kenan institute of private enterprise (kipe) initial
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Kenan Institute of Private Enterprise (KIPE) Initial Mission (1985): Have a substantial and lasting impact on the business and commercial
community of North Carolina, the United States, and, eventually, the international markets as well; encouraging cooperative efforts among private enterprise, academics and government.
1 Source: KIPE archives; KIPE website
Index: ◦ Research and development inputs ◦ Risk capital and entrepreneurial infrastructure ◦ Human capital investment ◦ Technology and science workforce ◦ Technology concentration and dynamism Technology and science are leading the economic recovery: ◦ Massachusetts ranked first—again! ◦ Competition at the very top makes it difficult to break into the top 10. ◦ Regions that invested in innovation and education are emerging from the recession stronger. NC’s -8 decline reverses an upward trend since 2004:
◦ NC dropped 17 places in risk capital and entrepreneurial infrastructure composite
◦ NC fell from 9th to 34th in venture capital growth ◦ NC fell from 3rd to 28th in number of net business starts. North Carolina: Rank 2012: 21 Rank 2010: 13 2
North Carolina had the biggest drop (-8) of any state in the Nation
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TN IN DC KS NH SC OK
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Mill
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VC Investment and Number of Deals by State* FY 2012
NC Ranks 19th in VC Funding ($169M) And 17th in # of Deals (35)
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*CA (~$14B and 1521 Deals), NY (~$1.9B and 331 Deals), and MA (~$3B and 410 Deals) not included for display purposes
Triangle startup fundraising hits 15-year low in 2012 By David Ranii - [email protected] Published in: Local/State
Source: National Venture Capital Association
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Corporate research labs that drove American industrial leadership
in the twentieth century have largely been dismantled
Today, our Nation’s primary source of new knowledge and skilled pioneers is our research universities
Silicon Valley, HWY 128, San Diego, Austin, NYC, RTP, Phila/Baltimore
Federal R&D budget is the fuel for innovation in the USA 35% of the federal R&D budget goes to 25 universities
Research output consolidating; 24 universities share 42% of overall
US research output. News of the Week, Science 330 (2010) 1032 “Startups aren’t everything when it comes to job growth. They’re
the only thing.” “The Importance of Startups in Job Creation and Job Destruction” Kauffman Foundation, July 2010
“Startups are a wonderful thing, but they cannot by themselves increase tech employment…[we need to} build factories, and hire people by the thousands.” Andy Grove: How America Can Create Jobs
Key regions in the USA, and other countries, are increasingly investing in their own competitiveness, especially in their research universities
America is driven by innovation
Source: Research Universities and the Future of America, National Academies, June 2012
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Common characteristics Transformative visions Collaborative efforts across
“whole university” & region Clustering of Expertise Integration with
entrepreneurs, government & private sector
“Academic offerings to meet the needs of industry—including those in business, engineering, health sciences, and computer science—will be offered, tailored to the demands of the local economy.”
Source: institutes’ web sites & annual reports, news articles, Task Force analysis
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Top 20 Universities in Federal Research Funding FY 2011
208 NC A&T 221 UNC-Greensboro 229 UNC-Charlotte 234 East Carolina U 245 UNC-Wilmington 305 NC Central 458 UNC Asheville
Additional UNC System Universities FY 2011
1 Johns Hopkins U.* 2 U. of Washington 3 U. of Michigan at Ann Arbor 4 U. of Pennsylvania 5 U. of Pittsburgh, main campus 6 Stanford U. 7 U. of California at San Diego 8 Columbia U. 9 U. North Carolina at Chapel Hill 10 U. of Wisconsin at Madison 11 U. of California at Los Angeles 12 U. of California at San Francisco 13 Duke U. 14 Yale U. 15 Harvard U. 16 Washington U. in St. Louis 17 Penn State U. at University Park 18 M.I.T. 19 Cornell U. 20 U. of Minnesota-Twin Cities 72 Wake Forest U. 80 NC State U.
