3 Research Across a Large University Targeted Investments in Excellence (TIEs) A 5-year, $110 million investment targeting major global concernsthrough multidisciplinary work:Climate, Water, and CarbonMathematical Biosciences InstitutePublic Health Preparedness ProgramCenter for Cosmology and Astro-particle PhysicsCenter for Clean, Sustainable EnergyAdvanced Materials InitiativePopulation and Health InitiativeTranslational Plant Sciences InitiativeThe Music Industry ProgramMicro-RNA Project
4 Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension PovertyHungerHealth and diseaseClimate changeEconomicsystemsIndustrialcompetitionArt andcultureAccess to energy
5 Collaboration Across Disciplines Food Innovation CenterDesigning foods for healthFood safetyBiomedical nutrition/disease preventionGlobal food strategyand policy
6 Finding Solutions to Global Challenges Healthand WellnessFood Production and SecurityEnergy and the EnvironmentPhoto courtesy of the Ohio State Medical CenterPhoto courtesy of the Ohio State Office of Energy and EnvironmentDiscovery Themes
7 Ohio Third Frontier Program 60+ Ohio Stateprojects60+ Ohio StateprojectsFacilities andlaboratoriesIndustry-universitycollaborationsProduct development
8 “Partnerships With a Purpose” The Ohio State UniversityIndustry Liaison OfficeAccelerating Innovation…ConnectionsStrategic PartnershipsProject CollaborationsStudent OpportunitiesSponsored ResearchSupport ServicesOpportunity Assessments…building global leadership8
9 “The Gateway” to Ohio State Innovation and Expertise More than400 Newor Renewed Connections
10 Ohio Research Industry Partnerships More than340 Industry Partnerships
11 more than 760 partnerships Ohio State is actively engaged inmore than760 partnershipswith industries representing 40 statesThe number of industry partnersare represented in each state
12 One example of a College investing in faculty research - Medicine The College of Medicine (COM) invests in its researchers via three programsEquipment/Shared Resource ProgramCreated to support the purchase/upgrade of shared equipment or the development and dissemination of innovative methodologies expanding Core useApplications are reviewed by COM Core Oversight Committee$475,000 have been awarded since FY10 to 16 researchers
13 COM Research Investments Bridge Funding Grant ProgramCreated to provide short-term bridge funding to faculty with favorably reviewed but unfunded federal researchGoal: Support research that is likely to be federally fundedAll applications are peer reviewed..Since FY10, 13 researchers have received more than $780,0004 of these researchers have subsequently secured federal funding. Enhancement of review process recently implemented to increase this success rate.Pilot Funding Grant ProgramRecently created to fund preliminary data collection for proposal developmentFirst round of application due September 2012
14 Technology, Commercialization, and Knowledge Transfer Great economies are built around great universities, which attract:CapitalIndustry FundingEntrepreneursExcellent FacultyGreat Minds
15 The Transformative Opportunity Universities become the driversAlmost 85% of capital and companies stay within 50 miles of universitiesTop 25 Large Metros: Forbes Best Places 2011
16 The Transformative Opportunity So why do so many universities fail?Less than 7% make over $20 millionWhat will it take to make OSU a driver?Why universities fail? What’s broken?Risk AverseDon’t invest in early innovation – invest in “sure things”Lonely – they don’t engage; they pick
17 Cradle-to-Grave Manager for OSU Inventions The Technology Commercialization Office (TCO) at Ohio State supports all phases of university technology commercialization and start-up development.The Technology Commercialization Office functions as a “cradle to grave” manager for OSU inventions. We are responsible for handling all patent and licensing activities and distribution of royalties and payments received related to industrial partnerships. Upon disclosure of a technology to our office, we assess its patentability and commercial potential by evaluating the technology from a business perspective, looking at the prior literature to determine if patent rights exist, and performing a preliminary search for potential commercial partners. We are responsible for working with patent counsel for all the filings and prosecution of the patent application. We market the invention, seeking industrial partners for further development and commercialization of the technology. This may be in the form of an outright license, sponsored research agreement, or in some cases, formation