1. University of North Carolina at Chapel Hill OCED Innovation Seminar Judith Cone Special Assistant to the Chancellor for Innovation & Entrepreneurship Interim Vice Chancellor for Commercialization & Economic Development Members of the OCED Team November 5, 2015

2. WHY?

3. Impact Methods:  Carolina attracts the most talented faculty and students  Ideas and discoveries are leveraged and disseminated.  Classrooms, labs, and studios are incubators of discovery.  UNC is recognized globally as one of the most innovative and entrepreneurial universities. The world is significantly improved because of Carolina’s entrepreneurially minded faculty, students, and staff and their innovations.

4. Innovation Pipeline Source : IPMC R-Research D-Development Industry 80% of R&D $$

5. All: 301+ UNC Startups, with 262 still active Funding (private investments, government contracts, loans): nearly $5.5B · In North Carolina A Major Force in the State’s Economy

6. Value to Faculty  Extend their scholarly work to improve people’s lives.  Additional people to help them, take work off their plate.  Save time and stress, remove friction in the system.  Additional patent investment.  Integration of resources for ease of use and cost savings.  Business development unit added.  Sound methodology behind the program.  Enter into optimal licensing deals that will most effectively take IP to market.  Increase revenues back to university. Split 80% to inventors/units 40%/40%. University keeps 20%.

7. FIT VISION/STRUCTURE

8. With a special focus on urgent challenges, innovators and innovations launched at Carolina consistently apply important ideas for a better world. Vision Strategy Mission Be a place where innovators thrive.

9. For a state and world in need, who can help its citizens gain the resources they need? Who can address environmental concerns? WaterPovertyEnvironment The Challenges What is the role of UNC-Chapel Hill as a global public research university in making the world a better place for all its citizens? Health

10. About UNC-Chapel Hill’s Structure Chancellor Carol Folt Academics Provost James Dean VC Research Barbara Entwisle VC Student Affairs Winston Crisp VC IT Chris Kielt Administration VC Admin & Finance Matt Fajack VC Workforce Strategy Felicia Washington VC Development David Routh VC General Council VC David Routh VC Communication VC Joel Curran Health Affairs VC William Roper Athletics Director Bubba Cunningham VC Commerialization & Economic Development Judith Cone (Bridge between Academics and Administration) Special Assist for Innovation/Eship Judith Cone

11. Carol Folt Chancellor Office of the Vice Chancellor for Commercialization & Economic Development The University of North Carolina at Chapel Hill Organizational Chart November 2015 *TDA: Technology Development Associate Judith Cone Vice Chancellor for Commercialization & Economic Development Open Communications Judy Whitford Finance Honey Braswell Administrative Assistant David Hanks Business Officer Peter Liao TDA, Non-Life Science Open TDA*, Eshelman Chance Rainwater TDA, Chemistry Open TDA*, Pharmacy Kelly Parsons Sr. TDA*, Life Science Lisa Heimbach TDA*, Life Science Bryant Moore Director, Strategic Partnerships Open Director, Technology Development Hold Director, Economic Development Yolanda Perry MTA Manager Jennifer Dean Patent Manager Doris Perry Contracts Ann Byassee Compliance Temporary Technology Dev Asst Kristen Mirek MTA Assistant Kaye Carver Patent Assistant Tim Martin Assistant Director, Kickstart Don Rose Director, Startups Jackie Quay Director, Licensing & Innovation Support Open Funding Innovation & Innovators Michael Kline Sr. TDA Pathways to Impact

12. Office of Commercialization & Economic Development (OCED) Internal Advocates, Pathways to Impact Guides, Startup Services Strategic Partnerships Bridge between UNC and external resources Innovation Support Tech Development Economic Development North Carolina focus Ideas to Use NETWORK PARTNERS: Chancellor’s I&E Office · Offices of Research/Development/Communication · Carolina KickStart · 4D · Kenan Institute · CES · Unit I&E & Econ Dev Liaisons · Blackstone Matrix Organization Team-based Approach

13. JoinLearnTranslateMentorIncubateFundConverge Align & Communicate Putting important ideas to use talentclimatesupport Ecosystem