Sources: National Science Foundation (NSF); http://www.newsobserver.com/2012/03/29/1966185/ncsu-slowing-growth-aiming-for.html#storylink=cpy
Only two universities in top 25: ◦ without Schools of Engineering ◦ without Schools of Medicine
NC State slipped 33 slots in federal funding ◦ NCSU’s enrollment grew nearly 20 percent in
the decade ending in 2010 ◦ Number of tenure-track faculty increased just
1 percent
Convergence
• National Academies study
• The coming together of different fields of study through collaboration and the integration of approaches that were originally viewed as distinct and potentially contradictory.
• “…convergence is a blueprint for innovation…”
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Average: $6.4 M
Total Research Expenditures per Patent FY 2011
*Top 20 in Federal Funding in 2011 + WF (#79) & NC State (#69)
Source: AUTM (Association of University Technology Managers) FY 2011
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Average: $35M
Source: AUTM FY 2011
License Income FY 2011
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Average: 8%
Source: AUTM FY 2011
% of Total Research Expenditures from Industrial Relations FY 2011
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**Data not available
2016 Objectives
Mission We are a partner for innovative
entrepreneurship
Vision To elevate North Carolina as a
global leader in innovation and entrepreneurship
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Connect
Create
Accelerate Collaboration
Innovation
Diversity
Priorities
Leverage Intellectual Capital for NC Economic Development
Expand Multi-University Research Translation
Increase UNC-CH Entrepreneurship
Values
Objective 1: Increase UNC-CH entrepreneurship ◦ 1: Attract additional investment in UNC-CH research and commercialization
◦ 2: Support increased commercialization of UNC-CH technology
◦ 3: Connect and stimulate UNC-CH entrepreneurial efforts
◦ 4: Identify and champion strategic needs for entrepreneurship
Objective 2: Expand multi-university research translation ◦ 5: Support faculty to engage in multi-university collaboration
◦ 6: Support structural integration between universities
◦ 7: Create opportunities for students to collaborate across universities
Objective 3: Leverage intellectual capital for NC economic development ◦ 8: Provide direct assistance to entrepreneurs
◦ 9: Develop technological solutions to pressing NC challenges
◦ 10. Build a civic and government entrepreneurial climate 12
Frank Hawkins Kenan Institute the ‘Front Door’ for UNC Entrepreneurs
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Patent
Landscape
Assess Markets
Traverse COI & Facilities
Agreements
Seek Funding & Create
Prototypes
Connect & Build Teams
Advise & Support Venture
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America Invents Act ◦ First to file ◦ Filing a patent application
after a public disclosure very risky
◦ Bottom line: It’s a race to the patent office!
◦ UNC-CH policy and efforts need to change more than ever to be competitive.
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Commercialization Task Force COI Strategic Planning ◦ Department of Applied Physical Sciences ◦ Department of Biomedical Engineering
Infuse entrepreneurship into additional areas across campus ◦ Sport ◦ Public Health
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Recommendation: UNC should declare that the increased commercialization and impact of our research is a priority for our university, for our state and for our nation.
We propose a x % allocation from the F&A each year. Rationalized to • Research expenditures • IP generation and commercialization activities • Avoids the annual anxiety related to financial commitment
Innovation, Entrepreneurship and Economic Development Initiative Compliance Patents Business Development Office of Technology Compliance
Patent Assessment & Protection Office
Business Development & Licensing Office
• Bayh-Dole Act compliance • Greater awareness of invention
disclosure process through web presence, etc.
• MTA’s with Academic Entities
• Assessment o Patentability & Strategy o Landscape o Market Assessment
• Decision Process o Review and decision by
Committee of Deans and Chairs (or designates)
o In the case of “no”, option to faculty exclusively
• New Company Formation • Industrial Alliances
(collaborative deals to generate new IP)
• Out-license IP to Industrial Entities
• Clinical Trials • Staff skill sets to include legal
and business development
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Department of Applied Physical Sciences ◦ First new Department in
the C&S since Computer Science ◦ Critical initiative
internally at UNC-CH ◦ Critical bridge to NC
State and Duke ◦ Unfounded initiative
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Values: ◦ Teamwork, discipline & drive ◦ Leadership and role playing ◦ Fairness
Title IX: Equal Participation Opportunities
Student achievement from all socio-economic
backgrounds ◦ Red-shirt year in Science at Duke
Strategic Planning
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Entrepreneurship Minor: ◦ New track in Sport
Economic Impact: ◦ Inventory of NC Sport-Related Businesses
Collaboration: ◦ Sport Analytics Summit
Celebration: ◦ Sport Innovators & Entrepreneurship Awards
(“The SpIEAs”)
Kenan Institute of Private Enterprise (KIPE) Initial Mission (1985): Have a substantial and lasting impact on the business and commercial
community of North Carolina, the United States, and, eventually, the international markets as well; encouraging cooperative efforts among private enterprise, academics and government.
