08-25-08 Council Meeting Agenda & Packet

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ventures requiring wet or dry lab facilities will be accommodated in other facilities retrofitted to their particular needs on a short-term basis, either through portable wet lab stations or leased facilities in under - utilized laboratory facilities in the Michiana area. Following the initial facility opening, all contracted offsite tenants will be moved to the new building, with new tenants and clients filling the remaining space. This first phase will provide administrative offices, common meeting and refreshment areas, and up to 6,000 sq ft of "greenhouse" space on the ground floor for conceptual development of innovative entrepreneurial start-ups resulting from collaborative imagineering by faculty, students and others within the Irish Angels network, the ND alumni support organizations and interested third -party organizations, e.g., IDEO. The upper floors will provide office space and workshops for "anchor" tenants (defined as world -class commercial enterprises with an established research relationship with Notre Dame and its faculty), separately funded seed and later -stage start-ups requiring office and laboratory facilities (e.g., wet or dry lab), and other separately - funded organizations supporting entrepreneurial activities, e.g., Fish Taco Ventures, venture capital firms, specialty procurement service providers and similar. Key measures of early successful progress will include, for example: • the increase in invention disclosures transformed into active ventures. • the number of multi - disciplinary or technology platform collaboration projects directly involving IP @ND underway or completed. • the quantity and profile of third party risk capital invested in new ventures involved with IP @ND. • the number of IP @ND internships and projects completed or underway with undergraduates and graduate students. Page 19 of 23