ConnectedTwo weeks ago Tech Transfer Central’s eNews Blog featured a new effort by the Purdue Research Foundation to pool its resources with several related organizations — including other research centers and an entrepreneurial incubator — to increase innovation, research grant awards, and tech transfer throughout Indiana. According to the original news release, this collaboration will be managed by a board of advisers composed of local and state stakeholders as well as educational and economic partners. This struck me as a great example of the value provided by foundations that reside outside of the state university structure and own/manage the institution’s intellectual property (IP). Several state universities have implemented foundations to manage their technology transfer programs, entrepreneurship support, and more. These foundations can take advantage of greater flexibility in deal structure, reduced bureaucracy, more autonomy, and a broadening of services. For example,… Continue reading

Posted in Technology Transfer Offices | Tagged , , | Comments Off

FAQ-crossword_iStock_000017784335_lowrezMost technology transfer offices (TTOs) want to — or have to — respond to frequently asked questions (FAQs) about the technology portfolio. Whether they are routine or ad hoc, these FAQs often come from key stakeholders and focus on TTO performance. As the F in FAQ suggests, these questions are asked frequently. Yet if a TTO frequently is scrambling to answer and struggles to generate the needed reports, then this indicates something is amiss. Continue reading

Posted in Metrics, Technology Transfer Offices | Tagged , | 2 Comments

ObstacleRace_iStock_000006226679-lowrezIt’s no secret that universities, research institutes, and government labs are excellent sources for innovations that can jump-start new product development. Rather than sink significant resources into starting from scratch internally, companies can leverage others’ technologies. Doing so can not only save money, but it also reduces the risk associated with the early stages of the innovation pipeline. This is often called the technology sourcing part of open innovation. What is less clear to some companies is how to make technology sourcing a reality. Below are some tips that Fuentek has developed based on a decade of helping clients… Continue reading

Posted in Collaborative Research and Development, Licensing and Deal Making | Tagged , , | Comments Off

Online reading of technology transfer newsToday we bring back a reader favorite for our blog. In returning to these “Worth Reading” posts, we’re changing things up to include insights from across Fuentek’s leadership. These perspectives from Laura Schoppe, Danielle McCulloch, and Becky Stoughton are based on the expertise they have gained in doing what we do as well as their past experience. Enjoy! Continue reading

Posted in Worth Reading | Comments Off

StringOnFinger_iStock_000021963522_lowrezThe past few months have seen several of us at Fuentek supporting multiple clients with negotiating licenses for their technologies. One project that I’ve been helping a client with embodies several best practices of license negotiations. Ironically, these concepts are so essential… that they’re sometimes forgotten. So here is a list we’ve put together to ensure that the most important aspects of license negotiations stay front and center. Continue reading

Posted in Competitive Intelligence, Licensing and Deal Making, Stories From the Field | Tagged | Comments Off

Shark_iStock_000054215058Today you get a sneak peek at a webinar I’ll be moderating next Tuesday, July 21st to teach technology transfer offices (TTOs) how to coach researchers on speaking with potential collaborators, funders, licensees, and others. These skills also apply when the innovator is launching a startup and talking to venture capitalists (VCs)… even those featured on Shark Tank. Called “Best Practices for Coaching Researchers on Pitching to Investors, Licensees, and Partners,” this Technology Transfer Tactics webinar will focus on… Continue reading

Posted in Collaborative Research and Development, Economic Development, Licensing and Deal Making, Marketing Intellectual Property | Tagged , , | Comments Off

red-reboot_iStock_000050491100_lowrezI’ve blogged before about technology transfer offices (TTOs) that are entering a new phase of life. Today I’d like to share Fuentek’s recommendations for the top of your To-Do List for rebooting a TTO. These are based both on what we’ve done for our clients and on my personal experience in the trenches at the Office of Technology Commercialization (OTC) at the University of Texas at Dallas. Continue reading

Posted in Technology Commercialization Processes | Tagged , , | Comments Off

Schoppe-UNH-Interview-ScreenShotLast month I had the opportunity to serve on a panel discussing the implementation of open innovation models in developing countries at the Franklin Pierce IP Center based in the law school at the University of New Hampshire. Titled “IP and Open Innovation: Challenges in Global Development,” this conference brought together a wide range of professionals, professors, and researchers with expertise in open innovation. (Thanks to Stan Kowalski for inviting me!) For my presentation, I discussed how developing economies would be well served by approaching their R&D and IP management through what we at Fuentek call Symbiotic Innovation. As I’ve blogged before, Symbiotic Innovation involves working both sides of the R&D and commercialization equation at the same time…. Continue reading

Posted in Economic Development, Symbiotic Innovation | Tagged , , | Comments Off

Green TreeWhen it comes to managing the innovation and intellectual property portfolio, technology transfer offices need to be able to see the forest and the trees. TTOs have to evaluate each innovation individually, but they also need to consider its strategic value relative to other IP in the portfolio. Therefore, periodically examining the technologies as a collective — whether it is the entire IP portfolio or just a specific selection of innovations — should be part of the TTO’s itinerary. Of course, “periodically” has two meanings: (1) at regular intervals of time and (2) from time to time. So when is the right time to do a whole/partial IP portfolio review? Here’s my advice. Continue reading

Posted in Technology Commercialization Processes | Tagged , | Comments Off

As I find myself back in Poland to deliver another round of training courses on entrepreneurship to university researchers, I’m reminded of Steve Blank’s fireside chat at the AUTM® national meeting in New Orleans last month. Specifically, I’m thinking about how the feedback loop that plays a major role in the Lean Startup methodology also has a role to play long before a startup is even a gleam in an entrepreneurial researcher’s eye. What’s the Lean Startup feedback loop? Well, according to Eric Ries: “The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop.” Continue reading

Posted in Economic Development, Technology Commercialization Processes | Tagged , , , | Comments Off