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Office of Innovation and Entrepreneurship

November 15, 2012

Overview & Programs

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OIE History

• Established in 2009 - With a policy and programmatic mandate

• Mission • Spearhead department efforts to promote innovation based, high-

growth entrepreneurship in pursuit of job creation and economic growth

• Develop policies to accelerate innovation and advance commercialization of research

• Identify existing barriers to innovation and commercialization

• Strengthening collaboration on and coordination of policies relating to innovation and commercialization

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OIE Vision

OIE is continuing to support economic growth, innovation and entrepreneurship through ongoing efforts with other organizations and policy implementation.

Focus on sustainable growth through bottom-up practices, creating more startups and enabling small businesses to pursue job creation and expansion.

Creation and support of regional clusters, while promoting a supportive culture of universities, laboratories, entrepreneurs, small businesses, and

government officials.

ENTREPRENEURSHIP

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Connecting Resources to Support a Strong Entrepreneurial Ecosystem

Leverage Points

for Sustainable and Inclusive

Prosperity

EnhanceRegionalClusters

HumanCapital

Innovation-Infrastructure

SpatialEfficiency

Supporting Public-Private Partnerships

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Office of Innovation & Entrepreneurship Presentation Overview

OIE

• i6 Challenge – Competitive Grant Program

• i6 Winners Conference

• National Advisory Council on Innovation and Entrepreneurship (NACIE) • NACIE University Presidents’ Letter – 148 Universities• University Report• Follow-up to the NACIE University Presidents’ Letter

• Higher Education Forum

• Interagency Working Group on Technology Transfer

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Building institutions to create Proof of Concept Centers(POCC)• Connecting innovation to businesses

Details:• 3 years, 140 applications

• Each EDA region to select at least 1 winner to receive up to $1 million – to be matched by winning applicant

• Over $31 million Available funding, 19 winners

• Focus on a broad based set of topics – food, energy, defense, education, life sciences, and technology commercialization

• Investment Review Committee (IRC) and National Science Foundation (NSF) Review Panel

i6 Challenge

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Proof Of Concept Center Factors• Innovation: Projects that nurture innovation broadly, and market-based

applications for that innovation specifically.

• Entrepreneurship: Projects that develop a large number of high-growth entrepreneurs across disciplines and create an ecosystem for those entrepreneurs to experiment and commercialize their innovation.

• Regional Economic Development: Projects that drive economic development through the lens of innovation and entrepreneurship

• Commercialization of Research: Projects that convert ideas, research or prototypes into viable products and services that can be monetized and brought to market in a financially manageable and rapid manner

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I6 Challenge Winner ProfilesSt. Louis Biogenerator – Denver Region

• Bioscience technology commercialization

Innovation Works and Carnegie Mellon University – Philadelphia Region

• Agile Innovation System that accelerates technology commercialization

The University of California, Davis and the Sacramento Area Regional Technology Alliance (SARTA) – Seattle Region

• Clean AgTech Innovation Center that catalyze commercialization of sustainable agriculture technologies.

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i6 Winners Conference

• Representatives from the 19 total winners delivered presentations on their projects/proposals.

• Winners heard from three leaders in the field of innovation regarding sustaining and expanding proof of concept centers and from officials from many federal agencies with innovation programs.

• One-on-one interactions with federal officials and for networking among i6 Challenge winners.

“Connecting Resources to Support a Strong Entrepreneurial Ecosystem”

White House Conference Center – Tuesday, October 2, 2012

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National Advisory Council on Innovation and Entrepreneurship

• Launched in 2010 and announced by former U.S. Secretary of Commerce Gary Locke as a component of the White House’s Startup America initiative.

• The National Advisory Council on Innovation and Entrepreneurship will aide the administration develop a broader strategy to spur innovation and enable entrepreneurs to develop breakthrough technologies and dynamic companies, creating jobs across America.

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National Advisory Council on Innovation and Entrepreneurship• Membership:– 3 Federal Co-Chairs: EDA, USPTO, NIST– 7 Universities / 3 Non-Profits– 12 Entrepreneurs / Venture capitalists

• The council identifies and recommends policy solutions critical to enabling entrepreneurs and firms to successfully commercialize new ideas and technologies into high-growth, innovation-based businesses.

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The NACIE University Presidents’ Letter• Signed by 4 Presidents on NACIE and adopted by 141

University Presidents

• Supported by AAU, APLU, AASCU

• 5 Categories of LetterI. Promoting student innovation and entrepreneurshipII. Encouraging faculty innovation and entrepreneurshipIII. Actively supporting the university tech transfer functionIV. Facilitating university-industry collaborationV. Engaging with regional and local economic development

efforts

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NACIE Letter Follow-Up• Follow up with the 141 signatories of the 2011 NACIE

University Presidents’ Letter to address the 5 Categories– Telephone interviews with heads of TTOs, VPs of Research

• Produce a University report and event to document the findings– To align higher education in a common direction around best-

practices in university-based innovation and entrepreneurship.

