1. Alternative Revenue Sources to Fund Research
Geoffrey S. Chatas Senior Vice President for Business and Finance and Chief Financial Officer

2. Research at The Ohio State University

3. Research Across a Large University Targeted Investments in Excellence (TIEs)
A 5-year, $110 million investment targeting major global concerns
through multidisciplinary work:
Climate, Water, and Carbon
Mathematical Biosciences Institute
Public Health Preparedness Program
Center for Cosmology and Astro-particle Physics
Center for Clean, Sustainable Energy
Advanced Materials Initiative
Population and Health Initiative
Translational Plant Sciences Initiative
The Music Industry Program
Micro-RNA Project

4. Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension
Poverty
Hunger
Health and disease
Climate change
Economic
systems
Industrial
competition
Art and
culture
Access to energy

5. Collaboration Across Disciplines
Food Innovation Center
Designing foods for health
Food safety
Biomedical nutrition/
disease prevention
Global food strategy
and policy

6. Finding Solutions to Global Challenges
Health
and Wellness
Food Production and Security
Energy and the Environment
Photo courtesy of the Ohio State Medical Center
Photo courtesy of the Ohio State Office of Energy and Environment
Discovery Themes

7. Ohio Third Frontier Program
60+ Ohio State
projects
60+ Ohio State
projects
Facilities and
laboratories
Industry-university
collaborations
Product development

8. “Partnerships With a Purpose”
The Ohio State University
Industry Liaison Office
Accelerating Innovation…
Connections
Strategic Partnerships
Project Collaborations
Student Opportunities
Sponsored Research
Support Services
Opportunity Assessments
…building global leadership 8

9. “The Gateway” to Ohio State Innovation and Expertise
More than
400 New
or Renewed Connections

10. Ohio Research Industry Partnerships
More than
340 Industry Partnerships

11. more than 760 partnerships
Ohio State is actively engaged in
more than
760 partnerships
with industries representing 40 states
The number of industry partners
are 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 programs
Equipment/Shared Resource Program
Created to support the purchase/upgrade of shared equipment or the development and dissemination of innovative methodologies expanding Core use
Applications are reviewed by COM Core Oversight Committee
$475,000 have been awarded since FY10 to 16 researchers

13. COM Research Investments
Bridge Funding Grant Program
Created to provide short-term bridge funding to faculty with favorably reviewed but unfunded federal research
Goal: Support research that is likely to be federally funded
All applications are peer reviewed..
Since FY10, 13 researchers have received more than $780,000
4 of these researchers have subsequently secured federal funding. Enhancement of review process recently implemented to increase this success rate.
Pilot Funding Grant Program
Recently created to fund preliminary data collection for proposal development
First round of application due September 2012

14. Technology, Commercialization, and Knowledge Transfer
Great economies are built around great universities, which attract:
Capital
Industry Funding
Entrepreneurs
Excellent Faculty
Great Minds

15. The Transformative Opportunity
Universities become the drivers
Almost 85% of capital and companies stay within 50 miles of universities
Top 25 Large Metros: Forbes Best Places 2011

16. The Transformative Opportunity
So why do so many universities fail?
Less than 7% make over $20 million
What will it take to make OSU a driver?
Why universities fail? What’s broken?
Risk Averse
Don’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 Mission
To 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 jobs
Our Service Offerings to OSU Inventors and Entrepreneurs
Cultivate partnerships and inventions
CDAs and MTAs — guidance, negotiation, and execution
Consulting arrangements — guidance and language assistance
Corporate Sponsored Research — intellectual property and structure advice
Invention capture and refinement — training and facilitation
Establish and protect market differentiation
Value propositions — cultivate and articulate
Intellectual property positions — guide and develop
Financial models — commission or complete
Market research — commission or conduct
Establish commercialization pathways
Marketing — develop strategies and collateral
Partners — identify and qualify
Licenses — develop and negotiate
Deals — nurture, finalize and monitor
Secure revenue streams to inventors, university, colleges, and departments

18. TCO: Changing Our Industry Partnerships
INSIGHT
Research/IP Protection
Industry Prototype
Launch/
Customers
Idea
Lab Prototype
Beta
Growth
Changing 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 Research
Product Development
Basic Research
Applied Research
Companies
Ideation $$
Students
Researchers

19. New Partnerships Identify strategic partners who can: Enhance research
Accelerate product development
Increase impact
Increase return on investment
Identify strategic partners who can:

20. New Partnerships
OSU-Battelle Innovation Center is a unique public/private partnership built to:
Attract outside capital for R&D
Invest in and commercialize technology breakthroughs
Educate and train the next generation of entrepreneurs and translational scientists
Set a standard in commercialization leadership
Expedite product development and prototyping
The 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-ups
Fund-raising and Education endowments
Partnerships to create and manage equity investments
Greater responsiveness and flexibility
Increased security for corporate partners
Under 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
2012
2013
2014
Total
Number of Patents
Number of Patents Issued in the Last Five Years
Number of Full Patent Applications Filled
Number of Start-Ups
Number of Licenses to Industry
Number of Licenses for Tangible Property
Number of Licenses for Software
Number of MTAs on File
Number of Start-Ups that have Received SBIR/STTR Funding
Amount of SBIR/STR Funding Received
Number of Start-Ups that have Received VC/Angel Funding
Amount of VC/Angel Funding
Number of Industry Sponsored Projects
Monetary Amount of Industry Sponsored Projects
Number of Projects with Clinicians with Governmental Funding
Monetary Amount Received from Government for Projects with Clinicians
The 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 budget
Federal regulations
State budget
Faculty retirements
Change in focus of Ohio Third Frontier program
Opportunities
Collaboration (big projects) across colleges
Industry downsizing in-house R&D
Medical Center expansion and Nationwide Children's expansion
Creation of office to pursue large grant opportunities
Innovation opportunities with Battelle

24. Questions and Discussion
Thank you.