14. Network Business School Computer Science Institute for Arts & Humanities Digital Humanities School of Medicine School of Media & Journalism Law Education Public Health I&E OCED Ctr for E’ial Studies Chemistry Launch Chapel Hill Arts Eship 1789 Venture Campus Y Economics Exercise & Sport Medicine Applied Physical Science Dentistry Nursing Kenan Institute Reese News Lab KickStart CRVF 4D Carolina Challenge Pharmacy Eshelman Institute Pharmacy Blackstone Putting important ideas to use Putting important ideas o use UNC Health Innovations Social Work Middle Space Ctr for Sustainable Enterprise UNC Global

15. RESOURCES

16. FUNDAMENTALS APS Biomedical engineering Maker Data literacy

17. Funding GRANTS KickStart Awards OCED Awards NC Idea Bio Tech SBIR/STTR Strategic Partners Competitions EQUITY CRVF $10M Univ. Angel Network Angels VCs Strategic Partners

18. Space ON CAMPUS Small unit-based spaces CUBE KickStart Labs (Kenan Labs) Makerspace in Murray Hall (open April 2016) OFF CAMPUS Launch Chapel Hill 1789 Venture Lab RTP Frontier for Blackstone HQs

19. With 866 Licenses granted to date and 45 new licenses generated in FY14, UNC is actively commercializing technologies Life sciences technologies remain the mainstay of UNC’s commercial portfolio Licensees include research tools, pharma, biotech, device and diagnostics companies Life sciences companies have inherently long development cycles with limited near-term revenue potential and a high degree of risk on milestone payments Notable companies in “other” include Samsung Electronics, Co., Ltd., Evisions, Inc., and General Electric (GE) UNC Licensing Strategy UNC Licensees Are Predominantly Life Sciences Source: http://research.unc.edu/about/facts-rankings/research-funding/, Internal UNC data (All UNC Tech Transfer FY13-FY15) Count of unique licensees FY13-FY15 The Vast Majority Of UNC Licensees Are Life Science Companies, Typically With Long Development Cycles

20. Tech Transfer Stats Inventions 4235 Patents Filed 2552 Patents Issue 800 Companies Started 91 Licenses Granted 872

21. STARTUPS Don Rose, PhD Director Carolina KickStart

22. NEO Company NEO Company TAP

23. Start-up University Early-Stage Funding at Carolina Research Technology Development Startup Licensing Product Development Product Launch Research Grants Pre-Seed Awards/Grants Seed Investments VC Series A, B Investments NSF/NIH Grants $500k $2M $10M Angel/Venture Capital Funding Gap Technology Development & Pilot Grants $25k - $50k KickStart Comm. Award $250k SBIR STTR NCBC Loans CAN CRVF

24. STRATEGIC PARTNERSHIPS Bryant M. Moore, PhD Director

25. OCED Sits In A Larger Ecosystem Of Commercialization In North Carolina Office Of Commercialization And Economic Development UNC Efforts Promoting Commercialization Carolina Commercialization Ecosystem Tech Transfer Venture Dev’t NCTraCS Carolina Challenge Launching The Venture Individual School / Department Programs Kenan Institute VCs Local Industry Local / State Government Legal Counsel Econ Dev’t Research Triangle Park *Center for Entrepreneurial Studies, Center for Innovation, Innovate @ Carolina, NC TraCS, the Cube Strategic Partnerships

26. Market Landscape Framework & Strategic Partnership Alignment STRATEGIC PARTNERSHIP OPPORTUNITEIS MARKETS AND MARKET POTENTIALPRODUCTS AND SERVICESAPPLIED RESEARCH AND TECHNOLOGYBASIC SCIENCE AND TECHNOLOGY OCED’s Primary Focus UNC Research Primary Focus

27. There Is Opportunity To Partner With UNC At Every Stage Of Technology Development Technology Maturity Time & Investment Discovery Sponsored Basic Research Sponsor UNC faculty on research topic with commercial potential Development Sponsored Tech Development Establish research agreements with options to commercialize Licensing Licensing Opportunities License out technologies ready for commercializing through licensing agreements 1616 Investment In Startups Invest in UNC startups which have already initiated the process of commercializing technologies developed at the institution Investment -Strategic Partnerships Primary Focus -UNC Research Primary Focus