Education System IP Processes for the Commercialization and Licensing of Different Innovations

UR Ventures by the University of Rochester, Innovation and New Ventures (INVO) by Northwestern University, Tech Launch Arizona by the University of Arizona, and Brandeis innovation by Brandeis University are examples of standardized education system intellectual property (IP) processes responsible for the commercialization and licensing of different innovations arising from research done at the respectful universities.

1. UR Ventures

2. Innovation and New Ventures (INVO)

  • The Innovations and New Ventures Office (INVO) helps Northwestern University innovators and entrepreneurs develop and commercialize technologies.
  • In 2019, INVO disclosed a total of 230 inventions, of which 67 or 29% were from the Weinberg College of Arts and Sciences; 96 or 42% from Feinberg School of Medicine; 91 or 40% from McCormick School of Engineering; and 29 or 13% from other schools.
  • During that year, INVO recorded 501 patent applications, executed 156 agreements, issued 172 patents, and established 12 startups.
  • Financially, INVO generated $7.9 million in licensing revenues, while the university’s annual sponsored research funding reached a record $797.8 million. Thus, the estimated ROI would be
    • [(Gain from Investment — Cost of Investment) ÷ Cost of investment] X 100%
    • ($7,900,000 — $797,800,000) ÷ $797,800,000 = -0.9901
    • -99.01%

3. Tech Launch Arizona

  • Tech Launch Arizona is responsible for commercializing the University of Arizona-created innovations and knowledge.
  • The office aims to significantly boost the impact of the university’s “research, intellectual property (IP), and technological innovations.”
  • During the financial year 2019, Tech Launch Arizona helped form 11 startups, executed 96 licenses & options, issued 56 patents, and disclosed 284 inventions.
  • Equally, the university earned $5.9 million in royalties and other income, while it spent $733 million on research and development. Thus, the estimated ROI would be
    • [(Gain from Investment — Cost of Investment) ÷ Cost of investment] X 100%
    • ($5,900,000 — $733,000,000) ÷ $733,000,000 = -0.992
    • -99.2%

4. Brandeis Innovation

  • Brandeis Innovation is Brandeis University’s arm engaging in research and scholarship for design innovations, discovery, and knowledge. It comprises two distinct but connected offices, The Office of Technology Licensing and The Hassenfeld Family Innovation Center.
  • The Office of Technology Licensing (OTL) serves “researchers, inventors, entrepreneurs, and industry.” On the other end, The Hassenfeld Family Innovation Center/Virtual Incubator provides an innovation hub supporting all Brandeis researches.
  • Brandeis innovation seeks to promote collaboration and discovery, driven by stellar research and supported by grants, partnerships, and signature programs like I-Corps, SPARK, and SPROUT.
  • During the fiscal year 2018, Brandeis Innovation established 30 projects and startups, 47 invention disclosures, issued 10 patents, 215 material transfer agreements (MTAs), 10 sponsored research agreements, 20 non-disclosure agreements (NDAs), and 6 licensing agreements.
  • Brandeis Innovation generated approximately $3 million in revenue with research investments of just under $55 million during that year. Thus, the estimated ROI will be
    • [(Gain from Investment — Cost of Investment) ÷ Cost of investment] X 100%
    • ($3,000,000 — $55,000,000) ÷ $55,000,000 = -0.9455
    • -94.55%
Glenn is the Lead Operations Research Analyst at The Digital Momentum with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

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