Technology Transfer Outcomes February 27, 2014 Research Retreat Kelly B. Sexton, Ph.D. Director O f f i c e o f Te c h n o l o g y T r a n s f e r North Carolina State University © 2014 Office of Technology Transfer Who, What, and Why Who? A team of customer service oriented professionals that have broad expertise in business development, patent law, and research. What? A service organization providing technology development and intellectual property support to NC State employees. Why? Successful Technology Transfer: Raises the visibility of University research, facilities and expertise Creates new funding opportunities through strengthened ties with industry Helps recruit and retain faculty interested in seeing their research translated into products Stimulates economic development: new products, new companies, new jobs Benefits the public NC State IP by the Numbers – 1984 to Date 3,400+ Invention Disclosures Licensing Team 1,445 U.S. Patent Applications USPTO U.S.Patents 837(271 pending) EXISTING COMPANIES *FY09 – FY13 1,594 Licenses 855 Licensees 439 Products to Market $25.6M in licensing revenue* STARTUPS & SPIN-OFFS 100+ Startups & Spin-offs 98 Licenses $1.5B in Venture Capital 16 Products to Market 7,000+ Jobs $2.8M in licensing revenue* Over the last 5 years, 53% of NC State patents licensed compared to an estimated 5% nationally. Source: “Universities struggle to make patents pay.” Nature News. September 24th, 2013. North Carolina State University © 2014 Accelerating Impact: Technology Transfer Activity FY 2013 5 Year Average* Invention Disclosures 238 168 Patents Issued 117 80 U.S. Patents Filed 145 137 Commercialization Agreements 111 80 8 6 $6.8M $5.0M Startups Licensing Revenue North Carolina State University © 2014 *(FY08 – FY12) Top 10 Universities without Medical Schools in Technology Transfer Metrics (FY 2012) Invention Disclosures Received 0 100 200 300 400 500 600 License Revenue $0 700 MIT MIT GA Tech Princeton University Purdue Research Fdn. CalTech CalTech Carnegie Mellon University NC NC State State University of Houston Arizona State University Iowa State University Johns Hopkins, APL University of Oregon University of Georgia University of Georgia Rutgers The State Univ. of NJ NC State Carnegie Mellon University Rutgers The State Univ. of NJ 50 100 150 200 0 250 MIT University of Georgia CalTech GA Tech GA Tech Oregon State University Purdue Research Fdn. MIT Rice University Arizona State University NC NC State State Purdue Research Fdn. Rutgers The State Univ. of NJ Carnegie Mellon University University of Georgia North Dakota State University New Jersey Inst. of Technology Rutgers The State Univ. of NJ Princeton University NC State North Carolina State University © 2014 Millions $150 $100 Licenses and Options Executed US Patents Issued 0 $50 S o u r c e : A U T M S u r v e y, F Y 2 0 1 2 50 100 150 200 250 Startups Based on NC State Technology North Carolina State University © 2014 NC State Innovation and Entrepreneurship Ecosystem Arts Entrepreneurship Engineering Entrepreneurship Social Entrepreneurship Entrepreneurship Initiative Business Entrepreneurship Student Companies Office of Technology Transfer Existing Companies Chancellor’s Innovation Fund Startups Faculty, Grad Student, Postdoc & Staff Inventors TEC North Carolina State University © 2014 Office of Technology Transfer New Initiatives OTT Venture Development program Increasing the impact of our startups Blackstone Entrepreneur’s Network NC State, UNC-CH, NCCU, Duke, CED Entrepreneurs-in-Residence and Student Fellows HQ Raleigh Agreement Co-working space and mentoring North Carolina State University © 2014 Office of Technology Transfer New Initiatives Bridging the Gap from Research to Commercialization Chancellor’s Innovation Fund (since 2010) 17 projects funded (up to $75K) 5 commercialization agreements 2 startups $3.5M in external development funds $250K in license revenue Software Incubation Building on our unique capabilities as a land grant institution by digitizing and commercializing subject matter expertise North Carolina State University © 2014 New Industry Partnership Model Impact through Industry Collaboration Initiated and managed by cross-functional team Dedicated account manager Master Research and IP Agreements Reduce uncertainty related to licensing inventions through preset terms Research Engagement Fee (10% of funding) Company manages IP protection Royalties incoming after significant commercial threshold is met University retains publication rights and non-exclusive license for research and educational purposes North Carolina State University © 2014 Licensing Success SmartFreshTM Ethylene inhibiting technology to extend fruit and vegetable shelf life. Exclusive License to Dow 150+ Jobs Created $20+ Million in revenue generation for NC State Improved Customer Product North Carolina State University © 2014 Plant Variety Success Covington Sweet Potatoes Variety released by NC State in 2005 Accounts for 90% of sweet potatoes grown in North Carolina, and 20% nationally #1 sweet potato exported out of US North Carolina State University © 2014 North Carolina State University © 2013