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Remarks to TechStars
 Patriot Boot Camp



     @Aneeshchopra
www.facebook.com/apchopra
An Economy That’s Built to Last
DARPA “Crowd-Derived” Combat Support Vehicle Pilot Delivers


                                                                      Winner - “Flypmode” built in four
                                                                         months, presented to the
                                                                          President at “Advanced
                                                                        Manufacturing Partnership”
                                                                         Launch – June 24th, 2011




           DARPA taps Local Motors to
           design a support vehicle; 159
            entries produced within two
            months by tapping growing
           network of 20,000 designers,
            including Victor Garcia – an
                     immigrant



Source: DARPA, Local Motors;
http://www.coroflot.com/victorgarcia/DARPA-XC2V-FLYPMODE-Concept/10
New Firms at the Heart of a Growing Economy
“Crowdfunding” a (Potential) Game Changer for the Region




               Fred Wilson estimates          Compared to other
                  $300BN market if        benchmark states, VA had
             Americans allocate 1% of       the 2nd lowest level of
             their investment portfolio   entrepreneurs per capita in
                to startups; total VC                2005
                   market ~$30BN
President’s Strategy for American Innovation
Tech Role in Securing Our Economic Growth and Prosperity

                                                                                                                Open Innovator’s Toolkit
                                                                                                                       ~Open Data
                                                                                Catalyze                      ~Acting as Impatient Convener
                                                                           Breakthroughs for                      ~Prizes & Challenges
                                                                           National Priorities                ~Celebrating Entrepreneurship
             Patent Reform;                                      • Unleash a clean energy revolution
             Internet Policy                                     • Accelerate biotechnology,
               Principles                                        nanotechnology, and advanced manufacturing
                                                                 • Develop breakthroughs in space applications
                                                                 • Drive breakthroughs in health care technology                       Wireless
                                                                 • Create a quantum leap in educational technologies
                                                                                                                                     Innovation &
                                                              Promote Market-Based Innovation                                       Infrastructure
                                         •      Accelerate business innovation with •       Encourage high-growth and innovation-      Initiative
                                                the R&E tax credit                          based entrepreneurship
                                         •      Promote investments in ingenuity        •   Promote innovative, open, and
                                                                                                                                        (“Wi3”)
                                                through effective intellectual property     competitive markets
                                                policy

                                                Invest in the Building Blocks of American Innovation
                                         •   Educate Americans with 21st century skills and create a world-class workforce
                                         •   Strengthen and broaden American leadership in fundamental research
                                         •   Build a leading physical infrastructure
                                         •   Develop an advanced information technology ecosystem




Source: http://www.whitehouse.gov/innovation/
Opportunity #1: Focus on the “ET” in STEM
Modeling & Simulation “Flexbook” v. 0.9 Released
                                                    Goal:
                                        NASA + 19 volunteer teachers
                                        offer timely, vetted, state-of-
                                          the-practice information
                                       and lesson plans on M&S; now
                                        part of sciences SOL in 2012
Skills Translation Critical for Service Transition
An Open Collaboration to Help Increase Veteran Employment

                            VeteransJobBank                        “Apps for Heroes”




                                                         Twilio developer
                                                       Tony Webster builds
                                                        an app in 2 hours –
                   New tool launched to ensure job       earns an invite to
                   listings find veterans; currently    “Apps for Heroes”
                  accesses 800K+ “tagged” listings     celebration with Dr.
                 courtesy of 750+ employers and 33+           Biden
                          “tagging” partners



Source: www.nrd.gov; www.herojobs.org
Opportunity #2: Launch “Crowdfunding”
  Behavioral Segmentation
Blacksburg Retained High-Growth Lujure Despite “Poaching” Effort
                             Austin-based VC offered term sheet but
                            req’d HQ move; web platforms improved
                               discovery – Lujure registered with
                              AngelList; chose to raise $500K from
                               Dave Cohen, Dave McClure, other
                                           luminaries




  Nathan Latka
   built firm in
   dorm room;
 serves 62,500+
  customers, is
  profitable and
 expanding to 25
  FTEs in 2012
Startups Growing Through Challenges
Public and Private Sector Sponsorship Spurs Entrepreneurship

     Startup America Partnership              Data Design Diabetes Challenge




                                                                 Sanofi awards
                                                                 prize to recent
                                                                 MIT grads; they
                                                                raise $1.7M, hire
      Tapping into the expertise of student                        7 FTEs for
        teams to pose policy “business                               passive
       plans” that might lead to jobs and                          monitoring
            industries of the future
Opportunity #3: Startups with a Purpose
$1+BN Growth Markets in Energy Efficiency, Value-Based Health




                            Service offers real-
                               time building
                             energy efficiency
                            benchmarking; 1M
                             bldg owners will
                               have “Green
                              Button” in 2012
Serving Warfighters with “Transformative Apps”
Hardens Commercial Tools to Support Military Market


                                        i-Target
          Networked




                                                                            User as screener of innovation
                                                                              from vibrant development
          Loosely Networked




                                         TIGR

                                                                            Download




                                                                                                             Development
                                                                            Apps                                           Affordable handhelds & apps




                                                                                      community
                                                                                                                               on a secure network
                        “Standalone”




                                       Translator
                                                                                                                            Pervasive across all ranks
                                             Military apps
                                                  store




                                                                                 Screening &
                                                                                    “Voting”

                                                                                                                                Adaptive. Resilient.
                                                                                                                           ‘Crowd’ sourced innovation in
                                                                                                                                development & use.
                                                                                                                           Strategic surprise on the fly.

