TRL and Technology Commercialization Theresa Baus Naval Undersea Warfare Center Division Newport, RI

Funding Mechanisms to Increase TRL Use of royalty funds at lab (if available) – Competitive process preferred Market technology development opportunities to state and local funding agencies – Most need to fund a company – Increases ties to local industry and government

Prioritization of Technologies for Commercialization Prioritizing investment opportunities – Get some early wins to feed the system – Need to do homework on market sizes, existing players, potential advantages of new technology – Unrealistic to fund all – Not all inventions are worth pursuing to final implementation

University Statistics $1.5-3M/inv disc ~50% of disclosures filed ~15% of patents licensed ~1-2% of licenses generate significant revenues Disclosure 1 Disclosure 2 Disclosure N Adapted from Tech Transfer Benchmarking by Alan Thomas, Univ of Chicago 2007 Pat 1 Pat 2 Licensed Patents