University of Arkansas Technology Development Foundation

2. University of Arkansas Technology Development Foundation • Mission: To stimulate a knowledge-based economy in the State of Arkansas through partnerships that lead to new opportunities for learning and discovery, that build and retain a knowledge-based workforce and that spawn the development of new technologies that enrich the economic base of Arkansas

3. University of Arkansas Technology Development Foundation • Purpose and Duties • Manage the day-to-day operations of ARTP • Facilities/Property Management • Business Affairs • Marketing • Promote commercialization of select IP assigned by University • Critical to accelerating the growth and competitive position of ARTP companies • Strategic advantage to recruit prospective tenants

4. University of ArkansasTechnology Development Foundation Nine member Board of Directors: Provost—Sharon Gaber Vice Chancellor for Finance and Administration—Don Pederson VP for Research & Economic Development—Jim Rankin Dean of Walton College—Eli Jones Entrepreneurial Alumni—Ted Dickey Entrepreneurial Alumni—Stan Green NWA Council—Greg Lee City of Fayetteville—Don Marr At Large—Christine Daugherty

5. Innovation System • Physical infrastructure • Knowledge spillovers from university research • Entrepreneurial culture • Technologically skilled workforce • Accessibility to financial capital, especially venture capital

8. Proof-of-ConceptGenesis Technology Incubator • Genesis is currently home to 24 public/private affiliates • Over 22,000 square feet of wet & dry lab space plus offices currently under lease • Large conference facilities, break room and business center • ARTP affiliates have secured over $46 million in federal grants and contracts since January 2005, over $5 million in last six months of 2012

9. Advanced Research and Development Innovation Center • LEED Certified facility offering 35,000 square feet of office, clean rooms and electronics test and assembly labs • ARTP companies and affiliates accounted for total employment impact of 350 jobs in FY 2012 • High-wage jobs are being created and filled by students

10. Technology CommercializationEnterprise Center • LEED Certified, 65,000 square foot facility • Laboratory enabled for research & development, office, technology and assembly manufacturing • 30,000 square feet occupied • Ongoing commercialization of power electronics, biotechnology and nanomaterials

11. Spillovers of Research • Core research strengths: • Next Generation of Electronic/Photonic Device • Transportation and Logistics • Biotechnology and Related Chemical, Biological and Food Sciences • Advanced Materials and Manufacturing • Database and Telecommunications • Sustainability/Environmental Science

12. Entrepreneurial Culture • Silicon Solar Solutions—commercializing a process to crystallize amorphous silicon into larger-grain polysilicon with unparalleled grain size and ease of processing • BiologicsMD—developing a prescription solution to osteoporosis 5X as effective as existing biophosphanate treatments • cycleWood Solutions—commercializing a lignin-based plastic bag that can biodegrade in 150 days • TiFiber--inorganic nanofiber free-standing membranes (FSM) can readily be made into macroscopic vessels and tools for important applications at high temperatures and in harsh environments

13. Technologically Skilled Workforce • ARTP companies and affiliates accounted for approximately 220 direct jobs and a total employment impact of 350 regionally • High-wage jobs are being filled by UA graduates (Approx. $70,000 annually) • Collaborating with NWACC on workforce development program

14. Access to Capital • Early-stage capital, especially seed capital is the #1 challenge faced by start-up companies • Gap funding is critical to span the “valley of death” and achieve escape velocity • We must continue to build networks and ideas that will lead to sustainable sources of capital • Pre-seed validation fund is needed to augment proof of concept

15. ARTP Value-Added Features • Access to leading-edge research facilities and equipment • Partnerships with University faculty and students, enabling collaborative research that leads to a ready made workforce • Licensing opportunities for new innovations to augment technology portfolio • Access to video conferencing facility, University library and bookstore • Invitations to seminars, lectures and workshops sponsored by University • Opportunities to serve as guest lecturers and adjunct faculty

16. Economic Impact • Over the life of the project, ARTP will create over 1,500 construction jobs generating salaries and wages with a present value over $27,000,000. • Construction of ARTP will generate state and local taxes with a present value in excess of $2,175,000 over the life of the project. • When completed, ARTP will provide over 2,000 permanent jobs. • Total impact of operating ARTP on regional output is projected to exceed $700,000,000. • Operations are projected to generate over $17,000,000 in state and local taxes

17. Historical Highlights • Nine years of continuous growth positioning ARTP as Region’s only Knowledge Community in association with major research university • Approximately $1 million in operating support to College of Engineering • Over $200,000 to University Departments • Over $5.2 million in sponsored research (subcontracts) to University • Over $4.3 million in external funding for ARTP and affiliates • Spawned a resurgence in entrepreneurial culture • Established a technologically-skilled workforce earning 2X average annual wage • Financed and built Enterprise Center as an essential hub for technology commercialization • Developed a robust Innovation System capable of supporting new product development • Generated approximately $183 million in economic output