22 Source: KIPE archives; KIPE website
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•Assoc. Professor, Director - Consulting Program and STAR Program at UNC Kenan-Flagler •Consulting Experience - McKinsey & Co., and PwC •Author of “The McKinsey Engagement” & strategy
process, entrepreneurship, and decision making articles
Paul Friga, UNC PhD, MBA Project Advisor
•B.A., Wesleyan University; UNC KFBS MBA 2013, Duke Sanford MPP 2013 •Kenan Institute Leadership Fellow •Starting at Boston Consulting Group in 2013 • Interned at CEI, Maine CDFI in summer 2012
Bayard (Bay) Love Team Leader
•UNC B.A., 2013, Global Studies and Spanish major •Morehead-Cain Scholar •Editor-in-chief, UNC Undergraduate Law Journal •Starting at Capgemini Consulting in fall 2013
Charlotte Lindemanis Undergraduate
Analyst
•UNC B.S., 2013, Business Administration • Interned at G.E. Healthcare with Financial Management
Program •Starting at Bain & Company in 2013
Matt Burton Undergraduate
Analyst
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Mary Napier
Judith Cone
Zishan Haroon
Thomas Stith
Genny King
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Ted Zoller
Jean Elia
Deborah Stroman
Buck Goldstein
Nick Black
Mark Little
Cynthia Reifsnider
Natalie Birdwell
Geordy Johnson
Phase 1 – Assessment
(Sep 10-Oct 22)
•Background: •Internal
& external surveys •Benchmark •Interviews •Summary SWOT
Phase 2 – Visioning
(Oct 23-Nov 19)
•Draft Strategy
Statements: •Mission / Values •Vision •Priorities •Key Metrics
Phase 3 – Implementation
(Nov 20-Feb 4)
•Implementation
Plan: •Goals •Objectives •Actions •Supporting
metrics
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AC Meeting 1 10/22
AC Meeting 2 11/19
AC Meeting 3 1/28
Campus Lowry Caudill, BOT and e-ship minor Office of the Chancellor Holden Thorp, Chancellor KFBS Jim Dean, Dean Jack Evans, Professor Emeritus Pharmacy Bob Blouin, Dean Office of Research Barbara Entwisle, VC of Research Jacki Resnick, Director, Office of Res Dev College of Arts and Sciences Karen Gil, Dean
School of Medicine Shelley Earp, Director LCCC Bill Roper, Dean, VC Medical Affairs School of Journalism Susan King, Dean School of Public Health Barbara Rimer, Dean Julie MacMillan School of Education Bill MacDiarmid, Dean
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Duke University Eric Toone, Duke Innovation and E-ship Baker McKenzie Marc Paul Kevin O’Brien
KIPE BOT members Agnes Beane Amit Singh, CEO, Spectraforce Ping Fu, CEO, Geomagic North Carolina State University Ruben Carbonell, Professor and Director, William R. Kenan, Jr. Institute for Engineering, Technology and Science
Randy Avent, Professor & AVC for Research
Research Triangle Institute E. Wayne Holden, President Research Triangle Foundation Bob Geolas, President and CEO Dick Daugherty, Board Member Rex Healthcare David Strong, President
Regional Entrepreneurs Neal Fowler, CEO, Liquidia Bill Starling, CEO, Synecor Joe Davy, CEO, Buystand Jud Bowman, CEO, Appia Kimberly Jenkins, former Senior Advisor for Innovation and Entrepreneurship at Duke
Venture Capital Art Pappas, Pappas Ventures Steve Nelson, Wakefield Group Christy Schaffer, Venture Partner, Hatteras Bob Ingram, General Partner, Hatteras Venture Partners
Brent Jones, Northgate Capital Charles Merritt, founder, Parish Capital Government Governor Beverly Perdue Don Hobart, Chief Advisor for Business & Economic Development, Office of Governor Perdue
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