Alternative Revenue Sources to Fund Research Geoffrey S. Chatas Senior Vice President for Business and Finance and Chief Financial Officer.

Alternative Revenue Sources to Fund Research

Geoffrey S. Chatas Senior Vice President for Business and Finance

and Chief Financial Officer

Economic Development Forum: Local & Regional Stakeholders

Office of Research2

Research at The Ohio State University


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Research Across a Large UniversityTargeted Investments in Excellence (TIEs)

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A 5-year, $110 million investment targeting major global concernsthrough multidisciplinary work:

•Climate, Water, and Carbon•Mathematical Biosciences Institute•Public Health Preparedness Program•Center for Cosmology and Astro-particle Physics•Center for Clean, Sustainable Energy•Advanced Materials Initiative•Population and Health Initiative•Translational Plant Sciences Initiative•The Music Industry Program•Micro-RNA Project


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Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension

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• Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension

PovertyHunger

Health and disease

Climate change

Economicsystems

Industrialcompetition

Art andculture

Access to energy


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Collaboration Across Disciplines

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Food Innovation Center•Designing foods for health•Food safety•Biomedical nutrition/

disease prevention•Global food strategy

and policy

Finding Solutions to Global Challenges

Food Production and Security

Health and Wellness

Energy and the Environment

Photo courtesy of the Ohio State Medical Center

Discovery ThemesPhoto courtesy of the Ohio State Office of Energy and Environment

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Ohio Third Frontier ProgramOhio Third Frontier Program

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– 60+ Ohio State projects •60+ Ohio State

projects

•Facilities and laboratories

•Industry-university collaborations

•Product development


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The Ohio State University Industry Liaison Office

Accelerating Innovation…•Connections•Strategic Partnerships•Project Collaborations•Student Opportunities•Sponsored Research•Support Services•Opportunity Assessments

…building global leadership

“Partnerships with a Purpose”

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“Partnerships With a Purpose”

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“The Gateway” to Ohio State Innovation and Expertise

More than400 New

or Renewed Connections


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Ohio Research Industry Partnerships

More than340 Industry Partnerships

The number of industry partners are represented in each state

Ohio State is actively engaged in

more than 760 partnerships

with industries representing 40 states


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One example of a College investing in faculty research - Medicine

• The College of Medicine (COM) invests in its researchers via three programs– Equipment/Shared Resource Program

• Created to support the purchase/upgrade of shared equipment or the development and dissemination of innovative methodologies expanding Core use

• Applications are reviewed by COM Core Oversight Committee

• $475,000 have been awarded since FY10 to 16 researchers

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COM Research Investments

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– Bridge Funding Grant Program• Created to provide short-term bridge funding to faculty

with favorably reviewed but unfunded federal research– Goal: Support research that is likely to be federally funded– All applications are peer reviewed..– Since FY10, 13 researchers have received more than $780,000– 4 of these researchers have subsequently secured federal funding.

Enhancement of review process recently implemented to increase this success rate.

– Pilot Funding Grant Program• Recently created to fund preliminary data collection for

proposal development• First round of application due September 2012


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Technology, Commercialization, and Knowledge Transfer

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Capital

Industry Funding

Entrepreneurs

Excellent Faculty

Great Minds

Great economies are built around great universities, which attract:


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The Transformative Opportunity

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• Universities become the drivers

• Almost 85% of capital and companies stay within 50 miles of universities

Top 25 Large Metros: Forbes Best Places 2011


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The Transformative Opportunity

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So why do so many universities fail?

Less than 7% make over $20 million

What will it take to make OSU a driver?


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Cradle-to-Grave Manager for OSU Inventions

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• The Technology Commercialization Office (TCO) at Ohio State supports all phases of university technology commercialization and start-up development.


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TCO: Changing Our Industry Partnerships

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Idea Research/IP Protection

Industry Prototype Beta

Launch/Customers

Lab Prototype Growth

Product Development

Market Directed Research

Applied ResearchBasic Research

INSIGHT

Ideation$$

Ideation$$ Researchers

Companies

Students


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New Partnerships

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Identify strategic partners who can: • Enhance research

• Accelerate product development

• Increase impact

• Increase return on investment


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New Partnerships

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OSU-Battelle Innovation Center is a unique public/private partnership built to:

• Attract outside capital for R&D • Invest in and commercialize technology

breakthroughs• Educate and train the next generation of

entrepreneurs and translational scientists• Set a standard in commercialization leadership • Expedite product development and

prototyping


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Supporting Structures

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The Ohio State Innovation Foundation (OSIF) provides OSU with a structure for:

Investment in its most promising technologies and start-ups

Fund-raising and Education endowments

Partnerships to create and manage equity investments

Greater responsiveness and flexibility

Increased security for corporate partners


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Faculty Innovation Scorecard

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2012 2013 2014 Total Number of Patents

Number of Patents Issued in the Last Five Years

Number of Full Patent Applications Filled

Number of Start-Ups

Number of Licenses to Industry

Number of Licenses for Tangible PropertyNumber of Licenses for SoftwareNumber of MTAs on File

Number of Start-Ups that have Received SBIR/STTR Funding

Amount of SBIR/STR Funding Received Number of Start-Ups that have Received VC/Angel Funding

Amount of VC/Angel Funding

Number of Industry Sponsored Projects

Monetary Amount of Industry Sponsored Projects

Number of Projects with Clinicians with Governmental Funding

Monetary Amount Received from Government for Projects with Clinicians


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Challenges and Opportunities

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ChallengesFederal budgetFederal regulationsState budgetFaculty retirementsChange in focus of Ohio Third Frontier program

OpportunitiesCollaboration (big projects) across collegesIndustry downsizing in-house R&DMedical Center expansion and Nationwide Children's expansionCreation of office to pursue large grant opportunitiesInnovation opportunities with Battelle


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Questions and Discussion

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Thank you.

Alternative Revenue Sources to Fund Research Geoffrey S. Chatas Senior Vice President for Business and Finance and Chief Financial Officer.

Documents

economic development

state ohio state

ohio state office of

faculty research

ohio state innovation

energy slide

policy slide

fund research geoffrey