MTAs create little or no revenue for your institution, but for most TTOs they are a big part of the job — most would say too big. Not only is MTA management a rather substantial time drain, but a financial drain as well — universities spend millions of dollars on processing hundreds of thousands of MTAs every year. And since MTAs can have serious ramifications in terms of rights to resulting inventions, for future licensing agreements and for publication rights, it’s not a process to be taken lightly or rushed through.
While positive efforts have been made by the NIH and AUTM to standardize the forms and the process, university MTA team members still wade through thousands of unique agreements per year, creating a backlog and potentially delaying or even blocking critical research in the meantime.
Vanderbilt University has fought the MTA fight, and it’s winning. Vanderbilt’s TTO recently implemented its home-grown MTAShare automated management system, enabling an extremely streamlined process for the management of MTAs. That’s why we’ve invited Alan Bentley, assistant vice chancellor for technology transfer in the Vanderbilt Center for Technology Transfer and Commercialization (CTTC) to share how the university tackled its MTA workload, culminating in this time- and money-saving automated solution.
Please join Mr. Bentley for this revealing webinar sponsored by Technology Transfer Tactics:
Managing Material Transfer Agreements:
Key Practices for Saving Time and Money
In this detailed program, he will share the lessons learned and key strategies used along the way – so you can put Vanderbilt’s practices into play at your university. Here’s a quick look at the agenda:
- The evolution of efforts to standardize MTAs
- Identifying the causes of backlog and redundant work
- How Vanderbilt leveraged standardization into a platform for automating MTAs
- How MTAShare handles the different terms and conditions for managing transfers between:
- Academic or research institutions
- Transfer from academia to industry
- Transfer from industry to academia
- Review features of MTAShare that enable the automation process
- How MTA automation translates into:
- Faster commercialization
- More money in your budget’s bottom line
- More efficient use of staff time
Meet Your Expert Presenter:
Alan Bentley, MS, Assistant Vice Chancellor, Center for Technology Transfer and Commercialization, Vanderbilt University. Mr. Bentley is responsible for directing all aspects of the office, focusing on faculty service and transactional efficiency. Prior to Vanderbilt, Alan served for five years as the Director of Commercialization for Cleveland Clinic Innovations. Before the Cleveland Clinic, he served as the Associate Director of the University of Virginia’s Patent Foundation. Alan is a registered patent agent and is a member of the Board of Directors of the Association of University Technology Managers.