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All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Inventing the Future 2012 Technology Commercialization:

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Presentation on theme: "All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Inventing the Future 2012 Technology Commercialization:"— Presentation transcript:

1 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Inventing the Future 2012 Technology Commercialization: Licensing and Manufacturing Insights Kevin Wozniak Executive Director Industry, International, Innovation

2 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Licensing Tips – Why License Introduce intellectual property into company -Facilitates launch of product(s) -Avoid infringement/strengthen patent portfolio Expand use of your intellectual property -Value in a different industry -Foreign market penetration Universities can be a good resource for IP

3 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Licensing Tips – Beyond Monetization Rights granted -Exclusive vs non-exclusive -Access to source code -Know-how Prohibition of use/fields of use -Product type -Regions Transfer or sublicense rights

4 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Licensing Tips – Beyond Monetization Warranties -IP versus product Limitation on liabilities -Conditions licensor is reasonable Indemnification -Obligation of the parties to “cover cost” -IP infringement -Product ‘failure’

5 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Licensing Tips – Things to Consider Monitoring compliance can be burdensome -Development -Sales/royalty payments Enforcement -Joinder -Can be difficult…and expensive

6 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Licensing Tips – Things to Consider Control -Assignability -Quality control (on products) Use of counsel -IP attorney for IP -Contracts attorney for contracts

7 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Manufacturing Tips Consider IP protection -Not only where you will sell, but where you will manufacture Export control compliance Ensure consistent with license terms

8 All Rights Reserved. GTRC. Atlanta, Georgia 30318 Georgia Tech Integrated Program for Startups Manufacturing Tips Universities are usually not a manufacturer -Specialized equipment can be available but… Look for private/public partnerships -Global Center for Medical Innovation


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