Technology Commercialization - Academic Senateand commercial proof-of-concept, reduces risk and...

Technology Commercialization

• Who we are

• What we do and why (Federal and State statutes)

• Relationship to research; cost-benefit

• Relationship to other campus innovation and entrepreneurship programs

• What’s working/ what’s not

AGENDA


Mission

“To accelerate the translation and transition of innovative technologies from academia to the clinic and market for public

benefit”

Research and Discovery

Technology Transfer

New Products and Services

MISSION


WSU TECHNOLOGY

COMMERCIALIZATION

…Stewardship and Value Creation for WSU

Research and Innovation

TECHNOLOGY COMMERCIALIZATION

IMPACT


Created a new era in tech transfer and commercialization of technologies at research institutions

Universities elect to retain title

Patent and commercialize for public benefit

Government reporting

File for patent or other “protection”

Grant limited license to the U.S. Government

Cannot assign an invention to another entity

Promote utilization/commercialization and public availability

Must share any royalty with faculty inventors

Remaining royalty for research and education

Preference for small business; US manufacturing

Bayh-Dole ActBAYH-DOLE ACT ( 1980)


UNIVERSITY RESEARCH TO……

6Blue LED

BLOCKBUSTER PRODUCTS /COMPANIES

DRIVING THE INNOVATION ECONOMY

AUTM, 2017

MissionMISSION


Louis Berman (2003) RMR 13, 28-37


ACADEMIC AND INDUSTRYMISSION PERSPECTIVES

Under Management :

a) Commercialization IP protection, marketing; licensing; venture (start-up) creation

b) Material transfer agreements c) Data use agreements d) Industry Sponsored research agreements

COMPLIANCE -Federal and State regulations (including reporting ( iEdison))Agency requirements Non-profit status


STEWARDSHIP: ROLES AND RESPONSIBILITIES

Mines

Existing Company

START-UP

Basic Research

TranslationalResearch

Proof ofConcept

Commercial Positioning

Start-UpFormation Expand/Scale

Mine and protect the institutional IP assets, advances the technology through technical and commercial proof-of-concept, reduces risk and increases investment

Creates value through gap funding, mentoring, networks

TECHNOLOGY COMMERCIALIZATION PROCESS


• “Ownership” : WSU owns inventions and Intellectual property developed by employees of the university *

• University pays patent expenses

• Revenue sharing: Net royalties is shared between the other institutions (if co-owned), inventor, department and university

• University supports faculty entrepreneurs/ founders (in accordance with Conflict of Interest policies)

* Ownership does not extend to student invention/intellectual property in the absence of the use of university resources

WSU POLICIES AND PROCEDURES


WSU ROYALTY DISTRIBUTION


• “Ownership” : WSU owns inventions and Intellectual property developed by employees of the university *

• University pays patent expenses

• Revenue sharing: Net royalties is shared between the other institutions (if co-owned), inventor, department and university

• University supports faculty entrepreneurs/ founders (in accordance with Conflict of Interest policies)

* Ownership does not extend to student invention/intellectual property in the absence of the use of university resources

WSU POLICIES AND PROCEDURES


FACULTY AND START-UPS


Source: Bloomberg.com “Billions at Stake in University Patent Fights” May 24, 2016

EXPECTATIONS, EXPECTATIONS, EXPECTATIONS….



TECH TRANSFER LIFECYCLE

1 week

Provisional PCT/ NationalizationIP

Costs $3,500 - $8,000 $10,000 -$30,000

DisclosureInitial

EvaluationComprehensive

EvaluationPatent

ProsecutionCommercialization

On-Going Patent Costs

$5,000 -$10,000+

4 mo. 1-3 years > 3 years 1-2 years

WSU Investment

COMMERCIALIZATION PROCESS


Metric

2009-2013

(Avg) 2014 2015 2016 2017 2018

Disclosures 55 61 69 65 70 50

Patent applications (U.S.) 51.6 88 68 59 62 54

Patent applications (foreign) 26 29 10 1 4 6

Patents issued (U.S.) 10.4 17 24 22 22 19

Patents issued (foreign) 7.4 3 4 2 5 7

Patent expenses* $1,162,511 $1,323,987 $1,106,512 $1,102,146 $1,061,956 $873,609

Licenses (Options & Licenses) 6.4 8 4 17 6 11

Start-up companies 1.6 2 3 5 1 4

Revenues $733,828 $456,336 $695,000 $1,067,334 $663,606 $979,584

Material Transfer Agreements 188 115 181 188 181

Non-Disclosure Agreements 50 43 32 25 19

Data Use Agreements 2 1 2 31 26

METRICS


VALUE CREATION


Technology DevelopmentIncubator (TDI)

Michigan Translation Accelerationand Commercialization (M-TRAC)

Mentors (MIR)

Innovation Fellows

RESEARCH TECHNOLOGY

START-UP

Basic Research

TranslationalResearch

Proof ofConcept

Commercial Positioning

Start-UpFormation

Expand/Scale

EST. COMPANY

TC INNOVATION PROGRAMS


PoC Funding

PROGRAM FUNDING SOURCE AMOUNT

Tech. Develop. Incubator

Proof-of-Concept

Innovation Fellows

Mentors

M-TRAC (Med Devices)

New Economy Initiative

(2013-2017)

Tech Transfer Talent Network

(2012-2019)

MEDC(2015-2019)

WSU match

$2,400,000

$331,00

$1.1M

$1.2M

MTRAC Hub

(Advanced Computing )

MEDC (2019-2020)

Match

$250,000/yr

$250,000/yr

INNOVATION PROGRAM FUNDING


INNOVATION PROGRAMS IN ACTION



Research Technology Commercialization

Basic Translational Proof of Concept Commercial Positioning Start-UpBasic Translational Proof of Concept Commercial Positioning Strategic Partnership

NANOFIBERS AND NANOWIRES

NSF

TDI

$25K MIR

NSF: $200K

MIR

NSF I-Corps, $50K

ANI, INC

STTR

MTRAC

$100KTDI/T3N TDI/T3N



Start-ups

48 Projects

9

Innovation Fellows

22Innovation

Fellows

64 Trainees

96 events

Return on Investment

8X ROI

$17.0MFollow-on

Program Awards

NSF iCorps

2

Team Awards

Outreach

1,800+ Attendees

SBIR/STTRs

5 Awards

$2.7M

INNOVATION PROGRAM IMPACT (2013-2018)


Spin-outCompanies

NIH c3i

1

Team Award

$2.1M

COST-BENEFIT ANALYSIS


2013-2018

2018

2013=2013-2018

TC Investment in Research and ROI

WSU TECHNOLOGY COMMERCIALIZATION TRAINING AND ENTREPRENEURSHIP

Research Student Education;Entrepreneurship CertificateBELL Incubator

Student education; Funding select technologies(Anderson Institute)

FacilitiesCompany coaching Convening

Innovation FellowsBusiness of Biotech Innovation Honors Program (Biomedical)

University-Wide

Benefits to SocietyRoyalty Return

WSU INNOVATION & ENTREPRENEURSHIP

Positives:• Upward trend in metrics • Success of Innovation Programs • New recruitments

Challenges:• Resource and budget constraints• Institutional processes and culture • Identity crisis; • no direct link to alumni base

WHAT’S WORKING WHAT’S NOT


QUESTIONS ?

Technology Commercialization - Academic Senateand commercial proof-of-concept, reduces risk and...

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