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Oregon Innovation Cluster Economic Development Administration i6 Challenge Award Winners

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):

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Oregon Innovation Cluster Economic Development Administration i6 Challenge Award Winners

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  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

  2. 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

  3. 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

  4. 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

  5. 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

  6. ONAMI Research and Commercialization Oregon Nanoscience and Microtechnologies Institute • Research Funding Results • Stimulating Growth of Federal and Private Funding for Nano- and 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

  7. Oregon Innovation Cluster | i6 4 Aims

  8. Technical & Business Assistance Services 1 • 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

  9. Proof-of-Concept Grants 2 • 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.

  10. Intern/Sabbatical Program for Students & Researchers 3 • 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-of-concept project teams and SBIR/STTR funded companies.

  11. Business Accelerator & Capital Development Fund 4 • 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

  12. 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

  13. Oregon Innovation Cluster Economic Development Administration i6 Challenge Award Winners Patricia Beckmann, PhD Oregon Translational Research and Development Institute pbeckmann@otradi.org 503.227.1814

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