WRF GIFTS & PAYMENTS
Disbursements from WRF Licensing
Cumulative license and royalty payments to client institutions: $336,706,000.
(as of June 2011)
WRF GIFTS
WRF gifts have supported the creation of over 100 endowments for chairs, professorships, research fellowships and graduate stipends in science, medicine and engineering. Educational programs created and supported by WRF include the Center for Technology Entrepreneurship (UW Business School) and the Program for Technology Commercialization (UW Bioengineering). WRF was a founding supporter of technology "gap" funding programs at the University of Washington, the Fred Hutchinson Cancer Research Center, and Washington State University. The gifts to Washington state research institutions are targeted to projects with commercial potential.
EXAMPLES AND SUCCESS STORIES
- WRF's gift of $500,000 to UW Genome Sciences for the purchase of equipment is helping Dr. Robert Waterston and his faculty decode the genetic contributors to heart, lung and blood disorders.
- A $500,000 gift to the Institute for Systems Biology (ISB) assisted with its much-needed move to larger premises in April 2011.
- A gift of $34,000 to the University of Washington’s Computer Science and Engineering department assisted MacArthur Fellow Dr. Shwetak Patel’s research and testing of the energy sensing and monitoring technology that would provide the foundation for his startup Zensi, Inc. Electronics giant Belkin International, Inc. acquired Zensi in 2010.
- A $30,000 gift to UW Computer Science Department's Oren Etzioni to develop the core technology that became the basis of the venture-backed company Farecast, in which WRF was an investor. Farecast was acquired by Microsoft in April 2008.
- WRF's $28,000 gift supporting Dr. Les Atlas' pilot research into "A Method of Hearing Enhancement" allowed Dr. Atlas to enter into interdisciplinary collaborations with UW Hearing & Speech and UW Otolaryngology. Dr. Atlas was able to leverage this pilot research to gain $500,000 in additional funding from the public and private sectors.
- A $20,000 gift to UW Department of Urology's Dr. Robert Sweet to convert his Virtual Reality Resection Trainer software to a PC platform. The software was subsequently licensed to a surgical training company by the Digital Ventures team of the UW Office of Technology Transfer (now C4C).
- $10,000 from WRF assisted Presidential Award winner Dr. Richard Ladner’s “Tactile Graphics Project” in the UW’s Computer Science and Engineering department. This program aids the translation of graphs and images into Braille.
DISBURSEMENTS BY YEAR