Presentation on theme: "Sustainable Smart Cities Symposium April 3, 2013 Richard B. Marchase Vice President for Research and Economic Development."— Presentation transcript:
Sustainable Smart Cities Symposium April 3, 2013 Richard B. Marchase Vice President for Research and Economic Development
A Sustainable Birmingham Depends upon the Creation of Clean and Ongoing Jobs and an Environment of Innovation Harnessing innovative ideas and translating them into real opportunities for growth is critical Interdisciplinary research is at the heart of the transition to a knowledge-based economy Academia, including UAB, must fulfill its potential to provide innovation, research, and education to address real world problems – Especially those important to the Birmingham region
“ We would do Birmingham a great disservice if we dreamed too little dreams” Joseph Volker, First President of UAB, c.1970
University of Alabama at Birmingham (UAB) In just 43 years: – Largest employer in state of Alabama with 23,000 employees Top 5 Best Places to Work in Academia by The Scientist – ~$3.5 billion annual budget – ~$450 million in Annual Research Dollars – ~32 nd in federal research expenditures – ~20 th overall in NIH funding
UAB’s Overall Economic Impact on Birmingham: >$5 Billion Annually Nearly 20 to 1 leveraging on a state investment in FY12 of ~$270 million Health Center Construction Students and on-campus activities Research Spin-offs
UAB Research: Strong. Collaborative. Multidisciplinary.
Economic Prosperity “The impact and role of UAB in these efforts cannot be overstated. UAB is the dominant economic engine in the region; its growth will help to fuel the region’s growth. Likewise, the University’s commitment to innovation will ultimately determine the region’s ability to develop new technologies and valuable new startups in knowledge- intensive fields that will support the region’s economic diversification and high-wage job growth. When it comes to creating a culture of innovation in the Birmingham region, UAB must play a leadership role.”
Birmingham Business Alliance (BBA) Culture of Innovation is a key component of BBA’s “Blueprint Birmingham” – Hired Vice President for Innovation and Technology to support Research, Development, and Tech Transfer Partnership between UAB & BBA to create: – Scouting for commercialization opportunities – Mentoring with technology experts – Entrepreneurial Education
Moving Research: From University Blvd to Main Street
UAB Research Foundation (UABRF) IP created by the UAB research community: since 1987, UABRF has - Received & managed >2,200 invention disclosures Executed >430 option &/or license agreements Had >640 U.S. patents issued Helped create >50 startup companies -mostly since 2000 Generated >$60MM in license income – of which: >$27MM has been distributed to UAB for re-investment >$16.5MM has been distributed to inventors as personal income Technologies include: Information Technology Pharmaceuticals / Biotechnology Medical Devices Materials Engineering Medical Informatics
UAB Institute for Innovation and Entrepreneurship PartnerDevelopCreateEducate Develop and enhance UAB’s graduate and undergraduate programs in entrepreneurship, innovation and new venture management. Create an “Innovation and entrepreneurial community” through the use of on-line resources, social media and hosted events. Cast a broad net to identify innovations, pick the most promising ones and develop their commercial potential. Provide entry point for worldwide industries to successfully collaborate with UAB
Internal (UAB) Research & Collisions Cross-disciplinary Connections Internal (UAB) Research & Collisions Cross-disciplinary Connections REVIEW Vetting Market Feasibility RESOURCES & SERVICES Mentors Business Plan Management Proof of Concept Project Management COMMERCIALIZATION PATHWAY VC/Angel $$ Product Development Ideas INTERNAL INVESTMENTS Consultants Proof of Concept Patent Filing INTERNAL INVESTMENTS Consultants Proof of Concept Patent Filing DISCLOSURE Triage: IP landscape Market Opportunity License to existing company Startup company Revenues Research support Revenues Research support External (Businesses) Solution Seekers External (Businesses) Solution Seekers Revenues Research support JOBS Revenues Research support JOBS
Outcomes Accelerated commercialization and economic development. Magnified student and faculty engagement in entrepreneurialism. Increased enrollment and student/faculty retention. A new generation of innovative products, services and alumni. Active recruitment of Alabama businesses who need research to be optimally successful. Substantial economic growth in Birmingham, the state & beyond.