Building Upon Progress The Pipeline Over 100 new inventions in past five years IP portfolio exceeding 100 issued/pending patents globally >$1.0 M in resin.

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Presentation transcript:

Building Upon Progress The Pipeline Over 100 new inventions in past five years IP portfolio exceeding 100 issued/pending patents globally >$1.0 M in resin sales $26M private investment to UM Spin-out Rivertop $2.5 M contract to UM spin out Sunburst for production of 100 patented sensors. The Network Executive in Residence Program MEP Angel Network Montana Technology Enterprise Center Blackstone LaunchPad Montana Procurement and Technical Assistance Program Bitterroot Economic Development District MT World Trade Center

A number of companies have been started by UM faculty and students, including: Rivertop Renewables, Audience Awards, AIM GeoAnalytics, Sunburst Sensors, GCS Research, Bee Alert Technology, Purity Systems, Visual Learning Systems, Endobiologics, AquilaVision, TerraEchos, Arstana, Transsynaptic Technologies, GT NeuroPharms, Sinapis Pharma, Ateris Technologies, Big Sky Biotechnologies, Montana Medical Research LLC, Montana Microbial Products LLC, MorTan, Nutritional Laboratories International, Promilliad Biopharma and Rocky Mountain Biologicals. The Procurement Technical Assistance Center (PTAC) at UM is dedicated to helping local businesses successfully compete in the government marketplace. The Missoula PTAC currently advises 300 local businesses. The Blackstone LaunchPad at the University of Montana helps students, alumni, faculty, and staff turn their ideas, skill and passions into real world businesses and non-profit organizations. Since opening in February 2014, the LaunchPad has assisted over 250 individuals with over 100 ideas/ventures. IP/Tech Transfer provides intellectual property and patent/license information and support for UM innovators to protect and commercialize their IP. UM’s IP portfolio exceeds 100 issued/pending patents worldwide including treatments for TBI/stroke as well as renewable chemicals. The Montana Technology Enterprise Center is the central hub for entrepreneurship and economic development in western Montana. The 32,000 square foot facility is the home to ten high growth enterprises ( employees) all aiming to graduate the program within a two to four year window. MonTEC tenants and affiliates gain insider access to the MT High Tech Alliance, the BitterRoot Economic Development District, the Blackstone LaunchPad, the Missoula Procurement and Technical Assistance Program, the Montana World Trade Center along with the University of Montana. Entrepreneur-In-Residence (EIR) program provides hands on assistance to start-up companies looking to grow and scale. Datamaglia, a 2014 participant in the $25B/yr app market was recently selected to join a prestigious incubator in Chili. UM Innovation

521 Directly Supported Jobs 1,075 permanent, high- paying, year-round jobs in the Montana economy (average earnings of $63,147) $64.3 million in income received by Montana households $55.3 million in disposable (after tax) personal income $134.9 million in annual sales to Montana businesses and other organizations $87.9M Professional & Technical Services $10.7M State & Local Government $9.4M Wholesale/Retail Trade $8.9M Construction $5.7M Healthcare & Social Assistance $12.3M All Other a population statewide that is larger by 881 people, including 204 school-aged children University of Montana Research and Creative Scholarship Economic Impact* * “ The Economic Contribution of Research at the University of Montana ”, BBER, Summer 2014