A New Look at Innovation, Entrepreneurship and Commercialization …€¦ · A New Look at...
Transcript of A New Look at Innovation, Entrepreneurship and Commercialization …€¦ · A New Look at...
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William S. Ball, M.D. Interim Vice-President for Research
University of Cincinnati
A New Look at Innovation, Entrepreneurship and Commercialization in
an Academic Culture: The University of Cincinnati Experience
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10-Year Research Funding
2011 … $251, 228,315 2010 … $284,820,135 2009 … $238,375,939 2008 … $214,635,140 2007 … $204,892,792 2006 … $197,830,254 2005 … $210,816,314 2004 … $188,321,799 2003 … $197,108,302 2002 … $163,147,186
UC alone
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2011 Research Awards by Source FY 2011 Research Awards by Funding Source *Not including affiliates Based on a total of $251,228,315 Federal $208,507,901 83.00%
NIH $100,949,904 40.18% NSF $9,884,423 3.93% DoD $16,797,087 6.69% D. of Edu. $52,003,506 20.70%
Other Fed. $28,87,981 11.49% Industry 2011 $18,953,838 7.54% Local Government $390,457 0.15% State of Ohio $10,899,267 4.34% Other, Nonprofit $12,476,852 4.97%
• Federal funding remains our primary source for funding • There is clearly room for growth in industry
research; Target 20%
Industry 2010 $15,233,890 5.35%
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Technology Transfer Activity
2012 2011 2010 Invention Disclosures 117 106 82
Royalty Income ? $515,281 $480,602 Patent Applications 70 70 50 Patents Issued 20 11 16
Start-Up Activity 6 3 7
Within a major university, technology transfer may represent only a portion of our overall intellectual property
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Research Basics in an academic environment
• Challenges to research at UC § Restructuring to enhance opportunities § Diversifying our Research Portfolio –
Increasing Industry Partnerships § Enhancing entrepreneurial opportunities
faculty and students § Answering the question: “What is the role for
commercialization at UC?”
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1/23/13
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University of Cincinnati Rethinks Commercialization
• UC, like many universities, is now taking a new look at how commercialization fits within a university’s charge, and the impact we can have within the community.
• Commercialization for a university is clearly not a get rich quick scheme, with emphasis on rich and quick.
• Universities must take advantage of commercializing the full range of its intellectual property rather than just a focus on technology transfer.
• If not to financially enhance the university, then why the effort on commercialization?
• It allows for innovation to grow and thrive within a university for faculty, students and staff.
• It provides for good stewardship in support of community growth and development (Jobs for our students and Ohio)
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• Support of Community economic efforts § Industry Partnerships § Workforce development § Community efforts: Centrifuse
• University of Cincinnati Accelerator for Commercialization (UCAC)
• University of Cincinnati Research Institute (UCRI)
Directions for UC
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University of Cincinnati Accelerator for
Commercialization
Dorothy H. Air, PhD Associate Vice President for
Entrepreneurial Affairs and Technology Commercialization
William S. Ball, MD Interim Vice President for Research
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Technology Commercialization Accelerator Goals
• Goal: § To establish a Technology Commercialization Accelerator on a pilot basis as a platform
for attracting new financial resources and generating commercialization success to establish UC as a technology commercialization leader, generating new revenue streams through increased start-up company, licensing and industry activity and attracting additional external funding revenue streams
• Centralized organizational structure within the University in order to serve as a resource for all colleges and units
• Formalized process and appropriately resourced infrastructure to produce commercialization outputs (staffing, gap funding, start-up company investment fund)
• Infrastructure and resources targeted to the specific early stage needs of university technologies
• Structured as a two year pilot project focused initially on engineering and biosciences
• Initial funding - $1,250,000 (Investment, Ohio/UC, Third Frontier) • Location on Short Vine
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Technology Commercialization Accelerator Phase 1 Outcome Goals
• Outcome Goals for Phase 1 Pilot Accelerator: § Establishment of scalable commercialization
infrastructure capable of supporting the innovation potential of UC
§ 50% increase in disclosures to expand raw deal flow
§ Doubling of start-up companies capable of attracting outside resources
§ Formation of partnership commitments required for expansion and sustainability for Phase 2
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UCRI
• 501c(3) • Funded by a grant from UC to UCRI $5M/5years • Will be available to all colleges and affiliates • Board of Directors – 9 initial (4+5) with expansion to 11 in future • CEO – Search to begin in 2012 • Transition Team currently in place to begin operations • Industry sponsored research • Allow for commercialization of all IP not just TT – Centers • Initial business and legal operations will be purchased services with
eventual independent UCRI operations with continued growth • Allows for integration of education with research
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