GO.GROW. - ibio.org · We still have a long way to go to fulfill the mission of the iBIO Institute. In 2016, the Institute’s programs will continue to grow to meet the needs of

GO.GROW.

2015 Annual Report

GR

OW

TABLE OF CONTENTS President’s Message ............................................... page 3

EDUCATE and TalentSparks ................................... page 4-5

EDUCATE Workshops and Programs ..................... page 6-11

PROPEL Annual Report .......................................... page 12-13

PROPEL Programs .................................................. page 14-17

Awards ..................................................................... page 18-21

Financial Health ....................................................... page 22

Board of Directors & Officers .................................. page 23-25

2 | iBIO Institute 2015 Annual Report

Since becoming President and CEO in February, I have been amazed at the progress the iBIO Institute has made.

This annual report details our successes, our community’s growth metrics, other celebrated highlights and our plans for 2016. I wanted to share with you some of the highlights:

• PROPEL companies raised over $45 million in new funding during 2015: a new record

• PROPEL provided grants to 17 startups to attend international conventions and conferences

• Stellar Girl’s program provided afterschool STEM programming for 350 girls in grades 3-8

• Independent evaluators found girls participating in Stellar Girls achieved content gain of 20%

Community involvement and engagement with the iBIO Institute’s programs is critical to our mission. Without the investment, hard work and dedication of our community, the iBIO Institute’s programs would not be able to deliver the high-quality content to the startup and education communities.

We still have a long way to go to fulfill the mission of the iBIO Institute. In 2016, the Institute’s programs will continue to grow to meet the needs of the community.

Sincerely,

Warren Ribley iBIO Institute President and CEO

GR

OW

MESSAGE FROM THE PRESIDENT

Fueling scientific growth through community, education and innovation.

2015 HAS BEEN A BUSY YEAR FOR THE iBIO INSTITUTE. PROPEL AND EDUCATE CONTINUE TO EXPAND ON THEIR PROGRAMMING, HAVING TREMENDOUS IMPACT ON THE COMMUNITY.

iBIO Institute 2015 Annual Report | 3

GO. GROW.4 | iBIO Institute 2015 Annual Report

2015 ANNUAL REPORTIn 2015 EDUCATE® built exciting new partnerships, expanded and increased success of its two principal programs, TalentSparks and Stellar Girls.

TalentSparks is the iBIO EDUCATE Center’s Teacher Professional Development Workshop Program. TalentSparks workshops are designed to model high-quality classroom instruction aligned with Common Core and Next Generation Science Standards (NGSS). The activities that EDUCATE teaches in our TalentSparks workshops are hands-on, inquiry-based and designed to help teachers and students explore real-world problems and the application of STEM skills by industry. Since 2008 iBIO EDUCATE has trained over 1,000 Illinois teachers at our TalentSparks workshops impacting an estimated 86,000 students.

This year EDUCATE provided TalentSparks workshops for teachers from nearly 40 Illinois communities including:

IMPACTING TEACHER KNOWLEDGE IN STEM CAREERS

Fostering Illinois’ scientific thought leaders of tomorrow.

TalentSparks workshops improve teachers understanding of STEM content. Teachers participating in TalentSparks workshops have demonstrated impressive content knowledge gains measured through pre- to post-tests, gaining an average of 13 percentage points on STEM content understanding, and 22 percentage points on their understanding of the Next Generation Science Standards, which was adopted by Illinois in 2014.

AntiochArlington HeightsArthurAuroraBataviaCarol StreamChicagoChicago HeightsCreteDelavan

Downer's GroveEvergreen ParkFlanaganFox LakeGraymontHenryHighland ParkJolietLincolnwoodLyons

Manhattan MidlothianNapervilleNew LenoxNewton NilesOak ParkOrland ParkPalatinePalos Heights

Park RidgePlainfieldPlanoRound LakeSummitSycamoreWaverly WestchesterWheeling

The mission of iBIO Institute’s EDUCATE Center is to deliver industry-led science and math programs for teachers and students, thereby inspiring the next generation of innovators and helping restore America’s leadership in technology education.


GR

OW

Connecting the Classroom to the Field.


