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Rutgers Sponsored Research and Technology Transfer

Rutgers Sponsored Research and Technology Transfer. Michael Breton, Ph.D Associate Vice President for Research. Science Transformed by World War II. 1944: Vannevar Bush asked by Roosevelt how the federal government should proceed in funding research after the successes of World War II

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Rutgers Sponsored Research and Technology Transfer

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  1. Rutgers Sponsored Research andTechnology Transfer Michael Breton, Ph.D Associate Vice President for Research

  2. Science Transformed byWorld War II • 1944: Vannevar Bush asked by Roosevelt how the federal government should proceed in funding research after the successes of World War II • 1945: Bush produced: Science – The Endless Frontier • 1950: The National Science Foundation was founded on the basis of this report • First year NSF budget = $3.5 million • 1950 - present: The federal role in funding basic research, primarily through universities, has been growing and evolving ever since.

  3. Federal Funding is at the Base of Technological InnovationRutgers Increase in Federal Funding

  4. External Funding by Funding Source Preliminary FY 2005 (In Millions of Dollars) Federal 58.0% ($171.3) Associations & Foundations 20.3% ($59.9) State of New Jersey 14.9% ($44.0) Corporations 6.9% ($20.3) Total External Funding $295,498,035

  5. Office of Research and Sponsored Programs (ORSP) • Advises and assists members of the Rutgers Community who are engaged in scholarly and creative activities • Provides information, services and support so that members of the Rutgers Community can compete successfully for outside funding • Ensures accountability, compliance and stewardship for sponsored programs in accordance with applicable Federal, State, and University policies, procedures and regulations.

  6. Compliance Group:Human Subjects in ResearchHumane Care and Use of Animals

  7. Pre Award Unit

  8. Training and Information Provided by ORSP • Grantnet • Business Managers Meetings and topics posted to website • E-submissions (NSF Fastlane, Grants.gov and others ) • Grant and Proposal Writing Workshops • Proposal and Budgeting Basics • Check our website and stay informed of these opportunities

  9. COEUS Grants Administration System • Provides an electronic grants preparation and processing environment • Two major components: • Comprehensive proposal and awards database • Electronic grant preparation and transmission • Not an accounting system (need DGCA for that) • Eventually will interface with grants.gov and any other federal electronic grants submission system

  10. Resources • ORSP Website (http://orsp.rutgers.edu) • Basic proposal information / data • Agency forms • Policies • Budget Template (Excel spreadsheet) • Staff Contact Information • Grant/Contract Specialists • Deadline reminder • ORSP requires one week notice prior to your submission deadline to ensure accuracy and completeness of your proposal

  11. Rutgers Technology Transfer • Office organized in 1988 • Goals and priorities: • Supports the primary university missions of education and research • Service to the Faculty • Financial Return to the University • Bridge between two cultures: • World of Business and Commerce • Discovery based university research

  12. Licensing Income • Net Licensing Income: • In FY 1991 = $218 million • In FY 2003 = $1.31 billion • Licenses/options yielding income: • In FY 1991 = 2,602 • In FY 2003 = 10,682 • Licenses yielding $1 million or more in FY 2003: • 151 at 59 institutions or 0.6 % of all active licenses • 3 institutions had 10 licenses yielding $1 million or more

  13. Rutgers Technology Transfer • Has had 6 technologies exceed $1 million in revenue to the university • Has about $5 million per year in revenue • Has about 35 patents issue per year • Established the: • Rutgers Venture Advisory Council • Has engaged recently in intensive company startup activity

  14. Cumulative Revenues (royalty and equity)1996-2005

  15. How Rutgers RankedFY 2003 AUTM Statistics

  16. University Technology Transfer in New Jersey FY 2003

  17. New Company Startups • Rutgers has licensed to more than 40 startup or early stage companies since 1989 • Two kinds: • Organized by others and Rutgers agrees to license either during the startup process or later; equity share usually small, <10% • Organized by Rutgers: • Recruit management team • Participate in setting initial business model • Underwrite certain initial startup costs • Take substantial equity share, >10%

  18. Technology Commercialization Fund • Rutgers is raising $1-2 million in donations to establish a fund to support: • Early proof of concept research or development • Very early startup costs • Extraordinary patent costs • Cannot be angel or venture money which is tied to financial return • Must fall under local administrative review and control in order to provide quick response to priority projects • $325,000 awarded to fund from the NJCST; will support both Rutgers and non-Rutgers projects • $105,000 awarded from the Merck Foundation

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