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8/7/2019 Finding the Money Financial Investment Opportunities Nov2010
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"Finding the Money"
Federal Financing Opportunities
Tulane University Invention to VentureWorkshopNovember 12, 2010
April L. Burke
Lewis-Burke Associates LLC
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Lewis-Burke Associates LLC
Started working with Tulane in August 2004
Full service federal government relations firm employing 15 governmentrelations and education and science policy professionals
24 clients, exclusively from the higher education and non-profit scienceand technology sectors
Efforts are directed at increasing the effectiveness of a clients
interactions with the federal government
Provide strategic advice, counsel, and support in areas related to:Advocacy, strategic agenda development, positioning, and coalitionbuilding
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$$Finding the Money$$
Initiatives and programs are run within theindividual federal agencies
There are not hidden bags of money, mostinformation is available on the websites
Contact with individual program managers
can be helpful, they are there to help YOU
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Biomedical, Biotechnology $ =National Institutes of Health (NIH)
There is not ONE central place for technology funding, but MANY Centers andInstitutes with separate and collaborative initiatives
Roadmap Initiatives - Focus on translating basic science discoveries into new andbetter treatments
RAID - Rapid Access to Interventional Development - Utilize NIH resources (i.e.NCI's Developmental Therapeutics Program and NHLBIs Gene Therapy
Resource Program) to support pre-clinical development for therapeutic agents
NINDS - Cooperative Program for Translational Research Outside traditional peer review process but includes milestones (more like DoD)
Multiple funding mechanisms for individuals, groups, pre-clinical development oftherapeutics
NCI - Milestone focus on cancer Center for Strategic Scientific Initiatives Nanotechnology Alliance
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NIH: Continued
NCRR - Small Business Innovation Research (SBIR) & SmallBusiness Technology Transfer (STTR) programs- NIH, CDC, FDA,ACF participating
New: Cures Acceleration Network (CAN)- $50M in draft FY 2011appropriations bills
New: NHLBI - Accelerated Innovation Program (under development) New Regional Centers focused on market acceleration - NHLBI,
private investors, pharma, and universities contribute to holdingentity to share in revenue and patent costs
Other: FDA Center for Devices and Radiological Health - Resourcefor rules/regulations in marketing new medical devices
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Physical, Mathematical, Engineering $ =National Science Foundation (NSF)
Partnerships for Innovation, $600K/3 years (per award) SBIR / STTR Clusters
Biotech, nanotechnology, education applications, materials,chemical technology, IT
Industry/University Cooperative Research Centers, $65K up to 15years leverage industry funding
Grant Opportunities for Academic Liaison with Industry (GOALI) New: Acceleration Innovation Research ($12M) - Proof of Concept
funds and leverage existing centers
Individual Technology Translation Plan Competition ($4M) Research Alliance Competition ($8M) Letters of Intent due December 1, 2010 Program will grow in 2011
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From NSF Website: Engineering Directorate Investments
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Environment, Renewables, Climate $ =Department of Energy (DOE)
DOE: Department of Everything
Grand challenge problems: Smart grid,
climate change, new energy sources
ARPA-E, $10M on Innovation
Manufacturing of renewable energytechnologies and innovation awards programs
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Product Development $ =Department of Commerce (DOC)
Economic Development Administration (EDA) - i6grant ($12M) - Includes NIH, NSF
November 15-19: Global Entrepreneurship Week USA
New i6 competition to be announced as part of StartupAmerica Initiative
Patent and Trademark Office
Reforms underway to expedite patent review; seeksstronger partnerships with universities
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Additional Product Development Opportunities
HHS - New: Centers of Innovation for Advanced Development andManufacturing
NIH - Attention/funding for Rare Diseases (TRND) small-scale commercializationapproaches growing
FDA - Microscope to Marketplace MOU with NIH
New:Strategic investment corporation for disruptive technologies indiagnostics and medical countermeasures
Increased funding for regulatory science
DARPA - Accelerated Manufacture of Pharmaceuticals Design rules independent of manufacturing processes
Reduce the delays between stages of product development Large-scale manufacturing on the scale of one
NIST - Strong emphasis on manufacturing (MEP; TIP) TIP (Technology Innovation): Manufacturing & biomanufacturing - materials
advances and critical processes; automation
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Possible New Funding Models
Range of possible new funding models
Supplements to federal research grants
Creation of a dedicated commercialization fundsponsored by the Department of Commerce
Reforms to current SBIR policies to create a newpre-incorporation funding stream
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Regional Economic Development and Innovation
Regional Innovation Clusters (across government)
EDA: Regional Innovation Clusters ($75M) and public-privatebusiness incubators ($10M)
SBA: Regional Innovation Clusters (public/private - service to
small business) DOE: Energy Efficient Buildings Hub; E-RIC
DOC: National Advisory Council on Innovation and Entrepreneurship
Development of a national innovation and competitivenessstrategy
Review policies inhibiting innovation (COI, publicly financedbuilding restrictions, tax policy affecting small business enterprisezones, etc.)
University participation at Commerce forums
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Department of Housing & Urban Development (HUD):Catalytic Investment Fund
HUD renewal under Obama: Focus on UD - urban development part ofHUDs mission - holistic, scalable, replicable, collaborative solutions
FY 2011: PROPOSED $150M in new funding for economic development andfinancing to implement innovative economic investment for neighborhood andcommunity revitalization
Eligible applicants: local government, non-profits or consortia Range: $5M to $35M and between 4 and 30 grants
Permitted grant purposes include projects: Designed to reclaim vacant property to create green infrastructure To remove or ameliorate property-related obstacles to economic recovery To support economic development and redevelopment into communities
with attractive amenities and high quality infrastructure, including theprovision of assistance and outreach to small and medium-sized businesses
Support economic activities related to transit-oriented development
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Community Engagement
Cross cutting - Health, education, transportation,nutrition, housing, workforce
Identify partnerships - Local/state education agencies,
business, nonprofits, regions, states New grants: Sustainable and evidence-based CNCS - Social Innovation Fund
FY 2010- $50M; FY 2011 request- $60M
DOEd - Promise Neighborhoods FY 2010- $10M; FY 2011 request- $210M
HUD - Choice Neighborhoods FY 2010- $65M; FY 2011 request- $250M
NEA - Our Town New program - Encourage partnerships to develop and sustain
more livable communities
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Conclusion
Despite constrained fiscal environment,there is federal money available
Do not ignore funding trends, but alignstrengths with them
Must be proactive, aggressive, and try and
try again