GR

OW

EDUCATE-DEVELOPED WORKSHOPS AND CURRICULAOver the last year, EDUCATE has been working in collaboration with industry partners to develop standards-aligned curricula that spotlight industry partner technology innovation. Investment and participation by our industry partners provides the funding and the resources to develop new workshops, expand existing workshops into new districts and provide classroom implementation kits for the participating schools.

Farm to Flight: Can Biofuels “Green” Aviation?

In 2014, iBIO Educate partnered with Argonne National Laboratory and DuPont Pioneer to lead the development of a 4–6 week classroom curriculum focused on facilitating exploration of biofuels and their use in jet fuel. Through this novel, problem-centered curriculum, students explored the chemistry of combustion, how engines work, cycles in the biosphere and other new concepts at the nexus of agriculture, renewable energy, climate change and flight. In 2015, United Airlines joined the Farm to Flight collaboration, providing $10,000 in funding to support participation by teachers in high-needs schools in the 5-day 2016 Farm to Flight workshop. Funding will also help develop and distribute classroom implementation kits to these high-needs schools.

Engineering Hydrogel Polymers for Healthcare and Agriculture

An EDUCATE partnership with Archer Daniels Midland (ADM) and DuPont Pioneer resulted in a six-activity curriculum that covers the concepts of chemical structure as well as physical properties. Students explored the broad application of hydrogels from wound healing to water conservation to drug delivery. Both ADM and DuPont Pioneer provided input and will provide STEM career profiles for the curriculum.


Student Demographics Income Status Site Location

White

Hispanic

Asian

Black

Multi-Racial

Far North/Nothwest Suburbs

Far Nothwest/Western Suburbs Far Southwestern Suburbs

Chicago

Southwestern Suburbs

Western Suburbs

Free or Reduced School Lunch

No Free or Reduced School Lunch

Student Demographics Income Status Site Location

White

Hispanic

Asian

Black

Multi-Racial

Far North/Nothwest Suburbs

Far Nothwest/Western Suburbs Far Southwestern Suburbs

Chicago

Southwestern Suburbs

Western Suburbs

Free or Reduced School Lunch

No Free or Reduced School Lunch

Stellar GirlsThe Stellar Girls program introduces girls in grades 3–8 to “Big Ideas” in STEM fields. Stellar Girls attend weekly hands-on after-school activities, exploring how science, technology, engineering and mathematics are used to feed, fuel, heal and save the world. The Stellar Girls have the opportunity to interact with professionals from the life sciences industry to learn about STEM careers and how STEM skills apply to real-world problems.

The Stellar Girls curriculum is divided into four units: Feeding, Fueling, Healing and Saving. The entire program consists of 20 hour-and-a-half-long lessons. During the summer and throughout the year, EDUCATE holds training workshops for teachers and community leaders to implement the program as coaches. These workshops employ EDUCATE’s intensive training method; coaches participate in the hands-on activities as learners and experience how to deliver the program to students. During the school year, EDUCATE’s staff visit Stellar Girls classrooms to deliver materials and provide support to coaches. The Stellar Girls program is designed to be flexible, allowing coaches to hold the program before, after or during in-school time, implementing one or all of the units depending on the school’s needs.

Nutrition Science for Improved Human Health

This year ADM expanded on their partnership with EDUCATE by providing $50,000 to support the development of new problem-centered curriculum that addresses the role of nutrition—specifically macromolecules—as part of the solution to the global rise in obesity, diabetes and heart disease. Currently in development, the curriculum will spotlight fiber and sugar, fats and oils, and protein’s roles in the development and management of diabetes, obesity and heart disease. Students will have an opportunity to learn more about how food products being developed by ADM and other partners seek to combat the rise of these deadly diseases and improve human health and quality of life. EDUCATE worked with ADM and local Decatur area Regional Offices of Education and community partners to secure participation by most districts in the Decatur/East Central Illinois region.


Since 2011, over 600 girls have participated in Stellar Girls programming. School-level data from 2012–2016 show that 73% of girls are minority and 71% of participants are from low-income homes that qualify for free and reduced lunch at school.

