. 3 .
The university had also reserved $1 million for renovation ofthe fonner Department of
Energy office building; therefore, another building will be built at the Spindletop Research
site strictly for energy research.
UK Distributes Royalties from Outrider’s Collaboration with 3M
UK chemistry professor John Anthony and Outrider CEO John Beran were asked to stand
and be recognized. Mr. Beran has licenses with global technology giant 3M and other
companies. Professor Anthony, considered a pioneer in plastic materials, also collaborates
with 3M and other companies. Mr. Beran and Professor Anthony have developed some
technology that has resulted in an arrangement with 3M. The university is receiving
$847,000 in royalties from a license agreement for compounds developed by Professor
Anthony. This is an example ofthe university creating businesses for the country out of
intellectual property at the university. Professor Anthony and Mr. Beran presented a check in
the amount of $847,000 to President Todd. Mr. Beran and Professor Anthony received a
round of applause.
UK Researcher Contributes to Developing a Q Quick Test to Assess Alzheimer’s Patients
A UK researcher has helped to develop a quick Alzheimer’s test to evaluate the treatment
response of patients with Alzheimer’s disease. It is a three-minute assessment for patients
with severe Alzheimer’s disease. The Sanders-Brown Center continues to be a national
leader in that arena.
President Todd remembered Dr. William Markesbury, who recently passed away, and talked
about his Memorial Service. He said that Dr. Markesbury was truly a gentleman. The
Memorial Service was more about the human being than the scientist that he was, but the
contributions and the position that he has allowed UK to have in Alzheimer’s research is
phenomenal.
UK Companies Attract 52 Percent of $47.5 Million in Venture Funding
Entrepreneurial companies in the Lexington area attracted $47.5 million in venture funding
in 2009, including angel and venture capital investments. This is venture capital and federal
money from federal govemment grants, and it is private money from individuals. The $47.5
million was invested in 88 early stage companies, 39 of which have intellectual property
from UK. The UK affiliated companies received 52 percent ofthe venture funding. Since
UK started doing this in 2003, 800 jobs have been created in those 88 companies with the
average salary being $78,500.
Officials Supporters ‘Top-out’ Marksbuy Digital Village Building
UK officials and supporters celebrated the placing of the final steel I-beam in the structural
skeleton of the $18.6 million David Marksbury Building. This building will be built with
state match money from the "Bucks for Brains” program and with donations from James
Hardymon, Davis Marksbury and his wife Beverly, and Jim McDonald. UK can still make
progress even when there are tough times financially in the state.