08-25-08 Council Meeting Agenda & Packet

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and the Indiana University School of Medicine faculties to create and operate technology platforms in cancer detection and therapy, with an active effort to identify, develop and introduce spin -off commercial applications of these platforms in Michiana, ideally in cooperation with medical industry leaders. The IP @ND's Community Development Component IP @ND will have a definite impact on the Notre Dame campus culture and its Catholic tradition by providing consistent reinforcement of the potential value of implementing research and teaching into practical use to serve mankind. It will also clearly impact the economic climate in Michiana and the State of Indiana, through the essential reliance on existing and new commercial partners to provide mission critical services to IP @ND tenants /clients. These services will include professional service providers, such as legal and accounting, but also will extend to other companies offering rapid prototyping and/or manufacturing of critical components, information technology, biotech materials and other vital business services and products. In addition, IP @ND will look to the Michiana region as a potential "landing area" (e.g., the Sample St. corridor in downtown South Bend) to transplant its start-up clients at the appropriate stage of development. The IP @ND's Sustaining Component The IP @ND will initially rely on grants and private gifts to operate its facilities and support its programs. Within a 5 -7 year period, however, the Park must be financially self - sustaining from a variety of sources. Net cash revenues from rents from all tenants of the IP @ND will be used for current operations. The IP @ND will also seek compensation from its tenants commensurate with the resources /services provided, or an ownership equity position in the downstream prospects of its start-up clients inspired and supported through its "greenhouse" Page 6 of 23