Tips & Tricks: Using the US-BOLT Term Sheet for Climate Startups

In Fall 2023, a group of universities and VCs who have significant experience in launching climate startups worked together to develop a version of the US-BOLT startup term sheet templates for use with climate-related innovations. That effort culminated in April 2024, when the group released the approved version of the climate template, an event which was celebrated by the White House Office of Science and Technology Policy in Washington, DC. The webinar panelists will discuss how the effort came together, ways it was similar and different from the life science version of the US-BOLT, and how the term sheet should be used by universities and VCs going forward.

Date:  July 11, 2024
Time: 12 p.m. ET
Cost:  Members $0, Non-Members $225
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Presenters:
•    Orin Herskowitz, Executive Director, Columbia Tech Ventures
•    Jonathan Gortat, Director of Licensing and Strategic Alliances, Stanford University
•    Kirsten Leute, Osage University Partners
•    Dr. Rosemary Kiser, Assistant Director for Technology Transfer, California Institute of Technology
•    Kyle Teamey, Managing Partner, Planetary Health, RA Capital

Presenter Bio:
Orin Herskowitz is SVP of Applied Innovation and Industry Partnerships for Columbia, Executive Director of Columbia Technology Ventures (CTV) and an adjunct professor for Columbia’s Intellectual Property for Entrepreneurs course. He has been a peer reviewer for innovation and entrepreneurship awards for the National Science Foundation and the Association of Public and Land-grant Universities; has been a board member or on the leadership team of many technology accelerator programs; is or has been a board member for the Center for American Entrepreneurship and Incubate: is a senior Fellow for the Center for Strategic and International Studies, and is a member of the National Advisory Committee on Innovation and Entrepreneurship for the Secretary of Commerce under both the Obama and Biden Administrations.

Jonathan Gortat is the current Director of Licensing and Strategic Alliances for Physical Sciences, Office of Technology Licensing (OTL) at Stanford University. Prior to this role he was Assistant Director at the University of Illinois-Chicago Office of Technology Management where he supervised technology managers and was responsible for technology and market assessment, patent strategy, valuation, negotiation and licensing of UIC intellectual property assets. Before joining UIC, he spent more than seven years working in technology transfer at Purdue Research Foundation and more than five years in industrial pharmacy research and project management. He has extensive experience in pharmaceutical and chemical unit operations and analytical methods associated with the pharmaceutical industry. He holds an MBA from the Krannert Graduate School of Management at Purdue University and a baccalaureate of science degree in Chemical Engineering from Purdue University.

Kirsten Leute is responsible for relationships with the more than 100 academic institutions that are partnered with the fund, engaging potential new partner institutions and enhancing and creating value-add programs for the partnered academic institutions at Osage University Partners (OUP). She is an experienced technology transfer professional, spending 19 years in technology transfer at Stanford University and the German Cancer Research Center. Prior to joining OUP, she was Associate Director at Stanford’s Office of Technology Licensing. Over her career at Stanford, she managed portfolios of inventions in most technology areas, but concentrated in biotechnology. Kirsten has also been actively involved in technology transfer outside her daily work. She is a former two-time AUTM board member and speaks frequently on university technology transfer.

Rosemary Kiser joined the Office of Technology Transfer and Corporate Partnerships at Caltech in 2017. As Assistant Director for Technology Transfer, Rosemary works closely with faculty and researchers to provide advice on startups, patenting and licensing. Her duties include drafting and negotiating license, collaboration, confidentiality, materials transfer and research agreements, making patent filing and prosecution decisions for the Division of Chemistry and Chemical Engineering and the Resnick Sustainability Institute. She holds a Bachelor of Science Degree in Chemistry from the University of California, Berkeley and a Doctoral Degree in Chemistry from Stanford University. Prior to working in technology transfer she did postdoctoral research in polymer chemistry at Caltech and worked for six years in business development at a Caltech startup company focused on industrial chemicals and materials. She is a registered U.S. patent agent.

Kyle Teamey is Managing Partner, Planetary Health, at RA Capital and leads investments in private companies that are developing innovative solutions to address climate change and environmental sustainability. Prior to joining RA, Kyle was a partner at Breakthrough Energy Ventures (BEV), where he led investments and served on company boards that span the utilities, energy storage, chemicals, agriculture, automotive, recycling and consumer products sectors. Before BEV, Kyle was a principal at In-Q-Tel, the strategic investment arm of the CIA and US Intelligence Community, where he invested in early-stage manufacturing, materials, energy, computing and defense companies. He was also the CEO and co-founder of Liquid Light, developer of a proprietary process to make major chemicals from CO2, which was sold to Avantium in 2016. Kyle also recently retired as a Colonel in the US Army Reserve after 24 years of service. He holds a BA in Environmental Engineering from Dartmouth College (1998), an MA in International Finance and Energy Policy from John Hopkins University (2008), an MS in Materials Science from Columbia University (2012), and a Masters of Strategic Studies from the Army War College (2020).