WVU Research Office Chestnut Ridge Research Building •Office of Technology Transfer •Department of Homeland Securities •WVU Business Incubator •Economic Development •Office of Sponsored Programs 886 Chestnut Ridge Road Morgantown, WV Office of Technology Transfer at WVU President WVU Research Corp. Director, Technology Transfer Associate Director Licensing Associates Student Interns Business Incubator Technology Transfer is… “The process of moving an unexploited body of knowledge from a source organization to another organization where it will be reduced to practice and exploited commercially.” Innovation is… “The process of taking an invention and turning it into a product which can be marketed to the public for profit.” Invention is… “A new process, object or improvement that did not exist previously and that is the product of a unique idea.” Commercialization is… “The process of introducing a new product or production method into the market to be sold to the public for profit.” Intellectual Property is… “Any unique idea or creation, including inventions, symbols, names and images.” Intellectual Property Intellectual Property can be divided into two categories: Industrial Property and Copyright Intellectual Property Industrial Property includes inventions, trademarks and industrial designs. Industrial Property can be patented. Intellectual Property Copyright includes artistic works such as novels, films and photographs. Advanced Technology Applications Lead Innovator: James E. Smith Established in 2005 and incorporated in West Virginia. Performs research into Wind Turbine designs Advanced Technology Applications Has Developed… Shape memory actuators for near surface circulation control. Pinned connection to facilitate circulation control on a Vertical Axis Wind turbine. Valve system for the control of air through turbine blades. Advanced Technology Applications Has Developed… Circulation Control Augmented Wind Turbine (CC-VAWT) Circulation and Boundary Layer Control Augmented Vertical Axis Wind Turbine. Control System for a CC-VAWT The Bayh-Dole Act In 1980, the Bayh-Dole Act was passed. This allowed universities to retain titles to patents generated from federally-sponsored research. The Bayh-Dole Act Passing of the Bayh-Dole act led to an increase in University-owned patents. From 1980-2000, the number of Universityowned patents jumped from 200 to over 2500. Famous University-Owned Patents Product University Citrical® calcium supplement University of Texas, SW Medical Center Process for Taxol production Florida State University HelixTM concrete reinforcement University of Michigan Trusopt® drops glaucoma treatment University of Florida Cisplatin and Carboplatin Michigan State University Synthetic penicillin MIT Gatorade ® University of Florida TBI Innovations Developed method to reduce the damaging effects of SLOSH energy absorption by reducing inelastic collisions in an organism. Lead Innovator: David Smith Leahy-Smith America Invents Act Effective since September 16th, 2011 Changes U.S. Patent system from a “First to Invent” system to a “First to File” system. Simplifies the patent application process. Kendall/Hunt Publishing Developed Laboratory materials for applied calculus. Lead Innovator: Edgar J. Fuller Quantex Energy Quantex Energy is a Canadian company established in 2007. They are a current Tenant from the WVU Business Incubator Quantex Energy Has developed a process for converting coal into crude oil, known as Coal to Liquid (CTL). Quantex Energy Quantex’s coal-to-liquid process is extremely efficient at producing synthetic crude oil (or Syncrude). Quantex Energy Coal to Liquid uses fewer resources, is 10-30 times cleaner than other processes, and takes minutes instead of hours to produce. Quantex Energy Their coal to liquid process yields ~85% liquid (by weight) of the coal put in. Quantex Energy Quantex plans to begin wide-scale production of Synthetic Crude Oil (and other industrial materials) in 2014. Quantex Energy Quantex will eventually open plants world-wide, creating thousands of jobs in the surrounding communities. Quantex Energy Just one of their planned facilities could produce hundreds of thousands of barrels of Syncrude each day. Quantex Energy Quantex’s Coal to Liquid process could eventually help lessen dependence on foreign oil and help combat a global energy shortage. Quantex Energy Has committed $1.8 billion to research and building commercial operating units. Quantex Energy Has a lab on WVU’s campus with plans to build their own building in next 4 months. Quantex Energy If trials are successful, Quantex can begin licensing their Coal to Liquid process to other countries. Quantex Energy After constructing just three factories, Quantex would be looking at about $20K- $30K per day in royalties alone. New Era Industries Developed a high-temperature resin spread and infusion process to mass-manufacture composites. Lead Innovator: Harris W. Armstrong Firefly Energy Developed method of making a carbon foam material from coal. Lead Innovator: Alfred H. Stiller Functions of WVU Office of Technology Transfer (OTT) Manage Intellectual Property Portfolio Commercialize WVU Technologies Develop New Business Opportunities Economic Development Functions of WVU Office of Technology Transfer (OTT) OTT will complete all paperwork for the United States Patent and Trademark Office (USPTO). OTT will cover ALL expenses Office of Technology Transfer Staff 2 patent attorneys with expertise in medicine, health sciences, chemistry, and biology 1 patent agent with expertise in engineering 1 patent attorney who runs the Business Incubator Functions of the WVU Office of Technology Transfer (OTT) OTT will compose