{"@context":"http://iiif.io/api/presentation/3/context.json","id":"https://arizona.aviaryplatform.com/iiif/pc2t43k34f/manifest","type":"Manifest","label":{"en":["Arizona Technology Development Company"]},"logo":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/038/original/university-libraries-logo-2x.png?1711560609","metadata":[{"label":{"en":["Publisher"]},"value":{"en":["University of Arizona Libraries"]}},{"label":{"en":["Rights Statement"]},"value":{"en":["Copyright held by University of Arizona Libraries"]}},{"label":{"en":["Source"]},"value":{"en":["Arizona Alumni Forum videocassettes, MS 646, box 2, tape 7"]}},{"label":{"en":["Agent"]},"value":{"en":["Swalin, Richard A. (interviewee)"]}},{"label":{"en":["Date"]},"value":{"en":["4/28/87"]}},{"label":{"en":["Coverage"]},"value":{"en":["Arizona--Tucson (spatial)"]}},{"label":{"en":["Language"]},"value":{"en":["English"]}},{"label":{"en":["Description"]},"value":{"en":["Guest - Dr. Richard A. Swalin."]}},{"label":{"en":["Format"]},"value":{"en":["U-matic"]}},{"label":{"en":["Identifier"]},"value":{"en":["MS646.021 (uid)"]}},{"label":{"en":["Relation"]},"value":{"en":["Arizona Alumni Forum videocassettes (part of)"]}},{"label":{"en":["Type"]},"value":{"en":["Interviews"]}}],"summary":{"en":["Guest - Dr. Richard A. Swalin."]},"requiredStatement":{"label":{"en":["Attribution"]},"value":{"en":["Copyright held by University of Arizona Libraries"]}},"provider":[{"id":"https://arizona.aviaryplatform.com/aboutus","type":"Agent","label":{"en":["University of Arizona Libraries"]},"homepage":[{"id":"https://arizona.aviaryplatform.com/","type":"Text","label":{"en":["University of Arizona Libraries"]},"format":"text/html"}],"logo":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/038/original/university-libraries-logo-2x.png?1711560609","type":"Image"}]}],"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/159/332/small/azu_ms646-021_a.mp4_1651694427.jpg?1651694428","type":"Image","format":"image/jpeg"}],"items":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332","type":"Canvas","label":{"en":["Media File 1 of 1 - azu_ms646-021_a.mp4"]},"duration":1645.411,"width":640,"height":360,"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/159/332/small/azu_ms646-021_a.mp4_1651694427.jpg?1651694428","type":"Image","format":"image/jpeg"}],"items":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/content/1","type":"AnnotationPage","items":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/content/1/annotation/1","type":"Annotation","motivation":"painting","body":{"id":"https://aviary-p-arizona.s3.wasabisys.com/collection_resource_files/resource_files/000/159/332/original/azu_ms646-021_a.mp4?1651694407","type":"Video","format":"video/mp4","duration":1645.411,"width":640,"height":360},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332","metadata":[]}]}],"annotations":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778","type":"AnnotationPage","label":{"en":["ms646-021 [Transcript]"]},"items":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Hi and welcome to Arizona alumni forum. I'm Kent Rollins, director of the Arizona Alumni Association. Over the years scientists at the UVA have made significant discoveries in areas ranging from agricultural sciences, to optical computing. Many of these discoveries are patented, it very few ever become commercially viable products. Now the university is doing something about that. And hopefully the researchers some forward thinking entrepreneurs, the university and the people of Arizona will all come out winners. Today we're going to talk about the Arizona Technology Development Corporation, with its new president, Dr. Richard squalene, Dean of the U of A's College of Engineering and minds. Dr. squalene, thank you for being with us today. And hopefully, we'll be able to tell our viewers in Arizona a little bit about your new Corporation. It's","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=59.0,104.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: my pleasure to be here.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=105.0,106.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Why don't we start out tell us a little bit about your background. You've been in Arizona for a while, but But you came to us with quite a quite a record for the kinds of things that","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=107.0,115.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: we're going to talk about today. So share a little bit of that with us. Well, my own experience covers the full gamut from basic science to industrial applications. Prior to coming to the University of Arizona two and a half years ago, I was corporate Vice President for a large conglomerate on the East Coast allied Corporation, which is now allied signal and has significant subsidiaries in the state of Arizona as a matter of fact, by coincidence, and in that capacity, I had the responsibility for helping develop new technologies for the corporation that could result in new products and new applications. Prior to that I was in the academic world. I was a dean of the insert of technology at the University of Minnesota, which is a college which consists of mathematics, physical science and engineering. So I've had widespread experience as a researcher and an industrialist.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=116.0,166.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: You also became the first Dean when we combined the minds College and the engineering college. How long have you been the dean? Since I came to two and a half years ago, I","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=167.0,175.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: was effectively the Dean of both colleges, and then we put them together two years ago, I was the became the point of the dean.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=176.0,182.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Let's let's talk a little bit about the just the concept of technology transfer. You know, why is it important to us?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=183.0,190.