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Patents and Partnerships Brian Darmody Assistant Vice President for Research and Economic Development University of Maryland.

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Presentation on theme: "Patents and Partnerships Brian Darmody Assistant Vice President for Research and Economic Development University of Maryland."— Presentation transcript:

1 Patents and Partnerships Brian Darmody Assistant Vice President for Research and Economic Development University of Maryland

2 Overview University patent tech transfer is difficult: random faculty disclosures, uncertain returns, immature technology, patent maintenance, technology overtaken Contrary to popular perception, most universities lose money on their tech transfer offices Patent licensing too narrow of a lens to view what research universities have to offer private sector Hewlett-Packard did not have a single technology license with Stanford University but had a significant partnership

3 Overview of University of Maryland Member of American Association of Universities (AAU) UM student body: Both large and selective: 35,000 students; average freshman GPA 3.8/SAT 1290 Host the region’s largest annual technology transfer event: graduation UM ranked among top 20 public universities nationally, with particular strength in business, engineering, computer science, physics, and math $350 million in annual R&D spending Significant and growing partnership with federal laboratories Numerous outreach services to industry and start-up companies

4 Patents And Beyond : Office of Technology Commercialization-patent licensing/spin outs M Square Research Park Technology Incubator Faculty Consulting Industrial Affiliate Programs: Electronic Packaging Center Technology Extension Service Entrepreneurship Programs: Student Entrepreneurs Residence Hall

5 Tech Transfer Issues Metrics of Success? AUTM data doesn’t measure full costs of licensing and doesn’t measure full benefits of partnerships Think Globally, Act Globally –Fujitsu Labs of America in College Park, Maryland –Fraunhofer Center for Software Engineering –Joint Center for Global Change Research

6 Maryland Industrial Partnerships Program (MIPS) The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by providing matching funds for collaborative R&D projects between companies and University System of Maryland faculty.

7 Bioprocess Scale Up Facility Bioprocessing -- the Bioproces Scale-Up Facility (BSF): The BSF offers a broad range bioprocess scale-up and production services, including fermentation, cell culture, separation, purification and product analysis,. The BSF's capabilities include up to 250- liter fermentations. Past clients have included Martek Biosciences, MedImmune, Human Genome Sciences, NIH, Digene, NIST, and the US Army. MoreMore

8 Bioscience Industry Review Day November 5, 2004 at the Stamp Student Union Keynote Address by Bruce Alberts, President, National Academy of Sciences “Great Opportunities in Biology: The Role of the National Academies” Keynote Over 100 poster session with professors/grad students at lunch Research reviews/lab tours Employee recruitment sessions

9 Third Annual Technology Startup Boot Camp Learn how to build successful ventures around good technologies at this day-long workshop When: October 25, 2004, 8:30 a.m. - 4:00 p.m. Where: Clarice Performing Arts Center What you'll learn: Explore technology entrepreneurship fundamentals, such as: Evaluating your ideas Defining needs and identifying customers Licensing Legal considerations Finding the money Perfecting your business plan You'll also have the chance to network with the people who can help make your ideas a reality. The Boot Camp is taught by leaders in the regional venture capital, legal and entrepreneurship service communities.

10 $20 Million Venture Fund to Invest in Baltimore-Washington, D.C. Region SBA Initiative Targets High-Growth Companies in Distressed Neighborhoods New Markets Growth Fund (NMGF) has closed a $20-million venture capital fund to invest in early and expansion stage companies, primarily located in economically distressed sections of Maryland, Virginia, and Washington, D.C. Investors in the NMGF include public entities, private institutions, and high net worth individuals. The fund’s investors include: CapCity Ventures (which includes National Capital Revitalization Corporation, BB&T Bank and Southern Financial Bank), M&T Bank, Capital One, Chevy Chase Bank, MBNA, Farmers & Mechanics Banks, Sandy Spring Bank, Empower Baltimore, the Calvert Group, National Cooperative Bank, Baltimore Development Corporation, the State of Maryland, the University of Maryland’s Smith School of Business, and several of the region’s top angel investors and the fund management company.

11 Public-Private Partnerships In this set of initiatives, the NIH Roadmap will establish a central point of contact called the Director’s Liaison for Public-Private Partnerships. To expand such collaborations, the liaison will serve as a resource to NIH staff on such partnerships, share best practices across the NIH and chair an internal Public-Private Partnerships Coordinating Committee. With an eye toward keeping pace with changes in the business sector and dealing with concerns about intellectual property, patents and licensing rights, the liaison working with the Coordinating Committee, will regularly review existing partnership mechanisms and recommend any necessary changes in policies, regulations or legal authorities to achieve NIH’s objectives. “Lessons learned” will be communicated so that partnerships will become more efficient and effective.

12 Fear the Turtle! Thank You Brian Darmody Assistant Vice President for Research and Economic Development University of Maryland One Stop Shop for Business Assistance 301-405-1990

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