star park – star one science, technology and advanced research a member of the texas state...
TRANSCRIPT
STAR Park – STAR One
Science, Technology and Advanced Research
A member of The Texas State University System
Return OnInvestment
CommercializationBusiness Incubation
ProductsServices
CommercialEnterprise
TechnologyDevelopment
ResearchIntellectual
PropertyDiscovery
© 2003 Arizona Board of Regents
Role of Research Parks In Innovation
The Innovation Continuum
Role of Research Parks In Innovation
Role of Research Parks In Innovation
Enhance technology transfer from University to the
marketplace
Increase interaction between companies & the
University
Promote entrepreneurship & innovation
Provide meaningful employment experiences through
internships & co-ops
Role of Research Parks In Innovation
Increase career opportunities students & graduates
Provide launch pad for startups and landing pad for
technologies commercialized from the University
Create critical mass of innovation based companies
Promote knowledge and technology based economic
development
Research Park Stakeholders
University– Institution– Faculty/staff
– Students
Business/industry– Collaboration opportunities
– Student recruitment
Alumni and Donors
State
Community
Unique Nature of Research Parks
Entrance criteria
Collaborative environment
Covenants, Conditions & Restrictions
Design standards
Time frame: not a real estate asset
Research Park Benefits
Attraction & retention of faculty
Source of Adjunct Faculty
Exposes Faculty to current business practices
Increased business collaborations
Increased opportunity for private sector grants
Research Park Development Timeframes
Challenge: managing expectations Build out 20+ year horizon University of Nebraska Technology Park
4 1993 land assembled
4 1996 ground broken for incubator: 4 firms/10
employees
4 2003: 12 firms/500 employees
4 2012: 19 firms/2,920 employees
STAR Park Business Model
Technology Business Incubator anchor
Multi-tenant/Accelerator building
University free standing facilities
Free standing single tenant buildings
Focal point in area market for innovation driven
businesses
Research Park Market Segments
Startup and growth stage companies
4 Faculty
4 Students
4 Community
Firms with existing University relationships
Firms seeking University collaborations
New business locations without previous University or
community association
Park Development StrategiesStartup & Growth Stage Firms
New faculty orientation
Create model path: discovery – market
Outreach to Colleges, Departments, Centers & faculty
Integration Technology Commercialization activities
Assistance in accessing specialized funding opportunities
(SBIR/STTR, NIST Innovation Corps., etc.)
Integration donor cultivation & alumni involvement
Park Development StrategiesStartup & Growth Stage Firms
Assist firms in accessing finance options
Engagement with regional angel investors & venture
funds
Explore development of local angel fund
Pursue creation of a proof of concept fund
Park Development StrategiesEstablished Firms
Current business collaborations
Prospective business collaborations
Alumni/donors
Business members of advisory committees
Park Development StrategiesNew Business Attraction
Seamless collaboration with community economic
development organization
– Integration of materials
– Cross links
– Park financial contributor & member of EDC team
Integration with regional & State economic
development organizations
Park Development StrategiesNew Business Attraction
Targeted marketing efforts
– Materials science
– IT/Software
– Local/regional/state target industries
International business development
– Explore Soft Landings designation
STAR Park 3055 Hunter Rd.
San Marcos, Texas
November 2012
STAR One Reception Area
STAR One Conference Room
STAR One Collaboration Room
STAR One Wet Labs
Stephen Frayser, MBA
Executive Director
STAR Park
Texas State University – San Marcos
3055 Hunter Road
mail: 601 University Dr. JCK Box 35
San Marcos, TX 786566-4684
Direct: ( 512) 245-6434
Main: (512) 245-7827
Cell: (512) 417-6331
E-mail: [email protected]