SUNY Industry Engagement and Economic Development Grace Wang Interim Provost Vice Chancellor for Research and Economic Development Oct. 19, 2017

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Talent Undergraduate students ~507,000 Graduate students ~47,000 (AY 2016-17) Graduate students ~47,000 (AY 2016-17) Active principal investigators ~2,700

706,000 SUNY graduates in last decade ~75% Work in New York State SUNY as a Key Player in NYS Workforce Development 706,000 SUNY graduates in last decade ~75% Work in New York State “Human capital is a key factor for economic growth, development and competitiveness.” -- World Economic Forum, The Global Human Capital Report 2017 NYS total jobs about 8 million and 2.67M workforce with associate degrees or above SUNY graduated 706K students in last 10 years and 75% stay at NYS or 530K In three decades, it would be about 1.6 million About 60% of NYS educated workforce is a SUNY graduate.

$940M Sponsored programs expenditure SUNY Research by Numbers (FY 2016-2017) $940M Sponsored programs expenditure 1,802 Sponsors 7,068 Projects

Innovation and Technologies Over 1,300 Issued Patents Over 700 License Agreements

Centers for Advanced Technology 10 REDCs Incubators Centers for Advanced Technology Centers of Excellence Small Business Development Centers Incubators – provide business space, support and access to scientists, facilities, and research equipment that nurture spin-offs Provide access to scientists, students, space, and R&D facilities 18 incubators More than 630,000 sq. ft. available Cover a broad range of technologies from energy, electronics to life sciences and agriculture Centers for Advanced Technology –support university-industry collaborative research and development of technologies into commercially-viable products. The program was established in 1983. there are 15 CAT centers at NYS. 7 of them are SUNY’s. ESD’s estimate was that the accumulated economic impact of 7 SUNY CAT in the last 10 years is close to $2.5 billion. Each CAT receives $921,200 in New York State funding through Empire State Development. This annual amount has remained consistent (no increase) over the past few years. Centers of Excellence – Advance research particularly in emerging areas and promote private sector investment in these areas. Established in 2001. SUNY has 8 CoE. Each COE receives $1 million in New York State funding through Empire State Development (except the UAlbany COE in Atmospheric and Environmental Prediction and Innovation which was allocated $250,000). Small Business Development Centers – provide business consulting and assistance to small businesses. Established in 1984,. 23 reginal centers and 29 outreach offices. Served more than 435,000 small businesses and created or saved more than 191,000 jobs. 7

# of Operational Startups across SUNY Commercialization FY2015-16 Invention Disclosures:  307 U.S. Patent Applications: 228 U.S. Patents Issued: 68 License Agreements Executed: 66 Operational Startups: 93

Technology Accelerator Fund Leveraging External Funding to Drive Commercialization MoU signed with four venture funds 18 Incubators Technology Accelerator Fund 93 Operational Startups Four MOUs with investment funds – Excell Partners out of Rochester, Accelerate New York based on Long Island, Center State Corporation for Economic Opportunity (Center State CEO) out of Syracuse, and z80 Labs out of Buffalo. The purpose of the MOU is two-fold. We will introduce companies to the funds but, more importantly, the funds will also give us useful feedback regarding our companies in order to facilitate improvement or adjustment of future applications.   Excell Partners is managing $2 million in NYS funds, Accelerate New York is managing $3 million, Z80 and Center State CEO are managing $1.5 million. Specifically, Excell and Accelerate require 1:1 private match so total impact will be $4 million and $6 million, respectively. Both funds will invest up to $100k in seed rounds, with the required match, for a total investment of $200k. Accelerate New York is a new fund and does not have other funds under management. Excell has a longer history and some other funds in place but our MOU is intended to cover just this seed stage fund - with opportunity for further relationships in the future. We signed these first two MOUs in just the last month. Both funds are just getting up and running and starting their diligence process for investment so no funds have been deployed yet to SUNY companies or otherwise. Excell is a New York State-supported seed fund. Although it is a not-for-profit organization, Excell maintains a for-profit discipline by structuring each investment with convertible debt and equity returns so that, over time, the fund becomes self-sustaining or evergreen. The Innovate NY Fund is a $47.3 million venture capital fund that invests in seed stage businesses to support innovation, job creation and high growth entrepreneurship throughout New York State.  The program is supported with $37 million from NY State and $10.3 million from Goldman Sachs.

Current Landscape

Large Corporate Research Labs “Collaborative Innovation” Evolving Academic-Industry Partnership Models Large Corporate Research Labs “Collaborative Innovation” “Open Innovation” Time In-house R&D Licensing of technologies Funding projects Acquisitions of startups Mostly tactical partnerships Co-located research parks/centers Both tactical and strategic partnerships Attracting talent

Building Strong, Trusting Relationships Strong, trusting relationships between people in business and academia form the foundation for successful collaboration. Source: The Dowling Review of Business-University Research Collaborations, July 2015

Need New Ways of Seeing IP Value 16 universities took 70% of total licensing income of all universities in 2012 Over the last 20 years, on average, 87% of technology transfer offices did not break even Ownership: A best practices approach to the ownership and management of patentable inventions; Royalties: Ability to recover costs incurred during the commercialization process while preserving SUNY’s national position as an institution with one of the most generous royalty-sharing policies in the country; Flexibility & Transparency: Enhanced flexibility for campuses to make business decisions when working with external partners (always including consultation with faculty inventors), and increased transparency, including the elimination of confusing and ambiguous terminology surrounding “own time” inventions; Students: A system that encourages student innovation and entrepreneurship; and Innovation Policy Board: formerly the Patents and Inventions Policy Board, this body is empowered to interpret and implement the policy, including oversight of the process for the swift handling of any dispute. Source: University Start-Ups: Critical for Improving Technology Transfer (Brookings, Nov. 2013)

Exploring New IP Practices What is the true value of IP? How do we leverage IP portfolio to build industry partnerships?

A workforce with relevant skills becomes ever more critical to business competitiveness

The real GDP growth in U.S. metro areas in 2014

One Size Does Not Fit All Institution mission Regional economy Regional workforce needs

Need your leadership and innovative thinking

Opportunities How might we build on existing strengths and expand strategic industry partnerships? How might we explore new IP practices and capitalize our large IP portfolio? How might we provide a dynamic, quality talent pool to address critical industry needs?