Presentation is loading. Please wait.

Presentation is loading. Please wait.

Campus-Wide Business Managers Meeting Thursday August 19 th, 2010 Richard Magid, Vice President.

Published byBranden Fox Modified over 9 years ago

Similar presentations

Presentation on theme: "Campus-Wide Business Managers Meeting Thursday August 19 th, 2010 Richard Magid, Vice President."— Presentation transcript:

1 Campus-Wide Business Managers Meeting Thursday August 19 th, 2010 Richard Magid, Vice President

2 The Role of UTRF Our Mission Protect, manage and commercialize UT inventions Support the UT research enterprise Develop and support an entrepreneurial culture Contribute to state and regional economic development Our goal is to find partners for all viable inventions A partner strongly committed to turning the invention into a marketed product. A partner with the financial and personnel resources to develop, manufacture, and sell the product. A partner who is willing to pay the university a fair price for the invention.

3 UTRF Services Technology evaluation (formal and informal) Patent prosecution Licensing agreements (startups and others) Register copyrights or trademarks Material transfer agreements Sponsored research agreements Royalty collection and distributions Confidentiality Agreements Entrepreneurship education Annual maturation grant competition

4 How is UTRF Doing? In FY2009: 3 new start-up companies 12 new commercialization agreements 31 new inventions 51 applications filed in U.S. Patent & Trademark Office 26 patents issued 93 Material Transfer Agreements $1,104,000 in license-related revenues collected $492,000 distributed to inventors in formula-based revenue sharing $1,000,000 in industrial research awards via UTRF $388,000 invested to perfect intellectual property rights $75,000 invested in technology development $3.02 ROI to UTHSC on each dollar allocated to UTRF

5 What is an invention? Research tool New drug New treatment using existing drugs Medical device Biomarker Diagnostic test Each of these will have a different value, but they all can be commercialized. Almost anything can be an invention.

6 Working with UTRF Prepare Invention Disclosure (http://utrf.tennessee.edu or contact UTRF)Prepare Invention Disclosure (http://utrf.tennessee.edu or contact UTRF) Submit disclosure to Research AdministrationSubmit disclosure to Research Administration Prepare Invention Disclosure (http://utrf.tennessee.edu or contact UTRF)Prepare Invention Disclosure (http://utrf.tennessee.edu or contact UTRF) Submit disclosure to Research AdministrationSubmit disclosure to Research Administration Inventor Disclosure evaluated for conflicts or sponsor obligationsDisclosure evaluated for conflicts or sponsor obligations Invention assigned to UTRF for commercializationInvention assigned to UTRF for commercialization Disclosure evaluated for conflicts or sponsor obligationsDisclosure evaluated for conflicts or sponsor obligations Invention assigned to UTRF for commercializationInvention assigned to UTRF for commercialization UTHSC Disclosure evaluationDisclosure evaluation - Assigned to case manager who talks to PI, studies invention - Assessed for novelty, protectability, and commercial potential - Go/no-go decision made and communicated back to inventor Patent attorney selected to draft patent applicationPatent attorney selected to draft patent application Manager prepares marketing material (with input from PI) and starts marketing the technology to potential licenseesManager prepares marketing material (with input from PI) and starts marketing the technology to potential licensees License is negotiatedLicense is negotiated Active licenses are monitored to assure compliance by licenseeActive licenses are monitored to assure compliance by licensee Disclosure evaluationDisclosure evaluation - Assigned to case manager who talks to PI, studies invention - Assessed for novelty, protectability, and commercial potential - Go/no-go decision made and communicated back to inventor Patent attorney selected to draft patent applicationPatent attorney selected to draft patent application Manager prepares marketing material (with input from PI) and starts marketing the technology to potential licenseesManager prepares marketing material (with input from PI) and starts marketing the technology to potential licensees License is negotiatedLicense is negotiated Active licenses are monitored to assure compliance by licenseeActive licenses are monitored to assure compliance by licensee UTRF

7 UTRF Evaluation Criteria Technical Merit What data is there on the invention? Is there a prototype? Is the invention in a “Hot” area? Is this a core or platform technology, or is it an incremental advance? Protectability Prior public disclosure? Extent of prior art? Could infringement be detected? Would there be freedom to operate? How broad could a patent be? Commercial Potential Is there a clear product? Does it solve a significant problem? Will the customer pay for it? What is the market size? What are competitive products? Who are likely licensees? What are legal and regulatory barriers? Inventor What industry relationships does the inventor have? What is the funding status for further research on the invention? Has UTRF worked with the inventor before? If so, what was the outcome? What does the inventor want?

