university of north carolina at chapel hill oced innovation seminar judith cone special assistant to...
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University of North Carolina at Chapel Hill OCED Innovation Seminar
Judith ConeSpecial Assistant to the Chancellor for Innovation & EntrepreneurshipInterim Vice Chancellor for Commercialization & Economic DevelopmentMembers of the OCED Team
November 5, 2015
WHY?
Impact
Methods: Carolina attracts the most talented faculty and students
Ideas and discoveries are leveraged and disseminated.
Classrooms, labs, and studios are incubators of discovery.
UNC is recognized globally as one of the most innovative
and entrepreneurial universities.
The world is significantly improved because of Carolina’s entrepreneurially minded faculty, students, and staff and their innovations.
Innovation Pipeline
Source: IPMC
R-Research D-Development
Industry80% of R&D $$
All: 301+ UNC Startups, with 262 still activeFunding (private investments, government contracts, loans): nearly $5.5B·
In North CarolinaA Major Force in the State’s Economy
Value to Faculty
Extend their scholarly work to improve people’s lives. Additional people to help them, take work off their plate. Save time and stress, remove friction in the system. Additional patent investment. Integration of resources for ease of use and cost savings. Business development unit added. Sound methodology behind the program. Enter into optimal licensing deals that will most effectively take
IP to market. Increase revenues back to university. Split 80% to inventors/units
40%/40%. University keeps 20%.
FITVISION/STRUCTURE
With a special focus on urgent challenges, innovators
and innovations launched at Carolina consistently
apply important ideas for a better world.
Vision
Strategy
MissionBe a place where innovators thrive.
For a state and world in need, who can help its citizens gain the resources they need? Who can address environmental concerns?
WaterPoverty Environment
The Challenges
What is the role of UNC-Chapel Hill as a global public research university in making the world a better place for all its citizens?
Health
About UNC-Chapel Hill’s Structure
Chancellor Carol Folt
VC Commerialization & Economic Development
Judith Cone (Bridge between Academics and Administration)
AcademicsProvost
James Dean
VC Research Barbara Entwisle
VC Student Affairs Winston Crisp
VC IT Chris Kielt
Administration
VC Admin & Finance Matt Fajack
VC Workforce Strategy
Felicia Washington
VC Development David Routh
VC General Council VC David Routh
VC Communication VC Joel Curran
Health Affairs VC William Roper
Athletics Director Bubba Cunningham
Carol FoltChancellor
Office of the Vice Chancellor for Commercialization & Economic DevelopmentThe University of North Carolina at Chapel Hill
Organizational ChartNovember 2015
*TDA: Technology Development Associate
Judith ConeVice Chancellor for Commercialization &
Economic Development
OpenCommunications
Judy WhitfordFinance
Honey BraswellAdministrative
Assistant
David HanksBusiness Officer
Peter LiaoTDA, Non-Life Science
OpenTDA*, Eshelman
Chance RainwaterTDA, Chemistry
OpenTDA*, Pharmacy
Kelly ParsonsSr. TDA*,
Life Science
Lisa HeimbachTDA*, Life Science
Bryant MooreDirector, Strategic
Partnerships
OpenDirector, Technology
Development
HoldDirector, Economic
Development
Yolanda PerryMTA Manager
Jennifer DeanPatent Manager
Doris PerryContracts
Ann ByasseeCompliance
Temporary Technology Dev Asst
Kristen MirekMTA Assistant
Kaye CarverPatent Assistant
Tim MartinAssistant Director,
Kickstart
Don RoseDirector, Startups
Jackie QuayDirector, Licensing & Innovation Support
OpenFunding Innovation &
Innovators
Michael KlineSr. TDA
Pathways to Impact
Office of Commercialization & Economic Development (OCED)
Internal Advocates, Pathways to Impact Guides, Startup Services
Strategic PartnershipsBridge between UNC and external resources
Innovation SupportTech Development
Economic DevelopmentNorth Carolina focus
Ideas to Use
NETWORK PARTNERS: Chancellor’s I&E Office · Offices of Research/Development/Communication · Carolina KickStart · 4D · Kenan Institute · CES · Unit I&E & Econ Dev Liaisons · Blackstone
Matrix Organization
Team-based Approach
