Tech Transfer Central
University-Industry Engagement Week

University-Industry Engagement Week provides a weekly round-up of current news and information in the world of industry engagement, delivered to your inbox every week (sign up here). It is published by University-Industry Engagement Advisor newsletter, which is available as a monthly subscription. For more information or to subscribe click here.

Beth Israel pushes for ‘fair market’ approach to pre-clinical SRAs

A detailed article on Beth Israel Deconess Medical Center’s “fair market” model for pricing pre-clinical industry-sponsored research agreements appears in the March issue of University-Industry Engagement Advisor. For subscription information, click here.

Academic institutions may not always be setting a high enough bar when it comes to establishing a budget for their pre-clinical industry-sponsored research agreements (SRAs), says Tod Woolf, PhD, executive director of the Technology Ventures Office at Beth Israel Deaconess Medical Center (BIDMC) and lecturer on medicine at Harvard Medical School.

Speaking during a session at the recent AUTM conference entitled, ‘Fair Market Value: Financial Terms for Pre-Clinical Industry-Sponsored Research Agreements.’ Woolf noted that “with a regular deal priced like an NIH grant, we lose money on every deal — it does not include all our expenses.”

In a follow-up interview, he explained that BIDMC has been using “fair market pricing” for the past two or three years to bring pre-clinical SRAs with industry in line with the Beth Israel’s actual cost structure. “At MIT, I was pushing for them to look at the pricing; the NIH grant cost-based pricing was money-losing,” he recalls. While the fair market model was not adopted at MIT, when he joined BIDMC he did begin using it. “It was hard to roll out,” he concedes, “because people were used to the old NIH at cost pricing.”

What’s the difference? Fair market pricing may include one or more of the following:

  • Startup/Setup fee for SRAs;
  • Increasing the funding amount to account for unpredictable need for repeat studies (higher range);
  • Project management fees;
  • Milestone payments;
  • Background IP/Technology access fee; and
  • Fee for commercial license to resulting IP.

This model produces a funding agreement, he explained, that “is not just higher, but more accurate; you’re not promising things you can’t deliver on.” He further clarified that all but the final two bullet pointed approaches have been used successfully in industry deals at least once.

Source: University-Industry Engagement Advisor

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Industry-academia partnership looks to make Central Texas a semiconductor workforce hub

A new partnership between the University of Texas (UT) Austin, the Austin Community College (ACC) District and the Texas Institute for Electronics (TIE) aims to make Central Texas a major hub for semiconductor workforce development. continue reading »

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Integrating Tech Transfer, Corporate Engagement, and Economic Development: Achieving Greater Impact and Efficiency

A growing number of universities have been breaking down silos separating tech transfer, corporate engagement and economic development. Recognizing the value and efficiencies involved in bringing these formerly separate but complementary units under a collaborative structure, they’re realizing improved communication, expanding industry relationships, and a host of other benefits from the coordination effects of their more integrated structures.   

Join us for this one-hour webinar featuring two best-in-class examples of centralized operations, albeit with distinctly different structures: Integrating Tech Transfer, Corporate Engagement, and Economic Development: Achieving Greater Impact and Efficiency, scheduled for May 22nd.

The University of Michigan’s Innovation Partners is a university department, while UNM Rainforest Innovations is an independent 501(3)c supporting the University of New Mexico’s entrepreneurial ecosystem. Both are designed to streamline and “un-silo” the commercialization process, and we’ve tapped both programs’ leaders to discuss the inner workings of each structure, why it works best for them, and how they are unlocking significant capacity and growth through their coordinated, holistic approaches.

For complete details or to register, click here.

Also coming soon:

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New UConn initiative will give Connecticut companies access to emerging tech expertise

A new initiative at the University of Connecticut (UConn) aims to help provide Connecticut companies with a competitive edge in the emerging technology landscape. continue reading »

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New initiative to boost quantum tech commercialization in Illinois through strategic partnerships

A new initiative in Illinois aims to accelerate the commercialization of quantum technologies through partnerships between industry, academia, and government. continue reading »

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25 case studies featured in “Strategic University-Industry Partnerships and Holistic Corporate Engagement”

Strategic University-Industry Partnerships and Holistic Corporate Engagement is a 98-page resource that’s chock-full of proven success strategies for using a holistic approach to expand your valuable industry relationships.

