Innovation and Knowledge...

Effective Technology Transfer and Economic Development

Innovation and Knowledge Transfer

Sethuraman “Panch” PanchanathanSenior Vice President

Office of Knowledge Enterprise Development

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Supporting Research, Entrepreneurship and Economic Development

• Fostering Innovation and Economic

Development

• Enhancing IP Policy

• Successful Commercialization

• Value of Academic Partners

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Innovation: Drives Economic Growth

2nd

Industrial

Revolution

Heroic

Inventor

Science: The

Endless Frontier

Entrepreneurship

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Innovation and Economic Development

Success Factors of Innovation

Leaders

• The Human Factor of

individuals and teams is critical

for success

• Workers with advanced

degrees are an essential

starting point for innovation

• Science, technology and

innovation play an important

role in economic development

• Aligning higher education and

innovation goals is essential

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Economic Development: Startups Create New Jobs in U.S.

• New businesses account for nearly all net new job creation and almost 20 percent of gross job creation

• Companies less than one year old have created an average of 1.5 million jobs per year over the past three decades

Protecting and Preserving a Startups Value

• Protects against competitors copying

• Protects within country markets

• Protection Enables effective entry into external markets

• Attracts investors – particularly for start-ups

• Attracts industry interest

IP is not required in all cases

• Dependent on the business model

• Open innovation may be a viable route in certain markets

• Example: open source software and genetic testing

Preserving Value: Intellectual Property requires protection

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• Enhancing the 1980 Bayh-Dole Act

• Minimizing “patent trolls”

• Leveling the playing field for large and

small companies

• Promoting industry partnerships with

academia

• One size does not fit all - linking IP

policy to the end goals

Fostering Innovation: Enhanced IP Policy

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Market Stream

INDUSTRY PARTNERS

ACADEMIA PARTNERS

Fostering Innovation: Leveraging Corporate Partnerships

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Research Stream

Academic/industry models at ASU:

• Flexible Display Center

• Engineering Research Centers

• Science Technology Centers

• Global Institute of Sustainability

• Flexible IP models:

- Master research agreements

- Consortium agreements

- Express license agreements

Fostering Innovation: Industry Partnerships

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Classic Technology Commercialization Model

Translational

Research

Intellectual

PropertyFunding

Basic

Research

Applied

Research

Industry Startup

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Crossing the Chasm: Bridging the Gap to Success

Intellectual

PropertyFunding

Basic

Research

Applied

Research

Industry Startup

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Arizona Furnace competition

Six-month accelerator experience for startups

• Catalyst Fund

• Incubation space - SkySong

• National Programs - iCorps

• Regional hubs for collaborations

- Collaborate with universities: UCLA, Caltech, USC, etc

- Collaborate with southern CA resources: LAVA, First Look LA, etc

- Leverage southern CA entrepreneurial talent

- Leverage southern CA investment community

• DoD Pracademic Center of Excellence in Technology Transfer

• The Maricopa County Manufacturing Venture Fund

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Academic Partnerships and Models that Work

SkySong, the ASU Scottsdale Innovation Center

The best way to predict the future is to invent it.

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- Alan Kay

• Innovation Supports Economic Development

• Intellection Property Protection is a Priority

• IP Policy Is A Good Starting Point

• Industry and Academic Partners Foster Innovation

• Create Models that Support Successful

Commercialization

The best way to predict the future is to invent it.

- Alan Kay

The best way to predict the future is to invent it.

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THANK YOU!