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Technology Transfer and Commercialization in Greater Philadelphia

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Technology Transfer and Commercialization in Greater Philadelphia TECHNOLOGY TRANSFER AND COMMERCIALIZATION IN GREATER PHILADELPHIA PREPARED BY: CEO Council for Growth| Technology Transfer and Commercialization in Greater Philadelphia i TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................................................................... iv 1.0 INTRODUCTION ..................................................................................................................... 1 1.1 The Importance of Technology Transfer and Commercialization to a Region’s Vitality .................................................................................................................................... 1 1.2 Technology Transfer and Commercialization in the Greater Philadelphia region, Circa 2007 ................................................................................................................ 1 1.3 An Updated Look at the Technology Transfer and Commercialization Landscape in the Greater Philadelphia region ............................................................... 2 1.4 Overview of Report and of Methodological Approach ....................................... 5 1.5 About Econsult Solutions ............................................................................................ 6 1.6 About the CEO Council for Growth ......................................................................... 7 2.0 TECHNOLOGY TRANSFER AND COMMERCIALIZATION .................................................... 8 2.1 Overview ..................................................................................................................... 8 2.2 Defining Technology Transfer .................................................................................... 8 2.3 The Reason for and Purpose behind University Technology Transfer Offices ...... 8 2.4 Initial Inputs .................................................................................................................. 9 2.5 Innovation Activity ...................................................................................................... 9 2.6 Desired Outcomes .................................................................................................... 10 2.7 Participants ................................................................................................................ 10 2.8 Describing the Process ............................................................................................. 11 2.9 Organizing an Evaluation of a Region’s Technology Transfer Performance ..... 13 3.0 INITIAL INPUTS ...................................................................................................................... 14 3.1 Overview ................................................................................................................... 14 3.2 Initial Inputs Metric: Degrees Conferred ................................................................ 14 3.3 Initial Inputs Metric: Financing of Academic R & D .............................................. 16 3.4 Implications of Regional Evaluation of Initial Inputs Metrics ................................ 18 4.0 INNOVATION ACTIVITY ...................................................................................................... 20 4.1 Overview ................................................................................................................... 20 4.2 Innovation Activity Metric: Invention Disclosures Reported ................................ 20 4.3 Innovation Activity Metric: Patents Granted ......................................................... 21 4.4 Implications of Regional Evaluation of Innovation Activity Metrics .................... 22 5.0 DESIRED OUTPUTS ............................................................................................................... 25 5.1 Overview ................................................................................................................... 25 5.2 Desired Outputs Metric: Licenses Executed .......................................................... 25 5.3 Desired Outputs Metric: University Start-up Ventures Formed ............................. 26 5.4 Desired Outputs Metric: Venture Capital Investment Received ........................ 27 Econsult Solutions | 1435 Walnut Street, Ste. 300 | Philadelphia, PA 19102 | 215.717.2777 | econsultsolutions.com CEO Council for Growth| Technology Transfer and Commercialization in Greater Philadelphia ii 5.5 Implications of Regional Evaluation of Desired Outputs Metrics ........................ 28 6.0 INDEXING THE GREATER PHILADELPHIA REGION’S PERFORMANCE .............................. 30 6.1 Overview ................................................................................................................... 30 6.2 Initial Inputs Index Results ......................................................................................... 30 6.3 Innovation Activity Index Results ................................................................ ............. 31 6.4 Desired Outputs Index Results ................................................................................. 32 6.5 Consolidated Index Results ..................................................................................... 33 6.6 The Greater Philadelphia Region’s Standing Relative to Other Regions ........... 34 7.0 INDUSTRY CLUSTER ANALYSIS ............................................................................................ 37 7.1 Overview ................................................................................................................... 37 7.2 Location Quotient Analysis ...................................................................................... 37 7.3 Shift Share Analysis ................................................................................................... 38 7.4 Occupational Cluster Analysis ................................................................................ 38 8.0 EVALUATING THE REGION’S ASSETS .................................................................................. 40 8.1 Overview ................................................................................................................... 40 8.2 Ingredients for a Vibrant Technology Transfer Ecosystem ................................... 40 8.3 Organization of Assessments and Themes ............................................................ 41 8.4 The Centrality of Research Institutions ................................................................... 41 8.5 Collaboration Is Key ................................................................................................. 42 8.6 The Corporate Landscape ...................................................................................... 43 8.7 The State of Venture Capital .................................................................................. 44 8.8 Talent Attraction ....................................................................................................... 45 8.9 Competitive Advantages in Research Priorities ................................................... 46 9.0 RECOMMENDATIONS ........................................................................................................ 47 9.1 Overview ................................................................................................................... 47 9.2 The Premise behind the Goal and Recommendations ....................................... 47 9.3 One Overarching Goal ............................................................................................ 47 9.4 Intended Impacts from Pursuing This Goal ............................................................ 48 9.5 Recommendations ................................................................................................... 48 10.0 CONCLUSION ..................................................................................................................... 52 APPENDIX A – SUMMARY OF RECOMMENDTIONS FROM THE 2007 CEO COUNCIL FOR GROWTH STUDY ON TECHNOLOGY TRANSFER AND COMMERCIALIZATION ....................... A-1 APPENDIX B – COUNTY MAKE-UP OF COMPARISON REGIONS ............................................. A-2 APPENDIX C – BACKGROUND INFORMATION ON THE LEADERS OF SELECTED INSTITUTIONS IN THE GREATER PHILADELPHIA REGION .................................................................................. A-4 APPENDIX D – BACKGROUND INFORMATION ON THE LEADERS OF SELECTED PRIVATE SECTORS IN THE GREATER PHILADELPHIA REGION ................................................................. A-8 APPENDIX E – BACKGROUND INFORMATION ON SELECTED TECHNOLOGY TRANSFER AND COMMERCIALIZATION INITIATIVES IN THE GREATER PHILADELPHIA REGION ...................... A-10 Econsult Solutions | 1435 Walnut Street, Ste. 300 | Philadelphia, PA 19102 | 215.717.2777 | econsultsolutions.com CEO Council for Growth| Technology Transfer and Commercialization in Greater Philadelphia iii APPENDIX F – BIBLIOGRAPHY OF SOURCES CONSIDERED FOR THIS REPORT ..................... A-15 APPENDIX G – SURVEY QUESTIONS ........................................................................................ A-19 APPENDIX H – LIST OF COMPANIES COMPLETED THE SURVEY ............................................. A-26 APPENDIX I – INTERVIEWS CONDUCTED FOR THIS REPORT ................................ ................... A-27 APPENDIX J – ADDITIONAL DETAIL ON SCIENCE AND ENGINEERING DEGREES CONFERRED BY REGION ...............................................................................................................................
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