ECONOMICDEVELOPMENTUniversity of Missouri

2012 Annual ReportEconomicDevelopment.Missouri.edu

EconomicDevelopment.Missouri.edu 410 S. 6th Street, Columbia, MO 65211573-882-3087

Attracting Companies - Impacting Public Policy - Improving Quality of Life

Steve Wyatt, J.D., MBAVice Provost for Economic DevelopmentUniversity of Missouri

ECONOMICDEVELOPMENTUniversity of Missouri

I hope the information contained herein will give you a glimpse of the width and breadth of the total economic impact and influence MU has

on our city, our region, our nation, and our world. We are in the business of opportunity. I encourage business owners, entrepreneurs, faculty and students to contact our office if you have an interest in learning more about

what MU can do for you in supporting your economic development efforts.

Greetings from the MU Office of

Economic Development!

The University of Missouri (MU) is a complex, billion dollar enterprise, with the following four missions: Research, Teaching, Service, and Economic Development. MU is a source of education and entrepreneurship, leveraging the state’s investment by over 10 times to create knowledge, innovation and discovery for a bet-ter quality of life for all of us.

MEDIA OF THE FUTUREMedia of the Future offers new ways to communicate, educate and market. Media of the Future draws on the MU School of Journalism’s century of international lead-ership in media research and hands-on training, along with other campus strengths in digital technologies, business, public policy, graphic design and writing.

ONE HEALTH / ONE MEDICINEOne Health / One Medicine offers unmatched opportu-nities for collaboration in animal and human health. MU is the state’s only major public research university with Colleges of Veterinary Medicine, Agriculture, Food and Natural Resources, Engineering, and Human Environ-mental Sciences. MU has the Bond Life Sciences Center, Schools of Medicine, Nursing and Health Professions, and the most powerful university research reactor in the nation. That makes MU one of only six public universi-ties in the United States who can take medical research from the “bench to the bedside.”

MIZZOU ADVANTAGE ------------------------------------------------MIZZOU Advantage fosters interdisciplinary collaboration among faculty, staff, students and external partners to address and solve real world needs and problems in four areas of strength identified at the University of Missouri.

FOOD FOR THE FUTUREFood for the Future addresses the culture, economics and production of healthy, affordable food. The Univer-sity of Missouri is home to world-class faculty and state-of-the-art facilities, including more than 14,500 acres of university-owned research centers, farms and forests across the state. From creating a soy product that looks and tastes like chicken to developing drought-resistant crops, MU faculty are leading the way to creating “Food for the Future.”

SUSTAINABLE ENERGYSustainable Energy focuses on developing and dis-tributing renewable energy sources. The Sustainable Energy initiative works to actively address energy issues through the following means: MU’s Research Reactor, MU’s biomass power plant, research in biofuels, bio-mass and energy efficiency, and education (College of

Engineering). The initiative also examines policy and its implications, business models, environmental impacts and the cultural and social consequences of energy uses and production.

The Mizzou Center in Blue Springs, Missouri, opened its doors in May 2010. The objective of the Mizzou Center is to build partnerships between university researchers and industry leaders, to drive economic development in the region, and to offer educational opportunities and career services to the greater Kansas City area.

MIZZOU CENTER GOALSIntegrate Mizzou Advantage into the greater Kansas •

City areaStrengthen MU’s Identity•

Grow MU’s business relationship with area •

companies and organizationsExpand collaboration with higher education •

institutions, industry, and economic development organizationsIncrease MU’s student recruitment, education, •

academic services, distance education, continuing education and workforce development.

ENROLLMENTThe Mizzou student body is made up of students •

from over 120 countries, every state and every county in MissouriEnrollment: 34,748 •

Retention: 84%•

Average ACT: 25.7•

World Class Workforce -----

GRADUATIONWorldwide Alumni: 267,000•

Alumni in Missouri: 123,514•

46% complete their degree in 4 years •

(the National average is 32%)71% complete their degree in 6 years•

31% of MU graduates continue their education•

93% work in fields related to their degree•

40% of out-of-state students remain in Missouri after •

graduation Approximately 70% of MU students obtain in-state •

employment after graduation.Average starting salary for MU graduates is $46,500•

MU PROGRAMS CURRENTLY HOUSED AT THE MIZZOU CENTER• MU College of Engineering / Extension Procurement Technical Assistance Centers (PTAC)

MU College of Education / School of •

Information Science & Library Technologies (SISLT) and Charter SchoolsMU Extension Trade Adjustment Assistance Center •

(TAAC)MU College of Veterinary Medicine•

MU Extension Food and Nutrition Program•

MU Office of Research / Technology Management & •

Industrial RelationsMizzou Advantage•

Mizzou Center ---------------

INTERNATIONAL ENROLLMENT

Mizzou has the highest number of international •

students among Missouri institutions – over 2000 annually> 1,021 students from China> 188 students from South Korea> 152 students from India

Connect with the Mizzou Center!

