INNOVATE INDIANA: Economic Development at IU

1. INNOVATE INDIANA:Economic Development at IU Bill Stephan Vice President for Engagement, Indiana University Tony Armstrong President & CEO Indiana University Research & Technology Corporation November 12, 2009

2. IU Office of Engagement Mission • Coordinate university’s vast resources • Connect those with the public and private sectors • Stimulate economic development • Enhance quality of life for Hoosiers

3. OVPE Staff Tony Armstrong Assistant V.P., President & CEO IURTC David Gard Executive Director Rebecca Carl Director of Operations Planning and Communications Ted Widlanski Associate V.P., Indiana University Chemistry Professor

4. OVPE Focus Areas

5. ANGEL Learning Transaction • Software company created almost a decade ago by the faculty at the School of Engineering and Technology on the IUPUI campus • Blackboard Inc., a major educational software provider, purchased ANGEL Learning for $100 million • Indiana University realized $24.1 million from the sale

7. Innovate Indiana Statewide Activities

8. Gary Healthcare/Hospital Study • Engaged national healthcare consultant to develop new hospital model and Indiana Business Research Center to assess economic impact of potential Gary hospital adjacent to IUN. • Report instrumental in helping secure $3M in additional community planning resources

9. Southeast Indiana Small Business Development Center • IU, Purdue and IVY Tech entered agreement for new SBDC at Purdue Tech Center in New Albany • Leverages resources and expertise of IUS

10. Evansville Regional Engagement Office • Partnering with Purdue for new physical presence at Innovation Pointe • Will serve as “gateway” for greater connectivity of IU resources and expertise with Southwest Indiana business community • Provides economic development resources • New Director on board

11. IU Research & Technology Corporation (IURTC) Vice President for Technology Commercialization hired in Spring 2009 Established Innovate Indiana Fund for IU-affiliated start-ups IUETC expansion assessment underway Created internal survey to assess customer satisfaction and needs

12. Innovate Indiana Fund • • Capitalized with $10 million dollars from • IU and private donors • Early seed and Late seed funding • IU School of Medicine • seed fund will be folded into the Fund • • The Fund will be • expanded to include • information technology • Governing board comprised of • key university stakeholders and • business leaders

13. IU Innovation Center • Operated by IURTC and IU Real Estate • Phase I, 40,000 sq. ft. completed • Cornerstone of future development of Indiana • University Innovation Park • 50% wet lab space • Incubator of Life Sciences and IT-based start-ups • Home for Pervasive Technology Institute • KSOB and Johnson Center for Entrepreneurship & Innovation, School of Informatics • Student involvement

14. Innovation Park

17. Purdue and IU: Building a Stronger State of Science … to make Indiana a “hot spot” for research, innovation, and biosciences job growth

18. Indiana Innovation Alliance Technology Enhanced core research capabilities Talent Medical & bio-based education and healthcare innovation Capital Matching funds for large-scale, multidisciplinary research grants

19. Indiana Innovation Alliance • Unprecedented collaboration • $20 Million appropriated (over 2 years) for core research and education • Expansion of medical/health education programs; Purdue education programs in strategic areas • Private sector partners/economic impact

20. Additional Engagement Activities • Indiana-based Defense Initiatives • IU US-China Business Cooperation • Support/Sponsorship/Participation • 21st American Peptide Symposium • IU Life Sciences Collaboration Conference Series • BIO International Convention • State/Regional/Local Economic Development Organizations

21. Thank you Bill Stephan Vice President for Engagement wstephan@indiana.edu Tony Armstrong President and CEO Indiana University Research & Technology Corporation