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Yeah, well, there are a lot of reasons. But right now, it's a very voguish topic in Washington and elsewhere. We realize that to maintain our economic competitiveness as a nation, we have to develop new technologies, the Japanese are taking the old industries and doing a better job at manufacturing. And so we have to discover new industries to keep our economic furnace going so to speak. Okay.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=191.0,217.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: How about the actual concept itself? What are we doing? When we say we're going to transfer this technology? Where are we going to get this technique?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=218.0,224.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, the universities and national laboratories are tremendous generators of new science and new technology. And we have not done an efficient job in the past and translating this technology into commercializable products, results, the work has resulted in the enormous understanding. But it's been a rather haphazard process in forming new products and utilizing this technology into the in the marketplace. And that's what this new focus is all about.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=225.0,255.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Would you see this just as a, say, a way that we're going to realize more of our potential as an institution? Obviously, I think what you're saying is the ideas are, are vested in our researchers or scientists at the institution. And now we want to take these ideas and do something Yes.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=256.0,269.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: When I say Well, one of the missions of a State University is to spread its influence to the community in which it is located. And this is one mechanism additional to the other educational mechanisms that can be very important.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=270.0,282.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: The Arizona Technology Development Corporation, what's the purpose of it?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=283.0,288.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, this is a new Corporation. It's been in existence for two years or two months, excuse me. It is wholly owned by the University of Arizona foundation. It is a for profit corporation and The primary purpose of the corporation is to help develop these, these technologies out of the university and see if we can develop new products based on the science that is, within our own institutions.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=289.0,314.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Now, you're the new president, you're also Dean of the College. How do you adjust to those two roles? And","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=315.0,320.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: what will be your real role in the long run with the adjustment is when the difficulty, but I shall be leaving the dean sharp in the summer and will be devoting my primary effort to this new Corporation?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=321.0,334.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: In Where will you spend the majority of your time as president?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=335.0,337.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, primarily in Tucson and in the office looking at proposals and working with the faculty, and there may be other institutions in the state that want us look at some of their technologies. Also,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=338.0,351.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: I'm understanding that this grew out of our original division of industrial cooperation. Can you tell us just briefly what that was and how it relates to what your mission is now,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=352.0,361.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: the division of industrial cooperation was a very important entity that we started within the University of Arizona foundation to help bring in industrial money into the university for Contracts and Grants. And the division helped the faculty prepare proposals and handle the funds as they came from the industrial sector. And so that was a natural foundation upon which we could build and I became Acting Director of that division when Dr. cassander retired from the university system, he is the individual who started di C, as we call it.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=362.0,395.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Now is is your corporation currently operating is just on the front end of it. Where are you in your time, but","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=396.0,401.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: as I said, we've been in existence two months. So we haven't done I have a long history. But we really started some of the activities when the old EIC still existed. As I say, I was acting director of this, we really started the process at that time. And so we were we were ready to go. And when we when the Corporation was formally formed, and we now have a board of directors and NZ, as you indicated, I've been president and chief executive officer and jack Johnson is the vice president of the corporation. And we're working with several faculty right now and developing new new products and new corporations. Okay.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=402.0,438.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: We're going to take a break, and we hope you'll stay with us.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=439.0,445.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: We'll come right back.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=446.0,462.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Welcome back to Arizona alumni forum. I'm Ken Rollins, director of the Arizona Alumni Association. With me today is Dr. Richard squalene. And we're talking about technology transfer at the University of Arizona. Dr. swelling in talking about the atdc Corporation, you're saying you're about two months old. Tell us a little bit how it actually is going to operate. You were mentioning a little earlier today about the idea of you're really backing a number of other companies that are being set up. Could you maybe explain that process? Well,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=463.0,492.