Effects of Patenting and Technology Transfer on Commercialization Katharine Ku Director Office of Technology Licensing Stanford University

Technology Transfer is Complex “Technology Champion” is the most important factor Patents are only a small part of the picture Commercialization of university research is high risk and success depends on receptiveness of industry/entrepreneurs

Does Tech Transfer Affect Institutional Behavior? Administration doesn’t “know” about the deals beforehand Royalty revenue does not rise to the level of Stanford’s annual report Conflict of interest issues are reviewed independently from “deal” Equity management

Constituents Inventors University administration Government Companies large small start-ups

Is there evidence of success? Financial

Statistics Cumulative royalties: $455 M Cumulative disclosures: 4,400 DNA: $255M (shared with UC) equity: $20M Cumulative disclosures: 4,400 1/4,400 is a big winner 47% of our licenses produce less than $10K per year

Is there evidence of success? Financial Products in the market Start-up activity Enhanced university/industry interactions Economic Development Innovation

AUTM Statistics (FY 1999) 417 new products introduced 344 new companies formed $862 M in license income from 8,300 licenses 12,000+ disclosures $2.7B industry sponsored research federal sponsored research is $16.8B

Is there evidence of success? It depends on expectations...