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Jilda Diehl Garton
September 27, 2011
Buffalo, New York
Fall semester enrollment
Undergraduate 13,750
Graduate 6,970
Students at Georgia Tech represent 118 different countries
3,778 international students
74% international graduate students
Faculty
1052 Academic Faculty
3,880 Research Faculty & Professional Staff
Fact Book 2010
0
50
100
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300
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400
450
0
100
200
300
400
500
600
FY01
FY02
FY03
FY04
FY05
FY06
FY07
FY08
FY09
FY10
New Awards & Invention Disclosures
0
100
200
300
400
500
600
FY 08 FY 09 FY 10
Industry Awards All Other Awards
Industry Sponsored Awards
$ M
illions
Aw
ard
s $ M
illions
Dis
clo
sure
s
14% 20% 18%
Office of Technology Licensing Metrics FY 2011
FY 2010
Total Disclosures 355 407
United States Patents Issued 73 58
Startups Formed 15 12
Licensing Revenue $3.41 M* $2.28 M
Material Transfer Agreements 200 233
Non-disclosure Agreements 43 85
Inter-institutional Agreements 8 4
*Approximation through April 2011. Includes an equity sale of AGT.
New
Knowledge
• Public benefit
• Publications
• Institutional
Reputation
Researcher
Incentive
• Financial
–Personal
–Research
• Recognition
• Doing good
Industry
Funding
• Graduate
• Student Support
• Avenue to
• Commercial Use
• Collaborations
• and Research
• Relevance
Economic
Development
• Start-ups
• Corporate
Recruiting
• Problem Solving &
Industry Innovation
Common Purpose and Clear Roles
Strategic Plan
Intentional Organizaiton
Technology Transfer is as much about
research as it is about licensing!
Creation of New Office
Industry Engagement
Innovation Task Force 2011
GT:IPSTM
FlashPoint
GT FIRE
“Institutional reputation is largely
tied to recognized expertise in
specific areas of research and
scholarship.”
Create Transformative Opportunities
Partner with Industry
Enhance Economic
Development
Create Transformative Opportunities
Partner with Industry
Enhance Economic
Development
Graphene New Nanocenter
Create Transformative Opportunities
Partner with Industry
Enhance Economic
Development
STEM in a Virtual World
Create Transformative Opportunities
Partner with Industry
Enhance Economic
Development
Apica – cardiovascular spin-out
Figure 1. Georgia Institute of Technology right heart simulator,
used to simulate physiological flow and pressure. Valve was
sutured to an annulus plate that was placed between the atrial
and ventricular chambers with the papillary muscles attached to
the papillary muscle rods. Circulation, August 2011
GTRC & GTARC Boards of
Trustees
Stephen E. Cross, President
Howard J. Morrison, Chairman
Executive Vice
President for
Research
Provost &
Executive
Vice President
for Academic
Affairs
Executive
Vice President,
Administration
and Finance
Georgia Institute of Technology
G.P. “Bud” Peterson, President
Board of Regents
University System of Georgia
Chancellor Hank Huckaby
Vice President
for Research &
General
Manager
Jilda D. Garton
VP Enterprise
Innovation
Institute
Stephen R.
Fleming
VP and
Director GTRI
Robert
McGrath
College of Architecture
College of Computing
College of Engineering
College of Management
College of Sciences
Ivan Allen College
Vice
President for
Research
Jilda D.
Garton
IC3
VentureLab
ATDC
• IC3 a division of GTRC
• Protects IP
• Licenses IP
•Venture Lab
• New Venture Creation
• Marketing IP
• Advanced Technology Development Center
• Business Incubator
IC3 =
Industry Contracting & Affiliated Licenses +
International Contracts & Technology Transfer +
Innovation Commercialization & Translational Research
Partnering with Economic Development
to Narrow the Gap and Reduce the Risk
• Georgia Research Alliance
• GT:IPSTM
• Flashpoint
Research or Technical Risks
Legal and Transactional Risks
Entrepreneurial Risks
Industry
R&D $$
Federal
Government
R&D $$
Industry
R&D $$
State
R&D
$$
Georgia
Research
Alliance
Eminent Scholars
Facilities
Equipment
Translational
Research Funds The Georgia Institute
of Technology
Board of Regents
University System of Georgia
State of Georgia
R&D Products
Georgia Tech
Research
Corporation
$ $
$ $
Georgia Tech
Foundation
$$
Education + Support + Streamlined License =
Better Start-ups + Inventor Satisfaction
Is a facilitation and expedited license program that aligns the various campus stakeholders i.e. the entrepreneur, compliance officer, economic development catalyst and the technology transfer officer, in a coordinated effort to lower barriers traditionally encountered in the formation of a university startup.
The keystone of the program is the GT:IPS™ license – vetted by the Atlanta startup community – which can be used without reservation by attorney’s representing Georgia Tech startups that is acceptable to a spectrum of investors.
1. Education a) Researchers
b) Entrepreneurs
c) Students
2. Facilitation a) Conflict of Interest Management
b) Funding opportunities
c) Intellectual property protection
d) Work with VentureLab and ATDC
3. Streamlined Licensing 1. Low risk/low barriers license
2. Developed with input from local attorneys who frequently represent start-up companies
Georgia
Research
Alliance
Licensing
Standardized
Terms
No
Negotiatio
n
Vetted
Streamline
d
Entrepreneur Education
Partnerships
ATDC GTRC
Third
Party
Domain
Experts
Flashpoint
TI:GER®
InVenture
Prize®
GEORGIA TECH INTEGRATED PROGRAM FOR STARTUPS
Tech
Experts
GT:IPS
Flashpoint is a startup accelerator
program accepting teams at Georgia
Tech. Flashpoint provides entrepreneurial
education (in the form of experienced
mentors and presentations by veterans),
shared learning, and a competitive,
accelerated environment for business
model and technology development.
Georgia Tech Funding for the Start-up Flashpoint at Georgia Tech does not directly fund the startups that
participate in its program. However, the Flashpoint Investment Fund is a vehicle designed to fund Flashpoint companies. Sig Mosley of Imlay Investments in Atlanta has volunteered to manage the Flashpoint Investment Fund.
Risk-investment for Flashpoint Startups The Flashpoint Investment Fund anticipates investing somewhere
around $15,000 per startup. It may invest more but not much more. The fund intends to give you just enough money to be in a position to go and get more money from other sources when your cohort is over. The Flashpoint Investment Fund does not plan to make follow-on investments in Flashpoint startups. The Flashpoint Investment Fund is not the only source of risk-capital available.
What do the investors get out of this? Around 6% of the startup, most often in the form of common
stock. For companies that are accepted to the program, which already have funding, the Flashpoint Investment Fund may still be able to invest.
VentureLab: Identifies faculty discoveries with market potential and
guides them through commercialization process. Experienced entrepreneurs are mentors. Pre-seed funding for prototype or proof-of-concept.
Georgia Tech Research Corporation: Contracting agent for sponsored research. Protects GIT’s intellectual property. Evaluates potential licensees, negotiates license and start-up agreements, conducts "Due Diligence" on
licensees/start-ups Research support programs.
Advanced Technology Development Center Georgia Research Alliance
Phase 0 through Phase III Loans to Start-ups
We are part of the community in which we live
Georgia Tech has the basic research that leads to the platform technologies but also the culture of bringing discoveries to the market place
Long history of effective collaborations with industry and other research-performing institutions
Georgia Tech brings together its capabilities in basic science with its collaborative spirit in working across institutional boundaries to deliver innovative technology
