2014 Annual Report

ECONOMICDEVELOPMENTUniversity of Missouri

EconomicDevelopment.Missouri.edu 410 S. 6th St., Columbia, MO 65211

573-882-3087

2014 Annual Report

EconomicDevelopment.Missouri.eduAttracting Companies - Impacting Public Policy - Improving Quality of Life

Steve Wyatt, J.D., MBAAssociate Vice Chancellor & Vice Provost for Economic DevelopmentUniversity of Missouri

ECONOMICDEVELOPMENTUniversity of Missouri

Greetings from the MU Office of Economic Development!

The University of Missouri’s (MU) Economic Development mission is to be a recognized leader for its ease of engagement and ability to leverage its assets and resources. There have been a lot of changes at MU over the last couple of years. Planning is now guided by a strategic operating plan that steers the difficult decisions based on resource allocation and

redistribution. Improved processes in facilitating effective university-community interactions, bringing technology to market and supporting innovation are being established. New programs like the University of Missouri Faculty Entrepreneur Workshop Series are being developed. We are striving to strategically market and communicate the benefits of doing business with the University, both internally to entrepreneurial-focused faculty and students, and externally to business and industry. We’re beginning to collaborate across campuses, sharing best practices and celebrating successes. Inside you’ll find examples of the businesses we attract, the relationships we continue to foster and the impact MU is having on the economies of our city, nation and world. Our message is clear: MU is open for business! Take a look and, as always, feel free to contact our office with comments, questions or ideas.

Role of MU Economic Development

1 BUSINESS ATTRACTION --------------------------------------------------------------------Collaborates with Economic Development organizations to attract mid-to large corporations and businesses to the state and supports their ongoing needs.

2 WORKFORCE---------------------------------------------------------------------------Ensures that Mizzou can meet the workforce needs of business and industry as well as provide continuing education opportunities to the private sector.

3 SUPPORT FOR EXISTING BUSINESS--------------------------------------------------------------------------- Provides guidance on business opportunities and resources available at the university, and supports new or expanding businesses in the state.

4 RESEARCH AND POLICY / COLLABORATION--------------------------------------------------------------------------- Fosters original discovery, creativity, innovation and scholarship at Mizzou, and conveys the university’s strategic contributions to the vitality and growth of the state and regional economies. Builds partnerships and cooperative agreements.

5 COMMERCIALIZATION AND TECH TRANSFER--------------------------------------------------------------------------- Identifies, assesses, protects and markets commercially viable intellectual property developed at MU; then facilitates the commercialization of IP.

6 COMMUNICATION / BUSINESS AND ENTREPRENEURIAL SUCCESS--------------------------------------------------------------------------- Promotes the business and entrepreneurial success of faculty, staff and students while articulating the benefits of having access to the assets and resources of a premier research university to its stakeholders.

7 QUALITY OF LIFE--------------------------------------------------------------------------- Promotes the breadth and depth of medical support and quality of life benefits that are offered to Missouri residents because of MU.

MU’S 5-Point Plan: Economic Development

1 MULTI-CAMPUS COLLABORATION ---------------------------------------------------------------------------Encourage collaboration within the University of Missouri System to foster the development and sharing of ideas and resources, maximizing institutional return.

2 FOSTERING ENTREPRENEURSHIP ---------------------------------------------------------------------------Offer grants to assist students in taking an entrepreneurship course of study and fund a new program focused on faculty entrepreneurial education on all four UM system campuses.

3 REVISING INTELLECTUAL PROPERTY POLICY --------------------------------------------------------------------------- Amend Intellectual Property policy regarding industry-sponsored research to be more flexible and adaptive for mutually beneficial collaborations.

4 RECOGNITION --------------------------------------------------------------------------- Develop a reward system for researchers that have market success for their products.

5 BORROWING GOOD IDEAS --------------------------------------------------------------------------- Look to other universities for innovative ideas.

Did you know? Missouri was one of only six states to receive a $20 million grant from the National Science Foundation to research climate variability and its impact. Dr. John Walker will study improving the capacity of plants and crops to adapt to climate variability.

Did you know? A 3D force microscope, developed by Dr. Gavin King and other MU researchers to study membrane proteins and their cellular level interaction, could lead to faster drug therapies.