Stellar Girls schools are spread out in Chicago and the collar counties with sites in Batavia, Chicago, Elgin, Lincolnwood, Skokie, Summit and Wheeling. Additional student demographics are outlined below.

A majority of the schools are public, with most of them serving students in K–8th grades. Students are nearly evenly distributed among the two grade band divisions: 3rd–5th grade and 6th–8th grade.

2012 2013 2014 2015Schools 10 9 15 26Programs 10 9 22 20Coaches Trained 13 12 32 31Total Stellar Girls 180 100 350 400

2012–2013 2013–2014 2014–2015Grades 3-5 58 39 181Grades 6-8 65 42 148Totals 123 81 329

Stellar Girls Program Numbers:

Stellar Girls Participants by Grade Bands*:

*Only students who took pre- or post-tests are included in this table

School Type Participating School Grade Bands

Student participation by grade

Public

Community Org.

Private

Charter 6th–8th Grade

3rd–5th Grade Elementary (P–5)

P/K-8

Middle School (6–8)

School Type Participating School Grade Bands

Student participation by grade

Public

Community Org.

Private

Charter 6th–8th Grade

3rd–5th Grade Elementary (P–5)

P/K-8

Middle School (6–8)


Program Results: Similar to the TalentSparks program, student content gains are calculated with pre-and post-program unit evaluations.The table and graphs shown demonstrates the average content gains achieved by student participants by program year.

EDUCATE uses “Volunteer Match”, a robust online software to assist us in matching available corporate volunteers with Stellar Girls programs. EDUCATE also holds volunteer orientation sessions to better prepare volunteers to successfully engage the girls in career exploration. Volunteer speakers give girls visibility to women and men working in STEM careers and serve as role models for the development of girls’ future career paths. Girls also increase their understanding of STEM employers operating in their communities.

GR

OW

2012 2013 2014Students Grades 3-5 16% 19% 20%Students Grades 7-8 6% 13% 10%

Average Percentage Point Content Gains from Pre-test to Post-test:

0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student

Content Tests*Pre Post

2014–2015 Student Content Tests*Pre Post

5th 8th

2013–2014 Student


Feeding 5th Feeding 8th Healing 5th Healing 8th Saving 5th Saving 8th Saving 5th Saving 8th

Stellar Girls Program Assessment: EDUCATE works with Goshen Education Consultants—an independent external evaluation group—to assess whether the Stellar Girls program is meeting its stated objectives:

• Did the Stellar Girls program provide high-quality professional development activities? (Summer workshop quality and after-school program quality)

• Did educators achieve the ability to improve girls’ curiosity and self-efficacy in science and math within the following areas? (Coach content understanding and Coach pedagogy)

• Did girls involved with the program increase their understanding for science and math concepts? (Student Concept Understanding)

• Did girls involved with the program become more aware of careers in science-based industries? (Science Career Awareness)

0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student



5th 8th

2013–2014 Student



0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student



5th 8th

2013–2014 Student



0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student



5th 8th

2013–2014 Student




GR

OW

Stellar Girls is currently funded by Astellas and Lundbeck. The iBIO Institute is working to secure additional funding to continue the program at the current schools, expand the program to include rural areas and develop a summer Stellar Kids STEM Camp. The Stellar Kids STEM Camp will leverage the Stellar Girls program to improve access to summer STEM exploration. Programming will consist of fun hands-on activities, sessions with STEM professionals and field trips.

The focus for both TalentSparks and Stellar Girls programs is on sustainability. Additional funding support will enable expansion across Illinois, and expand our volunteer network to highlight STEM fields in our community.

0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student



5th 8th

2013–2014 Student



0

10

6th 8th

20

30

40

50

60

0

10

20

30

40

50

60

0

10

20

30

40

50

60

70

80

2012–2013 Student



5th 8th

2013–2014 Student




GO. GROW.12 | iBIO Institute 2015 Annual Report

PROPEL® and our active PROPEL companies generated exciting results in 2015. Our programs have succeeded in materially building the momentum of our community towards our mission: increase the number and success rates of life sciences startups in Illinois.

