minutes of the brown university community council (bucc ......biomedical innovations to impact...

Minutes of the Brown University Community Council (BUCC) Meeting

Tuesday, November 13, 2018 4:00 – 5:30 p.m.

Members: President Paxson, Provost Locke, Russell Carey, Cass Cliatt, Eric Estes, Kayla Rosen, Matthew Harrison, Alla Hassan, Justin Izzo, Jung-Eun Lee, Evelyn Lincoln, Matthew McGarrell, Claire Heiden, Shanze Tahir, Nathan Blouin, Robert Kashow, Alastair Tulloch, Peter Mattson, Chloe Zimmerman, Heather Cole, Aixa Kidd, Joanne McEvoy, Linda Welsh, Olajumoke Akinsulire, Lauren Allister, Guy Sanchez were in attendance. Erin DeBobes, Sarah Besky, Rachel Cassidy, Shipra Vaishnava, Jee Won Kang, Anuj Krishnamurthy, Rachael Schmidt, Shayna Kessel, Michelle Nuey, and Thanos Chaltas were unable to attend. President Paxson spoke about the campus climate surveys that are being administered and the importance of participating and providing feedback. She highlighted the involvement of graduate students in the review process for the new graduate student grievance procedures that were recently adopted by the faculty. She discussed the Harvard admission case and confirmed Brown’s firm support for the use of holistic admissions in which race is one of many factors considered when deciding whether to offer an applicant admission to Brown. Logan Powell, Dean of Admission, presented admission statistics and trends at Brown. He noted the role of the common application and Brown’s need blind admission policy in the growth of applications over the past several years. Also during this time, Brown’s admit rates have dropped and yields have gained. Mr. Powell attributed much of the 20% increase in the class of 2023 early decision applicant pool over last year to The Brown Promise initiative, which beginning in 2018-19 replaces loans with scholarship funds in all University-packaged undergraduate financial awards. He reported that the number of applicants who indicated an interest in applying for financial aid increased by 11% over last year. Mr. Powell shared a number of recent admission office policy changes including: a doubling of travel grants for low-income students; an automatic waive of application fees for low-income students; an additional ADOCH session; the inclusion of early decision admits in ADOCH; launch of a new website; pay for tour guides and information session student leaders; and formation of a working group on access for first-gen and low-income students. Daniel Behr, Executive Director of the Office of Industry Engagement and Commercial Venturing (IECV), reviewed the mission of IECV: to unleash the impact of Brown's research by encouraging and facilitating the evolution of Brown's discoveries and inventions into know-how, products and services with societal and economic value. He explained that the IECV Office supports the mission through its three programmatic pillars: commercial venturing, industry engagement, and translational development. Through commercial venturing, the Office partners with Brown researchers to determine the market relevance of their discoveries, then forges the best strategy for transitioning from idea to impact. For industry engagement, the Office builds strategic relationships with industry focused on research collaborations aimed at spawning innovations of commercial interest to its company partners. For translational development, it provides and manages translational development capabilities to help solidify proof of technical feasibility and of commercial relevance. Mr. Behr highlighted the Brown Biomedical Innovations to Impact (BBII), a translational commercial development program. The BBII manages an academic accelerator fund dedicated to supporting academic biomedical technologies to become well-defined product opportunities. The next meeting of the Brown University Community Council will be held on Wednesday, March 20 from 4:00 – 5:30 pm in the Stephen Robert ’62 Campus Center, Kasper Multipurpose Room. Respectfully submitted, Catherine Pincince Secretary of the Brown University Community Council

Brown University Community Council Tuesday, November 13, 2018

4:00 – 5:30 pm Stephen Robert ’62 Campus Center, Kasper Multipurpose Room

Agenda

1. Approval of Minutes of October 9, 2018 Meeting

2. Updates from the Office of Admission

Logan Powell

3. Overview of the Office of Industry Engagement & Commercial Venturing Daniel Behr

4. Open Time for University Community Members to Present Broad Campus Issues

to the Council

Brown University Community Council

November 2018

Logan PowellDean of Admission

Applications/Admits/Matrics: Classes of 1973-2022

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1973

1974

1975

1976

1977

1978

1979

198

019

81

198

219

83

198

419

85

198

619

87

198

819

89

199

019

91

199

219

93

199

419

95

199

619

97

199

819

99

200

020

01

200

220

03

200

420

05

200

620

07

200

820

09

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Applications Admits Matrics

Early Decision - 2006

Brown Promise - 2022

Common Application - 2013

Need blind admission policy - 2007

Admit Rates Over Time11%

9% 9%

10%

9% 9%

8%

9%

8%

7%

0%

2%

4%

6%

8%

10%

12%

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Ad

mit

Rat

e

Class Year

Yield Over Time (as of May 1)

58.10%58.70%

56.20%55.80%

58.60%

61.20%

53.00%

54.00%

55.00%

56.00%

57.00%

58.00%

59.00%

60.00%

61.00%

62.00%

Class of 2017 Class of 2018 Class of 2019 Class of 2020 Class of 2021 Class of 2022

3,089 3,040 3,030 3,186

3,501

4,196

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2018 2019 2020 2021 2022 2023

Early Decision Applications: Classes 2018-2023

Class Year

App

. Vol

ume

(+5%)(+10%)

(+20%)

Early Decision Applications by Region: Classes 2018-2023

243 240 229 233208

298

392 408 417443

521

622

355 358379 379

422

514459

513479

525

608

744

0

100

200

300

400

500

600

700

800

2018 2019 2020 2021 2022 2023

App

licat

ion

Vol

ume

Mid West California South International

(+22%)

(+19%)

(+22%)

(+43%)

