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Tech Transfer eNews

Tech Transfer E-News provides a weekly round-up of current news and information in the world of tech transfer, delivered every Wednesday (sign up here). It is published by Technology Transfer Tactics newsletter, which is available as a monthly subscription. For more information or to order a subscription click here, or for a sample issue, click here.

U of Miami licenses out eye infection treatment to Provectus Biopharmaceuticals

The University of Miami and Provectus Biopharmaceuticals have entered into an exclusive global license agreement to commercialize a novel therapy for the treatment of eye infections. continue reading »

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TTO Marketing with Limited Marketing Resources: Doing More with Less

In a perfect world, every tech transfer office would have a dedicated marketing staff spending all day reaching out to prospects, crafting clever promotions and social media posts, building faculty relationships, and creating a funnel of licensing opportunities.

But it’s not a perfect world and most TTOs are understaffed, forcing these tasks upon already maxed-out licensing and technology managers. The main tasks of protecting and licensing IP get diluted, and staff morale sinks.

We’ve tapped four TTO marketing experts who understand the struggles of a slim-to-none marketing budget — and yet are producing great results. The key? Relationships, communication, interns, trainees and fellows, and a little help from AI. Please join us for this strategy-filled program designed to help expand and improve your TTO’s marketing without expanding your budget: TTO Marketing with Limited Marketing Resources: Doing More with Less, scheduled for April 25th.

Our team of presenters will tap into their vast wealth of knowledge and their proven strategies for “doing more with less” and bring you their best practices. For complete program and faculty details or to register, click here.

Also coming soon:

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U College London start-up’s technology addresses rising electricity usage in the age of AI

A start-up from University of College London (UCL) aims to address the rising levels of electricity being consumed as power-hungry AI technologies continue to evolve. continue reading »

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U of Minnesota start-up develops breath test for lung cancer

A University of Minnesota (UMN) start-up is commercializing a point-of-care breath test for lung cancer. continue reading »

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Determination of Royalty Rates for Technology Licensing

Determination of Royalty Rates for Technology is packed with in-depth, expert information to help you determine an appropriate royalty rate for your specific technology. In this concise 42-page reference, you’ll find straightforward descriptions and guidance on different models used in calculating royalty rates. It includes:

  • A comprehensive review of surveys, data analysis, rules of thumb, profit differential methods and discounted cash flow analysis for determining an appropriate royalty rate for technologies.
  • Guidance on the impact on royalty rates associated with exclusivity, minimum royalty payments, upfront license fees, naked patents, and royalty rates for trade secrets.
  • Examples of various methods used to establish a royalty rate range for use in license negotiations
  • Royalty rate ranges and benchmarks in specific technology sectors

This valuable reference is packed with tables and graphics, data analysis, and how-to information on calculating royalty rates for your technologies. For complete details and to order, click here.

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Purdue researchers aim to commercialize novel drug delivery system to fight tumors

Researchers at Purdue University are developing a nanoparticle technology to enhance the effects of immunotherapy against malignant tumors. continue reading »

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UAMS launches program to support diverse healthcare innovators

BioVentures, the biomedical technology start-up incubator at the University of Arkansas for Medical Sciences (UAMS), has launched the ACTIVE program in partnership with the Venture Center. The program aims to support socially and economically disadvantaged innovators in the healthcare and technology sectors, with a focus on diversity and inclusion. continue reading »

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Improve TTO performance with The Tech Transfer Operations Video Toolkit

When it comes to the day-to-day function of the tech transfer office, operations staff are the “unsung” heroes. While they don’t get the headlines and kudos for patents issued, big licensing deals, and new start-ups, tech transfer professionals know that it’s their work behind the scenes that underpins every commercialization achievement.

Whether it’s docketing, royalty distribution, Bayh-Dole compliance, database management and reporting, licensee compliance, keeping up with attorney fees, or any of the hundreds of tasks often taken for granted in the complex world of university tech transfer, these critical team members are doing the dirty work, day in and day out.

That’s why we’ve created an extensive collection of resources focused specifically on many of the most difficult TTO operations challenges. The Tech Transfer Operations Video Toolkit is an instant library of 20 detailed distance learning programs addressing everything from budgeting, productivity, and data management to staffing, risk mitigation, auditing, MTA management, and more. The guidance contained in the toolkit’s programs can make a critical difference in your TTO’s efficiency and performance, and it’s priced at less than $25 per program.

