STAR Park – STAR One Science, Technology and Advanced Research A member of The Texas State University System.

STAR Park – STAR One

Science, Technology and Advanced Research

A member of The Texas State University System

Return OnInvestment

CommercializationBusiness Incubation

ProductsServices

CommercialEnterprise

TechnologyDevelopment

ResearchIntellectual

PropertyDiscovery

© 2003 Arizona Board of Regents

Role of Research Parks In Innovation

The Innovation Continuum

Role of Research Parks In Innovation

Role of Research Parks In Innovation

Enhance technology transfer from University to the

marketplace

Increase interaction between companies & the

University

Promote entrepreneurship & innovation

Provide meaningful employment experiences through

internships & co-ops

Role of Research Parks In Innovation

Increase career opportunities students & graduates

Provide launch pad for startups and landing pad for

technologies commercialized from the University

Create critical mass of innovation based companies

Promote knowledge and technology based economic

development

Research Park Stakeholders

University– Institution– Faculty/staff

– Students

Business/industry– Collaboration opportunities

– Student recruitment

Alumni and Donors

State

Community

Unique Nature of Research Parks

Entrance criteria

Collaborative environment

Covenants, Conditions & Restrictions

Design standards

Time frame: not a real estate asset

Research Park Benefits

Attraction & retention of faculty

Source of Adjunct Faculty

Exposes Faculty to current business practices

Increased business collaborations

Increased opportunity for private sector grants

Research Park Development Timeframes

Challenge: managing expectations Build out 20+ year horizon University of Nebraska Technology Park

4 1993 land assembled

4 1996 ground broken for incubator: 4 firms/10

employees

4 2003: 12 firms/500 employees

4 2012: 19 firms/2,920 employees

STAR Park Business Model

Technology Business Incubator anchor

Multi-tenant/Accelerator building

University free standing facilities

Free standing single tenant buildings

Focal point in area market for innovation driven

businesses

Research Park Market Segments

Startup and growth stage companies

4 Faculty

4 Students

4 Community

Firms with existing University relationships

Firms seeking University collaborations

New business locations without previous University or

community association

Park Development StrategiesStartup & Growth Stage Firms

New faculty orientation

Create model path: discovery – market

Outreach to Colleges, Departments, Centers & faculty

Integration Technology Commercialization activities

Assistance in accessing specialized funding opportunities

(SBIR/STTR, NIST Innovation Corps., etc.)

Integration donor cultivation & alumni involvement

Park Development StrategiesStartup & Growth Stage Firms

Assist firms in accessing finance options

Engagement with regional angel investors & venture

funds

Explore development of local angel fund

Pursue creation of a proof of concept fund

Park Development StrategiesEstablished Firms

Current business collaborations

Prospective business collaborations

Alumni/donors

Business members of advisory committees

Park Development StrategiesNew Business Attraction

Seamless collaboration with community economic

development organization

– Integration of materials

– Cross links

– Park financial contributor & member of EDC team

Integration with regional & State economic

development organizations

Park Development StrategiesNew Business Attraction

Targeted marketing efforts

– Materials science

– IT/Software

– Local/regional/state target industries

International business development

– Explore Soft Landings designation

STAR Park 3055 Hunter Rd.

San Marcos, Texas

November 2012

STAR One Reception Area

STAR One Conference Room

STAR One Collaboration Room

STAR One Wet Labs

Stephen Frayser, MBA

Executive Director

STAR Park

Texas State University – San Marcos

3055 Hunter Road

mail: 601 University Dr. JCK Box 35

San Marcos, TX 786566-4684

Direct: ( 512) 245-6434

Main: (512) 245-7827

Cell: (512) 417-6331

E-mail: [email protected]