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Technology Transfer at Case Western Reserve University Casey Porto, Assoc. V. P. Our Mission. To lead the successful commercialization of ideas created by people at CWRU through: Licensing Start-up of new companies. Our Operating Philosophy. Focus on innovation marketing vs. technology.
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Technology Transfer at Case Western Reserve University Casey Porto, Assoc. V. P.
Our Mission • To lead the successful commercialization of ideas created by people at CWRU through: • Licensing • Start-up of new companies
Our Operating Philosophy • Focus on innovationmarketing vs. technology • Targeted approach • Select and concentrate on winners • Operate as a business cost recovery • Active involvement new company formation
CWRU Externally Sponsored Project Awards – FY02 * ($Millions) Medicine $178 77% Clinical Depts. $96; Basic Science Depts. $68 Engineering $30 13% Biomed.Eng. $10, Mat.S&E $4, Macromolec. Sci. $4 Arts and Sciences $14 6% Physics $3, Chemistry $4, Biology $3 Professional Schools $8 3% Nursing $4.5; Mandel Sch.Appl.Soc.Sciences $2; University General $3 1% TOTAL $233 100% * approximately 90% for research and development
O F F I C E O F T E C H N O L O G Y T R A N S F E R Technical Merit Commercial Merit (Pre-Marketing) Intellectual Property Protection Additional R&D Sell Licenses Obtain IP Protection The Process Receive/Solicit Ideas from CWRU People “Invention Disclosures” Phase 1 - Evaluation Phase 2 - Commercialization
What we’ve done since July 1, ‘02 • 100 MTAs executed • 60 CDAs executed • 18 SRAs assisted, $324,000 leveraged • 6 Licenses, 2 Options • Currently Negotiating ~ 10 Licenses/Options • 64 New Invention Disclosures • Revenue year-to-date: $5.2 Mil
Accomplishments in last 18 months • Combined 3 prior tech transfer functions into one central office • Hired 5 new professional staff, 5 support staff • Installed and populated new database (JAKE) • Redesigned website and invention disclosure form • Moved into new office space—centrally located • Published first annual report; quarterly newsletters • In FY02, increased revenue 50% over prior year; FY03 projected to be almost double FY02
Incubation Services • Organizer’s function • Start-up documentation package and license • Recruitment of management team • Physical incubation services • Development of business plan • Business advice and assistance • Financial support
Case Technology Ventures • Multi-million $ “pre-seed-stage” fund managed by TTO at Case Western Reserve University • Start-ups based on University-owned IP • Recently awarded $1 Mil from State of Ohio Technology Action Fund • Provides capital (50-250k) to start-ups for: • Prototype development • Management team recruiting • Startup legal expenses • Business plan development • Facilities
Our Goals • Bring more CWRU technologies to market • Encouragement of university spin-off companies • Over-all financial results for the university • Technology Transfer as a strategy for development, industrial sponsored research and recruiting/retaining the best research talent • Proactive emphasis of regional economic development