Archive

Archive for the ‘Collaboration’ Category

How University of Michigan executives resolved their clash over startup investments

October 7, 2011 Leave a comment

The analysis examined the performance of the university’s startups over the past 30 years — including the 104 spinoff companies launched by the U-M Technology Transfer Office over the last decade. U-M analyzed how the university’s endowment would have performed if it had invested in those startups at an early stage.

From AnnArbor.com:

“The University of Michigan’s decision to invest up to $25 million in its own startup companies offers a telling glimpse at how the university is balancing its investment pursuits with a stated desire to boost the economy.

The move also revealed a private debate in which U-M executives clashed over whether the university’s own spinoff companies were worthy of cash.

U-M President Mary Sue Coleman announced Wednesday morning that U-M’s $7.8 billion endowment would deliver up to $500,000 to every early-stage U-M startup that has already secured venture capital from an outside source.

It’s an admission that the university has missed out on past investment opportunities that would have helped its own startup companies expand — and earned the university’s endowment big financial returns…”

READ FULL ARTICLE [web]
University of Michigan startups [web]
University of Michigan Announces Initiative to Invest Endowment $$ into Startups [web]

Advertisements

Why Universities Are Key to the Future of Biotech, and How UCSF’s Chief is Showing the Way

October 5, 2011 1 comment

What’s needed now are the creative partnerships, where someone knowledgeable about the whole process steps in and finds a way to more seamlessly bring together these two factions around what they have in common.

From Xconomy:

“These are hard times at universities in America. State support is dwindling, tuition is booming, and federal research dollars are in jeopardy. Morale has taken a beating.

But U.S. academic research centers are still the driving force for innovative new medicines, like always. And anyone who cares about U.S. universities should pay attention to what’s happening at UC San Francisco under the leadership of chancellor Susan Desmond-Hellmann.

Desmond-Hellmann, a biotech industry star from her days running drug development at Genentech, has her work cut out in her third year as UCSF’s chancellor. Like any executive arriving on campus, she’s had to learn a lot in a hurry. UCSF is a complex, 23,000-employee enterprise that does everything from studying the basic functions of stem cells to helping discover new drugs to treating patients. Starting in August 2009, she’s had the unpleasant job of overseeing furloughs, layoffs, and multi-million-dollar budget cuts. She’s said no, repeatedly, to promising new scientific initiatives…”

READ FULL ARTICLE [web]
UCSF’s 2014-2015 Plan [web, pdf]
QB3 [web]

Purdue Restructures Processes and Incentives for Research Commercialization to Boost Economic Development

October 1, 2011 Leave a comment

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products.

From Purdue News:

“A new emphasis on extracting more economic value from sponsored research and intellectual property at Purdue University will help move more Purdue research to the marketplace faster and reduce the university’s reliance on tuition and tax dollars.

Purdue President France A. Córdova announced Wednesday (Sept. 28) a three–part Decadal Funding Plan that will increase sources of revenue beyond tuition and state appropriations – the traditional sources for public university funding – by doubling financial capacity through continued cost-cutting, expanding online degree and professional education offerings, encouraging more robust use of campus facilities through summer teaching, and ramping up research commercialization.

A key element is restructuring the processes and incentives for research commercialization with the additional benefit of boosting economic development in Indiana through the creation of new businesses and products. The effort also invests in more entrepreneurial education and support for faculty, students and businesses.

“We intend to leverage our most valuable resources, a first-class faculty and an amazing group of students, to materially improve our performance in creating and supporting entrepreneurs, commercialization of new science and technology, and industry-university collaborations,” Córdova said…”

READ FULL ARTICLE [web]
Purdue Research Park [web]
Discovery Park at Purdue University [web]
Purdue/Industry Partnerships Newsletter [web, pdf]

Lockheed Martin Partners with Universities to Support DOD Small Business and Academic Research Programs

August 22, 2011 Leave a comment

Called the Lockheed Martin Innovation Marketplace, the program will support private sector and academic sector technologists in participating in the Department of Defense’s Small Business Innovation Research (SBIR), Technology Transfer (STTR) and Mentor Protege programs.

