OHSU creates four new startups, sets record for industry-sponsored research income in 2013-2014
10/03/14 Portland, Ore.
Numbers represent university’s success in working with private industry on its scientific research, discoveries
Oregon Health & Science University formed four new bioscience startup companies in the 2013-2014 fiscal year and brought in more industry-sponsored research funding during the year than ever before.
OHSU also completed more licensing agreements with private companies than ever before and signed a record 196 "non-disclosure" agreements with private companies — a measurement that shows OHSU and private industry have begun discussions about research discoveries that could turn into devices, drugs or startup companies down the road.
The startup and other commercialization numbers are among the annual statistics OHSU released today showing its growing success in linking its research and scientific discoveries with private industry, private markets and public benefit.
"We at OHSU are working hard, and doing better every year, at moving research discoveries toward the private market — ultimately turning them into companies and products that may someday improve people's health in the U.S. and throughout the world, " said Andrew R.O. Watson, Ph.D., C.L.P., director of technology transfer for OHSU's Technology Transfer and Business Development office.
The OHSU TTBD office will detail its annual figures at an awards event on the evening of Oct. 6.
Among the highlights:
OHSU brought in $13.75 million in industry-sponsored research income in the fiscal year that ended in June 2014, almost double the income from 2012-2013 and a record for the university. This private support of OHSU researchers is increasingly important as the federal government continues to cut or slow spending on medical research.
OHSU fostered the formation of four new startup companies in the 2013-2014 fiscal year, more than any year since 2008. OHSU has helped to create 48 startup companies to advance products or research discoveries since 1998.
OHSU signed 84 commercialization agreements — either license or option agreements — also a record for OHSU and 50 percent more than two years ago. These "commercialization" agreements allow for the owner of a technology to grant rights to another party to make, use and sell products and services or to further evaluate the technology.
OHSU entered into 196 non-disclosure agreements with private industry and other partners. These agreements outline information OHSU or the partner is willing to share with each another in order to pursue a license or other business relationship while keeping the information confidential. The number of non-disclosure agreements is a good barometer for the level of private-industry interest in OHSU research and discoveries for possible commercialization and partnerships down the road.
The TTBD office also received 128 new inventions from OHSU researchers in the 2013-2014 fiscal year, some of which may eventually turn into granted patents and out-licensed technologies. That number matched the previous high for new inventions, reached in the 2010-2011 fiscal year.
Oregon Health & Science University is the state's only public academic health and research university. As one of Oregon's largest employers with more than 14,000 employees, OHSU's size contributes to its ability to provide many services and community support not found anywhere else in the state. OHSU serves patients from every corner of Oregon and is a conduit for learning for more than 4,400 students and trainees. OHSU is the source of more than 200 community outreach programs that bring health and education services to each county in the state.