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Technology Transfer Tactics

Technology Transfer Tactics, July 2023

The following is a list of the articles that appear in the July 2023 issue of Technology Transfer Tactics monthly newsletter.

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Technology Transfer Tactics
Vol. 17, No. 7, July 2023

  • Adjusting faculty royalty shares can assist with recruiting, retention. The way royalty shares are split — particularly the faculty share — can be a critical factor in the success of a commercialization program, but there is no single right way to slice up the pie. Still, experts say the policy your university employs can make your campus attractive to desirable faculty, but it can also encourage them to look elsewhere for a better deal.
  • Purdue and Indiana U reorganize their innovation activity into ‘umbrella’ offices. A number of leading universities have been consolidating existing units into larger “umbrella” organizations in an effort to optimize commercialization of their innovations. In many of these cases, their TTOs have taken on more prominent roles, expanding their staff and often the services they provide — particularly to other internal stakeholders. Two major Indiana-based universities have recently adopted this model to focus more heavily and, they say, more efficiently, on tech transfer, start-ups, and student entrepreneurship.
  • A critical relationship opens up a global network for Baptist Health Innovations. Triventures, a global, early-stage venture capital firm, has offices in Israel and Silicon Valley. It boasts a global footprint and an established international network of top-tier strategic corporate limited partners, including the world’s leading health systems and companies, finance groups, consumer electronics enterprises, insurance companies, and telecommunication groups.
  • UConn’s TTO expands its footprint by collaborating with engineering ‘eHub.’ One of the common drawbacks of being a small technology transfer office is that the staff has little time to focus on anything but its core role in shepherding faculty innovations. For many small TTOs, the rest of the campus community is rarely addressed or only “when I have time,” meaning not often. That means potentially ignoring engagement with student entrepreneurs or faculty who aren’t pursuing commercialization because the process is unfamiliar or mysterious.
  • NC State looks to make the most of $900K gift to support commercialization efforts. A recent gift of $900,000 to North Carolina State University (NC State) is earmarked specifically to boost tech transfer and innovation activity at the school, and its genesis holds lessons for TTOs looking to attract philanthropic dollars to support their programs.

Posted July 13th, 2023