Even better, every session can be shared freely within your office with other staff and viewed repeatedly, making The Tech Transfer Operations Video Toolkit about the most cost-effective investment you can make. For complete details, click here.

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Texas State U reports record-high R&D expenditures in 2023

Texas State University (TXST) has reported record-breaking expenditures on research and development in the 2023 fiscal year. continue reading »

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Comings & Goings

K-State Innovation Partners, the commercialization arm of Kansas State University, has appointed Chris Brandt as interim president and CEO. The move fills the position vacated by Rebecca Robinson, who recently accepted a new opportunity at Oregon State University after 15 years of dedicated service to K-State.

“Chris brings a wealth of experience and a deep understanding of K-State’s innovation ecosystem to this role,” Robinson said.

Brandt has been part of the Innovation Partners team for eight years, working closely with administrators, faculty and staff across all K-State campuses. In his previous role as chief technology innovation officer, Brandt played a key role in developing and implementing cross-campus strategies to advance commercialization efforts for the university.

“Chris’ passion for K-State’s research and innovation is undeniable,” said David Rosowsky, vice president for research and chair of the Innovation Partners board of directors. “I look forward to his capable leadership as we work together to streamline and enhance pathways for commercializing K-State’s intellectual property.”

Source: The Mercury

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Life sciences start-up license template promises to ease negotiations

A detailed article on the new life science start-up license agreement template and its application in TTO negotiations and contracting appears in the March issue of Technology Transfer Tactics, including links to both the term sheet and license agreement templates. To subscribe and access the full article, or for subscription information, click here.

The group that previously created the US-BOLT Term Sheet Template has now provided a sample template of a full life science license agreement for use between a university and a biotech start-up. The template promises to help tech transfer programs get through some of the most common challenges in the negotiation process with less drama and frustration.

The most recent document draws on the previous work of the US-BOLT Model Term Sheet, released in Dec 2022. (TTT subscribers click here.) The group of 14 universities, nine venture capital firms, and three law firms created the term sheet template to streamline the negotiation process, and the sample template of a full license agreement intends to ease that process even further. The full life science sample license agreement is available to TTT subscribers in our online portal (here).

Some institutions already have a standardized license agreement but might be able to update it with some portions of the US-BOLT template, says Orin Herskowitz, executive director of Columbia Technology Ventures, who led the collaboration. Schools with a lower volume of such agreements may benefit from adopting the template in full, he suggests.

“We hope this template will save both time and money during negotiations, and we encourage people to use it in full, in part, edited, or unedited,” Herskowitz said recently in a statement announcing the release of the template.

The template licensing agreement can help tech transfer programs avoid feeling like they are starting from scratch with every negotiation, says Kirsten Leute, partner with Osage University Partners, a venture capital firm based in Bala Cynwyd, PA, that participated in the collaboration.

“When you negotiate one of these start-up agreements, you may have different parties who may be familiar with one university’s agreement, but another university’s agreement may look different. So the idea behind this was to create something more uniform across these start-up deals arising from academia,” she says. “That could make the process more efficient and faster, where people feel like they’ve already established some common ground and they can try to get the agreement done.”

Often the parties negotiate the same things over and over, so the goal is to shorten the process in a way that acknowledges the complexity of the deal without eroding its value, Leute says.

The collaboration on the life sciences agreement revealed that different parties sometimes did not understand why a particular term or requirement was so important to another party, Leute adds. “On the investor side, they’ve often been talking about the downstream effect when a large pharma gets involved and what that would mean for how the deal structure needed to be in order for a possible exit event to happen,” she says. Conversely, “perhaps the investors weren’t always appreciating from the university side the academic mission and the utmost importance of researchers’ abilities to [continue the] focus on their research.”

Sublicensing was identified as another area in which the negotiating parties often butt heads unnecessarily, Leute says, so the template was designed to establish standard terms and conditions that could at least serve as an accepted starting point.

“It is not expected to be a mandated agreement, so universities and investors are going to find particular points in there that they will have to modify,” Leute says. “I’m hopeful that people will be able to use aspects of it in their negotiations, if not the whole thing. I’m optimistic that it will bring them to a faster and better end result.”

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Johns Hopkins start-up launches with $150M to commercialize novel approach to immuno-oncology

A Johns Hopkins University (JHU) spinout has come out of stealth mode with $150 million in funding to commercialize its potentially groundbreaking approach to immuno-oncology. continue reading »

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