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!!