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: what do the model that we've been following so far, is that when we see a an idea, that could be the basis of a broad product line, that we will find it expedient to form a new corporation that has nothing to do directly with atdc, or the University of Arizona. And this corporation will have the responsibility for commercializing the products as they evolved from the laboratory science. And we and in the atdc will help these individuals and make investments in these corporations to help the develop products. And we will take an equity position on behalf of the University of Arizona foundation for that service.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=493.0,536.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Okay, what would happen if, if you didn't help these people establish these corporations? Could they do it on their own? Could they not do it? Would it be inefficient?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=537.0,548.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, as I indicated earlier, the up to this recent time, the process has been rather haphazard and therefore inefficient. Surely they're the individuals who started corporations over for a long period of time and universities and elsewhere. But the percentage of the science that has resulted in commercialized products is probably much smaller than it should be. And that's even true in the corporate sector. as we as we proved our understanding of technology management we find we can be much more efficient in utilizing technology and result in this results in products that are beneficial to to mankind and society at large. And so we believe that by providing help to the faculty who are primarily scientists, they're not trained to look at markets. They're not trained to look at business plans not trained to deal with venture capitalists, we can provide a catalog service for these individuals and thereby increase the efficiency","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=549.0,599.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: If someone were to say to you, the business community is really getting a tax free research, division for their operations. How would you respond to that? Well, of course, the","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=600.0,612.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: one of the purposes and doing research in university anywhere is result in information that is useful to society. And the investment that it takes to commercialize an idea from the laboratory is about 10 times what the investment is just do the laboratory science itself. So really the 90% of the of the investment and the risk is yet to be made for all of these laboratory program. So I think in many ways, society is getting a very good deal by being able to build on this 10% and investment in the laboratory and commercialize some new products.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=613.0,647.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: So you would see this as as part of the mission as a research institution that, that this is really something we should be doing. Yes.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=648.0,653.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: And the economic payback, if we're successful, will result in economic gain for the University of Arizona Foundation, and hence the University of Arizona. Okay.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=654.0,662.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: So you're saying to that the benefits, then to the people in the state of Arizona, are, are developing this new technology coming out with some new ideas, and it might range in a number of different areas? How about in terms of our quality of life? Is it likely to affect that?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=663.0,678.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, surely, I mean, we're all familiar with the marvels of technology, the exciting things going on in the medical field in the field of biotechnology in the tremendously new and exciting electronic products and these products in him influenced the quality of our life in a very direct fashion thing where we'd be if we were back 50 to 100 years, with what we had to work with. And so surely this is what should result significant increase in the quality of life.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=679.0,703.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: In most cases, when you talk about the University Foundation, or even the Alumni Association, in our case, you're talking a about nonprofit corporation, right? You mentioned earlier that this is a for profit corporation. How can you have a be involved in a for profit corporation?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=704.0,719.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, the University of Arizona is not responsible directly for our Corporation, we indicated earlier, are a subsidiary of the foundation and the foundation is outside the university also, as you well know. And his job is to support the mission of the university by a variety of means. And so this is completely consistent with I think the the philosophy of state universities, and the philosophy of the of the foundation is we're outside of the university system directly, but we're in support of it just as the foundation is okay.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=720.0,749.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: If it is for profit, then, but you're only two months old. When do you perceive that you might begin earning profit? Yeah, well, it takes","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=750.0,756.