2019 Hagerstown Technology Showcase March 21, 2019

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Presentation transcript:

2019 Hagerstown Technology Showcase March 21, 2019 INNOVATION THROUGH COLLABORATION NCI Technology Transfer Center “Working with the NCI to Advance Your Bottom Line” Dr. Joseph M. Conrad III, JD Senior Technology Transfer & Marketing Specialist Invention Development and Marketing Unit 2019 Hagerstown Technology Showcase March 21, 2019

Commercialization Challenges for the NIH Recent court decisions raised the bar on requirements to obtain biomedical patents Biomedical technologies are high risk to commercialize NCI’s inventions typically early stage and often require additional development to be attractive for licensing. Opportunity: 57% of NCI’s portfolio remains unlicensed Response: TTC initiated multiple new approaches to advance development of NCI inventions through creation of the IDMU 2

Common Myths About Working with NIH Basic research – only works with academia Only research and develop drugs No exclusive licenses Big bureaucracy, cumbersome process Only interested in our own ideas FACT: Translational/clinical assets FACT: Devices/Dx/Biomarkers/Wearables/ Tools/Digital Health FACT: Exclusivity can be negotiated Bold title, smaller font FACT: We are experts in negotiating and executing partnerships and licenses FACT: Ideas can originate in company partners 3

NIH Patent Portfolio Assets available for licensing/collaboration: Therapeutics Vaccines Devices Diagnostics Tools Software Wearables and digital health Pre-clinical and clinical stage technologies Non-patented technologies available as Research Tools under Non-exclusive licenses (e.g., animal models, antibodies & cell lines) 4

We make them part of our marketing team Who are our Potential Partners? The Usual Suspects: Large & Mid-size Companies Newer players in the ecosystem: Start-up companies Technology Scouts Investors (e.g., angels and venture capitalists) Entrepreneurs Economic development entities Foundations and philanthropies Service providers (e.g., law, accounting & consulting firms) We make them part of our marketing team 5

A: Any TT office is glad to connect you! IDMU - Whatever Your Technology Area, One of the 27 Institutes/Centers Can Help Technology Transfer Center (TTC) manages technologies from NCI and nine other Institutes/Centers Q: What if you are interested in a technology outside these Institutes/Centers? A: Any TT office is glad to connect you! 6

NCI Start-Up 2.0: Term-limited, Exclusive Evaluation Option License Companies developing early-stage technologies from intramural research of NIH Institutes and Centers served by the TTC: NCI, NEI, NIA, NICHD, NIDA, NIMHD, NIH CC, NCCIH, NLM, and CIT Companies that are: < 5 years old < $5M in capital raised < 50 employees 24-month option period $5K execution royalty within 60d of effective date; $5K royalty due one year later NIH partner pays on-going patent expenses during option period Option to convert to an Exclusive Patent License 7

Pursuing a Partnership with NCI – Our Technology Transfer Center Can Help Not a special program Not a competitive process No application deadlines Get started via email or phone call Reach out with small amount of technical information Know your “ask” We try to identify internal champion (NIH investigator) 8

NIH Value Proposition $7B Product sales from licensed NIH/FDA IP (FY13) Validate your technology and/or test in humans Usually No equity position 10% overhead rate Doesn’t take your IP World-renowned researchers and resources Prestige factor: Collaboration = higher company profile 9

Offers Significant Commercialization Potential Partnering with NIH Offers Significant Commercialization Potential 10

Contact Us – Let’s Explore Working Together Dr. Joseph M. Conrad III, JD Senior Technology Transfer & Marketing Specialist Tel. 240-276-5495 email: joseph.conrad@nih.gov website: https://techtransfer.cancer.gov General information email: NCITechTransfer@mail.nih.gov @NCITechTransfer NCITechTransfer 11