eu-us innovation seminar john fraser autm, immediate past-president executive director,...
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EU-US Innovation Seminar
John FraserAUTM, Immediate Past-President
Executive Director, CommercializationFlorida State University
Florida State University
Global Pharmaceutical Regulation 2007: Tackling Regional Priorities
Florida State University College of Law
Tallahassee, Florida April 5-7, 2007
Prof Fred Abbott: [email protected]
Attendees: Individuals from – WHO, WIPO, MSF; PAHO; Washington DC, Argentina, India, etc
What is AUTM?
• The professional association that brings together 3500 technology transfer professionals in more than 30 countries to define, develop and promote leadership excellence in academic technology transfer – 66% are employed in academic technology transfer
offices. 33% are in corporations, service businesses or government.
– 80% reside in the US, 9% in Canada and 11% in other countries.
– 2050 attendees at AGM in San Fran from 36 countries
What do we do ?
We impact the economy by partnering with the private sector to develop products that save lives, improve the quality of life and increase productivity and competitiveness.
The Mission
Universities have a social contract with society. In return for public funding, universities will educate the next generation, create knowledge about the world and its problems and perform community service (clinical studies, economic development).
Academic technology transfer is a relatively new activity within the social contract.
The Mission
To enhance the reputation of our institution by helping them achieve their goals of education research and community service by facilitating research partnerships with the private sector to the long term benefit of all.
Build the research base !
The strategy is to assist development of products with an outcome of saving lives, improving the quality of life and enhancing productivity and global competitiveness.
I will talk about:
What we do.and
How well we do it.
Outcomes, Impact, not inputs and outputs.
Purpose of Bayh-Dole Act
• Created to specify with certainty, the ownership of inventions from federally funded research in universities and small businesses.
• Created to provide incentives and responsibility for commercialization.
• Created as a Job Creation Act and an Economic Development Act.
• Insisted on manufacturing in the USA.
Sequential model of development and funding
Outputs: Growing volume of US academic technology transfer
• $41 billion in US R&D expenditures (FY’05);• 4,932 new licenses;• 28,349 current active licenses;• 527 new products introduced in the market; • 3,641 new product introductions in last 8
years• 628 new spinout companies;• 5,171 new spinouts since 1980.
New Metrics
• Recognition that technology transfer is part of the core mission of the academic institution.
• Its impact is beyond the traditional AUTM metrics.
• Its external impact is to society – outcomes - in lives saved, patients with improved quality of life and increasing industrial productivity
New, New, New
• AUTM practitioners are reaching out to academic scholars to research our field;
• In the Public Interest: Nine Points to Consider in Licensing University Technology(Chronicle of Higher Education – Mar 7/07);
• New Metrics: (outside TTO, internal Univ; outside Univ, community based);
• Embracing our role in local economic development;• Preliminary results of publicly funded research
inventing a molecule now a FDA approved drug.
Where is the Action ? Fiscal Year 2004, billions
• University expenditures for research: $ 42.3
•From federal sources: $ 28.3 (67%)
•From Industry: $ 3.0 (7%)
•University Licensing Income: $ 1.4 billion
•FY 1996. % licensing deals in life sciences – 64%. % income from life sciences 80%
Where is the Action ?
FY Total
Licenses Options
Start-Ups
Small Co’s
Large Co’s
‘99 3,792 12% 50% 38%
‘04 4,624 14% 54% 32%
U’s
FY2005
% FTEs % 3yr cum Royalties
% Median Age
Top 20 14% 234 35% 2,357 B $$ 77% 1983
Top 30 21% 322 48% 2,597 B $$ 85% 1983
All 141 100% 667 100% 3,064 B $$ 100% 1989
Gardeners in the Garden with Tools over Time
AUTM Data FY 1991-2000
100,000 disclosures (discoveries)
$200B +Research
Opportunity Assessment
(Triage)
50,000Patent Applications
25,000 Licenses50% <$10k cum.
125 > $1M/year2,500
Start - ups
$2M : 1 disclosure
• Commercial potential• Technical advantages• Protectability• Inventor profile
50% do not move forward
25%(10% lics / 2.5% discl.)
Positive exit (liquidation)
License Income (0.5%)
From Disclosure to Patent Royalties
The Annual Survey tells: What we do.
The Better World Report tells: How well we do it.
AUTM’s Better World Project
• Telling the story of the outcomes of technology transfer in human terms
• An e-database of stories from Canada, the US, the UK.
• Two publication (and e-versions) with stories highlighting social and economic impact
• Of the 125 stories, 20% were products developed by university licensed start-up companies.
• Anecdotal evidence to supplement our Licensing data.
Why is AUTM doing this?
To communicate the value
of academic technology transfer
Tactical Mobile Power Technology: 10-kilowatt Vehicular Power Source (VPS-10K) Mississippi State Univ.
Chirp Sonar to Locate Underwater Buried Objects Florida Atlantic Univ.
TPMT: Diagnostic Test to Tailor Drug Dosage to Genetic Profile St. Jude Children's Research Hospital
Optigrate Inc. Method of Developing Holograms Univ. of Central Florida
Underwater In-Situ Mass Spectrometer Univ. of South Florida
Restasis Univ. of Georgia
AU MEDS Auburn Univ.
FoodSource Lures Auburn Univ.
Helping Emphysema Victims Breathe Again Univ. of Florida
Falconview Georgia Inst. of Technology
Sponsored Programs Database Western Kentucky Univ.
Partners for a Healthy Baby: Home Visiting Curriculum Florida State University
TN
KY
MS
AL GA
FL
Diverse MarketsAgriculture 28Biotechnology 23Chemical 9Computer 8Construction 5Educational 18Electronics 23Environment 9Food 7Health Services 12Information Services 6Machinery 3Medical 102Miscellaneous 29Pharmaceuticals 57Software 18
TOTAL 357
The Real Issues – Culture• Companies value secrecy. Universities
value dissemination of information;• Companies value the bottom line.
Universities value peer appreciation;• Companies define the direction of
research. Faculty follow the research results.
• Companies value attribution via patents. Faculty value attribution by publications
Macro Success FactorsInnovation Climate (Start-Ups)
- treatment of entrepreneurs - financial environment
- risk tolerance - liquidity of investments
- demographics of country/city
Innovation Climate (Existing Companies) - NIH, globalization