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Neworks was established to help better leverage academic R&D to create new start-up companies which can create jobs and generate revenues for regional economic growth.
The PSW is an efficient methodology to investigate the commercial potential of new inventions based on academic R&D.
The federal government expends $100B annually for basic R&D at universities and federal labs throughout the country and except for in regions like Silicon Valley and Boston, most of this R&D is "under-commercialized". While university researchers may spend up to 10 years and $10M of federal funds developing their cutting-edge technologies, they rarely feel they have 3-6 months to spend in a commercialization program with uncertain outcomes and none may exist in their area. For this demographic, high-density, high-intensity, locally-based methodologies are needed, which is why Neworks created the 2 1/2 day PSW.
The OTW is an efficient methodology to investigate the commercial potential of orphan technologies within large corporations.
In corporations throughout the country, technologies that may have high commercial potential but that are non-strategic to the company's mission are lying dormant. These "orphan technologies" are rarely spun-out into new companies. To assist in the transformation of orphans to start-ups, Neworks created the Orphan Technologies Workshop (OTW).
IPW turns technology investigations from PSW or OTW into robust investor presentations.
High-tech ventures typically require venture capital. But new entrepreneurs emanating from universities and corporations have had little training in "pitching" investors. If, after they have participated in a PSW or OTW, they elect to start a company, they need a crash course on preparing and presenting an investor pitch. Neworks designed the Investor Presentation Workshop (IPW) to meet this need.