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: quite a while to commercialize new technologies, it isn't something that is done overnight. And a lot of people in other states, I think, have not understood that message. It takes probably on the average five years to really get into a profitable position, because it takes a few years of investment you take, as I indicated before you take the laboratory discoveries, and it takes an enormous amount of investment to develop a new product. And that investment goes on for a period of years before there's any significant sales. And so it takes maybe five years, and this is what I've told the people in the foundation University is that we won't should not expect to see a ourselves in the black before for a period of five years. Okay,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=757.0,795.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: what your background was a allied Corporation. That background is a businessman. how important that is that versus your background is like an academician in this case.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=796.0,806.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Yeah, in this context, I would say the industrial background is far more significant, having been a scientist because I understand what makes science and scientists tick. But the it's a different world all together, as our faculty members are finding out that are starting companies, they deal with entirely different concepts. And they do as professors and scientists. So it's highly relevant.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=807.0,828.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: The","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=829.0,830.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: how many ideas, let's say might you look at during the course of the year, once you're you're fully operating? And following that what percentage of those ideas might actually someday become profitable? If profit? Yeah,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=831.0,842.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: well, he is. We haven't gotten an extensive track record yet in terms of history. But I would guess that we will look at about 50 ideas in a year. And we'll probably get on a casual basis look at several 100. But really looking at 50 and with with some depth and going into some detail of those 50, I think we would probably be lucky in a sense to really commercialize to a year. So in five years, we might have a portfolio save 10 or 15 new companies, which is really a handful. It doesn't sound like a lot, but it's a real handful. Now in the venture capital field, which is closely related to you play with statistics. Typically with 10 new companies that have venture capitals invested one will be an outstanding success. And will five will will fail. And the rest will be moderate successes where they essentially pay the bills and maybe a modest return. So if you can't tell in advance if you could, you wouldn't have to go through the statistical part but So you're looking for that one. And I think we're, we're looking a little further back closer to the laboratory than a typical venture capitalist. So maybe it's going to be our odds might even be lower, but we're going to work very hard to make sure they're as high as we can make them.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=843.0,912.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Okay, we need to take a break, but we'll be right back. Welcome back to Arizona alumni forum. I'm Kent Rollins, my guest today is Dr. Richard squalene, president of the New Arizona de Technology Development Corporation, I always have trouble putting all that together. We're talking a little bit dick about the profits. What happens? Once you do become profitable? Or you take an idea from a professor and it becomes profitable? How do you How are the profit split up? Does the obviously the faculty member I'm assuming get some but your corporation? Yeah,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=913.0,977.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: well, it gets very complicated, but to keep it as simple as I can. The say that with the new Corporation has started to commercialize this professors idea, the professor will get a substantial amount of equity number of shares of stock based on the fact that his technology is worth a significant amount of money to that Corporation if it's successful. And the investors who put in money will also get shares of stock. If the company is successful, the shares will multiply many fold in value, and someday become publicly offered on the New York Stock Exchange over the counter exchange or something like this. And so the wealth is created for the individual by that by that by that mechanism is the primary. There's also some royalty income. But that gets into a little more detail.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=978.0,1021.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: What happens. Once the corporation your corporation, when you start to receive profits? What will you then do with those profits?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1022.0,1028.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, it depends on the circumstances, if the profits are significant, and I hope they will be we will certainly turn them back to the University of Arizona Foundation, which in turn will turn them back to the university for supportive research and teaching activities. And that's our primary goal in this whole activity.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1029.0,1044.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: What happens during that five year period where there are no profits?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1045.0,1049.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, the the University of Arizona Foundation has the foresight to realize they're gonna have to make a significant investment and there have agreed to support us for a number of years till we become profitable. Okay,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1050.0,1061.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: so that's just part of the investment of doing part of the investment. What, tell us a little bit about some of the types of projects that you think might be starting, what are the areas of the university that might lend themselves to this?