innovation, university and knowledge based economy kai y. duh university of maryland
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Innovation, University and Knowledge Based Economy
Kai Y. DuhUniversity of Maryland
• Basic Research: Study without specific applications in mind. Conventionally conducted by universities.
• Applied Research: Apply knowledge. Often conducted by industries.
• University-Industrial Complex: Joint research on campus, profoundly impacted innovation and economy.
Styles of Innovation
The Bayh-Dole ActThe Bayh-Dole Act
presumption of title to any invention made presumption of title to any invention made by universities, small businessby universities, small business
and other non-profit entities through the and other non-profit entities through the use, in whole or in part, use, in whole or in part,
of government funds from the government of government funds from the government to the contractor granteeto the contractor grantee
University of MarylandUniversity of Marylandestablished in1856established in1856
1,250 acres, 262 buildings all with WLAN 1,250 acres, 262 buildings all with WLAN 38,000 students, 10,000 are graduate students38,000 students, 10,000 are graduate students 3,600 faculty members including 100 Chinese3,600 faculty members including 100 Chinese 3,500 foreign students, 1,000 Chinese students3,500 foreign students, 1,000 Chinese students 12 Colleges, 127 under- , 112 grad- programs12 Colleges, 127 under- , 112 grad- programs Outside research funding over $548 millionOutside research funding over $548 million 30 programs in top 10 & 55 programs in top 1530 programs in top 10 & 55 programs in top 15 Jiao Tong Univ. world ranking #37, # 28 in USJiao Tong Univ. world ranking #37, # 28 in US
Middle School • Summer program for 8th grade students interested in entrepreneurship
Supporting Activities
• UM Technology Startup Boot Camp
• UM $75K Business Plan Competition
• Mtech Entrepreneur Office Hours
• Maryland Intellectual Property Resource Center
High School • Summer Program • Spring Program for two High Schools
UM Freshmen & Sophomores
• Entrepreneurship & Innovation Program• Freshmen Connection Program • Courses open to all UM students
UM Juniors & Seniors
• Hinman CEOs Program • Hillman Entrepreneurs Program• Courses open to all UM students
Graduate Students
• Graduate Course in Technology Entrepreneurship
Professionals • Certificate in Innovation Management Program– 5 course executive education, non-credit series
Entrepreneurship Education
Innovation/Entrepreneurship Programs
Students Students & Faculty
Companies
Honors Entrepreneurship & Innovation Citrin Entrepreneurial Fellows On-Campus Incubator (TAP)
Hinman CEOs Faculty Venture Fairs Venture Funding
Hillman Entrepreneurs Tech Startup Boot Camp Second Stage Incubator (TVB)
30 Entrepreneurship Courses B-Plan Competition International Incubator (MI2)
Seed Funding TERPS Startup Lab Product Development (MIPS)
Venture Accelerator Bio Research & Education (BREP)
Manufacturing Assistance Program
Mentoring, Legal Resources, Entrepreneurship Office Hours
Incubators
Incubator Building Tech Venture Building
Maryland International Incubator
Maryland International
Incubator Mission
to help technology-based international companies
successfully enter
U.S. market place
Conference Room Library
Incubator MembersIncubator Members
FoxconnFoxconn
Origin CommunicationsOrigin Communications
US-Russia Innovation CorridorUS-Russia Innovation Corridor
Venture InnovationVenture Innovation
Loccioni CompanyLoccioni Company
Design and Assembly of Testing EquipmentDesign and Assembly of Testing Equipment
Incubator MembersIncubator Members
Glodon CompanyGlodon Company Construction software solutions Construction software solutions
Romania RGIC Romania RGIC Investment & ConsultancyInvestment & Consultancy
Canon US Life Sciences Canon US Life Sciences Molecular Diagnosis Instrumentation Molecular Diagnosis Instrumentation
Incubator MembersIncubator Members
Signalway Antibody Biotech Co.Signalway Antibody Biotech Co. Products for biotech and pharmaceutical companies Products for biotech and pharmaceutical companies
Clear Spring Applied Technology Clear Spring Applied Technology
Water Technology R&DWater Technology R&D
DycentBio Biotech CompanyDycentBio Biotech Company Analytical testing of biotech materialsAnalytical testing of biotech materials
Joint InnovationJoint Innovation
$100K per year for 40 companies$100K per year for 40 companies Collaborate with UM faculty and graduate Collaborate with UM faculty and graduate
students on R&Dstudents on R&D Leveraged funding thru UM, with company 10% Leveraged funding thru UM, with company 10%
matching fundsmatching funds
HughesNet (internet via satellite)HughesNet (internet via satellite)Hughes Network Systems, Germantown, MDHughes Network Systems, Germantown, MD
HughesNet is the world's leading HughesNet is the world's leading broadband by satellite service.broadband by satellite service.
