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ASU forms non-profit organization
dedicated solely to support research
July 18, 2005 -- Arkansas State University in Jonesboro has formed a non-profit
organization with its own governing board established solely to promote
research and scholarly activities of ASU faculty and staff.
Early last week, the board of directors was approved and met for the
first time, establishing the bylaws. “We’re still working on our actual
name and developing a logo,” said Dr. Elizabeth Hood, associate vice
chancellor for Research and Technology Transfer at ASU.
The board of directors include: Dr. Barry Marrs of AthenaBio in Newark,
Del.; former U.S. Secretary of Transportation Rodney Slater of the
Patten Boggs Law Firm in Washington, D.C.; Julie Ellis of the Butler
Snow Law Firm in Memphis, Tenn.; Nancy Chrisman of the Jonesboro Central
Planning Commission; Dr. Connie Meeks of Blue Cross/Blue Shield in
Jonesboro; Dr. Glenn Bowers of Syngenta, in Bay; and John Freeman of
Liberty Bank in Jonesboro. ASU President Dr. Leslie Wyatt and Dr. Susan
Allen, vice chancellor for Research and Academic Affairs, serve as
“This group was formed to support research and innovation and to move
those innovations into the community in northeast Arkansas. We will
support and encourage knowledge-based technology for our faculty members
across all disciplines. Then through business development, we’ll be
taking that research or technology to industry in the area as well as
creating new businesses,” said Dr. Hood.
In addition, the organization will solicit and manage non-government
grants and contracts for research and support the processing of
intellectual property and licensing of patents.
The new ASU Arkansas Biosciences Institute (ABI) will be a major
component, she said, although this non-profit organization will support
research among all of ASU’s 11 colleges.
According to Dr. Hood, establishing separate research organizations or
non-profits is common among universities in the country.
ASU President Dr. Les Wyatt has encouraged the formation of this
research support function, stating: “this will give assistance to
faculty members who wish to commercialize their intellectual property
and to add an additional revenue stream to the university’s income.”
She said, “having a separate non-profit organization with its own
governing board of directors allows for more flexibility in structuring
agreements with businesses. We are excited about this new opportunity to
assist ASU by increasing its research presence in the state.”