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Fostering and Managing Industry Partnerships

Fostering and Managing Industry Partnerships. Gay Yuyitung McMaster Industry Liaison Office January 25, 2012 – CIHR Info Session. Increased funding opportunities Enhanced training for students through industry exposure Potential for research results to have an impact on society.

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Fostering and Managing Industry Partnerships

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  1. Fostering and Managing Industry Partnerships Gay Yuyitung McMaster Industry Liaison Office January 25, 2012 – CIHR Info Session

  2. Increased funding opportunities Enhanced training for students through industry exposure Potential for research results to have an impact on society Benefits to Working with Industry

  3. Sources of Industry Partners • Conferences and seminars • Personal contacts via former graduate students, colleagues in industry • Contact through your publications • Company representative visits to campus • Networking

  4. Grant Planning with Industry • Discuss project details with your scientific contact to ensure alignment of goals • Can take 1-3 months to get company approval for proposal  Start early and understand the company’s needs

  5. Keys to Successful Collaborations • Understand the Company’s goals and objectives • Keep industry partner informed of progress • Especially when things are not going as planned  Communicate and build trust for a long-term relationship

  6. Research Contracts Logistics • Work plan and budget – to be reviewed and approved by Chair, Dean and MILO • Indirect Cost Rate is 40% • Typically, University retains ownership of IP (with right of first offer to the company) and unrestricted right to publish • Negotiations with the company can take 1-2 months

  7. What MILO does • Negotiates industry sponsored research contracts and supports industry matching government grants • Processes non-monetary agreements (e.g. Material Transfer Agreements and Non-Disclosure Agreements) • Coordinates visits from industry to campus to meet with researchers • Facilitates commercialization of research developed at the university

  8. MILO Contacts Gay Yuyitung, Business Development Manager Ext 23164 yuyitun@mcmaster.ca Sunita Asrani, Business Development Advisor (Health Sciences) Ext. 28641 asranis@mcmaster.ca Mahima Agochiya Ext. 28644 agochiy@mcmaster.ca Bertha Monrose, Research Contracts Officer (Health Sciences) Ext. 22416, monrose@ip.mcmaster.ca Brent Davis, Executive Director and Research Contracts Manager Ext. 22649, davis@mcmaster.ca McMaster Innovation Park, Suite 305, 175 Longwood Road S. http://ip.mcmaster.ca

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