Alternative Revenue Sources to Fund Research
Geoffrey S. Chatas
Senior Vice President for Business and Finance
and Chief Financial Officer
Research at The Ohio State University
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Office of Research
Research Across a Large University
Targeted Investments in Excellence (TIEs)
A 5-year, $110 million investment targeting major global concerns
through multidisciplinary work:
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Climate, Water, and Carbon
Mathematical Biosciences Institute
Public Health Preparedness Program
Center for Cosmology and Astro-particle Physics
Center for Clean, Sustainable Energy
Advanced Materials Initiative
Population and Health Initiative
Translational Plant Sciences Initiative
The Music Industry Program
Micro-RNA Project
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Centers for Innovation: Leading Innovation and
Discovery to Address Problems of Global Dimension
• Centers for Innovation: Leading Innovation and
Discovery toAccess
Address
Problems of Global
Poverty
to
Hunger
energy
Dimension
Art and
culture
Health and
disease
Industrial
competition
Climate
change
Economic
systems
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Collaboration Across Disciplines
Food Innovation Center
• Designing foods for health
• Food safety
• Biomedical nutrition/
disease prevention
• Global food strategy
and policy
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Finding Solutions to Global Challenges
Health
and Wellness
Photo courtesy of the Ohio State Medical Center
Food Production and
Security
Energy and the
Environment
Photo courtesy of the Ohio State Office of Energy and Environment
Discovery Themes
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Ohio
ThirdFrontier
Frontier Program
Ohio
Third
Program
– 60+ Ohio State
projects
• 60+ Ohio State
projects
• Facilities and
laboratories
• Industry-university
collaborations
• Product development
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“Partnerships with
WithaaPurpose”
Purpose”
The Ohio State University
Industry Liaison Office
Accelerating Innovation…
• Connections
• Strategic Partnerships
• Project Collaborations
• Student Opportunities
• Sponsored Research
• Support Services
• Opportunity Assessments
…building global leadership
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“The Gateway” to Ohio State
Innovation and Expertise
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Ohio Research Industry Partnerships
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Ohio State is actively engaged in
more than
760 partnerships
with industries representing 40 states
The number of industry partners
are represented in each state
One example of a College investing in
faculty research - Medicine
• The College of Medicine (COM) invests in its
researchers via three programs
– Equipment/Shared Resource Program
• Created to support the purchase/upgrade of shared
equipment or the development and dissemination of
innovative methodologies expanding Core use
• Applications are reviewed by COM Core Oversight
Committee
• $475,000 have been awarded since FY10 to 16
researchers
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Office of Research
COM Research Investments
– Bridge Funding Grant Program
• Created to provide short-term bridge funding to faculty
with favorably reviewed but unfunded federal research
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Goal: Support research that is likely to be federally funded
All applications are peer reviewed..
Since FY10, 13 researchers have received more than $780,000
4 of these researchers have subsequently secured federal funding.
Enhancement of review process recently implemented to increase
this success rate.
– Pilot Funding Grant Program
• Recently created to fund preliminary data collection for
proposal development
• First round of application due September 2012
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Technology, Commercialization, and Knowledge Transfer
Great economies are
built around great
universities, which
attract:
Capital
Industry
Funding
Entrepreneurs
Excellent
Faculty
Great Minds
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The Transformative Opportunity
• Universities
become the
drivers
Top 25 Large Metros:
Forbes Best Places 2011
• Almost 85%
of capital and
companies
stay within
50 miles of
universities
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The Transformative Opportunity
So why do so many
universities fail?
Less than 7% make over
$20 million
What will it take to make
OSU a driver?
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Cradle-to-Grave Manager for OSU Inventions
• The Technology
Commercialization
Office (TCO) at Ohio
State supports all phases
of university technology
commercialization and
start-up development.
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TCO: Changing Our Industry Partnerships
INSIGHT
Idea
Research/IP
Protection
Basic Research
Industry
Prototype
Lab Prototype
Applied Research
Launch/
Customers
Beta
Market Directed
Research
Growth
Product
Development
Companies
Students
Ideation
$$
Researchers
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New Partnerships
Identify strategic
partners who can:
• Enhance research
• Accelerate product
development
• Increase impact
• Increase return on investment
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Office of Research
New Partnerships
OSU-Battelle Innovation Center is a unique
public/private partnership built to:
• Attract outside capital for R&D
• Invest in and commercialize technology
breakthroughs
• Educate and train the next generation of
entrepreneurs and translational scientists
• Set a standard in commercialization leadership
• Expedite product development and
prototyping
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Supporting Structures
 The Ohio State Innovation Foundation (OSIF) provides
OSU with a structure for:
Investment in its most promising technologies and start-ups
Fund-raising and Education endowments
Partnerships to create and manage equity investments
Greater responsiveness and flexibility
Increased security for corporate partners
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Office of Research
Faculty Innovation Scorecard
2012
2013
2014
Total
Number of Patents
Number of Patents Issued in the Last Five Years
Number of Full Patent Applications Filled
Number of Start-Ups
Number of Licenses to Industry
Number of Licenses for Tangible Property
Number of Licenses for Software
Number of MTAs on File
Number of Start-Ups that have Received
SBIR/STTR Funding
Amount of SBIR/STR Funding Received
Number of Start-Ups that have Received
VC/Angel Funding
Amount of VC/Angel Funding
Number of Industry Sponsored Projects
Monetary Amount of Industry Sponsored Projects
Number of Projects with Clinicians with
Governmental Funding
Monetary Amount Received from Government for
Projects with Clinicians
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Challenges and Opportunities
Challenges
Federal budget
Federal regulations
State budget
Faculty retirements
Change in focus of Ohio Third Frontier program
Opportunities
Collaboration (big projects) across colleges
Industry downsizing in-house R&D
Medical Center expansion and Nationwide Children's expansion
Creation of office to pursue large grant opportunities
Innovation opportunities with Battelle
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Questions and Discussion
Thank you.
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Office of Research