I really hate to say this, but President Obama holds the keys.  During the past decade the federal government has spent nearly a trillion dollars on Research and Development (R&D).  About 2/3rds of that going to national research labs around the country to names like Lawrence Livermore, Oakridge, Brookhaven, Sandia, etc. the other 1/3rd has gone to university researchers.

And what’s happened to most of that research?  Some of it we’ll never know. Just too classified. Our grandchildren may find out when the research is eventually declassified or hacked by the next generation of Edward Snowden’s. Some small percentage of it our children will get to play with.  Hopefully they will do more with it than create iPhone apps. But most likely 95% of the research will never see the light of commercialization.  It will not create any new jobs beyond the few researchers that developed it and eventually it will be put on the shelf because they didn’t really know what to do with it. 

If it does see commercial daylight it will most likely be a pharmaceutical product.  Which is generally good news.  But there are a few million businesses in America that are not pharmaceutical development companies and never will be. 

There are tens of thousands of people in America that believe they are or should be entrepreneurs inventing the next great global empire.  It is in their blood to want to be great.  Regretfully most of our education system would rather produce tenured high school teachers, insurance salesmen or executive assistants.  Not only do we not challenge our young people to be great entrepreneurs, we distain the successful.

We aren’t much different that the National Football League or AYSO for that matter. We are taught we are great, but in reality we strive for mediocrity.  No one should be too rich and no one should be too poor.  Everyone is equally great. No one should win every game. Everyone gets a trophy.

So back to my earlier point about President Obama holding the keys to entrepreneurial success.  We have hundreds of the finest research labs in the world that have been generously funded for decades.  But beyond Tang and GPS it is a challenge for most Americans to name commercial products developed in our government labs. Ask someone you know how many non-government jobs the billions in government-sponsored research have created.

Hundreds of thousands of patents are literally sitting on virtual shelves around the country gathering dust.  Some of them may have actually produced one product, but most haven’t.  Their research value is in the hundreds of billions.  The commercial value could be 25 times that, but we may never know.  My calculator doesn’t have that many zero’s.

The solution?  Let the creative business community into these labs to find and translate these patents into understandable business language.  Once diverse business people understand what a certain piece of intellectual property actually is they will invariably create multiple new uses that the original inventor/researcher never envisioned. President Obama could unleash a new business revolution, create tens of thousands of jobs, and conquer many vexing problems our society has faced for decades.

Why did I say that I hate it that President Obama holds the keys to our business future.  Its pretty simple, he and every president before him and those that will follow are politician’s first.  Politicians at any level are neither courageous nor independent thinkers.  And today more than at any time, we need to find some creative courage if we are to grow this country.  Brilliance can be multiplied.

Mike Sims

Your comments are welcome……..

AuthorMike Sims

The Early X Foundation Board of Directors

Early X is governed by a Board of Directors that currently provide management services at no cost to the Foundation.  The Board currently consists of 11 executives that support the Early X mission financially, serve as MBA team mentors to develop new revenue opportunities for contracted IP and are willing to leverage their personal and business networks to grow the Early X Foundation.     

Early X Partners

Early X has an existing relationship with Pacific Northwest National Laboratory, a $1.5 billion Dept. of Energy facility (two patents).  We are currently in discussion with several other laboratories to commence the Early X Process in 2014/2015

We will contract with other university, government, non-profit and for-profit research laboratories to discover and develop new revenue opportunities for their existing IP assets and actively market/license those assets.  Research laboratory partners will have a revenue share model with Early X based on the revenue streams developed by the Early X.

Early X “Go To Market” Business Plan Teams

The Early X Foundation has a talent pool of more than 600 MBAs trained in our Early X Discovery Process who can perform as research analysts and project managers to work with our research partners they along wit our  board members and mentors will assist partners in developing “Go To Market” plans for their IP.  This will create exciting new career opportunities for the all involved.  These MBAs have all completed specific entrepreneurship training in the Early X creative problem solving process at the Graziadio School of Business and Management at Pepperdine University. 

Early X Executives

California is rich in a wide variety of business expertise and Early X has tapped into that expertise to provide support to our program and process.  The Early X Executives are successful business professionals that will serve as a “Board of Advisors” and mentor the MBA teams as they develop their IP-backed “Go To Market” business plans.  They will support the Foundation financially, with their time and business networks to help insure that the Early X “Go To Market” plans have the greatest opportunities to succeed.

View the Board here

AuthorBardia Dejban

The Early X Foundation is a California non-profit organization currently applying for a retroactive Federal Tax Exemption status of 501c3.  We are committed to:

Provide educational support to university, government, and non-profit research laboratories and others to extract the maximum amount of value (revenue) from intellectual property assets;

Develop and operate educational events, competitions, training and activities to enhance the ability of businesses and researchers to work more closely to improve the value of pre-patent disclosures, patent applications and existing patents;

Educate business executives, students and researchers how to better use creativity and innovation to leverage their skills to improve the prospects of developing intellectual property-backed new businesses and jobs;

Provide a source of funding to the Entrepreneurship Program at the Graziadio School of Business and Management at Pepperdine University and other Early X partners to innovate and develop entrepreneurial programs.

AuthorBardia Dejban