Bryan Allinson Director Technology Transfer Office Ohio University Presentation to OU Foundation Board of Directors’ TECHNOLOGY COMMERCIALIZATION COMMITTEE TECHNOLOGY COMMERCIALIZATION COMMITTEE Lynn Gellermann Director Center for Entrepreneurship Ohio University
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Bryan Allinson Director Technology Transfer Office Ohio University Presentation to OU Foundation Board of Directors’ TECHNOLOGY COMMERCIALIZATION COMMITTEE.
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Bryan AllinsonDirector Technology Transfer OfficeOhio University
“The Ohio University Technology Transfer Office facilitates and accelerates the movement of technology out of the university and into the marketplace through a collaborative and problem solving approach, ‐providing validation, sustainability and improvements to society.”
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“The Vice President for Research division promotes Ohio University's research mission to advance excellence in the search for new information, knowledge, understanding and creative endeavors.”
Societal Benefits of Ohio TechnologySocietal Benefits of Ohio Technology(Selected products from existing licenses)(Selected products from existing licenses)
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Somavert®: Treating the cohort of 10,000 acromegaly (hyperthyroid) patients SEI: Better air quality, reduced toxin and carbon emissions
ABCDTM: Improved road conditions, verified for safety
FMW: Increased stability and support for military and commercial air travel
Thyretain®: Guiding therapy for thyroid conditions
• 40% of IP licensed• 12 active licenses and options
+ Active startup with commercial license agreement with equity (< 10 yrs)
• 3 active+ startups (as of July 12, 2010)
License Metrics
Startup Metrics
41 / 9 / 13
Asset Goals
• Marketable inventions• Unmarketable or unpatentable inventions• Disclosures
• Licenses• Industry partner discussions
• Startups• Development funding• Pool of serial entrepreneurs (EIRs, networks)
License Goals
Startup Goals
6 / 4 / 6
UserOne
Licenses:Pfizer, SEI, FMW, Diathegen I, Diathegen II, GlycoRx (o), Faradox (Nanohmics), Interthyr, Interthyr (o), DHI, EZ Asphalt, Green Bios[E3 in final stages, but not yet complete]Startups (with equity and comm. license)EZ Asphalt, Diathegen, Green Bios[No equity with Interthyr, E3 nearly complete]
Res
ourc
es A
vaila
ble
>
Basic Translational Applied Tech Transfer / Pre-seed Seed Early Mid Late Research Research Research Commercialization
< Public SectorFunding
Available
Private Sector >FundingAvailable
Tot
al V
alue
The “Gap”The “Gap”
Resource constrained
Develop demonstrated concept (research to deployment)
• Piloted academic and applied courses• Successful Oasis Business Plan Competition• Student Entrepreneur Club formed• TechGROWTH Ohio: Supporting OU and regional
tech-based business development• Collaboration with TTO• Groundbreaking of Entrepreneurship & Technology
Advisory services, executives-in-residence, grant support and seed-stage investment capital for technology firms
Over 2,000 applicants; 300 qualified clients; 150 active clients Grants of $2.6 million and investments of $1 million provided
to-date Leverage of State dollars is 7:1 Affiliate: East Central Ohio Tech Angel Fund (ECOTAF) Issue 1 approved by 62% of voters; Third Frontier program
renewed; more competitive funding coming available15
Entrepreneurial IP ActivityEntrepreneurial IP Activity
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Innovator Firm or Lab Field TTO/TGO Funding License Status Success
Bergmeier Promiliad Medical - Pharma - Antibiotic/MRSA P 412,747 Bose Medical - Pharma - Cancer PChoi Medical - Device 49,924 Hallowell Medical - Device 26,769 Kieliszewski Plant genetics PKohn, Goetz Interthyr Medical - Pharma L 2,257,930 Kopchick DiAthagen Medical - Pharma L 60,000 Scarbrough** Medical - Pharma/Device - Obesity P
SUBTOTAL 2, 4 2,807,370 Bayless, Stewart Algae Reactor Alternative Energy P 50,000
Botte E3 Technologies Alternative Energy - wastewater/fuel L 2,103,892 Kraft Energy conversion 50,000 Pasic Advanced Materials
SUBTOTAL 1, 1 2,203,892
Berger** Rythmatics Interactive digital media *Bowditch IVIN Interactive digital media PKim EZ Asphalt Transportation - asphalt testing L 148,604 Liu VITAL Lab Interactive digital media PSchaaf** Imgur Interactive digital media *Thompson, Perkins** Pantheon Studios Interactive digital media *Liu Digital Financial Literary Interactive digital media 900,000
SUBTOTAL 1, 2 1,048,604
19 12 12 4, 7 6,059,866
Sources of metrics:Promiliad: Ph II STTRChoi, Hallowell, Botte, Kraft: TechGap AwardInterthyr: Ph II STTR Nat'l Inst HealthDiathagen: Athenian VenturesBayless: Federal grantBotte: Dept of Defense federal earmarkKim: Federal Highway Administr. grantLiu: Albany NY Credit Union Assoc and sales
Shawn Osterman Associate Dean, College of Engineering & TechnologyHoward Dewald Associate Dean, College of Arts & SciencesJack Blazyk Associate Dean, College of Osteopathic MedicineEric Rothenbuhler Associate Dean, College of CommunicationsJen Horner Associate Dean, College of Health and Professional Services David Wight Director, Edison Biotechnology InstituteJennifer Simon Director, Innovation CenterKevin Aspegren Director, Applied Learning, Center for Entrepreneurship
* Proposed following RFI
Roles of BD Committee*Roles of BD Committee*
• Committee will – Communicate existing cross-university resources– Provide guidance on how to seek external resources– Communicate key metrics– Help address questions on current strategy and policy
• Committee will not– Make decisions on specific technologies– Make decisions on terms in contracts– Make financial decisions– Make strategy or policy decisions
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* Proposed following RFI
Example Company ProfilesExample Company Profiles• E3 Technologies
– Pioneering new OU Commercialization Processes– Electrolysis technology for energy conversion
• Promiliad– TGO early-stage funding for proof of concept validation– New antibiotics for drug-resistant bacteria
• IVIN 3D– First OU Licensing “option” to test startup viability– Building interior simulations in virtual gaming environment
• Pantheon Studios– First student spinout from OU’s Interactive Digital Media program– An interactive game-development and virtual animation company
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Projections: Projections: 2010 – 20112010 – 2011
Pre-seed investments in 2-4 OU tech companies
Grants to 5-8 OU tech companiesContinue generating external financial
leverageSeek 2-4 “angel” investmentsSeek first institutional venture capital
placement
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Projections: Projections: 2010 – 20112010 – 2011
CE assist TTO with market assessmentsExpand venture and business advisory
networksIncrease invention disclosuresIncrease licensesApply for new rounds of funding from Third
Frontier program – need matching $$$More human and investment capital
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Thank you!Thank you!Bryan Allinson, DirectorTechnology Transfer Office