Moving Real Ideas Towards Real Companies
PSW Alumni in the News!
PSW alumni, CytoCybernetics, is testing a new biotechnology that could cut in half the time and money needed for preclinical drug trials.
Pre-Seed Workshop is a community event where teams build companies — not the physical structures, but the foundational plans. And it all happens in two and a half days.
We bring together experts in the community (technical, legal, business, finance, etc.) to determine the viability of new start-up concepts, potentially being spun-out of Universities and Federal Labs. Our focus is on commercializing hard-science technologies. In fact, we are the only program in the nation that tackles hard-science commercialization in 2½ days … through the use of “crowd analysis”.
Highly-skilled professionals are pre-assigned to work with academic researchers that have patented inventions. The talent on each team is "balanced" to simulate a real start-up company. Six to eight teams are created per workshop. During the workshop, the teams are led through a series of structured hands-on sessions where they investigate and transform potentially commercializable technologies into pre-seed stage companies. Teams leave the workshop with a thin commercialization plan for a new start-up.
High-performance teams at work during a
Growing Pool Of Success
As of May 2015 we have held:
- 73 Pre-Seed Workshops
- with 3,124 Participants
- in which 462 “hi-tech ideas”
- by 462 teams
We have created or strengthened 170+ high-tech for-profit ventures. Many have gone on to win local, national, and international business plan competitions. Many have received SBIR funding or secured seed and venture capital. Based on survey results, we estimate that about $100M in follow on capital has been raised and over 600 jobs created.