Early Decision Applications by Financial Aid: Classes 2018-2023

1624 1555 1502

1705

2015

2229

0

500

1000

1500

2000

2500

2018 2019 2020 2021 2022 2023

App

licat

ion

Vol

ume

Financial Aid

(+11%)

Recent Admission Office Policy Changes

Double Travel Grants for Low-Income Students

Two ADOCH programs; invite Early Decision Admits

Automatically Waive Application Fees for Low-Income Students

Creation of a Financial Aid Brochure

New Website v.1.0

Tour Guides and Information Session Student Leaders will be paid – starting Spring 2019

Working Group on Access for First-Gen and Low-Income Students

OFFICE OF INDUSTRY ENGAGEMENT AND COMMERCIAL VENTURINGUNLEASHING THE IMPACT OF BROWN’S RESEARCH

OVERVIEW FOR BUCC - NOVEMBER 13, 2018Daniel Behr, Executive Director

About Daniel Behr

Industry Engagement& Commercial Venturing

Lab to MarketBench to BedsideIdea to Impact

COMMERCIALIZING EARLY-STAGE INNOVATIONS

STARTUPSVENTURE

INVESTING

UNIVERSITYLAB-TO-MARKET

DEVELOPMENT

• SLIPS Technologies• Rediscovery Life Sciences• Arradiance• Compact Instruments• IN USA

• BridgeGap Ventures• Allied Minds• Seed Partners

• Brown• Harvard• UMass

The Office of Industry Engagement &Commercial Venturing (IECV)


Supports the evolution of Brown discoveries, innovations & know-how into products and services with societal and commercial impact

thus helping to fulfill Brown’s IMPACT-driven mission

IndustryPartners

Connecting Brown with the Commercial Ecosystem

VentureInvestors

Entrepreneurs

Brown’sFaculty& StudentBrain-trust

Brown’sDiscoveries,Know-How& Inventions


Office ofIndustry Engagement

& Commercial Venturing

The Idea-to-Impact (i2i) Gap

IECV’s Goal: Bridge the Gap


The 3 Pillars of the IECV Program


Commercial Venturing

Translational Development

Industry Engagement

Supported by a practical IP strategyand a user-friendly transactional approach

IMPACT

Translational Development

(Establish technical & commercial relevance)

Partner with existing company

Create a startup company


Why the 3 Pillars?

IDEA

Commercial venturingQ1: Does the innovation enable a solution to an unmet need?

Validatethe Unmet Need

• What problem needs to be solved?

• Why does solving it matter?

• How big is the need and the potential opportunity?

Define the Solution and its Value Proposition

• What product or service will be offered as a solution?

• Who will buy it and what is the buying decision process?

• Why will it be readily adopted in the marketplace?

Create a SustainableCommercial Model

• How will the solution be deployed and scaled?

• What are its meaningful advantages (including IP) vs. alternatives?

• What resources and funding are required for success?

Adapted from Brown’s Nelson Center for EntrepreneurshipIndustry Engagement

& Commercial Venturing

Bonus: This process enhances the ENTREPRENEURIAL ACUMEN of Brown’s researchers

Industry EngagementStrategic partnerships that go beyond one-off projects


Focus on industry partner’sunmet innovation needs

Engage in research collaborationsto spawn ideas & innovations

• Taps broadly into Brown’s “brain-trust” (researchers & students)• Reaches beyond what’s on the table or already published• Connects companies to students for recruiting• Companies can leverage other assets at Brown

• Nelson Center for Entrepreneurship• School of Professional Studies

Innovations enable real-worldproducts for industry partner

IMPACT!

The Translational Development Gap


Ready to cross the gap and be taken up by industry or funded

as startups

Translational Development Target:

Commercially promising innovations stuck

in the “valley of death” gap

Not commercially viable or relevant to

marketplace

Innovations from academic

and clinical research

institutions

U.S. research universities such as Brown continue to lead the world in generating innovations. Many of these are commercially viable but stuck in the “valley of death” gap.

Translational Development at Brown


Brown Biomedical Innovations Inc (BBII):• $8M “product accelerator” fund focused on biomedical / human health

innovations

• Soft-launch in early 2017 - 2 projects underway

• Fully operational launch underway in Fall 2018

• Jointly operated by IECV and Brown’s Warren Alpert Medical School

Future: create similar program for physical and computational sciences?

Examples of impact from Brown’s research


• Medley Genomics - precision oncology startup• Techstyles - smart building material• Optimization algorithm (logistics)• Antibody for lung cancer• Cellintec - immune system status

More Mature• BodyLabs - 3D body model startup - (acquired for $50M by Amazon Q3’17)• Rudolf - technology to measure semiconductor thin films• Tivorsan - DMD therapeutic (close to IND) • Spectra - technology for bank note authentication • Audax Medical - orthopedic nanomaterials for bone and soft tissue regeneration

In the Pipeline• Pediatric malaria vaccine• Oral delivery of protein drugs• Scalable tissue fabrication• Small molecule for idiopathic pulmonary fibrosis• Baby Cry - diagnostic for NAS

U.S. research universities


$800M-$1B ~$500M $150-$200M

U.S. research universities


190 $65B

62% Federal

7% Industry

P.S.: Brown is only at 1.9%

U.S. research universities: innovation


16,000 patent applications

annually

Streptomycin antibiotic (Rutgers)

Laser cataract surgery (UCLA)

Search algorithm(Stanford)

Sports drink(U of Florida)

U.S. research universities: economic impact


$2.5BLicensing Income 20,000

Active Licenses

($125K/license)

$125BAnnual commercial

sales based on university innovations

The rare, unpredictable, highly desirable unicorns


>$1B $336M(sale of stock)

~$750M ~$250M

Brown: Innovation Built on STEM + Liberal Arts


Innovation for theHuman Context

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