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Commercializing University Research

Commercializing University Research. John Fraser Director, FSU Office of Technology Transfer and Corporate R&D www.techtransfer.fsu.edu. University inventions in daily use. FOOD Pablum - U of T Strawberries - U of Calif. Vitamin D in Milk - Wisconsin Gatorade - U of Florida

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Commercializing University Research

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  1. Commercializing University Research John Fraser Director, FSU Office of Technology Transfer and Corporate R&D www.techtransfer.fsu.edu

  2. University inventions in daily use • FOOD • Pablum - U of T • Strawberries - U of Calif. • Vitamin D in Milk - Wisconsin • Gatorade - U of Florida • Hybrid Corn - U of Iowa - 70% • HEALTH • Hepatitis B Vaccine - SUNY, U of Calif. • CEA - Cancer Diagnostic - Cancer of the Bowel - McGill • Nicotine Patch - U of Calif. • Insulin - U of T • MRI - Oxford

  3. University inventions in daily use • BIG HITS • Netscape Browser - U of Illinois • Rat Poison - Warfarin • Biotechnology Patents - U of Calif. & Stanford • 3TC - AIDS - McGill • Synthetic Taxol - Florida State U

  4. AUTM Data FY1991-2000Created by Lou Berneman (UPenn)/ altered by John Fraser (FSU) $200B + Research $2M : 1 disclosure 100,000 disclosures (discoveries) • Commercial potential • Technical advantages • Protectability • Inventor profile Opportunity Assessment (Triage) Only 50% of disclosures 50,000 Patent Applications License Income Only 25% of disclosures 3.1 % of Research Base 50% < $ 10k cum 0.6% > $ 1 M/yr. 2,500 Start - ups 2.5% 25,000 Licenses Positive exit (liquidation)

  5. Licensing • A legal arrangement where the corporation is granted legal rights to commercialize the university invention, with agreed to ‘due diligence’ milestones. • The reward for each is a new profitable product serving a market for the public benefit and a 5% royalty to the University. The risk is lack of expected success for investments.

  6. Existing Company / New Company • www.autm.net , click (surveys) • in FY 2000, • $ 29.5 billion in R&D expenditures on 190 campuses. • 20,968 active licenses; 25% with product sales • 4,362 new licenses/options of which 454 to new startup companies (56% with equity to U)

  7. Economic Impact • $ 800 million in royalties • 250,000+ jobs • $ 40 Billion in sales / investment capital http://www.nasvf.org/web/allpress.nsf/pages/5415.

  8. Wrap - Up

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