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Technology Transfer at Case Western Reserve University Casey Porto, Assoc. V. P.

Leading successful commercialization of CWRU ideas through licensing and new company startups. Focus on innovation marketing, targeted approach, and forming winners. Operating as business cost recovery with active involvement in new company formation.

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Technology Transfer at Case Western Reserve University Casey Porto, Assoc. V. P.

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  1. Technology Transfer at Case Western Reserve University Casey Porto, Assoc. V. P.

  2. Our Mission • To lead the successful commercialization of ideas created by people at CWRU through: • Licensing • Start-up of new companies

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

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