University of North Carolina at Chapel Hill OCED Innovation Seminar

Judith ConeSpecial Assistant to the Chancellor for Innovation & EntrepreneurshipInterim Vice Chancellor for Commercialization & Economic DevelopmentMembers of the OCED Team

November 5, 2015

WHY?

Impact

Methods: Carolina attracts the most talented faculty and students

Ideas and discoveries are leveraged and disseminated.

Classrooms, labs, and studios are incubators of discovery.

UNC is recognized globally as one of the most innovative

and entrepreneurial universities.

The world is significantly improved because of Carolina’s entrepreneurially minded faculty, students, and staff and their innovations.

Innovation Pipeline

Source: IPMC

R-Research D-Development

Industry80% of R&D $$

All: 301+ UNC Startups, with 262 still activeFunding (private investments, government contracts, loans): nearly $5.5B·

In North CarolinaA Major Force in the State’s Economy

Value to Faculty

Extend their scholarly work to improve people’s lives. Additional people to help them, take work off their plate. Save time and stress, remove friction in the system. Additional patent investment. Integration of resources for ease of use and cost savings. Business development unit added. Sound methodology behind the program. Enter into optimal licensing deals that will most effectively take

IP to market. Increase revenues back to university. Split 80% to inventors/units

40%/40%. University keeps 20%.

FITVISION/STRUCTURE

With a special focus on urgent challenges, innovators

and innovations launched at Carolina consistently

apply important ideas for a better world.

Vision

Strategy

MissionBe a place where innovators thrive.

For a state and world in need, who can help its citizens gain the resources they need? Who can address environmental concerns?

WaterPoverty Environment

The Challenges

What is the role of UNC-Chapel Hill as a global public research university in making the world a better place for all its citizens?

Health

About UNC-Chapel Hill’s Structure

Chancellor Carol Folt

VC Commerialization & Economic Development

Judith Cone (Bridge between Academics and Administration)

AcademicsProvost

James Dean

VC Research Barbara Entwisle

VC Student Affairs Winston Crisp

VC IT Chris Kielt

Administration

VC Admin & Finance Matt Fajack

VC Workforce Strategy

Felicia Washington

VC Development David Routh

VC General Council VC David Routh

VC Communication VC Joel Curran

Health Affairs VC William Roper

Athletics Director Bubba Cunningham

Carol FoltChancellor

Office of the Vice Chancellor for Commercialization & Economic DevelopmentThe University of North Carolina at Chapel Hill

Organizational ChartNovember 2015

*TDA: Technology Development Associate

Judith ConeVice Chancellor for Commercialization &

Economic Development

OpenCommunications

Judy WhitfordFinance

Honey BraswellAdministrative

Assistant

David HanksBusiness Officer

Peter LiaoTDA, Non-Life Science

OpenTDA*, Eshelman

Chance RainwaterTDA, Chemistry

OpenTDA*, Pharmacy

Kelly ParsonsSr. TDA*,

Life Science

Lisa HeimbachTDA*, Life Science

Bryant MooreDirector, Strategic

Partnerships

OpenDirector, Technology

Development

HoldDirector, Economic

Development

Yolanda PerryMTA Manager

Jennifer DeanPatent Manager

Doris PerryContracts

Ann ByasseeCompliance

Temporary Technology Dev Asst

Kristen MirekMTA Assistant

Kaye CarverPatent Assistant

Tim MartinAssistant Director,

Kickstart

Don RoseDirector, Startups

Jackie QuayDirector, Licensing & Innovation Support

OpenFunding Innovation &

Innovators

Michael KlineSr. TDA

Pathways to Impact

Office of Commercialization & Economic Development (OCED)

Internal Advocates, Pathways to Impact Guides, Startup Services

Strategic PartnershipsBridge between UNC and external resources

Innovation SupportTech Development

Economic DevelopmentNorth Carolina focus

Ideas to Use

NETWORK PARTNERS: Chancellor’s I&E Office · Offices of Research/Development/Communication · Carolina KickStart · 4D · Kenan Institute · CES · Unit I&E & Econ Dev Liaisons · Blackstone