BUILDING LIFE SCIENCES STARTUPS

Nurturing early-stage life sciences companies into Illinois’ next success stories.

Key Metrics

• PROPEL currently works with 41 active companies, including nine new startups accepted in 2015—more than 100 companies since inception

• PROPEL companies raised over $45 million in new funding during 2015 and more than $185 million since joining PROPEL

• PROPEL has awarded more than $1 million to our startups, thereby leveraging $175 in new capital raised for each $1 awarded

• PROPEL companies have had four liquidity events or exits to date, valued at more than $65 million

• PROPEL companies have directly created/retained 280+ jobs and indirectly created/retained nearly 1,000 additional jobs

Other Measures

Several PROPEL Companies achieved notable commercialization milestones: Advanced Cooling Therapy received de novo clearance from the FDA; Corvida Medical received 510(k) clearance from the FDA; and TRACT Therapeutics published results from its Phase I Safety Trials. Thermatome won the AdvaMed Accel Business Plan Competition at AdvaMed 2015—the second year in a row this national competition was won by a PROPEL company. PROPEL Companies were featured in the Chicago Tribune, Science, USA Today, NSF, MedCityNews and AHRQ, plus several journals and other publications/media.

3%5%

3%

67%22%

More than $185 million in new life sciences funding raised

SBIR/STTR/Other Non-DilutiveOwner/Founder

Friends/Family

Angel/VC

Other


GR

OW

2015 Programs and Community Involvement.


PROPEL currently offers three levels of programs. Some programs are open to the public, while some are only offered to companies accepted to PROPEL through an application process. Other programs are available only to PROPEL companies that have achieved certain funding/commercialization milestones. This tiered model of programming ensures that PROPEL resources are utilized more efficiently.

GR

OW

PROPEL’S TIERED PROGRAMMING

Level 3: For selected

PROPEL companies only

Level 2: Programs available to all

PROPEL companies

Level 1: PROPEL programs open to the public

CHICAGO INNOVATION SHOWCASE FEATURING THE PROPEL BUSINESS PLAN COMPETITIONThe 2015 Chicago Innovation Showcase was standing room only, with more than 200 people attending. The crowd watched PROPEL company Diagnostic Photonics pitch the winning company presentation to five financial life sciences investors during the 2015 PROPEL Business Plan Competition Finals—and win $15,000 (up from past awards of $10,000). The day opened with Bill Gantz, Ashish Khanna and Vic Schmitt describing how Naurex, who recently announced its $560 million exit to Allergan, raised seed-stage, Series A, B and C funding from investors from across the US and Canada as a Chicago-based, pre-commercialization pharma startup. The final session consisted of fast-pitch presentations by 15 Chicagoland ventures representing eight organizations: Argonne National Laboratory, Chicago Innovation Mentors, MATTER, Northwestern University, University of Chicago, University of Illinois at Chicago, University Tech Park at IIT and PROPEL.

OTHERPROPEL sponsored two CEO Roundtable Dinners to provide networking and access to our community of corporate partners and investors. PROPEL released two issues of PROPEL Connections in 2015. This semi-annual publication for the life sciences investment community goes out to more than 500 investors and investment community members across the US. In addition, the monthly PROPEL Intel e-newsletter was sent to more than 1,800 people each month, representing our life sciences entrepreneurial community locally, regionally and nationally.

PROPEL served as a media or marketing partner with organizations such as MidAmerica Healthcare Investors Network, Invest Midwest, Northwestern University’s Kellogg School of Management and others to support events, provide startup companies for class projects or startup presenters/speakers at conferences.

WORKSHOPSIn 2015, PROPEL held three intensive SBIR/STTR grant writing workshops focused on life sciences technologies in partnership with BBCetc. In addition, PROPEL partnered with various local and national organizations including EnterpriseWorks Chicago/HTI, Argonne National Laboratory, the Chicago Advisory Board, MATTER, the Coalition of State Bioscience Institutes and the National Institutes of Health to hold life sciences-focused entrepreneurship workshops. In all, more than 1,000 people attended these events.

