Academic Entrepreneurship Program: LabsOut

ODTÜ & ODTÜ TTO

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Academic Entrepreneurship Program

LabsOut

The LabsOut program, organized by ODTÜ TTO in cooperation with Growth Circuit and Zero Gravity aims to identify, develop, and speed up the commercialization of university-based intellectual property through academic entrepreneurship. The program covers in-depth entrepreneurial thinking concepts which can help transform lab outputs into business opportunities through foundation of spin offs.

Target participants: LabsOut is a team-based program. Teams of two or maximum four people who are working on the commercialization of the technology, should attend. Team leader should be faculty at a University. The multidisciplinary team profile is suggested including a business lead, technical expert and a sector-expert / experienced mentor. Having an already established team will be major (but not necessary) pre-selection criteria.

Eligibility: The program is suitable for teams, inventors, academics, and students. It is suggested that the teams have at least completed an invention disclosure for patent application

Schedule: The program will be delivered onsite (in Ankara and San Francisco) and online (weekly lectures plus online office hours over video conference).

The teams will go through 4 stages from their initial application to incubation

  • Screening & Selection: The selected teams will be shortlisted for interviews
  • IP Accelerator: Validate your idea and get mentorship from international mentors from Zero Gravity and Silicon Valley and intense customer interaction and MVP building.
  •  Global Accelerator Stage – San Francisco: After finishing stages in Turkey, one member of the top 5 groups will spend 1 week in Silicon Valley to access the US and global markets and pitch to investors.
  • Incubation: Top 5 will have available work space in Growth Circuit San Francisco Office up to 3 months. It is upon their request.

You can apply until February 24, 2020. If interested please proceed with the application

LABSOUT CALENDAR

Application

January 23 – February 24, 2020

First Bootcamp

March 18– March 19, 2020

Second Bootcamp

June 5 – June 6, 2020

San Francisco Camp

June 29 – July 3, 2019

WHAT YOUR GROUP WILL GET

  • Discover, what your customer really needs and validate your technology
  • Define, your product for the target markets and identify your marketing route
  • Describe, your business model
  • Be ready, to pitch your business model to investors who may be your future partner
  • The elevator pitch, think out of the box!

WHY LABSOUT

This program has gotten me excited about developing some of my ideas into potential entrepreneurial ventures in the future. It was really hard work but also a very educational and inspiring experience. I would recommend this program for academician who has interest in entrepreneurship.

LabsOut Pilot Program was a true experience and changed my perception deeply. It was an eye-opening experience regardless from the technology readiness level of the innovation – just having an idea was enough. Being at the heart of the events made the difference…

Labsout Pilot is a comprehensive program for anyone with an entrepreneurial spirit. It was really informative, and highly inspiring! The mentors gave us all valuable information on how to build up and evolve our ideas, focus on a particular market or application and plan our business. We also had a chance to pitch our idea in front angels and VCs in a real event. I would highly recommend this program to academicians who are interested in creating their own company, no matter if they are at the idea stage or already commercialized. I really enjoyed being part of this experience.

When I attended the LabsOut Pilot Program, I was not sure what to expect, but I was interested in learning more about entrepreneurship and I decided to take the advantage of the opportunity. I am glad I did, as I gained may new perspectives for approaching problem solving. It was one of the most enlightening experiences I have had regarding entrepreneurship. The skills that I got through this workshop have inspired me to understand the critical aspects of entrepreneurship mindset. Another amazing experience for me was to learn to define my research in a non-technical /more business oriented approach. This was something that I never thought about in my academic life.

APPLICATION

    ODTÜ Technology Transfer Office

    tto@odtuteknokent.com.tr
    312 210 7040

    Growth Circuit

    info@growthcircuit.co