University of Arkanas Partnership for Innovation Innovation Incubator Ron Foster – Director...
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University of ArkanasPartnership for Innovation
Innovation Incubator
Ron Foster – Director Innovation Incubator
[email protected] 479 575-7635
Ken Vickers – Director, microEP Grad Program
[email protected] 479 575-2875
ASEE - Salt Lake City, Utah June 23, 2004 2
University of Arkansas’ Innovation Incubator (I2)
• The University of Arkansas’ Innovation Incubator (I2) is a NSF “Partnerships for Innovation” - funded project, designed to stimulate technology commercialization.
• I2 is also a National Network for Technology and Entrepreneurship Commercialization (N2TEC) partner, representing of a class of states (universities) that have limited access to venture capital.
ASEE - Salt Lake City, Utah June 23, 2004 3
University of Arkansas’ Innovation Incubator (I2)
The Innovation Incubator Provides:
• Assistance in defining and documenting IP• Assistance in initial company formation, including
licensing agreements• Access to university facilities, equipment and intellectual
resources • Funding for a graduate student to work at company’s
direction for one year• Funding for project supplies and materials ($10,000)• Mentoring for proposals on SBIR/STTR• Alignment with GENESIS Business Incubator
ASEE - Salt Lake City, Utah June 23, 2004 4
University of Arkansas’ Innovation Incubator (I2) –
SBIR/STTR Program connections• The SBIR/STTR programs act to strongly encourage
startup companies by providing early-stage seed funding that is seldom available from other sources.
• Phase I awards are typically $100K. ONLY Phase I awardees are allowed to compete for the follow-on $500K to $750K awards.
• Awards come with “no strings attached”, meaning that there are no future liabilities to the company, and intellectual property remains unencumbered.
ASEE - Salt Lake City, Utah June 23, 2004 5
University of Arkansas’ Innovation Incubator (I2) –
SBIR/STTR Program connections
• Awards are highly competitive, with excellent feedback from some agencies (NSF, NIH in particular).
• Small companies entering the competition make significant, rapid progress towards understanding and enunciating a mission.
• I2 REQUIRES that client companies enter at least one proposal.
ASEE - Salt Lake City, Utah June 23, 2004 6
NSF AwardsState of Arkansas
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Year
To
tal $
$
0
1
2
3
4
5
6
7
8
Nu
mb
er
of
Aw
ard
s
Dollars
Awards per Year
ASEE - Salt Lake City, Utah June 23, 2004 7
University of Arkansas’ Innovation Incubator (I2) – NSF SBIR/STTR Awards
NSF
SBIR P I
Awards
STTR P I
Awards Total
Pre-1999 Total 3 0 3
1999 1 1 2
2000 1 0 1
2001 0 0 0
2002 5 0 5
2003 6 1 7
ASEE - Salt Lake City, Utah June 23, 2004 8
NIH AwardsState of Arkansas
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Year
To
tal
$$
0
1
2
3
4
5
6
7
8
Nu
mb
er
of
Aw
ard
s
Dollars
Awards per Year
ASEE - Salt Lake City, Utah June 23, 2004 9
University of Arkansas’ Innovation Incubator (I2) – NIH SBIR/STTR Awards
NIH
SBIR P I
Awards
STTR P I
Awards Total
Pre-1999 Total 5 2 7
1999 2 1 3
2000 1 1 2
2001 1 1 2
2002 0 1 1
2003 6 1 7
ASEE - Salt Lake City, Utah June 23, 2004 10
University of Arkansas’ Innovation Incubator (I2) –
microEP Faculty-Student companies
Company Faculty Student Focus
SBIR
PROP.
SBIR
AWARD I2 VIC
APEI Olejinicecz Lostetter SiC Circuits ~ 5 2 --
Syscon Malshe O’neal Packaging ~ 1 1 --
Vegrandis Fritsch Malaria Detect ~ 4 2
BDI Li Food Safety ~ 4 2
SFC Fluid Tung µFluidics ~ 1 -- -- --
NanoMech Malshe Nanocoating ~ 4 2
Xanodics Schaper Capacitor -- -- --
Moducell Foster Fuel Cell ~ 3 1 --
Nano MF Peng Optical LED ~ 10 3/2 -- --
Nano Ferr Salamo Designed Mat’l -- -- --
ASEE - Salt Lake City, Utah June 23, 2004 11
University of Arkansas’ The Commercialization Mosaic
• I2 provides a central “meeting hall” for the technology commercialization community.
• MGMT 5383 Intra/Entrepreneurship of Technology (NCIIA course grant) trains graduate students to commercialize their research (creating Trojan Horses in traditional faculty’s research labs).
• I2 projects with external companies highlighted IP barriers to technology commercialization – resulting in the Tech Transfer office changing focus from royalty cash flow to equity positions in local startups.
ASEE - Salt Lake City, Utah June 23, 2004 12
University of Arkansas’ The Commercialization Mosaic
• The private Virtual Incubation Corporation (VIC) is an aggressive business partner with many faculty, providing business and SBIR expertise to researchers.
• Business School classes (undergraduate and graduate) are engaging with engineering and science researchers for BP competitions and class projects.
• Business leaders in Arkansas are aggressively pursuing the creation of Angel networks and VC funds.
ASEE - Salt Lake City, Utah June 23, 2004 13
University of Arkansas’ The Commercialization Mosaic
• The College of Engineering, under a new dean, is planning to follow the PhD microEP curriculum model to include entrepreneurism in the all PhD Engineering curricula.
• Phase I SBIR/STTR success stories are now student/faculty water fountain topics, with Phase II stories on the way.
• The Genesis Technology Business Incubation Center provides a sheltered path forward for I2 clients.
ASEE - Salt Lake City, Utah June 23, 2004 14
University of Arkansas’ Innovation Incubator (I2) - Summary
• I2 appears to be a significant catalyst for technology commercialization.
• Immersion of the I2 program within the UA teaching and research missions is critical to success.
• I2 methods have generated success in defining companies and attracting early stage seed funds.
• Commercialization activities are currently dominated by microEP faculty and students.
ASEE - Salt Lake City, Utah June 23, 2004 15
University of Arkansas’ Innovation Incubator (I2) –
microEP Faculty-Student companies
Company Faculty Student Focus
SBIR
PROP.
SBIR
AWARD I2 VIC
APEI Olejinicecz Lostetter SiC Circuits ~ 5 2 --
Syscon Malshe O’neal Packaging ~ 1 1 --
Vegrandis Fritsch Malaria Det. ~ 4 2
BDI Li Food Safety ~ 4 2
SFC Fluid Tung µFluidics ~ 1 -- -- --
NanoMech Malshe Nanocoating ~ 4 2
Xanodics Schaper Capacitor -- -- --
Moducell Foster Fuel Cell ~ 3 1 --
Nano MF Peng Optical LED ~ 10 3/2 -- --
Nano Ferr Salamo Designed Mat’l -- -- --