LEVEL 1 PROGRAMS


LEVEL 2 PROGRAMSSBIR/STTR ASSISTANCE AWARDSIn partnership with BBCetc, PROPEL approved six awards to four PROPEL companies for SBIR/STTR assistance, including submission prep for Phase I or Phase II proposals and grants management toolkit support. Two of these four companies received successful NSF SBIR Phase I funding during 1H2015 as a result of this support.

GRANTS TO ATTEND KEY INDUSTRY CONFERENCES:BIO Convention: In April, PROPEL awarded grants to five PROPEL companies to attend the 2015 BIO International Convention in Philadelphia.

AdvaMed Conference: In August, PROPEL awarded grants to nine PROPEL companies to attend AdvaMed 2015. In all, 14 Illinois startups attended with seven PROPEL Companies selected for the Innovation Showcase (15% of total), and two PROPEL companies selected for the Bootcamp competition—of three total! PROPEL’s Thermatome won AdvaMed Accel’s Entrepreneurship Bootcamp Business Plan Competition (2nd year in a row this was won by a PROPEL company) and PROPEL’s Briteseed won 2nd place at the MedTech Innovator Finals (and $50,000).

Other Conferences: In May, PROPEL launched its newest grant program for PROPEL companies to attend a key conference of their choice. In 2015, PROPEL awarded three grants from this new program.

ACCESS TO GBI RESEARCHPROPEL continued to offer its companies access to GBI Research’s databases platform (launched in Q4 2014), allowing active PROPEL companies to obtain market research, deal flow, clinical trial data, and investment details at no cost—critical and usually very expensive data for any startup. Ten PROPEL companies utilized this subscription in 2015, including several who used it multiple times.

CHICAGO INNOVATION MENTORS (CIM)PROPEL continued as a founding sponsor of Chicago Innovation Mentors in 2015. CIM develops volunteer mentor teams for healthcare and complex science-based entrepreneurs and ventures. PROPEL sponsored five of its active companies into CIM in 2015. There are now roughly 200 CIM mentors serving over 160 ventures to date. More than 40 PROPEL companies are or have been CIM mentees/ventures.

Jonathan Gunn of Briteseed presenting during the MedTech Innovator Finals during AdvaMed 2015 – Briteseed won 2nd place and $50,000 and has been an active PROPEL company since 2013.

16 | iBio Institute Annual Report 16 | iBIO Institute 2015 Annual Report

LEVEL 3 PROGRAMSDue to the Milestone Awards, Investment Preparation Assistance and Regulatory Planning Assistance Programs, PROPEL has or will have equity in 16 PROPEL companies. This will eventually help to build an evergreen funding mechanism for PROPEL.

MILESTONE AWARDSThe Milestone Award Committee provided five PROPEL companies with funding in the Spring and Fall 2015 to assist with projects directly linked to value-enhancing milestone achievement.

INVESTMENT PREPARATION AND REGULATORY PLANNING ASSISTANCE PROGRAMSIn 2015, PROPEL awarded ten investment preparation assistance grants/awards plus four regulatory planning assistance grants/awards to 13 different PROPEL companies. Shortly after working with PROPEL on these projects, recent recipients won local, regional or national competitions, held in-person meetings with the FDA, and filed for European orphan drug status. PROPEL awarded 14 companies with regulatory planning or investment preparation assistance during 2015.

PROPEL–SIKICH INVESTMENT BANKING WORKSHOP SERIES: SETTING THE STAGE FOR INVESTMENTPROPEL held the 6th annual PROPEL-Sikich Investment Banking five-session workshop series, Setting the Stage for Investment, from June–October for two PROPEL medical device companies, with eight PROPEL Subject Matter Experts and five financial and strategic investors participating. This amounts to an intensive boot camp for some of our most promising firms, concluding with a pitch to real investors/corporate partners.

