7/27/2022
Alabama HBCU’s Presidents
Dr. Daniel K. Wims - Alabama A&M University- Huntsville
Dr. Quinton T. Ross Jr. - Alabama State University- Montgomery
Dr. Kathy L. Murphy - Gadsden State College- Gadsden
Dr. Bobbie Knight - Miles College- Fairfield
Dr. Leslie Nelson Pollard Ph. - Oakwood University- Huntsville
Dr. Stanford Angion - Selma University- Selma
Dr. Cynthia Warrick Stillman College- Tuscaloosa
Dr. Gregory J. Vincent - Talladega College- Talladega
Dr. Charlotte P. Morris - Tuskegee University- Tuskegee
Re: Open Letter - BioLabShare initiative to support Alabama’s HBCUs
Dear Alabama HBCUs Presidents:
My name is Anton Dormer. I am the CSO of PepVax, Inc. (www.pepvax.co) and the CEO of BioLabShare, LLC (www.biolabshare.net). The purpose of my letter is to share with you opportunities that can be individually and collectively beneficial to your institution. Please allow me to share a little about my background and why I am so passionate about what I can do to assist in your pursuit of educational excellence as you train the next generation of diverse leaders.
My parents, Drs. Caryll and Aline Dormer, have had the opportunity to share as professors of nursing for many years at Oakwood University located in Huntsville, Alabama. They are presently retired and have done quite well in the area of real estate investment. They are my role models for how to serve others. I am a proud graduate of Oakwood University, my alma mater, Summa Cum Laude. I have completed medical school, and obtained a masters in biotechnology from the University of Massachusetts - Boston. I spent several years as a professor before starting my company PepVax, Inc. (2013). I have the opportunity to start several biotech companies whose valuation have reached into the millions. In 2019, I started a new company called BioLabShare, LLC.
BioLabShare, LLC’s mission is to help alleviate the biomedical wet lab shortage within the United States while working to diversify the field of biotechnology, life sciences, and health technology. The company’s vision is to fulfill its mission by building co-working/co-living mini-campuses or hubs that will consist of a biomedical wet labs along with a residential complex for biotechnology, life sciences, and health technology entrepreneurs and firms while partnering with HBCUs so to bring to those institutions bioentreneurial and bio-licensing opportunities that will provide revenue, student biomedical internship, faculty fellowship opportunities in the area of biotechnology, life sciences, and health technology.
BioLabShare, LLC is in the process of building its first biomedical research lab and residents in the City of Huntsville, Alabama. We plan to start pulling permits in 2023 and will be done with the two buildings by 2024. It is on the Dormer’s family estate and it is part of our family giving back to our community. I invite all of your institutions to participate in the opportunity such a center would provide. One of the challenges that beset many HBCUs is the challenges of funding. Please note the following information. It is estimated that USA universities brought in about $3 billions in STEM related intellectual property revenue in 2022.
Stanford received $114 million per year in gross royalty revenue from 847 technologies.
John Hopkins University intellectual property invention is managed by Johns Hopkins Technology generate approximately $60 million in licensing revenue yearly
Between 1991 and 2015, licensing MIT's patents has generated $1 billion in revenue. Since a licensing fee is roughly 2% of revenues, that represents $50 billion in sales generated by the IP.
Harvard University generated $106 millions in revenue from their intellectual property licensing in 2020.
What is the big point? Approximately $2.94 billion in licensing revenue was generated in 2018 directly from the process of taking academic inventions to market, otherwise known as technology transfer (TT). (The Evolution of University Technology Transfer: By the Numbers Apr 7, 2020). My strained calculations found that the 107 HBCUs generate about $2,000,000 in STEM IP revenue 2022.
~$3 billion versus $2 million. John Hopkins University for example generates more revenue one one year from IP than all of the HBCUs have created in its existence from IP revenue generation. Yet, this avenue of revenue generation is often overlooked by most HBCUs. BioLabShare is here to help. In appendix A I have included architect building renditions and bioresearch medical wet lab. The first floor has a dedicated classroom where we look to teach your student in biotechnology and bio-entrepreneurship. Also, we plan to provide research fellowships for your faculty to pursue commercializable human healthcare solutions. The first floor also consists of a small cafe and teaching lab where we look for your students and faculty to have a bench to test their commercializable ideas. The second floor is where the business incubator for biotechnology, life sciences, and health technology firms.
How does BioLabShare, LLC plan to use this facility to engage the Alabama HBCUs? Kindly note the following manner:
Provide student internships and classes in the area of biotechnology and bio-entrepreneurs
Provide support for HBCUs faculty and students in developing biomedical products that could be commercialized within the BioLabShare labs.
Work with the Alabama HBCUs to develop a tech transfer office. If the HBCUs do not have their own technology, BioLabShare will provide training to selected faculty using technology from my company PepVax, Inc. if an educational institution does not have a commerciable technology
The goal will be to develop a paradigm that will lead to a growing revenue stream from STEM related intellectual property coming from milestone payments and royalties which the HBCUs universities can use to enhance their student’s educational offerings.
These are just some of the opportunities that we desire to provide for your educational institution.
It is time for a change. We need to take care of ourselves. Yes, it will take time to build up, but the benefits are institutions that attract more students of color and to train them in a field that is ripe for us to make a significant impact.
I end with the following.
One cannot complain about a closed door when one has not tried to see if the door is open or closed. This is an opportunity for your institution to make your own money by tapping the talents and skill sets of your genius faculty and students while creating impactful products that will better humankind.
Also note:
You can give someone a fish and they will eat for that one day.
You can teach someone to fish and they only will eat for a lifetime.
Or you can teach someone to own and manage their own pond; for not only will they eat for a lifetime, but also will their family and the villagers eat for a lifetime, while they teach others to be pond owners.
BioLabShare is here to make you all pond owners.
Dr. Dormer
Create your own wealth by tapping the geniuses that you have on your campus that consists of your students and faculty. I decided that it will be best to send the aforementioned information via snail mail so that when we talk you will have something in your hands to view.
I and my team look forward to assisting in fulfilling the mission and vision of your respective institution.
Thank you in advance for this opportunity to serve my community in this manner. I am humbly honored.
Best regards,
Anton Dormer
Anton Dormer MD MD
CEO BioLabShare, LLC
www.biolabshare.net
CSO PepVax, Inc.
508 577-0756
Appendix - Building plans for the BioLabShare biomedical research lab and resident for Huntsville, Alabama
https://docs.google.com/document/d/1bbvqYVA4rXcj97MLnxJidQ5Kw_Bo2czMT9ogZvr0Jx4/edit?usp=sharing