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Innovation & Commercialization:
Research & Technology Based Economic Development
o 1936: UA opened “Birmingham Extension Center” in old house on 6th Ave N, with 116 students
o 1944: Medical College of Alabama established o 1969: UAB becomes one of 3 autonomous campuses in newly formed UA
System o UAB from1969 to present:
o Enrollment of 5,381 to 18,000 o 15 city blocks to 82; 1.6 million GSF to 13.6 million o Budget of $50 million to more than $2 billion
o In 4 decades, UAB becomes a globally respected research university and medical center
o Largest employer in state of Alabama with 23,000 employees Top 5 Best Places to Work in Academia by The Scientist
o $2.6 billion annual budget o >$450 million in Annualized Research Dollars o 31st in federal research expenditures o 20th overall in NIH funding o $4.6 billion annual impact on the region’s economy
In just 43 years:
• 16 to 1 leveraging on a state investment in FY12 of ~$270 million
• Health Center • Construction • Students and on-campus activities • Research • Spin-offs
• In the 2012 Academic Ranking of World Universities (ARWU), UAB is in top 100 for life sciences
• Performance Ranking of Scientific Papers for World Universities 2012 o UAB is 93rd in overall ranking
32nd in clinical medicine 61st in life sciences
Sarah Parcak BBC and Discovery Channel TED Fellow
Gary Warner NBC “Rock Center” with Brian Williams
Jim McClintock The Diane Rehm Show (NPR)
• UAB has more federal research expenditures than any other non-member and more than 30 current members o $324M – 32nd nationally o Asset in recruitment and to give us a voice in issues critical
to our future o Research drives innovation o Innovation is key to commercialization and economic vitality
• UAB attracts 77% of total NIH funding to Alabama institutions (with $228.6 million)*
• The Scientist ranked UAB in Top 5 Best Places to Work in Academia
*2007data
UAB Research Funding
o Total research funding has doubled every decade; now ~ $500 million
o Ranked 30th nationally in federally funded research at ~$270 million
o Ranked 22nd overall in NIH funding (~$220 M), four schools in top 25 o Health Professions: 2nd o Optometry: 4th o Public Health: 12th o Medicine: 22nd o NIH funding is 77% of state total
UAB Also Far Outpaces Other State Universities in Research Expenditures (2007 data)
o UAB $269,006 o Auburn U. $54,949 o UA Huntsville $48,415 o UA $27,744 o U. South AL $16,400 o Tuskegee U. $11,033 o AL A&M U. $8,467 o AL State U. $1,685 o Jacksonville State U. $371 o Miles C. $197 o Troy U. $181
Universities in Alabama had $438,448,000 in federal research expenditures in 2007
Federal Research Funds (thousands)
2009 $300
2010 $325
2011 $344
2012 $294
2009-2012 UAB Federal Research Funds (millions):
State Universities Expenditures ($ millions)
UAB 325 (32nd nationally)
UAHuntsville 73
Auburn U 54
U Alabama 26
AL A&M 22
U South AL 15
Tuskegee U 13
AL State U 12
Total 540
NSF 2010 Federal Research Expenditures: Alabama Schools
UAB Nationally: Among the Elite Top 30
1. Johns Hopkins 2. Univ of Washington 3. Michigan 4. Stanford 5. UCLA 6. MIT 7. Pennsylvania 8. UC San Diego 9. Wisconsin 10. UCSF 11. Columbia 12. Duke 13. Penn 14. Colorado 15. Washington Univ
16. Penn State 17. Cornell 18. Southern Cal 19. Yale 20. UNC 21. Minnesota 22. Ohio State 23. Vanderbilt 24. Case Western 25. Texas 26. Rochester 27. Emory 28. Harvard 29. Arizona 30. UAB
Moving Research From University Blvd to Main Street
UABRF owns & manages intellectual property created by the UAB community 501.c.3. organization Established 1987 No employees (UABRF staff are UAB employees Increased emphasis on economic development:
Company formation Corporate partner development Corporate recruitment (with BBA, AL Dept. of Commerce)
Since its formation in 1987, UABRF has generated more
than $65 million in licensing revenues ($41,155,324 since 2007), of which:
$28,309,458 has been returned to UAB for investment
in further research; and $17,672,112 has been distributed to inventors
UABRF’s ROI since 2005 = 3.6
UABRF has helped in the creation of >55 start-up
companies based on UAB technologies
Established Companies
Emerging spin-off companies
Service Providers
New Companies Knowledge Capital Economic Growth
Innovation Ecosystem:
19
• Ongoing collaboration with Birmingham Business Alliance is stronger than ever o Commercialization Advisory Committee o “i2i” (Invention to Innovation) to speed tech transfer o Plans to start venture philanthropy fund
• Southern Research Institute: The Alabama Drug Discovery Alliance
o 20 projects under way o Promising lead for Parkinson’s Disease
• Alabama Launchpad - two winners in 2012
Invention to Innovation (“i2i”)
UAB’s Entrepreneurial Activity • Strategic Plan
Stresses outreach to regional industries; commercialization • College of Arts and Sciences
Interdisciplinary Innovation Forum • The UAB Health System
Innovation Board • UAB School of Business
Entrepreneur-in-Residence • UABRF
Embedded Business Development Consultant • Edge of Chaos
Space and opportunity for thought leaders to mingle
Technology Industry
Metropolitan Birmingham: sixth best “Brain Magnet” in the
nation Forbes, February 2011
Information Technology, 458
Analytical Services, 81
Medical Device Manufacturing, 39
Life Sciences Manufacturing, 33
Resources: The Region
Blueprint Birmingham: Economic Prosperity
Action Items: • Develop a public/private partnership “Proof of Concept” center to
develop new startups • Raise an “Innovation Fund” to support the patent portfolio at UAB • Lobby for state/federal appropriations that support the
Recruitment of top faculty/facilities to maximize impact on R&D activities at UAB
• A business incubation facility and program that focuses on the development of emerging biotechnology/life science, information technology and service businesses, operates in partnership with UAB.
• A public-private economic development effort, Innovation Depot is funded by the Birmingham regional business community, the Community Foundation of Greater Birmingham and other leading private foundations, UAB, the City of Birmingham and Jefferson County.
• Largest incubator in Southeast
o 92 start-ups, 500 employees o $1.4 billion sales impact in past 5 years
• National Business Incubation Association honor:
o Top Technology Incubator (2011)
• 2012 “Soft Landings” designation for helping international companies navigate into U.S. market (1 of 25 worldwide)
One of 7 ‘Hot Startup Incubators” – CNN Money (2011)
• Institute for Innovation and Entrepreneurship –implementation 2Q-4Q2013 o Internal investment strategy to translate promising concepts into
new companies Malcovery and HelmetWerx as prototypes Advisory panel to include expertise from both inside & outside UAB
• Alabama Innovation Fund o First recognition of universities as economic drivers o $2M of $4M came to UAB in FY12 o Uncertain about FY13 o Hopeful for FY14
• Philanthropy: Maintaining the Momentum
o Since 2008, we have raised $332M o ~45% growth in endowed chairs, professorships, scholarships o National Alumni Society has over 10,400 members, 61 chapters o Aggressive fundraising campaign in 2013
New branding initiative:
“Knowledge that will change your world”
Growing the entrepreneurial ecosystem
Source: jumpstartinc.org/ecosystem
Prioritizing needs: Proof of Concept Capacity
Innovation Fund
Entrepreneur Scholars
Mentoring
Education
UABRF - proactive use of 501(c)3
David Winwood [email protected]