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stimulating the illinois economy: UI Research

stimulating the illinois economy: UI Research. Vice president Larry schook December 10, 2013. Defining roles and outcomes. Creating new technologies through discovery research Direct economic impact of externally funded research Increasing the competitiveness of Illinois companies

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stimulating the illinois economy: UI Research

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  1. stimulating the illinois economy: UI Research Vice president Larry schook December 10, 2013

  2. Defining roles and outcomes • Creating new technologies through discovery research • Direct economic impact of externally funded research • Increasing the competitiveness of Illinois companies • Creating and supporting global businesses and UI startups • Providing the human capital to underpin a technology oriented economy

  3. Creating new technologies through discovery research(2013) • Patents filed were 378 • Patents issued were 96 • Licenses and options were 96 • Start ups were 11 • Royalties were $25.4M

  4. economic impact of research Research driven Ecosystem

  5. Research funding- direct Economic Growth and job creation $1B annual external research funding is approximately $750M for salaries or 10,000-12,000 high paying technology jobs and income taxes!

  6. Increasing the competitiveness of Illinois companies • EnterpriseWorks • Business incubators offering entrepreneurial support to startups • IllinoisVentures • Provides startup capital with >500K follow on funding • Half of research park companies • Research Park • Provides access to faculty and students • Provides access to infrastructure (computing, etc.) • Provides access I-START, EIR and training programs

  7. CREATING & Supporting global BUSINESSES AND UI STARTUPS $175M in annual economic impact and almost $15M in annual taxes

  8. Providing the human capital to underpin a technology oriented economy (STEM) • 5th ranked College of Engineering (US News and World Report); global top ten • 2nd ranked institution for number of international students • More STEM grads than all other Illinois public universities combined • 400+ companies funded research UI last year involving students

  9. UI providing tomorrow’s global innovators and technology entrepreneurs • More than 9,000 engineering undergrads enrolled across UI campuses each year – that’s more than Stanford, MIT, Berkeley, and CalTech combined • Top 3 colleges* in quality of undergraduates by corporate recruiters • Top 10 most innovative universities shaking up education (Edudemic, 2013) Urbana-ChampaignEngineering Electrical/Computer Engineering Computer Science 6763 2758 1860 947 473 441

  10. conclusion • UI is a direct economic engine through external funding research • UI discoveries drive new business development in the state of Illinois • UI research directly and indirectly increases the competitiveness of Illinois companies • UI STEM students provide the human capital for Illinois companies to compete

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