Tag Archives: Sethuraman “Panch” Panchanathan

IO expands corporate office to SkySong

IO, a leading data center services company, is unveiling its new corporate office space at SkySong, The ASU Scottsdale Innovation Center.

IO will move into nearly 15,000-square-feet of space with an open, collaborative environment for about 80 Arizona-based corporate employees. IO, the second-largest private data center company in the world, operates six state-of-the-art data centers in Arizona, Ohio, New Jersey, Singapore and London. IO utilizes the latest data center technology and is trusted by more than 650 global clients, including LexisNexis, CBS Interactive, Fender, AAA and Goldman Sachs.

“We’re gratified to have the opportunity to bring IO to SkySong,” said Sharon Harper, President & CEO of Plaza Companies, the master developer of the project. “IO’s inventive spirit will fit right in here as SkySong continues to expand its on-campus talent pool of innovation-minded people.”

SkySong, the ASU Scottsdale Innovation Center is home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy. The growing project recently completed the SkySong Apartments and is nearing the completion of SkySong 3, the third office building at the property.

“Our new SkySong office will allow for greater collaboration and engagement with our corporate team members,” said Craig LeBlanc, group leader of IO.People. “Since our founding in 2007, IO has had an entrepreneurial spirit and strong focus on innovation. SkySong is a great fit for our brand and we are excited to join the Valley’s center for innovation and technology.”

“SkySong exemplifies the spirit of innovation, which aligns perfectly with the vision of IO,” said Sethuraman “Panch” Panchanathan, Senior Vice President for Knowledge Enterprise Development at Arizona State University, which is responsible for advancing research, entrepreneurship, innovation and economic development. “ASU strives to cultivate technology leaders in partnership with companies like IO, and we are delighted to welcome IO into the SkySong family.”

Chandler Innovation Center

ASU professors named to Academy of Inventors

Arizona State University professors Stuart Lindsay and Michael Kozicki have been named Fellows of the National Academy of Inventors (NAI).

Election to the academy’s fellow status is a high professional distinction accorded to academic inventors who have demonstrated a prolific spirit of innovation in creating or facilitating outstanding inventions that have made an impact on the quality of life, economic development and the welfare of society.

Those named today bring the total number of NAI Fellows to 414, representing more than 150 research universities and governmental and non-profit research institutions.

“Doctors Kozicki and Lindsay exemplify the innovative and entrepreneurial spirit of faculty and researchers at ASU. They have made outstanding contributions to their fields, economic development and society,” said Sethuraman “Panch” Panchanathan, senior vice president for Knowledge Enterprise Development at ASU. “It is a great honor to have the NAI recognize their innovative and use-inspired work.”

Stuart Lindsay is a University Professor in physics and in chemistry and biochemistry at ASU and the director of the Center for Single Molecule Biophysics at ASU’s Biodesign Institute. His inventions in the field of atomic force microscopy led to the founding of Molecular Imaging Corporation, a pioneer in chemical applications of atomic force microscopy. It is now the Nanomeasurements Division of Agilent Technologies (Keysight).

Lindsay’s inventions in the field of molecular electronics laid the groundwork for a new single molecule sequencing technique, currently licensed to and under development by Roche. He has published more than 200 papers and written the first comprehensive textbook on nanoscience. He is a fellow of the American Association for the Advancement of Science, the Antennas and Propagation Society and the Institute of Physics.

Michael Kozicki is a professor of electrical engineering at ASU. He is best known for the invention of Conductive Bridging Random Access Memory (CBRAM®), an ultra-low energy data storage technology, but his more than 80 U.S. and international patents also include innovations ranging from a cleanroom wheelchair to bio-inspired optical devices.  His patents have been cited over 1,000 times and are ranked in the top tier by independent intellectual property organizations.

Kozicki is also a founder of Axon Technologies Corp. and Idendrix, Inc., and served as chief scientist of Adesto Technologies.  He is a visiting professor at the University of Edinburgh and is a Chartered Engineer in the UK/EU.  He has published extensively, developed entrepreneurship-infused undergraduate and graduate courses in solid state electronics, is a frequent invited speaker at international meetings, and has made several television appearances to promote public understanding of science.

The new NAI Fellows will be inducted on March 20, 2015, as part of the 4th Annual Conference of the National Academy of Inventors at the California Institute of Technology, Pasadena. Fellows will be presented with a special trophy, newly designed medal and rosette pin in honor of their outstanding accomplishments.

stem.cell

ASU revises royalty policy, more proceeds to researchers

Arizona State University researchers with inventions licensed to existing companies or to form new startups will be entitled to a larger share of the proceeds under a new university policy developed by the Intellectual Property and Institutional Review Committee and approved by President Michael Crow.

Under the previous policy, net licensing proceeds (after administrative and legal fees) were split equally between the inventor(s), their lab(s) and the university. Effective as of Nov. 1, the “lab share” will be reduced so that a greater percentage of royalties flow directly to inventors.

