New Mexico Tech Hosting Inaugural Inventors and Entrepreneurs Workshop

New Mexico Tech Hosting Inaugural Inventors and Entrepreneurs Workshop

Event to feature ‘Wolves’ Den’, presentations and panel discussions aimed at helping NM Tech students take their ideas to market

New Mexico Tech Hosting Inaugural Inventors and Entrepreneurs WorkshopSOCORRO, N.M. – New Mexico Tech is hosting its inaugural Inventors and Entrepreneurs Workshop: A Business Start-Up Conference, this Friday and Saturday, April 15 and 16, at the Fidel Center. The two-day event is devoted to creativity and personal success for New Mexico Tech students and alumni and is intended to facilitate the progression of their ideas from conception to market.

The workshop showcases presentations and panel discussions from technology professionals, investors, and entrepreneurs from around the nation. It culminates with New Mexico Tech’s own Wolves’ Den, - similar to the popularShark Tank television show.

The presenters for the Wolves’ Den consist of seven teams, all of which are made up of New Mexico Tech graduates or current students.  The teams present their ideas to a panel of successful, experienced investors and entrepreneurs. Presenters were selected based on invention summaries submitted to a New Mexico Tech committee.

The basis for the Wolves’ Den is intellectual property (IP). All presenting inventors will be showcasing commercialization ideas that are built around IP that is either protected or protectable.

Friday features three keynote talks and two panel discussions. Andy Lim of LAVU in Albuquerque will present “The Story of a New Mexico Startup.” He will talk about his company, which created restaurant management software and recently secured $15 million in venture capital to develop the program.

The first panel is “Planning for Protecting and Monetizing Your Idea.”  This panel will look at all aspects concerning protection of the rights to an idea in the development process. The second panel of experts is “Show Me The Money: Investing in New Ventures.” The discussion will center around the requirements of how to prepare for funding requests and what to do when the answer is “no.”

The second keynote speaker is Bill Seidel, CEO of America Invents Inc. in Sebastopol, Calif. Seidel will chronicle his decades of creating and marketing more than $2 billion worth of new products.

After a Western barbecue dinner, participants will be treated to a special keynote address from Martin Cooper, the inventor of the cell phone. Cooper was a senior engineer at Motorola in 1973 when he made the first call from a mobile phone.

The session on Saturday, April 16, starts with a panel discussion on “Licensing Versus New Venture: An Easier Path to Riches.” The morning session closes with a keynote talk by Bob Parker, former Livermore Lab engineer and multi-millionaire with more than 80 patents. He is the inventor of the liquid crystal thermometer, the Mood Ring, the Duracell Battery Tester, and countless other successful products.

After a lunch break, the main event kicks off – the Wolves’ Den. Presenters will be competing for funding and/or legal in-kind services that may be used to advance their innovation to commercialization. The Wolves’ Den panel is set to consist of six members who are prominent investors and early-stage commercialization experts who come from New Mexico, New York City, and Palo Alto, Calif.

Additional Information is about the Inventors and Entrepreneurs Workshop: A Business Start-Up Conference available at the event’s website: http://management.nmt.edu/invent/

The following are the titles of the seven projects selected to be presented for the Wolves’ Den:

·        Raduction: a better solution for treating radioactive waste in legacy oil wells

·        Organic Natural Hair Restoration Treatment

·        VeriTran's IVT

·        Electro Muscle Snaps

·        Playing Card Reader: Assisting Those with Visual Disabilities Play Cards

·        EverWorks' Sweet Life Alternative Sweetener

·        EverWorks' Precision Parabolic Mirrors & Concentrated Solar Power