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PURDUE GENETICS AND THE MEANING OF “LAND GRANT”

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Presentation on theme: "PURDUE GENETICS AND THE MEANING OF “LAND GRANT”"— Presentation transcript:

1 PURDUE GENETICS AND THE MEANING OF “LAND GRANT”
…discover and apply new knowledge, and to engage collaboratively with the citizens of Indiana to improve our economy, our culture and overall quality of life. Source: Purdue University System Mission Statement May 15, 2013

2 President, Purdue University
Board of Directors $3 Billion Endowment $1.5 Billion Innovation District and State Street Development 240 University Development Organization $1 Billion Real Estate Established 1930 Ross & Lilly Back A Boiler Merrillville West Lafayette Aerospace District Indianapolis Venture Funds $ $ New Albany Technology Transfer and Commercialization 5 Research Parks 250 Companies

3 YOU DON’T “IF YOU CAN’T UNDERSTAND DISCOVERY WITH DELIVERY
THE UNIVERSITY ENTREPRENERURIAL ECOSYSTEM Funds To Do Research Invention “IF YOU CAN’T EXPLAIN IT SIMPLY, YOU DON’T UNDERSTAND IT WELL ENOUGH.” - A. Einstein Reward Protection Societal Impact Actualization

4 THE NOT SO SECRET WEAPON!
DISCOVERY PARK Bindley Bioscience Center Birck Nanotechnology Center Burton D. Morgan Center for Entrepreneurship Center for Drug Discovery Discovery Learning Research Center Global Sustainability at Purdue Center for the Environment Energy Center Purdue Climate Change Research Center Center for Global Food Security Water Community ACCESS: Advanced Computational Center for Engineering and Sciences Cyber Center Rosen Center for Advanced Computing (ITaP) Oncological Sciences Center Regenstrief Center for Healthcare Engineering Burton D. Morgan Center for Entrepreneurship Birck Nanotechnology Center Bindley Bioscience Center Center for Drug Discovery Gerald D. and Edna E. Mann Hall Hall for Discovery and Learning Research

5 PROTECTION OBJECTIVES INTERNAL IP LEGAL TEAM
PURDUE #15 AMONG WORLDWIDE UNIVERSITIES IN PATENTS ISSUED PROTECTION INTERNAL IP LEGAL TEAM Funds Invention OBJECTIVES Rapid easy disclosure (24/7 online) Timely accurate triage and selection (6 months) Strongest patents at lowest cost (60% cost ) Reward Protection Societal Impact Actualization Disclosure Analysis Selection for Protection (Y) Filing Patent Issued Electronic 24/7 Societal Need Patentability (N) Reconveyance Offered

6 BIG TEN PATENTS PER RESEARCH EXPENDITURE
CONVERSION OF RESEARCH EFFORT TO OUTPUT (PATENTS) Purdue ranks 2nd among Big Ten universities in terms of research $ IP production FY14 AUTM Data

7 PATENTS ISSUED PER RESEARCH EXPENDITURE
OTHER INTERESTING COMPARISONS FY14 AUTM Data

8 ACTUALIZATION OBJECTIVES
INVENT TO THE PROBLEM, IMAGINE THE SOLUTION…FIND THE PARTNER ACTUALIZATION OBJECTIVES Funds Invention Ease and speed Fastest route to significant markets Serve the technology Delight the client and market! Encourage follow on investment to the university… Reward Protection Societal Impact Actualization Create Awareness of Opportunity Media Websites Alumni Likely partners Licensing Corporate 147 corporate clients/year Startups 40 startups/year (27 with IP) 2014/2015 3X Earned Media 25,000,000,000 Impressions

9 EXECUTED LICENSES OF PURDUE IP
ANOTHER RECORD-BREAKING YEAR

10 OVERALL STARTUP RANKING
PURDUE RANKS 3rd IN U.S. IP-BASED PATENT STARTUPS 2014 AUTM REPORT FY14 AUTM Data

11 PURDUE IP STARTUPS ANOTHER RECORD-BREAKING YEAR IP BASED STARTUPS… 41
40 39 Non PU IP

12 BIG TEN STARTUPS PURDUE RANKS 1st FY14 AUTM Data

13 GROUND ZERO FOR ENTREPRENEURSHIP
BURTON D. MORGAN CENTER FOUNDRY SUPPORT SERVICES Opportunity & Client Needs Assessment Education & Training Legal Assistance Corporate Immigration Funding Support & Grant Writing Technical Guidance Market Assessment & Marketing Business Planning Accounting & Finance Alumni Network Expertise & Mentoring Incubator Oversight Website & Web Training Tools Regulatory Guidance Community Network 13

14 14

15 IMI 15

16 for aerospace at PURDUE
RESEARCH, MANUFACTURE ASSEMBLE, SERVICE AEROSPACE PARK Creating a unique place & time for aerospace at PURDUE LEASE Buy BUILD Own FTZ FOREIGN TRADE ZONE North American Sales & Service Manufacturing

17 ROLLS-ROYCE PURDUE RESEARCH PARK AEROSPACE DISTRICT

18 STATE STREET INNOVATION DISTRICT MASTER PLAN

19 License is only the beginning of the relationship!
PURDUE RESEARCH PARKS NAMED INCUBATOR NETWORK OF THE YEAR! SOCIETAL IMPACT OBJECTIVES Funds Invention All efforts to support success of technology and enterprise Be prepared to retrieve stranded technology Reward Protection License is only the beginning of the relationship! Delight the client! Societal Impact Actualization Corporate Encourage/facilitate investment in inventor labs to support development Startups Foundry - Strategy - Funding - 1st customers - Connections - Community Anvil - Students MatchBox - Community Asset Research Parks - Incubator Long-term home Makerspace

20 Acknowledgement that we didn’t just “think it”, we “did it”
REWARD DON’T BE DISTRACTED BY THE ROYALTIES… Funds Invention A growing reputation for “getting it done” to the benefit of our… Funders Faculty Students The World Reward Protection Societal Impact Actualization Hoosier Employment Follow On Investment Royalties Relevance Recruiting Corporate Funding Acknowledgement that we didn’t just “think it”, we “did it” Faculty and Students 1/ / /3 Inventor Department Innovation Fund

21 THE FINAL QUESTION Have we served… …the student? …the faculty?
…the staff? …our fellow man? Not just by thinking, but executing on technologies that can make us… …healthier …happier …more productive

22


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