                                                                                                                                      In the Field
                                                             3rd Brigade equipped Fall 2011 with “hardened”
                                                             android devices on secure networks accessing a
                                                                 dozen apps from maps to field reporting
Early Days in the Warfighter “App Store”
Several Apps Available on Commercial Networks
Open Collaboration in aaCrisis for ACN
 #4:“Startup” 911 Center Model
Platforms Link “Listeners” to “Helpers” Serving Haitians in Need




                         “Where can I find
                          food & water?”




                                              "I see people trapped
          "I just am glad someone
                                              under a building and
          is listening and to know
                                               they are alive at this
                I'm not alone."
                                             location! Send Help!"




 Source: Katie Stanton

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Aneesh Chopra - TechStars Patriot Boot Camp Presentation

  • 1. Remarks to TechStars Patriot Boot Camp @Aneeshchopra www.facebook.com/apchopra
  • 2. An Economy That’s Built to Last DARPA “Crowd-Derived” Combat Support Vehicle Pilot Delivers Winner - “Flypmode” built in four months, presented to the President at “Advanced Manufacturing Partnership” Launch – June 24th, 2011 DARPA taps Local Motors to design a support vehicle; 159 entries produced within two months by tapping growing network of 20,000 designers, including Victor Garcia – an immigrant Source: DARPA, Local Motors; http://www.coroflot.com/victorgarcia/DARPA-XC2V-FLYPMODE-Concept/10
  • 3. New Firms at the Heart of a Growing Economy “Crowdfunding” a (Potential) Game Changer for the Region Fred Wilson estimates Compared to other $300BN market if benchmark states, VA had Americans allocate 1% of the 2nd lowest level of their investment portfolio entrepreneurs per capita in to startups; total VC 2005 market ~$30BN
  • 4. President’s Strategy for American Innovation Tech Role in Securing Our Economic Growth and Prosperity Open Innovator’s Toolkit ~Open Data Catalyze ~Acting as Impatient Convener Breakthroughs for ~Prizes & Challenges National Priorities ~Celebrating Entrepreneurship Patent Reform; • Unleash a clean energy revolution Internet Policy • Accelerate biotechnology, Principles nanotechnology, and advanced manufacturing • Develop breakthroughs in space applications • Drive breakthroughs in health care technology Wireless • Create a quantum leap in educational technologies Innovation & Promote Market-Based Innovation Infrastructure • Accelerate business innovation with • Encourage high-growth and innovation- Initiative the R&E tax credit based entrepreneurship • Promote investments in ingenuity • Promote innovative, open, and (“Wi3”) through effective intellectual property competitive markets policy Invest in the Building Blocks of American Innovation • Educate Americans with 21st century skills and create a world-class workforce • Strengthen and broaden American leadership in fundamental research • Build a leading physical infrastructure • Develop an advanced information technology ecosystem Source: http://www.whitehouse.gov/innovation/
  • 5. Opportunity #1: Focus on the “ET” in STEM Modeling & Simulation “Flexbook” v. 0.9 Released Goal: NASA + 19 volunteer teachers offer timely, vetted, state-of- the-practice information and lesson plans on M&S; now part of sciences SOL in 2012
  • 6. Skills Translation Critical for Service Transition An Open Collaboration to Help Increase Veteran Employment VeteransJobBank “Apps for Heroes” Twilio developer Tony Webster builds an app in 2 hours – New tool launched to ensure job earns an invite to listings find veterans; currently “Apps for Heroes” accesses 800K+ “tagged” listings celebration with Dr. courtesy of 750+ employers and 33+ Biden “tagging” partners Source: www.nrd.gov; www.herojobs.org
  • 7. Opportunity #2: Launch “Crowdfunding” Behavioral Segmentation Blacksburg Retained High-Growth Lujure Despite “Poaching” Effort Austin-based VC offered term sheet but req’d HQ move; web platforms improved discovery – Lujure registered with AngelList; chose to raise $500K from Dave Cohen, Dave McClure, other luminaries Nathan Latka built firm in dorm room; serves 62,500+ customers, is profitable and expanding to 25 FTEs in 2012
  • 8. Startups Growing Through Challenges Public and Private Sector Sponsorship Spurs Entrepreneurship Startup America Partnership Data Design Diabetes Challenge Sanofi awards prize to recent MIT grads; they raise $1.7M, hire Tapping into the expertise of student 7 FTEs for teams to pose policy “business passive plans” that might lead to jobs and monitoring industries of the future
  • 9. Opportunity #3: Startups with a Purpose $1+BN Growth Markets in Energy Efficiency, Value-Based Health Service offers real- time building energy efficiency benchmarking; 1M bldg owners will have “Green Button” in 2012
  • 10. Serving Warfighters with “Transformative Apps” Hardens Commercial Tools to Support Military Market i-Target Networked User as screener of innovation from vibrant development Loosely Networked TIGR Download Development Apps Affordable handhelds & apps community on a secure network “Standalone” Translator Pervasive across all ranks Military apps store Screening & “Voting” Adaptive. Resilient. ‘Crowd’ sourced innovation in development & use. Strategic surprise on the fly. In the Field 3rd Brigade equipped Fall 2011 with “hardened” android devices on secure networks accessing a dozen apps from maps to field reporting
  • 11. Early Days in the Warfighter “App Store” Several Apps Available on Commercial Networks
  • 12. Open Collaboration in aaCrisis for ACN #4:“Startup” 911 Center Model Platforms Link “Listeners” to “Helpers” Serving Haitians in Need “Where can I find food & water?” "I see people trapped "I just am glad someone under a building and is listening and to know they are alive at this I'm not alone." location! Send Help!" Source: Katie Stanton