Your SlideShare is downloading. ×
0
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Innovation and Commercialization at UAB with David Winwood
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Innovation and Commercialization at UAB with David Winwood

238

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
238
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Innovation & Commercialization:Research & Technology BasedEconomic Development
  • 2. o 1936: UA opened “Birmingham Extension Center” in old house on 6th Ave N,with 116 studentso 1944: Medical College of Alabama establishedo 1969: UAB becomes one of 3 autonomous campuses in newly formed UASystemo UAB from1969 to present:o Enrollment of 5,381 to 18,000o 15 city blocks to 82; 1.6 million GSF to 13.6 milliono Budget of $50 million to more than $2 billiono In 4 decades, UAB becomes a globally respected research university andmedical center
  • 3. o Largest employer in state of Alabama with 23,000 employees Top 5 Best Places to Work in Academia by The Scientisto $2.6 billion annual budgeto >$450 million in Annualized Research Dollarso 31st in federal research expenditureso 20th overall in NIH fundingo $4.6 billion annual impact on the region’s economyIn just 43 years:
  • 4. • 16 to 1 leveraging on a state investment inFY12 of ~$270 million• Health Center• Construction• Students and on-campus activities• Research• Spin-offs
  • 5. • In the 2012 Academic Ranking of World Universities(ARWU), UAB is in top 100 for life sciences• Performance Ranking of Scientific Papers for WorldUniversities 2012o UAB is 93rd in overall ranking 32nd in clinical medicine 61st in life sciences
  • 6. Sarah ParcakBBC and Discovery ChannelTED FellowGary WarnerNBC “Rock Center” withBrian WilliamsJim McClintockThe Diane Rehm Show (NPR)
  • 7. • UAB has more federal research expenditures than anyother non-member and more than 30 current memberso $324M – 32nd nationallyo Asset in recruitment and to give us a voice in issues criticalto our futureo Research drives innovationo Innovation is key to commercialization and economic vitality
  • 8. • UAB attracts 77% of total NIHfunding to Alabama institutions(with $228.6 million)*• The Scientist ranked UAB in Top5 Best Places to Work inAcademia*2007data
  • 9. UAB Research Fundingo Total research funding has doubled every decade;now ~ $500 milliono Ranked 30th nationally in federally fundedresearch at ~$270 milliono Ranked 22nd overall in NIH funding (~$220 M),four schools in top 25o Health Professions: 2ndo Optometry: 4tho Public Health: 12tho Medicine: 22ndo NIH funding is 77% of state total
  • 10. UAB Also Far Outpaces Other State Universities in Research Expenditures(2007 data)o UAB $269,006o Auburn U. $54,949o UA Huntsville $48,415o UA $27,744o U. South AL $16,400o Tuskegee U. $11,033o AL A&M U. $8,467o AL State U. $1,685o Jacksonville State U. $371o Miles C. $197o Troy U. $181Universities in Alabama had$438,448,000 in federalresearch expenditures in 2007Federal Research Funds(thousands)2009 $3002010 $3252011 $3442012 $2942009-2012 UABFederal Research Funds(millions):
  • 11. State Universities Expenditures ($ millions)UAB 325 (32nd nationally)UAHuntsville 73Auburn U 54U Alabama 26AL A&M 22U South AL 15Tuskegee U 13AL State U 12Total 540NSF 2010 Federal Research Expenditures: Alabama Schools
  • 12. UAB Nationally:Among the Elite Top 301. Johns Hopkins2. Univ of Washington3. Michigan4. Stanford5. UCLA6. MIT7. Pennsylvania8. UC San Diego9. Wisconsin10. UCSF11. Columbia12. Duke13. Penn14. Colorado15. Washington Univ16. Penn State17. Cornell18. Southern Cal19. Yale20. UNC21. Minnesota22. Ohio State23. Vanderbilt24. Case Western25. Texas26. Rochester27. Emory28. Harvard29. Arizona30. UAB
  • 13. Moving Research From University Blvd to Main Street
