Frank Hawkins Kenan Institute of Private Enterprise

BOT Impact Committee

September, 2013

2

Ø  Corporate research labs that drove American industrial leadership

in the twentieth century have largely been dismantled

Ø  Today, our Nation’s primary source of new knowledge and skilled pioneers is our research universities

Ø  Silicon Valley, HWY 128, San Diego, Austin, NYC, RTP, Phila/Baltimore

Ø  Federal R&D budget is the fuel for innovation in the USA Ø  35% of the federal R&D budget goes to 25 universities

Ø  Research output consolidating; 24 universities share 42% of overall US research output. News of the Week, Science 330 (2010) 1032

Ø  “Startups aren’t everything when it comes to job growth. They’re

the only thing.” “The Importance of Startups in Job Creation and Job Destruction” Kauffman Foundation, July 2010

Ø  “Startups are a wonderful thing, but they cannot by themselves increase tech employment…[we need to} build factories, and hire people by the thousands.” Andy Grove: How America Can Create Jobs

Ø  Key regions in the USA, and other countries, are increasingly investing in their own competitiveness, especially in their research universities

America is driven by innovation

Source: Research Universities and the Future of America, National Academies, June 2012

Convergence!•  National Academies study

•  The coming together of different fields of study through collaboration and the integration of approaches that were originally viewed as distinct and potentially contradictory.

•  “…convergence is a blueprint for innovation…”

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Extend to social sciences, humanities and performing arts

“It’s in Apple’s DNA that technology alone is not enough. It’s technology married with

liberal arts; married with the humanities; that yields us the result that makes our heart sing”

Steve Jobs

2016  Objec+ves  

Mission  We  are  a  partner  for  innova-ve  

entrepreneurship  

Vision  To  elevate  North  Carolina  as  a  global  leader  in  innova-on  and  

entrepreneurship  

5

Connect

Create

Accelerate Collaboration

Innovation

Diversity

Priorities

Leverage  Intellectual  Capital  for    NC  Economic  Development  

Expand  Mul--­‐University  Research  Transla-on

Increase  UNC-­‐CH  Entrepreneurship  

Values

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7

8

Frank Hawkins Kenan Institute the ‘Front Door’ for UNC Entrepreneurs

9

University

 Com

mercializa

-on  

Research  

Pre-­‐Disclosure  

Inven-on  Disclosure  

Assessment  

Protec-on  

Marke-ng  to  Find  or  Form  a  Licensee  

Licensing  

Commercializa-on  

Revenue  

Reinvest  in  Research  &  Educa-on  

IDEA  

• Patent  • University  Spinout  

• Copyright  

TO  

• Resource  Naviga-on  • Patent  Landscape  • Market  Research  • Business  Advising  • Team  Forma-on  • Conflict  of  Interest  Advising  

• Crea-on  of  Resources:  Assist  in  Iden-fying  Capital  

MARKET  

• New  firm  • Exis-ng  firm  

Concierge  Service  for  Entrepreneurs  

Office of Technology Development

Research   Pre-­‐Disclosure  

Inven+on  Disclosure   Assessment   IP  Protec+on   Marke+ng*   Licensing   Commer-­‐

cializa+on   Revenue  

Office of Technology Development

Concierge  Service  for  Entrepreneurs  

*To  find  or  form  a  licensee:  exis-ng  business  or  form  startup  

Market  Research  (size,  customer  demographics,  compe++ve  landscape)  

Patent  Landscaping  (strategic  view,  freedom-­‐to-­‐operate,  poten+al  licensees)  

IP  Protec+on  –  Office  of  Technology  Development  

Prototyping,  Proof-­‐of-­‐Concept  

Capital  –  Grants,  Equity/Debt  

Marke+ng  Consul+ng  

Legal  Consul+ng  

Conflict  of  Interest,  Facili+es  Agreements,  Materials  Transfer  Agreements  

Business  Development  (plan,  model,  pitch  deck,  team  forma+on,  in-­‐depth  market/customer  research)  

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}  Commercialization Task Force }  COI }  Strategic Planning ◦  Department of Applied Physical Sciences ◦  Department of Biomedical Engineering

}  Infuse entrepreneurship into additional areas across campus ◦  Sport ◦  Public Health

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Appendix

15

Research Expenditures from Federal Sources FY 2011

Average: $755M

Source: AUTM FY 2011

Total Research Expenditures FY 2011

16 Source: AUTM FY 2011

Average: $1.14B

17

Average: 70%

Source: AUTM (Association of University Technology Managers) FY 2011

% of Total Research Expenditures from Federal Sources FY 2011

18

Average: 8%

Source: AUTM FY 2011

% of Total Research Expenditures from Industrial Relations FY 2011

N/A*

*

**Data not available

19

Average: $35M

Source: AUTM FY 2011

License Income FY 2011

20

Average: 4%

Source: AUTM FY 2011

License Income as % of Total Research Expenditures FY 2011

.01%

21

Average: $3.2M

Source: AUTM FY 2011

Total Research Expenditures per Disclosure FY 2011

22

Average: $6.4 M

Total Research Expenditures per Patent FY 2011

*Top 20 in Federal Funding in 2011 Source: AUTM (Association of University Technology Managers) FY 2011

23

Average: $15M

Source: AUTM FY 2011

Total Research Expenditures per Patent Issued FY 2011