“President Obama’s Initiative on University Research Commercialization: How Universities Plan To Respond”

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Presentation transcript:

“President Obama’s Initiative on University Research Commercialization: How Universities Plan To Respond”

Partnerships for Growth: Leveraging Intellectual Capital for Economic Development and Profits R.W. T REWYN V ICE P RESIDENT FOR R ESEARCH K ANSAS S TATE U NIVERSITY M ANHATTAN, K ANSAS Sun Tzu: “Opportunities multiply as they are seized.”

Partnership Model It’s Focused on Kansas State University Helping Companies Make Money – It’s not about the number of patents produced and licensed, although Kansas State does that too – It’s about monetizing capabilities and intellectual capital Organized to Capture and Add Value Anticipated to Share in the Business Proposition Expected to Create High-Value 21 st Century Jobs Integral to Kansas State’s Vision 2025 Strategic Plan General George C. Patton: “If everyone is thinking alike, then somebody isn’t thinking.”

Knowledge Based Economic Development Recruitment website: pickmanhattan.com

University Research Focus Areas for KBED: Animal Health, Plant Science, Grain Science, Food Science and Safety, Nano Science, and Mechanical and Nuclear Engineering National Bio and Agro-Defense Facility: $800M Kansas City Animal Health Corridor: One-Third (  ) of the Global Animal Health Revenues Manhattan, Kansas: Forbes #1 Small Community for a Business and Career KBED = Leveraging Capabilities Warren Buffett: “Price is what you pay. Value is what you get.”

Corporate Engagement Office (CEO) K ANSAS S TATE CEO Recruit Research Partner Educate Connect  CEO: Being stood up in 2012 to facilitate corporate interactions.

RecruitResearchPartnerEducateConnect Access talent university-wide and promote company capabilities and employment opportunities to students across the university campus Leverage broad- based university faculty expertise and connect to state-of-the-art university laboratories, research centers and institutes License university technologies and establish joint venture partnerships to generate profits for the company and the university Design advanced education/ professional development programs that can evolve and transform the company’s workforce Develop and facilitate community relationships for the purpose of increasing the company’s regional presence and visibility What Will the CEO Services Provide? Henry Ford: “If everyone is moving forward together, then success takes care of itself.”

Inputs: Outcomes: Stock Warrants in Abaxis Royalty on Net Sales Pathology Services Contract National Veterinary Diagnostic Credibility Veterinary Pathology Expertise/Infrastructure Entrepreneurial Leadership & Faculty Inputs: Outcomes: Instant Credibility with Veterinarians Lower Risk Faster to Market Managerial Talent & Business Expertise Financial Resources Established National Sales Force Partnership Example: Abaxis, Inc. Sam Walton: “Capital isn’t scarce. Vision is.”