AND THE MEANING OF PURDUE GENETICS “LAND GRANT” Polytechnic Institute...Learning and Management...

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…discover and apply new knowledge, and

to engage collaborating with the citizens

of Indiana to improve our economy, our

culture and overall quality of life. Source: Purdue University System Mission Statement May 15, 2013

PURDUE GENETICSAND THE MEANING OF

“LAND GRANT”

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DISCOVERY WITH DELIVERY

THE UNIVERSITY

ENTREPRENERURIAL ECOSYSTEM

“IF YOU CAN’TEXPLAIN IT SIMPLY,

YOU DON’TUNDERSTANDIT WELL ENOUGH.”

- A. Einstein

Funds To

Do ResearchInvention

Protection

ActualizationSocietal

Impact

Reward

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GOVERNMENT

SPONSORS

MAJOR GIFT

SOURCES

CORPORATE

SPONSORS

Regenstrief Foundation

FUNDS

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PURDUE’S IP POLICY UNPRECEDENTED FLEXIBILITY

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INVENTIONDELIBERATE INNOVATION…

SOLVE A PROBLEM THAT MATTERS

Centers for…- Cyber

- Materials

- Advanced Computing

- Oncology

- Regenstrief

Faculty Projects Student Capstone

Projects

Discovery Park…

a place for cross

discipline creation

Funds

Invention

ActualizationSocietal

Impact

Reward Protection

Discovery Park

DIFFs

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DIFFSDELIBERATE INNOVATION FOR FACULTY

“COMPANY HUNTERS”

Identify

Opportunity

Technologies/Areas

De-Risk DefineDetermineBest Research

Direction

Investor Ready First Product/

Customer

Develop

Value

Proposition

Startup

“Shots on Goal”

Lonnie BentleyProfessor of Computer &

Information Technology

Ernesto MarineroProfessor of

Engineering Practice

Materials Engineering

Eric DietzProfessor of

Computer &

Information

Technology

Cliff JohnstonProfessor of Soil

Chemistry

Crop, Soil &

Environmental

Sciences

Matthew LynallClinical Associate

Professor

Director of Experiential

Learning and

Management Consulting

Riyi ShiProfessor of

Neurosciences,

Basic Medical Sciences

Jess Lowenberg-

DeBoerProfessor of Ag Econ,

Associate Dean and

Director of International

Programs

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DISCOVERY PARK

Burton D. Morgan Center for Entrepreneurship

Birck Nanotechnology Center

Gerald D. and Edna E. Mann Hall

Bindley Bioscience Center

Hall for Discovery and Learning Research

• Bindley Bioscience Center

• Birck Nanotechnology Center

• Burton D. Morgan Center for Entrepreneurship

• Center for Drug Discovery

• Discovery Learning Research Center

• Global Sustainability at Purdue

• Center for the Environment

• Energy Center

• Purdue Climate Change Research Center

• Center for Global Food Security

• Water Community

• ACCESS: Advanced Computational Center for Engineering and Sciences

• Cyber Center

• Rosen Center for Advanced Computing (ITaP)

• Oncological Sciences Center

• Regenstrief Center for Healthcare Engineering

Center for Drug Discovery

OBJECTIVES

• Rapid easy disclosure (24/7 online)

• Timely accurate triage and selection (6 months)

• Strongest patents at lowest cost (60% cost )

Disclosure Analysis Selection for Protection (Y) Filing Patent Issued

(N)ReconveyanceOffered

Societal Need

PatentabilityElectronic

24/7

PROTECTIONPURDUE #16 AMONG WORLDWIDE

UNIVERSITIES IN PATENTS ISSUED

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Funds

Invention

Protection

ActualizationSocietal

Impact

Reward

284 ( 12%) 317 ( 12%) 178 ( 14%)

OBJECTIVES• Ease and speed

• Fastest route to significant markets

• Serve the technology

• Delight the client and market!

• Encourage follow on investment to the

university…

Create Awareness of Opportunity

- Media

- Websites

- Alumni

- Likely partners

Licensing

Corporate

- 106 corporate clients/year

Startups

- 40 startups/year (25 with IP)

ACTUALIZATIONINVENT TO THE PROBLEM, IMAGINE

THE SOLUTION…FIND THE PARTNER

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Funds

Invention

Protection

ActualizationSocietal

Impact

Reward

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EARNED MEDIAMEDIA DRAWS COMPANY, INVESTORS,

ENTREPRENEURS AND STUDENTS

Media Impressions

FY 14 FY 15

300%

Increase5,904,901,504

18,000,000,000

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STARTUPS CORPORATE LICENSES

ACTUALIZATION

GROUND ZERO FOR ENTREPRENEURSHIP BURTON D. MORGAN CENTER

• Opportunity & Client Needs Assessment

• Education & Training

• Legal Assistance

• Corporate

• Immigration

• Funding Support & Grant Writing

• Technical Guidance

• Market Assessment & Marketing Business Planning

• Accounting & Finance

• Alumni Network Expertise & Mentoring

• Incubator Oversight

• Website & Web Training Tools

• Regulatory Guidance

• Community Network

FOUNDRY SUPPORT SERVICES

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OBJECTIVES

• All efforts to support success of technology

and enterprise

• Be prepared to retrieve stranded technology

Corporate

Encourage/facilitate

investment in

inventor labs to

support development

Startups

Foundry- Strategy

- Funding

- 1st customers

- Connections

- Community

Anvil- Students

MatchBox- Community

Asset

Research

Parks

- Incubator

Long-term

home

SOCIETAL IMPACTPURDUE RESEARCH PARKS NAMED

2014 INCUBATOR NETWORK OF THE YEAR!

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FundsInvention

Protection

ActualizationSocietal

Impact

Reward

License is only the beginning of the relationship!

Delight the client!

Makerspace

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A growing reputation for “getting it done”

to the benefit of our…

• Funders

• Faculty

• Students

• The World

Inventor Department Innovation

Fund

1/3 1/3 1/3Corporate

FundingAcknowledgement

that we didn’t just

“think it”, we “did it”

Faculty and

Students

REWARD

Funds

Invention

Protection

ActualizationSocietal

Impact

Reward

RoyaltiesFollow On

Investment Relevance Recruiting

DON’T BE DISTRACTED BY THE ROYALTIES…

Hoosier

Employment

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Have we served…

…the student?

…the faculty?

…the staff?

…our fellow man?

Not just by thinking, but executing on technologies that can

make us…

…healthier

…happier

…more productive

THE FINAL QUESTION