Metrics of Success
Technology Venture Development performs a variety of outreach activities targeting commercialization performance results for the University of Utah. Key early stage indicators include intellectual property disclosures, commercial sponsored research agreements, and entrepreneurial educational program student participation. Mid stage results focus on commercial sponsored research revenues, technologies licensed to others and the revenues generated from these licenses. An important late stage measure of success includes the number of start-up companies that take University technologies into the market and generate new jobs and economic growth for The State of Utah.
| OUTREACH ACTIVITIES | Mid Year 12/07 |
Projected FY 08 |
| University Departments served by Tech Venture Outreach | 84% | 84% |
| Industry Contacts & Business Relationships | 80 | 100 |
| Entrepreneurial Educational Programs: Student Participation | ||
| - Tech Titans Competition (Spring Competition) | 115 | |
| - Lassonde New Venture Development | 25 | 25 |
| - Opportunity Quest | 120 | 120 |
| - Utah Entrepreneur Challenge (Spring Competition) | 470 | |
| - Legal & Commercialization Intern Program | 5 | 5 |
| - Business Development Intern Program | 6 | 6 |
| Total Students | 156 | 741 |
| OUTREACH RESULTS | Mid Year 12/07 |
Projected FY 08 |
| Intellectual Property Disclosures | 97 | 185 |
| Start-Up Companies | 14 | 17 |
| Executed Licensing Agreements | 28 | 56 |
| New Inventors | 23 | 40 |
| Industry Agreements facilitated by Tech Ventures | ||
| - Commercial Sponsored Research | 25 | 47 |
| - Commercial Sponsored Clinical Trials | 4 | 8 |
| - Grants & Projects Managed | 15 | 18 |
| Total Agreements Facilitated | 44 | 73 |
| REVENUES | Mid Year 12/07 | Projected FY 08 |
| Commercial Sponsored Research Revenues | ||
| - Private Contracts | $18,926,588 | $37,853,176 |
| - Private Clinical Trials | $3,563,133 | $7,126,266 |
| Royalty and Equity Income | $21,803,940 | $25,000,000 |
| Total Revenues | $44,293,661 | $69,979,442 |
