Post on 29-Oct-2014
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#UEDASummit #UEDASummit
Building a University Innovation Ecosystem to Spark Regional Revitalization: Lessons from Carnegie MellonLenore Blum Director, Project Olympus, Co-Director, CMU Center for Innovation and Entrepreneurship
David Mawhinney Director, Don Jones Center, Co-Director, CMU Center for Innovation and Entrepreneurship
Bob Wooldridge Director, Center for Technology Transfer and Enterprise Creation (CTTEC)
Building a University Innovation Ecosystem to Spark Regional Revitalization: Lessons from Carnegie Mellon
The Pittsburgh RenaissanceCarnegie Mellon, its Role, its Programs and Key Features:• Inside-Out: Creating Winning Ventures from Cutting-edge University
Research/Great Ideas• Creating a Vibrant Alumni Entrepreneurial Network• Tech Transfer’s Standard Deal for Spin-offs
Pittsburgh•Innovative•Resilient•Bridging communities•Can-do culture
Pittsburgh•A model for regions across the country that are re-inventing/re-vitalizing themselves
Rise from rust : Pittsburgh transformed itself over 30 years
October 28, 2013 6:21 PM
The great transformation from steel production to education and medicine -- "eds and meds" -- took advantage of existing strengths and made them grander. Carnegie Mellon University quickly embraced the new computer age. The medical institutions, led by UPMC, today the region's biggest employer, went from strength to strength with inspired leadership.
• Over the 5-year period (2008-2012), the Pittsburgh region saw $1.3B being invested in the region's early stage technology companies
• Pittsburgh experienced a dramatic increase in the number of very early stage companies attracting funding with pre-revenue companies nearly doubling
--an indicator that the research universities and broader entrepreneurial community are starting the next generation of promising technology companies that will ultimately drive the region's future growth.
Pittsburgh: A Community of Innovation
OTHERTECHNOLOGIES
IdeaDevelopment
Startup Early Growth Rapid Growth
PRA – Attraction and Support Services/Allegheny Conference
UN
IVE
RS
ITIE
S/ E
ds
& M
eds
leve
rag
ing
$$
bill
ion
$$ r
esea
rch
Maturity Reinvention
Innovation Works (IW)
AlphaLab
LIFESCIENCES
INFORMATIONTECHNOLOGY
NON-TECH
Neurological Treatments
Drug DiscoveryTissue/Organ Engineering
Medical DevicesPLSG
IDEA FOUNDRY
INNOVAT IONS
PRA=Pgh Regional Alliance, PTC=Pgh Technology Council, PLSG= Pgh Life Sciences GreenhouseKIZ = Keystone Innovation Zone (NB. This diagram is a modification of a TTC slide)
Government Foundations Angels VCs TiE Pgh
Pittsburgh Technology Council – Trade Association
PowerUp Pittsburgh
The collaboration between the two schools helps to raise the profiles of the University of Pittsburgh and Carnegie Mellon University to among the world's best
Read more: http://www.post-gazette.com/#ixzz11JE8Vck3
Interdisciplinary Collaborative Innovative Can-Do Culture
18 Nobel Laureates
John F. Nash, MCS 1948Economic Sciences 1994
Herbert Simon, SCS/TPR FacultyEconomic Sciences, 1978
Edward Rubin, CIT FacultyPeace, 2007
Allen Newell SCS Faculty,1975
Raj ReddySCS Faculty, 1994
Manuel Blum SCS Faculty, 1995
11 Turing Awards
Kai-Fu Lee, SCS 1988 Jonathan Kaplan, Tepper 1990,Open Field Entrepreneurs Fund
Red Whittaker, Robotics Faculty
100’s of Innovators & Entrepreneurs
Entrepreneurship:Integrative Experience
Formed from a partnership betweenProject Olympus and Donald H. Jones Center
(cs/technology) (business)
CIT, Fine Arts, Dietrich, Heinz, MCS, SCS, Tepper
Council of Deans
Faculty Liaisons
Fine Arts
Engineering Humanities/Social Sciences
SciencesComputer Science
Business
Pubic Policy/Managem
ent
Innovation Partners
Disruptive HealthcareTechnologies Institute
• We are sitting on a goldmine of potentially commercializable research
Untapped Research/Innovation
Why Olympus?
What do students want?
Copyright © Lenore Blum, 2013
2007
What do students want?
•CONNECTIONS
•OPPORTUNITIES to try out their ideas and learn from mistakes
Copyright © Lenore Blum, 2013
2007
At the core of Olympus operation are its PROBEs (PRoject-Oriented Business Explorations) where faculty and students explore the commercial potential of their cutting-edge research and innovations.
Copyright © Lenore Blum, 2013
• Micro-grants (***Spark Grant Fund***) • Space, Equipment
• Advice, Education, Assistance, Mentors• Networks, Connections, Contacts
• Visibility
PROVIDES
Copyright © Lenore Blum, 2013
Project Olympus Start-Ups
Project Olympus Start-Ups
• >130 PROBEs (2/3 student-generated)
• ~90 Companies formed (2/3 students)
• >$65 million in initial follow-on funding for PROBEs and spin-offs (+recent acquisitions)
• 10 SBIRs
• 13/21 OFEF grants to recent graduates
• 1/3 AlphaLab Accelerator Companies
By the Numbers(Jan 07- today)
Mindkin Fooala
M-Tool
Tropical Health
Semiotic
BeatBots
•Students bring tremendous energy
•PROBEs provide unique experiential learning
•Commercial endeavors resulting from faculty-based research have great potential to act as engines for the economic growth and recovery.
•Benefits the region, the nation and the world.
Innovations Fellows Program
Creating a Vibrant Alumni Entrepreneurial Network
Open Field Entrepreneurs Fund
$50K Conv. Notew/ $50K Match
Two Classes Per YearJonathan Kaplan, Tepper 1990
21 Portfolio Companies
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The View from Tech TransferWhat are we doing?
• Standard Deal• Outreach/Office Hours• Gap Funds
37FY 1997 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 20120
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4
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20 All Start-ups
DirectIndirect
CMU #1 in start-ups per research $$s spent (amongst universities without a medical school)
The View from Tech TransferHow are we doing?
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The View from Tech TransferHow are we doing?
In the Region
www.cmu.edu/cie
A Research and Entrepreneurship ShowcaseCells, Circuits and Cities