innovation and knowledge...
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Effective Technology Transfer and Economic Development
Innovation and Knowledge Transfer
Sethuraman “Panch” PanchanathanSenior Vice President
Office of Knowledge Enterprise Development
5/11/15 Arizona State University 1
Supporting Research, Entrepreneurship and Economic Development
• Fostering Innovation and Economic
Development
• Enhancing IP Policy
• Successful Commercialization
• Value of Academic Partners
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Innovation: Drives Economic Growth
2nd
Industrial
Revolution
Heroic
Inventor
Science: The
Endless Frontier
Entrepreneurship
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Innovation and Economic Development
Success Factors of Innovation
Leaders
• The Human Factor of
individuals and teams is critical
for success
• Workers with advanced
degrees are an essential
starting point for innovation
• Science, technology and
innovation play an important
role in economic development
• Aligning higher education and
innovation goals is essential
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Economic Development: Startups Create New Jobs in U.S.
• New businesses account for nearly all net new job creation and almost 20 percent of gross job creation
• Companies less than one year old have created an average of 1.5 million jobs per year over the past three decades
Protecting and Preserving a Startups Value
• Protects against competitors copying
• Protects within country markets
• Protection Enables effective entry into external markets
• Attracts investors – particularly for start-ups
• Attracts industry interest
IP is not required in all cases
• Dependent on the business model
• Open innovation may be a viable route in certain markets
• Example: open source software and genetic testing
Preserving Value: Intellectual Property requires protection
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• Enhancing the 1980 Bayh-Dole Act
• Minimizing “patent trolls”
• Leveling the playing field for large and
small companies
• Promoting industry partnerships with
academia
• One size does not fit all - linking IP
policy to the end goals
Fostering Innovation: Enhanced IP Policy
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Market Stream
INDUSTRY PARTNERS
ACADEMIA PARTNERS
Fostering Innovation: Leveraging Corporate Partnerships
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Research Stream
Academic/industry models at ASU:
• Flexible Display Center
• Engineering Research Centers
• Science Technology Centers
• Global Institute of Sustainability
• Flexible IP models:
- Master research agreements
- Consortium agreements
- Express license agreements
Fostering Innovation: Industry Partnerships
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Classic Technology Commercialization Model
Translational
Research
Intellectual
PropertyFunding
Basic
Research
Applied
Research
Industry Startup
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Crossing the Chasm: Bridging the Gap to Success
Intellectual
PropertyFunding
Basic
Research
Applied
Research
Industry Startup
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Arizona Furnace competition
Six-month accelerator experience for startups
• Catalyst Fund
• Incubation space - SkySong
• National Programs - iCorps
• Regional hubs for collaborations
- Collaborate with universities: UCLA, Caltech, USC, etc
- Collaborate with southern CA resources: LAVA, First Look LA, etc
- Leverage southern CA entrepreneurial talent
- Leverage southern CA investment community
• DoD Pracademic Center of Excellence in Technology Transfer
• The Maricopa County Manufacturing Venture Fund
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Academic Partnerships and Models that Work
SkySong, the ASU Scottsdale Innovation Center
The best way to predict the future is to invent it.
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- Alan Kay
• Innovation Supports Economic Development
• Intellection Property Protection is a Priority
• IP Policy Is A Good Starting Point
• Industry and Academic Partners Foster Innovation
• Create Models that Support Successful
Commercialization
The best way to predict the future is to invent it.
- Alan Kay
The best way to predict the future is to invent it.
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THANK YOU!
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