University of Connecticut Office of Technology Commercialization (OTC) Commercialization - Technology Transfer at UConn.

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Presentation transcript:

University of Connecticut Office of Technology Commercialization (OTC) Commercialization - Technology Transfer at UConn

Why Commercialize? Inventor: –To see invention used –To obtain research support and personal reward University: –To benefit the public –To reward, retain and recruit faculty –To contribute to CT’s economic development Federal Government: Federal Government: –To see the taxpayers benefit from their tax dollars Commercial Partner: –To obtain a commercial advantage

How is it done? Research, research, research Invention disclosure Patent, if warranted MarketLicense Collect and distribute revenue

Obligation to disclose inventions C.G.S., Sec. 10a – 110b (State Law) … –the employee is obligated, by reason of his employment to disclose his invention fully and promptly to assign to the university his entire right, title and interest to give all reasonable aid in the prosecution of patent applications… –the university is obligated to share with the inventor 20% of net revenue derived therefrom Bayh-Dole Act (Federal Law) –The university by reason of accepting federal research money is obligated to require its faculty and technical staff to disclose and assign inventions.

Revenue Share: 1/3, 1/3, 1/3 After patent and legal fees

Money Distributed Over the Last 5 Years Gross Revenues $5,453,000 Net Revenues $3,456,000 To Inventors $1,210,000 For Research $866,000

Who’s involved? CSTC ( ) Donna Cyr, Ph.D. Chemist - Physical Sci ( ) Mansoor Khan, Ph.D. – Computer Sci Eng. ( ) Gregory Gallo, Ph.D. Molecular Biologist – Life Sci Charles Goodwin, Ph.D. Biochemist, Patent Agent Michael Newborg, Ph.D. Immunologist Margaret Genest, Program Coordinator Pamela Toman, Fiscal Assistant

Criteria for Commercialization A Commercial partner has been identified An established company, or A start-up Relevant market size An enforceable intellectual property position A prototype or proof of principle exists Technically sound

President Michael J. Hogan UNIVERSITY OF CONNECTICUT Office of Technology Commercialization Suman Singha Vice President for Research and Graduate Education Manages a continuum of commercialization services; supports University’s commitment to economic development by developing new initiatives to support technology transfer and technology based economic development. UConn Tech-Knowledge Portal John Hanson, Program Director Liaison for CT entrepreneurs and businesses to access the technical capacity of UConn; facilitates, faculty and student support of venture growth programs. Graduate Assistant Center for Science and Technology Commercialization Michael Newborg, Executive Director Invention Evaluation Patenting Licensing Intellectual Property Management Charles Goodwin, Director Patent Agent Donna Cyr, Director Physical Sciences and CMBE, ME, C&EE Gregory Gallo, Director Life Sciences Mansoor Khan, Director EE & Computer Science Margaret Genest Admin. Program Coordinator Pamela Toman Admin. Fiscal Asst. UConn Research and Development Corporation Board of Directors Mark Van Allen, President Formation of new companies based on UConn Intellectual Property James Heym Senior Director Lisa Pichnarcik Research Admin Asst. UConn Technology Incubation Program Rita Zangari, Executive Director Incubation space and services at Storrs, Avery Point and Farmington Alexandra Litor Associate Director Graduate Assistant Advisor to OTC Ian Hart (25%) Director Industrial Initiatives DRAFT

License Terms Exclusive/non-exclusiveWorldwide/territories All fields of use/restricted fields of use License fees - upfront, annual/milestones Royalties - earned, minimum/sublicense share Know-how, improvements Due diligence EquityOwnership

Examples of Licensees Large Cap Small/Medium Cap Start-ups Boston Scientific ImCorpOPEL Air Products Halozyme Therapeutics MakScientific Syngenta Wellstat Therapeutics Focal Point Microsystems FMC Corp Wolfram Research UConn R&D Corporation