Corporate and Foundation Relations (CFR) at Princeton

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1 Corporate and Foundation Relations (CFR) at Princeton Princeton is Committed to Research and Scholarship From the 1982 Campaign Report of President Bowen to the Trustees: Princeton is a university of international standing distinguished by its overriding commitment to a carefully limited but ambitious role: to pursue liberal education, scholarship, and research of the highest quality primarily in the arts and sciences. And The university is committed fundamentally to scholarship and research, as well as teaching, and faculty members in all divisions continue to make important contributions to the advancement of knowledge 1

2 What Is CFR s Role? CFR s Mission: Service CFR s mission is to build and sustain mutually beneficial relationships with corporations and foundations in order to advance knowledge and support scholarship and research at the University. CFR s Unique Activity: Knowledge Brokering CFR functions as an expert intermediary between the faculty and corporations and/or foundations to sustain Princeton s margin of excellence. Working with top faculty. CFR identifies and works with top faculty whose research is of interest to external corporations and foundations. Working with top corporations and foundations. CFR identifies and works with select corporations and foundations which have the financial and human capital (as well as long term vision) that is compatible with Princeton s culture of excellence. 2 How Are We Organized? 3

3 How Do We View Relationships? Source: Doug Stewart, Marts & Lundy 4 Corporate and Institutional Partnerships: CASE Corporate and Foundation Relations June 2010 Carnegie Mellon University June

4 Carnegie Mellon a Leading Inter-Disciplinary Research and Education Institution Top United States rankings in computer engineering, computer science and public policy for information technology $300 million per year in sponsored research $50 million per year in cyber security and robotics research A growing Global Institution, with footprints in Europe, Asia, the Middle East and the Silicon Valley Interdisciplinary Culture June Structure Fine Arts VP Advancement AVP Advancement Director CIP Tepper/Business Engineering/Central Embedded Research Computer Science/ Central Embedded Communication Multi-campus & Regional Activities Stewardship and Visits Industry investment to CMU August

5 Impact of Corporate and Institutional Partnerships We develop comprehensive, long-term, mutually beneficial partnerships with leading corporations by: Facilitating university-company interaction as a central point of contact for partner companies with an eye on the long-term Understanding company needs and establishing relationships with the university personnel best-suited to meet those needs Working closely with faculty, researchers, and university leadership to make connections with corporate interests Engaging with a variety of companies from the largest corporations to the newest startups Solve interesting problems across disciplines June University Partnerships Colleges: Deans, Departments, Faculty, Students Advancement: Foundations, Individual Giving, Alumni, Media/Communications, and Services Senior VP of Research: Sponsored Research Technology Transfer Offices of the President and Provost Research Centers, Initiatives, and Programs Career & Professional Development Center Economic Development: Collaborative Innovation Center Government Relations: state and federal collaborations Chief Information Officer: Computer Services Internal Partnership June

6 Top Partners and Top Prospects Fortune 1000-Financial Times Rank Other Revenue FY11 Total Sponsored Research Gifts FY10 Total Research Recruiting Combined FY10-FY11 Revenue (Gifts and Research) High Ranking Alumni Lifetime Sponsored Research Lifetime Giving Lifetime Matching Gifts College/Unit Interactions Internships Scholarships & Fellowships Tech Transfer Matching Gifts Continuing Executive Ed Alumni Group June Opportunities/Connection Points Philanthropy Sponsored Research Professional Education Western PA Proximity Recruiting Technology Transfer Campus Presence June

7 Thank you! Michael Ransom August MIT Industrial Liaison Program Corporate Corporate and and Institutional Institutional Partnerships: Partnerships: CASE CASE Corporate Corporate and and Foundation Foundation Relations Relations Maren Maren Cattonar Cattonar Senior Senior Industrial Industrial Liaison Liaison Officer Officer June 2011

8 Why Industry Comes to Academia Expose management to leading-edge thinking, technology Gain insight from internationally-recognized experts Strengthen strategic decision-making: development of new products and processes implementation of innovative management practices achievement of effective growth strategies Create research synergies Recruit future company leaders 14 MIT Technology Powerhouse 76 MIT-related Nobel Prize winners Including 9 current faculty members 5 schools, 33 departments/divisions/sections/programs 57 interdisciplinary research labs and centers Mathematics Biology Chemical Engineering Electrical Engineering Material Science Computer Science Economics Management 15

9 MIT Research Funding -- FY2010 On-Campus R&D: $627 million DOD 11% NSF 9% DOE 10% Other U.S. Other Gov t U.S. 5% Gov't 5% Foundatio n Other Non- Industry Sponsored R&D $111 million (18%) OTHER 5% HHS 21% Lincoln Labs MIT 3% Internal/Lincol n Lab 16 MIT Research Funding -- FY2010 Total Industry Support: $238.3 million Industry Sponsored R&D -- $110.9 million Licensing -- $78.8 million Gifts -- $38.9 million Other -- $9.7 million Source: OCR FY10 Industry Support (exclusive of GIK) 17

10 MIT Solving Real World Problems MIT researchers focus on discoveries of real practical impact, strong commercial value Vibrant patenting/licensing activity 530 new invention disclosures FY 2010 $78.8 million total licensing revenue 184 patents filed, 57 licenses granted 2009 Kauffman Foundation Entrepreneurship Study 25,000+ companies founded by MIT alums 3.3+ million jobs $2 trillion in annual world sales 691 companies provided R&D/gift support in FY companies funded $1M+ 167 companies funded $100K - $1M 18 Corporate Access to MIT MIT has several offices to help the process: Office of Sponsored Programs (for research contracting) Technology Licensing Office (for licensing) Industrial Liaison Program (helps industry initiate collaborations) ~190 of the world s leading companies partner with the Industrial Liaison Program to advance research agendas at MIT (FY10). One third of ILP member companies sponsor research at MIT for a total of $55 million (49.7% of all industry sponsored research). 19

11 What is the Industrial Liaison Program (ILP)? The ILP is industry s chief gateway and guide to MIT. Company COMPANIES ILP MIT Provides expert counsel on building productive partnerships Develops customized, cost effective programs assess, address strategic research needs facilitate faculty, researcher interactions monitor emerging technologies and innovative management practices 20 ILP Facts Founded in 1948 Largest program of its kind in the world Worldwide industry membership 25% N. America, 33% Asia, 36% Europe, 6% Other broad range of industrial sectors, both traditional and high-tech 18 Industrial Liaison Officers average 15 years of industry experience most with advanced degrees 21

12 ILP ILP Member Member Privileges Privileges Faculty and student interactions for technology insight and collaboration Customized research reports Symposia and conferences ILP Website (ilp.mit.edu) Online News Mosaic Interactive Video Transcripts Online Publications Event Calendar Discounts on Executive and Professional Education Courses Interlibrary borrowing 22 Thank you Working Working with with the the ILP ILP Maren Maren Cattonar Cattonar Senior Senior Industrial Industrial Liaison Liaison Officer Officer

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