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 National Research Laboratories, University Research Laboratories, and For-Profit Labs to help them monetize their Intellectual Property Assets through our innovation training and creative problem-solving processes.
The Early X Foundation was created to help researchers discover and develop multiple new revenue opportunities from their latent intellectual property assets. In 2010, we ran a pilot program with UC Santa Barbara working with four of their IP assets. Using our Early X Discovery Process we identified 135 new market-licensing opportunities from which we develop numerous market feasibility reports. 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 is currently working with Pacific Northwest National Laboratory to leverage two of its IP assets. We have identified over 100 new vertical market opportunities and created market entry plans for thirteen of these. To accomplish this, we hired 26 MBA 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.
We recently created a for-profit company (Champion Technology Company Inc.) to leverage the dozens of vertical market revenue opportunities we have developed for one of those PNNL IP assets.
We are not an incubator or accelerator, we are "earlier" than that. We create multiple, new revenue opportunities directly from a research laboratory or a company’s existing IP portfolio.
We have designated the Entrepreneurship Program at the Graziadio School of Business and Management at Pepperdine University to be a primary recipient of donatable dollars raised by the foundation - http://bschool.pepperdine.edu/programs/mba/curriculum/concentrations/entrepreneurship/