1 / 12

Alabama State University Garrett A. Morgan Innovation Track Sessions 2012

Alabama State University Garrett A. Morgan Innovation Track Sessions 2012. Growing Infrastructure and Capacity Through Contracts. Ronald G. Forsythe, Jr., PhD University of Maryland Eastern Shore. About the University of Maryland Eastern Shore. Small Institution

tevy
Download Presentation

Alabama State University Garrett A. Morgan Innovation Track Sessions 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Alabama State UniversityGarrett A. Morgan InnovationTrack Sessions 2012 Growing Infrastructure and Capacity Through Contracts Ronald G. Forsythe, Jr., PhD University of MarylandEastern Shore

  2. About the University of Maryland Eastern Shore • Small Institution • 4,500 students / 200 Faculty FTE • 2nd largest employer in Somerset County, Maryland • Land Grant University • Research/Economic Development Mission • Unique academic programs • Agriculture • Construction Management • Aviation Sciences, Engineering • Pharmacy (PharmD), Physical Therapy (DPT), Rehab Services, Physicians Assistant • Food Science (PhD)

  3. About the Lower Eastern Shore of Maryland • Rural Community • 2 hour driving distance from • Philadelphia, PA • Baltimore, MD • Washington, DC • Norfolk/Tidewater, VA • Mild climate with regional attractions • Principal industries • Tourism • Poultry (including corn and soybeans) • Seafood • A need to diversify the rural economy

  4. Why Contracting? • Learn new technologies and skills • Provide internships and summer employment • Obtain faculty development opportunities • Provide equipment and related resources • Provide research support for graduate students • Recover indirect costs to stimulate new activities • Strengthen institutional capabilities • Create platform for increasing participation (To Generate Unrestricted Revenue)

  5. Results External Funding Doubled in 4 Years UMES Ranks Among State Leaders

  6. Introductory Examples Markets & Clients Services Studies Feasibility Study Market Studies Economic Impact Analyses Infrastructure Studies Planning Business Plans Strategic Plans Marketing Plans Disaster Management Plans Information Technology Plans Service Contracts GIS Services Conference & Event Planning Program Management Workforce Development • Regional Businesses • Entrepreneurs • Business Start Ups • Business Expansions • Municipal Government • Planning • State Government • Economic Development • Health & Human Services • Federal Government • Economic Development Administration • Small Business Administration • USDA Rural Development Agency

  7. Intermediate Opportunities Training Certificates • Management Training • Emergency Management • Project Management • Specialized Training • Aerospace Systems Integration • Powered Parachute Flight Training • Unmanned Aerial Systems Training • Certification Programs in Renewable Energy • Digital Manufacturing

  8. Advanced Opportunities • Technical Contracting • Prime contractor or subcontractor • ID/IQ Contracts • Fixed Fee • Recommendations • Identify Current Contractors • Develop MOAs and MOUs • Understand Contracting Language and Requirements • Learn how to provide added-value

  9. Results External Funding Doubled in 4 Years UMES Ranks Among State Leaders

  10. University of Maryland Eastern ShoreStreamlining for Success • Rural Development Center (a University Center) • Maintains Revolving Loan Fund • Secures grants in support of business development • Over $150M leveraged in the past 15 years • Established a Division of Commercialization • Built expertise in contracts to supplement successful grant activity • Immediate institutional review for contracts with government and corporate partners • Allowed the University to double grant and contract funding in four years. • Created the Maryland Hawk Corporation • Pursue funding streams that are not directly available to universities • Facilitates the spinoff of for-profit corporations • Currently at $2M annual gross revenue

  11. University of Maryland Eastern ShoreStreamlining for Success • Spinoff New For Profit Corporations • Expanded flexibility • Option for sophisticated financing • Hawk Institute for Space Sciences currently at $10M annual gross revenue • Licensing, Equity, and Revenue Sharing Positions • Investment in start up companies • Technology Demonstration Projects • Numerous revenue sharing agreements currently in place • Secure External Funding for Business Creation/Expansion • Investment in start up companies • Technology Demonstration Projects • Currently looking to establish the Talon Fund (Venture Cap)

  12. Recent Projects

More Related