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Risk Reduction Budget Request Presentation. Risk Reduction Budget Requests For our Risk Reduction group, we will outline the following line items for.

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Presentation on theme: "Risk Reduction Budget Request Presentation. Risk Reduction Budget Requests For our Risk Reduction group, we will outline the following line items for."— Presentation transcript:

1 Risk Reduction Budget Request Presentation

2 Risk Reduction Budget Requests For our Risk Reduction group, we will outline the following line items for budget approval: For our Risk Reduction group, we will outline the following line items for budget approval: Payroll Payroll Patent Attorney Patent Attorney Licensing Fees Licensing Fees Patent Processing Fees Patent Processing Fees

3 Payroll Outline As per our conversation (1/6/04) with our Business Development Advisor Sandra Matalonis of NEOSE, we have composed yearly salaries for our risk reduction officers. As per our conversation (1/6/04) with our Business Development Advisor Sandra Matalonis of NEOSE, we have composed yearly salaries for our risk reduction officers. We need a total of $750,000 a year for our departmental payroll. We need a total of $750,000 a year for our departmental payroll.

4 Payroll Director of Business Development: $125,000 a year. Director of Business Development: $125,000 a year. Director of Licensing: Director of Licensing: $125,000 a year. Staff Analysts (10): Staff Analysts (10): ($50,000 each) $500,000 a year total. TOTAL: $750,000 a year. TOTAL: $750,000 a year.

5 Patent Attorney Corporate Patent Attorney (different from a corporate attorney due to Bar restrictions) Corporate Patent Attorney (different from a corporate attorney due to Bar restrictions) Payroll- $150,000 a year Payroll- $150,000 a year Employment Options: Employment Options:  Travel to Washington, DC monthly.  Work in Washington, DC

6 Patent Attorney Option #1 Must travel to DC 2 times a month to research at USPO. Must travel to DC 2 times a month to research at USPO. As per Expedia.com: As per Expedia.com: Flight from Newark to Dulles + Hotel 2 nights + car rental fees = $843 a trip Flight from Newark to Dulles + Hotel 2 nights + car rental fees = $843 a trip $843 X 2 trips a month = $1,686 a month $843 X 2 trips a month = $1,686 a month $1,686 X 12 months = $20,232 a year $1,686 X 12 months = $20,232 a year (BAD OPTION) (BAD OPTION)

7 Patent Attorney Option #2 Maintain office in DC to conduct research at USPO. Maintain office in DC to conduct research at USPO. Furnished office rental As per Washington Post classified ad dated 1/6/04: Furnished office rental As per Washington Post classified ad dated 1/6/04: “BAILEYS XROADS --Ofcs. Furn, DSL, centr loc, ample prkg. Recp area/conf rm. Ideal for lawyers. Starting at $499.” “BAILEYS XROADS --Ofcs. Furn, DSL, centr loc, ample prkg. Recp area/conf rm. Ideal for lawyers. Starting at $499.” $499 a month X 12 = $5,988 a year. $499 a month X 12 = $5,988 a year. (GOOD OPTION) (GOOD OPTION)

8 Patent Attorney Total Payroll: $150,000 a year Payroll: $150,000 a year Office Expense: $5,988 a year Office Expense: $5,988 a year Total= $155,988 a year Total= $155,988 a year

9 Licensing Fees With Projected Sales of $10 Million… With Projected Sales of $10 Million… To in-license three technologies: To in-license three technologies: Upfront Fees (1% projected sales) Upfront Fees (1% projected sales) 1% = $100,000 1% = $100,000 $100,000 x 3 technologies= $300,000 $100,000 x 3 technologies= $300,000 Royalties on sales (% of projected yearly sales) Royalties on sales (% of projected yearly sales) Films (0.25% annually) = $25,000 Films (0.25% annually) = $25,000 Design (0.25% annually) = $25,000 Design (0.25% annually) = $25,000 Lens (0.5% annually) = $50,000 Lens (0.5% annually) = $50,000 TOTAL= $100,000 TOTAL= $100,000 Licensing Fees = $400,000 annually Licensing Fees = $400,000 annually

10 Patent Processing Fees We plan to file fifty design patents on our glasses per year We plan to file fifty design patents on our glasses per year $ 340 (application fee) X 50 patents= $17,000 yearly $ 340 (application fee) X 50 patents= $17,000 yearly We plan to file five general patents on our novel technologies per year We plan to file five general patents on our novel technologies per year $ 770 (application fee) X 5 patents= $ 770 (application fee) X 5 patents= $3,850 yearly $3,850 yearly TOTAL PATENT PROCESSING FEES $20,850 yearly

11 Risk Reduction Budget Recap Payroll: $750,000 Payroll: $750,000 Patent Attorney: $155,988 Patent Attorney: $155,988 Licensing Fees:$400,000 Licensing Fees:$400,000 Patent Processing Fees: $ 20,850 Patent Processing Fees: $ 20,850_________________________________ TOTAL: $1,305,988 TOTAL: $1,305,988


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