| About the lecture In this lecture, Richard Caro talks about why so many promising early stage technology development projects get trapped in the Valley of Death.
The focus is on:
- how to avoid this trap, and
- how to escape from the Valley of Death if you fall into it.
Avoiding the Valley of Death
View interactive lecture: audio + slides (48 mins)  
The workshop is a live recording (including slides) of a lecture given in April, 2008 to an audience of entrepreneurs in Melbourne, Australia, organized by the Small Technologies Cluster.
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This lecture is also now available on DVD (for "lean back" viewing).
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Abstract All too often, promising technology development projects languish for years in limbo after they move beyond the initial research stage. There is even a name for this: the Valley of Death, which projects need to cross before attracting startup funding, or development partners. These projects are too far along to get funding from “research” sources, but are unable to negotiate partnership or licensing arrangements with large companies, or attract investors, because they are perceived as “too early”.
Some believe that the Valley of Death is an unavoidable feature of the landscape, or that it exists because of flaws in the way investors think. We think of it as more analogous to a sand trap in golf. It certainly exists, and falling into it is bad. However it can be avoided all together with careful planning and good execution. Even if you fall into it, you can get out if you know how.
In this talk, Richard Caro will talk about why so many promising early stage technology development projects get trapped in the Valley of Death. He will focus particularly on how to avoid this trap, and how to escape from the Valley of Death if your company or project falls into it.
This talk will draw on Richard’s 20+ years of experience working at the interface of science and business in the USA. It will be particularly relevant for leaders of emerging technology businesses, and of commercialization initiatives in science based fields such as nanotechnology, photonics, cleantech, communications, and life sciences.
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