2015 Chicago Innovation Showcase

Advanced Cooling TherapyB&H Biotechnologies BioAnalyticsBriteseedCarasealCearnaCell HabitatsCorvida MedicalDeNovXDiagnostic PhotonicsEndotronixEP SolutionsGreen EraInnoblative DesignsInspirotecLAT PharmaMedical IngenuitiesMesodynamicsMouseHouseNovalex TherapeuticsNovaScan

OhmxPax NeurosciencePixelEXX SystemsPreora Diagnostics / NanoCytomicsPrevail Health SolutionsQuiO Resonance Medical Rhythm TherapeuticsShamrock StructuresSintact Medical SystemsSparrow PharmaceuticalsStella MarisStone MedicalSurgimatixSword DiagnosticsTherabionicThermatomeThird Coast TherapeuticsTRACT TherapeuticsVidasym

PROPEL COMPANIES


GR

OW

9TH ANNUAL iCON AWARDS DINNEROn September 29th, the iBIO Institute hosted the 9th annual iBIO iCON Awards Dinner at Morgan Manufacturing in Chicago.

The Institute created the iCON Awards to recognize outstanding innovators and leaders in the life sciences community. Illinois and the surrounding Midwest is home to a thriving biotechnology industry comprising of diverse sectors and ranging from small start-ups to international corporations, but we all depend on the contributions of civic leaders, researchers and educators to maintain our region’s reputation as a global leader.

It was a privilege to acknowledge such an exemplary group of honorees. Leaders like the Searle Family, Robert Easter and Taylor Fusinatto play a vital role in fostering an ecosystem necessary to support advancements in the life sciences.

Funds raised from the iCON Awards dinner directly supports the work of the iBIO Institute, which mobilizes the life sciences community to deliver world-class educational programs and job-creating new technology ventures through our EDUCATE and PROPEL Centers.

CIVIC iCON AWARD ABOUT THE AWARD:The Civic iCON Award acknowledges an individual or company that has made outstanding contributions to the innovation-based economy in Chicago, Illinois, and the Midwest. This recipient represents or exemplifies consistent leadership in community service, economic infrastructure development and/or civic involvement.

4TH ANNUAL CIVIC iCON AWARD WINNERThe Searle Funds at The Chicago Community Trust

The Searle Family’s commitment to the life sciences spans nearly 130 years. Gideon Daniel Searle founded G.D. Searle & Co. in Omaha, NE in 1888, then moved the company to Chicago in 1910. Here, under the leadership of John G. Searle, the pharmaceutical company developed some of its most well-known innovations, including Dramamine, Metamucil, NutraSweet, and the first contraceptive pill. In 1964, John established the first Searle Fund at The Chicago Community Trust, launching an enduring charitable partnership that has continued to this day. In his will, John expressed the wish that, wherever possible, his legacy should support “research in medicine, chemistry and the biological sciences.”

Today, more than $220 million has been used to fund biomedical research and innovation in the life sciences. In Chicago, contributions include the creation of the Chicago Biomedical Consortium, the Searle Chemistry Lab at the University of Chicago, and the Searle Leadership Fund for Life Sciences at Northwestern University, as well as the Searle Program for Neurological Research at the Rehabilitation Institute of Chicago and a fund dedicated to translational research at Northwestern Memorial Hospital.


GR

OW

Accepting the Award:

Karie Thomson Board Chair of Kinship Foundation

Chair, Searle Family Consultants to the Searle Funds at The Chicago Community Trust

Karie Thomson is Chair of Kinship Foundation, a private operating foundation established to advance the institutional philanthropy of the Searle Family. It administers the Searle Scholars program, operates Kinship Conservation Fellows and provides professional and administrative support for the grant making of the Searle Consultants to the Searle Funds at The Chicago Community Trust.

As Chair of the Searle Consultants, Karie works with other members of the Searle Family to advise on the distribution of funds that continue to support her grandfather, John G. Searle’s wishes. Karie’s personal philanthropic interests also include conservation. She has served on the Boards of a number of conservation organizations: Ecotrust from 1995–2004 (and presently); the Huron Mountain Wildlife Foundation from 1998–2008; and the Peninsula Open Space Trust from 1996–2011, which she chaired from 2005–2008. Karie is also past President of the Huron Mountain Club, which owns and manages over 22,000 acres of land and forests on Michigan’s Upper Peninsula.