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1062.0,1074.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, we're interested in the whole university of cars in the medical school is, is a rich source of ideas. By coincidence, the two companies that we have worked with right now and starting happen to be in the biotechnology and that's an absolute coincidence, both dealing with using a diagnostic using new the new bio bio technology to for diagnostic purposes to diagnose viruses and water in one case, and diseases in animals and another case, but we'll be covering the whole gamut. There should be programs, we're coming out of chemistry and physics and engineering, particularly in electronics field, there should be a rich source,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1075.0,1112.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: about our optical sciences. Do you see some things?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1113.0,1115.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Oh, yes. Well, optical Science Center has been successful in generating several companies up to this, this point. And that should be increasingly a source of new ideas","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1116.0,1124.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: about the era Will you be working with environmental research lab, or do they work a little differently?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1125.0,1131.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: I that we haven't dealt with them directly in this capacity we've been heavily engaged in under the old EIC rubric. But there's no reason why we couldn't work together. Surely,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1132.0,1143.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: it seems from listening to you that what might become a commercially viable product could be a product itself, or a service. Do you see a difference a contrast there? Will it be heavier on one side say the services versus the products?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1144.0,1161.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: I think what I think would be the reverse that they will tend to have products as opposed to services. I think that's the primary utilization of high technology is to come up with new products and improvements on existing products. And that's something we understand better than service.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1162.0,1176.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: would you expect that your evaluation process would favor that side? I mean, if yes, no, it's just because it might be Yeah, I","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1177.0,1182.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: think it would, yes.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1183.0,1184.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: What? Let's say that I am a faculty member, and I think I've got an idea, what would I do?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1185.0,1189.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, you'd come give us a call and either come over to the office or we come over to your office or we go have lunch together or something of this kind. We sit and talk about it and see If it just general makes sense and what the what the technology is it can be protected by patents. What's the evidence that there's a market? And then if it looks promising, we could ask the person to write it up in little more detail, five pages or something like this and give some preliminary evidence. And then we would bring some outside consultants in to look at this and make an evaluation of the market potential on a very preliminary basis at this point, and then we'd that would start the process going,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1190.0,1226.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: what can you explain a little more specifically the process? How would you know upfront whether to even continue the investigation? I'm sure the faculty member when they come feels like, hey, I've got I've got a great idea that I can't miss. Yeah, but you have to make that tough decision.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1227.0,1243.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Yeah, well, there's several, there are several steps and several decision points. And each one of these, you can come up with a no answer. And the question keeps getting a little more detailed as the as the process evolves. And we're willing to put in a substantial amount of money initially to help commercialize, usually, there's not a prototype or there's not really a product, it's a concept. It's something that's been proven in the laboratory. And we've got to make a prototype of the of the of the product and see what it can do. And we've got to make an investigation, perhaps of the patent literature and see if there are any patents that would preclude us from selling this product. If there are we would have to drop it or try to sell it to the person who held the patents. And so we look at the markets, you'd call potential customers, you wouldn't identify the product, specifically, but you'd say, if I had something that would do this, and this, and would it be worthwhile to you? And the person? I'd say yes or no. And if you said yes, you say, well, what's that? What would you be willing to pay for it? $10 or $100, or $1,000? And so you begin to box in the the process that way?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1244.0,1305.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: What happens? If a faculty member feels like their idea is more valuable to them? And to the institution? They can they begin spending too much time in that? What","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1306.0,1315.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: are the checks and balance? While there are Yeah, that's always a danger. And the one safeguard we have is we work very closely with with the university and the department head, which the professor is located. The dean, the Vice President, for research all are in the part of the process and knowing how this person is spending his time and so we I think we have some safeguards built in. That will work, but I think communication is the essence. Okay, yeah,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1316.0,1343.