TECH TRANSFER CONSULTANCY
Fuentek's Insights on
Benchmarking & Metrics
Strengthening Your Strengths, Solving Your Struggles with Strategic Solutions
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.
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The How-To of Tech Transfer Metrics: Gathering, Analyzing, Communicating
Our regular readers know that metrics for technology transfer offices (TTOs) is a frequent topic for the Fuentek blog. Today I’m going to provide some how-to tips for getting the most out of your tech transfer metrics tracking efforts — specifically, gathering, analyzing, and using metrics.
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Tracking Tech Transfer’s Indirect Metrics
As Laura Schoppe noted in her post about the key direct metrics for technology transfer offices (TTOs), there are important indirect metrics to track as well. These are factors that the TTO can influence, but others have more control over the ultimate outcome. Some feed into the early stages of the tech transfer pipeline in terms of the quantity and quality of invention disclosures. These indirect metrics also relate to economic development, which seems to be growing in importance every year. So, today’s post outlines the indirect metrics that are appropriate for various TTOs.
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Key Metrics for Tech Transfer Offices (TTOs)
Last month there was a series of posts on the AUTM members discussion group on the topic of metrics. Metrics is a topic that Fuentek has thought about before. And we’ve recently completed several organizational analysis projects with a heavy metrics component. So I wanted to chime in with some context and best practices. Then I offer some specific recommendations for TTO metrics.
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Using the IP Management Database to Answer Metrics FAQs
Most technology transfer offices (TTOs) want to — or have to — respond to frequently asked questions (FAQs) about the technology portfolio. Whether they are routine or ad hoc, these FAQs often come from key stakeholders and focus on TTO performance. As the F in FAQ suggests, these questions are asked frequently. Yet if a TTO frequently is scrambling to answer and struggles to generate the needed reports, then this indicates something is amiss.
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The Marketing and Licensing Pipeline: Metrics for New/Like-New TTOs
Today brings us to my final Metrics Monday post on metrics for new — or newly reorganized — technology transfer offices (TTOs). Today’s focus is on how you are doing on those all-important final steps to commercialization: marketing and licensing. The TTO at virtually any university, non-profit, or government R&D lab is striving to maximize the benefits of the institution’s research to the public. This overarching, long-term goal is coupled with maximizing the “return” to the institution and perhaps the larger community. Of course, the metrics used to calculate that return can…
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Productivity in Processing Cases: Metrics for New/Like-New TTOs
I’m back with another Metrics Monday post about the types of metrics that new (and newly reorganized) technology transfer offices (TTOs) can monitor while waiting for the long-term metrics to make sense. Ensuring that invention disclosures and your technology portfolio are being processed effectively is key to keeping the office running efficiently. As your office matures, the TTO’s productivity in processing cases should increase. So this is a key short-term goal to focus on. One of the general metrics for monitoring for case processing productivity is the percent of…
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Invention Disclosure Pipeline: Metrics for New/Like-New TTOs
When it comes to invention disclosures, a TTO’s overarching goal is to ensure that any and all commercially viable inventions discovered within the R&D labs are disclosed to the TTO. In order to successfully achieve that long-term goal, the TTO must ensure that researchers (1) recognize their obligations relating to intellectual property (IP), (2) are aware of the existence of your office and how to work with you, and (3) understand (in general) the process and benefits of commercialization. To achieve these three sub-goals, new TTOs especially must do…
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Metrics for New – or Like-New – Tech Transfer Offices (TTOs)
Any individual tech transfer success requires a long lead time. Yet, stakeholders want to see progress NOW! I know how frustrating that can be, yet they deserve to know how you’re doing. And you need to know how you’re doing. But this is challenging when the TTO is brand new or so newly reorganized that the full impact of your work can’t be known. So I’m going to offer up three general areas on which to focus early in the life of your TTO. Tracking metrics in these three areas will help put a new office on the right path to increase the probability of long-term success. The three areas to track are…
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Knowledge Transfer Metrics: It’s Not That Simple
Although we tend to focus on technology transfer here on the Fuentek blog, our industry is broader than that. One aspect I was asked about recently is knowledge transfer. Specifically, I was asked: Can you suggest a tool to measure/assess quantity and quality of knowledge transfer? This is a complex question since knowledge transfer is more qualitative than quantitative, but metrics gathering is an inherently quantitative exercise. However, there are some quantitative measures that provide a sense of knowledge transfer.
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