Quarterly Regional Breakfast

Anson W Fatland, PhD

AVP for Economic Development &

External Affairs

April 10 2013

For Today

•About WSU

•Commercialization and Tech Transfer

• Economic Impact

WSU Research and Innovation Stations

WSU Commercialization by the Numbers

• 2008-2012, WSU: Was awarded nearly $1 billion in external research funding–8,700 individual awards

Brought in more than $27 million in industry-sponsored research

Received more than 300 invention disclosures from faculty

Filed over 300 patent applications Was awarded 55 patents Created 16 startup companies

What Are WSU’s Core Competencies in IP?

Breadth of IP Portfolio

WSU Research and Technology Park

•One 50,000 square-foot building Leased by established and growing companies–BioNiche–Phytelligence–Composite and Materials Engineering Center

4,000 square feet of Incubator space

• Second 25,000 square-foot building Mid-size companies–3D4U Solutions–Family Home Care/Gentiva–Office of Commercialization

Some of WSU’s Contributions to the WA Economy

• $1 billion of est. $2 billion North American wood composites market stems from WSU research

• Over $6B annual tree fruit industry in Washington

• WA is one of the most productive wheat growing regions in the world• In 2011 the WA wheat crop was valued at more than $1 billion; WSU-

developed seed counted for 28% of planted crop

• Grape growers create Washington’s $8.6B annual premium wine grape industry in Washington – New wine science center in Richland

• Biofuels research supports aviation industry and positions PNW to become hub of biofuels

• In 2012 SBDC helped 3,074 small business, created or saved 922 jobs, and helped source more then $35 million in capital; SBDC clients generated $6.9 million in tax revenues

WSU Commercialization of WA-38

•Developed by Dr. Kate Evans at WSU Research Station in Wenatchee In development for 15 years

• Large, dark red apple, with firm, crisp, juicy texture; stores remarkably well

• Est. 2016 for fruit-bearing trees in production

New Li-ion Battery Technology

• Developed novel anode material for Li-ion battery that increases capacity, increases lifetime, and reduces costs

•WSU Researcher Patents Longer Battery Life – npr.org, 5/23/2012

• Battery Technology: WSU Patents Tin and Lithium Battery Design, wacleantech.org, 5/25/2012

•WSU Researchers Turn Battery Research on its Head, seattletimes.com, 6/3/2012

Why Should WSU do Tech Transfer?

• Facilitate commercialization of research results for the public good

• Reward, retain, and recruit high-quality researchers

• Build closer ties to industry

•Generate income for further research and education and promote economic development

•Act as a tie-in with entrepreneurship and innovation programs across academic units

The New WSU Office of Commercialization

•Office of the President, March 5, 2013

…I have asked Anson Fatland...to oversee creation of the new WSU Office of Commercialization (which) is a much more direct description of what we want to do – bring to the commercial market the good work of our researchers for the benefit of our stakeholders and beyond. It also gives increased institutional emphasis on innovation, discovery, commercialization, industry partnerships, and economic development.

The long-term vision for this new organization, which we are working to launch by July 1 this year, is to help create an institution-wide culture of coordination and cooperation, a culture of entrepreneurship, innovation, and development. We will continue to add tools, resources, and programs to support these activities; the new Office of Commercialization is an important and exciting first step.

WSU’s Economic Contribution of Washington State University to the State of Washington

WSU Source of Funds FY2011

$868.4 million

FY2011 Use of Funds

WSU impacts the economy of the state of Washington

•Directly through: Creation of human capital through education Research and innovation that generates and disseminates new

information Participation in public service through WSU Extension and other

outreach activities

•Investments in construction and equipment on campuses

•Indirectly through vendors

•Re-investment by WSU employees

•Student activities and experiences

•Out-of-town visitors attending athletic events

WSU Economic Contributions

Economic Impacts

•WSU Expenditures $783.4 million $2.3 billion impact–2.98 multiplier effect

•Capital Investment (Construction and Equipment) $115.1 million $199.6 million–1.73 multiplier effect

• Student Activities $481.5 million $1.016 billion– 2.11 multiplier effect

• State and Local Tax Effects of WSU programs include: Construction and equipment Students and dependents Athletic and major events

• Total tax contributions: $147.9 million

• WSU and related economic activity supported 20,900 jobs beyond the University

0.74 % of Washington non-farm employment in 2011

WSU Tax and Job Impacts

• WSU state appropriations for FY 2011 were $189.2 million

• Economic activity generated by WSU expenditures, including construction and equipment, was $2.5 billion

$13.41 per dollar of state appropriations

• Economic activity generated by WSU including by spending by students and on events was $3.5 billion

$18.89 per dollar of state appropriations

WSU Economic Performance per State Dollar

• High school graduates have work-life earnings of $1.8 million

• Bachelor degrees have work-life earnings of $3.5 million

• In FY 2011, WSU graduated 6,391 students 5,221 bachelor's degrees; $1.7 million in additional earnings 763 master's degrees; $500,000 in additional earnings 211 doctoral degrees; $700,000 in additional earnings 196 professional degrees; $1.3 million in additional earnings

• Additional human capital contributed by WSU for the FY 2011 graduates was $9.7 billion

WSU Land Grant Mission: Education

WSU Land Grant Mission: Research

$236.9 million

• The USDA estimates a benefit/cost ratio for agricultural research is 15:1

•WSU was awarded $105.0 million for agricultural research in FY 2011

• Benefits of WSU agricultural research from the $105.0 million investment in FY 2011 are expected to be $1.6 billion

• If remaining WSU research produced similar returns, the total benefits from WSU research would be $3.6 billion from FY 2011 research investments of $236.9 million

WSU Land Grant Mission: Research

• Total WSU expenditures, including construction and equipment, generate $2.5 billion economic contribution to Washington

• Spending by student and dependents and on athletic events contribute an additional $1.0 billion

• Washington 2011 Gross State Product was $355.1 billion

• Total economic contribution of WSU and students is $3.6 billion, or 1% of Gross State Product

WSU Economic Contributions FY 2011

• WSU enhanced human capital for FY 2011 graduates by $9.7 billion

• WSU agricultural research investments in FY 2011 are expected to produce $1.6 billion in benefits; at a similar multiplier, total research investments produce economic benefits of $3.6 billion

• Total $13.3 billion

Long Term Economic Contributions for FY 2011

Summary of WSU Economic Contributions

Economic ContributionsTotal $3.6 billion

Long Term Expected BenefitsTotal $13.3 billion

Thank You!ansonf@wsu.edu

206-612-2589

economicdevelopment.wsu.edu