benefits of technology transfer versus company ip
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Benefits of Technology Transfer Versus Company IP. Presented by: Michael J. Dailey, Principal Next Level Performance Consulting LLC. Research Funding Background. In 2002 the Economist called the Bayh/Dole Act of 1980 - PowerPoint PPT PresentationTRANSCRIPT
THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas
Benefits of Technology Transfer Versus Company IP
Presented by:
Michael J. Dailey, Principal
Next Level Performance Consulting LLC
THINK BIG win the world ▪ ACHIEVE the highest results ▪ MAKE the most of your ideas
Research Funding Background
In 2002 the Economist called the Bayh/Dole Act of 1980
“. . . possibly the most inspired piece of Legislation to be enacted in America over the past half-century”
US Government spent $405 billion in 2011 - 40% of total global spending
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Research Funding Background
Bayh- Dole Act of 1980
Changed the rules for ownership of inventions made with federal funding
Encouraged licensing of Government Owned Inventions
Stephenson-Wydler Innovation Act of 1980 & Federal Technology Transfer Act of 1986
require federal laboratories to actively engage in the technology transfer process
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Extramural Research *
* FY-2013 NIH Fiscal Policy for Grant Awards
• Engine for Research and Innovation
• Over 80% of the NIH budget
• 2013 Annual Budget: $29 billion
•Over 50,000 awards annually• 325,000 extramural researchers (mostly universities)• Over 3,000 research organizations
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NIH Licensing *
• $ 7 billion in product sales
• $ 116 million in royalties collected
• 576 invention disclosures
• 312 licenses executed
• 79% of royalties on drugs and biologics
* FY-2013 Annual Report NIH Office of Technology Transfer
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How Tech Transfer Works
Federal/Academic researchers collaborate with private companies under specific contracts called CRADAs
Upon conclusion of project, private company Licenses IP from Federal Lab/Academic institution
Private company commercializes technology (sells product) and pays royalties to Federal Lab/Academic Institution
RESEARCH
LICENSE
SELL
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Advantages For Tech Transfer• CRADA provides additional resources from Federal
Labs/Academic Institution with unique capabilities
• Cost of IP is typically paid up front by Federal Lab/Academic Institution providing Company favorable repayment terms
• Collaborator (Private Company) has first rights in licensing
• Bestows instant marketplace credibility to new invention because of Federal Lab/Academic Institution’s reputation
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Example Tech Transfer Successes
Product Company Use
FluMist® MedImmune Influenza vaccine
Havrix® GlaxoSmithKline Vaccine against hepatitis A
Taxol® Bristol-Myers Squibb Treatment of solid tumors and Kaposi’s cancer
Taxus® Express Boston Scientific Treatment of coronary artery disease (drug-eluting stent)
Thyrogen® Genzyme Therapeutics Adjunct to thyroid cancer treatment
Velcade® Millennium Pharmaceuticals Inc.
Treatment of multiple melanoma
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Thank You
Michael J. Dailey, Principal
[email protected](301) 788-0201