Oregon Innovation ClusterEconomic Development Administration i6 Challenge Award WinnersEconomic Development Administration i6 Challenge Award Winners

Patricia Beckmann, PhDOregon Translational Research and Development Institute

EDA Regional ConferenceApril 5, 2012

HISTORY of Oregon InC:•Established in 2005 by Oregon Legislature to create & •oversee state economic competitiveness strategy•Council members include 40+ leaders from Oregon industries, VCs, higher ed. and government and serves as“umbrella group”

•Charged to develop an innovation plan each biennium to guide governor & legislature on policies and investments to grow Oregon’s economy

•Bi-annually request funds for initiatives/projects from state lottery funds

•2011-2013 Oregon InC funded initiatives include: Oregon Nanoscience and Microtechnologies Institute (ONAMI)Oregon Translational Research and Development Institute (OTRADI)Oregon Built Environment and Sustainable Technologies (Oregon BEST)Other initiatives in Wave Energy, Electric Vehicles, Wave Energy

On track to create/retain over 1,100 jobs and incubate 15 new companies

In less than four years initiatives have been on track to return $7 for every $1 state invested

The Oregon Innovation Council (Oregon InC):Oregon Funding Source for ONAMI, OTRADI & OR-BEST

EDA i6 Challenge Award

In 2010 OTRADI, OR-BEST and ONAMI united to form the “Oregon Innovation Cluster” & received i6 Award for Seattle region

Leveraged $1M from EDA w/ $1M from Oregon InC and $400K in supplemental awards from NIH/NSF totaling $2.4M for Oregon

Efforts to drive innovative technologies to market more quickly by bringing experts in science and academia together with public and private sector businesses and entrepreneurs

YECURIS

Outreach 25 start-up companies & 130 university researchers Funded Oregon Bioscience Roadmap with Oregon Bio. Assoc. Helped recruit 2 bioscience companies to Oregon

Training, Expertise & Instrumentation OTRADI owns state of art robotics lab

Grant Leverage Success $51M in research revenue generated w/affiliates in ‘09-’11 Co-Authored 6 NIH SBIR/STTR grants ‘10-’11 Commercialization Grant Program Launched

Oregon Bioscience Accelerator & Entrepreneur Center Co-Locate resources to give emerging biomedical start-ups greatest

likelihood of success Management team & flexible lab space Raising $15-20M Bioscience Fund w/ cornerstone state investment

OTRADI: Bioscience AccelerationMission:OTRADI promotes bioscience industry growth and job creation in Oregon through the discovery, development, and commercializationof therapeutics, vaccines, diagnostics and other life sciences products important for human health.

Oregon BESTBUILD. CONVENE. ACCELERATE. BUILD

Network of 7 shared user laboratories

200 member faculty CONVENE

3rd Annual Oregon BEST FEST attracted 250 participants

Sustainable Built Environment Research Consortium launched

ACCELERATE Commercialization

Grants launched Commercialization

Program Manager hired Entrepreneur in

Residence program near launch

ONAMI Research and CommercializationOregon Nanoscience and Microtechnologies Institute

Research Funding Results Stimulating Growth of Federal and Private Funding for Nano-

and Micro-scale Research ($9 M to $46 M in 6 years) Emphasis on collaboration, e.g. new $20M OSU-UO NSF

Center for Sustainable Materials Chemistry

Commercialization Results 21 Active Gap Companies employing >85 FTE $5M in ONAMI Gap Funding to date led to >$90 M in

VC/private equity and $10M in SBIR/STTR/grants Cited as “Perhaps the best example..” of “institutions of

collaboration” and innovation by the National Governors Association.

3 ‘CEO-experienced’ EIRs hired to assist young companies and promising technologies:

i6 Funding will: Increase the number of ONAMI gap projects Provide an increased level of mentoring and support available

to start-ups Extend commercialization program across the state in

partnership with EDDs

Oregon Innovation Cluster | i6

4 Aims

Technical & Business Assistance Services

Provide coaching on entrepreneurial success factors and commercialization to at least 65 start-ups across the state.

Facilitate the writing of at least 16 SBIR/STTR grants, R&D plans and business plans. Guide concepts through value proposition and investment development and to venture

capital through match-making Increase accessibility of relevant expertise in business and legal services Optimize strategic networking opportunities Impact statewide – beyond Portland Metro, and beyond Willamette Valley

1

Proof-of-Concept Grants

Share best practices for management of proof-of-concept development projects. Improve success of proof-of-concept project teams through monitoring and mentoring. Increase use of shared lab and fabrication facilities and test for proof-of-concept

projects. Increase number and quality of University/Industry collaborative projects.

2

Intern/Sabbatical Program for Students & Researchers

High school summer internships thourhgh Professor sabbaticals Increase hands-on experience in milestone-driven development and market analysis. Drive increased placement opportunities for students and/or researchers with proof-of-

concept project teams and SBIR/STTR funded companies.

3

Business Accelerator & Capital Development Fund

Establish Oregon Bioscience Accelerator and Entrepreneur Center Identify opportunities for State of Oregon to seed external investment Accelerator fund Achieve surge in early stage capital invested in Oregon technologies Provide new vehicle for strategically showcasing proof of concept projects

4

Conclusions

• Think out of the box • Collaborations are synergistic• academia and industry • between organizations with differing focus

or expertise• between maturing companies and start ups in an incubator setting

• OTRADI, ONAMI and Oregon BEST thank the U.S. Department of Commerce for helping us find our commonalities to encourage economic growth in Oregon

Oregon Innovation ClusterEconomic Development Administration i6 Challenge Award WinnersEconomic Development Administration i6 Challenge Award Winners

Patricia Beckmann, PhDOregon Translational Research and Development Institute

pbeckmann@otradi.org503.227.1814