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Commercialising university research

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Session 4C from City University London's Researchers' Development Day, held on Friday 4th May 2012.

Session 4C from City University London's Researchers' Development Day, held on Friday 4th May 2012.

Published in: Education, Business, Technology

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  • 1. Enterprise Office Linking Minds and Markets Researcher’s Development Day 4th May 2012 Commercialising University Research Enterprise Office, City University, LondonDr Carol David Daniel, Head of Technology Transfer and CommercialisationTel: 020 7040 4080c.d.daniel@city.ac.uk
  • 2. Enterprise Office Linking Minds and Markets Enterprise OfficeTechnology Transfer TeamDr Carol David Daniel Mike WellsHead of Technology Transfer & Entrepreneurship ConsultantCommercialisation Tel: 020 7040 8722Tel: 020 7040 4080 Email: mike.wells.1@city.ac.ukEmail: c.d.daniel@city.ac.ukTia Khan Caroline ShilcockTechnology Transfer Consultant Team AssistantTel: 020 7040 4180 Tel: 020 7040 3216Email: t.khan@city.ac.uk Email:caroline.shilcock.1@city.ac.uk London City IncubatorAnnabel VerekerTechnology Transfer Consultant Leo CastellanosTel: 020 7040 3349 Tel: 020 7040 5145Email: annabel.vereker.2@city.ac.uk Email: leo.castellanos.1@city.ac.uk http://www.city.ac.uk/for-business/business-services/commercialisation
  • 3. Enterprise Office Linking Minds and Markets Intellectual Property (IP)“Intangible assets resulting from the intellectual labours of anorganisation or individual” • Know how • Inventions • Designs and drawings • Writings and descriptions • Music, Films, Art, Sound Recordings etc • Products, Methods and processes • Trademarks and Logos • Software For more details go to: http://www.ipo.gov.uk
  • 4. Enterprise Office Linking Minds and Markets Protecting Intellectual Property Unregistered Registered Keep Confidential Patent Copyright Registered Design Design Right Registered Trade Mark ® Trade Mark ™For more details go to: http://www.ipo.gov.uk
  • 5. Enterprise Office Linking Minds and Markets PatentsProtecting Inventions through Patents • Expensive process – International filings • Is the subject patentable? (e.g. not for natural biological processes, business methods, discoveries) • Is the invention worth it? • Is it new? • Did you publish or communicate your idea/invention? • Is it non-obvious to someone skilled in the art? • Does it have commercial and or industrial utility?
  • 6. Enterprise Office Linking Minds and Markets CommercialisationTechnology & Knowledge Transfer for Profit: • Consultancy, R&D • Licensing, sell outright • Start up business or company spin out, joint venture • Combination of the above The Benefits: • Recognition for your work • Contribution to REF and your personal appraisal • Further funding for R&D • Turn research into practical benefit • Increase your personal income
  • 7. Enterprise Office Linking Minds and Markets How we can help youAdvice, Guidance, financial support, sharing the rewards:• Assessing the idea • Contracts & NDA’s• Competitive position • Negotiation with 3rd parties• Market Opportunity • Licensing• Patenting and protection • Raising finance, Grants, Awards,• Business planning – Venture Capital• Marketing • Forming a spin out or JV Revenue and Equity sharing: Inventors, Researchers and the University
  • 8. Enterprise Office Linking Minds and Markets IP exploitation versus Consultancy• Large revenue • Small revenue• Scaleable • Hard to scale• Risky Venture • Low risk• Long term • Short term• Difficult • Easier
  • 9. Enterprise Office Linking Minds and Markets Contracts with 3rd Parties• Customers, collaborators, suppliers and consultants• Always use an appropriate contract, the words are critical• What happens when colleagues move on?• Informal arrangements can lead to problems downstream• NDA, services rendered, licence, materials transfer etc.• Clarifies ownership of IP, who gets what, obligations and rights• Complex IP rights are an obstacle to commercialisation
  • 10. Enterprise Office Linking Minds and Markets IP in Technology Transfer• TT is packaging IP/technology/know how for multiple sales• Ensure IP is not compromised – Solid foundations, no horse- trading, no publication• Absolute clarity on who owns which part(s) of the IP• Any other 3rd Party rights granted, potential for infringement• Confirmatory assignment to University• Audit Trail of IP• Manage relationships/expectations
  • 11. Enterprise Office Linking Minds and Markets Innovation Disclosure Form• Register’s the innovation with Enterprise Office• Provides a quick overview of the invention/proposal• Gain approval from Dean of School to support cost of protection• Understand IP ownership/collaborations
  • 12. Enterprise Office Linking Minds and Markets The City Technology Transfer Process Dean ‘s IP Raise JV or Approval Protection Funding Spin Out TT BusinessInvention IDF Assess Support Plan Approval Contracts Feasibility Research Licence Plan Internet Assign etc IP
  • 13. Enterprise Office Linking Minds and Markets City Inventors1. Innovation 2. Initial review 3. Feasibility/market 4. Commercialsubmission analysis/proof of concept process
  • 14. Enterprise Office Linking Minds and Markets Current Project Examples• Prof. Celia Glass – Rostering software• Prof. David Crabb – EyeVisor• Prof. John Barbur – City Occupational Ltd• Prof. Keith Pullen – Fly wheel technology and Ascending Power Ltd• Prof. Maggie Nicol – Virtual Tutor Ltd• Prof. David Thomson – Thomson Screening Solutions Ltd• Prof. Ian Smith – Compressor Group, Heliex Power Ltd
  • 15. Enterprise Office Linking Minds and Markets University Revenue Sharing Policy University/Total Net Revenue Inventors (jointly) School CREUup to £5,000 100% nil nilFrom £5,001 to £50,000 70% 15% 15%From £50,001 to £100,000 50% 25% 25%over £100,000 33% 33% 33%
  • 16. Enterprise Office Linking Minds and MarketsStructuring a University Spin Out Management University Team and Employees Inventors Investors
  • 17. Enterprise Office Linking Minds and Markets Ensuring the IP is not compromised• Come and talk to us before publishing or communicating your idea outside your research group• Keep notes of your ideas with dates and signature• The Intellectual Property developed at City University is owned by City University, it’s in your contract• Talking to third parties – Use a non-disclosure agreement• Sending/Receiving material with third parties – Use our Material Transfer Agreement• Don’t horse trade your IP for a contract!If you are uncertain about what to do, contact us!
  • 18. Enterprise Office Linking Minds and Markets Any Questions?Technology Transfer TeamDr Carol David Daniel Mike WellsHead of Technology Transfer & Entrepreneurship ConsultantCommercialisation Tel: 020 7040 8722Tel: 020 7040 4080 Email: mike.wells.1@city.ac.ukEmail: c.d.daniel@city.ac.ukTia Khan Caroline ShilcockTechnology Transfer Consultant Team AssistantTel: 020 7040 4180 Tel: 020 7040 3216Email: t.khan@city.ac.uk Email:caroline.shilcock.1@city.ac.uk London City IncubatorAnnabel VerekerTechnology Transfer Consultant Leo CastellanosTel: 020 7040 3349 Tel: 020 7040 5145Email: annabel.vereker.2@city.ac.uk Email: leo.castellanos.1@city.ac.uk http://www.city.ac.uk/for-business/business-services/commercialisation