Technology transfer business plan

Stainless steel process equipment has largely given way to disposable systems, facilitating easier and quicker process configurations and up-scaling.

Technology transfer business plan

Finding and Accessing University Technology There are several approaches for identifying appropriate university technology. Thus, establishing contacts in universities either with inventors themselves or through alumni who may now be working in industry represents a significant starting point for successful technology transfer.

By establishing and nurturing such a relationship, a company may develop an ongoing awareness of the university research activity while the research group gains an efficient channel for marketing new results.

It is interesting to note that a shift to more applied research and an increasing number of research programs targeted to specific licensing opportunities has already occurred at several prominent research universities including Columbia University, the University of California and Stanford University.

Patent searches and a routine canvassing of available university technologies present another important source for tech transfer leads. Technology transfer offices generally offer online resources that the industry may use to search for licensing opportunities related to a given business.

After identifying a targeted technology a company may directly contact the appropriate licensing officers and faculty members. However, university tech transfer is not always a straightforward endeavor and there are potential conflicts that companies must be aware of.

Some licensing executives count the nature of university research as the [3] main factor for not licensing-in university inventions: The embryonic and sometimes arcane nature of university research results in the fact that only a small portion of results has the potential to be commercialized or to solve current practical problems.

Entrepreneurs are therefore required to be creative in seeking out inventions that can be implemented as part of their product development and aligned with the business plan at hand.

Inventorship presents another point for scrutiny when planning to invest in an invention associated with university research. Invention ownership should be properly documented and handled by all parties involved, namely the inventors, the OTL and the prospective licensee.

The licensee may accompany the inventor to the OTL in order to get clear and correct legal information regarding ownership of the invention.

technology transfer business plan

While the industry generally strives for profits, is willing to take risks to maximize goals, often strongly protects IP rights and must respond fairly quickly to problems, academic life demands that the faculty emphasize education and service, avoid risk to maintain mission, freely exchange ideas and make decisions carefully through sometimes lengthy committee procedures.

Encouraging faculty members to participate in the process of patenting and marketing a technology may present one way of promoting university IP protection, generating alternative sources of research funding, presenting commercialization difficulties as research topics and generally building a licensing relationship which would benefit both industry and university researchers.

Whether or not federal research funds are involved, a university will insist on licensing terms that require the company to be diligent in developing the invention.

If the company does not comply, especially in the case of an exclusive license, the university generally reserves the right to terminate the license or to grant licenses to other companies. Therefore, a company under an exclusive license is generally obligated to develop products covered by the licensed technology.

For some technologies such as paper drying equipment foreign companies represent the only prospective licensees. One example issue here is that all exclusive licenses obligate the licensee, including foreign companies, to manufacture products substantially in the U.

A number of other stringent regulations exist for foreign investors. According to federal law, universities must also share their royalty income with the inventors. Licensing Agreement Terms In addition to the common licensing agreement, a company may negotiate an industrial contract after reviewing the invention disclosure.

This could be in the form of a material transfer agreement [6]a collaboration agreement, a master agreement or a sponsored research agreement during the early stages of research.

The company may feel that the invention has the potential to solve practical problems and create new or better products but is currently at a too early a stage and needs further development, and that collaboration with university researchers and guidance from the company would ensure a smooth and efficient technology transfer process.

In such a situation the involved funds and expertise may benefit all parties. The amount of licensing fee or royalty is case-specific and decided based on the type of technology, its stage of development, the size of the potential market, the profit margin for the anticipated product, the strength of the patents, the estimated dollar value that has led to the discovery, the projected cost of development needed to complete the product, the scope of the license nonexclusive vs.

A company may take into consideration that the inventions at hand are embryonic and require further research and development before they are ready for the marketplace, thus arguing for a reduction of the licensing fee or royalties based on an increased level of risk involved.

Licensing fees generally range from a few thousand to a few hundreds of thousands of dollars. Some universities such, as the University of California, require licensees to reimburse patent application legal fees.

Some universities will have license issue fees and require companies to pay for ongoing expenses in research and development. Universities may also set a minimum annual royalties payment after a specific period of time, regardless of actual sales.

Universities may also require progress or marketing reports during the licensing period, with a preference for post-sales information. In general, however, keep in mind that licensing terms are case-specific, negotiable and vary from institution to institution.Overview.

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technology transfer business plan

Your agency can report excess personal property for transfer by GSA to other Federal and State Agencies for Surplus Property (SASPs) as well as search for and obtain excess personal.

Get the computer and business skills you need to secure a high-paying, stable career in the medical or general office fields. Pierce College's Business Information Technology program offers two-year associate degrees, as well as one-year certificates. MCC offers the University Transfer Program for students who plan to transfer to a four-year institution.

The University Transfer Program is parallel to the courses taken by freshmen and sophomores at universities and senior colleges. Business supplies | staples business advantage home. Home + Industrial Security + FOCI - Sample Technology Control Plan (TCP). Sample Technology Control Plan (TCP) I.

SCOPE. The procedures contained in this plan apply to all elements of the _____ (insert company name and address). The Technology Program Office administers the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program.

TECHNOLOGY ACQUISITION and TECHNOLOGY TRANSFER - a Step-by-Step Guide