evans

Realizing an Impact from the Development of TechnologyThe Student /Innovators Burden: 

Realizing an Impact from the Development of Technology The Student /Innovators Burden National Conference on Graduate Student Leadership : St. Louis : 10/11/03 R. Scott Evans Department of Mechanical Engineering

Slide2: 

Technology has NO intrinsic value. But, wait… I’m an engineer and I’m supposed to create new technology!

Is THIS a problem?: 

Is THIS a problem? Tech. Development Education The needs, the value, the IMPACT What does education cover? Who & what will bridge the gap? The Big U Society

From Laboratory to Market…: 

From Laboratory to Market… Society University Admin. & Support Innovators Evaluation Commercialization Where are the ties to the community? Where are the educational opportunities? Where are the students? I’ve seen innovators who have realized an impact,where’s that here?

A Commercialization Community: 

A Commercialization Community OTC Technology      Commercial & Entrepreneurial      Commercialization & Creation Evaluation Entrepreneurship Commercial Potential Evaluation Process Facilitated by Cross Discipline Education with focuses in Commercial Evaluation, Entrepreneurship, Technology Transfer. Ready to License Incubate Ready to License Natural Sciences Engineering Communications Pharmacy Others Additional Research School of Law Office of Sponsored Projects Austin Technology Incubator IC2 The University of Texas at Austin Business School

The Educational Model (at UT): 

The Educational Model (at UT) Sponsors University Admin. & Support Innovators Idea to Product Competition Student Orgs. Moot Corp Entrepreneurs In Residence Tech. Forums Cross-Disc. Courses & Sems Evaluation Commercial ization Now the students themselves can connect technology to societal need.

Students started I2P and now…: 

Students started I2P and now… “The process of technology commercialization supports the education, research, and public service missions that we have as a University.” - Larry Faulkner President The University of Texas at Austin

Discussion Points: 

Discussion Points What should education include? What structures should exist? What obligation do innovators (esp. students) have in realizing an impact? Do Students have an obligation to learn about the connections between technology innovation and societal impact? Thank You, Donnie.

A Commercialization Story Students as a Transfer Vehicle: 

The University of Texas at Austin A Commercialization Story Students as a Transfer Vehicle 3D Printing of SiC MMC’s Ongoing Research (w/ many applications) Funding Requirements and Deadlines Student Led Teams Classroom Evaluation of Technology Technology Competitions Leadership in New Venture Creation Participation in Startup ALC, LLC. License from UT

Classwork and Competition: 

Classwork and Competition ME 397 – Enterprise of Technology Cross-disciplinary course in technology commercialization Student teams evaluate the commercial potential of real technologies Examples: Rat Contraceptives, Active Suspension Systems, Drug Delivery, Material Systems Idea to Product Competition 3rd year of competition 74 teams participating Examines a technology with the intent of identifying a product and associated market

The Result: 

The Result Student produced technology evaluation Additional grant funding from NCIIA Location of interested industrial partners Formation of a company Sponsoring of ongoing research Inventor stake in company Student participation as researchers and company officers The University of Texas at Austin

The Commercialization Pipeline: 

The Commercialization Pipeline

The Jolly Model: 

The Jolly Model (1) Imagine Envisioning an idea for a new technology and developing an understanding of market needs. (3) Incubate Define the commercial potential of the new technology idea. Refining the technology idea into a realizable commercial venture. (5) Demonstrate Developing the incubated technology into a product or process to be demonstrated in the context of the markets to be explored. (7) Promote Moving the demonstrated product or service into the marketplace for adoption by customers. Getting your first customer. (9) Sustain Growing the customer base of the product as production or offerings expand. Developing the product further to meet changing market needs.

Slide14: 

INTERESTING FACTS UT-Austin Campus Largest single-campus institution in the nation research-intensive science & engineering institution annual enrollment of 50,000+ students 25% of students enrolled in graduate and professional programs awards the greatest number of doctorate degrees of any university in the nation one of the widest selections of study areas among major universities in the U.S. students from all 50 states and about 120 foreign countries The University of Texas at Austin

Slide15: 

RESEARCH FUNDING UT-AUSTIN Sponsored research awards ≥ $350M Federal sources provide largest share of research funding = $184M  Industrial sponsorship = $31M (10% of research funding -- slightly higher than national average of 7.1%)   State funding = $50M Texas Advanced Research Program and Advanced Technology Program = $12M The University of Texas at Austin

Slide16: 

The University of Texas at Austin Sponsored Research Sources of Funding 1999-2000

The Vision: 

The University of Texas at Austin “To serve as a model for technology commercialization for public universities.” - Larry Faulkner President The University of Texas at Austin The Vision

Commercialization Players at UT: 

Commercialization Players at UT Business School School of Law Private Companies Office of Technology Commercialization Office of Sponsored Projects Government Agencies College of Natural Sciences College of Engineering College of Communications School of Pharmacy Venture Capitalists Austin Technology Incubator Angel Investors IC2 Intellectual Entrepreneurship Program The University of Texas at Austin

Bringing the Players Together: 

Bringing the Players Together Business School School of Law Private Companies Office of Technology Licensing Office of Sponsored Projects Government Agencies College of Natural Sciences College of Engineering College of Communications School of Pharmacy Venture Capitalists Austin Technology Incubator Angel Investors IC2 Intellectual Entrepreneurship Program Vice President for Research The University of Texas at Austin

