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The technology transfer function within the academic and research-based ecosystem is crucial in converting modern advances into profitable business solutions. From traditional research and development to strategic exit, successful commercialization requires careful and precise execution within a heightened high risk/reward profile.
At Dickinson Wright, we take technology transfer further by revolutionizing within the innovation ecosystem itself. Through our decades of experience, we have gained the ability to look forward with our clients to create new commercialization possibilities that take advantage of trends in modern business.
Traditional Technology Transfer
Dickinson Wright has offered traditional technology transfer services for decades, working hand-in-hand with some of the largest universities, research institutions, and related spin-outs to turn inventions into profitable enterprises.
We recognize the importance of identifying and protecting innovations strategically at the earliest stage possible to help them reach their commercial potential and give our clients a competitive advantage.
Taking Technology Transfer to the Next Level
With traditional technology transfer firmly established in the innovation-sphere, Dickinson Wright works with clients to go beyond existing solutions by creating new ventures and structures that further develop and capitalize on modern innovations.
Examples of “Next Level” projects we have created with clients include:
Nonprofit/Research Park Structures: Leverage nonprofit models for utilization of governance structures to enable control while reducing risks related to both public and private institutions.
Commercialization Infrastructure Initiatives: Structure appropriate models for driving innovation toward desired objectives, including industry-specific initiatives, alumni bases, or market-driven opportunities.
Research Foundations: Identify opportunities and risks related to intellectual property ownership and asset management within or outside traditional institutional frameworks.
Seed & Venture Funds: Establish and manage internal, affinity, or independent funds for critical seed funding and other capital needs relating to the technology transfer functions.
Joint Ventures: Utilize well-established joint venture models for strategic initiatives and ventures to protect and leverage institutional upside relationships.
Master-Level Corporate Engagements: Leverage unique industry relationships to enable research funding and exit opportunities for developments related to certain fields or industries.
Through our decades of experience helping clients achieve their commercial potential, we have navigated nearly every scenario when it comes to the risks and complexities throughout the development, licensing, acquiring, and selling of technology.
• Managed intellectual property reporting and transparency requirements of academic-based developments.
• Prepared and negotiated intellectual property licenses, options, and related technology transfer agreements in light of public policy and tax considerations.
• Structured and negotiated data processing-related arrangements, including software licenses, SaaS agreements, outsourcing agreements, computer equipment acquisitions, maintenance, and support contracts and distribution relationships.
• Represented conflict of interest, conflict of commitment, and research integrity matters relating to technology transfer events including disclosure and management programs involving academic or human subjects research, including institutional review board (IRB) matters.
• Participated in federal, state, and foundational funding events (grants, awards, earmarks, SBIR/STTR) regarding required intellectual property statements, licenses, and certifications.
• Counseled and trained inventor groups, research departments, and academic and health care institutions in institutional policies and procedures, as well as intellectual property aspects of commercialization and start-up formation.
• Assisted with academic-industry relationships and federal compliance (Bayh-Dole), including iEdison reporting requirements for federally funded subject inventions.
• Assisted in creating nonprofit foundations and agency models for managing and commercializing research and innovation, including fund formation.