It features 25 case studies on how to structure, manage, and grow your collaborations beyond one-off deals and embrace a vision — and a set of best practices — for expanding partnerships to touch every area of the university, from research and talent development to philanthropy and corporate training.

Strategic University-Industry Partnerships and Holistic Corporate Engagement is available now in digital format for immediate delivery. Click here for more details, including a complete table of contents.

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U Buffalo gets $1.25M NIST grant to launch clean energy research center with a focus on industry partnerships

The University at Buffalo (UB) has received a $1.25 million grant from the National Institute of Standards and Technology (NIST) to launch a research center focused on collaborating with industry partners to develop new innovations in clean energy. continue reading »

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UCLA partners with PreciseDx to evaluate novel test for breast cancer recurrence

The University of California, Los Angeles (UCLA) has partnered with PreciseDx, a leading developer of AI-enabled oncology diagnostics, to evaluate the efficacy of a new test that assesses the risk of recurrence for patients with triple-negative breast cancer (TNBC). continue reading »

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New survey data: How faculty rate their tech transfer offices

The just-published Survey of STEM Faculty in Higher Education, Experience of the Technology Transfer Office features detailed data on how STEM faculty at 100+ colleges and universities, primarily research universities and medical schools, rate their experiences with the technology transfer office.

You’ll find data on faculty satisfaction levels, how often TTO services are utilized, how faculty view TTO performance, as well as faculty perceptions of whether tech transfer offices are being over- or underfunded and over- or understaffed. And get a highly detailed overview of how faculty respond and relate to the TTO, and whether they believe their university should be more supportive of the office.

The study is jam-packed with over 90 easy-to-scan charts and figures displaying critical data you can’t find in any other publication. You’ll find scores of data points in over 90 tables, including:

  • Faculty grading the efforts of the tech transfer office in promoting university-developed technologies
  • Faculty opinion on whether the tech transfer office has sufficient staff
  • Faculty view of what universities can do better to improve technology commercialization
  • Percentage of faculty who interact with the TTO or sponsored research offices
  • Perceived ease of filing a technology disclosure
  • Satisfaction with university-faculty revenue split
  • Satisfaction with the commercial acumen of the technology transfer office
  • Satisfaction with arranging partnerships

Unlike any other available resource, Survey of STEM Faculty in Higher Education, Experience of the Technology Transfer Office provides you with an in-depth look into key data so you can compare your practices and see how you stack up against your peers – and use the data to pinpoint areas for improvement. For complete details or to order, click here.

Also available: Survey of STEM Faculty in Higher Education, Experience with Sponsored Research. Get an in-depth look into key data so you can compare your practices and see how you stack up against your peers

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Icahn School of Medicine at Mount Sinai enters into sponsored research agreement with Cellenkos focused on myelofibrosis

The New York-based Icahn School of Medicine at Mount Sinai has entered into a sponsored research agreement with clinical stage cell therapy company Cellenkos to accelerate a novel treatment for myelofibrosis. continue reading »

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U Nevada-Reno start-up “graduates” from applied research center to a larger commercial facility

A magnetics start-up formerly housed at the University of Nevada-Reno (UNR) has moved from its home in academia to a larger commercial facility to support its growing business, illustrating the industry engagement benefits of the campus research park. continue reading »

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iEdison Utilization Reporting: Planning for and Managing the Latest Compliance Challenges – now available on-demand

Are you struggling with the new utilization requirements in iEdison? If you’ve been sweating the details or are finding the compliance process challenging and burdensome, you’re not alone – and these requirements are not going away.

The new data sets required in your invention reporting includes names of licensees, names of manufacturers, country of manufacture, numbers of units sold, gross annual revenue — and very few entities are tracking that level of information. The majority of TTOs and research administrators may find it even more difficult to comply due to current staffing shortages and tight budgets, coupled with the challenge of finding the right personnel with the know-how to manage the new reporting requirements.

To provide the help you need, we enlisted research compliance and reporting experts Deborah Arnold from the University of Utah and Jodie Richardson from MIT to lead this detailed compliance workshop: iEdison Utilization Reporting: Planning for and Managing the Latest Compliance Challenges.

Now available in on-demand video, purchasers will hear our panel as they review the latest requirements, reporting challenges, and system bugs being reported by frustrated users. You’ll gain a solid plan for compliance, and clear strategies for overcoming the issues and challenges that are already becoming problematic. Plus, all purchases include two reporting templates created at the University of Utah for gathering needed information from licensees. For complete program details or to order, click here.

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