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Research and Economic DevelopmentMichael F. Nichols

Vice President for Research and Economic Development University of Missouri System

April 1, 2013

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Research and Economic Development Key Differences

Research Economic Development

• New knowledge creation & sharing

• Work closely with CROs

• Increase financial support from sponsoring agencies

• Expose students to discovery process

• Optimize research efficiency, minimize administrative burdens

• Promote commercialization of IP

• Work closely with TTOs

• Attract capital markets to move research to market

• Increase internships and jobs through startups, incubators and research park companies

• Improve process to move research to the marketplace

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History

Department established in 2005 to fulfil the newly-added UM System mission – Economic Development

Link research and commercialization from the four UM System campuses to emerging and existing firms across the state and around the world

Work closely with campus research officers, chancellors and tech transfer offices. This process is decentralized as each campus has their own processes, reporting lines and points of interface.

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Technology Transfer CampusEvaluation Process

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Assets Under Management

Funding Programs/Opportunities$7,070,000

Intellectual Property Revenues (Gross) $8,827,242

Real Estate Holdings & Park Revenues $30,884,621

TOTAL $47,008,863

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Research to Commercialization Pipeline

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Key Partnerships

Missouri Partnership

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Alignment with Missouri’s Strategic Initiatives

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Research and Technology Transfer Highlights

AUTM/NSF DataUniversity of Missouri System 2012 2006 2011

% Change (06-11)

2006 Rank

2011Rank

Research Expenditures $325,539,313 $272,276,876 $329,370,331 21% 48 55

Disclosures Received 163 107 157 47% 51 41

Gross Licensing Income $6,757,538 $2,371,287 $7,760,779 227% 58 39

License/Options Signed 70 16 110 588% 69 11

No. of Active Licenses/Options 284 105 232 121% 60 43

US Patents Issued 34 15 33 120% 54 36

Startups 8 2 5 150% 68 34

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Technology Transfer Trends

Invention Disclosures Received

License/Option Agreements Signed

Number of Active License/Option Agreements

US Patents Issued

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Federal vs. Non-Federal ExpenditureComparisons

SOURCE UM System Penn StateFederal $179,110,126 54% $477,086,000 59%University $124,586,930 38% $142,351,000 18%State $4,499,429 1% $77,979,000 10%Industry and other $21,173,847 7% $107,373,000 13%Total $329,370,331 $804,789,000

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Research Parks and Incubator Networks

Purpose and benefit (Covenants)Section 172.273The Curators of the University of Missouri may establish research, development and office park

projects, in order to promote cooperative relationships and to provide for shared resources between private individuals, companies and corporations, and the University of Missouri, for the advancement of the University in carrying out its educational mission and such projects are declared to be in furtherance of the purposes of the university.

Future

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Research Parks and Incubators Network - Status

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Economic Development through Incubation

FY12 Startups (8)Viator Technologies, Inc.Spogen Biotech, Inc.Effexus Pharmaceuticals, LLC.Eternogen, LLC.NanoElectromagnetics, LLC.HLB Horizons, LLC.EyeVerify, LLC.Q3D Visual Diagnostics, LLC.

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Summary of Research Goals

Expand our system investment programs Expand university research collaborations with industry Support of technology based economic development through

activities directed at moving technologies to the marketplace, creating start-up companies, and increasing tenants in our incubators and research parks

Increase interdisciplinary research and intercampus research collaboration

Become recognized leaders in chosen areas that are defined in strategic planning (ex. Engineering, Life, Bio, Plant and Animal Science)

Align accountability measures

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Summary of Economic Development Goals

Expand activities directed at moving technologies to the marketplace

Expand activities directed at the creation of startup companies

Increase the number and engagement of companies in our incubator network and research parks

Create, participate, enhance and maintain regional economic development activities through material partnerships with other research institutions, business enterprises, state and local government and economic development agencies

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Conclusions

ChallengesUncertainty about Federal ExpendituresFaculty Teaching vs. Research Obligations“First to File” changes in patent law

OpportunitiesCommercialization as part of promotion/tenureAdded faculty for researchInterdisciplinary Intercampus Research Projects