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[6]

Part of Minutes of the University of Kentucky Board of Trustees

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-4- UK now has a Phi Kappa Phi charter to start a chapter. It is the nation's oldest, largest, and most selective all-discipline honor society. President Todd thanked Dr. Doug Scutchfield for spearheading this effort. UK signed an agreement with Bluegrass Community and Technical College (BCTC) to streamline the transfer process. The number of students transferring to UK was short about two years ago; however, the numbers were up 100 this year over last year. The agreement, now called the BCTCblue+ program, allows Bluegrass Community and Technical College students to take classes at a reduced tuition rate at UK. The students jointly register, and this should get the transfer numbers up. UK Alumna Beverly Perdue is now the Governor of North Carolina. Vice President for Commercialization and Economic Development Len Heller worked hard to obtain about $6.5 million from the State Economic Development Cabinet so UK can put redundant power into the Coldstream Research Campus. This is a critically important infrastructure improvement that will make the Coldstream Research Campus very competitive once it is done. Allylix, Inc. is one of UK's companies that makes high value fragrances and flavors using biotech development. The company licensed the technology developed in the College of Agriculture to a leading clean technology company that plans to develop and commercialize terpene fuels and fuel additives. This is a company that Lexington's Bluegrass Angels invested in with a major deal. UK will receive royalties from the first deal. Judy "J.J." Jackson, vice president for institutional diversity, is now chair of the new Mayor's Commission on Mortgage Lending Practices, which is vital to segments of the population in Lexington. Mersive Technologies, Inc. is another start-up company that just received $5 million in venture capital. Last year, there was $65 million invested, and $34 million of that amount was outside venture money. There was zero of that money in Lexington in 2003. Mersive Technologies, Inc. came out of UK's visualization group. It was one of the companies developing technology in UK's computer science engineering department. A lot of researchers will be moving into the new Digital Village building that was announced yesterday. Davis Marksbury, James Hardymon, and Jim McDonald helped with this funding. The Kentucky Kernel won the 2007-08 Pacemaker award, a prize commonly referred to as the "Pulitzer Prize for college newspapers. A series of articles got them into the competition and allowed them to win. They have won this award several times. President Todd concluded his report in PR 1 by reporting that UK's Landscape Architecture Department is now officially 15th in the nation. He reiterated a comment that he says often, "We will get to Top 20 one department at a time."