Business Attraction

NORTHWEST MEDICAL ISOTOPES---------------------------------------------------------------------------

Headquarters: Oregon• CEO: Nick Fowler• Columbia Plan: Develop a radioisotope • production facilityLocation: Discovery Ridge Research Park• Estimated completion: 2016• Capital investment: $50 million• Job creation: 68 new jobs •

Purpose of facility: The facility will make • molybdenum-99, an isotope that is used by radio pharmacies to produce technetium-99m, which is used in nuclear imaging studies, including medical diagnostic tests for heart, bone and kidney disease as well as “When it is operating at • full capacity, the new facility will be able to meet 50 percent of demand in North America for molybdenum-99, • the company said.

BIOPHARMA SERVICES INC.---------------------------------------------------------------------------- --------------------------------------------------------------------------

Headquarters: Toronto• CEO: Renzo DiCarlo• Columbia Plan: Expand BioPharma’s Clinical • Operations into the United States Location: 300 Portland St.• Capacity: Currently 9,000 square feet but expandable • to 24,000Completion: 2014• Purpose of facility: Phase 1 Clinical Trial site•

BioPharma specializes in the conduct of Phase I/IIa clinical trials, including FIM trials, BE studies and Bioanalysis, for international pharmaceutical and biotech companies from US, Canada, Australia and Europe.

Workforce

MU GRADUATION RATES--------------------------------------

45.9%Four-year State average: 30.3%National average: 31.9%

Among all of Missouri’s public universities, MU grants 26% of bachelor’s degrees, 24% of master’s degrees, 36% of first-professional degrees and 60% of doctoral degrees. Roughly one out of every three degrees is awarded in a math, engineering, technology or other science field. MU now offers an Entrepreneurship Minor. There were 13 minor degrees awarded in the Spring of 2014.

4.2 years Graduation average

70% Six-yearState average: 53.9%National average: 56.6%

8,238Degrees granted in 2012-2013

University of Missouri Extension’s Business Development Program reports the following economic successes:

Support for Existing Business

Return per $1 invested$102

2011 - 2013Economic impact valued at $2 billion• Creation/retention of 30,383 jobs• $666 million increase in sales• $16.8 million in research rewards• $608.2 million in government contracts• $661.9 million in new investments•

IMPACT

Urban Impact

MU’S INVESTMENT IN Kansas City: AN ONGOING COLLABORATION--------------------------------------------------------------------------- MU will continue to engage with the greater Kansas City area by enhancing the online and distance education opportunities, collaborating with businesses, and supporting the Kansas City economic development organizations, such as the Kansas City Area Life Sciences Institute. Training top talent and developing innovations is core to MU’s statewide mission. There is a commitment to continue to bring the assets and resources of this research university to the urban areas.

Some examples of our continuing engagement include:

Articulation agreements with Metropolitan • Community CollegeCollaboration with UMKC• Active recruitment of KC area high school students • to MUIntegration of Missouri College Advising Core in 11 • KC area high schoolsOversight of four charter schools• Better service to the KC area by closing the Mizzou • Center and realigning and optimizing its strategic programming 75 government contracts (over $36 million and 700 • jobs) obtained with MPTAC’s assistance$1.5 million in contracts managed and 73 • improvement projects implemented by The University Extension Trade Adjustment Assistance Center Expansion of MU Extension into the KC River • Market district

“Our commitment to eastern Jackson County and the greater Kansas City area will continue as we look for new ways to provide programming that meets the needs of residents living in the state’s urban areas.”

- Michael Ouart, Vice Chancellor for Extension at MU

FOUNDER---------------------------------------------------------------------------Kevin Lustig

COLLABORATOR---------------------------------------------------------------------------Wayne Carter, CEO of Kansas City Area Life Sciences Institute and 10 regional institutions and universities

DESCRIPTION---------------------------------------------------------------------------Assay Depot is a partnership to build an academic Research Exchange for use by scientists at ten leading research hospitals, institutes and universities in the Midwest. Research Exchanges are powerful relationship management systems that help scientists collaborate internally and provide on-demand access to a global network of external research partners. The mission is to foster innovative research by connecting scientists to one another and to the wealth of external resources available in the biological sciences today.

