SLIDE 32 PwC PwC 32
CLOSE/RETURN
For inventions that do not fair well in the technology evaluation, or for which direct marketing proves unsuccessful, the decision is made to discontinue active marketing. The innovators then have the option of taking on protection and marketing themselves.
NEW VENTURE/STARTUP
Technologies that demonstrate potential to develop into multiple products, or that have broad and accessible markets are excellent candidates to build a company around. We are selective in launching new ventures/startups, and invest a great deal of resources into the most promising candidates.
The proposed commercialization process distinct steps
6. MONITORING
(15-25 Years)
Monitoring of our license agreements is important to ensure that licensees live up to their promise to develop products based on
to ensure compliance with payment and other
Auditing is an important part of this step.
(4-6 Months)
Negotiation of the financial, diligence and legal terms of a license agreement is a complicated and labor intensive process. Negotiations typically take four to six months, and involve a great deal
Office of General Counsel.
4. MARKETING
(Months)
Technologies that fair well in the initial evaluation undergo a comprehensive market analysis. Potential licensing partners are identified and engaged, and confidential information, data and prototypes are shared.
3. PATENTING
(4-10 Years)
Patent counsel is retained to draft a patent application for inventions that fair well in the evaluation step. The patent process may require significant time in the U.S. and may require even more time and money in foreign countries.
2. EVALUATION
(7-10 Weeks)
A detailed technology evaluation by a case manager is performed over an approximately two month period. Evaluation criteria include patentability, market potential, market readiness, and medical efficacy. This step culminates with a committee review.
1. DISCLOSURE
(2 Weeks)
Submission of an Invention Disclosure triggers the Commercialization
weeks, the Invention Disclosure is processed, reviewed, and a preliminary assessment is performed.
*** Modeled after Cleveland Clinic Innovations process *** Draft checklist follows
