March 28, 2011
Announced today, the inaugural TechStorm conference will be the first national event focused exclusively on matching innovative university technologies with entrepreneurs and seed funding opportunities. The event will take place on June 2, 2011 in Fairfax, Virginia, just outside of Washington, DC. Co-host of the event, Amplifier Ventures will provide up to $250,000 in seed funding for pre-vetted, attending entrepreneurs to launch startups around university technologies showcased at the conference.
“The objective of this event is to accelerate the creation of innovative businesses that unlock the stored value of university and government-developed technologies,” stated Jonathan Aberman, Managing Director of Amplifier Ventures.
The idea is that a number of the 20 participating institutions will do a show and tell of their most innovative technologies, and the attending entrepreneurs (pre-vetted to ensure they have a proven track record), corporate in-licensing professionals and investors will then be able to turn them into companies. But it’s not a total crapshoot – a pre-event matching program and some seed funding from Amplifier Ventures will accelerate the startup formation.
The recently launched White House initiative ‘Startup America’ was created as a way to inspire and accelerate entrepreneurship,” said Gerard Eldering, producer of TechStorm and founder of InnovateTech Ventures. “TechStorm is a national event that answers this call to action in a unique and powerful way, matching proven entrepreneurs to innovative technologies and, most importantly, providing access to funding to get these companies off and running.
The full-day event is produced by InnovateTech Ventures, and co-hosted by Amplifier, George Mason University, and The Academic Licensing Community of Virginia (ALCOVe). Universities and federal labs will exhibit a broad spectrum of technologies, including cybersecurity, life sciences, defense, and SaaS. Participating universities and entities already committed to participate include:
- George Mason University
- Princeton University
- Georgetown University
- University of Maryland, College Park
- University of Pennsylvania
- Naval Research Lab
- Old Dominion University
- University of Pittsburgh
- University of Virginia
- Virginia Commonwealth University
- Virginia Tech
- University of Maryland, Baltimore
- William and Mary
- National Institute of Standards and Technology
- National Institutes of Health
- George Washington University
- East Carolina University
- Binghamton University
- Carnegie Mellon University
- University of Louisville
- Eastern Virginia Medical School
- James Madison University
You can register to attend the event here.
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