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Agenda - 03-13-2012 - 4b
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Agenda - 03-13-2012 - 4b
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3/9/2012 2:50:26 PM
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BOCC
Date
3/13/2012
Meeting Type
Regular Meeting
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Agenda
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4b
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Minutes 03-13-2012
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20 <br />Appendig A presents the research approach and findings on which the report is based. <br />Appendix B lists the qualified and surveyed companies and serial entrepreneurs. <br />Appendix C lists the experts consulted. <br />Appendix A <br />Purpose <br />The purpose of this research is to analyze LTNC-CH spin-off companies and their associated <br />technologies. The study focuses on the real esta.te needs and preferences of these companies. <br />The goal is to help Orange County attract and retain such companies to increase the commercial <br />portion of the tax base and spur economic development. In 2010, that portion was only 12.8%. <br />Scope of Work <br />The recent economic recession and Chancellor Thorp's interest in innovation have combined to <br />make entrepreneurship increasingly important on campus. One well-established activity is <br />housed in the Office of Technology Development (OTD). Ever since Bayh-Dole passed in 1980, <br />universities have been exploiting their intellectual property through patents that lead to business <br />spin-offs. iJNC-CH currently holds 503 U.S. patents including 27 filed in 2010. Most of the <br />patents are in the broad fields of biology and chemistry which correlate to spin-off companies in <br />the life-science industry. Since 2000, 51 companies have been launched with assistance from <br />OTD. The majority of patents have originated in the medical school, and 34 of these companies <br />come from the medicaUhealth side of campus. The other 17 originated in the departments of <br />computer science (7), chemistry (5), physics (3), biology (1) and psychology (1). The <br />comparable figures for NCSU are 738 total U.S. patents held including 139 filed in 2010 and 52 <br />starlups since 2000. The aggregate statistics for NCSU are 81 stariups, 155 new products <br />through commercialization agreements, $1.4 billion of funding and about 3,000 jobs in state. <br />LJNC spin-offs from the OTD are one subset of firms. The much larger subset consists of firms <br />started by UNC faculty, students, staff and alumni. Distinguished Professor Maryann Feldman is <br />building the establishment-level regional data base on high-tech companies that was begun years <br />ago by the late Emeritus Professor Bill Little: The PI was given access to this database to <br />identify and qualify companies that were subsequently surveyed. Most of the OTD spin-offs <br />were in this database. <br />The enterprise-level information includes company name, status (independent, subsidiary, HQ), <br />year established, current location and previous location if applicable, sector, technology, active <br />or closed, and founder information. For the older companies in the database, the PI gathered <br />information on the sequence of the locations they had occupied. <br />17 <br />
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