Transcript President’s Update – Board of Overseers

Path from Biomarker Discovery to
Commercialization Workshop
Dr. James R. Ramsey
President, University of Louisville
November 10, 2010
Thank you…
For the invitation…
For your work!
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We know that nationally times
have been unprecedented
Peak
Dec-07 (IV)
Mar-01 (I)
Jul-90 (III)
Jul-81 (III)
Jan-80 (I)
Nov-73 (IV)
Dec-69 ((IV)
Apr-60 (II)
Aug-57 (III)
Jul-53 (II)
Nov-48 (IV)
Decline in real GDP
-3.70%
0.40%
-1.40%
-2.90%
-2.20%
-3.20%
-0.20%
-1.10%
-3.70%
-2.60%
-1.70%
* Lowest level during the current recession. The next two quarters (2009: III and IV) have been positive.
Sources: NBER, BEA, and BLS.
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0
Dec-10
Nov-10
200
Oct-10
Sep-10
Aug-10
Jul-10
-200
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
Apr-08
Mar-08
Feb-08
Jan-08
Dec-07
National Non-Farm Employment
(in thousands)
600
400
151
-
-54
-95
-131
-400
-600
-800
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National Economic Thoughts
• The economy has lost momentum – but should avoid a
“double dip”
– Accelerated growth first half of the year. Slow growth
last half of year
– Consumer is saving – long term a good thing
– Business also cautious - cost containment – not adding
workers
• Slow recovery
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Kentucky’s Budget Outlook
I always start with employment in the state:
People working = income
- state income taxes
- sales tax
Sales/Income => 70% of state’s general fund
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Kentucky has not been immune
to those impacts
Nonfarm employment in thousands
1890.0
Dec '07
1872.4
1870.0
1850.0
Oct '00
1833.6
1830.0
1810.0
1790.0
Sep '10
1772.0
1770.0
Jan '99
1769.4
Jul '03
1777.6
1750.0
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Kentucky Economy:
Manufacturing – Our Bread and Butter
(in thousands)
320.0
300.0
308.3
280.0
260.0
240.0
220.0
Sep '10
214.0
200.0
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Where will jobs of tomorrow come from?
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Healthcare/life sciences
Logistics/distribution
Advanced manufacturing
Energy research
Business services
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U of L to be Premier Nationally Recognized
Metropolitan Research University
Our Mandates
1996
Boyle Report
1997
Post Secondary Education
Improvement Act
1998 – 2008
“Challenge for Excellence”
“We met Challenge”
2020 Plan
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Being #1 in Kentucky
Is not good enough….
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Solid Results
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We have more to do, and
we can not count on the
sate to help us!
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Rebate/expand Siemens
e.g. Shelby Campus
Discussion continues
Lots of promise
Record year again, but…
Kentucky Trailer’s next
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Barker Report Recommendations
2008
1.
2.
3.
4.
5.
Develop and communicate a clear strategic institutional vision for the startup option of commercializing technology
Evaluate the organizational structure and ensure the resulting infrastructure
supports the articulated university strategic goals
Actively market existing policies, procedures and resources that support and
promote university start-up activity. Identify and develop new policies,
procedures, and resources to encourage faculty to engage in entrepreneurial
activity.
Improve the perception of the start-up commercialization process in OTT.
Review Metacyte’s role and services.
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To Move Us Forward In A Serious Way
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Session in December, 2009
Created ad hoc committee – Winter 2010
Recommendations – Spring 2012
Search - underway
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Thank you –
Questions?
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