University of South Carolina Taking a leading role in Economic Development
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Transcript of University of South Carolina Taking a leading role in Economic Development
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Office of Economic Development
University of South Carolina Taking a leading role in Economic Development
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Office of Economic Development
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Office of Economic Development
USC businessLINK was createdin October 2003 from five existing resources:
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Office of Economic Development
CMAT IntellectualProperty
Industrial Agreements
USC Small BusinessDevelopment
Center
Incubator
USC businessLINK brings together:
USC Faculty
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Office of Economic Development
What’s the benefit to you?
USC businessLINK streamlines your access to
faculty, staff, facilities and support services!
One call
One click
No delays
No hassles
No red tape
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Office of Economic Development
USC businessLINK designed to support:
Small to medium manufacturers (CMAT)
Technology start-up companies (USC Columbia Technology Incubator)
Entrepreneurial/ Small business community (USC SBDC)
R&D Outsourcing (Industrial Agreements Unit)
Technology acquisition (Intellectual Property Office)
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Office of Economic Development
Center for Manufacturing and Technology
Provides valuable technological, workplace,
business and training solutions to smaller
South Carolina manufacturers
Utilizes USC facilities and the expertise of
USC faculty, students, and staff at a
cost savings to the these clients
Expands clients’ operational effectiveness,
and helps them gain higher levels of
competitiveness
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Office of Economic Development
Industrial Agreements Unit
Supports industrially sponsored programs and research with dedicated staff to negotiate:
Research Agreements
Master/Umbrella Agreements
SBIR/STTR Agreements
Intellectual Property Allocation Agreements
Material Transfer Agreements
Non-Disclosure Agreements
Clinical Trial Agreements
Teaming Agreements
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Office of Economic Development
USC Columbia Technology Incubator
Home to student and non-student companies, and “Landing Parties” (established companies relocating to South Carolina or opening office in Columbia)
Requires a close working relationship with USC or Midlands Technical College
Provides opportunity for USC faculty, staff, and students to commercialize their ideas
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Office of Economic Development
USC Small Business Development Center
Provides generally fee-free business counseling:
to existing business owners
to those wishing to start a business
One-on-one consultation
Special interest seminars
Information referral services
Supported with federal, state, and private funds
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Office of Economic Development
Intellectual Property Office
Supports USC’s intellectual property
portfolio with:
Technology Assessments
Commercialization Planning/Implementation
Intellectual Property Protection and Management
Intellectual Assets and Resources Marketing
Invention Disclosure Management
License Negotiation & Management
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Office of Economic Development
USC businessLINK is the right resource for today’s business environment
Trends - More companies outsourcing R&D
Expertise - Faculty possess specialized skills/talents
Workforce - Growth firms need trained workers
Equipment Needs - Companies do not want to buy
expensive, rarely used instrumentation
Culture - Companies want to locate in areas with
strong cultural environment.
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Office of Economic Development
USC businessLINK supports South Carolina Competitiveness Initiative
Harvard Professor Michael Porter's study on South Carolina's competitive posture calls for increased support for start-ups and local firms, creation of new institutions focused on upgrading the local business environment, and more investments in research.
USC businessLINK supports all of these initiatives
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Office of Economic Development
How are we doing that?
Marketing USC’s vast resources
to the business and economic development
communities
Streamlining the business and economic
development connection to those
USC resources
Increasing USC’s public-private partnerships
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Office of Economic Development
What have we done so far?
Worked with almost 5,000 clients
Helped create or save more than 5,400 jobs
Supported business investments statewide totaling Over $207.4 million
Received over $32.6 million in industrial sponsored research revenue and almost $1.3 million in royalties
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Office of Economic Development
What are we doing right now?
Working with more than 100 businesses
up and down the East coast (including
Fortune 500 manufacturers, individual
entrepreneurs, and venture capital firms)
Working with State agencies
Working on lean manufacturing, marketing and
business development, capacity utilization,
technology transfer, R & D, etc.
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Office of Economic Development
What are we going to do going forward?
Strengthen public attitudes about USC’s support for area business community and economic development efforts
Provide research, development and support services, and resources that can produce a higher level of business competitiveness
Enhance private sector recruitment efforts
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Office of Economic Development
You’ve got business challenges. We’ve got business solutions.
Call, Click, Connect…
Toll-free at 1-866-756-2883
www.uscbusinesslink.com
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Office of Economic Development
You’ve got business challenges. We’ve got business solutions.
Or visit our new office in Downtown Columbia:
South Trust Tower
1201 Main Street
Lobby Level