University Patents helps to transfer technology through licensing of patents from research universities.

Most universities have an office of technology transfer that is responsible for bringing the research/patents generated by the university to market. Some universities are extremely successful in this field (MIT, U of Wisconsin MIT), however most lack the ability to find the right people and networks to place most patents. Universities have traditionally focused their attention on the patents that are likely to bring in significant sums of money. However, only 0.6% licenses generate over $1,000,000 in annual royalty payments. University Patents can not only help universities to place technology, but also, because of its singular focus, increase revenue for the university by increasing the number licenses written. University Patents will earn income from each successful placement.

Many patents that result from university research are not sufficient to sustain a business. These patents are most valuable for existing companies that have a product or market expertise. Due to their small size, Venture Capital firms and universities are reluctant or unable to place these patents. University Patents will have the ability to concentrate on the smaller patents. This will allow them to bring several patents per year to market.

University Patents’#8217’ business will be built on the collaboration with universities in order to place their patents with companies. University Patents will research the market, develop a value model and identify potentials licensees for the patent. University Patents brings these parties to negotiation. The commission will be based on any future royalties and the licensing agreement.

1.1 Objectives

First year goals:

1. Establish solid relationships with four university programmes in your first year.
2. Move four patents to commercialization in the first year.
3. Establish a contact procedure for approaching private and public business within the first six month.