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Technology Transfer Tactics

Technology Transfer Tactics, August 2023

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

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Technology Transfer Tactics
Vol. 17, No. 8, August 2023

  • Lost gold in your portfolio? Forgotten patents can yield infringement revenue. Every TTO has files full of patents that never proved particularly successful and were eventually forgotten as the program focused on newer IP with more promise. But experts say it can be worthwhile to audit those older patents for potential infringement and turn them into new sources of revenue with an assertion strategy that can often lead to licenses and settlements.
  • FSU ‘Fast Start’ program offers favorable terms and six-month free option. Florida State University recently launched a licensing program called Fast Start, a “streamlined” license process with favorable terms for FSU start-ups. As part of this program, the FSU Research Foundation (FSURF) “will grant an exclusive option (at no cost) to license the identified intellectual property for up to six months to allow the start-up company to develop a business plan and outline commercially reasonable diligence milestones.”
  • Licensee welcome package helps drive 90% collection rate at NIH. The National Institutes of Health Office of Technology Transfer is achieving a 90% collection rate on average from licensees, and they attribute much of their success to a “welcome package” that provides everything the licensee needs to make required payments.
  • Northwestern’s FoundHer Fellows program narrows the gender gap. The data speaks volumes about the gender gap in research commercialization and entrepreneurship. Take, for example, a 2017 study by Osage University Partners revealing that only 11% of university start-ups had a woman scientific founder or co-founder. Or more recent data from PitchBook, which shows that women-founded startups received just 1.9% of all VC funds last year. A new program at Northwestern University is aiming to do something about it.
  • U Vermont taps undergrads to help its small TTO get more technology to market. Smaller tech transfer offices that struggle to devote enough time and resources to launching start-ups may want to take a page out of a new playbook being rolled out at the University of Vermont. In fact, the strategy being employed there — a novel approach utilizing undergraduates to commercialize research discoveries — could be an effective add-on for any TTO.
  • To teach start-up founders, adapt these principles from Wake Forest guru’s model. A browse through Wake Forest University’s top-rated Center for Entrepreneurship website prompts a deluge of Wake grads’ business success stories across a wide array of products and services.

Posted August 15th, 2023