ip overview for alberta heart jayant kumar joanna preston reg joseph
TRANSCRIPT
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IP Overview for Alberta Heart
Jayant KumarJoanna Preston
Reg Joseph
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TEC Edmonton is a joint venture between
A Joint Venture
TEC Edmonton is…
• the technology transfer agent for the University of Alberta and
• the commercialization service provider for the Greater Edmonton region.
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TEC Edmonton is…A technology & business accelerator that
• optimizes return on Intellectual Property (IP)
• provides expertise and tailored advice • connects with facilities, granting agencies,
financing and management resources and
• transforms advanced technology into licensing opportunities and corporations
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Executives-in-Residence
IP Experts
Market Analysts
Grant Specialists
Entrepreneur Advocates
Communication and Marketers
Finance and Legal Advisors
TEC Edmonton is a Team of
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Intellectual Property (IP) Protection
Copyright
Trademark
Trade secrets
Patents
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Copyright
• A tangible expression of an idea (e.g. music, publications, software)
• Automatically vests in the author, except for “work made for hire”
• Registration is not required but must be obtained in order to claim damages
• © Smith and Company, 2009
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Copyright (cont’d)
• Inexpensive• Duration: typically life of author + 50
years in most countries (US: life + 70 years)
• Moral Rights – can be waived, but never assigned/ licensed
• Fair Dealing
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Trademarks
Trade names – University of Alberta, Monsanto, Coca-Cola, Roundup Ready, Nike, coined names vs. descriptive names
Service mark – logos: Golden Arches, Nike Swoosh
Trade dress – packaging: Coca-Cola bottle, Booster Juice cup
• Need not be registered: ™ vs. ®
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Trade Secrets
• Usually associated with a method or a formulation – (e.g. Coca-Cola formula, KFC
spices)• Value is in secrecy
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Patent• A Patent is a right granted by the
government to the inventor “to exclude others from making, using or selling the invention.”
• General categories of inventions:– Product or device: mechanical device– Process: method of refining
petroleum– Composition of matter: alloys, drugs– Design: paper clip– Improvement of the above
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Patent Criteria
• Must be novel: cannot be described anywhere in the public domain
• Must be useful: it must perform a function
• Must be non-obvious: an inventive step vs. a logical progression
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Patent Specifics
• Must be registered: Provisional Formal/PCT National
• Prosecution: office action, issuance, maintenance
• Only valid in the country in which the patent is granted
• Valid 20 years from filing date
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Challenges to Patenting
• Loss of rights due to public disclosure: scientific publication, newspaper article, etc. (grace period of 1 year in U.S. and Canada)
• Very expensive ~ US$250,000 worldwide
• Time consuming: up to 5 years• Only 1-3% of patents are
commercialized
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First Stage - Discovery Report of Invention
If you have an invention, contact TEC Edmonton before
public disclosure.
Examples of public disclosure include:• Oral/poster presentation at a conference• Abstract or a manuscript publication
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• Technology Evaluation
• Prior obligations search• Is it a new invention – are there
existing patents?
• Market Analysis
• Is there a market for this invention?
Evaluation Timeline: • Within 30 days of receiving the
Report of Invention TEC will contact you on the IP evaluation
Second Stage - Evaluate
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Prior Obligations
Pre-existing contractual obligations may impact the ability to protect and commercialize inventions
CDA / NDA = Confidential or Nondisclosure Agreement
MTA = Material Transfer Agreement
CRA = Contract Research Agreement
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Material Transfer Agreements
Academic transfers: • usually simple• MTAs required for all transfers
Compounds or biological materials from companies:
• MTAs can contain problematic IP and publications clauses
TEC will negotiate terms to ensure rights are protected
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Third Stage - Protect
• Protection Timeline:– Filing for patents: within 60 days (of receiving
ROI)– Patent publication: 18 months from filing – Patent awarded: can take up to 5 yrs or more
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Fourth Stage – Commercialization Strategy • Technology License
• Market to Companies
• Negotiate Agreements
• Company Development
• Corporate Management
• Negotiate Agreements
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Collaboration between TEC Edmonton and UTI
Suggested Model:
• IP handled in accordance with the IP policies of institutions
• Scientific Lead Institution takes commercialization lead• Lead agent initiates IP protection, marketing, licensing• Out of pocket costs to be shared between the institutions• Revenue sharing by institutions based on contributions
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Commercialization Process
Technology
FacilitiesNetworks & Connections
Financing
People & Expertise
Company
Business Services
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TEC Edmonton’s ServicesBusiness Development
• Advice, mentoring
• Regional connections
• Business planning
• Incubation space
• Corporate management
• Market analysis
• Financing preparation
• Prizes (cash and in-kind)
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Company Development
STRENGTHS• Control• More long term revenue• Diversification of the economy• Sustainability
WEAKNESSES• Risk• Longer term to revenue• Time commitment• Financing
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TEC Screening Process
Gate 2 – Primary Evaluation
Gate 3 – Due Diligence
Gate 1 – Strategic Fit
Portfolio
Stage 1First Contact
Stage 2Lead Identification
Stage 3Qualified Lead
Stage 4Portfolio Company
Inventions from UofA
“Mining” the region for opportunities
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Company Development Success Stories Working closely with Dr. Halloran”s spinoff
company - TSI, TEC Edmonton’s EIR and market analysts are developing a strategy to capitalize on opportunities - contract research services to pharmaceutical and biotech companies, new diagnostic systems and products, and licensing opportunities for the company’s unique database.
Mission Possible - “Shaheel provided frank feedback, mentorship and has constantly challenged us as entrepreneurs to refine our business strategy and product development plan.” Ken Bautista, CEO of Seek Your Own Proof
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Partnerships
Regional Alliance - Connecting Business Incubators and Service Providers with Entrepreneurs
Members:TEC Edmonton, novaNAIT, Northern Alberta Business Incubator (NABI), NINT, Business Link and EEDC through the Advanced Technology Centre.
Focus: Facilities, Product Development, Entrepreneur Education and Community Relations
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Partner with TEC Edmonton• Technology Evaluation
• Intellectual Property Protection (Patenting)
• Market Analysis
• Negotiation of Legal Agreements
• CDAs and MTAs,
• license/option agreements and
• shareholder agreements
• Licensing technologies or company creation
• Company development
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Questions?