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Alternative Revenue Sources to Fund Research. Geoffrey S. Chatas Senior Vice President for Business and Finance and Chief Financial Officer. Research at The Ohio State University. Research Across a Large University Targeted Investments in Excellence (TIEs ).

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alternative revenue sources to fund research

Alternative Revenue Sources to Fund Research

Geoffrey S. ChatasSenior Vice President for Business and Finance and Chief Financial Officer

research across a large university targeted investments in excellence ties
Research Across a Large UniversityTargeted Investments in Excellence (TIEs)

A 5-year, $110 million investment targeting major global concerns

through multidisciplinary work:

  • Climate, Water, and Carbon
  • Mathematical Biosciences Institute
  • Public Health Preparedness Program
  • Center for Cosmology and Astro-particle Physics
  • Center for Clean, Sustainable Energy
  • Advanced Materials Initiative
  • Population and Health Initiative
  • Translational Plant Sciences Initiative
  • The Music Industry Program
  • Micro-RNA Project
centers for innovation leading innovation and discovery to address problems of global dimension
Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension
  • Centers for Innovation: Leading Innovation and Discovery to Address Problems of Global Dimension

Poverty

Access to energy

Hunger

Art and

culture

Health and disease

Industrial

competition

Climate change

Economic

systems

collaboration across disciplines
Collaboration Across Disciplines

Food Innovation Center

  • Designing foods for health
  • Food safety
  • Biomedical nutrition/

disease prevention

  • Global food strategy

and policy

slide6

Finding Solutions to Global Challenges

Health

and Wellness

Food Production and Security

Energy and the Environment

Photo courtesy of the Ohio State Office of Energy and Environment

Photo courtesy of the Ohio State Medical Center

Discovery Themes

ohio third frontier program

Ohio Third Frontier Program

Ohio Third Frontier Program
  • 60+ Ohio State

projects

  • 60+ Ohio State
  • projects
  • Facilities and
  • laboratories
  • Industry-university
  • collaborations
  • Product development
partnerships with a purpose

“Partnerships with a Purpose”

“Partnerships With a Purpose”
  • The Ohio State University
  • Industry Liaison Office
  • Accelerating Innovation…
  • Connections
  • Strategic Partnerships
  • Project Collaborations
  • Student Opportunities
  • Sponsored Research
  • Support Services
  • Opportunity Assessments
  • …building global leadership

8

the gateway to ohio state innovation and expertise
“The Gateway” to Ohio State Innovation and Expertise

More than

400 New

or Renewed Connections

ohio research industry partnerships
Ohio Research Industry Partnerships

More than

340 Industry Partnerships

slide11

Ohio State is actively engaged in

more than

760 partnerships

with industries representing 40 states

The number of industry partners

are represented in each state

one example of a college investing in faculty research medicine
One example of a College investing in faculty research - Medicine
  • The College of Medicine (COM) invests in its researchers via three programs
    • Equipment/Shared Resource Program
      • Created to support the purchase/upgrade of shared equipment or the development and dissemination of innovative methodologies expanding Core use
      • Applications are reviewed by COM Core Oversight Committee
      • $475,000 have been awarded since FY10 to 16 researchers
com research investments
COM Research Investments
  • Bridge Funding Grant Program
    • Created to provide short-term bridge funding to faculty with favorably reviewed but unfunded federal research
      • Goal: Support research that is likely to be federally funded
      • All applications are peer reviewed..
      • Since FY10, 13 researchers have received more than $780,000
      • 4 of these researchers have subsequently secured federal funding. Enhancement of review process recently implemented to increase this success rate.
  • Pilot Funding Grant Program
    • Recently created to fund preliminary data collection for proposal development
    • First round of application due September 2012
technology commercialization and knowledge transfer
Technology, Commercialization, and Knowledge Transfer

Great economies are built around great universities, which attract:

the transformative opportunity
The Transformative Opportunity
  • Universities become the drivers
  • Almost 85% of capital and companies stay within 50 miles of universities

Top 25 Large Metros: Forbes Best Places 2011

cradle to grave manager for osu inventions
Cradle-to-Grave Manager for OSU Inventions
  • The Technology Commercialization Office (TCO) at Ohio State supports all phases of university technology commercialization and start-up development.
tco changing our industry partnerships
TCO: Changing Our Industry Partnerships

INSIGHT

Industry Prototype

Launch/

Customers

Research/IP Protection

Lab Prototype

Idea

Beta

Growth

Market Directed Research

Product Development

Basic Research

Applied Research

Companies

Ideation

$$

Students

Researchers

new partnerships

Identify strategic partners who can:

  • Enhance research
  • Accelerate product development
  • Increase impact
  • Increase return on investment
New Partnerships
new partnerships1
New Partnerships

OSU-Battelle Innovation Center is a unique public/private partnership built to:

  • Attract outside capital for R&D
  • Invest in and commercialize technology breakthroughs
  • Educate and train the next generation of entrepreneurs and translational scientists
  • Set a standard in commercialization leadership
  • Expedite product development and prototyping
supporting structures
Supporting Structures
  • The Ohio State Innovation Foundation (OSIF) provides OSU with a structure for:
challenges and opportunities
Challenges and Opportunities

Challenges

Federal budget

Federal regulations

State budget

Faculty retirements

Change in focus of Ohio Third Frontier program

Opportunities

Collaboration (big projects) across colleges

Industry downsizing in-house R&D

Medical Center expansion and Nationwide Children's expansion

Creation of office to pursue large grant opportunities

Innovation opportunities with Battelle