Life Sciences New Initiative

Status Update

Bin He, Moshe Kam, M. Vidyasagar and Bichlien Hoang

for the LSNI Project Team

[Adapted from the presentation to IEEE Board of Directors

Phoenix, AZ, USA19 February 2012 ]

DISCLAIMER (requested by Bichlien)

"It's OK to share with your team,  as long as you mention that this is work-in-progress and should not be shared outside of your Committee. "

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2011 Accomplishments (1)

• Strong support for and participation from 29 Societies, Council and Committees (see slide 3)

• Created Life Sciences Steering Committee• Created Life Sciences Project Team (35 members)• Created five Life Sciences Sub-teams • Launched the Life Sciences Web Portal on June 22, 2011 (

http://lifesciences.ieee.org) and refreshed Portal content on a regular basis

• Organized and planned for the first IEEE Life Sciences Grand Challenges Conference, Oct 4-5, 2012 , National Academy of Science, Washington DC

• Started evaluating organizational structures for post-NIC operations, e.g., Multi-Society Technical Group

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LSNI Project Team Structure

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LS Steering Committee

Chair - Moshe Kam, LS Initiative ChampionM.Vidyasagar, LS Project Team Co-Chair

Bin He – LS Project Team Co-ChairBichlien Hoang, LS Program Director

Grand ChallengesBin He (EMBS)

Aniruddha Datta (Control)

Andreas Demosthenous (CAS)

Atam Dhawan (EMBS)Al Hero

(SPS)Luis Kun

(Computer)Jean-Christophe Olivo-

Marin(SPS)

Jagath C. Rajapakse (CIS)

Elliot Sloane (EMBS)

LS PortalEditorial Board Nitish Thakor

(EMBS)Georges El Fakhri

(NPSS)Chapalathy Neti

(Biometrics)Mohamad Sawan

(CAS)

LS Portal Operations

Bichlien Hoang (Staff)

Brian Hipszer (EMBS)

Bruce Hecht (SSCS)

Lee Moffitt(content manager)

Membership,Roadmap &

BrandingJohn Walz (Computer)

Bruce Hecht (SSCS)Koichi Ito (APS)

Ali Khademhosseini (EMBS)

Yong Lian (CAS)Elliot Sloane (EMBS)

Tsong-Ho Wu (ComSoc)Fumihito Arai (RAS)

Michael Berthold (SMC)Mary Capelli-Schellpfeffer

(IAS)Brian Cunningham (PHO)

Peter Ghavami (RL)Arye Rosen (MTT)

James A. Smith (GRSS)Dong Sun (Nano)

Pubs & ConferencesFrank Doyle

(Control)Xue-Wen Chen

(Computer)Alberto Del Guerra

(NPSS)Frank Allgower

(Control)Jose Principe

(EMBS)Gianluca Setti

(CAS)M. Vidyasagar

(Control)

IEEE Life Sciences Portalhttp://lifesciences.ieee.org

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2012 Highlights• Promote LSNI outside of IEEE

• Engage Marketing, PR/Media Relations firm and work with IEEE Public Visibility

• Develop products and services as potential Post-NIC revenue sources • Subscription Service to selected content on LS Portal

• Life Sciences e-Newsletter• Life Sciences Topical Blogs• Best papers from flagship conferences

• LS Grand Challenges Conference• Webinars

• Engage other OUs (e.g., MGA, Standards, EAB) • Develop partnership with strategic partners• Develop post-NIC organizational structure and transition plan

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LSNI 3-year Budget (option 1 – full details)

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Budget Item2010 actuals

2011 approved

2013 approved Total

Total Revenue $0 $0 $0 $0Expenses Staff Costs (Total) $57.000 $123.000 $145.000 $325.000Consultants $0 $0 $0Research / Surveys $13.000 $0 $10.000 $23.000Other Contractors (LS Portal Development for new features) $39.000 $43.000 $70.000 $152.000Webinars $0 $10.000 $10.000LS Project Team Meetings $3.000 $6.000 $9.000Travel $0 Volunteer $2.000 $7.000 $8.000 $17.000 Staff $1.000 $9.000 $9.000 $19.000Marketing, PR/Media relations $0 $35.000 $35.000Publicity (brochures, videos) $10.000 $22.000 $32.000Publications (new Life Sciences e-Newsletter $0 $20.000 $20.000LS Grand Challenge Conference* (need funding from other sources) $0 $0 $0Student Competition $0 $0 $0Total expenses $112.000 $195.000 $335.000 $642.000Initiative Net -$112.000 -$195.000 -$335.000 -$642.000

Business Model – Revenue SourcesOn-going expenses to monetize the LS Portal

– Staff and LS portal supplier

Revenue Sources

– Traditional: LS conferences and webinars

– New: LS Subscription service via the LS portal

Approach

– Expand the LS Grand Challenges Conference into an annual IEEE Life Sciences Grand Challenges Summit, rotating among locations worldwide –Grand Challenges Team and Pubs and Conferences Team

– Webinar: With EAB, create one “hot topic” LS Webinar in 2011 and evaluate results – Pubs and Conferences Team

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LSNI Life Cycle Estimates

Note – Assume revenues come from subscription service, conferences and webinars. Details are given in NIC Proposal

Life Cycle Estimates

Post New Initiative, Life Cycle Estimates

Year 1 after NIC funding

is gone

Year 2 after NIC funding

is goneYear 3 after NIC funding is gone

Total for Years 1-3 after NIC

funding is goneAnticipated Revenue $140,000 $230,000 $320,000 $690,000

Anticipated Expenses (less HR)

$70,000 $60,000 $60,000 $190,000

Anticipated HR Costs $90,000 $90,000 $90,000 $270,000

Project Net ($20,000) $80,000 $170,000 $230,000

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