The ability to take decisive action, particularly during times of great uncertainty, is the hallmark of successful leadership. History proves that those who know how to scout the future will possess a critical strategic advantage over their competitors.
How will an increasing number of people get quality care at a cost that the nation can afford? The answer isn’t hard to figure out. It’s innovation.
From a recent Forbes report : In the 30 years since the U.S. Congress passed the Bayh-Dole Act, which assigned ownership of federally-funded inventions to academic institutions, university inventions have led to 6,000 new businesses, 4,300 new products, and 153 drugs, the Association of University Technology Managers (AUTM) reports.
Even through the Great Recession, university technology commercialization has continued apace. The recently released annual survey put out by Association of University Technology Managers (AUTM) reveals that U.S. academic institutions generated $2.3 billion in licensing income in 2009, a slight increase over the previous year when one-time payments from litigation and up-front fees are excluded.
From writer Lauren de Vore: One secret to success in just about any endeavor is to play to people’s strengths. That’s what Lawrence Livermore National Laboratory is doing for technology commercialization through its Entrepreneurs in Readiness program. In carrying out the laboratory’s national security mission, scientists and engineers come up with a wide range of technology innovations and breakthroughs, and many of these technologies also can be applied to meet important needs in the marketplace. However, the skills needed for outstanding science and engineering are not those needed to excel in business and entrepreneurship
At the CICEP meeting David Gard (Executive Director) and I attended in Portland Kent Glasscock, former Speaker of the House of Representatives in Kansas and now President of Kansas State’s IURTC, referenced the document below several times in his remarks. He was very persuasive and used this document to back up many of his remarks. His message was simply, GREAT IDEAS + SKILLED TALENT = WEALTH CREATION
The Leadership Development Institute (LDI) at the Kelley School of Business was created to help students grow and leverage important leadership behaviors that will increase their effectiveness in getting business results while working with and through others. Its goal is to develop students’ ability to lead people so that they are immediately capable of running teams and small projects upon graduation, and managing people within 3 years. LDI helps students accelerate their growth through the assessment center, special training sessions on key leadership dimensions, internet learning modules, tailored development action plans, and one-on-one sessions with an LDI coach. LDI challenges students to use and apply the leadership behaviors in real settings, and receive feedback to improve their effectiveness.
Life Science Collaboration Series
With support from industry and economic development partners, the Indiana Life Science Collaboration Series was created to assist the state’s healthcare and life science industries with learning best practices and new ways to collaborate. The first event in the series that September focused on Indiana’s life sciences clusters.
Now moving into its sixth year, the successful conference series will open on Sept. 23 in Indianapolis with an extensive program on the “consumerization” of medical product marketing. Several marketing professionals and researchers will be among the participants at the conference, which will take place 8 a.m. to 3:15 p.m., at the Indiana University School of Medicine’s Walther Hall, 980 W. Walnut St.
Indiana University President Michael A. McRobbie has been named vice chairman and chairman-elect of the Board of Trustees for Internet2 for the 2011-2012 academic year. He will become chairman of the organization’s 18-member board for a three-year period beginning with the 2012-2013 academic year.
Internet2, formed in 1996, is an advanced networking consortium led by the research and education communities and dedicated to developing breakthrough Internet technologies and advanced applications also used in healthcare, science and the arts and humanities.
In a report featured in today’s edition of The Wall Street Journal, Indianapolis is profiled, among other new industry hubs across the country drawing entrepreneurs, investors, and offering start-ups support and safety in a turbulent economy, as a leading region for life sciences. Read the complete report here:
INDIANAPOLIS: LIFE SCIENCES
Indianapolis used to be the quintessential Rust Belt city. Now it’s at the center of a statewide boom in the life sciences business.
The state has added 8,800 jobs in the life sciences in recent years, and today some 825 medical-device companies, drug manufacturers and research labs call Indiana home.
Indianapolis, which is home to big names in the field such as Eli Lilly & Co. and health insurer WellPoint Inc., is leading the transformation. Corporations like these have added the lion’s share of the state’s new life-sciences jobs. Now they’re helping smaller companies get off the ground, too—by spinning off new businesses as well as by backing independent start-ups. Eli Lilly, for instance, has contributed roughly $60 million to seed and venture funds that are supporting entrepreneurs.
That isn’t the only way big companies are easing the way for small ones. With new firms arriving to supply the large drug makers, start-ups are getting access to a range of services at competitive prices.
“We have access to companies in Indiana where we can outsource functions like toxicology, analytics and clinical supply,” says Ron Ellis, president and CEO of Endocyte Inc., a 65-employee firm that’s testing a cancer treatment.
Many small firms, meanwhile, are helping others get off to a good start. David Broecker, president and chief executive of BioCritica Inc., an Eli Lilly spinoff, says his peers have referred employees, suggested work space and given information on tax and financial incentives.
It’s just the environment he hoped for when he left the East Coast to build a company. He considered other spots but settled on Indianapolis because “it’s all new and exciting here for these folks, so there is a hunger for doing this type of thing.”
AUTM announces the release of highlights from the AUTM U.S. Licensing Activity Survey: FY2010, a report scheduled for release at the end of the year. The survey summary shares quantitative information about and real-world examples of licensing activities at U.S. universities, hospitals and research institutions.
“The data provide interesting insights as to the state of academic technology transfer,” says Shawn Hawkins, AUTM vice president for metrics & surveys. Read more below.