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Commercializing Inventions at Baylor

Commercializing Inventions at Baylor. Research, Technology Inventions. BCM Technologies, Inc. Baylor Licensing Group. Bayh-Dole Act. Enacted in 1980 Allowed universities to retain title to inventions developed with federal funds Foundation of university technology transfer

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Commercializing Inventions at Baylor

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  1. Commercializing Inventions at Baylor Research, Technology Inventions BCM Technologies, Inc. Baylor Licensing Group

  2. Bayh-Dole Act • Enacted in 1980 • Allowed universities to retain title to inventions developed with federal funds • Foundation of university technology transfer • Before 1980 discoveries were rarely commercialized • In FY 2003: • 472 new commercial products launched • 4,516 new licenses & options executed • $1.310 billion net license income

  3. What does Commercialization REALLY Mean? • Transfer of research results, findings, and discoveries to the marketplace to benefit patients and the public • Possible outcomes • - License agreement • - Start-up company • Both BLG and BCMT act as catalysts in this process.

  4. Academic Responsibilities • Conduct research to benefit the public good • Commercialize research results as mandated by the Bayh-Dole Act – (Baylor owns inventions) • Properly report federally funded inventions • Properly report and follow contractual obligations for industry-sponsored research

  5. What and When to Disclose? • What? – Technology that solves a problem or improves a process (e.g., cell lines, clones, vectors, transgenic or knockout animal models, diagnostic probes, research tools, therapeutics, devices, software, educational materials). • When? – Before publication or presentation • Journal • Poster/Abstract • Seminar • Meetings • Questions? Please call 798-6821.

  6. BLG Responsibilities • Processing of Invention Disclosures • Assignment of rights to institution • Contributing parties and funding agencies • Initiates federal reporting • Licensing of Technologies/Inventions • Patenting, if necessary • Market research and marketing • Negotiation and legal review of documents • Coordination with BCMT

  7. BLG Responsibilities • Reporting of ongoing federal obligations • Maintenance of license agreements • Receipt and processing of licensing income

  8. License Income Sharing • Foundations and other sponsors • Inter-institutional agreements for joint inventions with other universities • Favorable sharing arrangement with inventors • 50% of Net Income to the inventors

  9. BLG Accomplishments • During this past fiscal year (’05), BLG executed 45 license and option agreements with commercial partners. • Revenue from licensing activity totaled $7.49 million in fiscal ’05. Much of this revenue represents royalty income from deals that were executed years ago. • 50% of Net Income goes the developers of the licensed technology.

  10. What about other Agreements? • Confidential Disclosure Agreements (CDAs) • Sponsored Research Agreements (SRAs) • Material Transfer Agreements (MTAs) to academics • Paul Kendall, Ramona Mangrum and Lisa Potts • Office of Research, Barbara Cochran’s Group (713) 798-1297

  11. Baylor Licensing Grouphttp://www.bcm.edu/blg/ • Lynne D. Schaefer, Director • Stewart N. Davis • Larry Hope • Terese Rakow, Ph.D. • Michael Dilling, Ph.D. • Lisa Beveridge Phone: 713 798-6821

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