From PRNewswire:

HUNTSVILLE, Ala., Aug. 17, 2011 /PRNewswire/ — Lockheed Martin (NYSE: LMT) today announced that it is partnering with three universities to establish a program in Huntsville, Ala., that will support small businesses and universities participating in federal technology programs.

Called the Lockheed Martin Innovation Marketplace, the program will support private sector and academic sector technologists in participating in the Department of Defense’s Small Business Innovation Research (SBIR), Technology Transfer (STTR) and Mentor Protege programs. Collaborating with Lockheed Martin Space Systems Company are Auburn University, Auburn, Ala., Tuskegee University, Tuskegee, Ala., and University of Alabama in Huntsville.

“Working together, Lockheed Martin and our university partners will further increase our active support of Department of Defense programs for small business and academic technology research,” said John W. Holly, vice president of Missile Defense Systems, Lockheed Martin Space Systems Company. “This local-level initiative will provide national-level benefits by helping bring more cutting-edge technologies into the systems our war fighters rely upon to defend our country…”

Read full press release [web]

White House “White Board” Looks at Startup America

August 10, 2011 Leave a comment

Chief Economist Austin Goolsby uses the White Board to walk through the basics of Startup America.

From Policy Forum Blog:

“Recently, [the White House White Board] marked the first 180 days of Startup America with a self-conducted progress report on administration commitments to improve the environment for high-growth entrepreneurship. That list covers five main categories:

  • Unlocking Access to Capital for Entrepreneurs
  • Connecting Mentors to Entrepreneurs
  • Reducing Barriers and Making Government Work for Entrepreneurs
  • Accelerating Innovation from Lab to Market
  • Unleashing Market Opportunities

READ FULL BLOG POST [web]
View White House White Board Presentation [web; video]
Announcing Startup America [web]

Intel puts $30M into New Science & Tech Centers; Announces CFP

August 6, 2011 Leave a comment

The investment is part of a larger $100 million program designed to increase university research and accelerate innovation…

From Business Wire:

SANTA CLARA, Calif.–(BUSINESS WIRE)–Aimed at shaping the future of cloud computing and how increasing numbers of everyday devices will add computing capabilities, Intel Labs announced the latest Intel Science and Technology Centers (ISTC) both headquartered at Carnegie Mellon University.

These centers represent the next $30 million installment of Intel’s recently announced 5-year, $100 million ISTC program to increase university research and accelerate innovation in a handful of key areas. As with previously announced ISTCs for visual computing and secure computing, the new centers encourage tighter collaboration between university thought leaders and Intel. To encourage further collaboration, the ISTCs use open IP models with results publically available through technical publications and open-source software releases.

“These new ISTCs are expected to open amazing possibilities,” said Justin Rattner, Intel Chief Technology Officer. “Imagine, for example, future cars equipped with embedded sensors and microprocessors to constantly collect and analyze traffic and weather data. That information could be shared and analyzed in the cloud so that drivers could be provided with suggestions for quicker and safer routes…”

READ FULL ARTICLE [web]
INTEL Press Release [web]
CFP – New Science & Technology Center – 2012 [web] Deadline: 09/02/2011
More about the ISTC program [web]

Institutions Around the World Answer New York’s Call for Applied Science Campus Proposals

August 3, 2011 Leave a comment

The mayor hopes the plan will propel New York past Silicon Valley as the world’s leading tech center.

From Crain’s NY Business:

“After the city’s bedrock financial sector tanked in 2008, Bloomberg administration officials met with hundreds of entrepreneurs, venture capitalists, chief executives and community leaders and instructed them to come up with a “game changing” idea for the local economy.

The result of that brainstorming is at hand: Top applied sciences schools from around the world are scrambling for the city’s blessing to build a campus here. When Mayor Michael Bloomberg gave a mid-July speech about the competition at a Crain’s conference, Cornell University sent at least 30 representatives, including trustees and its president…”

READ FULL ARTICLE [web]
ANNOUNCING THE RFP FOR NEW/EXPANDED RESEARCH CAMPUS [web]
Cornell’s repsonse: Growing the ‘technology ecosystem’ of the future in NYC [web]