// definition and function to write a random factoid in the left sidebar of each page
var factoids = new Array(20);
factoids[1]="MIT has approximately 2200 patents in its portfolio.";
factoids[2]="MIT faculty disclose over 400 inventions every year.";
factoids[3]="In each of the past five years, MIT has been granted over 120 patents per year.";
factoids[4]="Each year, more than $500 M in sponsored research is conducted at MIT.";
factoids[5]="University inventions add more than $20 billion and 150,000 jobs to the US economy each year.";
factoids[6]="Deshpande Center has applied over $7M in funding since 2002.";
factoids[7]="In 2006, 23 MIT technology-based startups were funded.";
factoids[8]="In 1997, 4,000 MIT founded companies employed 1.1 million people and had annual world sales of $232 billion.";
function write_random_factoid() {
document.write(factoids[Math.round(Math.random() * 7) +1]);
}
var quotesintro = new Array(5);
var quotessolving = new Array(5);
var quotesprotecting = new Array(5);
var quotesstarting = new Array(5);
var quoteslicensing = new Array(5);
function write_random_quotesintro() {
document.write(quotesintro[Math.round(Math.random() * 0) +1]);
}
function write_random_quotessolving() {
document.write(quotessolving[Math.round(Math.random() * 2) +1]);
}
function write_random_quotesprotecting() {
document.write(quotesprotecting[Math.round(Math.random() * 2) +1]);
}
function write_random_quotesstarting() {
document.write(quotesstarting[Math.round(Math.random() * 2) +1]);
}
function write_random_quoteslicensing() {
document.write(quoteslicensing[Math.round(Math.random() * 1) +1]);
}
quotesintro[1]=""A long time ago, I used to just write my papers, which was great to get knowledge out there. But the [start-up] companies have taken them a step further and gotten innovations out to people to improve human life."
- Bob Langer, recipient of Lemelson-MIT prize for being "one of history's most prolific inventors in medicine" and the Charles Stark Draper Prize";
quotessolving[1]=""At Stylus Innovation, we started with no market experience and wasted a lot of time guessing what people would want. But eventually, after a lot of experience using computer telephony tools that people were already buying, we launched Visual Voice, and Stylus took off like a rocket."
- Mike Cassidy, successful entrepreneur, co-founder of Stylus Innovation and Direct Hit";
quotessolving[2]=""Funders want to see an idea with nine lives....but an owner that knows which one to live first"
- Steve Brown, an experienced business development professional; former licensing officer at MIT";
quotessolving[3]=""Developing technology for commercialization without direct contact with potential customers is like playing video games - it's fun, but that's about it."
- Bruce Anderson MIT ’69, co-founder of 8 companies, principal Ignite! High-Tech Startups, LLC";
quotesprotecting[1]=""Don't regret the first words out of your mouth...Get a non-disclosure agreement signed before disclosing your invention to anyone...maintain your right to patent"
- Steve Brown, an experienced business development professional; former licensing officer at MIT";
quotesprotecting[2]=""Patenting your technology is a means to attract investment to develop and commercialize your early-stage results. This may lead to investment in a new company or, more commonly, investment by an existing company interested in expanding into new technologies. The satisfactions from this are both seeing your invention "made real", and receiving a royalty stream."
- Lita Nelsen, Director, MIT Technology Licensing Office";
quotesprotecting[3]=""If you don't protect your idea, the impetus often isn't there for companies to want to take them to market. So IP protection increases the chances of your idea getting out and doing good."
- Bob Langer, Germeshausen Professor of Chemical & Biomedical Engineering MIT, Recipient of Lemelson-MIT and Charles Stark Draper Prizes, prolific inventor and entrepreneur";
quotesstarting[1]=""When evaluating a new opportunity, VCs are looking at three things: the people, the product or innovation, and the market space. Many entrepreneurs know their innovation cold, but need to find help to get the right people and to understand the market."
- Jamie Goldstein, general partner, North Bridge Venture Partners";
quotesstarting[2]=""I spent Nov. 1999 to April 2000 on my own trying to start this business…I made very little progress. After working together with new partners for only 6 months, we have organized a company and raised seed capital. The results are outstanding."
- Steve Carlson, MIT PhD ’69, cofounder Optodot Corp.";
quotesstarting[3]=""Developing technology into products is a full time job; starting and running a business is a full time job. Don't expect to do both."
- Bruce Anderson MIT ’69, co-founder of 8 companies, principal Ignite! High-Tech Startups, LLC";
quoteslicensing[1]=""Innovative companies are always looking for cutting-edge technology to license. As a startup in today's economy, we don't have a lot of capital to work with, and so licensing technology for equity is the most cost-effective way for us to leapfrog the competition. But it's difficult to find relevant technology that fits a market need and is well protected."
- Rich Kivel, CEO Mollecularware";
quoteslicensing[2]=""Hundreds of companies contact MIT each year looking for new technology. The MIT Technology Licensing Office makes it easy for you to disclose and patent your technology; it will then market your technology to companies--or help you find investment for a startup."
- Lita Nelsen, Director, MIT Technology Licensing Office";