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Business Plan Essay

1213 words - 5 pages

Executive Summary
The Enhanced Science and Technology Institute (ESTI) supports research faculty and staff at **State University, University of Any State, Any State Health Sciences University and Any City State University in its management of new discoveries. This support includes the management of new discoveries having commercial applications, as well as the management of corporate research agreements leading to new discovery.

Keys to Success
* Building a strong support base with the private sector within State and the Northwest.
* Creating an effective network between researchers to facilitate cross-disciplinary contact.
* Raising the viability of ESTI as the one-stop ...view middle of the document...

  One university in SouthernState, The University of Southern State (USS), has over 200 technologies available for licensing.  In addition, USS has received $20 million in corporate research funding last year.  This far exceeds the total for all corporate research funding for the four State schools ($3 million) during the same period. In State, the State Technology Center has secured $91 million in private funding for technology transfer from the University of State. It is critical that the four major universities in State pool its resources in order to be competitive in drawing corporate attention to the excellent researchers working within their institutions.
It is ESTI's mission to create a resource for the private sector that rivals USC by providing an aggressive one-stop center for all the pivotal research that is occuring in State.
* Establish a 42-member corporate research support council and increase corporate membership in ESTI's Technology Development Council by 20% each year.
* Facilitate two new industry sponsored research agreements the first year and increase the number of agreements each year.
* Create new research linkages between the four campuses and develop new collaborative relationships between researchers.
* Develop a cross-disciplinary research database that will link researchers throughout the state.
Organization Summary
ESTI is a focused program that offers a powerful resource to researchers who are seeking corporate support for research and corporations seeking new technologies.  The program also seeks linkages between the four campus researchers in developing new partnerships that will generate additional corporate interest. 
Start-up Summary
Start-up costs and initial financing are shown on the following table.  Each institution will contribute $40,000 to ESTI's operating budget.

Program Location
ESTI will be located in AnyCity, AnyState.  This is a good central location for a state-wide program. AnyCity State University is located in AnyCity.  AnyState Health Sciences University and State University are located in NewTown 60 miles to the north. The University of State is located in Old Town which is 40 miles south of AnyCity.
Fundraising Strategy
The fund raising strategy will be the payment of annual membership fees in the Technology Development Council.  A full membership will be $3,000 a year.  An associate membership will be $1,000.
Funding Forecast
During the first year, ESTI will recruit 20 full members and 21 associate members to the Technology Development Council.

Funding Forecast | | | |
  | Year 1 | Year 2 | Year3 |
University funding | $16000 | $16000 | $16000 |
Full Membership | $90000 | $75000 | $93000 |
Associate Membership | $36000 | $26000 | $32000 |
Total Funding | $286000 | $261000 | $285000 |
Direct cost of funding |   |   |   |
University funding | $0 | $0 | $0 |
Full Membership | $0 | $0 | $0 |
Associate Membership | $0 | $0 | $0 |

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