Outline
• Sponsored Program Awards, FY10• Research Expenditures, FY10• Intellectual Property, FY10• Michigan Tech Entrepreneurial Support Corporation
FY2010 Sponsored Program Award Update
• Awards for FY10 totaled $58.7 million, an increase of 11% over FY09.
• Federal awards increased 20% to $48.2 million, including $10.3 million of ARRA funding in FY10.
FY2010Research Expenditures
• Research expenditures for FY10 increased to $63.5 million, an increase of 5.1% over those of FY09.
• ARRA expenditures were $1,158,695; there are substantial ARRA funds that have been awarded, but not yet spent.
FY2010 UpdateIntellectual Property
• Licensing income in FY10 totaled $308,175, an decrease of 33% from FY09.
• Of the total, $65,688 was distributed to the inventors and $99,610 was distributed to departments.
Michigan Tech
Start-upStart-up Angel/VC
License/Royalty
Michigan Tech Entrepreneurial Support Corporation
Start-upStart-up Angel /VC
Superior Innovations, Inc
MTESC501c3
Michigan Tech
Michigan Tech
Michigan TechFund
Michigan TechFund
License/Royalty
License/Royalty
Subcorp
Michigan Tech Entrepreneurial Support Corporation
• MTESC will enhance opportunities for faculty, staff, and students to commercialize their discoveries.
• It will focus on an unaddressed link in the chain from invention to commercial enterprise, the activities between technology discovery and formation of a startup enterprise.
Michigan Tech Entrepreneurial Support Corporation
• MTESC will be a 501 (c) (3) non-profit corporation and is expected to have one or more for-profit subsidiary corporations
• One of these will be an umbrella corporation, tentatively titled Superior Innovations, Inc.
Michigan Tech Entrepreneurial Support Corporation
• MTESC will function as a proof-of-concept center to support technology commercialization from laboratory discovery to formation of a startup enterprise
• MTESC is complimentary to, and not a replacement for, current economic development activities in the community.
Michigan Tech Entrepreneurial Support Corporation
• Proof-of-Concept Center
• Deshpande Center, MIT http://web.mit.edu/deshpandecenter/
• Von Liebig Center, UCSD http://www.vonliebig.ucsd.edu/