Milton Chang is Managing Director of Incubic and author of Toward Entrepreneurship. He was President/CEO of Newport Corporation and New Focus Inc., which he took public. As an angel investor, including Newport and New Focus, the company he incubated provided six IPOs and seven acquisitions, none failed. And 40% of the companies he co-invested with VCs were successful. He is a member of the Board of Trustees of the California Institute of Technology, and a member of the SEC Advisory Committee on Small and Emerging Companies. He was on the Visiting Committee on Advanced Technology of the National Institute of Standards and Technology, and the authoring committee of the National Academies’ Optics and Photonics: Essential Technologies for Our Nation. Dr. Chang earned his BS engineering degree with highest honors from the University of Illinois and PhD from the California Institute of Technology. He was awarded Distinguished Alumni from both U of I and Caltech. He also attended the Harvard Owner/President Management Program (OPM) and was a member of the Young President Organization (YPO). He is a fellow of the Institute of Electrical and Electronic Engineers, the Optical Society of America, and the Laser Institute of America, and past president of IEEE Photonics Society and the Laser Institute of America. He is also a member of Committee of 100.