Jilda Diehl Garton September 27, 2011 Buffalo, New York

Transcription

1 Jilda Diehl Garton September 27, 2011 Buffalo, New York

2 Fact Book 2010 Fall semester enrollment Undergraduate 13,750 Graduate 6,970 Students at Georgia Tech represent 118 different countries 3,778 international students 74% international graduate students Faculty 1052 Academic Faculty 3,880 Research Faculty & Professional Staff

3 Awards $ Millions Disclosures $ Millions New Awards & Invention Disclosures Industry Sponsored Awards % 20% 14% FY 08 FY 09 FY 10 0 FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 0 Industry Awards All Other Awards

4 Office of Technology Licensing Metrics FY 2011 FY 2010 Total Disclosures United States Patents Issued Startups Formed Licensing Revenue $3.41 M* $2.28 M Material Transfer Agreements Non-disclosure Agreements Inter-institutional Agreements 8 4 *Approximation through April Includes an equity sale of AGT.

5 New Knowledge Public benefit Publications Institutional Reputation Researcher Incentive Financial Personal Research Recognition Doing good Industry Funding Graduate Student Support Avenue to Commercial Use Collaborations and Research Relevance Economic Development Start-ups Corporate Recruiting Problem Solving & Industry Innovation

6 Common Purpose and Clear Roles Strategic Plan Intentional Organizaiton Technology Transfer is as much about research as it is about licensing! Creation of New Office Industry Engagement Innovation Task Force 2011 GT:IPS TM FlashPoint GT FIRE

7 Institutional reputation is largely tied to recognized expertise in specific areas of research and scholarship. Create Transformative Opportunities Partner with Industry Enhance Economic Development

8 Create Transformative Opportunities Partner with Industry Enhance Economic Development Graphene New Nanocenter

9 Create Transformative Opportunities Partner with Industry Enhance Economic Development STEM in a Virtual World

10 Create Transformative Opportunities Partner with Industry Enhance Economic Development Figure 1. Georgia Institute of Technology right heart simulator, used to simulate physiological flow and pressure. Valve was sutured to an annulus plate that was placed between the atrial and ventricular chambers with the papillary muscles attached to the papillary muscle rods. Circulation, August 2011 Apica cardiovascular spin-out

11 Board of Regents University System of Georgia Chancellor Hank Huckaby GTRC & GTARC Boards of Trustees Stephen E. Cross, President Howard J. Morrison, Chairman Georgia Institute of Technology G.P. Bud Peterson, President Vice President for Research & General Manager Jilda D. Garton Executive Vice President for Research Provost & Executive Vice President for Academic Affairs Executive Vice President, Administration and Finance Vice President for Research Jilda D. Garton VP Enterprise Innovation Institute Stephen R. Fleming VP and Director GTRI Robert McGrath College of Architecture College of Computing College of Engineering College of Management College of Sciences Ivan Allen College

12 IC 3 a division of GTRC IC 3 = Protects IP Industry Contracting & Affiliated Licenses + ATDC Licenses IP International Contracts & Technology Transfer + Venture Lab Innovation Commercialization & Translational Research New Venture Creation IC 3 Marketing IP Advanced Technology Development Center VentureLab Business Incubator

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14 Partnering with Economic Development to Narrow the Gap and Reduce the Risk Georgia Research Alliance GT:IPS TM Flashpoint Research or Technical Risks Legal and Transactional Risks Entrepreneurial Risks

15 Georgia Tech Research Corporation State of Georgia Board of Regents University System of Georgia The Georgia Institute of Technology Industry R&D $$ $ $ State R&D $$ Georgia Research Alliance Eminent Scholars Facilities Equipment Translational Research Funds $ $ Industry R&D $$ Federal Government R&D $$ R&D Products Georgia Tech Foundation $$

16 Education + Support + Streamlined License = Better Start-ups + Inventor Satisfaction

17 Is a facilitation and expedited license program that aligns the various campus stakeholders i.e. the entrepreneur, compliance officer, economic development catalyst and the technology transfer officer, in a coordinated effort to lower barriers traditionally encountered in the formation of a university startup. The keystone of the program is the GT:IPS license vetted by the Atlanta startup community which can be used without reservation by attorney s representing Georgia Tech startups that is acceptable to a spectrum of investors.

18 1. Education a) Researchers b) Entrepreneurs c) Students 2. Facilitation a) Conflict of Interest Management b) Funding opportunities c) Intellectual property protection d) Work with VentureLab and ATDC 3. Streamlined Licensing 1. Low risk/low barriers license 2. Developed with input from local attorneys who frequently represent start-up companies

19 Licensing No Negotiatio n Streamline d Standardized Terms Vetted Georgia Research Alliance Flashpoint GT:IPS Entrepreneur Education ATDC Tech Experts TI:GER GTRC Third Party Domain Experts InVenture Prize Partnerships GEORGIA TECH INTEGRATED PROGRAM FOR STARTUPS

20 Flashpoint is a startup accelerator program accepting teams at Georgia Tech. Flashpoint provides entrepreneurial education (in the form of experienced mentors and presentations by veterans), shared learning, and a competitive, accelerated environment for business model and technology development.

21 Georgia Tech Funding for the Start-up Flashpoint at Georgia Tech does not directly fund the startups that participate in its program. However, the Flashpoint Investment Fund is a vehicle designed to fund Flashpoint companies. Sig Mosley of Imlay Investments in Atlanta has volunteered to manage the Flashpoint Investment Fund. Risk-investment for Flashpoint Startups The Flashpoint Investment Fund anticipates investing somewhere around $15,000 per startup. It may invest more but not much more. The fund intends to give you just enough money to be in a position to go and get more money from other sources when your cohort is over. The Flashpoint Investment Fund does not plan to make follow-on investments in Flashpoint startups. The Flashpoint Investment Fund is not the only source of risk-capital available. What do the investors get out of this? Around 6% of the startup, most often in the form of common stock. For companies that are accepted to the program, which already have funding, the Flashpoint Investment Fund may still be able to invest.

22 VentureLab: Identifies faculty discoveries with market potential and guides them through commercialization process. Experienced entrepreneurs are mentors. Pre-seed funding for prototype or proof-of-concept. Georgia Tech Research Corporation: Contracting agent for sponsored research. Protects GIT s intellectual property. Evaluates potential licensees, negotiates license and start-up agreements, conducts "Due Diligence" on licensees/start-ups Research support programs. Advanced Technology Development Center Georgia Research Alliance Phase 0 through Phase III Loans to Start-ups

23 We are part of the community in which we live Georgia Tech has the basic research that leads to the platform technologies but also the culture of bringing discoveries to the market place Long history of effective collaborations with industry and other research-performing institutions Georgia Tech brings together its capabilities in basic science with its collaborative spirit in working across institutional boundaries to deliver innovative technology