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The University of Kansas has forged an innovative commercialization eco-system in partnership with the Bioscience & Technology Business Center (BTBC). The partnership is unique in that it acknowledges the limited resources of a small Midwestern community and creates a novel combination of university, government, and private resources focused on technology-based economic development. Early backing from the Lawrence Chamber of Commerce led to modest but sustained commitments of city, county and state funding. These commitments leveraged larger investments by the Kansas Bioscience Authority and KU itself. The BTBC serves as KU’s incubator and also provides space for existing companies wishing to partner with KU. In concert with the development of this unique model KU raised the stature of commercialization through its strategic plan, Bold Aspirations. The KU Center for Technology Commercialization (KUCTC) is the single commercialization enterprise for the university with tech transfer, company formation, and industry partnerships centralized into one organization for both the main campus and the medical center. This structure provides a pipeline to the BTBC. Together, KUCTC and BTBC have become the university’s champion in support of community-engaged economic development. The tangible success of this partnership is measurable. For 2012, KU reported $10 million in licensing revenues — a tenfold increase over 2012. Company start-ups and industry-sponsored research have increased. The BTBC is also growing. A 30,000 square foot expansion will house multiple new tenants as well as the KUCTC. This move further signals the culture change and the next inflection point for the university’s economic development mission. View the Case Study: http://universityeda.org/value-to-members/best-practice-sharing/awards-of-excellence/awards-of-excellence-2013-finalists/collaborative-formation-and-development-of-the-bioscience-technology-business-center-at-the-university-of-kansas/
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University Economic Development AssociationPresented by partners in economic development
University of KansasBioscience and Technology Business Center
October 2013
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Community Connected CampusWhat Does Success Look Like?
• Improved connection to the community/region• Role in the economic infrastructure of the region• Impact on the region and the measures for success
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Problem Addressed
• The problem, and how we became involved
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Create → Source → Package → Sell
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Getting to the Solution
• Originality, scalability, replicability and sustainability of the initiative
• What we did that was innovative and unique • The benefits/impacts realized from this initiative• The assistance provided by our organizations
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What Comes Next?
• Phase Three
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