Our mission
University of Washington
Evolving to Meet Faculty Needs
To extend the impact of University of
Washington research through the creation
of partnerships that encourage investment
in innovation
Fiona Wills
Director, Technology Licensing
UW TechTransfer
Tokyo Medical Dental University
January 23, 2009
Universities Contribute to Building
Wealthy Regions
Building Wealthy Regions
Focus on "grow your own" strategies for technology development. …
entrepreneurial development deserves far more attention relative to
marketing and recruiting-based strategies. The establishment of
robust networking, mentoring, and startup capital programs,
combined with improvements to infrastructure, education, and real
estate offerings are key to enhancing the competitiveness of local
firms.
Find ways to link research institutions to the local economy. Research
institutions play an important role in fostering and supporting
technology-based development through the generation of
commercially viable ideas, training sophisticated workers, and
problem-solving for local companies.
Spreading the Wealth: Building a Tech Economy in Small and Medium-Sized Regions
Labor Markets, Technology, U.S. Economy, Cities, Community Development
Deena Heg
Paul Sommers
The Brookings Institution
October 2003
Many Parts of the Process to Master
Strong intellectual infrastructure
Efficient mechanisms to transfer technology
between people and institutions
Excellent physical infrastructure
Highly skilled technical workforce
Good sources of capital
Entrepreneurial culture
Quality of life
Success Rate for Technologies
Investment Capital
Local Business Climate
Proof of Concept Funding
Entrepreneurship
Opportunity Recognition
Intellectual Property Protection
Personnel
Development Capital
Technology Solutions
Technology Concept
Market Access
Innovation Infrastructure
Market Size
Research Personnel
Research Result
1
New or Existing
Commercial
Enterprise
10
100
1000
Technology Solution
New or Existing
Commercial
Enterprise
Technology Concept
R&D Funding
Market Timing
Zeal
Research Result
Facilities
Research Time Delay
Support Concepts
Cultural Motivation
Random Factor
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UW TechTransfer Fast Facts
Goals and Interests of UW TechTransfer
UW TechTransfer manages a total patent portfolio of over 2200 issued and
pending patents
Aid Recruitment and
Retention of Talent
Contribute to Economic
Development
Generate
Financial
Resources
244 companies have been started by UW students and faculty or with UW
technology.
Promote Ties to
Community/Industry
Socially Responsible Broad
Dissemination and Impact and
of UW Technologies
In FY08, 571 researchers from 81 departments disclosed innovations to UW
TechTransfer, increasing the number of departments UW TechTransfer worked
with by 27 percent.
.
UW innovators earned $10 million from their successful technologies in FY08.
.
UW TechTransfer revenues contributed over $16 million in FY08 to UW’s
Royalty Research Fund, whose purpose is to advance new directions in
research.
Traditional metrics
200
150
100
50
0
Non-commercial Dissemination
250
400
350
300
250
FY04-FY08
233
268
310
335
349
16 7
1 50
FY05
FY06
22 6
FY07
198
200
2 00
13 3
151
1 66
100
50
FY08
Patents filed
50
205
153
150
1 00
Disclosures
FY04
2 50
109
101
Licenses
0
0
FY04
Research $ (1B/yr)
Disclosures
Licenses
Licenses w/$
Revenue
Start ups
FY05
FY06
FY07
4th
10th
3rd
4th
14th
8th
FY 04
FY08
FY 05
FY06
FY07
FY08
~500 outgoing Material Transfer
Agreements
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
Equity
Revenue
UW TechTransfer
$25,000,000
$20,000,000
> 6,000 licenses were executed for
academic no-charge software/content
$15,000,000
WRF
$10,000,000
$5,000,000
$0
FY04 FY05 FY06 FY07 FY08
Top Ten Revenue
Generating Technologies FY2008
Technology Licensing Strategy
Technology
Revenue
FY2008
Polypeptides in Yeast
$29,913,187
Disclosure
Date
1982
Clotting Factor/Factor IX
$6,022,807
1982
Hepatitis B Vaccine
$2,016,413
1981
Tape Management Library for STK 4400 Systems
$931,975
1992
Metabolism-Based Drug Interaction Database
$816,640
1999
Mass Spectrometry Fragmentation Patterns of Peptides
$415,121
1994
Flow Cytometry Technologies
$764,867
1995
High Intensity Focused Ultrasound for Intraoperative Ablation
$374,731
2001
Monoclonal Antibodies for Cancer Diagnostics
$277,776
1985
Price Mining Software
$258,050
2003
Relationship based management
Early relationships with investigators and business community to achieve superior
commercialization results
IP strategy designed with investigator needs and desires as focus
One stop shopping for investigators, no way to get lost between groups
Innovative IP and licensing strategies propagated across a broader
range of projects, responsive to increasingly complex research
environment
Licensing terms responsive to current and emerging business models
Best practices of both licensing groups maintained and fostered
Domain specializations of copyright, patent, and trademark expertise
Licensing Managers supported to facilitate excellence
First class resources including LaunchPad and Informed Research
Efficient IT support
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Innovation is embryonic
Doesn’t work outside the lab
Can’t make robust enough
Doesn’t scale
Cost to manufacture
Efficacy – regulatory hurdles
Long development timeline
Uncertainty of market
Competition
Acceptance – not developed to meet a need, reimbursement
Equals Significant financial risk
Translational Research Programs
W. H. Coulter Foundation Translational Research
Partnership Program Coulter
Research Awards with Bioengineer and Clinician
Business Plan Fellowships
Institute of Translational Health Sciences
IND Support
Project Funding Awards
Business Plan Fellowships
WRF Gifting Program
Gifts to promising projects needing small amounts of
seed funding ($5,000 - $50,000)
Technology Gap Innovation Fund
Up to 20 grants per year of $50,000 each
Designed to enhance the commercial value of UW
discoveries
Royalty Research Fund and WRF provided funds
External review panel assess based upon:
Increased ability to license discovery or to start a company
Commercial potential
Reasonable Milestones
$2.4 million in Technology Gap Innovation Funds (TGIF)
have been awarded to 49 projects since the program was
introduced in 2004.
