New program aims to step up entrepreneurship at UCLA
When it comes to launching startup companies to help campus researchers bring their inventions to the marketplace, UCLA is one of the nation’s leading schools, with more than 100 startups currently open for business and roughly 20 new ones being established every year. Yet for university-based inventors, stepping from the world of academia into the realm of entrepreneurial ventures can feel like wading into unfamiliar waters.
Thomas Lipkin, assistant director of entrepreneurship and new ventures in OIP-ISR, said of the four entrepreneurs-in-residence, "They will be here on campus to be a resource to the larger UCLA entrepreneurial ecosystem." In addition to offering their expertise, they will identify projects that possess market potential and explore possible patenting and licensing opportunities, he said. "They have an ability to see how a given technology might be launched into the marketplace."
This program supports OIP-ISR’s invigorated focus on providing entrepreneurial resources to researchers, Lipkin said, adding that UCLA faculty members have expressed a need for more interaction with commercial thinkers.
"There’s a huge learning curve when it comes to understanding the business of transferring technology from a research lab to a faculty start-up, and I could’ve certainly used guidance from people with experience," said organic chemistry professor Michael Jung, one of the inventors of Xtandi, a prostate cancer drug that was made available on the public market last fall. "Having entrepreneurs on campus for assistance in this process will be an extremely valuable asset to the university."
The charter class of entrepreneurs-in-residence includes Debra Gessner, former vice president, regulatory affairs and quality assurance atTocagen Inc.; John Gillespie, angel investor and former executive vice president and chief financial officer of The Mentor Network; UCLA alumna Sandra Itkoff, former vice president of strategy for the Americas at BYD America; and Kevin Stark, former executive director for research and development at Amgen.
"My undergraduate years studying economics at UCLA really shaped not only how I looked at business but how I looked at the world," said Itkoff, who graduated in 1984 and has more than 25 years of experience in high-growth entrepreneurial areas. "I am thrilled to be back and working with the faculty, staff and students at UCLA to assist with the commercialization of the great work being done here."
The entrepreneurs-in-residence will be introduced to the campus community on April 11, starting at 4 p.m., during a panel discussion and reception at the California Nanosystems Institute Auditorium. This event is free and open to the UCLA community. Later this spring, Itkoff and Gillespie plan to host a bi-weekly seminar series that will explore the startup process, from company inception to exit.
Each entrepreneur will work at least one day per week, either on campus or remotely, and will hold office hours to advise faculty, post-docs and students on startups and matters related to commercializing research and technologies. All of the entrepreneurs are sharing their expertise free of charge — no salary, benefits or honoraria —because they want to give back to the campus and help move innovation forward, said Lipkin.
Members of the UCLA community who would like to meet with Gessner, Gillespie, Itkoff or Stark may book appointments by emailing Lipkin.
"The newly minted EIR program is part of the support system that UCLA has wisely chosen to put in place," said Gil Travish, a researcher in UCLA's Particle Beam Physics Laboratory who launched Radius Diagnostic Research in 2009 with the help and guidance of OIP-ISR. Housed locally in UCLA's CNSI Incubator, and in the UK at the European Space Agency Incubator near Oxford University, the company, which aims to create a flat panel x-ray source for medical imaging, has already licensed two UCLA-held patents. Travish noted that in addition to the EIR program, UCLA currently has a number of other valuable efforts underway that enable members of the UCLA community to participate in technology transfer and start-up opportunities; efforts that encourage and foster a culture shift on campus and position the local region to reap the rewards. Among them are the CNSI Incubator, the UCLA Business of Science Center, the UCLA Engineering Institute for Technology Advancement and Startup UCLA, he said. "I believe that programs - and more importantly people such as these EIRs - will help make UCLA a beacon for entrepreneurs and start-ups in the greater Los Angeles area."