Sponsored Programs Update, FY2010

Sponsored Programs Update, FY2010

September, 2010

David Reed

Outline

• Sponsored Program Awards, FY10• Research Expenditures, FY10• Intellectual Property, FY10• Michigan Tech Entrepreneurial Support Corporation

FY10 Sponsored Program Award Update

FY2010 Sponsored Program Award Update

• Awards for FY10 totaled $58.7 million, an increase of 11% over FY09.

• Federal awards increased 20% to $48.2 million, including $10.3 million of ARRA funding in FY10.

FY10 Sponsored Program Award Update

FY10 Sponsored Program Award Update

FY2010 UpdateResearch Expenditures

FY2010Research Expenditures

• Research expenditures for FY10 increased to $63.5 million, an increase of 5.1% over those of FY09.

• ARRA expenditures were $1,158,695; there are substantial ARRA funds that have been awarded, but not yet spent.

FY10 UpdateIntellectual Property

FY2010 UpdateIntellectual Property

• Licensing income in FY10 totaled $308,175, an decrease of 33% from FY09.

• Of the total, $65,688 was distributed to the inventors and $99,610 was distributed to departments.

Michigan Tech

Start-up Angel/VC

License/Royalty

Michigan Tech Entrepreneurial Support Corporation

Start-up Angel /VC

Superior Innovations, Inc

MTESC501c3

Michigan Tech

Michigan TechFund

License/Royalty

License/Royalty

Subcorp

Michigan Tech Entrepreneurial Support Corporation

• MTESC will enhance opportunities for faculty, staff, and students to commercialize their discoveries.

• It will focus on an unaddressed link in the chain from invention to commercial enterprise, the activities between technology discovery and formation of a startup enterprise.

Michigan Tech Entrepreneurial Support Corporation

• MTESC will be a 501 (c) (3) non-profit corporation and is expected to have one or more for-profit subsidiary corporations

• One of these will be an umbrella corporation, tentatively titled Superior Innovations, Inc.

Michigan Tech Entrepreneurial Support Corporation

• MTESC will function as a proof-of-concept center to support technology commercialization from laboratory discovery to formation of a startup enterprise

• MTESC is complimentary to, and not a replacement for, current economic development activities in the community.

Michigan Tech Entrepreneurial Support Corporation

• Proof-of-Concept Center

• Deshpande Center, MIT http://web.mit.edu/deshpandecenter/

• Von Liebig Center, UCSD http://www.vonliebig.ucsd.edu/