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BTCH30003 > Lecture 3 - Technology Transfer > Flashcards

Lecture 3 - Technology Transfer Flashcards

1
Q

What is a University Technology Transfer?

A

Takes IP from University Research and turn it into a product or service for benefit of society

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2
Q

What is the Tech Transfer Process?

A
  1. Invention Disclosure
  2. Assess
  3. Protect
  4. Commercialise
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3
Q

What is included in the Invention Disclosure Form (IDF)?

A
  1. Problem
  2. Solution
  3. Funding and collaborators
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4
Q

What is Intellectual Property?

A

Creations of the mind such as inventions, literary and artistic works; and symbols, names and images used in commerce

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5
Q

What are Intellectual Property (IP) Rights?

A

Temporary monopoly rights given by a government allowing the right to exploit the IP. Includes: Patents, Copyright, Trademarks, Design rights

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6
Q

What are examples of Non-registered IP?

A
  1. Confidential Information (eg. Know how, trade secrets)
  2. Copyright (eg. literary, dramatic, musical and artistic works)
  3. Trade marks
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7
Q

What are examples of Registered IP?

A
  1. Patents (eg. processes and methods, machine, articles of manufacture, composition of matter)
  2. Registered Designs
  3. Domain names
  4. Plant Breeders Rights
  5. Business Names
  6. Trade Marks
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8
Q

What are the key factors and considerations to determine whether an invention should be commercialised?

A
  1. Ownership
  2. Technical Analysis
  3. IP Analysis
  4. Market Analysis
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9
Q

What defines ownership?

A
  1. Who created the invention
  2. Where do they work
  3. Who owns it
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10
Q

What defines technical Analysis?

A
  1. what is the problem being investigated
  2. what is the technology and how does it solve the problem
  3. stage of development
  4. resources to further develop and/ or commercialise this technology
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11
Q

What does IP Analysis do?

A

To find out if there is any IP underpinning the disclosed technology which can be commercialised

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12
Q

What is the purpose of Market Analysis?

A
  1. Find out the market need (is industry interested in the problem and is there a clearly identifiable industry partner)
  2. Have a competitive advantage (how is it better than products on market or in development)
  3. Find out market size/ value (expected share of market segment)
  4. Commercialisation route (License or spin-out company)
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13
Q

What are characteristics Commercialising through IP License?

A
  1. IP remains owned by University
  2. Licensee responsible for developing and selling a product
  3. University receives payments in consideration for grant of the license
  4. Low risk and hands-off: cost and risk of development passed on to Licensee
  5. Lower potential overall return to Licensor
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14
Q

What is a spin-out?

A

A new company formed by a University to develop early stage (high risk) technologies with greater value potential

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15
Q

What are the characteristics of a spin-out?

A
  1. IP is licensed into the company
  2. University will have equity stake
  3. Business plans, experienced management and investment are required - set up can be resource intensive
  4. End objective is to ‘exit’ the company - University receives money by selling its shares
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16
Q

What are the Pros of a Spin-out and IP License?

A

Spin-out:

  1. Equity stake - greater average return in the long run compared to licensing
  2. More control over product development

License:

  1. Quicker and less complex
  2. Potential for value return throughout product development and commercialisation pathway
17
Q

What are the Cons of a Spin-out and IP License?

A

Spin-out:

  1. Value return delayed
  2. Higher resource burden on inventors, tech transfer team and University

IP License:

  1. Lower Value return
  2. Less control over development of product
18
Q

What is a Staff Start-up?

A

A new company formed by Staff or Students to develop University IP

19
Q

What are the characteristics of a Start-up?

A
  1. IP is licensed into the company on the basis of a development and commercialisation plan agreed with the university
  2. University will often take an equity stake (or equivalent)
  3. Business plans, experienced management and investment are required - set-up can be resource intensive
  4. End objective is to ‘exit’ the company - Staff receives money by selling their shares, university receives money from shares, license fees and royalties

BTCH30003 (19 decks)

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