Gap Funding
from technology to product, from grants to sales.
Commercialization Grants
Seed Investment
TGIF (WRF & UW) - new match!
Life Sciences Discovery Fund
Coulter Foundation Funds / Endowment
WSIB Funded Bridge Fund
UW Angels Alliance
Grants
Industry Investment
Resources
Risks in Early-Stage Innovations
Research
Bench
Development
Pilot
Production
Scale Up
Life Sciences Discovery Fund
$35 million/year for 10 years
Goals
promote health
make the life sciences industry more competitive
strengthen Washington's economy
Two funding competitions per year
Innovative Programs to Advance Health Research
Beneficial Applications of Technology for Health Care
Quality and Cost Effectiveness
TGIF Licensing Successes
Rose Ann Cattolico of Biology will optimize the industrial-scale culture of a high lipidcontaining strain of algae that produces biofuel.
James Preston Van Hooser of the Comparative Medicine Department, will construct, test, and
evaluate a novel hands-free workstation to decontaminate animal cages in specific pathogenfree environments.
Vikram Jandhyala, Electrical Engineering, for enhancements to a unique suite of simulation
software for designing micro- and nanoelectronics.
David Koelle of Medicine will create and test a second generation vaccine for Herpes Simplex2 (HSV-2), the virus that causes genital herpes.
Shaoyi Jiang of Chemical Engineering will develop and test a marine coating paint made with
highly effective antimicrobial compounds that are non-toxic to the environment, unlike metalbased paints currently used to coat marine vessels.
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LaunchPad
LaunchPad EIR Program
Partnering to catalyze business formation
People
Resources
UW Researchers
UW TechTransfer
LaunchPad
Teams
• Innovation
• Manage IP Assets
• Aggregate IP Rights
Entrepreneur-in-Residence Program
Company
Creation
• Plan
VCs
Entrepreneurs
Business Leaders
• Mentoring
• Networking
• Strategic Planning
• Market Focus
• Mentor
• Analyze
Company
Creation
Serial entrepreneurs invited to pursue their next opportunity via
UWTT
Minimal stipend to cover necessary incidental expenses
- EIRs accept because of good will and opportunity
Mentoring faculty and students
Building team, business case, early investment, and market
development
Broader and deeper VC relationships
• Guide
UW Business
UW Law
• Competitive Analysis
• Legal
Company
Creation
Technology Development Funds
Available to Companies
Washington Technology Center
Research & Technology Development Granting
Program ($100,000 - $300,000)
UWTT Strategic Initiatives:
Informed Research
Industry and investment advisors early in the
innovation cycle
SBIR/STTR Federal granting programs
Use industry information to put research in
context: choices, details, directions, needs
Seed VC Funding
Industry connections may foster more industrially
sponsored research
UWTT Strategic Initiatives:
Research Commons
Create significant research communities with
UW at the hub
Found an expanding community of use
around UW research data set
Metrics for our new mission
Prospective faculty/grad students meeting with UWTT
Researcher participation in guided invention sessions
Researchers (new/veteran) working with LaunchPad
UW-originating startups
Venture investment in UW startups over time/years out
Private equity: held/realized proceeds
Venture capital firms backing UW startups
UWTT speculative investment in IP (patent budget)
% of innovations and patents that are licensed over 5
year period from speculative investment
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Thank you
Fiona Wills, Ph.D.
Director, Technology Licensing
UW TechTransfer
University of Washington
4311 11th Avenue NE, Suite 500
Seattle, WA 98105
Voice: 206-543-3970
Email: [email protected]
Additional information can be found on the UWTT website at:
www.depts.washington.edu/techtran
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