Med school research confronts new funding landscape | New Orleans CityBusiness HOME SUBSCRIBER CONTENT NEWS LEGAL NOTICES EVENTS SPECIAL SECTIONS BOOK OF LISTS DAILY UPDATE CLASSIFIEDS LOG OUT SUBSCRIBE MANAGE ACCOUNT NEWSSTANDS Med school research confronts new funding landscape POSTED: 10:17 AM Wednesday, October 10, 2012 BY: Mason Harrison, Contributing Writer TAGS: Bayh- Dole Act, Gene D'Amour, Health Sciences Center , Intellectual Property, John Christie, Louisiana State University, medical school, research, Steve Nelson, Tulane University, Xavier University Like Tweet You like this.Be the first of your friends to 1 Public dollars to support academic research are becoming harder to come by as fiscal hawks in Washington, D.C., and a growing federal budget deficit winnow the amount of money available for colleges and universities. The new realities are leading school administrators to find innovative ways to support their scientific endeavors. Such is the case at the three New Orleans schools that specialize in training medical professionals. In addition to supplying the work force, the medical schools at Louisiana State University Health Sciences Center and Tulane University and the pharmacy school at Xavier University are also churning out the commodity of intellectual property. And with the financial landscape of health care shifting toward efficiencies and measurable results, money available for research has undergone comparable changes. E-MAIL ALERT Your e-mail address: Sign up for alerts Find us on Facebook Login New Orleans CityBusiness Rhonda Martinez, a research associate with Louisiana State University Health Sciences Center, isolates and cultures bone marrow cells. (photo by Frank Aymami) Like Confirm “The pool of dollars that we compete for every year has remained the same while the number of institutions seeking funding from the federal government continues to grow,” said John Christie, who leads the Office of Technology Transfer and Intellectual Property at Tulane University. “The budget for (the National Institutes of Health) has remained flat for about the past decade and so the pie has not grown any bigger.” 1,916 people like New Orleans CityBusiness.1,915 people like New Orleans CityBusiness. Coming up with ways to underwrite research programs has always been a full-time job, Christie said, but now the effort has an added sense of urgency. “We’re not exactly sure how to go about securing increased funding, and this is something that we are trying to figure out because the traditional routes are not working,” he said. Those traditional routes largely have involved soliciting government agencies interested in supporting scientific work. More recently, partnering with industry and companies with deep pockets has taken on new significance for schools throughout the country and has caused academics to retool their outreach efforts to the private sector. “The thing about industry is that we don’t find them, they find us,” said Gene D’Amour, senior vice president for resource development at Xavier University. Facebook social plugin FINANCE Enter Symbol Quote Web ETR - NYQ http://neworleanscitybusiness.com/blog/2012/10/10/med-school-research-confronts-new-funding-landscape/[10/15/2012 2:48:25 PM] $69.94 Entergy Corporation Common Stoc GIFI - NMS $27.12 Gulf Island Fabrication, Inc. - Companies usually learn about Stanton HOS - NYQ $N/A $34.73 Med school research confronts new funding landscape | New Orleans CityBusiness Xavier’s marketable research — and the potential for partnerships — when the university’s professors are published in academic and trade journals or present their findings at conferences, he said. And rather than move past schools that successfully have linked with business resources, fiscal belt-tightening has not discouraged government entities from contributing to academic research. “In fact, it’s quite the opposite,” D’Amour said. “Federal agencies are happy to see that your work is being supported by private industry because it indicates that the work you’re doing is valued and needed.” Dr. Steve Nelson, dean of the LSU Health Sciences Center School of Medicine, said schools must be proactive in building relationships with sources that can fund on-campus research. The university has forged alliances with this goal in mind and works with the New Orleans BioDistrict to promote its research, he said. Fostering those connections can be beneficial to a university’s bottom line, with LSU and Xavier bringing in $50 million and $25 million a year, respectively, from outside sources to support its research activities. “Ninety percent of the money we receive to support our research comes from outside of the university,” D’Amour said, which helps to cover a variety of overhead costs linked to scientific research. But landing grant money for academic research is not the only financial benefit schools receive. The chance to commercialize the results of successful research is a perennial possibility and is not lost on administrators examining funding streams from the public and private sectors. Christie said the game-changer for research-based institutions was the Bayh-Dole Act, approved in 1980. Before its approval, the federal government would own the patent on any research developments it helped fund. “But the government had no incentive to do anything with these patents and they would just sit there,” he said. “Under the act, universities are allowed to hold the patents and benefit financially from their research. The law was designed to create jobs and that is exactly what it has done.” But D’Amour said commercializing their academic findings is merely a “consequence of what we do” and not the “primary goal” of researchers, while acknowledging that today’s fiscal climate makes monetizing its academic products a key part of finding ways to sustain future scientific programs. “The reality right now is that it is essential to find ways to place these developments on the market, but doing so is simply and added value,” he said. To sign up for CityBusiness Daily Updates, click here. 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