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RAINReadiness Acceleration and
Innovation NetworkInformational Slide Deck
A better spot may not exist for a biotech health accelerator in South Puget Sound. Two blocks from
University of Washington Tacoma, five minutes from MultiCare and Franciscan Health Systems, and twelve minutes from Madigan Army Medical Center. Served by transit in a gritty but trendy and growing part of
downtown.
S. 23rd St. Tacoma, WA
Readiness Acceleration and
“Forming companies that create health and biotech jobs”
Innovation Network (RAIN)
Mission & VisionRAIN: A biotechnology & health-based innovation center for South Puget Sound
The Readiness Acceleration and Innovation Network (RAIN) will streamline and support new ideas through a collaboration between innovators, expert practitioners and university students leading to accelerated commercialization of new products that serve the military, medical and industrial sectors.
Companies formed. Workers trained. Jobs created.
It’s all about readiness. Through access to the region’s largest medical providers, entrepreneurs can more quickly access a path to success.” Col. David McCune, M.D.“
”
The Collaborative Solution
RAIN
The University of Washington TacomaWill provide mentorship and laboratory support, as well as an onsite certificate program for students to become proficient in laboratory protocols.
MultiCare Health SystemMultiCare’s Health Institute for Research and Innovation will provide support for proof of concept through its fully integrated medical record system.
Joint Base Lewis-McChord
The base is host to the Army’s second largest teaching hospital. Madigan Army Medical Center works with eligible non-federal research partners to meet the needs of soldiers and their families.
The City of TacomaThe City of Tacoma will provide space
through property acquisition and a no-cost lease.
The Local Investor CommunityInvestors find opportunity and incur less risk
through the proof of concept support offered by RAIN, where providers for 500,000 patients meet market validation, product iteration, and
business model development.
Local Biotech CompaniesEntrepreneurship and collaboration
thrive in a space where collisions occur between scientists, experts,
data, and students.
Biotechnology/Health-Based Accelerator
Leadership Team
UWT Liaison and Science DirectorDavid has a PhD in neuroimmunology and is a faculty
member with the biotechnology program at University of Washington Tacoma as Affiliate Associate Professor and Senior Scientist. He will work at RAIN, connecting entrepreneurs with trained students who can provide
labor support to startups while building resumes at the same time.
Interim Executive DirectorRob is a serial entrepreneur and a Health Innovation Advisor and Entrepreneur in Residence at University of Washington. Rob will coordinate logistics for launch, recruit companies and venture capital, as well as train RAIN’s permanent executive director.
David Hirschberg, Ph.D
Medical Research Director
As Medical Director of the MultiCare Institute for Research and Innovation, Paul has access to substantial data and patient resources needed to test biological products or
devices to make them market ready. Paul will serve as a senior mentor and liaison to clinical trials for entrepreneurs.
Paul Amoroso, M.D.
Rob Arnold
Madigan/DoD LiaisonAs Research Consultant of the Army’s Western Regional Medical Command, David is the subject matter expert and chief proponent for research strategy. David will work to identify and collaborate with projects that address unmet medical needs of the military population.
Col. David McCune, M.D.
John Inman Ed.D.Director of CommercializationJohn has a PhD in Educational Leadership and Change from Fielding Graduate University, has many years of advanced industry experience, served as a startup coach at the ZINO Society, and has managed several leadership development, marketing, and business development programs. John will serve RAIN as the director of the business mentorship, education, and development functions.
Full-Time Staff
Head Research ScientistJudy holds a PhD, Biochemistry and Cellular and
Molecular Biology from the Johns Hopkins University School of Medicine and is a research scientist at
Enertechnix Process Sensors, Inc.. She will serve as RAIN’s head research scientist and bio mentor for
our biotech startups.
Judy Nguyen, Ph.D.
Alex Lineweaver, M.S.Lead Lab TechnicianAlex has his Master of Science, in Chemistry (with emphasis in polymers) from the University of Oregon and has served in several technical roles in the laboratory setting. He will work at RAIN as the lead lab technician supporting maintaining, and managing the laboratory workspace as well as working with the incubatees in their lab research and production.
Program ManagerDane is a BBA (with a focus in finance) from the
Milgard SoB and is a student of cross-sectoral collaboration, process, and entrepreneurship. He will be serving at RAIN as their program manager,
administering the RAIN incubation program, developing RAIN’s constellation of resources, and
working closely with incubatees to refine their business strategy, process, and execution.
