USTAR Governing Authority Board Meeting

March 8, 2019

USTAR Govern ing Author i ty Board Meet ing TIME ITEM ACTION PRESENTER10:00 a.m. Welcome (start recording) Susan Opp

10:05 a.m. Meeting MinutesApproval of the January 4, 2019 Meeting Minutes Vote Susan Opp

10:07 a.m. OPMA training Information Chris Peiper10:10 a.m. Closed Session (stop recording)

Discuss project performance and develop action plan for Granite Mountain Technologies and BD/UofU IPP Vote Barbara Araneo

10:20 a.m. Open Session (restart recording)10:20 a.m. Finance and Compliance coverage RE MOU with GOED Information Barbara Araneo10:22 a.m. Active grant numbers -tally Information Linda Cabrales

10:30 a.m. IPP application submission from People Bio and University of Utah to discuss approach and move to review Vote Barbara Araneo

10:45 a.m. TAP milestone extensions; proposal to create an opportunity to use recaptured funds Vote Barbara Araneo

11:00 a.m. SB212 S01 summary Information All11:25 a.m. Upcoming Events Information Justin Berry11:30 a.m. Adjourn

Meeting MinutesApproval of the January 4, 2019 Meeting Minutes

• Mandatory • Once yearly

Chris PieperUtah Assistant Attorney General

Open Publ ic Meet ings Act Tra in ing

Open Session

Situation analysis• Lincoln Clark resigned• Brittany Hardy resigned• Financial tracking, compliance, invoicing and routing, travel

Current status• Lincoln helping us navigate process• Linda Cabrales is routing invoice• Brittany has clearance to assist with routing until replacement in place• MOU with GOED under development; Governor’s office endorses arrangement with GOED

Finance and Compl iance Update

Awards Committed DollarsTAP: 22 FY19 $1.77M

FY20 $296K

UTAG: 16 FY19 $1.27MFY20 $869K

STIG: 5 FY19 $157KFY20 $30K

IPP: 5 FY19 $1.36FY20 $185K

48 awards in active research mode

USTAR Act ive Awards Update

Awards Committed DollarsTAP: 22 FY19 $1.77M

FY20 $296K

UTAG: 16 FY19 $1.27MFY20 $869K

STIG: 5 FY19 $157KFY20 $30K

IPP: 5 FY19 $1.36FY20 $185K

48 awards in active research mode

USTAR Act ive Awards Update

Unspent UTAG funds returned to USTAR at final reconciliation of actual expenditures

Situation analysis:

• Internationally focused IPP leverages interest in “soft landings” for foreign companies

• Adapt USTAR industry partnership program, strategically

• Church and State, WTC and selected influencers and legislators endorse

• Not a grant cycle and not competitive, although it is peer-reviewed

Submission:

• People Bio of South Korea have proposed a collaboration with the University of Utah to validate an innovative

diagnostic for the earliest clinical symptoms of Alzheimer’s Disease.

• Testing is well underway toward marketing in Korea and People Bio is looking to expand into the US for FDA approval

through Utah and USTAR.

• The program is advanced enough that follow-on funding through marketing and new hires for a US subsidiary is near

term.

• Funds are available in current IPP program

Recommendation:

• Move to external review

• Fund if meritorious

Internat ional IPP Proposal and Submiss ion

MILESTONE EXTENSION PROPOSAL

Situation analysis:

• A little more than $300K has been recaptured in unexpended awards

• Several active TAP awardees have compelling needs for funds to extend or expand approved milestones

• Precedent from Conductive Composites who received a $100K supplement

Proposal:

• Use recaptured to supplement approved milestones

• Cap at $50K

• Companies in the last 4 months of active work are eligible

• Submission of proposal (scope of work and impact of funds) required

• Internal review

• 6 awards

Recommendation:

• Staff develops process and eligibility requirements

• Receives proposals and recommends extension to GA at April GA meeting

Legis lat ive B i l l – SB212

1. Dissolves the Governing Authority as of July 1, 20192. USTAR ED becomes Program Director under supervision of GOED ED

3. Liquidate funds in escrow related to University principal investigators4. After July 1, powers and duties reassigned to USTAR PD and GOED ED5. Mandate for awards not changed; appropriations withheld for another year

6. Mandate to collect performance metrics not changed; annual reporting October 1st7. Before July 1 USTAR GA and GOED ED perform analysis and recommendations:

• Plan to move existing USTAR programs to GOED by July 1, 2020• Plan to discontinue incubation centers by November 30, 2019• Accounting of abandoned technologies formerly funded by USTAR and funds owed

to USTAR • Plan to move USTAR HQ to GOED by November 30, 2019• Transfer lease of Falcon Hill Innovation Center to MIDA

8. SBIR center fully funded – not specific about reporting

Summit – April 1

Bio Korea – April 17-19

USTAR Events

Adjourn