8 Average Life of a Technology Invention Disclosure Provisional patent application License / 1 st Revenue Full patent application Not novel Small market Low need Prior art Low interest Fallout Reason New data (UTRF Data) 9 months Average Time 1 month 15 months 30 months Market rejection Development failure

9 Royalty Sharing UTRF covers all expenses (patents, legal fees, marketing) and no money is ever asked of the inventor or the originating unit. Revenue*InventorUTHSCDepartmentUTRF 1 st $5000100%0% $5K-$1M40%15% 30% $1M+35%20% 25% * The inventor receives 100% of the first $5000 of gross revenue, but all other distributions refer to net revenue (i.e., after UTRF expenses are subtracted).

10 UTRF: HSC Office Executive Committee –Dick Gourley (Chair) –Larry Pfeffer (Faculty) –David Stevens (External) –Frank Chan (External) –Karl Schledwitz (Trustee) Executive Committee –Dick Gourley (Chair) –Larry Pfeffer (Faculty) –David Stevens (External) –Frank Chan (External) –Karl Schledwitz (Trustee) Advisory Board –Bernd Meibohm (Pharm) –Audrey Zucker-Levin (Allied HS) –Steve Bares (Memphis Bioworks) –Franklin Garcia-Godoy (Dentistry) –Mona Wicks (Nursing) –Darryl Quarles (Medicine) Advisory Board –Bernd Meibohm (Pharm) –Audrey Zucker-Levin (Allied HS) –Steve Bares (Memphis Bioworks) –Franklin Garcia-Godoy (Dentistry) –Mona Wicks (Nursing) –Darryl Quarles (Medicine) Vice President – Richard Magid UTRF Staff –Lakita Cavin (staff attorney/licensing) –Janet Ralbovsky (licensing associate) –Marcia Phillips (office administrator) –Joy Fisher (marketing) UTRF Staff –Lakita Cavin (staff attorney/licensing) –Janet Ralbovsky (licensing associate) –Marcia Phillips (office administrator) –Joy Fisher (marketing)

11 Contacts Richard Magid, Ph.D. rmagid1@uthsc.edu x8-1562 Lakita Cavin, J.D., Ph.D. lcavin@uthsc.edu x8-7827 Janet Ralbovsky, Ph.D. jralbovs@uthsc.edu x8-1146 Office: 910 Madison, Suite 827 x8-7825 http://utrf.tennessee.edu

Download ppt "Campus-Wide Business Managers Meeting Thursday August 19 th, 2010 Richard Magid, Vice President."

Similar presentations

Summary Slide Management of Intellectual Property Rights Enterprises, R&D Organizations and Universities Wayne H. Watkins - University of Akron.

Summary Slide Management of Intellectual Property Rights Enterprises, R&D Organizations and Universities Wayne H. Watkins - University of Akron.
Managing Intellectual Property Assets in International Business Anil Sinha, Counsellor, SMEs Division World Intellectual Property Organization (WIPO)

Managing Intellectual Property Assets in International Business Anil Sinha, Counsellor, SMEs Division World Intellectual Property Organization (WIPO)
Cambridge Enterprise Commercialisation of technology out of University of Cambridge Sénat Delegation 14 March 2006 Boris Bouqueniaux.

Cambridge Enterprise Commercialisation of technology out of University of Cambridge Sénat Delegation 14 March 2006 Boris Bouqueniaux.
Technology and Economic Development Intellectual Property Issues in Research Jim Baker Director Office of Technology and Economic Development

Technology and Economic Development Intellectual Property Issues in Research Jim Baker Director Office of Technology and Economic Development
Intellectual Property Rights Margaret Lawlor Business Development Manager Faculty of Medical Sciences 2015 copyright©NewcastleUniversity 2015.

Intellectual Property Rights Margaret Lawlor Business Development Manager Faculty of Medical Sciences 2015 copyright©NewcastleUniversity 2015.
LOWER SHORE TECHNOLOGY TRANSFER SYMPOSIUM Bringing the Benefits of Discovery to the World MAY 23, 2012 Wesley D. Blakeslee Executive Director Johns Hopkins.

