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University of Texas, Austin

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University of Texas, Austin

  1. 1. <ul><li>Integrated Technology Commercialization </li></ul><ul><li>A Presentation to </li></ul><ul><li>Global Venture Lab Network </li></ul><ul><li>Inaugural Academic Summit </li></ul><ul><li>UC Berkeley </li></ul><ul><li>Steven P. Nichols, Ph. D, J.D., P.E. </li></ul><ul><li>Professor of Mechanical Engineering </li></ul><ul><li>Director, Chair of Free Enterprise </li></ul><ul><li>Cockrell School of Engineering </li></ul><ul><li>The University of Texas at Austin </li></ul>March 19, 2009 © Steven P. Nichols 2009
  2. 2. Chair of Free Enterprise <ul><li>… to create and nurture a culture of technology innovation, creativity, and leadership at The University of Texas and the global community that we serve. </li></ul>March 19, 2009 © Steven P. Nichols 2009
  3. 3. Entrepreneurial Infrastructure March 19, 2009 © Steven P. Nichols 2009
  4. 4. March 19, 2009 © Steven P. Nichols 2009
  5. 5. March 19, 2009 © Steven P. Nichols 2009
  6. 6. March 19, 2009 © Steven P. Nichols 2009
  7. 7. March 19, 2009 © Steven P. Nichols 2009
  8. 8. Does Technology Have Inherent Application? <ul><li>Intellectual value? </li></ul><ul><li>Academic value? </li></ul><ul><li>Societal value? </li></ul>March 19, 2009 © Steven P. Nichols 2009
  9. 9. Does Technology Have Inherent Application? <ul><li>Intellectual value? </li></ul><ul><li>Academic value? </li></ul><ul><li>Societal value? </li></ul><ul><li>Technology has no additional social value until one creates a link between the technology and social need </li></ul>March 19, 2009 © Steven P. Nichols 2009
  10. 10. Missions of University <ul><li>Universities create and disseminate knowledge </li></ul><ul><ul><li>Education </li></ul></ul><ul><ul><li>Research </li></ul></ul><ul><ul><li>Service </li></ul></ul>March 19, 2009 © Steven P. Nichols 2009
  11. 11. Knowledge Transfer Process March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Transfer Functions Social & Economic Value Added
  12. 12. March 19, 2009 © Steven P. Nichols 2009 University (Knowledge Generation) Funding Sources Graduates Faculty Consulting Faculty / Staff Departures Publications Non-traditional Transfer Functions Social Value Added Economic Value Added Natural Non-traditional Mechanisms:
  13. 13. Examples of Economic Value Added from University of Texas (Based on fundamental research) <ul><li>Tracor </li></ul><ul><li>National Instruments </li></ul><ul><li>Nanotechnologies Inc. </li></ul>March 19, 2009 © Steven P. Nichols 2009
  14. 14. Examples of Economic Value Added from University of Texas (Based on fundamental research) <ul><li>LabNow (AIDS detection—UT/Harvard) </li></ul><ul><li>Molecular Imprints </li></ul><ul><li>Therasense (FreeStyle) </li></ul>March 19, 2009 © Steven P. Nichols 2009
  15. 15. An example of job and value creation from UT Austin <ul><li>Molecular Imprints </li></ul><ul><ul><li>University of Texas at Austin invention </li></ul></ul><ul><ul><li>$ 60+ M in out of state capital </li></ul></ul><ul><ul><li>$ 36 M in Federal funding </li></ul></ul><ul><ul><li>$ 3 M in ETF funding </li></ul></ul><ul><ul><li>100+ jobs </li></ul></ul><ul><ul><li>World changing technology – Nano printing press </li></ul></ul>March 19, 2009 © Steven P. Nichols 2009
  16. 16. An example of job and value creation from UT Austin (but not in Texas) <ul><li>Freestyle Diabetes monitor </li></ul><ul><ul><li>Inventor – Adam Heller, University of Texas at Austin </li></ul></ul><ul><ul><li>Founded company – Therasense in Alameda, CA. </li></ul></ul><ul><ul><li>Revenues of $177M </li></ul></ul><ul><ul><li>Acquired by Abbott for $1.2B in 2005 </li></ul></ul><ul><ul><li>Abbott moved its entire diabetes division to California </li></ul></ul>March 19, 2009 © Steven P. Nichols 2009
  17. 17. March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
  18. 18. Identification of the Innovation Gap in Engineering Education March 19, 2009 © Steven P. Nichols 2009 The Commercialization Process and Innovation Gap Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) Univ. Research INNOVATION GAP
  19. 19. Creation of the Idea to Product® Program March 19, 2009 © Steven P. Nichols 2009 Crossing the Innovation Gap: The I2P® Program Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) The Idea to Product® Program (curricular and extra-curricular) Univ. Research
  20. 20. <ul><li>Stockholm School of Entrepreneurship, Sweden </li></ul><ul><li>Texas A&M University </li></ul><ul><li>Trinity College Dublin, Ireland </li></ul><ul><li>Universidade Estadual Paulista Julio de Mesquita Filho/ Universidade Estadual de Ponta Grossa/ Fundação Getulio Vargas, Brazil </li></ul><ul><li>University of New Hampshire </li></ul><ul><li>University of Colorado at Boulder </li></ul><ul><li>University of Texas </li></ul><ul><li>City University London, UK </li></ul><ul><li>COTEC, Portugal </li></ul><ul><li>Georgia Institute of Technology/ Emory University </li></ul><ul><li>Illinois Institute of Technology </li></ul><ul><li>Keio University, Japan </li></ul><ul><li>Penn State University </li></ul><ul><li>Purdue University/ Indiana University </li></ul><ul><li>RWTH Aachen University, Germany </li></ul>
  21. 21. UT Partners in the Texas Alliance for Technology Commercialization March 19, 2009 © Steven P. Nichols 2009 DEPARTMENT OF BIOMEDICAL ENGINEERING Office of Technology Commercialization Office of Sponsored Projects The University of Texas at Austin Office of the V. P. for Research Center for Nano- and Molecular Science & Technology Herb Kelleher Center for Entrepreneurship McCombs School of Business The College of Natural Sciences
  22. 22. Partially Funded by NSF Grant #0650249 Partnership for Innovation Program March 19, 2009 © Steven P. Nichols 2009
  23. 23. March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
  24. 24. March 19, 2009 © Steven P. Nichols 2009

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