Innovation and Societal Impact - Vanderbilt University

Innovation and Societal Impact

How you can get more out of your research, and how CTTC can help

What is Innovation?

• Development, refinement and new application of technology

• Conversion of knowledge and ideas into valuable better business, products and services

• Evolutionary process of increasing the capability to apply a technology

What is Innovation?

To be a true innovation, a product, service or company must have three elements: • it has to be unique, • it has to bring real value to the customer, and • it has to be commercially viable.

Innovation vs Invention

Not all great ideas are innovative

How do they get the vitamin D in the milk?

Hypothesis

Grant application

RESEARCH CYCLE

RESEARCH CYCLE

Funding ($)

Grant applicationHypothesisHypothesis

RESEARCH CYCLE

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RESEARCH CYCLE

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Research

Discovery

Hypothesis

RESEARCH CYCLE

Funding ($)

Grant application

Research

Discovery

Publication

idea

Hypothesis

INNOVATION CYCLE

Research

Innovation

Research

idea

INNOVATION CYCLE

Research

Innovation

Research

Patents / Licenses

idea

CTTC

INNOVATION CYCLE

Research

Innovation

Research

Patents / Licenses

Products, Services, Jobs

idea

CTTC

INNOVATION CYCLE

Research

Innovation

Research

Patents / Licenses


Royalties ($)

idea

CTTC

IMPACT CYCLES

Royalties ($)

Research

Innovation

Patents / Licenses


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Discovery

Publication

Grant application

IMPACT CYCLES

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S

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Patenting and Publishing

“Patenting has a positive effect on the rate of publications”

– Azoulay, P., W. Ding and T. Stuart, 2009, “The Impact of Academic Patenting on the Rate, Quality, and Direction of (Public) Research”, The Journal of Industrial Economics, 57(4), 637‐676.


Academic inventors “publish more and better quality papers than their non‐patenting colleagues”

– Breschi, S., F. Lissoni and F. Montobbio, 2008, “University patenting and scientific productivity. A quantitative study of Italian academic inventors”, European Management Review 5, 91‐110


“Inventors publish significantly more than their colleagues who work in similar fields and who have similar career characteristics.”

– Van Looy B., K. Debackere and J. Callaert, 2006, “Publication and Patent Behaviour of Academic Researchers: Conflicting, Reinforcing or Merely Co‐existing”, Research Policy 35, 596‐608.


“…if applied effort leads to publishable output as well as licenses, then research output and the stock of knowledge are higher with licensing than without.”

– Thursby, M., J. Thursbay, and S. Mukherjee, 2007, “Are there Real Effects of Licensing on Academic Research? A Life Cycle View”, Journal of Economic Behavior & Organization 63(4), 577‐598.

Role of CTTC

Serve the Vanderbilt community by assisting University inventors in bringing their innovations to practical application for the benefit of the public

Role of CTTC

Help ensure your research achieves IMPACT in the world

In other words:

CTTC’s Function

License inventions to industry

Help launch new Start Up Companies

Business Development / Industry Funding

What Does CTTC Do?

Core Operations• Technology evaluation, protection

and licensing• New venture assistance• Federal Government compliance

(Bayh‐Dole)• Medical Products Support

Services (MPSS), including medical device regulatory affairs advisement (MDRAP)

Other Key Functions• Material Transfer Agreement

processing• Education/training• Industry research contract

support• Committee/board

participation• Strategic consultation for VU

and VUMC

What Does CTTC Do?









and VUMC

What Does CTTC Do?









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Importance of Innovation

Since the public is paying for most of the research, it is important for them to see the benefits of innovations resulting from academic research in their lives.

Innovation improves the quality of life for citizens and patients.

