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Technology Transfer: An Alternative Career Path Presented by the Offices of Biotechnology and Business Development __________________________________ May.

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Presentation on theme: "Technology Transfer: An Alternative Career Path Presented by the Offices of Biotechnology and Business Development __________________________________ May."— Presentation transcript:

1 Technology Transfer: An Alternative Career Path Presented by the Offices of Biotechnology and Business Development __________________________________ May 6, 2008

2 “Technology Transfer” Definition Definition “Technology Transfer is the process of transferring scientific findings from one organization to another for the purpose of further development and commercialization.” “Technology Transfer is the process of transferring scientific findings from one organization to another for the purpose of further development and commercialization.” – Association of University Technology Managers – Association of University Technology Managers

3 Our Offices The Office of Biotechnology serves as the Technology Transfer office of the College. The office facilitates licensing of College technology to industry and research collaborations between industry and faculty. The Office of Business Development is focused on capturing and/or developing novel or more aggressive Technology Transfer opportunities.

4 Technology Transfer Offices TTOs can be found where research is conducted TTOs can be found where research is conducted Universities, businesses, non-profit organizations (i.e., NIH, foundations, etc.) Universities, businesses, non-profit organizations (i.e., NIH, foundations, etc.) TTOs can also be referred to as: TTOs can also be referred to as: Office of Industrial Liaison Office of Industrial Liaison Technology Commercialization Office Technology Commercialization Office Science and Technology Ventures Science and Technology Ventures Office of Technology Licensing and Industry Relations Office of Technology Licensing and Industry Relations Business Development Office Business Development Office Academic Liaison Academic Liaison Office of Scientific Affairs Office of Scientific Affairs Department of Translational Research Department of Translational Research …and more… …and more…

5 Typical Structure of a TTO Backgrounds and experiences Backgrounds and experiences Very diverse Very diverse Educational degrees Educational degrees Science, business, law Science, business, law Roles and responsibilities have a lot of cross-over Roles and responsibilities have a lot of cross-over Patenting Assess novelty of invention (prior art searches) Marketing Highlight value proposition of invention and contact appropriate commercial partners Licensing Negotiate agreement terms with commercial partners and draft agreement Director/ Associate Director Patenting (Intellectual Property) MarketingLicensing

6 Structure of Our Offices

7 David Schoenhaut, Ph.D. Assistant Director Interest in new technologies, biotech & pharma industry developments, non-incremental science, & “daily news” Educational background Educational background B.A. Biology (NYU), Ph.D. Biology-Molecular (UPenn) B.A. Biology (NYU), Ph.D. Biology-Molecular (UPenn) Career path Career path Post-doc at Roche Post-doc at Roche “teamwork”, cross-licensing collaborations “teamwork”, cross-licensing collaborations R&D/scientist at big pharma R&D/scientist at big pharma Consultant – Business Development Consultant – Business Development Director, Technology Affairs at start-up biotech Director, Technology Affairs at start-up biotech Academic Technology Transfer at Einstein Academic Technology Transfer at Einstein Benefits and comparison Benefits and comparison

8 David Silva, Ph.D. Sr. Business Development Analyst Educational background Educational background B.S. in Microbiology - UMass at Amherst B.S. in Microbiology - UMass at Amherst Ph.D. in Biochemistry - BU School of Medicine Ph.D. in Biochemistry - BU School of Medicine Factors that influenced career decision Factors that influenced career decision Personal and professional Personal and professional Working in Technology Transfer Working in Technology Transfer Employers, roles, responsibilities, etc. Employers, roles, responsibilities, etc. Industry v. Academia Industry v. Academia Organizations, politics, responsibilities, etc. Organizations, politics, responsibilities, etc. Responsibilities at Einstein Responsibilities at Einstein

9 Final Thoughts Technology Transfer Technology Transfer Provides a personally rewarding and challenging career Provides a personally rewarding and challenging career Resides at the intersection of business/law/science-engineering Resides at the intersection of business/law/science-engineering Requires both business skills/common sense as well as effective communication skills Requires both business skills/common sense as well as effective communication skills Offers diverse projects and playing diverse roles within their organizations/employers Offers diverse projects and playing diverse roles within their organizations/employers Has potential to make a large positive impact! Has potential to make a large positive impact! Is this a career path you should consider? Is this a career path you should consider?

10 Advice & Tips Acquaint yourself with patents and their significance Acquaint yourself with patents and their significance Collaborate on industry projects (if possible) Collaborate on industry projects (if possible) Work in area of medical applications/drug discovery Work in area of medical applications/drug discovery Emphasize biomedical vs. biological research Emphasize biomedical vs. biological research Mammalian systems Mammalian systems Engage in multidisciplinary projects Engage in multidisciplinary projects Develop concise technical & business communication skills (written and spoken) Develop concise technical & business communication skills (written and spoken)

11 Additional Resources Association of University Technology Managers (www.autm.net) Association of University Technology Managers (www.autm.net)www.autm.net Licensing Executives Society (www.usa- canada.les.org) Licensing Executives Society (www.usa- canada.les.org)www.usa- canada.les.orgwww.usa- canada.les.org US Patent and Trademark Office (www.uspto.gov) US Patent and Trademark Office (www.uspto.gov)www.uspto.gov Biotechnology Industry Organization (www.bio.org) Biotechnology Industry Organization (www.bio.org)www.bio.org Journal of Technology Transfer (http://www.springerlink.com/content/ ) Journal of Technology Transfer (http://www.springerlink.com/content/ )http://www.springerlink.com/content/ http://www.springerlink.com/content/ New York Biotechnology Association (www.nyba.org) New York Biotechnology Association (www.nyba.org)www.nyba.org

12 Technology Transfer Internship Program (T 2 IP) Open to Ph.D. students that have (or will have) submitted theses prior to June 2009 Open to Ph.D. students that have (or will have) submitted theses prior to June 2009 Gain Technology Transfer knowledge and business development experience Gain Technology Transfer knowledge and business development experience Unpaid position with flexible hours Unpaid position with flexible hours Program expected to run from mid-June to mid-September Program expected to run from mid-June to mid-September Applications are due no later than Thursday, May 28, 2009 Applications are due no later than Thursday, May 28, 2009 Additional information can be found at: Additional information can be found at: NEW

13 Thank You Any Questions? Offices of Biotechnology and Business Development 1300 Morris Park Avenue Room 908, Belfer Building Tel: (718) Fax: (718)


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