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Benefits of Technology Transfer Versus Company IP

Benefits of Technology Transfer Versus Company IP. Presented by: Michael J. Dailey, Principal Next Level Performance Consulting LLC. Research Funding Background. In 2002 the Economist called the Bayh/Dole Act of 1980

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Benefits of Technology Transfer Versus Company IP

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  1. Benefits of Technology Transfer Versus Company IP Presented by: Michael J. Dailey, Principal Next Level Performance Consulting LLC

  2. Research Funding Background In 2002 the Economist called the Bayh/Dole Act of 1980 “. . . possibly the most inspired piece of Legislation to be enacted in America over the past half-century” US Government spent $405 billion in 2011 - 40% of total global spending

  3. Research Funding Background • Bayh- Dole Act of 1980 • Changed the rules for ownership of inventions made with federal funding • Encouraged licensing of Government Owned Inventions • Stephenson-Wydler Innovation Act of 1980 & Federal Technology Transfer Act of 1986 • require federal laboratories to actively engage in the technology transfer process

  4. Extramural Research * • Engine for Research and Innovation • Over 80% of the NIH budget • 2013 Annual Budget: $29 billion • Over 50,000 awards annually • 325,000 extramural researchers (mostly universities) • Over 3,000 research organizations * FY-2013 NIH Fiscal Policy for Grant Awards

  5. NIH Licensing * • $ 7 billion in product sales • $ 116 million in royalties collected • 576 invention disclosures • 312 licenses executed • 79% of royalties on drugs and biologics * FY-2013 Annual Report NIH Office of Technology Transfer

  6. How Tech Transfer Works SELL LICENSE RESEARCH

  7. Advantages For Tech Transfer • CRADA provides additional resources from Federal Labs/Academic Institution with unique capabilities • Cost of IP is typically paid up front by Federal Lab/Academic Institution providing Company favorable repayment terms • Collaborator (Private Company) has first rights in licensing • Bestows instant marketplace credibility to new invention because of Federal Lab/Academic Institution’s reputation

  8. Example Tech Transfer Successes

  9. Thank You Michael J. Dailey, Principal Mike.Dailey@NLPCLLC.com (301) 788-0201

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