Transcript Slide 1
Oregon Innovation Cluster
Economic Development Administration i6 Challenge Award Winners
EDA Regional Conference
April 5, 2012
Patricia Beckmann, PhD
Oregon Translational Research and Development Institute
The Oregon Innovation Council (Oregon InC):
Oregon Funding Source for ONAMI, OTRADI & OR-BEST
HISTORY of Oregon InC:
••Established
in 2005 by Oregon Legislature to create &
oversee state economic competitiveness strategy
•Council members include 40+ leaders from Oregon
industries, VCs, higher ed. and government and serves as
“umbrella group”
•Charged to develop an innovation plan each biennium to guide governor & legislature
on policies and investments to grow Oregon’s economy
•Bi-annually request funds for initiatives/projects from state lottery funds
•2011-2013 Oregon InC funded initiatives include:
Oregon Nanoscience and Microtechnologies Institute (ONAMI)
Oregon Translational Research and Development Institute (OTRADI)
Oregon Built Environment and Sustainable Technologies (Oregon BEST)
Other initiatives in Wave Energy, Electric Vehicles, Wave Energy
On track to create/retain over 1,100 jobs and incubate 15 new companies
In less than four years initiatives have been on track to return $7 for every $1
state invested
EDA i6 Challenge Award
In 2010 OTRADI, OR-BEST and ONAMI united to form the
“Oregon Innovation Cluster” & received i6 Award for Seattle region
Leveraged $1M from EDA w/ $1M from Oregon InC and $400K in
supplemental awards from NIH/NSF totaling $2.4M for Oregon
Efforts to drive innovative technologies to market more quickly by
bringing experts in science and academia together with public and
private sector businesses and entrepreneurs
OTRADI: Bioscience Acceleration
Mission:
OTRADI promotes bioscience industry growth and job creation in
Oregon through the discovery, development, and commercialization
of therapeutics, vaccines, diagnostics and other life sciences products
important for human health.
Outreach
25 start-up companies & 130 university researchers
Funded Oregon Bioscience Roadmap with Oregon Bio. Assoc.
Helped recruit 2 bioscience companies to Oregon
Training, Expertise & Instrumentation
OTRADI owns state of art robotics lab
Grant Leverage Success
$51M in research revenue generated w/affiliates in ‘09-’11
Co-Authored 6 NIH SBIR/STTR grants ‘10-’11
Commercialization Grant Program Launched
Oregon Bioscience Accelerator & Entrepreneur Center
Co-Locate resources to give emerging biomedical start-ups greatest
likelihood of success
Management team & flexible lab space
Raising $15-20M Bioscience Fund w/ cornerstone state investment
YECURIS
Oregon BEST
BUILD. CONVENE.
ACCELERATE.
BUILD
Network of 7 shared user
laboratories
200 member faculty
CONVENE
3rd Annual Oregon BEST
FEST attracted 250
participants
Sustainable Built
Environment Research
Consortium launched
ACCELERATE
Commercialization Grants
launched
Commercialization Program
Manager hired
Entrepreneur in Residence
program near launch
ONAMI Research and Commercialization
Oregon Nanoscience and Microtechnologies Institute
Research Funding Results
Stimulating Growth of Federal and Private Funding for Nanoand Micro-scale Research ($9 M to $46 M in 6 years)
Emphasis on collaboration, e.g. new $20M OSU-UO NSF
Center for Sustainable Materials Chemistry
Commercialization Results
21 Active Gap Companies employing >85 FTE
$5M in ONAMI Gap Funding to date led to >$90 M in
VC/private equity and $10M in SBIR/STTR/grants
Cited as “Perhaps the best example..” of “institutions of
collaboration” and innovation by the National Governors
Association.
3 ‘CEO-experienced’ EIRs hired to assist young companies and
promising technologies:
i6 Funding will:
Increase the number of ONAMI gap projects
Provide an increased level of mentoring and support available
to start-ups
Extend commercialization program across the state in
partnership with EDDs
Oregon Innovation Cluster | i6
4 Aims
1
Technical & Business
Assistance Services
Provide coaching on entrepreneurial success factors and commercialization to at least
65 start-ups across the state.
Facilitate the writing of at least 16 SBIR/STTR grants, R&D plans and business plans.
Guide concepts through value proposition and investment development and to venture
capital through match-making
Increase accessibility of relevant expertise in business and legal services
Optimize strategic networking opportunities
Impact statewide – beyond Portland Metro, and beyond Willamette Valley
2
Proof-of-Concept
Grants
Share best practices for management of proof-of-concept development projects.
Improve success of proof-of-concept project teams through monitoring and mentoring.
Increase use of shared lab and fabrication facilities and test for proof-of-concept
projects.
Increase number and quality of University/Industry collaborative projects.
3
Intern/Sabbatical Program
for Students & Researchers
High school summer internships thourhgh Professor sabbaticals
Increase hands-on experience in milestone-driven development and market analysis.
Drive increased placement opportunities for students and/or researchers with proof-ofconcept project teams and SBIR/STTR funded companies.
4
Business Accelerator &
Capital Development Fund
Establish Oregon Bioscience Accelerator and Entrepreneur Center
Identify opportunities for State of Oregon to seed external investment Accelerator fund
Achieve surge in early stage capital invested in Oregon technologies
Provide new vehicle for strategically showcasing proof of concept projects
Conclusions
• Think out of the box
• Collaborations are synergistic
• academia and industry
• between organizations with differing focus
or expertise
• between maturing companies and start
ups in an incubator setting
• OTRADI, ONAMI and Oregon BEST thank the
U.S. Department of Commerce for helping us
find our commonalities to encourage economic
growth in Oregon
Oregon Innovation Cluster
Economic Development Administration i6 Challenge Award Winners
Patricia Beckmann, PhD
Oregon Translational Research and Development Institute
[email protected]
503.227.1814