Johns Hopkins Technology Transfer JHTT: Translating the discoveries of the future Wesley D. Blakeslee Executive Director Johns Hopkins Technology Transfer www.techtransfer.jhu.edu 1 JHTT Mission Statement The Johns Hopkins Technology Transfer office furthers the mission of The Johns Hopkins University to bring the benefits of discovery to the world, by implementing the commercialization of University innovations for the public good by: •Encouraging and supporting invention disclosure; •Encouraging and supporting entrepreneurs; •Effecting technology development and licensing; •Increasing available research funding; and •Protecting and managing the University's intellectual property Technology Transfer University President Senior Advisor to the President Executive Director Senior Director Licensing Portfolio Directors Director Ventures Director Sales & Marketing Patent Counsel Group Material Transfers Patent Support Four Licensing Teams Senior Director Finance Finance Information Systems JHU IP Policy Applies to Faculty, Staff and Students Inventors are obligated to report Inventions developed as a result of financial or other support, regardless of origin, either directly from or channeled through the University, which is used in the discovery or development of Intellectual Property. Inventors must assign title to the University in exchange for a share of net income from licensing the inventions. Revenue sharing 35% inventor’s personal share 15% inventor’s research share 15% inventor’s department 30% school, 5% university with 25/10 to school and university for royalties exceeding $300K Faculty Service - Our #1 Goal Disclosures • Electronic submission, staff assistance • Patent search, marketing research, broad-based marketing Business Development • Industry – University relations • Startup company guidance Financial • Invoicing and collections • Quarterly royalty distributions Information Material Transfers • Online faculty system access (transparency) • Faculty and departmental reporting • Improving turnaround with greater volume • New electronic solutions 6 How can we help you? Disclosure assistance Patent search Business Planning Market research Commercialization Consulting Targeted Marketing Early Stage Funding (e.g. TEDCO) Licensing Sponsored Research Industry Collaborations VC and Angel Investors Promising Results So Far FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 New Reports of Invention FY 2009 217 272 244 282 305 352 License Agreements Signed 50 72 57 79 92 98 Patents Issued 58 39 33 43 40 46 $ 4,770 $ 8,220 $ 7,734 $ 9,663 $ 11,163 $ 12,220 $ 1,195 $ 1,427 $ 1,207 $ 3,487 $ 2,559 $ 3,539 414 $ 1,265 $ 504 $ 1,694 $ 1,072 $ 1,423 4 5 4 5 12 10 Royalty and License Fees (000) Distributions Inventor's Personal Share Inventor's Research Accounts $ Startups Companies Launched 8 JHTT Start-Ups This Century Since this century began (1/1/2000): • 66 currently existing start-up companies have been formed around JHU technology • Those companies have received funding of more than $476 million • FY08 record year – 12 start-ups >$76 Million funding For more information: egood3@jhmi.edu Innovative Marketing JHTT Technology Booklets: • Technology Bundling: Robotics & Neglected Disorders • Customized Conference Booklets: AACR Entrepreneurial Events: • • • • BioMatch Entrepreneurs Boot Camp BioInvestor Conference Hopkins Alliance JHTT APP: A new door into Hopkins inventors, technologies , events and social media sites. • Download it at app store…you could win an iPad! 10 New Initiative: Tech Lunches Informal lunch held once a month at different schools and departments JHTT staff will be available to answer questions about tech transfer and our services Targeted at senior-junior faculty, graduate students & Post-Docs First Tech lunch will be in September 2010 Lunch will be provided 11 Johns Hopkins Technology Transfer Remember: “When you disclose, your money grows” Wesley D. Blakeslee Executive Director Johns Hopkins Technology Transfer www.techtransfer.jhu.edu 12