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Technology Transfer Tactics

Technology Transfer Tactics, July 2022

Technology Transfer Tactics, July 2022The following is a list of the articles that appear in the July 2022 issue of Technology Transfer Tactics monthly newsletter.

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Technology Transfer Tactics
Vol. 16, No. 7, July 2022

  • TTOs face “impossible” challenge in making accurate financial projections. Okay, so you signed “X” number of licenses last year for a total of “X” dollars. How many will you sign this year, or next, and how much revenue with they produce? What about your start-ups? How many will be formed this year? How many will exit in, say, five years? What about upfront fees? Patent reimbursements?
  • Drive a collaborative culture with non-monetary TTO metrics. While metrics enable technology transfer offices to define and track progress toward performance goals, many of those metrics are very rigid, says Michael Dixon, PhD, president and CEO of UNeMed, the tech transfer and commercialization office for the University of Nebraska Medical Center and the University of Nebraska at Omaha. “It’s worth taking a step back and looking at the softer metrics that help us measure and then develop our collaborative culture.”
  • Drive for innovation education expected to boost tech transfer at Mass General Brigham. In most TTOs, commercialization training is typically offered only to those researchers, faculty, or clinicians who express an interest and have an idea for creating a product or company. While that’s fine, what if you could provide that same training to essentially the entire organization so everyone – particularly potential inventors and innovators – had a baseline knowledge of what it takes to bring an idea to the marketplace? At Mass General Brigham (MGB) Hospital, that’s exactly what is now happening, and leaders there hope it pays off in a significant boost to commercialization activity.
  • Avoiding pitfalls from ‘prophetic’ language in marketing summaries. Nearly everyone who’s seen or heard financial advertising is familiar with the phrase: “Past performance is no guarantee of future results.” Or in the stock market, it might be “read the prospectus before you invest.” In fact, these common cautions have become almost clichéd.
  • Pitch Prep helps Northwestern student start-up competition increase its value. While there’s nothing new about student start-up competitions, Northwestern University has figured out how to add a unique twist to theirs by offering semifinalists “Pitch Prep,” an intensive program designed to hone pitching skills and prepare student entrepreneurs for the rough and tumble world of start-up venture funding.

Posted July 13th, 2022