Presentation to the Project Management and Oversight Panel date of Presentation Collaboration Partners Lead investigator name University Department Contact Information Lead investigator name ID: 782300
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Slide1
(Title of Proposal)
Proposal Presentationto the
Project Management and Oversight Panel
__(date of Presentation)__
Slide2Collaboration Partners
Lead investigator nameUniversity
DepartmentContact Information
Lead investigator name
UniversityDepartmentContact Information
Industry leader name
Company
Title
Contact Information
Funding Requested:
$
Sourc
e(s)
of matching funding
and indicate if these funds are (a) committed, and (b) available
Slide3What is the large unmet need?What is the product or service to be commercialized?What is the business opportunity?
What is the timeline to commercialization?Executive Summary
Slide4Statement of Unmet Need
State the medical / life science problem or unmet need
Explain:
number of individuals are impacted (U.S. & worldwide)associated costssize of the market (potential total annual sales of product / service)
Slide5Current Market Conditions
What is the current solution / process / standard of care / etc. that exists in the market today?What are the gaps or problems with the current approach(es)
Slide6Proposed Solution
Explain the proposed product or service to be commercializedWhy is the proposed solution innovative / unique / novel / cutting edgeHow does your proposal create a better solution
Slide7Scientific and Technical Basis
Explain the underlying science / technology that supports development of the proposed solution
Slide8Who is on the team and what is their experience and expertise regarding achieving the critical elements required to succeed, i.e. mission-critical areas such as:
technology development, product development, commercialization, regulatory, reimbursement, etc.Explain the team’s:communication planaccountabilities for achieving milestonesplan to declare and solve communication / teamwork breakdownsmanagement and leadership experience for addressing both current and future needs and /or the plan for recruiting the talent required
The Team
Slide9Product Development Plan
What is the proposed solution’s current status/stage of technology or product development What are the key steps in the product development planWhat are major risk factors to success of this plan
What is the plan to mitigate these risksWhat is the status and plan for meeting applicable regulatory and reimbursement requirements
Slide10Key Objectives for Product Development
Use the following template to provide objective steps, estimated timelines and budget required to reach the proposed solution
Product Development Steps &
Accountablity
Timeline for Completion
Est. Budget to Complete
1.
2.
$ ____
_____
3.
$ _________
4.
$ _________
5.
$ _________
Totals:
$ _________
Slide11Commercialization Plan
Describe the business (manufacturing / service / license IP / hybrid / etc.)Who are the target customersWhat is the value proposition
How will the product / service be marketed and distributed
Slide12Competitive Advantage and IP Strategy
Who are the current competitors / potential competitorsWhat is the competitive advantage / what barriers to (competitors’) entry are in place:Status of freedom to operate
Current intellectual property (to whom it belongs) Pending patents / applications
What is the patent strategy going forward
Slide13Revenue Plan
How will pricing be determinedWhat is the revenue planIf reimbursement relies on billing codes from Healthcare Common Procedural Coding System (HCPCS), are these codes already in place / or is there a plan to obtain?
Slide14Financial Plan
What is the plan to reach profitability and/or raise follow-on fundingWhat are the probable sources for follow-on funding (NIH, STTR/SBIR, Angel funding, venture capital, corporate partnerships, etc.) How much capital is required to get to market
How much capital is required to reach cashflow breakeven
Slide15Economic Impact for Virginia
Given success, how will this project impact economical development in Virginia:job creation in the first 3 years,
in years 4-7how much capital will be raised
in the first 3 yearsin years 4-7what are projected profits in years 5-7 other
Slide16Summary
What are the key reasons this project should be funded?