The Austin Model: 

The Austin Model The University of Texas at Austin Academic Business Government Talent Technology Capital Know-How Community Market Needs Successful Value-Added Technology Innovation

Innovation, Creativity, CapitalThe IC2 Institute: 

Innovation, Creativity, Capital The IC2 Institute The University of Texas at Austin Founded with a mission to combine technology, entrepreneurship, and education to improve the world via economic wealth creation and prosperity sharing. Established two technology commercialization centers for NASA and one for the NOAA. Operates the Austin Technology Incubator Justin Morrill Award from the Technology Transfer Society and the Randall M. Whaley Incubator of the Year Award from the National Business Incubation Association. Only 2 UT-Austin technologies incubated out of 60 graduate companies Active strategic alliances with leading academic institutions in 25 nations

Partnerships: UT AustinAustin Technology Incubator: 

Partnerships: UT Austin Austin Technology Incubator The University of Texas at Austin Founded in 1989 to create wealth, generate jobs, diversify Austin’s economy, and be a learning laboratory for UT faculty, students, and staff First Director: Ms. Laura Kilcrease NBIA Incubator of the Year in 1994 Incubated incubators in Silicon Valley, Houston, and Charleston, SC International reputation by recruiting startups from Brazil, Israel, India, Canada, Australia, Japan History

Partnerships: UT AustinAustin Technology Incubator: 

Partnerships: UT Austin Austin Technology Incubator The University of Texas at Austin 110+ member companies over 10 years 65 graduate companies 22 current companies Four NBIA award-winning companies ATI companies have created 2,850 high paying jobs Business Creation

Partnerships: UT AustinAustin Technology Incubator: 

Partnerships: UT Austin Austin Technology Incubator The University of Texas at Austin Wealth Creation ATI companies generated $280M in 2000 revenues; $1.2B since 1989 Three graduates are public on Nasdaq: DTM, Concero, Encore Orthopedics Dozen graduates have been bought, including Metrowerks by Motorola for $95M, Evity by BMC for $100M, Exterprise by CommerceOne for $75M, DTM Corp. by 3D Systems Corp. for $45M Companies have raised > $300M in last three years

Office of Technology Commercialization: 

Office of Technology Commercialization Reports to the Associate Vice President for Research Mission: To support the education, research, and service missions of The University of Texas at Austin by facilitating the transfer and commercialization of the knowledge base of the university. The University of Texas at Austin

Office of Technology Commercialization: 

Technology Licensing Office founded in 1997. Growth in Licensing Revenue FY 00-01 $1.6 Million FY 01-02 $2.2 Million FY 02-03 $4.0 Million Newly active role in technology company spin-offs, over 50% of the 37 companies started with UT technology were started since 2000 The University of Texas at Austin Office of Technology Commercialization

Entrepreneurship Programming: 

Entrepreneurship Programming Murchison Chair of Free Enterprise (College of Engineering) Kelleher Center for Entrepreneurship Education (School of Business) IC2 Institute (Vice President for Research) Intellectual Entrepreneurship (Graduate School) Austin Technology Incubator Texas Alliance for Technology Commercialization (the Alliance) The University of Texas at Austin

Murchison Chair of Free Enterprise: 

Murchison Chair of Free Enterprise Mission: To create and nurture a culture of technology innovation, creativity, and leadership at The University of Texas at Austin and the global community that we serve. The University of Texas at Austin

Kelleher Center for Entrepreneurship Education: 

Kelleher Center for Entrepreneurship Education Mission: The Kelleher center and chair will add to existing programs at the Red McCombs School of Business, while creating a forum for successful entrepreneurs, students and faculty. Start-ups will not be the only area of focus. In the spirit of Southwest Airlines, the center will foster the application of entrepreneurship principles to companies of all sizes, spurring corporate growth and renewal. The University of Texas at Austin

Texas Alliance for Technology Commercialization: 

Texas Alliance for Technology Commercialization DEPARTMENT OF BIOMEDICAL ENGINEERING Office of Technology Licensing Clint W. Murchison Chair of Free Enterprise Office of Sponsored Projects The University of Texas at Austin

Entrepreneurship EducationThe College of Natural Sciences: 

The University of Texas at Austin Entrepreneurship Education The College of Natural Sciences

Entrepreneurship EducationCollege of Engineering: 

The University of Texas at Austin Entrepreneurship Education College of Engineering

Entrepreneurship EducationMcCombs School of Business: 

The University of Texas at Austin Entrepreneurship Education McCombs School of Business

Entrepreneurship EducationThe Graduate School: 

The University of Texas at Austin Entrepreneurship Education The Graduate School

Research and Product Development: 

The University of Texas at Austin Research and Product Development Idea Generation Basic Research Applied (Product) Research Production (Operations) Risk, Investment, Financial Reward Increasing

Jolly Model of Commercialization: 

The University of Texas at Austin Jolly Model of Commercialization

Value and The University: 

The University of Texas at Austin Value and The University How can the University move technology research further along the commercialization path to higher value points while furthering advancing our mission?

Traditional Process for Commercialization at UT-Austin: 

The University of Texas at Austin Traditional Process for Commercialization at UT-Austin

Meeting The University’s Mission?: 

Meeting The University’s Mission? Education? Research? Public Service? The University of Texas at Austin