Al Black, Director (816) 655-6718 [p]1600 NE Coronado, Blue Springs, Missouri 64014

Approximately $200 million in federal grants and •

contracts are awarded to MU each yearMU invests over $240 million in scientific research •

each year

MISSOURI UNIVERSITY RESEARCH REACTOR (MURR)

Most powerful research reactor on a university cam-•

pus in the U.S.Custom-made nuclear services•

Producer of the radiopharmaceuticals Quadramet® •

and TheraSphere®Missouri Research Reactor (MURR) produces over $20 million in revenue per year from many sources ranging from major NSF grants (NSF Integrative Graduate Education & Research Traineeship on Neutron Scattering) to transmutation doped silicon for the hybrid car industry, to radio-pharmaceutical production for medical applications.

As a result of this program, $5 mil-lion over 5 years will be invested into projects developing patient-focused technologies to improve the quality and duration of patient lives.

MU OFFICE OF TECHNOLOGY MANAGEMENT AND INDUSTRY RELATIONS (OTMIR) -FY2012 TOTALS:

Gross licensing revenue re-•

ceived: $6,331,295

WALLACE H. COULTER’S TRANSITIONAL PART-NERSHIP AWARD PROGRAM The mission of the Coulter Translational Partnership (TP) Program at the University of Missouri is to increase the capacity and the pace of biomedical innovation that ultimately benefits patients and society by addressing

unmet clinical needs.

IMPACT MU is a $2 billion enterprise•

MU reinvests every dollar spent over 10 times•

72% of state university research dollars originate •

from MU

Research & Innovation -------------------------------------------------

Invention disclosures: 93•

Active invention disclosures: 639•

US patent applications: 90•

Active US patents and patent applications: 382•

Active license agreements and options: 187•

Material transfer agreements processed: 248•

Non-disclosure agreements processed: 210•

Business Success--------------------------------------------------------

Organovo, a company that prints three- dimensional human organs and tissues from a ‘bio-ink’ that is made from the patient’s own cells based upon a license of MU’s intel-lectual property, was named one of the top 50 innovative companies throughout the world by MIT’s Technol-ogy Review Magazine, along with Google and Apple. Organovo went public in February, 2012 with a market cap of $40 Million, and its stock reached a peak market cap of $500 Million+ within its first quarter after going

public. Current market capitalization is more than twice the initial market cap.the taste, texture, and mouth feel of chicken meat. They

have received two multi-million dollar rounds of venture capitalization from Kleiner Perkins, a silicon-valley based venture capital investor group as well as the Obvious Corporation, a venture capital group started and man-aged by the founders of Twitter, and they are selling product now through Whole Foods. Consistent with their license agreement to locate a facility in Missouri, Beyond Meat has established a national production facility in Columbia, Missouri. There is potential for 60 new jobs in five years.

MU working with the Regional Eco-nomic Development, lncorporated, were successful in attracting Beyond Meat to expand their company in Columbia. This company uses technology developed and licensed at MU to make a textur-ized vegetable protein that replicates

cant funding, including a $200,000 investment from the Enterprise Investment Program and a $30,000 contri-bution from the student led angel capital investment fund that is operated by an experiential learning course within MU’s Business School. EternoGen creates new gold-nanoparticle based fillers for medical bulking ap-plications that prevent infection and greatly reduce the inflammatory response.

EternoGen was formed based upon MU intellectual property developed by the MU Biode-sign and lnnovation Program with close faculty mentoring. EternoGen has received signifi-

SHASUN NBI, LLC - A joint venture between Shasun and Nanoparticle Biochem Inc. has been formed and designed to further NBI-29, a new gold nanoparticle-based radiopharmaceutical for the treatment of prostate cancer. The venture is based on intellectual property developed at MU and licensed to NBI. It has completed its pre-clinical phase and is moving into the FDA ap-proval process in collaboration between MU (lead) and KU Medical Center.

Global technology company IBM opened a technology service de-livery center in Columbia in 2010. MU was one of several collabora-

tors who worked to negotiate with IBM to bring the service center to central Missouri. IBM opened its doors with approximately 100 new hires and estimates average annual wage for the new jobs is $55,000.

