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Technology Transfer Office

Technology Transfer Office . Seamus Coyne, Ph.D Neil Ferguson, Ph.D Commercialisation Executives Technology Transfer Office (TTO). Agenda. TTO roles & responsibilities TTO commercialisation process NUI,G policy Distribution of revenues.

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Technology Transfer Office

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  1. Technology Transfer Office Seamus Coyne, Ph.D Neil Ferguson, Ph.D Commercialisation Executives Technology Transfer Office (TTO) Ignite Technology Transfer NUI Galway

  2. Agenda • TTO roles & responsibilities • TTO commercialisation process • NUI,G policy • Distribution of revenues Ignite Technology Transfer NUI Galway

  3. Technology Transfer Office - Roles & Responsibilities • Ensure Identification & Protection of Intellectual Property (IP) • Facilitate Research Groups in Identification of • Industrial Partners / Collaborators • Licensees • Financial Backers (e.g., VCs) for spin-out companies • Provide policy advise & support for commercialisation of research output Ignite Technology Transfer NUI Galway

  4. Technology Transfer Office - Roles & Responsibilities • Support various grant initiatives • Manage Incubator labs (23) • Manage & develop Bio-incubator labs (5) Ignite Technology Transfer NUI Galway

  5. TTO Commercialisation Process Ignite Technology Transfer NUI Galway

  6. The technical assessment defines the inventive concept, its theoretical basisand scope, as well as potential commercial applications and technical value. • 1. Technical Description of the Invention • Problem / Solution Approach • Identification of commercial applications • 2. Review current state of the art • What’s novel? • How might a competitor benefit? • Where is the profit advantage? • 3. Prototype Development • Present and Demonstrate Invention • May discover more ideas Technical Evaluation Ignite Technology Transfer NUI Galway

  7. Ignite Technology Transfer NUI Galway

  8. Market Research Identify Market Segment Size of markets Market trends Regulations & Restrictions Product Sales Identify Competitors How big are they? Who are their partners? How much they invest in R&D? How many Patents? Commercial Evaluation Identify Distribution Channels Who are the distributors? What trade shows do they attend? How are new products introduced to them? What are their profit margins? Ignite Technology Transfer NUI Galway

  9. Ignite Technology Transfer NUI Galway

  10. Commercialisation Route Technical Cost of commercialisation Platform Technology Window of Opportunity Stage of development Commercial No. of players in the market Size of market (HPSU) Entry requirements…barriers to entry People Inventors Wishes Business Skills Ignite Technology Transfer NUI Galway

  11. IP Commercialisation

  12. Examples of Technology Transfer Approaches • License to External Third Party • 3RD Party develops & commercialises technology • Passive Involvement of NUI-G / NUI-G Inventors New NUIG Technology • License to New Spin-out Company • Spin Out develops & commercialises technology • NUIG Inventor goes to Spin-out Ignite Technology Transfer NUI Galway

  13. Ideal License Agreement • Up-front License Income (upon signing License Agreement) • Milestone Payment(s) (upon hitting key agreed targets or milestones) • Royalty Income = % of Net Sales or Revenue • % of any future License Income [on future sub-licenses of Technology / IP to other 3rd Party(ies)] • Equity Position • Dividend payments Ignite Technology Transfer NUI Galway

  14. Distribution of revenue from royalties, other income Goal: create stronger incentive for inventors & faculty participation in technology transfer NUI Galway Ignite Technology Transfer NUI Galway

  15. Thank you Any Questions? Ignite Technology Transfer NUI Galway

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