$8.4 B in sales to customers in 85 $8.4 B in sales to customers in 85 countries.countries.
System based on design by Dr. John System based on design by Dr. John Baras, Professor of Electrical and Baras, Professor of Electrical and Computer Engineering at UM College Computer Engineering at UM College Park, who worked out protocols for Park, who worked out protocols for how Internet is delivered by satellite how Internet is delivered by satellite worldwideworldwide
Martek Biosciences Corporation 創立於 1985 年,為美國那斯達克上市公司。其為營養品原料製造商,公司重心在於發展微藻類產品,主力銷售 2 種已具有專利權之脂肪酸 (DHA 、 ARA) , Martek DHA(DHASCO) 、 ARA(ARASCO) 。 近兩年來業績逐季成長,主要原因就是許多美國知名的大型食品公司與嬰兒配方奶粉製造廠,如:亞培、美強生,已開始使用 Martek 專利生產的 DHA ( Neuromins®DHA) 。
$0
$50
$100
$150
$200
$250
$300
2002 2003 2004 2005 2006
Revenue in Millions
Digene manufactures Digene manufactures proprietary DNA and RNA proprietary DNA and RNA tests focused on women's tests focused on women's cancers and infectious cancers and infectious diseases. diseases.
$0$20$40$60$80
$100$120$140$160
2002 2003 2004 2005 2006
Revenue in Millions
Now the 10Now the 10thth best selling biotech drug in best selling biotech drug in the world (past sales approx $9.1 B)the world (past sales approx $9.1 B)
Used to prevent respiratory syncytial Used to prevent respiratory syncytial virus (RSV) disease in infants. virus (RSV) disease in infants.
MedImmune’s MIPS project “improved MedImmune’s MIPS project “improved [our] knowledge of carbohydrate [our] knowledge of carbohydrate analysis…and helped in structural analysis…and helped in structural testing of Synagis.” testing of Synagis.”
-John Hope, MedImmune scientist-John Hope, MedImmune scientist
SynagisMedImmune (Gaithersburg, MD)
Unique drill bit designUnique drill bit design
Drills up to two times faster than Drills up to two times faster than competitive bits; drills up to six times competitive bits; drills up to six times more holes per battery charge when using more holes per battery charge when using a cordless drilla cordless drill
Technology is used in DeWalt line of 29 Technology is used in DeWalt line of 29 drill bitsdrill bits
Bullet Speed Tip Masonry Drill BitBlack & Decker (Towson, MD)
CryoSpray Ablation™ System CryoSpray Ablation™ System CSA Medical (Baltimore, MD)CSA Medical (Baltimore, MD)
New device and treatment for New device and treatment for Barrett’s esophagus (a pre-Barrett’s esophagus (a pre-cancerous condition)cancerous condition)
First clinical trails done at UMB First clinical trails done at UMB Product launched in May, 2007Product launched in May, 2007 CSA Medical now has >40 CSA Medical now has >40
employeesemployees Company recently raised Series A Company recently raised Series A
financing of $8Mfinancing of $8M MIPS-funded study results MIPS-funded study results
presented at national medical presented at national medical meeting, Oct 07meeting, Oct 07
Top ThreeTop Three
Company Product RevenueCompany Product Revenue MedImmune Synagis $6.7 billion MedImmune Synagis $6.7 billion Martek Infant Formula $1.4 billion Martek Infant Formula $1.4 billion Hughes, HNS DIRECWAY $6.3 billion Hughes, HNS DIRECWAY $6.3 billion
Total:$14.4 billionTotal:$14.4 billion
Impact Impact
venture investment; venture investment; $270 M
Government Funds; Government Funds; $70 M
IPO Total; IPO Total; $1,500 M
Sales of companies; Sales of companies; $560 M$560 M
SummarySummary
• 5,306 jobs created and retained5,306 jobs created and retained
• 90 companies graduated from incubator90 companies graduated from incubator
• Projects: 456 Companies, 360 UM FacultyProjects: 456 Companies, 360 UM Faculty
• $24.6 B Cumulative Economic Development Impact $24.6 B Cumulative Economic Development Impact
Thank YouThank You!!
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