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: we need to take another break. But please stay with us. Welcome back to Arizona alumni forum. I'm Kent Rollins, the director of the association. With me today is Dr. Richard swelling Dean of the College of Engineering and Mines at the university, and also president of the New Arizona Technology Development Corporation. DYK before we run out of time Today, I would like to cover at least several more ideas. We're talking about a faculty member, if they have an idea, then they're pretty much free to come and sit down and talk to you. What happens if I'm someone who was not a faculty member, but I see the show and I say, I've got this great idea for dick swelling. What happens if I come to you? Can you work with me? Well, we'd","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1344.0,1402.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: like to know about it, our primary attention, at least initially is going to be with the university system. But our charter under atdc is really very broad. And if a good idea comes along, that looks like we could play a useful role, we'd be delighted to to look at it Yes.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1403.0,1417.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: What is the kind of cooperation and work that you're setting up? Is there a problem before an idea, let's say is patented, that it can be stolen?","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1418.0,1428.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Well, that's something Yes, you always have to be careful of when something comes out of the laboratory that looks like it's commercializable. There's always this tension between publishing it and keeping it in a proprietary basis, there's a lot of judgment involved, the science should be published. And that's the way it's put out into the world for people to utilize. But on the other hand, there's certain proprietary aspects which should be kept under wraps for a while. And I think it takes a lot of judgment. And there are a lot of cases where, in the past where ideas have been released to the literature prematurely, and this has made it impossible for someone to take any proprietary role in developing it, it becomes the property of the of the world at large, and therefore the property of nobody. So yes, we think this part of the educational process, if someone thinks he has a patentable idea, something that might resolve a new product, he should be sure and get start getting application for patents and as soon as as feasible, and that begins to get some protection. And of course, then there's another whole judgment area, there's some technology is not patented as much because you reveal things in the literature that other people can copy when the patent literature and so if it can be trade secrets that no one else can get ahold of, then you're better off not patenting something electronics industry does a lot of that activity.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1429.0,1502.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: How will you recruit faculty and their ideas? Are you going to be doing some actual marketing within the university to let them know","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1503.0,1509.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: that you're available? Yeah, very much on programs like this will help. There's been a lot of it's very interesting to me in this two month period, how much interest how much publicity the community has, has given to this notion, the newspapers have done a very excellent job. In this, the University paper, and various television and talk programs have have have mentioned atdc. And we're doing a lot of marketing within the university. I might point out Kent, that I don't think a large fraction of the faculty will ever be engaged in this type of thing. It'll be probably like 5% of the most. And that's just about the right number, it'd be a we certainly want to skew the mission of the university, which is primarily education and research. But as I say, there's this important element that has been neglected. here before that I think we can be of service to the to the nation and to the community.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1510.0,1559.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: One very quick answer, if you would, because we're about out of time. How hard is venture capital or money going to be defined to support these projects? Depends on the timing. It's all Yeah,","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1560.0,1571.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: sometimes there's a lot of capital available, and sometimes there's not it just depends on when you hit that cycle.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1572.0,1576.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Okay. And that's, that's going to be part of your job to get out and then find some of that money. I'm assuming you'll be looking outside of the state of Arizona as well as well, we","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1577.0,1585.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: we'd like to keep it within the state of Arizona if we can, but we'll look we'll take the money where it's available.","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1586.0,1591.999"},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"UNKNOWN SPEAKER: Okay. Dr. squalene, I appreciate you being with me and I appreciate you joining us today. Thank you very much","format":"text/plain"},"target":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332#t=1592.0,1594.0"}]},{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://arizona.aviaryplatform.com/collections/1078/collection_resources/73583/file/159332/transcript/37778/annotation/77","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/037/778/original/azu_ms646-021_a.vtt?1652821258","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/037/778/original/azu_ms646-021_a.vtt?1652821258"}]}]}]}