The Early X Foundation’s mission is to become the world’s most respected and influential leader in educating business executives, MBA students and laboratory researchers in the process of leveraging and monetizing intellectual property assets.
Our purpose is to partner with companies, research laboratories to help them monetize their Intellectual Property Assets and employee brainpower through our innovation training and creative problem-solving processes that result in substantial market opportunities.
The Early X Foundation was created to help companies and researchers discover and develop multiple new revenue opportunities from their latent intellectual property assets and their inherant employee expertise. In 2010, we ran a pilot program with UC Santa Barbara working with four of their IP assets. Using our Early X IP Discovery Process we identified 135 new market-licensing opportunities. In 2012 Early X was spun-out of the Graziadio School of Business and Management at Pepperdine University as a California non-profit organization.
The Early X Foundation began working with Pacific Northwest National Laboratory and its parent Battelle Memorial Institute to leverage two of its IP assets. We identified over 100 new vertical market opportunities and created market entry plans for thirteen of these. To accomplish this, we hired 26 Graziadio School MBA's alumni to perform feasibility analysis and develop market entry plans with the assistance of our partner lab and a cadre of highly experienced business executives.
In 2014 Early X created and spun-out its first for-profit company (Champion Technology Company Inc.) to leverage the dozens of vertical market revenue opportunities we have developed for PNNL's Champion software. This patented software is a big data analytical tool. Early X raised $540,000 in the Champion seed round and is currently working on product offerings in two vertical markets.
Early X is not an incubator or accelerator, we are "earlier" than that. We create multiple, new revenue opportunities directly from existing research laboratory assets, a company’s existing IP portfolio or through our IdeaWorkx employee innovation training program.
We have designated the Entrepreneurship Program at the Graziadio School of Business and Management at Pepperdine University to be one primary recipient of donatable dollars raised by the foundation - http://bschool.pepperdine.edu/programs/mba/curriculum/concentrations/entrepreneurship/