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Wharton innovation summit University Tech Transfer

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Inversion of economy has taken place over the last 30 years. We are now in the knowledge economy shifting from a manufacturing economy. More than 80% of a company's valuation is intangible according to a study done by Ocean Tomo. University technology transfer is a difficult business with very few homeruns, taking a long time to get to market.

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Wharton innovation summit University Tech Transfer

  1. 1. INNOVATION PARTNERSHIP: UNIVERSITY BASED TECHNOLOGY TRANSFER Dipanjan (DJ) Nag, Ph.D., MBA, CLP, RTTP Product & Business Development Advisor, Patent Properties Professor of Practice, Business and Science, Rutgers University Visiting Professor, Shizuoka University 1
  2. 2. VALUE OF INTELLECTUAL PROPERTY
  3. 3. Components of S&P 500 Market Value Data: Ned Davis Research, Inc. http://www.youtube.com/watch?v=3Uzmg2bEgv8&feature=player_embedded
  4. 4. Components of S&P 500 Market Value Intellectual Property Leading Asset Class Components of S&P 500® Market Capitalization - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 S&P500MarketCap($'000s) Market Premium Intangible Book Value Tangible Book Value Data: Ned Davis Research, Inc.
  5. 5. THE WORLD IS SPIKY: POPULATION Map by Tim Gulden, University of Maryland. From Richard Florida, “The World is Spiky,” The Atlantic Monthly, October 2005
  6. 6. THE WORLD IS SPIKY: PATENTS Map by Tim Gulden, University of Maryland. From Richard Florida, “The World is Spiky,” The Atlantic Monthly, October 2005
  7. 7. UNIVERSITY TECHNOLOGY TRANSFER
  8. 8. TECHNOLOGY COMMERCIALIZATION IN NUMBERS* 9 Research Funding (~$693B) ~293,000 Invention Disclosures ~152,000 Patent Applications ~61,200 Patents Awarded 67,102 active license & options, 7,781 start- ups * Source AUTM Licensing Survey 1991-2011
  9. 9. Let us be honest, you want to be on this list!
  10. 10. BAYH-DOLE ACT  Historical Perspective • Science — The endless frontier (1945) • 1950s-1970s — Expansion of government R&D – growth in R&D procurement from universities – competition for government research grants • By late 1970s, recognition of unrealized potential from Government inventions – 28,000 government patents but only 5% licensed • No uniformity in government intellectual property policies in R&D procurement

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