Societal Impact

Saccharin

Vitamin D milk

Insulin

Electron microscope

Streptomycin

Magnetic memory

Gatorade

LCDs

Coumadin

Polio vaccine

Hepatitis B vaccine

Cysplatin

Restasis

MRI scanner

TaxolEmtriva

Allegra

PET/CT scanner

Rocket fuel

Plexiglas

Penicillin

Pap smear

Pacemakers

Remicade

Neupogen

Fluoride toothpaste

Tyvaso

Economic Impact of Tech Transfer

2014 statistics


2014 statistics


2014 statistics


2014 statistics

Arts and Sciences Serial Inventors

A &S School Inventions

03691215182124

2012 2013 2014 2015 2016

# of Disclosures by Year

# of Disclosures

• Total number of disclosed technologies: 377• Disclosures in the last ten years: 233• Number of active technologies: 150• 44 technologies have been included in licensing transactions

Products on the MarketMolecular Sensing, Inc. –

Back‐scattering InterferometryFemtoMetrix, Inc. –

Harmonic F1x

KIYATEC, Inc. – Rotary micropumps and microvalves

Wrap Up

• There is more than one way for your research to achieve IMPACT

• Innovation in research is a moral imperative – if not you, who?

• CTTC has experience and expertise in helping your innovations achieve societal impact.

Questions?

Backup Slides

Innovative Research

(competing?) Objectives

• Revenue Generation


• Revenue Generation• Faculty Service


• Revenue Generation• Faculty Service• Regional economic development / job creation


• Revenue Generation• Faculty Service• Regional economic development / job creation

• Societal benefit


• Revenue Generation• Faculty Service• Regional economic development / job creation• Societal benefit• Partnership development / cultural enrichment


• Revenue Generation

• Faculty Service• Regional economic development / job creation• Societal benefit• Partnership development / cultural enrichment

Value‐add mindset• Proof of concept• Incubation• Prototyping• New ventures

Service, Service, Service

Commercialization is ultimate goal, not patents

Creating value for VU can take a variety of forms, not just licensing

• Industry collaborations• Philanthropy • Grant funding• Venture investment

CTTC Operations

Technology Commercialization– Evaluation of new inventions– Protection of new inventions– Marketing of technology to industry

• Alternatively, supporting the creation of new ventures to commercialize technology

– Drafting, negotiating and executing technology license agreements

– Revenue invoicing and distribution– License compliance monitoring

CTTC Operations

Protection of IP further includes:– Selecting of patent counsel– Overseeing the drafting, filing and prosecution of patent applications

– Registering of copyrights– Obtaining assignment and other formal documents necessary for patent protection

CTTC Operations

New Ventures– Assessment of new venture ideas

– Assistance and entrepreneurial support to faculty, staff, students

– Co‐PI on NSF I‐Corps grants and participation on I‐Corps teams

CTTC Operations

Federal Compliance Reporting– Bayh‐Dole Reporting

• Invention reporting• Election of title• Confirmatory license to funding agency• Utilization reporting

– Veterans Administration: all joint IP invention management activities

CTTC Operations

Medical Device Regulatory Affairs program• Promote the success of faculty’s medical device R&D

through FDA regulatory affairs support– Assisting with ensuring compliance with FDA design

control regulations– Assisting with grant writing support vis‐a‐vis regulatory

issues– Advising on medical device FDA product type

categorization– Advising on regulatory pathway strategy– Facilitating interactions with and review by IRB– Providing information, education, training, and review for

all involved in regulatory support of medical device R&D– Assisting in commercialization of medical devices and

industry engagement

CTTC Operations

MTA Management– Process ~1000 MTAs each

year to enable research– Implemented MTAShare

system to streamline MTA processing

CTTC Operations

Education and Training of Vanderbilt community– Presentations and training sessions on fundamentals of IP, recent case law, commercialization process, etc.

– Lectures as part of formal Vanderbilt programs –ASPIRE, IMPACT, others

CTTC Operations

Research Contract Support– Review IP and commercialization‐related terms in SRAs, CTAs and collaboration agreements

– Provide revised language and negotiation support to OCM and SPA

– Track review times to assure minimal delay in executing research agreements

CTTC Operations

Fulfill IP obligations under other grants and contracts

– Invention reporting to sponsors– Track IP obligations and limitations for resultant technologies

– Negotiate licenses with Sponsors exercising their option to access IP

CTTC Operations

• Strategic consultation on collaboration opportunities

• Participation, as requested, on boards of directors of portfolio companies

• Committee service

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Products and services outlined on CTTC.co

Innovative Vanderbilt products on the market

Documents

Innovation and Societal Impact - Vanderbilt University