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Sponsored Programs Update, FY2010

Sponsored Programs Update, FY2010. September, 2010 David Reed. Outline. Sponsored Program Awards, FY10 Research Expenditures, FY10 Intellectual Property, FY10 Michigan Tech Entrepreneurial Support Corporation. FY10 Sponsored Program Award Update. FY2010 Sponsored Program Award Update.

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Sponsored Programs Update, FY2010

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  1. Sponsored Programs Update, FY2010 September, 2010 David Reed

  2. Outline • Sponsored Program Awards, FY10 • Research Expenditures, FY10 • Intellectual Property, FY10 • Michigan Tech Entrepreneurial Support Corporation

  3. FY10 Sponsored Program Award Update

  4. FY2010 Sponsored Program Award Update • Awards for FY10 totaled $58.7 million, an increase of 11% over FY09. • Federal awards increased 20% to $48.2 million, including $10.3 million of ARRA funding in FY10.

  5. FY10 Sponsored Program Award Update

  6. FY10 Sponsored Program Award Update

  7. FY2010 UpdateResearch Expenditures

  8. FY2010Research Expenditures • Research expenditures for FY10 increased to $63.5 million, an increase of 5.1% over those of FY09. • ARRA expenditures were $1,158,695; there are substantial ARRA funds that have been awarded, but not yet spent.

  9. FY10 UpdateIntellectual Property

  10. FY2010 UpdateIntellectual Property • Licensing income in FY10 totaled $308,175, an decrease of 33% from FY09. • Of the total, $65,688 was distributed to the inventors and $99,610 was distributed to departments.

  11. Michigan Tech Entrepreneurial Support Corporation Michigan Tech License/Royalty Angel/VC Start-up

  12. Michigan Tech Fund MTESC 501c3 Superior Innovations, Inc Michigan Tech License/Royalty Subcorp License/Royalty Start-up Angel /VC

  13. Michigan Tech Entrepreneurial Support Corporation • MTESC will enhance opportunities for faculty, staff, and students to commercialize their discoveries. • It will focus on an unaddressed link in the chain from invention to commercial enterprise, the activities between technology discovery and formation of a startup enterprise.

  14. Michigan Tech Entrepreneurial Support Corporation • MTESC will be a 501 (c) (3) non-profit corporation and is expected to have one or more for-profit subsidiary corporations • One of these will be an umbrella corporation, tentatively titled Superior Innovations, Inc.

  15. Michigan Tech Entrepreneurial Support Corporation • MTESC will function as a proof-of-concept center to support technology commercialization from laboratory discovery to formation of a startup enterprise • MTESC is complimentary to, and not a replacement for, current economic development activities in the community.

  16. Michigan Tech Entrepreneurial Support Corporation • Proof-of-Concept Center • Deshpande Center, MIT http://web.mit.edu/deshpandecenter/ • Von Liebig Center, UCSD http://www.vonliebig.ucsd.edu/

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