Joint Seminar by A*STAR Exploit Technologies and Institute of Bioengineering and Nanotechnology
Title: Boston's Entrepreneurial Ecosystem and Technology Licensing at MIT
Speaker: Dr. Marc Rioult, Technology Licensing Officer, Massachusetts Institute of Technology (MIT), USA
Date: Tuesday, April 5, 2011 â€¢ 11:00 am to 12:00 pm
Venue: Creation Theatrette, Level 4 â€¢ The Matrix @ Biopolis, 30 Biopolis Street
This seminar is free. Please RSVP if you are attending lunch.
Jointly brought to you by the Institute of Bioengineering and Nanotechnology and Exploit Technologies Pte Ltd.
Technology transfer and entrepreneurship at Massachusetts Institute of Technology's (MIT) and the entrepreneurial ecosystem in Boston have been closely linked for the last 25 years. While entrepreneurship at MIT has developed over a long time, it has done so relatively easily, perhaps because its spirit reflects MIT's culture of experimenting and thereby accepting risk and possible failure as a way to improve and learn. The vibrant entrepreneurial ecosystem and its development are fueled by many research institutions, a strong and diverse investor community, and a multitude of companies in various developmental stages and in a broad range of industries. It has resulted, among other, in the creation of a small region of only a few square miles in Cambridge, near MIT, that has the highest density of startups anywhere in the world. Certainly, the ascent of this ecosystem has profoundly influenced MIT's culture, but the more relevant question for this audience may be how have MIT's licensing practices and culture influenced and contributed to this ecosystem? Specifically, how has MIT adapted its licensing practices to entrepreneurs, their needs, and the economics of startups? How do these practices compare to licenses to large companies? More broadly, what does MIT offer to entrepreneurs and startups? Which aspects are transferable to other academic institutions and their technology transfer practices, and to surrounding emerging entrepreneurial ecosystems?
ABOUT THE SPEAKER
Dr. Marc Rioult is a Technology Licensing Officer at MIT. He has been involved in technology acquisition and commercialization, in the creation of startups, and in the development of technologies and technology-based companies for over ten years. While working mainly in the life and medical sciences, he has also experience in nanotechnologies, electronics, software, chemicals, microfluidics, and consumer products. Before joining MIT, he worked consecutively for two consulting firms engaged in IP and technology transactions for enterprises ranging from global Fortune 500 clients to startups. Prior to this, he co-managed a software startup for two years after having left academic research in neuroscience. Dr. Rioult has a PhD in neuroscience and an MS in biology and biomedical engineering from the Federal Institute of Technology (ETH) in Zurich, and an MBA from the executive MBA program at Boston University. He has published and lectured internationally on scientific and business topics and has coorganized two international scientific symposiums.