Non-disclosure agreements. OTT will assist in connecting faculty with potential investors, seed funds, and business partners. A Non-Disclosure Agreement Is… “A legal contract between two or more parties that outlines confidential material which the parties wish to share with one another but must remain confidential to any outside party.” Commercialize WVU Technologies • • • Assistance in marketing Negotiate license agreement with external commercialization partners Provide access to legal assistance Develop New Business Opportunities • License WVU developed technologies • Develop collaborative R&D agreements • Create market entry • Incubate start-up companies Incubation of Start-up Companies • WVU inventors may request to start a company to further market their innovations. • Can become tenants of the WVU Business Incubator. Incubation of Start-up Companies Start-up companies may compete for external funding such as the Small Business Innovation Research Program (SBIR) or the Small Business Technology Transfer Program (STTR). Small Business Innovation Research Program (SBIR) is… “A federal program which allocates 2.5% of federal research budgets in excess of $100 million, to be distributed to small businesses in order to encourage economic growth.” Small Business Technology Transfer Program (STTR) is… “A Federal program designed to expand partnerships between small businesses and nonprofit U.S. research institutions which, in FY2010, awarded over $100 Million to various small businesses.” Oculus Development Developed Standardized Sensor Pallet for Cargo Aircraft. Lead Innovator: James E. Smith Choosy Kids Founded by Linda Carson, a WVU Associate Professor in the school of Physical Education. Is a graduate tenant of the WVU Business Incubator. Choosy Kids C.h.o.o.s.y. (Choose Healthy Options Often and Start Young). Encourage physical nutrition and activity among American children. Choosy Kids Relate to kids through music and identifiable characters (Choosy). Market healthy foods through their mascot, Choosy. Choosy Kids “Choosy” mascot developed through focus-group testing. Is featured on the boxart of healthy foods for kids to see. Contact OTT if… You have any questions or concerns about intellectual property (IP). You have, (or think you have) made an invention. Contact OTT if… You intend to publish a paper/abstract, or give a presentation on material that may constitute an invention. You are named as an inventor on a patent filed by a company or another University. Contact OTT if… You are asked to provide unpublished information to a company with whom WVU has not signed a Non-Disclosure Agreement. Contact OTT if… You are asked to provide a company with proprietary materials from your laboratory without a signed Material Transfer Agreement. Contact OTT if… You are approached by a company who wishes to license technology from you or WVU. You would like to start a company based upon technology developed at WVU. Mannette Steel Drums Founded by Ellie Mannette Ellie Mannette is also known as “The father of the modern steel drum.” Is a graduate tenant from Incubator Mannette Steel drums Partnered with WVU in the early 1990’s to produce instruments for the band. Mannette now produces instruments for musicians world-wide, thanks to help from WVU. WVU Funding for Fiscal Year 2011 Federal: $99,669,040 State: $36,435,893 WVU Funding for Fiscal Year 2011 Industry: $34,221,159 Private: $3,548,013 Total WVU Funding in FY2011 $173,874,105 Total WVU Funding in FY2011 62% of the nearly $174 Million in WVU Funding was spent on Research and Development. Total WVU Funding in FY2011 The total amount of funding dedicated to research and development has seen an increase of $32 Million since 2005. Proposals in FY2011 The Office of Sponsored Programs received 732 new grant proposals in FY2011. Proposals in FY2011 The Office of Sponsored programs approved 448 grant proposals in FY2011. In 2010… Current and graduate tenants with the West Virginia University Business Incubator employed 148 full-time employees, and 57 part-time employees. In 2010… Business Incubator Tenants paid $8,942,160 in wages for the year. Tenants received $6 Million in revenue and raised $3.1 Million in grant funds. In 2010… The total amount spent by the Office of Technology Transfer on research and development of licensed technologies was $3,478,351. SABIC Innovative Plastics Developed Flame Retardent Polymer Blend Compositions. Lead Innovator: Sushant Agarwal SustainU Clothing company founded in 2009 by Morgantown native Chris Yura. Is a Graduate Tenant of the WVU Business Incubator. SustainU Clothing is made from 100% recycled material. Yura refers to this material as “Fluff.” SustainU SustainU produces all material locally. Using local resources cuts down on fuel costs and emissions. SustainU Employs domestically, creating jobs within the community. SustainU employs over 400 people for production. SustainU SustainU is able to produce 20,000 shirts each month. Chris Yura hopes to produce 80,000 shirts per month by 2012. SustainU One pound of recycled yarn saves .5 gallons of gasoline. One ton of recycled cotton saves 1200 gallons of water. SustainU SustainU donates to non-profit groups through clothing drives on college campuses. SustainU Has collected nearly 16.2 tons of clothing through their program. Has visited 90 schools in 35 states as of August 16th, 2011. SustainU SustainU produces the T-Shirts given to all Adventure West Virginia Students. Shirts are light-weight and durable. SustainU In August, Chris Yura was recognized as a “Champion of Change” by President Obama. Martek Biosciences Developed Omega 3 Treatment for Brain Injury. Lead Innovator: Julian Bailes