Executive Summary / Highlights
Fiscal year 2016 was another successful year for the Office of Research, Innovation and Economic Development (ORIED) with a record-breaking number of proposals submitted, awards received and licenses and options executed. FY2016 closed with $349M in sponsored program awards, a record high, and a 13% increase over the previous year. As of July 1, 2016, over 2,600 sponsored projects were active, many spanning multi-years, representing over $1B in total funding. Thirty-four of the proposal submissions were large-scale projects, assisted by Proposal Development Unit (PDU), requesting $425M in research funds, an increase of 190% over FY2015 requests. Also, for the third year in a row, faculty research proposals totaled over $1B dollars.
Faculty and researchers continued to submit high volumes of invention disclosures and the Office of Technology Transfer (OTT) executed a record 160 licenses and options with corporate partners. OTT increased its effort to match technologies with companies by utilizing the technology-marketing web portal, Nouvant. OTT created 95 marketing profiles for new NC State technologies that can be viewed through Nouvant and had over 6,700 visitors access the portal. OTT also continued to improve service to faculty by reducing the invention assessment time to 62 days – a reduction of 96 days since 2011.
ORIED continued to develop strategic partnerships through the office of Partnerships and Economic Development (PED) with support from Sponsored Programs and Regulatory Compliance Services (SPARCS). These offices facilitated the signing of 6 new master research agreements (MRAs) with Avintiv, BASF, Glen Raven, LexisNexis, Lubrizol, and Positive Energies for a total of 10 managed MRAs. These 10 managed MRAs have resulted in 26 patents. PED’s Industry Alliances manages 22 research partnerships, representing $8.4MM in new sponsored research activity in FY 2016. In addition SPARCS established significant contractual relationships with Caterpillar, Novozymes, and Battelle Energy Alliance. PED’s Centennial Campus welcomed 10 new partners including Alkemere, Allasso Industries, Cloudbees, Eva Garland Consulting, IBM, i2m, Liaison Technologies, Locus Biosciences, Merck, and MS Consultants bringing the total number of Centennial Campus Partners to 72, employing more than 3,200 people. PED also worked 50 distinct new and expanding economic development projects in areas throughout North Carolina and continues to be a valuable asset to the state of North Carolina.