INSTITUTIONS INVOLVED--------------------------------------------------------------------------- University of Missouri • University of Kansas • Kansas State University • Kansas City University of Medicine and Biosciences • University of Kansas Medical Center Saint Luke’s Health System • Truman Medical Centers Children’s Mercy Hospitals and Clinics • MRIGlobal KCALSI

Research and Policy / Collaboration Commercialization and Tech Transfer

Did you know? A grant of ~$1 million was provided to MU Informatics expert Dr. Greg Alexander to determine the correlation between IT protocol and the quality of care in nursing homes.

36 Total # of U.S. patents issued in FY2014

30 Total # of licenses

and options executed in FY2014

107 Total # of U.S.

technology patent applications

filed in FY2014

$10.2+

million in gross licensing

revenue in FY2014

236 Total # of NDAs

executed in FY2014

322 Total # of MTAs

executed in FY2014

577 Total # of U.S. patents filed

since 2008

85 Total # of invention

disclosures in FY2014

291 Total # of licenses

for new technologies signed since 2008

BY THE NUMBERS

Commercialization and Tech Transfer Communication / Business and Entrepreneurial Success

ENTREPRENEURIAL RECOGNITION BREAKFAST---------------------------------------------------------------------------

At the first annual event, members of the Mizzou community – faculty, staff and students – who embody the entrepreneurial spirit as innovators, inventors, pioneers and achievers were recognized for their individual and group achievements and the valuable benefits they have brought to the University as a whole.

When: May 1, 2014 •

Location: Reynolds Alumni Center •

Speakers: • - Chancellor R. Bowen Loftin - Hank Foley, Senior Vice Chancellor for Research & Graduate Studies - Steve Wyatt, Vice Provost for Economic Development

Successes• - Dr. Cathy Cutler & Dr. Chi-Ren Shyu receive 2013 Mizzou Advantage Entrepreneurial Awards - Zach Beattie received the 2014 UM System Student Entrepreneurial Award for his two start-ups: - Quirks Consignment Store - Safe Trek Mobile Security

Photograph by Nick Benner

Quality of Life

Did you know?

The MU School of Medicine is utilizing •models generated in the College of Engineering’s 3-D Printing Lab to prepare for surgeries. For example, Dr. Craig Kuhns uses 3-D models to help him plan where to place screws and rods when operating on irregularities, such as abnormal curvature of the spine.

Dr. Frank Booth and his MU research •team are using rats to study the correlation between a genetic pre-disposition toward exercise and increased mental development.

Sensors are being utilized by MU •researchers to monitor and sync the health information of patients between their homes and hospitals, allowing for better patient care and saving money.

Dr. Aaron Gray and Dr. Marjorie Skubic •created a diagnostic tool using motion-sensors and an Xbox Kinect to identify females at risk for ACL injury.

Promotes the breadth and depth of medical support, fine arts, and the economic impact of MU hosted events that are offered to Missouri residents.

An economic impact study of MU athletics in Columbia conducted through the College of Business found that MU athletic events had a total economic impact of just more than $247.1 million last year. Direct spending, which includes restaurant tabs, hotel stays and tickets sales was estimated to be about $142.1 million.

SOURCES

Company to build radioisotope production facility at Discovery Ridge. Columbia Daily Tribune, 2014. Print.

Digital Portal Links KC Researchers, Industry Partners. MU Department of Economic Development, 2014. Web.

Economic Impact. Missouri Business Development Program, 2014. Web.

Entrepreneurial Recognition Breakfast Program. MU Department of Economic Development, 2014. Print.

Hank Foley, The Man with the Plan. MU Department of Economic Development, 2014. Web.

Making an Impact. The Magazine of the Mizzou Alumni Association, 2014. Web.

MU 2014 KCALSI Annual Dinner PowerPoint. KCALSI, 2014. PowerPoint.

MU entrepreneurs and inventors recognized at inaugural event. Mizzou Weekly, 2014. Web.

MU Extension Business Development Program, 2014.

MU Office of Technology Management and Industry Relations, 2014.

REDI Annual Report. REDI, 2014. Print.

Tulane Cardiovascular Researcher Named School of Medicine Dean. University of Missouri School of Medicine, 2014. Web.

What can Mizzou do for You? The Mizzou Advantage, 2014. Print.

ECONOMICDEVELOPMENTUniversity of Missouri