OHSU turns innovations into commercial opportunities at record pace

October 22, 2007

PORTLAND, Ore. - By most measures of an academic medical center's success in fostering innovation and entrepreneurship, fiscal year 2007 was a banner year for Oregon Health & Science University."We are starting to see the payoff from the research facilities made possible by the taxpayers and private donors through the Oregon Opportunity and from the growing aggregation of world-class researchers who have been attracted to OHSU in recent years because of the critical mass they see developing here," said Dan Dorsa, Ph.D., OHSU vice president for research. "The breakthroughs reflected in these numbers have added to OHSU's intellectual capital, which is the foundation for commercial licensing opportunities and biomedical startup companies and, ultimately, the development of new medical therapies, pharmaceuticals and devices."

J. Timothy Stout, M.D., Ph.D., M.B.A., OHSU vice president for commercialization strategies, added: "The achievements in the last fiscal year make it clear that OHSU is well poised to take its commercialization activities to the next level by increasing targeted research collaborations with industry and potential investors."

The five FY 2007 OHSU startups are:
-end-
The FY 2007 data was compiled by the OHSU Office of Technology & Research Collaborations (TRC) headed by Arundeep Pradhan. TRC supports the university's research community by collaborating with industry to facilitate research, licensing promising discoveries to industry, and participating in the creation of new companies based on OHSU research. TRC's annual celebration of innovation and entrepreneurship begins Oct. 30. The event series includes the OHSU Innovation Showcase, which will highlight cutting edge research and successful startups as part of seven days of informative innovation and entrepreneurship events. [ For more information about TRC and the innovation and entrepreneurship events, go to http://www.ohsu.edu/tech-transfer/ ]About OHSU:

Oregon Health & Science University is the state's only health and research university, and its only academic health center. It is Portland's largest employer and the fourth largest in Oregon (excluding government), with more than 12,000 employees. It serves more than 184,000 patients, and is a conduit for learning for more than 3,900 students and trainees. OHSU also is the source of more than 200 community outreach programs that bring health and education services to each county in the state. As a leader in research, OHSU earned $307 million in research funding in fiscal year 2007. OHSU serves as a catalyst for the region's bioscience industry and is an incubator of discovery, averaging one new breakthrough or innovation every 2.7 days, with more than 4,100 research projects currently under way. [ For more information about OHSU, go to http://www.ohsu.edu/index.shtml ]

Oregon Health & Science University

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