I had the pleasure to recently co-host an Innovation Roundtable on ‘Managing Corporate Innovation Across Sites’ with Wellspring Worldwide. Attended by a diverse cross-section of innovation leaders from industries including finance, high tech, and manufacturing, this interactive forum provided a unique opportunity to exchange best practices, ideas, and challenges in driving innovation.
As research universities are placing an increased emphasis on economic development, we agree that it’s entirely appropriate—even essential—that faculty advancement decisions include activities in tech transfer, innovation, and entrepreneurship, just as they include published research papers in these decisions. We are excited to delve into this topic at a session we’re moderating this fall at AUTM’s Eastern Region Meeting in Raleigh, NC.
What do Stanford, Univ. Alabama, Arizona State, and Univ. Illinois at Urbana-Champaign have in common? They’re all in non-metropolitan areas. And that’s the focus of the conference I presented at this week. Hosted by UIDP and the University of Arkansas, this university-industry engagement workshop brought together a diverse collection of higher education institutions from outside major metropolitan areas. These universities face common as well as unique challenges.
I was recently chatting with folks in the technology transfer office (TTO) at the University of Vermont (UVM). They asked Fuentek to help again this year with evaluating proposals for the SPARK-VT gap funding program. SPARK-VT is designed “to address the challenges of translating novel research into the community” by funding additional research and commercialization. Last year, Fuentek was asked to help evaluate proposals.
Managing IP proactively is essential for any R&D organization, regardless of whether it’s a university, private company, government lab, hospital, or not-for-profit research organization. Being proactive helps you focus on achieving your goals rather than reactively putting out fires, and it enables more efficient and effective operations. To make your TTO or other IP operation more proactive, consider the following recommendations and guidance.
Whether you want to improve your own business or introduce a new product or service line, technology/innovation is usually a major part of the solution. With all of the R&D at universities and government labs, it’s not always necessary to start from scratch to create that new solution or improvement. In fact, it’s best to always start by looking outside your company using open innovation—or better yet, Symbiotic Innovation—tactics.
In providing technology transfer services to R&D organizations, Fuentek has developed strategies for maximizing team strengths and skills, solving organizational pickles, and communicating value to leadership. Today’s post can help significantly improve your capabilities and operations. For example, when it comes to understanding how your IP management team is performing, metrics are your greatest ally. They help you get where you want to go by accurately revealing where you are.
Broader marketing efforts—those that demonstrate your tech transfer know-how—can elevate the profile of your technology transfer office (TTO). It can also cultivate productive relationships with your organization’s researchers, management, and potential partners/licensees. To help TTOs be successful with these efforts, this post shares the best practices that Fuentek has found to be effective time and again with our clients.
The next few days will see technology transfer professionals from across the United States and around the world travel to Austin, Texas, for the AUTM 2019 national meeting. Fuentek will be there, and today’s post gives you a sneak preview of the two sessions we’ll be leading. I’m also including links to more information if you want to do a little extra reading in advance. If you’ll be at the AUTM meeting, we hope you will join us at these sessions or swing by Booth #206.
The 2019 AUTM® meeting is coming up Feb. 10-13, and we are looking forward to it! The AUTM meeting provides TTOs with lots of opportunities to network with industry, investors, and research institutions. You can also learn about the latest developments in tech transfer and even advance your career. Having participated in the AUTM meeting for several years, I offer up these tips to help you get the most out of your time in Austin.