Previous winners include:

2014: Bill Gantz, President & CEO, PathoCapital 2013: Baxter International (Accepted by Robert Parkinson, Chairman & CEO)2012: Henry S. Bienen, President Emeritus, Northwestern University


iCON INNOVATOR AWARDABOUT THE AWARD:The iCON Innovator Award recognizes an active researcher or scientist within the ranks of life sciences education who is acknowledged by his or her peers as a leader in the contemporary teaching of, and scholarship in, biotechnology and its related sciences. The award also recognizes those scientists who demonstrate leadership potential at the frontier of knowledge in the life sciences and conduct research that is anticipated to enhance economic development in the state of Illinois.

9TH ANNUAL iCON INNOVATOR AWARD WINNER:Robert A. Easter President Emeritus, University of Illinois

During his nearly 40-year career at U of I, Robert Easter served as the dean of the university’s nationally ranked College of Agricultural, Consumer and Environmental Sciences, the head of the Department of Animal Sciences, and president of the university from 2012–2015.

An expert in livestock feeding, he has co-authored a book on livestock production and has written more than 90 peer-reviewed articles, 11 book chapters and numerous papers for conferences and industry publications. In 2006, he was appointed by President George W. Bush to the Board for International Food and Agricultural Development (BIFAD) and was appointed as chair of BIFAD in 2007.

Easter is currently a member of the American Society of Animal Science and the British Society of Animal Science, and he serves on the Illinois Agricultural Leadership Foundation and the Governor’s Committee on China.

GR

OWPrevious Winners:

2014: Richard B. Silverman, Northwestern University

2013: Dr. Gene E. Robinson, University of Illinois at Urbana-Champaign

2012: Janet Davison Rowley, MD, University of Chicago

2011: John A. Rogers, University of Illinois at Urbana-Champaign

2010: Brenda Russell, Ph.D., University of Illinois at Chicago

2009: Thomas J. Meade, Northwestern University

2008: Daphne Preuss, Chromatin Inc. (University of Chicago)

2007: Chad A. Mirkin, Northwestern University


GR

OW

ABOUT THE AWARD:The iCON Knowledge Builder Award recognizes an individual who demonstrates exemplary teaching at the Grades K-12 level, and who has positively impacted students’ understanding of biotechnology’s promise and challenges. This educator also serves as a model for colleagues on how to incorporate biotechnology into the classroom and acts as a resource to peers.

9TH ANNUAL KNOWLEDGE BUILDER AWARD WINNER:Taylor Fusinatto Science Teacher and Department Chair, Bessie Rhodes School of Global Studies

Taylor Fusinatto is an exceptional teacher who strives to bring science to life through real-world connections. She established the first Stellar Girls after school STEM engineering program in the Evanston-Skokie Consolidated School District 65—now entering its third year—that engages girls in inquiry-based engineering projects that merge content with ingenuity.

Fusinatto has gone above and beyond to provide her students with the best possible educational experience by engaging herself in this field outside of the classroom. She has participated in a materials science and nanotechnology workshop at the University of Illinois at Urbana-Champaign and acted as a research assistant on a nano-drug delivery system for chemotherapeutic medicine at University of Illinois Chicago. She has also worked on education ambassador programs with NASA and the EPA to bring authentic science instruction into the classroom

Previous Winners:

2014: Sharon Churchwell, Lincoln Hall Middle School

2013: Mary McKinney, Newberry Math and Science Academy

2012: Mark Casey, Dunbar Vocational Career Academy

2011: Katherine M. Konyar, Wheeling High School

2010: Dr. Elizabeth Babcock, Ph.D., The Field Museum

2009: Terry Meyer, Red Bud High School

2008: Hortense Brice, Lindblom Math & Science Academy

2007: Myrna Alvarez, Dunbar Vocational Career Academy

iCON KNOWLEDGE BUILDER AWARD


FINANCIAL HEALTHThe iBIO Institute’s budget is based on guidance from the Board of Directors, strategic plan priorities and staff. The iBIO Institute strives to maintain transparency about the organizations budget and financial status. The Board of Directors approves and regularly reviews the organizations financial status and strategy, which enables the iBIO Institute to maintain a strong targeted financial reserve. The annual iBIO Institute audit was conducted by Legacy Professionals, LLP, in accordance with auditing standards generally accepted in the U.S. The 2014 audit confirmed the financial health of the association.

