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Office of Economic Development University of South Carolina Taking a leading role in Economic Development.

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Presentation on theme: "Office of Economic Development University of South Carolina Taking a leading role in Economic Development."— Presentation transcript:

1 Office of Economic Development University of South Carolina Taking a leading role in Economic Development

2 Office of Economic Development

3 USC businessLINK was created in October 2003 from five existing resources:

4 Office of Economic Development CMAT Intellectual Property Industrial Agreements USC Small Business Development Center Incubator USC businessLINK brings together: USC Faculty

5 Office of Economic Development What’s the benefit to you? USC businessLINK streamlines your access to faculty, staff, facilities and support services!  One call  One click  No delays  No hassles  No red tape

6 Office of Economic Development USC businessLINK designed to support:  Small to medium manufacturers (CMAT)  Technology start-up companies (USC Columbia Technology Incubator)  Entrepreneurial/ Small business community (USC SBDC)  R&D Outsourcing (Industrial Agreements Unit)  Technology acquisition (Intellectual Property Office)

7 Office of Economic Development Center for Manufacturing and Technology  Provides valuable technological, workplace, business and training solutions to smaller South Carolina manufacturers  Utilizes USC facilities and the expertise of USC faculty, students, and staff at a cost savings to the these clients  Expands clients’ operational effectiveness, and helps them gain higher levels of competitiveness

8 Office of Economic Development Industrial Agreements Unit Supports industrially sponsored programs and research with dedicated staff to negotiate:  Research Agreements  Master/Umbrella Agreements  SBIR/STTR Agreements  Intellectual Property Allocation Agreements  Material Transfer Agreements  Non-Disclosure Agreements  Clinical Trial Agreements  Teaming Agreements

9 Office of Economic Development USC Columbia Technology Incubator  Home to student and non-student companies, and “Landing Parties” (established companies relocating to South Carolina or opening office in Columbia)  Requires a close working relationship with USC or Midlands Technical College  Provides opportunity for USC faculty, staff, and students to commercialize their ideas

10 Office of Economic Development USC Small Business Development Center  Provides generally fee-free business counseling: to existing business owners to those wishing to start a business  One-on-one consultation  Special interest seminars  Information referral services  Supported with federal, state, and private funds

11 Office of Economic Development Intellectual Property Office Supports USC’s intellectual property portfolio with:  Technology Assessments  Commercialization Planning/Implementation  Intellectual Property Protection and Management  Intellectual Assets and Resources Marketing  Invention Disclosure Management  License Negotiation & Management

12 Office of Economic Development USC businessLINK is the right resource for today’s business environment  Trends - More companies outsourcing R&D  Expertise - Faculty possess specialized skills/talents  Workforce - Growth firms need trained workers  Equipment Needs - Companies do not want to buy expensive, rarely used instrumentation  Culture - Companies want to locate in areas with strong cultural environment.

13 Office of Economic Development USC businessLINK supports South Carolina Competitiveness Initiative  Harvard Professor Michael Porter's study on South Carolina's competitive posture calls for increased support for start-ups and local firms, creation of new institutions focused on upgrading the local business environment, and more investments in research.  USC businessLINK supports all of these initiatives

14 Office of Economic Development How are we doing that?  Marketing USC’s vast resources to the business and economic development communities  Streamlining the business and economic development connection to those USC resources  Increasing USC’s public-private partnerships

15 Office of Economic Development What have we done so far?  Worked with almost 5,000 clients  Helped create or save more than 5,400 jobs  Supported business investments statewide totaling Over $207.4 million  Received over $32.6 million in industrial sponsored research revenue and almost $1.3 million in royalties

16 Office of Economic Development What are we doing right now?  Working with more than 100 businesses up and down the East coast (including Fortune 500 manufacturers, individual entrepreneurs, and venture capital firms)  Working with State agencies  Working on lean manufacturing, marketing and business development, capacity utilization, technology transfer, R & D, etc.

17 Office of Economic Development What are we going to do going forward? SStrengthen public attitudes about USC’s support for area business community and economic development efforts PProvide research, development and support services, and resources that can produce a higher level of business competitiveness EEnhance private sector recruitment efforts

18 Office of Economic Development You’ve got business challenges. We’ve got business solutions. Call, Click, Connect… Toll-free at

19 Office of Economic Development You’ve got business challenges. We’ve got business solutions. Or visit our new office in Downtown Columbia: South Trust Tower 1201 Main Street Lobby Level


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