Sponsored Programs Update, FY2010 September, 2010 David Reed.

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Presentation transcript:

Sponsored Programs Update, FY2010 September, 2010 David Reed

Outline Sponsored Program Awards, FY10 Research Expenditures, FY10 Intellectual Property, FY10 Michigan Tech Entrepreneurial Support Corporation

FY10 Sponsored Program Award Update

FY2010 Sponsored Program Award Update Awards for FY10 totaled $58.7 million, an increase of 11% over FY09. Federal awards increased 20% to $48.2 million, including $10.3 million of ARRA funding in FY10.

FY10 Sponsored Program Award Update

FY2010 Update Research Expenditures

FY2010 Research Expenditures Research expenditures for FY10 increased to $63.5 million, an increase of 5.1% over those of FY09. ARRA expenditures were $1,158,695; there are substantial ARRA funds that have been awarded, but not yet spent.

FY10 Update Intellectual Property

FY2010 Update Intellectual Property Licensing income in FY10 totaled $308,175, an decrease of 33% from FY09. Of the total, $65,688 was distributed to the inventors and $99,610 was distributed to departments.

Michigan Tech Start-up Angel/VC License/Royalty Michigan Tech Entrepreneurial Support Corporation

Start-up Angel /VC Superior Innovations, Inc MTESC 501c3 Michigan Tech Michigan Tech Michigan Tech Fund Michigan Tech Fund License/Royalty Subcorp

Michigan Tech Entrepreneurial Support Corporation MTESC will enhance opportunities for faculty, staff, and students to commercialize their discoveries. It will focus on an unaddressed link in the chain from invention to commercial enterprise, the activities between technology discovery and formation of a startup enterprise.

Michigan Tech Entrepreneurial Support Corporation MTESC will be a 501 (c) (3) non-profit corporation and is expected to have one or more for-profit subsidiary corporations One of these will be an umbrella corporation, tentatively titled Superior Innovations, Inc.

Michigan Tech Entrepreneurial Support Corporation MTESC will function as a proof-of-concept center to support technology commercialization from laboratory discovery to formation of a startup enterprise MTESC is complimentary to, and not a replacement for, current economic development activities in the community.

Michigan Tech Entrepreneurial Support Corporation Proof-of-Concept Center Deshpande Center, MIT Von Liebig Center, UCSD