of a spin-off company.TCO MissionTo foster an entrepreneurial culture, university-wide catalyze faculty, staff, and student inventions; to maximize the value of Ohio State developments; to accelerate transition of new developments into products, services, and new or expanded jobsOur Service Offerings to OSU Inventors and EntrepreneursCultivate partnerships and inventionsCDAs and MTAs — guidance, negotiation, and executionConsulting arrangements — guidance and language assistanceCorporate Sponsored Research — intellectual property and structure adviceInvention capture and refinement — training and facilitationEstablish and protect market differentiationValue propositions — cultivate and articulateIntellectual property positions — guide and developFinancial models — commission or completeMarket research — commission or conductEstablish commercialization pathwaysMarketing — develop strategies and collateralPartners — identify and qualifyLicenses — develop and negotiateDeals — nurture, finalize and monitorSecure revenue streams to inventors, university, colleges, and departments
18 TCO: Changing Our Industry Partnerships INSIGHTResearch/IP ProtectionIndustry PrototypeLaunch/CustomersIdeaLab PrototypeBetaGrowthChanging the interactions with industry allows you to create value beyond contract services and increase revenue, F&A, and joint IP – Intellectual Property – for long-term royalties, but you need support from senior leadership and a strict adherence to research, not Work for Hire.Market Directed ResearchProduct DevelopmentBasic ResearchApplied ResearchCompaniesIdeation$$StudentsResearchers
19 New Partnerships Identify strategic partners who can: Enhance research Accelerate product developmentIncrease impactIncrease return on investmentIdentify strategic partners who can:
20 New PartnershipsOSU-Battelle Innovation Center is a unique public/private partnership built to:Attract outside capital for R&DInvest in and commercialize technology breakthroughsEducate and train the next generation of entrepreneurs and translational scientistsSet a standard in commercialization leadershipExpedite product development and prototypingThe John Glenn School of Public Affairs, The Ohio State University, and Battelle Memorial Institute are partnering to create the Battelle Center for Science & Technology Policy. A new policy center that will foster innovation in science and technology by linking groundbreaking research at Ohio State and Battelle, connecting both public and private sectors with new discoveries and providing science and technology information to policymakers at all levels of government.
21 Supporting Structures The Ohio State Innovation Foundation (OSIF) provides OSU with a structure for:Investment in its most promising technologies and start-upsFund-raising and Education endowmentsPartnerships to create and manage equity investmentsGreater responsiveness and flexibilityIncreased security for corporate partnersUnder the new Ohio State Innovation Foundation (OSIF), the university will begin to invest in start-up companies and invest $20 million in funding and facilities to kickstart entrepreneurial activity and venture generation in Ohio. The overall goal of the OSIF is to create a platform that can support the commercial efforts of OSU’s tech transfer office, enabling the university to accept equity as compensation for licensing its technology.
22 Faculty Innovation Scorecard 201220132014TotalNumber of PatentsNumber of Patents Issued in the Last Five YearsNumber of Full Patent Applications FilledNumber of Start-UpsNumber of Licenses to IndustryNumber of Licenses for Tangible PropertyNumber of Licenses for SoftwareNumber of MTAs on FileNumber of Start-Ups that have Received SBIR/STTR FundingAmount of SBIR/STR Funding ReceivedNumber of Start-Ups that have Received VC/Angel FundingAmount of VC/Angel FundingNumber of Industry Sponsored ProjectsMonetary Amount of Industry Sponsored ProjectsNumber of Projects with Clinicians with Governmental FundingMonetary Amount Received from Government for Projects with CliniciansThe use of a faculty scorecard to promote clear commercialization metrics can be used for P&T and helps promote industry relations and sponsored-research tracking.
23 Challenges and Opportunities Federal budgetFederal regulationsState budgetFaculty retirementsChange in focus of Ohio Third Frontier programOpportunitiesCollaboration (big projects) across collegesIndustry downsizing in-house R&DMedical Center expansion and Nationwide Children's expansionCreation of office to pursue large grant opportunitiesInnovation opportunities with Battelle