David Hawpe Courier-Journal

David Hawpe Courier-Journal May 22, 2006 1996 Issue facing community: How do we replace lost manufacturing jobs Response: Boyle Report – Plan to build new job clusters 2 Boyle Report 1996 – Boyle Report/GLI Visioning Committee Louisville needs a top research university to “unleash the potential of economic growth in all sectors of its economy” 3 1997 Issue facing state: How do we replace lost manufacturing, mining, and agricultural jobs Response: House Bill 1 – Postsecondary Education Improvement Act – Increase economic opportunity and quality of life 4 House Bill 1 1997 – HB 1 The University of Louisville shall become “a preeminent nationally recognized metropolitan research university” 5 1998 Issue: How does U of L meet community and state mandates Response: Develop a strategic/business plan “Challenge for Excellence” 1998-2008 6 The Challenge included U of L’s “Vision for Excellence in 2008,” which included 11 goals to be met by 2008 7 1. Achieve classification as a Carnegie Research I university COMPLETED 8 2. Have a national reputation for its quality undergraduate program ACT Scores 1997 2005 State U of L 20.1 21.3 20.2 23.9 9  Increased graduation and retention rates  Wall Street Journal survey named U of L one of the 30 top “feeder schools” to nation’s top graduate schools  Record number of student awards (Fulbright, Goldwater, Rotary, etc.)  Honors Program growth from 278 in 1999 to 818 in 2005 10 3. Have at least 20 nationally recognized research and graduate/professional programs  9 nationally recognized programs 2005 – several programs up for reconsideration 11 4. Attain designation as a National Institutes of Health Cancer Center  Comprehensive Cancer Center application to be submitted in October 2006  More than 15 new cancer drugs under development  Nationally sponsored research funding grew from $300,000 in 1999 to $36 million in 2005  Cancer capital campaign topped its $41 million, five-year goal in only 18 months; campaign continues 12 5. Have 75 endowed chairs and professorships in key fields COMPLETED  54 endowed chairs and professorships in 1999  107 endowed chairs and professorships in Fall 2005 13 6. Graduate at least 140 doctoral students per year COMPLETED  78 doctoral graduates in 1999  144 in 2006 14 7. Increase federal research funding to more than $40 million annually and increase total sponsored funding to $80 million per year COMPLETED  Federal research funding rose from $14.8 million in fiscal 1999 to $70.6 million in 2005  Total funding rose from $21 million in fiscal 1998 to $98.9 million in 2005  Fastest growth among research universities, according to NIH 15 8. Increase endowment from $255 million to $500 million COMPLETED  Endowment is currently $689 million (March 31, 2006)  Endowment ranks 88th among 745 NACUBO universities; highest among Kentucky public universities 16 9. Increase significantly the number of business start-ups that develop from university research activity COMPLETED  Business start-ups grew from 0 to 19 between 1998 and 2006  Aptamera, other successes 17 Compelling opportunity Prospecting Stage I Stage II Seed Round Stage III A Round MetaCyte begins the company creation process again with a new concept Origination Approx. 4 months Approx. 4 months Approx. 12 months Launch Identify & Evaluate •LDG Sleep Therapeutics -Agreed to Partner 5/06 •Orthopedic Products -Progress toward Partnership •Medical Imaging Products -Early stages of evaluation Begin seed funding process Possible * elimination point Pre-clinical Possible elimination point IND 510(k) Clinical Stage II: Prepare for Seed Funding •EndoProtech, Inc. - Received KSTC R&D Voucher Funding •InnoRem, Inc. - KSTC R&D Voucher Initiated AllTranz, LLC - Partnership Formed •AsotaBio, Inc.* •Inflamed Inc.* •3DR, Inc. •ApoImmune Inc. •Laboratory Partners, Inc.** •PGX Labs Stage I: Create the Business •BioInformatics/e-commerce - Progress toward incorporation •ImmunoTheragnostics - Agree to partner 5/06 •ULSD Diagnostic/Therapeutic - Agreed to partnership and developed business model •Cardiovascular Device - Conceptual framework in development *InflaMed, AsotaBio (founders have moved) **Funding in Place Stage III: Prime for A Round Investment •Pradama Inc. - Raised $450K in seed funding •RhinoCyte, Inc. - Closing on $460K seed financing •Software Solutions Group Inc. - Securing significant venture capital financing •Ocular Transplantation LLC - Identifying strategic partners •Mindstreet, LLC - Proposal for partnership submitted 10.Increase the number of patents and licenses based upon university research COMPLETED  Patents grew from 0 to 37 between 1998 and 2005 19 11. Be recognized as a national leader for linking its resources to the needs of its community COMPLETED     Metropolitan College Signature Partnership Partnership for a Green City JCPS 20 We have met or exceeded 9 of 11 goals  Plan to achieve Comprehensive Cancer Center status this year 21 We’re a much different institution today  Students from all 120 Kentucky counties  Research funding is up substantially  Student scholarship is up substantially 22 Time to Move Ahead  Share and celebrate these successes  Set a new challenge for ourselves 23 Next Step Set the Strategic Plan for 2020 24 How Do We Get There?  University-wide strategic planning process  Marketing/branding a new attitude  Capital campaign 25 Other Issues I. Hay Market a. b. c. II. Road Project Shelby Campus: 6 yr. Road Plan Contingency Fund Request Tea Grant Request 26