The role of university intellectual property practice and policy has grown over the past 25 years, with the passage of the Bayh-Dole Act and the emphasis placed on university impact on local economic development by most state legislators. Also, faculty have increased their interest in how their institution’s intellectual assets are managed, whether for societal or personal benefit.
Can your university answer these questions:
- Do I have an invention and what rights as a university inventor do I have?
- Can I negotiate an intellectual property rights clause with a company that wants to sponsor research in our laboratory?
- How do we encourage more industrial support of research on our campus?
- What are the expectations of our faculty, students, and our staff of the intellectual property management system?
- How do we legally protect our intellectual capital?
- How do we market our intellectual capital?
- How do we negotiate value and licenses for our intellectual capital?
- How do we monitor performance of our licensees?
Burnside Development and Associates, Inc has over 50 years experience in managing and growing all aspects of university intellectual property. How it is created, disclosed, evaluated, marketed, licensed, and commercialized – including university spin-outs. Based on this experience, for a reasonable fee, we can:
- Confirm the appropriateness of the Mission and Strategic Objectives of the intellectual capital management system.
- Measure the potential of the faculty, students, and staff to generate invention disclosures with short and long term economic merit, and their expectations of the intellectual capital management system.
- If no policy or practice exists, make recommendations for the establishment of a Technology Transfer Office to include staffing, budget, organization, and delineate the expectations of benefits from the formation of the office… from faculty retention to regional economic development.
- If there is a Technology Transfer Office, address its effectiveness in providing Intellectual Property (IP) review of research contracts; valuation of IP; marketing of IP, patenting; licensing of IP; the effectiveness of the relationship with the faculty and the University administration; and recommend improvements.
We look forward to helping you communicate your needs and benefits to the university. Please contact us if you have interest in a neutral, experienced third party review of your operations.