Missouri Technology Corporation Overview for the Missouri Senate Job Creation 2020 Committee Jason R. Hall Executive Director [e-mail] November 18, 2009

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Missouri Technology CorporationOverview for
theMissouri SenateJob Creation 2020
CommitteeJason R. HallExecutive
Directorjason.hall_at_ded.mo.govNovember 18,
2009
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• Entrepreneurship in Missouri

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Strategies for Economic Development

• Business Recruitment
• Business Expansion
• Entrepreneurism/New Business Formation

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Entrepreneurial Success

• Entrepreneurship has been successful historically
  in growing Missouris economy
• Anheuser-Busch
• Cerner Corporation
• HR Block
• Leggett Platt
• Monsanto
• Seven of the ten largest companies headquartered
  in Missouri were established by individual
  entrepreneurs around the turn of the century

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• Current State of Missouri Entrepreneurship
• Missouri lags behind other states in leading
  indicators of entrepreneurship as measured by the
  Kauffmann Foundation
• 37th Overall
• 44th in Economic Dynamism
• 49th in Entrepreneurial Activity
• 50th in Business Launches per Month
• What does the future look like if we do not have
  new business ventures in our economic development
  pipeline?

Sources Parry, Mark E., Missouris Need for
Risk Capital An Assessment and Recommendations
Kauffman Foundation, The 2008 State New Economy
Index and Kauffman Index of Entrepreneurial
Activity 1996-2008
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• Opportunity for Technology-Based
• Entrepreneurship in Missouri
• Missouri is among the leading recipients of
  competitively funded federal research
• Consistently ranks 12th in NIH grants
• Recently ranked as high as 9th in federal RD
  grants
• Missouri is home to world-class research
  institutions
• Danforth Plant Science Center
• Midwest Research Institute
• Stowers Institute for Medical Research
• University of Missouri
• Washington University in St. Louis

Sources Parry, Mark E., Missouris Need for
Risk Capital An Assessment and Recommendations
Kauffman Foundation, The 2008 State New Economy
Index and Kauffman Index of Entrepreneurial
Activity 1996-2008
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Research is the Foundation for High-Tech
Entrepreneurship
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• Missouri
• Technology Corporation

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MTC Background

• Authorized by the Missouri General Assembly in
  1994
• Charged with leading the Missouris
  technology-based economic development efforts
• Independent 501(c)(3) corporation led by
  15-member board of directors

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MTC Leadership

• Board membership
• 11 members appointed by governor (9 private
  sector, 2 public sector)
• President of UM System or designee
• Director of Missouri Department of Economic
  Development or designee
• 1 member of the Missouri House of Representatives
• 1 member of the Missouri Senate
• Governor selects Chair annually
• Governor nominates and Board selects Executive
  Director

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Overview of MTC Programs

• Research Capacity
• Commercialization Programs
• Entrepreneurship Investment
• Capital Formation
• Innovation Centers
• Strategic Initiatives
• Scientific Infrastructure
• High-Technology Business Development
• Workforce Development

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• Research Capacity

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• Research Alliance of Missouri
• MTC serves as administrator for the Research
  Alliance of Missouri (RAM)
• RAM membership consists of the chief research
  officer of Missouris 14 public and private
  research universities
• Includes Danforth Plant Science Center, Stowers
  Institute for Medical Research, and Midwest
  Research Institute
• Community interest in adding Lincoln University
  to RAM

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• Life Sciences Research Trust Fund
• MTC serves as the administrator for the Life
  Sciences Research Board
• Created in 2003 (House Bill 688)
• 7-member Life Sciences Research Board appointed
  by the Governor (LSRB) and confirmed by the
  Senate
• The mission of the Board and the Trust Fund is to
  enhance research capacity in life sciences and to
  transform life sciences research into commercial
  opportunities

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• Life Sciences Research Trust Fund
• Eligible research areas include
• Animal science
• Plant science
• Medical device
• Biomaterials and composite research
• Diagnostics
• Nanotechnology related to drug development and
  delivery
• Clinical imaging
• Information technology related to human health

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• Commercialization Programs

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Commercialization Programs

• Entrepreneurship Investment
• IT Initiative
• Medical Device Innovation
• Missouri Source Link
• Missouri Technology Innovation Program (MOTIP)
• Intellectual Property Management Fund
• Capital Formation
• Ag-Biotech Recruitment Fund
• Angel Investor Network Program
• Collaboration and Interdisciplinary Program
• Missouri Venture Partners

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Innovation Centers

• 10 state-funded innovation centers
• MTC charged by statute to oversee the network
• Serve as a focal point for commercialization of
  university technology
• Innovation center companies include Equinosis,
  Stereotaxis, Yurtopia
• Springfield innovation center landed major
  federal research project to develop advanced
  communications equipment for special military
  forces

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Innovation Centers

• Original innovation centers located near
  Missouris research institutions
• Columbia
• Kansas City
• Rolla
• St. Louis
• Additional innovation centers established since
  1989
• Cape Girardeau
• Joplin
• Kirksville
• Springfield
• St. Joseph
• Warrensburg

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• Strategic Initiatives

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Strategic Relationships

• MTC facilitates partnerships to further
  Missouris technology-based economic development
  goals
• University
• Research Institutions
• Capital Investors
• Industry

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Strategic Initiatives

• Scientific Infrastructure
• Animal Health Research Center (Western Missouri)
• Missouri Plant Science Center in Mexico, Missouri
• Technology Park at Fort Leonard Wood
• High-Technology Business Development
• High-Technology Marketing and Promotion
• Missouri-Israel Initiative
• Workforce Development
• Ag-Biotech Outreach Program
• Animal Health Workforce Initiative (St. Joseph)
• Missouri Center for Advanced Power Research
  (Joplin)

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• Discussion