Newsy.com, a video news service, is a good example of an MU Economic Develop-ment Partnership. Newsy works closely with the MU School of Journalism, and is the only video news service that allows users to compare news sources from around the world to see how a story unfolds. Newsy was the recipient of Missouri Technology Corporation assistance and has created quality jobs in the Columbia area since its inception. It was the 2013 winner of the APPY award for “Newsy for iPad.”

IDEXX RADIL – RADIL was founded in 1968 by Dr. Joe Wagner, a faculty member at the College of Veterinary Medicine. Over the past 4 decades, RADIL grew to become one of the largest entities in the country pro-viding research diagnostic testing services. In 2011, MU and the College of Veterinary Medicine agreed to sell RADIL to IDEXX Laboratories, Inc. for $43 million. This sale not only provides the College of Veterinary Medicine with programmatic resources, but also brings a new and valued partner to Columbia and the Kansas City Animal Health Corridor. Located at Discovery Ridge in Columbia, MO, IDEXX Laboratories, Inc., a world-wide leader in the animal health field, is

an excellent match for collaborate programs at MU and the College of Veterinary Medicine. Approximately 50 employees were transferred to the private sector and our local economy was stimulated with a new international company.

MU ENTREPRENEURIAL RESOURCESStudent Clubs and Support

Collaborating, Leadership and Innovation for Mis-•

souri Business (CLIMB)The Entrepreneurship Alliance•

Student Angel Capital Program•

Campus ResourcesCoulter Translational Partnership•

Missouri Innovation Center•

Mizzou Advantage•

Mizzou Engineering Rapid Protyping•

MU Life Science Incubator•

MU Office of Technology Management and Industry •

RelationsMU Small Business and Technology Development •

CenterMU Unions Entrepreneurial Program•

Reynolds Journalism Institute•

Community ResourcesCentennial Investors•

Downtown Incubator•

League of Innovators•

Mid-Missouri Chapter of SCORE•

Missouri CORE (Connecting our Regional Economy)•

Regional Economic Development, Inc. (REDI)•

Academic ResourcesAcademic Courses and Minor in Entrepreneurship •

Statewide ResourcesMissouri Business Development Program•

Missouri Technology Corporation•

MO SourceLink •

MU EXTENSION’S BUSINESS DEVELOPMENT PROGRAMFrom 2010 through 2012, the Missouri Small Business & Technology Development Centers and Missouri Procure-ment Technical Assistance Centers assisted clients in:

Creating $2.5 billion in economic impact•

Creating or retaining 32,961 jobs•

Increasing sales by $986 million •

Acquiring investments of $649 million •

Winning government contracts of $857 million •

Obtaining research awards of $20 million•

MU LIFE SCIENCES BUSINESS INCUBATOR AT MONSANTO PLACE

Helps startup companies with technology commer-•

cializationOnly accredited international incubator in the Mid-•

west and one of 18 worldwide6 startups licensed MU technology in FY2012•

25 resident ventures; 3 firms graduated•

Economic impact of incubator since opening in 2009: •

– 60 jobs and $30 million in investment

A 2012 study of the economic im-pact of the University of Missouri Athletic Department concluded that the hosted events accounted for over $147 million of addi-tional spending within the city of Columbia throughout fiscal year

2010-2011. Athletic events induce a wide variety of revenue sources including but not limited to ticket sales, television revenue, donor contributions, fan spending, food, and lodging.

Quality of Life ----------------

Business Resources-----------------------------------------------------

For the fiscal year 2012-2013, it is projected that the over-all economic impact of MU Athletics will be over $184 million. Attendance at MU sporting events is estimated to increase by 6%, and the estimated football revenue is expected to total $41.5 million. Overall economic impact is expected to increase by 17%.

The University of Missouri’s athletic programs bolster the quality of life in Columbia and contributes signifi-cant economic impact.

ECONOMICDEVELOPMENTUniversity of Missouri

SOURCES

MU Campus Survey. MU Department of Economic Development, 2012.

Open Doors Report on International Educational Exchange, 2012.

University of Missouri. University of Missouri Economic Development, 2013. Web. 3 March 2013.

University of Missouri - Missouri’s Flagship University Fact Book 2012. Columbia: University of Missouri, 2012. Print.

University of Missouri - Missouri’s Flagship University Fact Book 2013. Columbia: University of Missouri, 2013. Print.

Photographs courtesy of the University of Missouri.