Technology Commercialization and Innovation Program (TCIP

OVERVIEW

U.C.A 63M-1-704

The last fiscal year highlights the successes of the changed Technology Commercialization and Innovation Program (TCIP) TCIP supports the acceleration and commercialization of promising technologies from universities and colleges in the state, leveraging in particular the investments made by USTAR and the hundreds of millions of dollars of federal research grants to the State’s colleges and universities each year The Program offers grants to college and university teams and principal investigators seeking to commercialize their research, as well as to companies who have licensed technology from Utah’s colleges and universities The primary goal of TCIP is to accelerate commercialization of university-based research and innovation in order to drive economic development and job creation in the State of Utah, which supports the Governor’s challenge to Utah businesses to accelerate the creation of 100,000 jobs in 1,000 days

The program supports a wide range of technology commercialization projects at critical funding points The application process is competitive, with multiple selection cycles per year Grants of up to $40,000 are awarded on a first application and up to an additional $40,000 in a second round, for a maximum of $80,000 per applicant for a single technology and require matching funds from federal or private sources to augment the State’s investments in these teams and technologies The projects to be funded are recommended by a panel of private sector industry and investment experts and projects can hail from any industry sector, including IT/Software, biotechnology, medical devices, energy and cleantech

2012 Grant Solicitation Report:

The TCIP executed three grant solicitation cycles in FY 2012 The program received 99 grant applications totaling over $3 9 million in funding requests; $2 0 million in grants were awarded to 49 different applicants The charts below provide a summary of significant TCIP-related statistics from FY 2012

Additional TCIP Program Highlights and Achievements

Utah is ranked the top states for business and careers by Forbes and others in part because of the state government’s commitment to efficiency and effectiveness Consistent with that goal, TCIP strives to execute a highly effective, efficient and responsive program as we drive toward achieving the important goals for the program

TCIP Grants by University – FY12 TCIP Grants by University – FY12 TCIP Grants by Industry Group – FY12 TCIP Grants by Project Type – FY12

Life Sciences 26, 53%

IT/Software 7, 14% Materials, Manf., Energy, and Enviro. 16, 33% University 16 33%

Licensee 33 67%

Some of the important highlights from FY2012 include:

• A review of TCIP grant recipients from FY 2011 and the first two rounds of FY 2012 found that of 31 respondents, 22 had received some degree of follow-on funding which totaled to nearly $24 million • The program implemented greater publicity efforts, including press releases before and after grant solicitation rounds, broader distribution through social networks, etc of grant announcements and so forth which helped grant applications increase 14% from FY11 The number of grants awarded also increased 14% of FY 2011

• The full application process, including project evaluations and contract and invoice submissions, moved from a Microsoft Excel based process to online, increasing the ability to archive and track program data and helping overall administrative efficiency • The program significantly increased the specificity and uniformity of its project scoring and evaluating criteria to achieve a better framework for review and decision-making, including by the prescreening institutions who review projects on behalf of TCIP, including the University of Utah and Brigham Young University • The private sector review panel secured several new reviewers with significant industry expertise in IT/Software and biotechnology, as well as depth in entrepreneurship and venture capital investing • Significant due diligence was performed to research possible entrepreneurial training programs that could be an adjunct to the program to support TCIP grant recipients • Greater potential for collaboration between the TCIP program and grant recipients was enhanced through periodic webinars and an online social network via a

LinkedIn Group

For more information about the Technology Commercialization and Innovation Program, contact Program Director David Bradford at 801-502-1931 or dbradford@utah.gov