia Fraizer
REGISTER
25% early-bird discount through July. Use promo code “GAPEARLY” below
GAP COA member institutions receive a complimentary registration. To learn more about membership, visit group page here. Members, please email us at connect@innovosource.com for your complimentary registration
Service providers and professional organizations, please inquire about access via sponsorship at connect@innovosource.com
EVENT VENUE
Arizona Sands Club
451 1400 E
Salt Lake City, UT
84112
HOTEL
880 E 2nd St Tucson, az 85719
Tucson Marriott University Park
Booking link (Negotiated rate of $189/night):
https://www.marriott.com/events/start.mi?id=1689982251844&key=GRP
Hotel website:
https://www.marriott.com/en-us/hotels/tusmp-tucson-marriott-university-park/overview
Hotel Options Near Event
Tucson Marriott University Park:
https://www.marriott.com/en-us/hotels/tusmp-tucson-marriott-university-park/overview
Graduate Hotel Tucson:
https://www.guestreservations.com/graduate-tucson/booking?gclid=CjwKCAjwu4WoBhBkEiwAojNdXrC7u5cWlWsXFRDq
