bio ventures presentation introduction
TRANSCRIPT
UAMS BioVentures – Introduction
April 5, 2016
What is BioVentures
BioVentures Introduction
Three major functionsLicensing intellectual property
Invention disclosures, patents, copyrights, proprietary materialsMarketing and licensing to third parties
Developing spin-off opportunitiesIntellectual property, people, money
Managing BioVentures incubator
What is Intellectual Property?
A man-made creation that has commercial value and can be protected by law. Intellectual Property law protects inventions and creative expressionsExamples of Intellectual Property include: art, music, medical devices, company logos, medicine, and methods of manufacturing
How Does Intellectual Property Relate to You?
UAMS researchers regularly deal with issues of Intellectual Property, ours or othersMany of the innovations, inventions, and improvements developed in our facilities can be protected under Intellectual Property lawAs a UAMS employee or student, you may be directly involved with generating Intellectual PropertyAll employees and some students are required to assign such Intellectual Property to UAMS if:
UAMS pays you a salary/stipend or your research is supported by UAMSThe Intellectual Property relates to your role at UAMS
Types of Intellectual Property
Copyright Trademarks
Trade Secrets Patents
CopyrightProtects sound recordings, paintings, visual expressions of an idea, written works, forms and softwareCopyright protection gives the owner the right to:
Reproduce the workPrepare derivative worksDistribute or sell copies of the workPublicly perform or display the workPerform the work by means of audio transmissionMoral rights in the work (if the work is a visual art)
TrademarksTrademark protection covers a word, name, symbol, or device, which is used to distinguish the goods of one person from goods of othersTrademark protection is also used to identify the source of goodsTrademarks are categorized as:
Service marks, certification marks, collective marks, and indications of origin
Trade SecretsInformation that has actual or potential economic value because it is not known or readily ascertainable by othersThe person/organization in possession of the secret must use reasonable efforts to keep it a secretThere is no registration process for a trade secret so a secret must always be closely guarded in order to have protection
Patents
A patent is the legal protection of an invention. A patent is not automatically granted when the invention is created. An inventor must apply for patent protectionPatent protection extends to any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvementPatent protection essentially covers “anything under the sun that is made by man”
The Bayh-Dole ActProvides the legal framework for transferring university generated, federally funded inventions into the marketplaceIn return for federal funding, UAMS is required to provide the following:
A written agreement to disclose inventions and assign them to UAMS from all employeesUAMS is obligated to disclose each new invention made with federal funding to the governmentUAMS must make reasonable efforts to commercialize the inventionUAMS must provide mandatory compensation to the inventor(s)
As an employee of UAMS, you are required to disclose all innovations and inventions
Government Sponsored Research
Research that is funded either partially or fully by the GovernmentThe inventor is required to disclose government sponsorship in the patent applicationGovernment receives a license to practice the inventionGovernment has march-in rightsFailure to disclose the invention to the government can result in the government taking the patent rights
Licensing expectations: UAMS as LicensorBayh-Dole act (1980) allowed institutions to patent discoveries made with federal $--but caveats attached to licensing those patents:
Preference for US companies; small business over largeNo assignment of rights (license instead)Grant non-exclusive rights to US Gov’tUS manufacturing requirements (flexible)Distribution of $ to inventors Actively promote commercialization of inventions (diligence, non-exclusivity)
So You Think You Have a Intellectual Property?
XDisclose/publish
Submit Invention or Copyright Disclosure
BioVenturesDisclose/publish
X
BioVentures Introduction
Intellectual Property LicensingTechnology/asset assessment
Prior art/competitionMarket assessment
IP prosecution managementLicensing
MarketingAgreement negotiation
BioVentures Introduction
Spin off companiesResource for company formation with SBIR or STTR fundingAssistance with business plan draftingIntroduction to management resources to run the businessNetworks to assist with financing and growth of the business
BioVentures IntroductionKnow How Spinoff Companies
CTEHeDoc America
Copyright Spinoff CompaniesHD NursingNaptime Academy
Trademark Spinoff Companies (with know how)Angel Eye Camera Systems
Patent Spinoff CompaniesStage I DiagnosticsInterveXionAcetaminophen Toxicity Diagnostics
BioVentures Incubator
Incubator Facility401 South Cedar Street
BioVentures 2015
FY15 Invention/IP Disclosures
27 Received12 Provisional applications5 Non-provisional applications4 Copyright registrations6 Returned to inventors
FY15 License Agreements
Seven license agreements completedThree to spinoff companiesOne for hospital technology developed by RN and a surgical technician
Two license agreements in negotiation
FY15 Intellectual Property Revenue
For the first time since BioVentures was established, IP revenues exceeded $2 million
Total = $2.3 million
BioVentures – Thank You
ContactsFor intellectual property and licensing
Nancy Gray ([email protected])Joe Underwood ([email protected])
Spin-off supportBen Wofford ([email protected])
BioVentures operationsTeresa Shaddock ([email protected])
General inquiriesAlison Gill ([email protected])