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Engineering Development Forum June 16-18, 2014

Engineering Development Forum June 16-18, 2014. Illinois Institute of Technology University Tech Parks. Restoring American Competitiveness Professors Gary Pisano and Willy Shih (Harvard Business Review 2009) Paradox: The more globally integrated the world economy becomes, the more

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Engineering Development Forum June 16-18, 2014

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  1. Engineering Development Forum June 16-18, 2014

  2. Illinois Institute of TechnologyUniversity Tech Parks Restoring American Competitiveness Professors Gary Pisano and Willy Shih (Harvard Business Review 2009) Paradox: • The more globally integrated the world economy becomes, the more local research and development know-how, entrepreneurial culture, workforce skills and manufacturing competencies matter for economic success. Key finding: • Geographic proximity is critical to the competitiveness of industries / innovation is still a very local phenomenon

  3. Illinois Institute of TechnologyUniversity Tech Parks • The Battelle Report • 2012 Survey of North American University Research Parks • A successful way to advance innovation and create economic growth • A proven tool in the formation of innovative high technology companies • Create dynamic clusters that accelerate economic growth and enhance international competitiveness • An effective way to create new employment opportunities for existing technology companies • Association of University Research Parks:http://www.aurp.net

  4. Illinois Institute of TechnologyIllinois Environment • Illinois Science & Technology Coalition (ISTC) • Survey Results 2010-2013 • Key university infrastructure required to support business start-ups: • A technology transfer office (TTO) • An entrepreneurship center / program • Of Illinois’ university-generated start-ups (since 2010): • 75% were generated from “entrepreneurship” programs • 25% were generated via university TTOs

  5. Illinois Institute of TechnologyIllinois Environment

  6. Illinois Institute of TechnologyIllinois Environment • Illinois Science & Technology Coalition (ISTC) • Survey Results 2010-2013 • Illinois universities generated 354 start-ups across a range of industries • 283 are still in existence • 73% have chosen to remain in Illinois • 29 university start-ups are now located in research parks • Not all tech park tenants are affiliated with the host university • University of Illinois, Bradley University, and Southern Illinois University all have affiliated research and technology parks

  7. Illinois Institute of TechnologyIllinois Environment

  8. Illinois Institute of Technology • UTP offers 300,000 square feet of lab and office space • Home to 24 growing companies employing 400+ • 30 companies have graduated from UTP • UTP companies captured $275M in private and federal funding • Notable “alumni” include: • Cleversafe - “Big Data” storage pioneer (innovative technology) • Chromatin - biotech innovator in food, fuel, and feedstock industries • AllCell- inventor of premium, long-lasting lithium-ion battery packs

  9. Illinois Institute of TechnologyHISTORY OF UTP • 2001 - Conceptualized • Initial funding: $12 Million for tech incubator • 2004 - private developer partner-Wexford Science and Technology • IIT contributed $30 million • 2006 - Technology Business Center for growth companies opened ($60 million) • Funding: Private equity, mortgage, federal historic tax credits, city tax increment financing • 2011- completed incubator-federal stimulus funds and state grant

  10. Illinois Institute of Technology PHASE I:FOUR-BUILDING COMPLEX ($120MM) Incubator North: 4 wet labs (5,000 sq. ft.;opened January 2006) South: 15 wet labs, 9 dry labs& 6 offices (28,000 sq. ft.;opened June 2011) Technology Business Center (TBC) Custom build-to-suit labs & offices (128,000 sq. ft.;opened November 2006) Full conference center IIT Tower Commercial office space IITRI Pre-clinical CRO

  11. Illinois Institute of Technology

  12. Illinois Institute of Technology

  13. Illinois Institute of Technology BEFORE & AFTER

  14. Illinois Institute of Technology BEFORE & AFTER

  15. Illinois Institute of Technology BEFORE & AFTER

  16. Illinois Institute of Technology

  17. Illinois Institute of Technology Technology Incubator Technology Business Center

  18. Illinois Institute of Technology The state-of-the art building will house workshops and technical media labs and offer students and faculty a centralized facility with a singular purpose of promoting the basic elements of innovation and transitioning new ideas into products and processes.

  19. Illinois Institute of Technology Kaplan Family Institute • Began in 2009/14 Strategic Plan: “Innovation Sandbox” • Capstone achievement of Fueling Innovation: The Campaign for IIT • Top campaign priority of President Anderson • Proposed 100,000 sq. ft., five-story building will house IIT’s Idea Shop, Leadership Academy, Entrepreneurship Academy and Institute of Design • Flexible and dynamic spaces • Computer labs and media stations for the creation of mobile apps, digital videos, interactive games, 3D models, animation, and eBooks • An electrical workshop to create electronic components and circuitry • A materials workshop and lab with fabrication and rapid prototyping equipment

  20. Illinois Institute of Technology Donor Profile Ed and Carol Kaplan • Raised in Chicago - Rogers Park • Senn High School • 1965 - B.S. – MechE - IIT • 1971 – M.B.A. - University of Chicago • Zebra Technologies – Founder & CEO • Trustee since 1998

  21. Illinois Institute of Technology Donor Profile Ed and Carol Kaplan Areas of interest: • Entrepreneurship • Innovation • Arenas of distinction • “Real-world” experience • IPROs • Curriculum development • Student outcomes – impact 4000 undergrduates

