1. Starting a Company from Research at the UW James A. Severson, Ph.D. Vice Provost, Intellectual Property and Technology Transfer January 30, 2007

2. The mission of UW TechTransfer is to extend the impact of University of Washington research through the creation of partnerships that encourage investment in innovation.

3. Companies from the UW Over 200 companies stared by UW students, faculty or with UW technology Over 9200 people employed in these firms Over $3 billion in sales by these companies in FY2002 63% of these companies are still active 89% of these companies are/were located in Washington state

6. Technology Gap Innovation Fund Designed to enhance the commercial value of UW discoveries Partnership with WRF Royalty Research Fund External review panel  Increase ability to license discovery or to start a company  Commercial potential  Milestones  Budget

7. LaunchPad Dynamics Partnering to catalyze business formation PeopleResources UW Researchers VCs Entrepreneurs Business Leaders UW Business UW Law Plan Mentor Analyze Guide UW TechTransfer Company Creation Company Creation Company Creation Innovation Manage IP Assets Aggregate IP Rights Mentoring Networking Strategic Planning Market Focus Competitive Analysis Legal LaunchPad Teams

8. Expectations Business plan Will not do an “equity only” deal Equity must represent fair value for the technology Diligence terms in any license If a UW employee is involved  Will not negotiate directly with employee  Involvement must be approved

9. Possible Roles Leave of absence Reduced appointment Scientific Advisory Board Consulting role with company

10. Pathways Option to license  Raise money  Identify manager License agreement  Financial terms  Diligence Combination – license pre-negotiated

11. New Policies for Outside Activities Leadership of the Technology Alliance Legislation sponsored by Governor Gregoire Amendment to State Ethics Act  UW given the opportunity to develop polices that are within the federal guidelines to manage consulting and outside work that will facilitate technology transfer Clarify – enable Additional flexibility with approvals for outside work

12. New Policies for Outside Activities Outside Professional Work Policy APS 47.2 – Personal Use of University Facilities APS 47.3 – Outside Consulting Activities and Part-Time Employment GIM-10 – Significant Financial Interest Disclosure Policy

13. Use of Facilities Allows de minimus use of university resources when related to approved outside work or an activity related to technology transfer Clarifies previous law and enables day-to-day interactions Offices, telephones, computers, and UW email accounts can be used for certain outside work that is related to research and technology transfer Little cost to the university, does not interfere with normal operations, etc Caution still required – not all interactions are allowed To take advantage of this change – activity must be approved

14. Questions? Conflict of interest and GIM-10 - Office of Research Outside work - Academic Human Resources

15. James A. Severson, Ph.D. Vice Provost, Intellectual Property and Technology Transfer UW TechTransfer University of Washington 4311 11 th Avenue NE, Suite 500 Seattle, WA 98105 Voice: 206-543-0905 Fax: 206-543-0586 Email: jasever@u.washington.edujasever@u.washington.edu Web: http://depts.washington.edu/techtran/