Creating the Future Why wait? Chris McKinney Associate Vice President Professor of Business www.reachhealth.com Welcome to the Georgia Regents University Literacy Center! Our mission is to deliver literacy-related community services such as individual tutoring to learners of all ages, summer literacy camps, literacy sponsored plays, and much more! http://www.gru.edu/colleges/education/lcenter/ • Patent inventions • Copyright expressions • Trademark / service mark source of goods / services • Trade secret secrets www.nist.gov Georgia Regents University Innovation Commercialization Infrastructure Innovation Income Industry Impact P h i l i p s C o l l a b o rat i o n (Georgia Bio “Deal of the Year” Winner – January, 2014) Economic Development Business Incubation Technology Transfer Why do innovation commercialization? Translate university research into public benefits. Foster collaborations with industry. Promote economic development. Reward, recruit, and retain faculty. Generate revenue to fuel the research enterprise. “Impact and Income” Innovation Matters www.usaid.gov G EORGIA R EGENTS U NIVERSITY Innovation Commercialization Research Funding OIC service examples: Material transfer agreements • Commercially-viable IP (protect) • Marketing (technology push/market pull) • Transfer (license) - existing small, medium, or large firm - start-up • Manage relationships Faculty service is essential in promoting technology transfer • New innovations (identify and triage) Confidentiality agreements Inter-institutional agreements Sponsored research agreement support Clinical trials agreement support Intellectual property management Revenue distribution Start-up formation Incubation Investment contacts Compliance services General advising Economic development OIC Team Key Metrics (FY11-13) www.camellix.com Office of Entrepreneurship http://www.gru.edu/hull/entrepreneurship/ Accelerate commercialization of business ideas by guiding the flow of innovation Teach the basics of entrepreneurship Help create a regionally-based culture of new business incubation Innovation Summit 2014 October 7, 2014 Creating the Future "It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them." - Steve Jobs Creating the Future Why wait? Christopher D. McKinney, DA, MBA Associate Vice President, Innovation Commercialization Professor of Business, James M. Hull College of Business Georgia Regents University Christopher.McKinney@gru.edu 706-721-4062 (office) 615-496-0731 (cell) www.gru.edu/oic February 3, 2014