“For the modern American research university, technology transfer is a critically important pathway for disseminating the knowledge needed to solve major societal challenges and boost our state and regional economies,” said Crow. “For the past decade we have reshaped our efforts in this area to engage more of the faculty in this process, speed the journey from lab to market and reward inventors for their time and effort.”

Technology transfer at U.S. research institutions is governed by the 1980 Bayh-Dole Act, which set consistent ground rules for inventions arising from federal funding. Prior to Bayh-Dole, the rights to most university technologies reverted to the funding agencies, with the result being that the government had successfully licensed fewer than five percent of the technologies represented by the 28,000 patents it had accumulated.

Bayh-Dole sought to spur innovation and increase the number of research discoveries that were translated into treatments, products or services that benefit the general public. Under its provisions, universities own these inventions and are required to share royalties with the inventors, though they have broad flexibility in how they structure the payouts.

“The changes to ASU’s royalty-sharing policy are designed to incentivize innovation and were adopted after an intensive process involving faculty input and deliberation,” said Sethuraman “Panch” Panchanathan, ASU’s senior vice president for Knowledge Enterprise Development. “The new model recognizes and incentivizes the transformational research being done by ASU faculty across every department and campus.”

For the first $10,000 in net income for a licensed technology: The creator(s) receive half of net royalties, with the lab receiving one-sixth and the university one-third.

After the first $10,000 in net income: The creator share varies by the number of listed inventors on a sliding scale from 40 percent for a solo inventor up to 50 percent for five or more. The university share remains one-third and the lab share adjusts accordingly. The lab share is capped at $2 million on an annual basis.

The full policy on royalty sharing is available here.

Arizona Technology Enterprises (AzTE) is a separate limited liability company formed in 2003 that acts as ASU’s exclusive intellectual property management and technology transfer organization. Funded by ASU, AzTE comprises industry and university professionals with extensive experience in technology evaluation, product development, marketing, capital formation, IP protection and licensing and commercialization.

ASU, through the activities of AzTE, is annually one of the top-performing U.S. universities in terms of intellectual property inputs (inventions disclosed by ASU researchers) and outputs (licensing deals and start-ups) relative to the size of the university’s research enterprise.

The Association of University Technology Managers (AUTM) prepares an annual report collecting the technology commercialization results for almost 200 universities and research hospitals. In the past five years, among research institutions that achieved at least $300 million in annual research expenditures, ASU was one of just four schools to achieve top 10 rankings for licensing agreements, startups and invention disclosures per $10 million in research.

In FY14, ASU faculty working with AzTE set new record highs in invention disclosures (261), U.S. issued patents (56), startups (12), and licenses and options (90).
To date, more than 70 companies have been launched based on ASU discoveries. In just the last three years, these companies and their sub-licensees have attracted $163 million in funding from venture capital firms and other investors.

Manufacturing Companies

GPEC, ASU earn Department of Commerce Grant

The Greater Phoenix Economic Council (GPEC) and Arizona State University (ASU) this week were awarded a $170,000 grant from the U.S. Department of Commerce. The initiative, called the “Investing in Manufacturing Communities Partnership” (IMCP) seeks to accelerate manufacturing sectors and job creation in cities across the country.

The funds will be used to develop a plan to implement an Innovation and Commercialization Center for Advanced Manufacturing (ICCAM) in Greater Phoenix that advances the region’s manufacturing sector and improves its competitiveness for domestic and foreign investments, advances research commercialization and prepares workers for advanced manufacturing jobs. The ICCAM will focus on new growth opportunities, like advanced sensor and control technologies, and applications that leverage historic regional strengths like aerospace, semiconductor, electronics, precision and control technologies.

“This grant is crucial to the ICCAM’s success as we seek to support and grow high-tech manufacturing technologies and their respective supply chains by providing access to applied research, product development and design services, as well as access to global markets,” GPEC President and CEO Barry Broome said. “Creating a strategic plan to develop these technologies is important for retaining, upgrading and growing the region’s key industry clusters.”

“This award is further recognition of the significant opportunities for growth in the manufacturing sector in our region and our state” said Sethuraman “Panch” Panchanathan, Senior Vice President for ASU’s Office of Knowledge Enterprise Development. “ASU is committed to ensuring the continued expansion of manufacturing in Arizona and has implemented several programs and initiatives, with community partners and organizations such as GPEC, which will encourage startup and established manufacturing, ensure students become more involved in manufacturing and spur the overall growth of this sector as a driver of Arizona’s economy.”

Together, GPEC and ASU will assemble a project team to implement the project in two phases over a one-year period. Phase I will focus on finalizing the ICCAM’s technical parameters, refining its programs and services and developing performance metrics. Phase II will center on developing implementation strategies, identifying investment sources, building coalitions and finalizing a full implementation plan through the program’s launch.

Pending support from Congress, the ICCAM project will be eligible to compete for future large scale IMCP grants that are 50 to 100 times the size of the implementation strategy grants. This would allow the region to execute on its proposed strategy for advancing manufacturing in Phoenix and beyond.