Dane Jessen
Our on-site execution team
Josh Haney, M.S.Facility Operations DirectorJosh is CEO at Footprint Bioscience, Operations Manager at General Biodiesel and holds extensive experience in laboratory development, bio-industrial process engineering and innovation, and biochemical engineering. He will serve as RAIN’s facility superintendent and bioindustrial mentor.
Impact
Regional Gaps
• All Puget Sound life science accelerator/incubator/wet lab space is currently near Seattle.
• Less than 5% vacancy, cost of space is rising ($45+/sf).
• Seattle is more than two hours drive from Madigan & MultiCare.
• Entrepreneurs face cost/time obstacles for clinical trials and proof of concept.
Model Specifics/Assets
• Direct access to Madigan and MultiCare including guidance about relevant product types, protocols, DoD funding opportunities.
• Access to world class state of the art university faculty researchers core labs and facilities (2 adjacent to campus) and the UW network.
• Independent: IP does not become tied to the lab owner.
• Participation on sliding membership basis, based on facility usage.
Blue Collar Ethics & Support
• Our goal is to build a competent biotech community to create new companies and technical jobs.The primary investment is in training people and in providing access to the facility, networking, and bio and business advisory services.
• Diverse and largely blue-collar students will be trained at the facility, which is able to support entrepreneurs in gaining certified lab skills and becoming prepared for high quality jobs or innovative projects of their own.
MOMENTUM
Vision, Message
Apply for Grants
Cross-sector Stakeholder Approval
Business Plan
TODAY
Bring Companies Onboard
Open-house Event
BUILD-OUT
OPEN DOORS
Move in Anchor Startups
Community Whiteboard Space
Pipeline Development
Develop Community
Develop Startup Support
Year 2 End
85Startup # Goals:
Develop Facility
Build-out Biolab
Social Media
SETUP
Lease Building Upgrade
& Adapt Facility
Executive Board
DeepClean Premises
Website Funding Event
Initial Support
Define Vision
PLANNING
Define ProjectScope
ProjectTeam
Business Plan TimelineImplementation roadmap
Resource Development
SUSTAINABILITY
Emphasize Spinoutof Startups
Year 3 End
Evolution and Refinement of RAIN Model
Endowment
Annual Fundraiser
Conference
Year 4 Beginningand Onward
Target- Advanced Manufacturing
RAIN is focused on
product development
that leads to
manufacturing and
production. Our
innovators will be
working on biological
and technical devices
and trials primarily
related to military
health.
Marketing Strategy
Membership Growth
RAIN's membership growth target is 100% annually for 3 years.
x2/yr
Company Growth
Starting with 2 anchor companies, RAIN will vet and bring in 8 new companies within the first 3 years.
+2/yr
Local Conferences
SocialMedia
Entrepreneurial and Science
Meetups
Empowering Our Startups to Represent
RAIN
Community Events at
the Facility Collaboration with Stakeholders
MetricsI6 Required Metric End of Grant (EOG) EOG +2yrs EOG +5yrs
Startups launched 8 15 25
Progress to graduation 3 6 10
Jobs created 100 150 250
Qualitative impact (students internships)
75 125 200
Corporate partnerships 10 25 50
Donor funds raised $0.5 M $1M $3M
Outside funds (grants) $1.5M $2.5M $5M
# SBIR/STTR proposals 4 15 25
I6 Challenge Grant*
Used to pay staff, adapt the facility, build a laboratory,
and operate for 3 years.*University overhead deducted before
calculation.
City of Tacoma
Property Acquisition Grant (Unanimous approval,
$500,000)Used for the facility.
Use & Match of Grant FundsI6 Challenge Funds would be 40.2% of project start up resources if awarded.Start Up Budget = ~$1 million, not including in kind personnel
5.5%
Grants & Donors
SBA Grant (Anticipated $50,000)
Fund raising events (anticipated value not
included in calculation)Used for setup and
operations.
54.3%
40.2%
TOP 50 Most Diverse College Campuses in the US. (Best College Reviews, 2015)
Population highlights:
University of Washington TacomaUW Tacoma is a catalyst for our region, providing access to students in a way that transforms families and the community. As an urban-serving university, UWT impacts and informs economic development through community-engaged students and faculty. UWT conducts research that is of direct use to our community and region. Most importantly, UWT seeks to be connected and relevant to our community and student populations’ aspirations and needs.
Thank you.