1. University Technology Transfer: Issues and Opportunities Mark Crowell Research Administration for Scientists (T. Quigg) 7 December 2001

2. GOALS OF OTD Manage UNC’s intellectual property assets; Protect and serve rights and interests of university and its faculty; Facilitate the passage of research innovations into the marketplace for the public good; Generate a growing source of funds to support the university, its faculty and the research enterprise; and Connect the university to economic development.

3. POLICY FRAMEWORK n Bayh-Dole Act (1980) n UNC Patent and Copyright Policy n UNC-CH Patent and Copyright Procedures n UNC System Conflict of Interest / Commitment Policy IRS and related regulations

4. OTD Services / Programs On-line invention reporting and marketing system Invention Evaluation Manage Patenting Process Invention Marketing and Licensing Research Support and Funding (Resource Development) Business Development (Start-Up Companies) Economic Development

5. Current OTD Deal Flow 120+ invention reports per year ~$1.4 M in invention revenue 69 license agreements Royalties shared w/ inventors (40%) and departments (40%) (OTD gets 20%) 12 start-up companies in 2000-2001

6. OTD Licensing Strategies Market to / partner with existing companies Typically convey patent rights in return for research support, royalties, patent costs, etc. Diligence, field of use, related terms ensure maximum technology deployment Effective way to build partnerships, transfer technology - will always be bread and butter

7. New Directions: Start-Ups / Faculty Entrepreneurs License remains tech transfer mechanism University / faculty entrepreneur create new company to commercialize technology Equity provided to university & inventor(s) Faculty often involved as consultants/advisors OTD helps develop business plan, locate venture capital, recruit management, find space, etc., etc.

8. Start-Ups: Advantages Build/maintain value for IP; can ensure maximum technology development Enhances faculty & student recruitment/ retention/ satisfaction Builds new wealth among university friends Promotes job creation, economic development, expanded tax base Aggressively pursue other university objectives

9. ETHICAL / CONFLICT ISSUES n Designating inventorship (vs. authorship) -- (protection of grad students / junior faculty; protection of patent) n Ownership of inventions / data (So. Fla. case) n Freedom to publish following reasonable delay (UCSF synthroid case) n Sharing of research materials (materials transfer agreement articles) n Patenting / marketing / use of genetic material (article on ownership of material) n Conflict of interest for faculty entrepreneurs n Insider trading concerns (Columbia prof., Wayne St. prof.)