Matrix Organization

Team-based Approach

Join Learn Translate Mentor Incubate Fund Converge

Align & Communicate

Putting important ideas to use

talent

climatesupport

Ecosystem

Network

Business School

Computer Science

Institute for Arts & Humanities

Digital Humanities

School of Medicine

School of Media & Journalism

Law

Education

Public Health

I&EOCED

Ctr for E’ial Studies

Chemistry

Launch Chapel Hill

Arts Eship

1789 Venture

Campus Y

Economics

Exercise & Sport Medicine

Applied Physical Science

Dentistry

Nursing

Kenan Institute

Reese News Lab

KickStart

CRVF

4D

Carolina Challenge

Pharmacy

Eshelman Institute

Pharmacy

Blackstone

Putting important ideas to usePutting important ideas o use

UNC Health Innovations

Social Work Middle Space

Ctr for Sustainable Enterprise

UNC Global

RESOURCES

FUNDAMENTALS

• APS• Biomedical engineering• Maker • Data literacy

Funding

GRANTS• KickStart Awards• OCED Awards• NC Idea• Bio Tech• SBIR/STTR• Strategic Partners• Competitions

EQUITY• CRVF $10M• Univ. Angel Network• Angels• VCs• Strategic Partners

Space

ON CAMPUS• Small unit-based spaces• CUBE• KickStart Labs (Kenan Labs)• Makerspace in Murray Hall

(open April 2016)

OFF CAMPUS• Launch Chapel Hill• 1789 Venture Lab• RTP Frontier for Blackstone HQs

• With 866 Licenses granted to date and 45 new licenses generated in FY14, UNC is actively commercializing technologies

• Life sciences technologies remain the mainstay of UNC’s commercial portfolio

• Licensees include research tools, pharma, biotech, device and diagnostics companies

• Life sciences companies have inherently long development cycles with limited near-term revenue potential and a high degree of risk on milestone payments

• Notable companies in “other” include Samsung Electronics, Co., Ltd., Evisions, Inc., and General Electric (GE)

UNC Licensing StrategyUNC Licensees Are Predominantly

Life Sciences

Life Sci-

ences / Health-

care84%

Other16%

Source: http://research.unc.edu/about/facts-rankings/research-funding/, Internal UNC data (All UNC Tech Transfer FY13-FY15)

Count of unique licensees FY13-FY15

The Vast Majority Of UNC Licensees Are Life Science Companies, Typically With Long Development Cycles

Tech Transfer Stats

Inventions4235Patents Filed2552

Patents Issue800Companies Started91

Licenses Granted872

STARTUPSDon Rose, PhD

Director Carolina KickStart

NEOCompany TAP

Start-upUniversity

Early-Stage Funding at Carolina

Research Technology Development

StartupLicensing

Product Development

Product Launch

Research Grants Pre-Seed Awards/Grants Seed Investments VC Series A, B

Investments

NSF/NIH Grants

$500k $2M $10M

Angel/Venture Capital

Funding Gap

Technology Development

&Pilot Grants

$25k - $50k

KickStartComm.Award

$250k

SBIRSTTR

NCBC Loans

CAN CRVF

STRATEGIC PARTNERSHIPSBryant M. Moore, PhD

Director

OCED Sits In A Larger Ecosystem Of Commercialization In North Carolina

Office Of Commercialization And Economic Development

UNC Efforts Promoting Commercialization

Carolina Commercialization Ecosystem

Tech Transfer

Venture Dev’t NCTraCS

Carolina Challenge

Launching The Venture

Individual School / Department

Programs

Kenan Institute

VCs

Local Industry

Local / State Government

Legal Counsel

Econ Dev’t

Research Triangle Park

*Center for Entrepreneurial Studies, Center for Innovation, Innovate @ Carolina, NC TraCS, the Cube

Strategic Partnerships

Market Landscape Framework & Strategic Partnership Alignment

STRATEGIC PARTNERSHIP OPPORTUNITEIS

MARKETS AND MARKET POTENTIAL

PRODUCTS AND SERVICES

APPLIED RESEARCH AND TECHNOLOGY

BASIC SCIENCE AND TECHNOLOGY

OCED’s Primary Focus UNC Research Primary Focus

There Is Opportunity To Partner With UNC At Every Stage Of Technology Development

Tech

nolo

gy M

atur

ity

Time & Investment

Discovery

Sponsored Basic

Research Sponsor UNC

faculty on research topic

with commercial potential

Development

Sponsored Tech

DevelopmentEstablish research agreements with

options to commercialize

Licensing

Licensing Opportunities

License out technologies ready for commercializing

through licensing agreements

16

Investment In Startups

Invest in UNC startups which have already initiated the

process of commercializing

technologies developed at the

institution

Investment

-Strategic Partnerships Primary Focus

-UNC Research Primary Focus