Terese Rakow, PhD. Postdoctoral Career Development Course March 10, 2008
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Transcript of Terese Rakow, PhD. Postdoctoral Career Development Course March 10, 2008
03/10/2008
Terese Rakow, PhD. Postdoctoral Career Development Course
March 10, 2008
Highpoints
What is commercialization What we do Structure varies with school Interaction with Technology Transfer
Office (TTO)
OR
HOW TO WORK WITH YOUR TTO
Inventions to New Products
Scientistdiscovers
new technology & submits disclosure
TTO developscommercialization
and patenting strategy
TTO licenses
technology to company
Company does research/
makes new
products
Company pays license fees and royalties
Federal & industry funding
Notes on Commercialization
Transfer of research discoveries to the marketplace to benefit patients and the public
Faculty are the source of technology. When something is developed in your lab that may have commercial potential contact your TTO.
If you are unsure contact your TTO
Notes on Commercialization
Possible outcomes: License to large pharma or device co. License to small biotech or device co. License to start-up company / venture
group
Not all technologies get licensed
What can be Commercialized
Technology that solves a problem or improves a process:
Cell lines Clones Vectors Research tools Transgenic or knockout animal models Diagnostic probes Therapeutics Devices Software Educational materials
When To Contact TTO
Contact the TTO BEFORE public use, publication or presentation
to help protect against the loss of certain patent rights.
Not all discoveries will be patented.
What We Do
Evaluate technologies for commercial viability
Market technologies to industry Arrange for patent prosecution if needed Negotiate license terms Draft license agreements Coordinate legal review and approval of
license agreements
What We Do (continued)
Receive license income and coordinate distribution
Monitor licensee performance Report technologies to appropriate sources Educate about the licensing process
Some Things Vary
Some schools: Triage Divide work by; technology area,
departments, process stage, agreement type
Patent everything or nothing (or so it seems)
TTO is a foundation or a for-profit VC group or VC fund for start up
Some Things Don’t
The Institution owns data, results, inventions, etc.
This includes notebooks
The goal is a license NOT a patent.
Licenses take time, patents take longer
Relationships
We depend on faculty to communicate new ideas and discoveries
We would rather hear too much, too often; than, too little, too late
Relationships
Caution – do not put too much in writing, ask to meet with your TTO
If a company or attorney contacts you about your research contact your TTO
Don’t commit (license / SRA)
Relationships
The TTO will need to see data. If you have information on market,
science, etc. provide it If you have questions, ask
Relationships
If commercialization is of interest ask to meet with TTO when interviewing for jobs
Learn more about the process
Be Realistic
We do not get points for turning away perfectly good, commercially viable technology
Many things are patentable, but not commercially viable
Be Realistic
It is highly unlikely you will get rich
~1.4% of all licenses generate over $1M in revenue/year
Be Realistic
1 in 10 funded start ups might result in a home run (100’s do not get funded)
3 in 10 might survive
You need to let it go for it to survive
What is in it for Developers
Contribution to healthcare and research Expand collaborations Net income is distributed:
developers department school operations etc.
Other Agreements
Other agreements might be handled by TTO
Confidential Disclosure Agreements
Sponsored Research Agreements
Clinical Trial Agreements
Material Transfer Agreements to academics
Contact Information
Terese Rakow, Ph.D.Sr. Licensing AssociateBaylor Licensing Group
Baylor College of Medicine713 798-6821 phone
713 798-1252 faxwww.bcm.edu/blg/
Physical location: BCMD-600D - Jewish Wing
Questions?