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North Carolina State University © 2014 Technology Transfer Outcomes February 27, 2014 Research Retreat Kelly B. Sexton, Ph.D. Director Office of Technology.

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Presentation on theme: "North Carolina State University © 2014 Technology Transfer Outcomes February 27, 2014 Research Retreat Kelly B. Sexton, Ph.D. Director Office of Technology."— Presentation transcript:

1 North Carolina State University © 2014 Technology Transfer Outcomes February 27, 2014 Research Retreat Kelly B. Sexton, Ph.D. Director Office of Technology Transfer

2  Who? A team of customer service oriented professionals that have broad expertise in business development, patent law, and research. Office of Technology Transfer Who, What, and Why  Why? Successful Technology Transfer:  Raises the visibility of University research, facilities and expertise  Creates new funding opportunities through strengthened ties with industry  Helps recruit and retain faculty interested in seeing their research translated into products  Stimulates economic development: new products, new companies, new jobs  Benefits the public  What? A service organization providing technology development and intellectual property support to NC State employees.

3 North Carolina State University © 2014 Invention Disclosures 3,400+ Licensing Team 1,445 U.S. Patent Applications 837 USPTO U.S.Patents (271 pending) EXISTING COMPANIES EXISTING COMPANIES  1,594 Licenses  855 Licensees  439 Products to Market  $25.6M in licensing revenue*  1,594 Licenses  855 Licensees  439 Products to Market  $25.6M in licensing revenue* Over the last 5 years, 53% of NC State patents licensed compared to an estimated 5% nationally. Source: “Universities struggle to make patents pay.” Nature News. September 24 th, Over the last 5 years, 53% of NC State patents licensed compared to an estimated 5% nationally. Source: “Universities struggle to make patents pay.” Nature News. September 24 th, NC State IP by the Numbers – 1984 to Date

4 Invention Disclosures Patents Issued11780 U.S. Patents Filed Commercialization Agreements11180 Startups86 Licensing Revenue$6.8M$5.0M Accelerating Impact: Technology Transfer Activity North Carolina State University © Year Average* *(FY08 – FY12) FY 2013

5 Top 10 Universities without Medical Schools in Technology Transfer Metrics (FY 2012) North Carolina State University © 2014 Source: AUTM Survey, FY2012 NC State

6 Startups Based on NC State Technology North Carolina State University © 2014

7 Chancellor’s Innovation Fund Arts Entrepreneurship Engineering Entrepreneurship Social Entrepreneurship Business Entrepreneurship Student Companies TEC Startups Existing Companies Faculty, Grad Student, Postdoc & Staff Inventors Faculty, Grad Student, Postdoc & Staff Inventors Office of Technology Transfer NC State Innovation and Entrepreneurship Ecosystem North Carolina State University © 2014 Entrepreneurship Initiative

8  OTT Venture Development program  Increasing the impact of our startups  Blackstone Entrepreneur’s Network  NC State, UNC-CH, NCCU, Duke, CED  Entrepreneurs-in-Residence and Student Fellows  HQ Raleigh Agreement  Co-working space and mentoring North Carolina State University © 2014 Office of Technology Transfer New Initiatives

9 Office of Technology Transfer New Initiatives North Carolina State University © 2014  Software Incubation  Building on our unique capabilities as a land grant institution by digitizing and commercializing subject matter expertise Bridging the Gap from Research to Commercialization  Chancellor’s Innovation Fund (since 2010)  17 projects funded (up to $75K)  5 commercialization agreements  2 startups  $3.5M in external development funds  $250K in license revenue

10 New Industry Partnership Model Impact through Industry Collaboration  Initiated and managed by cross-functional team  Dedicated account manager  Master Research and IP Agreements  Reduce uncertainty related to licensing inventions through pre- set terms  Research Engagement Fee (10% of funding)  Company manages IP protection  Royalties incoming after significant commercial threshold is met  University retains publication rights and non-exclusive license for research and educational purposes North Carolina State University © 2014

11 Licensing Success SmartFresh TM  Ethylene inhibiting technology to extend fruit and vegetable shelf life.  Exclusive License to Dow  150+ Jobs Created  $20+ Million in revenue generation for NC State  Improved Customer Product

12 North Carolina State University © 2014 Plant Variety Success Covington Sweet Potatoes  Variety released by NC State in 2005  Accounts for 90% of sweet potatoes grown in North Carolina, and 20% nationally  #1 sweet potato exported out of US

13 North Carolina State University © 2013


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