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About
Editor-in-Chief, Anatole Krattiger
Editorial Board
Concept Foundation
PIPRA
Fiocruz, Brazil
bioDevelopments- Institute
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YOUNG, Terry A
Terry A. Young has more than 20 years experience in IP rights, innovation management, and technology commercialization. He was Assistant Vice Chancellor for Technology Transfer for The Texas A&M University System and Executive Director of its Technology Licensing Office. He currently serves as the Director of Research Development at the University of South Dakota.
He has started three technology transfer offices (TTOs) from scratch and led each office to success. He has also started two companies, one of them a university spinout that licensed university technology. From 2001-2002, he served as President of the International Association of University Technology Transfer Managers, which has nearly 4,000 members. He has made more than 55 trips abroad in the capacity of an expert consultant on IP rights and technology transfer issues. He has authored more than ten book chapters or journal articles on IP rights and technology commercialization, including a chapter entitled National Innovation Systems to be published in Innovation and Business Partnering in Japan, Europe and the United States, (London: Rutledge, September 2006). In 2002, he was appointed a member of the National Academy of Engineering of the Czech Republic, in recognition of his work establishing an intellectual property and innovation commercialization regime in that country. In 2004, he was recognized by Nigerian academicians as the country’s intellectual property Man of the Year. In 2005, he received a U.S. National Service Award for his contributions to economic growth in Eurasia. Also in 2005, he was appointed by U.S. President George W. Bush as one of only five members of the U.S.-Russian Innovation Council on High Technologies, whose goal was to improve scientific cooperation between the two countries.
Abstract
Establishing a Technology Transfer Office
Abstract:
Technology transfer does not just happen. Transferring knowledge and innovation from a public research organization to the private sector for commercial application and public benefit requires a formal mechanism—a technology transfer office (TTO)—to protect and license intellectual property. Establishing a new TTO is no trivial matter, and the decision to create one should be made within the context of a long-term plan that takes into consideration the following questions: (1) Does “research commercialization” align with the institution’s mission? (2) Do the quality and quantity of research within the institution warrant the establishment of a TTO? (3) Is the institution willing to make a long-term commitment to required institutional changes and to adequately invest in resources and people? If the answer to all of these questions is yes, then it is time to develop a clear TTO business plan. In this effort, a strong dose of patience will help. An often-quoted rule of thumb in professional circles suggests that even under the very best circumstances, TTOs do not become successful for seven to ten years after they are established. This chapter provides practical advice for creating a proactive TTO and also offers historical examples from around the globe of TTO launches.
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