Ignite Technology Transfer NUI Galway Technology Transfer Office Seamus Coyne, Ph.D Neil Ferguson, Ph.D Commercialisation Executives Technology Transfer Office (TTO)

Ignite Technology Transfer NUI Galway Agenda TTO roles & responsibilities TTO commercialisation process NUI,G policy –Distribution of revenues

Ignite Technology Transfer NUI Galway Ensure Identification & Protection of Intellectual Property (IP) Facilitate Research Groups in Identification of –Industrial Partners / Collaborators –Licensees –Financial Backers (e.g., VCs) for spin-out companies Provide policy advise & support for commercialisation of research output Technology Transfer Office - Roles & Responsibilities

Ignite Technology Transfer NUI Galway Support various grant initiatives Manage Incubator labs (23) Manage & develop Bio-incubator labs (5) Technology Transfer Office - Roles & Responsibilities

Ignite Technology Transfer NUI Galway TTO Commercialisation Process

Ignite Technology Transfer NUI Galway The technical assessment defines the inventive concept, its theoretical basis and scope, as well as potential commercial applications and technical value. 1. Technical Description of the Invention Problem / Solution Approach Identification of commercial applications 2. Review current state of the art What’s novel? How might a competitor benefit? Where is the profit advantage? 3. Prototype Development Present and Demonstrate Invention May discover more ideas Technical Evaluation

Ignite Technology Transfer NUI Galway

Market Research Identify Market Segment Size of markets Market trends Regulations & Restrictions Product Sales Identify Competitors How big are they? Who are their partners? How much they invest in R&D? How many Patents? Identify Distribution Channels Who are the distributors? What trade shows do they attend? How are new products introduced to them? What are their profit margins? Commercial Evaluation

Ignite Technology Transfer NUI Galway

Technical Cost of commercialisation Platform Technology Window of Opportunity Stage of development Commercial No. of players in the market Size of market (HPSU) Entry requirements…barriers to entry People Inventors Wishes Business Skills Commercialisation Route

IP Commercialisation

Ignite Technology Transfer NUI Galway License to External Third Party -3 RD Party develops & commercialises technology - Passive Involvement of NUI-G / NUI-G Inventors License to New Spin-out Company -Spin Out develops & commercialises technology - NUIG Inventor goes to Spin-out New NUIG Technology Examples of Technology Transfer Approaches

Ignite Technology Transfer NUI Galway Up-front License Income (upon signing License Agreement) Milestone Payment(s) (upon hitting key agreed targets or milestones) Royalty Income = % of Net Sales or Revenue % of any future License Income [on future sub-licenses of Technology / IP to other 3 rd Party(ies)] Equity Position Dividend payments Ideal License Agreement

Ignite Technology Transfer NUI Galway Goal: create stronger incentive for inventors & faculty participation in technology transfer Distribution of revenue from royalties, other income NUI Galway

Ignite Technology Transfer NUI Galway Any Questions? Thank you