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Fostering Innovation & Entrepreneurship in Bioengineering at ASU

Explore the need for more innovation and entrepreneurship within ASU's Bioengineering Department, highlighting programs, projects, and the potential impact on commercialization.

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Fostering Innovation & Entrepreneurship in Bioengineering at ASU

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  1. the Need for More √ Innovation and Entrepreneurshipwithin the Harrington Department of BioengineeringArizona StateUniversityGary T. Yamaguchi, Ph.D.Associate Professor

  2. Arizona State University • ABET accredited B.S.E. Bioengineering degree emphasizing both breadth and depth • Approx. 400 undergrads; 80 grad students (4X increase since 1987) • Introductory Engineering Design (Freshman, 1 sem) • Intermediate Engineering (Product) Design (Jr, 1 sem) • Bioengineering Capstone Design (Sr, 2 sem, individually mentored) • Prosthetic & Rehabilitation Engrg Design (graduate)

  3. ASU Bioengineering Internship Program • Since 1996, 151 internship experiences have occurred in partnership with 32 medical device and biotechnology companies • Many Senior Design Projects are mentored by corporate sponsors

  4. NSF Senior Design Projects to Aid the Disabled • Program started by Jack Winters and Gary Yamaguchi in 1989; funding continues to 2008 • 118 Projects completed to date, a majority published annually in NSF Engineering Senior Design Projects to Aid the Disabled(Enderle & Hallowell, eds.) • How many of these have been commercialized? • How about new devices and technologies developed from research and development projects? • My own experience: 13 years, 4 disclosures, 2 provisional patent applications, 2 patent applications, one outside company licensee, zero dollars Zero so far...

  5. Plastic Injection Molded Split Hook; Rollerblade bearing Epoxy Impregnated Fiberglass Sockets Plastic Sliding Strip Elbow Components Low Cost Prostheses, via SBIR Mechanism

  6. Office of Technology Collaboration & Licensing • Under the Vice President for Research and Economic Affairs • General model, probably typical of state universities: • Professor comes up with an invention • Professor discloses invention to university • This office examines invention and files provisional patent application for 1 year protection • University seeks a company to license and commercialize invention • University hires outside law firm to file patent application with input from inventors • Royalties received are split in thirds to the inventors, the inventor’s department, and to the university

  7. Questions and New Developments • Financially supported graduate students are considered university employees, but self-supported grads and undergrads remain outside of this process (sort of) • Arizona lags many other states in Tech Transfer because the state Constitution prohibits universities from taking equity in companies • New governor Janet Napolitano is in support of a proposed amendment allowing universities to take stock or equity, and become shareholders in companies • This will release the (often small) startup companies from raising the cash necessary to pay licensing and royalty fees up front

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