GR

OW

RevenuePublic Support & Contributions

Grants & Dues


Grants & Dues

ExpensesProgram Expense

Program Grants to Other Organizations Managment & General Expense

Fundrasing Expense

6%

6%7%



Fundrasing Expense

3%5%


Grants & Dues


Grants & Dues



Fundrasing Expense

6%

6%7%



Fundrasing Expense

3%5%


Grants & Dues


Grants & Dues



Fundrasing Expense

6%

6%7%



Fundrasing Expense

3%5%


Grants & Dues


Grants & Dues



Fundrasing Expense

6%

6%7%



Fundrasing Expense

3%5%

86%

93% 72% 20%

69%

14%

18%

2014 AUDITED FINANCIALS

2013 AUDITED FINANCIALS


iBIO INSTITUTE DONORSLEADERSHIP GIFTS - $1M AND ABOVEThe Searle Funds at The Chicago Community Trust Illinois Department of Commerce and Economic Opportunity

SPECIAL GIFTS - $500,000-$1MAbbott LaboratoriesAstellas USA FoundationBaxter International, Inc.Takeda Pharmaceuticals

FOUNDER - $250,000-$499,999City of ChicagoAbbVie

PRINCIPAL - $100,000-$249,000Astellas Pharma US, Inc.Archer Daniels Midland Company

CHAMPION - $50,000-$99,999DuPont PioneerHospiraLundbeck, Inc.

GR

OW

PATRON - $10,000-$49,999Andrew HullNancy Joseph-RidgeK&L Gates LLPMcDonnell Boehnen Hulbert & Berghoff LLPHorizon PharmaDavid E. Miller and Peggy McTigueNorthwestern UniversityPharmaceutical Researchers and Manufacturers of America (PhRMA)Nancy SearleTrust Under the Will of John G. SearleUniversity of IllinoisValent BioSciences CorporationVWR International


iBIO INSTITUTE BOARD OF DIRECTORS & OFFICERSCHAIRMAN OF THE BOARDLinda Friedman

Senior Vice President & General Counsel

Astellas, US, LLC

BOARD OF DIRECTORS Ethan Meers

Principal, Kinship Capital

Kevin Lynch

Vice President, Scientific Assessment

Abbvie

Paul Bloom

Vice President, Process & Chemical Research

Archer Daniels Midland Company

Azmi Nabulsi, M.D., M.P.H.

Head of R&D Strategic and Professional Affairs

Takeda Pharmaceuticals International, Inc.

Warren Ribley

President & CEO

Illinois Biotechnology Industry Organization & iBIO Institute

OFFICERS:Susan Jones

Principal, Miller, Cooper & Co., Ltd.

Corporate Treasurer

John Conrad

Executive Vice President & Corporate Secretary

Illinois Biotechnology Industry Organization & iBIO Institute

Barbara Goodman

Senior Vice President

iBIO Institute, PROPEL

Ann Vogel

Senior Vice President

iBIO Institute, EDUCATE

STAFF: Warren Ribley

President & CEO

John Conrad

Executive Vice President & Corporate Secretary

Illinois Biotechnology Industry Organization and iBIO Institute

Barbara Goodman

Senior Vice President, PROPEL

Ann Vogel

Senior Vice President, EDUCATE

Karen Lindebrekke

Director of Programs, EDUCATE

Cassandra Pritchard

Program Assistant, EDUCATE

Claire Manaois

Managing Director, Corporate and Foundation Relations,

iBIO Institute

John Collins, PhD

Managing Director of Alliance Development,

iBIO Institute


Diagnostic Photonics – Winner of the 2015 PROPEL Business Plan Competition. From left: Barbara Goodman, iBIO Institute; Vic Schmitt, Bay City Capital and Competition Judge; Andrew Cittadine, Diagnostic Photonics; Warren Ribley, iBIO and iBIO Institute.


Documents

GO.GROW. - ibio.org · We still have a long way to go to fulfill the mission of the iBIO Institute. In 2016, the Institute’s programs will continue to grow to meet the needs of