What is the Kansas Bioscience Authority

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What is the Kansas Bioscience Authority?

• The purpose of the KBA is to stimulate economic
  growth in Kansas by
• Investing financially in bioscience business and
  research
• Attracting other private investment and
  government grants
• Providing business expertise and consultation
• Bringing the right partners and resources
  together so research outcomes get to market
• The results
• Job creation and wage growth
• Increased tax revenues
• Scientific advancements that improve quality of
  life

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And just what is bioscience?

• Biosciences use biochemistry, molecular biology,
  genetics, biotechnology, bioengineering, and life
  sciences to improve
• Health care
• Veterinary medicine
• Agriculture
• Forestry
• Energy
• Pharmacy
• Environment
• This is big, big business
• and important, cutting-edge work!

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How the KBA Works

• Partner with academics, scientists,
  entrepreneurs, venture capitalists, marketers,
  and government officials
• Invest an estimated 580 million over 15 years
  through programs that are flexible and
  responsive, while staffing with people who have
  real-world business experience and savvy
• Focus on three major buckets of investment
• Research and development
• Commercialization
• Expansion and attraction

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Emphasize KansasAreas of Excellence

• Human health
• Plant and animal science
• Advanced bioscience materials
• Bioterrorism defense and food security
• Pharmaceuticals and drug discovery
• Information and computer technology

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The KBAs Investment Tools

• Kansas Bioscience Eminent Scholars
• Kansas Bioscience Rising Stars
• Kansas Bioscience Federal Matching
• Heartland BioVentures
• Kansas Bioscience RD Vouchers
• Kansas Bioscience Attraction and Retention
• Bioscience Tax Investment Incentives
• Bioscience Centers of Innovation

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Eminent Scholars

• Enhance national eminence in outstanding research
  programs
• Recruit distinguished bioscience researchers to
  conduct their research and commercialization
  activities at Kansas research institutions
• Enhance competitiveness of already outstanding
  research programs
• Research and commercialization activities-direct
  contributions to Kansas capabilities for
  research and innovation

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Rising Stars

• Retain and advance Kansas bioscience scholars
• Recognize scholars growing in their national
  reputations in their field
• Gain national visibility
• Direct contributions to Kansas capabilities for
  research and innovation

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Federal Matching Fund

• Build university research excellence
• Match federal grants proposal from a center of
  innovation
• One-time award up to 50 percent to a max of 2
  million
• Kansas-based bioscience company
• 50 percent of a SBIR Phase I, max 50,000
• 50 percent of a Phase II, max of 375,000
• Increase federal peer-reviewed research dollars
  and industrial investment
• Create academic centers of excellence-federal
  opportunities
• Increase research in companies

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Heartland BioVentures

• Business assistance develop products, raise
  capital, go to market
• Services offered
• Management counsel and recruitment
• Clinical collaborations
• Business development
• Access to capital and other pre-venture funding
• Bringing key players together
• Bioscience innovators
• University technology transfer directors
• Bioscience risk capital investors

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RD Vouchers

• Funding to Kansas bioscience companies in
  partnership with a university or company
• Early-stage financing and commercialization
  support for high potential/high risk innovations
• Grants up to 1 million per year for two years

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Retention and Expansion

• Create, retain, expand
• High quality jobs
• Bioscience researchers
• Commercialization initiatives

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Bioscience Tax Investment Incentive

• Direct payments 50 percent of Kansas net
  operating loss, up to 1 million annually
• KBA and Department of Revenue approval
• Encourage expansion of existing and attraction of
  new
• Keep focus on start ups not for those already
  profitable or with hundreds of employees, etc.

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Bioscience Centers of Innovation

• Build strong world-class bioscience research
  centers by bringing together the best of industry
  and the best of university research
• Focus on Kansass areas of strength

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Investment Process
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What Were Looking for

• Emphasis on matching funds (private equity,
  federal funding, etc.)
• Applying research to commercial opportunities
• Contributions to our economy Grow jobs in
  Kansas, give our young talent opportunities to
  stay
• Increase value of intellectual property owned
• Technical merit
• Sound business plans

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The Process

• Application
• Application assessment
• Scientific and financial due diligence
• Initial project approval
• Executive committee/full board approval
• Investment documentation
• Monitoring and reporting

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Bringing Success to Life

• Example 1 Taking the research to the next level
  clinical trails
• Example 2 Attracting a company to the state
  because of our strength in agriculture and
  biofuels
• Example 3 Investing in a company the company
  raises additional capital and will take the
  product to market in September

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We want to work with you! Look for potential
bioscience opportunities in your community, and
call the KBA so we can discuss how we might work
together to advance Kansas leadership in this
industry.