1. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas Benefits of Technology Transfer Versus Company IP Presented by: Michael J. Dailey, Principal Next Level Performance Consulting LLC

2. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas 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. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas 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. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas Extramural Research * * FY-2013 NIH Fiscal Policy for Grant Awards 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

5. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas 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. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas How Tech Transfer Works Federal/Academic researchers collaborate with private companies under specific contracts called CRADAs Upon conclusion of project, private company Licenses IP from Federal Lab/Academic institution Private company commercializes technology (sells product) and pays royalties to Federal Lab/Academic Institution RESEARCH LICENSE SELL

7. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas 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. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas Example Tech Transfer Successes ProductCompanyUse FluMist®MedImmuneInfluenza vaccine Havrix®GlaxoSmithKlineVaccine against hepatitis A Taxol®Bristol-Myers SquibbTreatment of solid tumors and Kaposi’s cancer Taxus® ExpressBoston ScientificTreatment of coronary artery disease (drug-eluting stent) Thyrogen®Genzyme TherapeuticsAdjunct to thyroid cancer treatment Velcade®Millennium Pharmaceuticals Inc. Treatment of multiple melanoma

9. THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas Michael J. Dailey, Principal Mike.Dailey@NLPCLLC.com (301) 788-0201