Technology Ventures Clinic Eric Menkhus

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Technology Ventures Clinic Eric Menkhus

  1. 1. Technology Ventures Clinic Eric Menkhus Director, Technology Ventures Clinic Associate Clinical Professor, Sandra Day O’Connor College of Law
  2. 2. University Structure and the TVC Arizona Technology Enterprises (AzTE) Projects Work Product ASU Partners SkySong Parnters O’Connor Technology Ventures Clinic TVC Director WP Carey BHC Fulton CLAS
  3. 3. AzTE Invention Commercialization Process 10th Month: Go/NoGo Decision 2 PROVISIONAL PATENT FILING INVESTMENT IN PATENT FILING (12 TH MONTH) INVENTION DISCLOSURE 7 TH Month reminder DISCLOSURE ASSESSMENT Evaluate Completeness and Viability 1 1. BU/TVC does high level market assessment 2. Counsel/TVC provides patentability overview 3. Business unit makes Go/No Go evaluation 4. Inventor(s) provides information and materials TECHNOLOGY LICENSE DEAL STRATEGIC BUSINESS DEVELOPMENT BUNDLING OPPORTUNITY SPONSORED RESEARCH W/OPTION DEVELOP MARKETING/ COMMERCIALIZATION STRATEGY PROVE MARKET VIABILITY 1. BU/TVC/Inventor(s) identify and assess potential markets, partners and deal structures 2. BU validates through interaction with technology and evaluation by potential partners and industry experts 3. TVC supports marketing and evaluation as needed SPINOUT/NEW VENTURE CREATION 3 TVC heavily involved in the AzTE decision-making process! Should we file a patent application? How do we best get the technology to market?
  4. 4. TVC Basic Process Flow Requested Projects Project Identified Project Request Created Requesting Partner Qualified Resource Identified Project Assigned TVC Director Project/ Research Completed Documents Created/ Updated Update Meeting Held Project/ Research Initiated TVC Student Partner, TVC Dir., & Student Follow Up Items Identified Follow-Up Items Assigned (if necessary)
  5. 5. TVC Projects <ul><li>Technology Assessments </li></ul><ul><ul><li>Compare and Contrast Invention to those already in the marketplace </li></ul></ul><ul><ul><li>Positives and Negatives of the Invention </li></ul></ul><ul><li>Prior Art/Patent Analysis </li></ul><ul><ul><li>Analyze current patents in the area </li></ul></ul><ul><ul><li>Identify potential threats and potential partners </li></ul></ul><ul><li>Market Analysis </li></ul><ul><ul><li>Overall size of market </li></ul></ul><ul><ul><li>Market segmentation </li></ul></ul><ul><ul><li>Major players in the market </li></ul></ul><ul><li>Commercialization Strategies </li></ul><ul><ul><li>License vs. sell vs. spin-out a company </li></ul></ul><ul><ul><li>Identify potential licensees/partners </li></ul></ul><ul><li>Business/Marketing Plan Development </li></ul>
  6. 6. TVC Student Benefits <ul><li>Learn the technology transfer and technology entrepreneurship processes </li></ul><ul><ul><li>Technology Assessments </li></ul></ul><ul><ul><li>Patent/Prior Art Searches </li></ul></ul><ul><ul><li>Market Assessments </li></ul></ul><ul><ul><li>Commercialization Strategies </li></ul></ul><ul><li>Exposure to students from other areas of the university </li></ul><ul><ul><li>Law </li></ul></ul><ul><ul><li>“ The Sciences” (Chemistry, Biology, Physics) </li></ul></ul><ul><ul><li>Engineering </li></ul></ul><ul><ul><li>Business </li></ul></ul><ul><li>Attend a lecture series regarding tech transfer issues </li></ul><ul><ul><li>IP valuations </li></ul></ul><ul><ul><li>IP due diligence </li></ul></ul><ul><ul><li>Venture Capital Markets </li></ul></ul><ul><ul><li>Business Agreements and Structures </li></ul></ul><ul><ul><li>Sell vs. License vs. Joint Venture </li></ul></ul><ul><ul><li>Many more! </li></ul></ul>
  7. 7. Requirements <ul><li>Each participant will be asked to spend 15 -20 (law) or 10-12 (others) hours per week on their TVC project(s) </li></ul><ul><ul><li>You will be the project lead </li></ul></ul><ul><ul><li>You will be assigned project consultants, as necessary </li></ul></ul><ul><ul><li>Update progress weekly to TVC Director </li></ul></ul><ul><li>One hour each week will be spent in a TVC team meeting </li></ul><ul><li>Each participant will be asked to hold three ‘office hours’ each week </li></ul><ul><ul><li>The student sets their own ‘office hours’ </li></ul></ul><ul><ul><li>Must be during regular business hours (8am to 5pm) </li></ul></ul><ul><li>Remaining time is flexible </li></ul><ul><ul><li>Work at home, on campus, wherever! </li></ul></ul><ul><li>Credits earned through your department/school </li></ul><ul><ul><li>Law = 6 (15-20 hours/wk + 2 hr in classroom) </li></ul></ul><ul><ul><li>MBA = 4 </li></ul></ul><ul><ul><li>Everyone else = 3 </li></ul></ul>
  8. 8. Who should be interested? <ul><li>Not for every student </li></ul><ul><li>Helpful to students interested in </li></ul><ul><ul><li>Technology Entrepreneurship </li></ul></ul><ul><ul><li>Private Equity/Venture Capital/Investment Banking </li></ul></ul><ul><ul><li>Corporate or Patent Law </li></ul></ul><ul><ul><li>Intellectual Asset Management or Consulting </li></ul></ul><ul><ul><li>Business Development with a Technology-based Firm </li></ul></ul><ul><ul><li>Research and Development </li></ul></ul><ul><ul><li>Intellectual Asset Procurement or Licensing </li></ul></ul><ul><ul><li>Product Design </li></ul></ul>
  9. 9. Questions? Eric Menkhus 480.727.8856 [email_address] http://law.asu.edu/techventures
  10. 10. Still Interested? <ul><li>Put your name on the list up front to request an application form </li></ul><ul><li>Fill out and send a TVC Application Form to Eric Menkhus, TVC Director </li></ul><ul><ul><li>[email_address] </li></ul></ul><ul><li>Interview </li></ul><ul><li>If chosen, work with your department to sign up for the associated course </li></ul><ul><li>Attend the orientation session, which will be scheduled for the Friday before the semester officially begins </li></ul>

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