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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

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 transfer2
University Technology Transfer
  • What is technology transfer
  • Rules of the game
  • Challenges
  • Opportunities
  • How you can help
  • Benefits
university technology transfer3
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
traditional process

NewTechnology

Publications

Ph.D’s

Tenure

Patents

Universities Basic Research Federal Grants Private R&D Inventions

Traditional Process
rules of the game
Rules of the Game
  • 37 CFR 401 – Bayh-Dole Act
  • Regents Policy
  • University Policy
  • Sponsored Research Contract
challenges
Challenges
  • Obtaining disclosures
  • Technology transfer resources
  • Expectations
  • Embryonic technologies
opportunities
Opportunities
  • Policy update
  • Presidential Commission
  • Vandal Innovation and Enterprise Works
how you can help

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
benefits
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.
intangible benefits
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.