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University Technology Transfer

University Technology Transfer. Presentation to Legislative Biotechnology Task Force 29 September 2005 Gene A. Merrell Assistant Vice President - Research Chief Technology Transfer Officer. University Technology Transfer. What is technology transfer Rules of the game Challenges

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University Technology Transfer

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  1. University Technology Transfer Presentation to Legislative Biotechnology Task Force 29 September 2005 Gene A. Merrell Assistant Vice President - Research Chief Technology Transfer Officer

  2. University Technology Transfer • What is technology transfer • Rules of the game • Challenges • Opportunities • How you can help • Benefits

  3. UniversityTechnology Transfer • - a term used to describe a formal transfer of rights to use and commercialize new discoveries and innovations resulting from scientific and engineering research to another party

  4. NewTechnology Publications Ph.D’s Tenure Patents Universities Basic Research Federal Grants Private R&D Inventions Traditional Process

  5. Rules of the Game • 37 CFR 401 – Bayh-Dole Act • Regents Policy • University Policy • Sponsored Research Contract

  6. Challenges • Obtaining disclosures • Technology transfer resources • Expectations • Embryonic technologies

  7. Opportunities • Policy update • Presidential Commission • Vandal Innovation and Enterprise Works

  8. NewTechnology Publications Ph.D’s Tenure Patents Universities Basic Research Federal Grants Private R&D Inventions Proof of Concept ProductDevelopment Research Next Generation Products Return on Investment (ROI) PrototypeProduct Companies, Jobs, Products, Profits Equity, Royalties, and License Fees Investment Grade Technology Technology Transfer to Industry KTEC How You Can Help

  9. Benefits • accelerates business creation • creates higher value • spawns new businesses • creates new industries • opens new markets • workforce development • new products and services that improve our quality of life.

  10. Intangible Benefits • Increased invention disclosure and innovation reporting rates. • Higher value licenses-- less discounting of the financial terms of a license to compensate industry for the high risk of development. • Increased "deal flow" -- better deals, smoother transition from research to licensing phases. • Increased research in areas with commercial potential. • Improved relationships with faculty-- more internal assistance and external reality testing of faculty expectations regarding the commercial potential of their work. • Enhanced relationships with the business community. • Enhanced relationships with local and state government resulting from working more closely with Idaho companies and venture capitalists.

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