LOWER SHORE TECHNOLOGY TRANSFER SYMPOSIUM Bringing the Benefits of Discovery to the World MAY 23, 2012 Wesley D. Blakeslee Executive Director Johns Hopkins.
So you’ve invented something? A Guide for UMass Faculty, Researchers and Students.

So you’ve invented something? A Guide for UMass Faculty, Researchers and Students.
Intellectual Property and Technology Transfer Ron Huss, Ph.D., Associate Vice President of Research and Technology Transfer Michael Brignati, Ph.D., J.D.,

Intellectual Property and Technology Transfer Ron Huss, Ph.D., Associate Vice President of Research and Technology Transfer Michael Brignati, Ph.D., J.D.,
EXPRESS LICENSE AGREEMENTS Ted Hagelin Crandall Melvin Professor of Law Kauffman Professor of Entrepreneurship and Innovation Director, NY Science & Technology.

EXPRESS LICENSE AGREEMENTS Ted Hagelin Crandall Melvin Professor of Law Kauffman Professor of Entrepreneurship and Innovation Director, NY Science & Technology.
The Catholic University of America Office of Technology Transfer Office of Technology Transfer Commercialization of CUA-Developed Technologies February.

The Catholic University of America Office of Technology Transfer Office of Technology Transfer Commercialization of CUA-Developed Technologies February.
Technology Transfer University of Colorado Denver Rick Silva, Ph.D., M.B.A. -- Director Senior Licensing Managers David Poticha, M.S., J.D. Paul Tabor,

Technology Transfer University of Colorado Denver Rick Silva, Ph.D., M.B.A. -- Director Senior Licensing Managers David Poticha, M.S., J.D. Paul Tabor,
Industry – University Transactions: Protecting Competitive Corporate Advantage Varda N. Main Director, Technology Licensing Rochester Institute of Technology.

Industry – University Transactions: Protecting Competitive Corporate Advantage Varda N. Main Director, Technology Licensing Rochester Institute of Technology.
Conflict of Interest and Technology Transfer Sherrie Settle Assistant Director, Research Compliance Program Institutional Conflict of Interest Officer.

Conflict of Interest and Technology Transfer Sherrie Settle Assistant Director, Research Compliance Program Institutional Conflict of Interest Officer.
Technology Transfer at UIC © 2009 by the Board of Trustees of the University of Illinois Presentation to the Software Commercialization Symposium April.

Technology Transfer at UIC © 2009 by the Board of Trustees of the University of Illinois Presentation to the Software Commercialization Symposium April.
1 Technology Assessment Committees – Choosing the Optimal Structure Varda N. Main Director, Technology Licensing Office LES 2004 Annual Meeting Boston,

1 Technology Assessment Committees – Choosing the Optimal Structure Varda N. Main Director, Technology Licensing Office LES 2004 Annual Meeting Boston,
Managing the Technology Transfer and Commercialization Process Best thing since sliced bread.

Managing the Technology Transfer and Commercialization Process Best thing since sliced bread.
Intellectual Property: Kenneth Kirkland, Ph.D. Executive Director, Iowa State University Research Foundation (ISURF) Director, Office of Intellectual Property.

Intellectual Property: Kenneth Kirkland, Ph.D. Executive Director, Iowa State University Research Foundation (ISURF) Director, Office of Intellectual Property.
Iowa State University Research Foundation, Inc. (ISURF) and the Office of Intellectual Property and Technology Transfer (OIPTT) Kenneth Kirkland, Executive.

Iowa State University Research Foundation, Inc. (ISURF) and the Office of Intellectual Property and Technology Transfer (OIPTT) Kenneth Kirkland, Executive.
Iowa State University Technology Protection and Licensing.

Iowa State University Technology Protection and Licensing.
Wyoming Research Products Center Intellectual Property and Licensing Services Senator Enzi’s Inventors Conference April 12, 2008 Davona K. Douglass, Acting.

Wyoming Research Products Center Intellectual Property and Licensing Services Senator Enzi’s Inventors Conference April 12, 2008 Davona K. Douglass, Acting.

Similar presentations

Ads by Google