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5 Emerging Best Practices in Translating University Research into Innovation
Pages 20-24

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From page 20...
... , and Orin Herskowitz, director of Columbia University's Columbia Technology Ventures, together provided some context about university technology transfer and described some of the emerging trends and trade-offs in technology transfer that might be relevant to the ERCs. Dean Chang, associate vice president for innovation and entrepreneurship at the University of Maryland, discussed lessons learned from NSF's Innovation Corps (I-Corps)
From page 21...
... universities' 85 f technolog transfer act gy tivities lose money, with th bulk of lice m he ensing revenu accruing t a small sub ues to bset of universsities from a small number of "blockbus s r ster" products In fact, one AUTM Lice s. e ensing Survey y found that less than 40 percent of lic t censes genera any reven and less than 1 percen of licenses ated nue, nt generate more than $1 million in an m nnual licensing revenues.
From page 22...
... Campus entrepreneur s rship is showing explosive growth, and the number o discovery e d of outcomes from multidi isciplinary an multi-unive nd ersity collabo ncreasing, whi increases the orations are in ich complexit of licensing activities. The changing patent landsc ty g T cape will have an undeterm e mined impact on technolog transfer, as will the incre gy easing import tance of, and experimentat tion with, so-called alterna ative licensing approaches su as patent pools and "click-licensing uch g."
From page 23...
... The goal is to learn." Herskowitz noted that most of the value that Columbia University gets from its similar Lean LanchPad program is that it gets its inventors out of their laboratories and into the offices of potential customers. As an example of the power of talking to customers, Chang recounted the story of an experience that Doug Dietz, a GE engineer who was the principal designer of the magnetic resonance imaging (MRI)
From page 24...
... Herskowitz agreed with both of these comments, adding that while Google actually did begin with a patent license from Stanford University, that license has not driven most of the company's success. He also noted that technology transfer offices are increasingly providing other services to support entrepreneurship and commercialization activities that go beyond patents.


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