Utah Science, Technology and Research (USTAR)

Transcription

1 Utah Science, Technology and Research (USTAR) Turning Innovation into Industry November 13, 2008 Ted McAleer, Executive Director, USTAR Governing Authority (801) , April 17, 2008 Turning Innovation into Industry 1

2 Utah Science Technology and Research (USTAR) A bold and far-reaching initiative supported by Utah industry and business leaders, sponsored by the Governor and the State legislature, that aims to ensure that Utah remains a leader in the Knowledge Economy! Turning Innovation into Industry 2

3 The Goal State investment of $673MM over 30 years $3.1 billion new external research funds 242 new companies 73K new jobs paying $5.5 billion in wages annually $2.9 billion in new tax revenues for Utah Based on Model developed by Bureau of Economic and Business Resources (Oct05 Economic Prospectus) Turning Innovation into Industry 3

4 USTAR Program Elements $19 Million ongoing appropriated to USTAR Governing Authority; $160 Million over four years to build world-class interdisciplinary research and innovation centers USTAR Research Team Funding USTAR Building Construction Tech Outreach Program Attract and retain world class faculty at Utah s tier 1 research universities Focus on strongest innovation focus areas associated with each university and relevant to Utah economy Bio Innovations Institute at Utah State University Neuroscience and Biomedical Technology Research at the University of Utah Entrepreneurial assistance Research interaction with Utah companies Research collaboration between higher ed. Faculty Interns to assist business analysts and program directors Turning Innovation into Industry 4

5 Program 1: Research Team Funding World-class research teams are being recruited to Utah and developed internally within strategic innovation focus areas. The strategic innovation focus areas are: Based on existing University strengths Have vast commercialization opportunities Address large and/or strategic global markets Leverage Utah industry strengths April 17, 2008 Turning Innovation into Industry 5

6 Program 3: Technology Outreach and Innovation Program (TOIP) The Technology Outreach and Innovation Program serves as a resource to: Collaborate with Universities to commercialize innovations Assist Utah entrepreneurs, businesses and innovators through technology outreach centers at regional higher education institutions Maximize economic impact of new technologies created in Utah Turning Innovation into Industry 6

7 USTAR Tech Outreach Energy Team Alan Walker Education: BS, WestPoint; MBA, Management, RPI Work Experience: General Electric Co. ;Amoco Production Co.;Mountain Fuel Supply Co.; Questar Pipeline Co / Energy Co./ Gas Co. Welcome to Dr Kevin Shurtleff Education: MBA, Marriott School of Management and Ph.D in physical chemistry, BYU Work Experience: Founder/Pres of Mountain West Energy, Trulite Technology, and Synexus Energy Senior scientist for MOXTEK Inc. Congratulations, County Commissioner Mark Raymond! Turning Innovation into Industry 7

8 USTAR TOIP Services Consultative engagements with tech-based Utah companies and entrepreneurs Strategic planning Operations management Human capital and change management Financial capital Technology deployment Marketing and communications Intellectual property development For example: Market opportunity analysis Business plans Financial investor presentations Product development and launch strategies Turning Innovation into Industry 8

9 USTAR Fossil Energy Innovation Area at the University of Utah University of Utah Strengths Energy and Geoscience Institute (EGI): $250Million collaborative research with industry over last 30 years (Utah s hidden gem) Institute for Clean and Secure Energy: Coal Development ( clean coal ), Heavy oil, Environmental Concerns and Combustion and Simulation Turning Innovation into Industry 9

10 USTAR Fossil Energy Innovation Area University of Utah Commercial Opportunities 1. Unlock over 2.0 trillion barrels trapped in oil-shale deposits in the Green River formation of Utah, Colorado, and Wyoming 2. Recover stranded oil by development of Utah technology services and infrastructure for CO 2 enhanced oil recovery 3. Develop improved catalysts to convert recovered hydrocarbons (shale oil, coal, low spec coals) to advanced synthetic fuels and chemicals Potential Economic Impact: A 100,000 barrel per day oilshale facility $50 million per year* 740 million barrels of additional oil recovery by CO2 EOR $1 Billion* in state severance taxes * Assumes $50 per barrel Turning Innovation into Industry 10

11 USTAR Potential Economic Impacts on Utah Energy Industry Existing fields & new fields (advanced reservoir characterization) Unconventional production (Coal-bed, tight reservoirs, shale gas) CO2 Sequestration and CO2 Enhanced Oil Recovery Gas-to-Liquids (GTL) and Coal Gasification Oil Sands and Oil Shale (Next 5 to 30+ years) years Turning Innovation into Industry 11

12 Utah Energy Collaboration Potential STATE OF UTAH (USTAR, other) UNIVERSITIES IN UTAH Attracting Federal & Private Dollars PRIVATE INDUSTRY Strong Infrastructure For Energy Innovation Successful Technology Commercialization Utah positions itself as a global center for energy innovation attracting Foreign Direct Investment (FDI) Joint Technology Development Initiatives Revenue, Taxes & Community Growth Turning Innovation into Industry 12

13 USTAR near-term impact Project 1 Reservoir Characterization w/egi Project 2 Project 3 Algae-based Biofuels CO2 Sequestration w/prof McPherson and DOE s Southwest Partnership Project 4 Oil Shale Projects Project 5 Other, TBD years Turning Innovation into Industry 13

14 University of Utah Commercialization Metrics 1 st in USA in efficiency in starting companies (beating Stanford, MIT, Harvard, etc) 2 nd in USA for # of companies started (behind only MIT) 9 th in USA in Revenue/research dollar 2 nd in USA in Inventions generated /research dollar Turning Innovation into Industry 14

15 USTAR faculty Dr Brian McPherson USTAR Professor - University of Utah Department of Civil and Environmental Engineering and Energy & Geoscience Institute (EGI) Head of Carbon Engineering Group Director of DOE Southwest Partnership (Phase 1 & 2 = $24 Million) (Phase 3 = $88 Million) USTAR Professor - University of Utah Professional Research Interests and Expertise: Geomechanics related to exploration, drilling, completion, stimulation and production ; regional and basin experience Worldwide Education: B.A.Sc. in Geological Engineering, M.A.Sc. in Civil Engineering (Soil Mechanics), Ph.D. in Civil Engineering (Rock Mechanics), University of Toronto Turning Innovation into Industry 15

16 Proposed: Rocky Mtn Center of Innovation for Energy Security An apex body that focuses on developing strategic energy technologies Channelize dollars into research and development projects in partnership with academia and private partners Focus on those projects where government involvement is imperative Create an energy ecosystem to facilitate strategic innovation and technology commercialization Turning Innovation into Industry 16

17 What Might a Center Look Like? Turning Innovation into Industry 17

18 Where Might Such a Center be Located? Turning Innovation into Industry 18

19 USU Uintah Basin Vernal Campus Bingham Entrepreneurship & Energy Research Center Turning Innovation into Industry 19

20 Q & A Session Thank You! Ted McAleer (801) Executive Director, USTAR Governing Authority tmcaleer@utah.gov Turning Innovation into Industry 20