– Celebrate the rise of innovation and entrepreneurship as a critical objective of the higher education community

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I. PROMOTING STUDENT INNOVATION AND ENTREPRENEURSHIP

Courses and Degree Programs in Innovation and Entrepreneurship

University Report

The University of Colorado System’s Innovation and Entrepreneur Degree Program offers a Bachelor’s degree in Innovation (B.I.), which provides a unique multi-disciplinary team approach. For example, a B.I. in Computer Science

requires students to develop strong team skills, study innovation, engage in entrepreneurship, practice proposal writing, and learn business and intellectual property law.

Experiential Learning

Washington University in St. Louis’ student internship program offers 25 paid internships per summer for students to work in a start-up company four days a week and attend experience learning workshops one day a week.

The University of Illinois Patent Clinic allows law students the opportunity to draft patent applications for student inventors.

The University of Wisconsin-Madison’s “entrepreneurial deli” allows students to rapidly manage different problems in a workshop built from case studies of common start-up barriers and learn from experienced entrepreneurs.

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I. PROMOTING STUDENT INNOVATION AND ENTREPRENEURSHIP

Competitive Opportunities

At Florida Atlantic University, the winner of the business plan competitions gets free space in the incubator for 6 months; other contestants can rent incubator space.

The University of Wisconsin’s 100 Hour Challenge provides participants with $15 vouchers to purchase repurposed materials and challenges students to create the most valuable, innovative, creative or socially beneficial product or service within 100 hours

Entrepreneurial and Innovation Collaboration Spaces University of Florida’s INSPIREation Hall will be the nation’s first entrepreneurial-based academic residential

community. This new, state-of-the-art live-and-learn community will allow students to interact throughout their academic program with other like-minded people: fellow students, leading researchers, faculty, business professionals, and entrepreneurs.

Purdue has an Entrepreneurship and Innovation Learning Committee what is made up of students interested in new business ventures who live together in a dormitory, many of whom also participate in the certificate program.

University Report

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II. ENCOURAGING FACULTY INNOVATION AND ENTREPRENEURSHIP Rewarding Faculty Innovation and Entrepreneurship

The University of Southern California’s Lloyd Greif Center for Entrepreneurial Studies presents three faculty members with research grants totaling $11,000 as part of its annual Faculty Research Awards. The Center also rewards entrepreneurial minded faculty with the annual Greif Research Impact Award, which is given to the faculty member who has written an article that has the most effect on the area of entrepreneurship.

In 2010, The University of Virginia’s School of Medicine was the first to include innovation and entrepreneurship activities among its promotion and tenure criteria. Candidates for promotion and tenure were asked to provide a report on their inventions and the patent status of those inventions; registered copyright materials; license agreements involving their technologies; and many other contributions to technology-transfer related activities, including entrepreneurship and impact on economic development.

Supporting Collaboration

The University of Cincinnati Research Institute allows industries to partner with expert faculty and students performing sponsored research. The partnerships facilitate the commercialization of research and enhance cooperative and experiential learning experiences and opportunities. With the creation of the foundation outside the university, professors and other state employees are able to overcome state restrictions on equity and revenues streams, allowing them to be compensated for their work through income from licensing revenues and other shares.

University Report

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II. ENCOURAGING FACULTY INNOVATION AND ENTREPRENEURSHIP

University Report

Engaging with Industry

Caltech runs a comprehensive “Tech Review” process for faculty in which three or four Caltech researchers have the opportunity to give a short presentation on a new and promising technology for commercialization to an audience of

angel investors, venture capitalists, and entrepreneurial alumni. This presentation is followed by a roundtable discussion in which the investors provide feedback and advice on the commercial development potential of the

presented technology.

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III. ACTIVELY SUPPORTING UNIVERSITY TECHNOLOGY TRANSFER

Reducing Technology Transfer Barriers

• A high priority is to streamline the technology transfer process to more effectively identify research with market potential and move it from the lab to the marketplace.

Expanding Technology Transfer Office level of support

Utah State University Intellectual Property Service is a university unit within Commercial Enterprises that is fully dedicated to helping USU faculty and staff manage, protect, and commercialize university intellectual property. IP Services includes two IP attorneys, one registered patent agent, one paralegal, and one docket manager.

University Report

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University Report

III. ACTIVELY SUPPORTING UNIVERSITY TECHNOLOGY TRANSFER

Protecting Intellectual Property

Shrinking the Funding Gap

• Connecting with faculty early in the R&D process to encourage them to file patent applications prior to publicly releasing results, resulting in increased need for staff with knowledge of intellectual property laws and procedures.

University of Wisconsin’s Wisconsin Alumni Research Foundation is a nonprofit organization that started as a funding center from alumni contributions. Today, the organization is raising funds through university research and licensing technologies to companies for commercialization. The funds generated are used to fund research, build facilities, purchase equipment, and support faculty and student fellowships.

Oklahoma University’s OU Growth Fund provides money to researchers on each OU campus to help them develop prototypes and conduct additional research in order to keep a research program viable through the valley of death.