Join Learn Translate Mentor Incubate Fund Converge
Align & Communicate
Putting important ideas to use
talent
climatesupport
Ecosystem
Network
Business School
Computer Science
Institute for Arts & Humanities
Digital Humanities
School of Medicine
School of Media & Journalism
Law
Education
Public Health
I&EOCED
Ctr for E’ial Studies
Chemistry
Launch Chapel Hill
Arts Eship
1789 Venture
Campus Y
Economics
Exercise & Sport Medicine
Applied Physical Science
Dentistry
Nursing
Kenan Institute
Reese News Lab
KickStart
CRVF
4D
Carolina Challenge
Pharmacy
Eshelman Institute
Pharmacy
Blackstone
Putting important ideas to usePutting important ideas o use
UNC Health Innovations
Social Work Middle Space
Ctr for Sustainable Enterprise
UNC Global
RESOURCES
FUNDAMENTALS
• APS• Biomedical engineering• Maker • Data literacy
Funding
GRANTS• KickStart Awards• OCED Awards• NC Idea• Bio Tech• SBIR/STTR• Strategic Partners• Competitions
EQUITY• CRVF $10M• Univ. Angel Network• Angels• VCs• Strategic Partners
Space
ON CAMPUS• Small unit-based spaces• CUBE• KickStart Labs (Kenan Labs)• Makerspace in Murray Hall
(open April 2016)
OFF CAMPUS• Launch Chapel Hill• 1789 Venture Lab• RTP Frontier for Blackstone HQs
• With 866 Licenses granted to date and 45 new licenses generated in FY14, UNC is actively commercializing technologies
• Life sciences technologies remain the mainstay of UNC’s commercial portfolio
• Licensees include research tools, pharma, biotech, device and diagnostics companies
• Life sciences companies have inherently long development cycles with limited near-term revenue potential and a high degree of risk on milestone payments
• Notable companies in “other” include Samsung Electronics, Co., Ltd., Evisions, Inc., and General Electric (GE)
UNC Licensing StrategyUNC Licensees Are Predominantly
Life Sciences
Life Sci-
ences / Health-
care84%
Other16%
Source: http://research.unc.edu/about/facts-rankings/research-funding/, Internal UNC data (All UNC Tech Transfer FY13-FY15)
Count of unique licensees FY13-FY15
The Vast Majority Of UNC Licensees Are Life Science Companies, Typically With Long Development Cycles
Tech Transfer Stats
Inventions4235Patents Filed2552
Patents Issue800Companies Started91
Licenses Granted872
STARTUPSDon Rose, PhD
Director Carolina KickStart
NEOCompany TAP
Start-upUniversity
Early-Stage Funding at Carolina
Research Technology Development
StartupLicensing
Product Development
Product Launch
Research Grants Pre-Seed Awards/Grants Seed Investments VC Series A, B
Investments
NSF/NIH Grants
$500k $2M $10M
Angel/Venture Capital
Funding Gap
Technology Development
&Pilot Grants
$25k - $50k
KickStartComm.Award
$250k
SBIRSTTR
NCBC Loans
CAN CRVF
STRATEGIC PARTNERSHIPSBryant M. Moore, PhD
Director
OCED Sits In A Larger Ecosystem Of Commercialization In North Carolina
Office Of Commercialization And Economic Development
UNC Efforts Promoting Commercialization
Carolina Commercialization Ecosystem
Tech Transfer
Venture Dev’t NCTraCS
Carolina Challenge
Launching The Venture
Individual School / Department
Programs
Kenan Institute
VCs
Local Industry
Local / State Government
Legal Counsel
Econ Dev’t
Research Triangle Park
*Center for Entrepreneurial Studies, Center for Innovation, Innovate @ Carolina, NC TraCS, the Cube
Strategic Partnerships
Market Landscape Framework & Strategic Partnership Alignment
STRATEGIC PARTNERSHIP OPPORTUNITEIS
MARKETS AND MARKET POTENTIAL
PRODUCTS AND SERVICES
APPLIED RESEARCH AND TECHNOLOGY
BASIC SCIENCE AND TECHNOLOGY
OCED’s Primary Focus UNC Research Primary Focus
There Is Opportunity To Partner With UNC At Every Stage Of Technology Development
Tech
nolo
gy M
atur
ity
Time & Investment
Discovery
Sponsored Basic
Research Sponsor UNC
faculty on research topic
with commercial potential
Development
Sponsored Tech
DevelopmentEstablish research agreements with
options to commercialize
Licensing
Licensing Opportunities
License out technologies ready for commercializing
through licensing agreements
16
Investment In Startups
Invest in UNC startups which have already initiated the
process of commercializing
technologies developed at the
institution
Investment
-Strategic Partnerships Primary Focus
-UNC Research Primary Focus