  • 14.  UABRF owns & manages intellectual property created bythe UAB community 501.c.3. organization Established 1987 No employees (UABRF staff are UAB employees Increased emphasis on economic development: Company formation Corporate partner development Corporate recruitment (with BBA, AL Dept. of Commerce)
  • 15.  Since its formation in 1987, UABRF has generated morethan $65 million in licensing revenues ($41,155,324 since2007), of which: $28,309,458 has been returned to UAB for investmentin further research; and $17,672,112 has been distributed to inventors UABRF’s ROI since 2005 = 3.6 UABRF has helped in the creation of >55 start-upcompanies based on UAB technologies
  • 16. Established Companies
  • 17. Emerging spin-off companies
  • 18. ServiceProvidersNew CompaniesKnowledge CapitalEconomic GrowthInnovationEcosystem:
  • 19. 19
  • 20. • Ongoing collaboration with Birmingham Business Alliance isstronger than evero Commercialization Advisory Committeeo “i2i” (Invention to Innovation) to speed tech transfero Plans to start venture philanthropy fund• Southern Research Institute: The Alabama Drug Discovery Allianceo 20 projects under wayo Promising lead for Parkinson’s Disease• Alabama Launchpad - two winners in 2012
  • 21. Invention to Innovation (“i2i”)
  • 22. UAB’s Entrepreneurial Activity• Strategic Plan Stresses outreach to regional industries; commercialization• College of Arts and Sciences Interdisciplinary Innovation Forum• The UAB Health System Innovation Board• UAB School of Business Entrepreneur-in-Residence• UABRF Embedded Business Development Consultant• Edge of Chaos Space and opportunity for thought leaders to mingle
  • 23. Technology IndustryMetropolitan Birmingham:sixth best “Brain Magnet” in thenation Forbes, February 2011InformationTechnology, 458AnalyticalServices, 81Medical DeviceManufacturing, 39Life SciencesManufacturing, 33
  • 24. Resources: The Region
  • 25. Blueprint Birmingham: Economic ProsperityAction Items:• Develop a public/private partnership “Proof of Concept” center todevelop new startups• Raise an “Innovation Fund” to support the patent portfolio at UAB• Lobby for state/federal appropriations that support theRecruitment of top faculty/facilities to maximize impact on R&Dactivities at UAB
  • 26. • A business incubation facility and program that focuses on the development ofemerging biotechnology/life science, information technology and servicebusinesses, operates in partnership with UAB.• A public-private economic development effort, Innovation Depot is funded bythe Birmingham regional business community, the Community Foundation ofGreater Birmingham and other leading private foundations, UAB, the City ofBirmingham and Jefferson County.• Largest incubator in Southeasto 92 start-ups, 500 employeeso $1.4 billion sales impact in past 5 years• National Business Incubation Association honor:o Top Technology Incubator (2011)• 2012 “Soft Landings” designation for helpinginternational companies navigate into U.S. market(1 of 25 worldwide)One of 7 ‘Hot Startup Incubators”– CNN Money (2011)
  • 27. • Institute for Innovation and Entrepreneurship –implementation 2Q-4Q2013o Internal investment strategy to translate promising concepts intonew companies Malcovery and HelmetWerx as prototypes Advisory panel to include expertise from both inside & outside UAB
  • 28. • Alabama Innovation Fundo First recognition of universities as economic driverso $2M of $4M came to UAB in FY12o Uncertain about FY13o Hopeful for FY14• Philanthropy: Maintaining the Momentumo Since 2008, we have raised $332Mo ~45% growth in endowed chairs, professorships, scholarshipso National Alumni Society has over 10,400 members, 61 chapterso Aggressive fundraising campaign in 2013 New branding initiative:“Knowledge that will change your world”
  • 29. Growing theentrepreneurial ecosystemSource: jumpstartinc.org/ecosystemPrioritizing needs: Proof of Concept Capacity Innovation Fund Entrepreneur Scholars Mentoring Education UABRF - proactive use of 501(c)3
  • 30. David Winwoodwinwood@uab.edu

×