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IV. FACILITATING UNIVERSITY-INDUSTRY COLLABORATION

Sharing Resources and Knowledge

University of Delaware’s Office of Economic Innovation & Partnership (OEIP) has established partnerships with The College of Engineering and the Lerner College of Business to establish a program entitled Spin In™. The program works with local entrepreneurs who ‘spin in’ a technology, patent, or product that needs further development. The intent is to spin the product back out to the entrepreneur for potential commercialization. OEIP also offers undergraduate and graduate student internships in the areas of technology transfer and business development.

University of Michigan’s Business Engagement Center (BEC), affiliated with the Office of the Vice President for Research and the Office of University Development, provides companies with a one-stop gateway to the various research, technology, education, facilities, and talent resources at U-M. The BEC maintains relationships with more than 1,000 companies, and is contacted by approximately 200 new companies each year. BEC-facilitated relationships can range from individual research projects to broader engagements depending on the business need. For example, Boeing maintains a long-standing partnership with U-M, recruits from seven different U-M programs, provides support for 50 students, regularly sponsors student projects, and conducts research with four university departments.

University Report

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Accelerators

University Report

IV. FACILITATING UNIVERSITY-INDUSTRY COLLABORATION

Georgia Tech’s Flashpoint is a startup accelerator that offers entrepreneurial education and access to experienced mentors, experts, and investors in an immersive, shared-learning, open workspace. The program, the first public-private partnership of its type in the country, brings together resources from the university, private funding, and startup leaders to accelerate innovation and growth. A $1 million fund, created by an investment firm working with Atlanta angel investors, invests between $15,000 and $25,000 in startup funds. In January 2011, Flashpoint held its first “demo day” with 15 startups from the initial Flashpoint group that including Georgia Tech faculty and students.

Providing Guidance on Intellectual Property Rights and Royalties

A few universities have followed the Pennsylvania State University model, which uses a simple, flexible agreement that often leads to granting sole IP rights to the industry partner.

The University of Minnesota has a unique approach in eliminating the need for protracted negotiations over IP by allowing the sponsoring company to pre-pay a fee and receive an exclusive worldwide license, and all associated royalties.

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V. ENGAGING WITH REGIONAL AND LOCAL ECONOMIC DEVELOPMENT EFFORTS

University Report

Working Directly with Local Businesses and Communities

Collaborative Approaches for Achieving Regional Economic Development

University of Georgia’s service-learning program offers enhanced courses at all of the university's schools and colleges. The courses encourage students to provide service to communities during their time at the university.

University of Kansas’ RedTire initiative was developed to help link graduate students and alumni with struggling, local small and medium-sized businesses to provide support and mentorship.

The Merrimack Valley Sandbox’s Campus Catalyst program provides small grants of up to $500 for students of the University of Massachusetts Lowell, Merrimack College, Middlesex Community College and Northern Essex Community College to start entrepreneurial projects off campus and in their communities.

UC Lawrence Berkeley’s East BayGreen Corridor is a broad regional collaboration to support the emerging clean technology economy. It builds upon the region’s existing strength as a center for emerging green technology, innovation and entrepreneurship.

Penn State 1-99 Corridor Region has received funding from the NSF Partnership for Innovation program and the Commonwealth to leverage Penn State research and education strengths for job creation in nearby counties. More than 30 companies have engaged in research partnerships with Penn State and I-99 Corridor to date.

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V. ENGAGING WITH REGIONAL AND LOCAL ECONOMIC DEVELOPMENT EFFORTS

University Report

Linking Local and Communities to Support Networks

University of California, Berkeley has students from its Center for Young Entrepreneurs at Haas (YEAH) work in the community with underprivileged East Bay and Bay Area youth to share best practices in entrepreneurship, a passion for education, and to help high school students in the area pursue a college education.

Texas State’s RampCorp program works to improve economic opportunities for female entrepreneurs in Texas who receive coaching from experienced investors, entrepreneurs, inventors, and business leaders to learn about local resources and opportunities. The RampCorp training includes both skills and knowledge training to provide guidance on starting, growing, and funding technology and startup companies.

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Strategic Outreach

• Programming

• Suggestions, Recommendations, and Ideas

• University-Government Relationship

• Celebration

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Higher Education Forum

• DOC Auditorium – Remarks from Acting U.S. Secretary of Commerce Dr. Blank

• Student/Faculty Entrepreneurship Panel• Tech Transfer / Industry Panel• Regional Economic Development Panel

Audience: 145 NACIE letter signatories, 170 NACCE community colleges, 50 HBCU’s

• White House South Court Auditorium • 5 Companies spun out of i6 winnersAudience: 145 NACIE letter signatories + special guests

“The Innovative and Entrepreneurial University: Higher Education, Innovation & Entrepreneurship in Focus”

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Inter-Agency Working Group on Technology Transfer

• In response to the Presidential Memorandum on Accelerating Technology Transfer and Commercialization of Federal Research in Support of High Growth Businesses– Intramural Federal Lab Component– Requires agencies with federal labs to create a plan for improving technology

commercialization efforts and metric collection

• Spearheaded by Paul Zielinski – Director of Technology Partnerships at NIST

• Extramural Component in the works that will address Federal Research within Universities

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2013: Connecting the Dots

Higher Education

Economic Development

Agencies

Startup Companies

Accelerators & Incubators

Large Companies

Federal Agencies &

Labs