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USA Perspectives & Success Stories: TTO-Science Park-Incubator

USA Perspectives & Success Stories: TTO-Science Park-Incubator. Dr. Brad Zehner PBICA Conference Gliwice, Poland 19-21 May 2011 . Agenda. Recognition of & IP Patent Protection. Creation of Research Universities. Commercialization Begins. Commercialization Accelerates. TTO Licensing.

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USA Perspectives & Success Stories: TTO-Science Park-Incubator

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  1. USA Perspectives & Success Stories:TTO-Science Park-Incubator Dr. Brad Zehner PBICA Conference Gliwice, Poland 19-21 May 2011

  2. Agenda

  3. Recognition of & IP Patent Protection

  4. Creation of Research Universities

  5. Commercialization Begins

  6. Commercialization Accelerates

  7. TTO Licensing

  8. The “famous Silicon Valley garage” • Google started in Susan’s Wojcicki’s rented garage. Today, she is one of Google’s 12 senior vice presidents. • Susan’s sister, Anne Wojcicki, is married to Sergey Brin, Google’s cofounder.

  9. Successful Licensing • Patent: #6,285,999 • Inventor: Lawrence Page • Owner: Stanford • Stanford Licensed Google • Exclusive term – 2001 to 2011 • Non exclusive term – 2012 to 2017 • Applied: 1998 - $25K / €17.5K • Granted: 2001 - $25K / €17.5K • Google enforces patent • Product liability insurance • Terms – royalty & stock • Stanford Received: • ~$337 million USD / €235 million • TTO - 15% • Inventor – 33% • Computer Science Department – 33% • University – 33% • Revenue: ~$32 billion USD / €22.3 billion • Net income: ~$9 billion USD / €6.3 billion • Cash: ~$37 billion USD / €22.3 billion • Market value: ~$172 billion USD / €120 billion • Employees: ~26,000 • Stanford grads: ~6,000

  10. Research Triangle Park

  11. Successful Science Park • Founded 1959 • Duke University • North Carolina State University • University of North Carolina – Chapel Hill • Academic & industry • IBM, Cisco, Credit Suisse • Land: 2832 hectares • Buildings: 2.09 m2 • Government incentives • 87% success rate • 170 companies • 38,000 employees • +2.6 jobs per RTP employee • North Carolina Developing: • Centennial Campus • Gateway University Research Park • Charlotte Research Institute • Piedmont Triad Research Park

  12. Austin Technology Incubator

  13. Successful Business Incubator • 1989 founded • Dr. George Kozmetsky • Non profit - University of Texas at Austin • Funded by: • City of Austin • Austin Energy • State of Texas • Focus: • Clean Energy • Wireless • IT • Biosciences • Applicants screened: • 5% admitted • 1 to 5% equity • Since founding: • 200 companies incubated • $750 million / €523 million investments • 4 IPOs • Last 3 years • 50 companies • $70 million / €48 million • $300 million / €209 million investments • 75% funding success • 100 + student interns annually • TechBA – 30 Mexican companies

  14. Observations

  15. Questions

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