2015 ASPIRE Module: Technology Commercialization

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The ASPIRE Modules are short, non-credit bearing electives that broaden the training experiences of biomedical sciences trainees. These elective modules provide efficient exposure to topics in three theme areas: Business/Entrepreneurship, Communication, and Clinical research.The ASPIRE Modules are optional and open to any biomedical sciences PhD student or postdoctoral fellow who wishes to take them to supplement their research training. Class size may be limited, however, and will vary by module. 

 

Module Title: Technology Commercialization

Director: Michael Villalobos, Ph.D., Manager, Biotech Licensing, and Thomas Utley, Ph.D., Licensing Officer, Vanderbilt Center for Technology Transfer and Commercialization

Time: Mondays, 3:00-4:00pm, September 21- October 26, 2015 

Content: IP Fundamentals, federal statutes, academic technology commercialization process, translational research, early stage product development, entrepreneurship, new venture creation, sources of funding.

Class size: Not Limited 

Registration requirement: 1-4 sentence interest statement for Instructor

REGISTER HERE.

Deadline: August 21, 2015

 

Syllabus

Commercialization of basic and applied research has become an increasingly important element of the mission of most US universities and academic medical centers. Commercialization of academic innovations enables the flow of resources to develop new and improved products for public benefit, contributes to local economic growth and creates new high value employment opportunities. The need for scientists to understand the fundamentals of technology protection and commercialization to be competitive for Government, foundation and industry funding is rapidly growing, and is a necessity for entrepreneurial researchers interested in working with technology-based new ventures. For those scientists looking for alternative careers to academia, this course will provide a foundational understanding of commercializing early stage technologies.

I. Societal impact of technology commercialization

II. Federal statutes covering ownership and commercialization of university inventions

III. Intellectual property fundamentals

IV. The academic technology commercialization process

V. Translational research and early stage product development

VI. Entrepreneurship and technology-based new venture creation

VII. Sources of funding available to academic researchers and entrepreneurs

Learning Objectives: At the conclusion of the class, students will be able to differentiate between ideas and inventions, and will be able to apply basic assessment principles to determine commercial feasibility of new innovations. Students will also be familiar with basic corporate and transactional documents, such as balance sheets, cap tables, term sheets and licensing agreements. Students will also be able to identify sources of early stage technology development and be armed with the means to pursue non-traditional funding sources.

Schedule:

9/21/2015

Evolution and Impact of Technology Commercialization – Mike Villalobos

  •         History of the technology transfer
  •          The evolution of the laws that shape the industry
  •          Technology transfer as an economic engine
  •          Societal impact of academic inventions

 

10/05/2015

An Intellectual Property Primer – Tom Utley

·        Types of intellectual property

·         Patent process

·         Ownership of IP

10/12/2015

Intellectual Property 2.0 – Tom Utley

·         Patent prosecution timeline and costs

·       US vs Foreign

·       Case studies for business strategy

10/19/2015

Technology Commercialization 101 – Jody Hankins

·         Academic commercialization strategies

·         Role of translation research

·         Early-stage product development

10/26/2015

Start-up company considerations – Rigved Joshi and Shawn Glinter

11/02/2015

Funding a startup company – Rigved Joshi

11/09/2015

FDA considerations – Axel Strombergsson