  22. Illinois Institute of Technology Donor Profile Ed and Carol Kaplan • 2000 - Funded the Ed Kaplan Entrepreneurship Studies Program • Preps engineering students to be successful entrepreneurs and business leaders • Develop business plans for new enterprises • Concepts that are commercially promising can qualify for seed money

  23. Illinois Institute of Technology Donor Profile Key characteristics 1968-1996: @ $15k cumulative donations 1999-2006: Galvin/Pritzker Campaign $600K 2009-2011: $2.5M pledge Since 1995 • At least 3-5 substantive contacts a month • Close friendships with other trustees (including former classmates) • Epitome of “venture philanthropy” - investing in business capacity & opportunity • Almost always a matching component to his gifts • Business success due to partnership and many IIT employees • Corporate relations angle

  24. Illinois Institute of Technology Donor Profile Since 2010 • 2009 - Established the Kaplan Chair in Engineering • Silent to public phase of current capital campaign • Feasibility Study Task Force • Consistent “asks” from other non-alumni trustees ($10M+ donors) • At least 3-5 substantive contacts a month

  25. Ed Kaplan Family Institute "IIT has a very bright future and I continue to be excited to be part of that future"

  26. Illinois Institute of Technology Life Cycle of Giving Parallels Corporate Engagement Cycle • Angel “betting” phase – speculative money – good for identifying potential donors – chicken and egg – read local business magazines – follow the angel venture capitalists • Tech Park Phase – high engagement phase: recruitment of student talent; faculty advisors/collaborators; R&D • Break/Even Event – 3-5 years out – recognize success – target for alumni employee giving program • Growing and Profitable – ongoing recruiting, sponsored programs • Public Offering or Buy-Outs – solicit owners for major gifts • IIT example: Cleversafe

  27. Illinois Institute of Technology Life Cycle of Giving Parallels Corporate Engagement Cycle • Mature • Comprehensive and programmatic • Corporate Foundation • Robust university corporate relations program • Advisory board roles • Corporate officers as trustees • IIT example – Grainger & Motorola

  28. Illinois Institute of Technology Tech Park Leverage Types of Strategic Development Plans / Models Individuals: IIT – Tech Park and Innovation Center – Primarily focused on alumni and “communitarian” philanthropists: Ed Kaplan; Pritzker Family; John Rowe; Galvin Family; Duchussois Mixed: Purdue Discovery Park – http://www.purdue.edu/discoverypark Individuals, corporations, and foundations Corporate: CU/ICAR – http://cuicar.com Primarily focused on strategic corporate partners (BMW); narrow industry focus (automotive); high risk/high reward

  29. Significant Press Purdue Discovery Park, Nanotechnology Ctr. (2001) – Purdue University has announced it will build a $100 million Discovery Park and already has raised $51 million for the first building, the Birck Nanotechnology Park. "This new nanotechnologyfacility will position Indiana to become a player in the 'Silicon Valley' of the future," Jischke said, noting the state's investment was crucial for the project. "We were able to leverage state funding of $5 million to attract another $46 million in private and federal dollars. University of Connecticut – Dec. 2012 Mun Choi, interim provost, said the kind of work envisioned for the tech park includes additive manufacturing, nanotechnology, genomics, and digital innovation.

  30. Significant Press Chicago's other tech incubator is here By John Pletz – Crain’s Business April, 2014 “If you're looking for Chicago's top incubator for business startups in life sciences and other hard-core technologies, you won't find it in River North's lofts or among the medical centers on the West Side. Instead, you need to head to the South Side, where you'll find several nondescript, World War II-era buildings on the campus of the Illinois Institute of Technology. Inside is state-of-the-art lab equipment used in everything from drug production and diagnostic tests to making advanced batteries and custom microchips. “This is where big ideas go to happen,” says David Baker, IIT's vice president for external affairs. “We've created real companies that have succeeded and grown. We've proven we're a critical component of the ecosystems the city wants to grow—life sciences and clean tech.”

  31. Illinois Institute of Technology Tech Parks Presentation / References / Resources Great Case Studies • IIT – University Technology Park • Clemson – CU/ICAR consortium • Purdue – Discovery Park

  32. Illinois Institute of Technology References / Resources Contemporary Case Study University of Connecticut Tech Park http://techpark.uconn.edu “Great universities don’t occur by chance, they come by identifying and supporting areas of excellence and then leveraging that excellence to enhance the entire university. UConn is investing in infrastructure and in faculty and in key programs such as Bioscience Connecticut and technology parks, but we cannot achieve success on our own. Philanthropic support is absolutely essential to our ongoing progress.” President Susan Herbst

  33. Illinois Institute of Technology Tech Parks Presentation / References / Resources Reports / Resources: National Research Council - http://www.nationalacademies.org/nrc Understanding Research, Science and Technology Parks: Global Best Practices (2009) The Batelle Report -http://www.battelle.org/ Illinois Science & Technology Coalition – http://istcoalition.org Association of University Research Parks- http://www.aurp.net Essays: • http://hbr.org/2009/07/restoring-american-competitiveness/ar/1 • http://www.businessweek.com/innovate/content/jun2009/id2009061_849934.htm

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