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  • Commercialization of Medical Intellectual Property

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    Surgicalgown
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    Although important, it's almost impossible and can send you broke and disheartened.The Cutler report on Innovation, published in the Australian newspaper 5 August, 2009, says that in Australia only 3.5% of the six billion spent on research is re couped.What a tragedy!DON'T GIVE UP YOUR DAY TIME JOB

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    Although important, it's almost impossible and can send you broke and disheartened.The Cutler report on Innovation, published in the Australian newspaper 5 August, 2009, says that in Australia only 3.5% of the six billion spent on research is re couped.What a tragedy!DON'T GIVE UP YOUR DAY TIME JOB

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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    69 просмотров5 страниц

    Commercialization of Medical Intellectual Property

    Загружено:

    Surgicalgown
    Although important, it's almost impossible and can send you broke and disheartened.The Cutler report on Innovation, published in the Australian newspaper 5 August, 2009, says that in Australia only 3.5% of the six billion spent on research is re couped.What a tragedy!DON'T GIVE UP YOUR DAY TIME JOB

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 5

    The Commercialization

    of Intellectual Medical
    Property
    Eugene Sherry
    ©esherry 2005

    Commercialize
    Is the reality of “getting your idea
    out there”
    „ Hard and means ability to convince

    others to put money into your


    idea(would you?)
    „ large and good commercial groups

    are able to sell even ‘bad’ ideas.


    „ “a genius is needed to do a poorly

    designed operation but anyone can


    do an operation designed by a
    genius”
    How to determine the ‘value’ of a
    University

    „ Number of US patents held


    „ Number of Nobel Prizes (or/papers in
    Nature and Science)

    Steps

    1. Idea
    2. Patent
    3. Commercialize
    Idea
    „ “ Good Idea”- dream, idle moment
    „ Write it down
    „ Core group/Refine(diverse group)
    „ “ ideas are cheap”
    „ Research
    „ Keep confidential

    Patent
    „ Most important=
    „ United States Patent and Trademark Office
    „ “Non peer review”
    review”
    „ Accounts for the economic wealth of US,
    Japan, UK (Industrial revolution), Korea
    „ (situation) CHINA
    „ Provisional for 12 months, costs AUD2 to
    10,000; “PAY IT”IT”
    „ At 12 Months-
    Months- critical period, costs
    Commercilaize
    „ Contacts
    „ Presentation/sell/’be passionate’
    „ Negotiation
    „ Business Plan- IMPORTANT
    „ Patience/Civility
    „ Allow 2 to 3 years for first monies
    „ Continue research and papers

    commercialize
    „ Be available to travel
    „ Stay involved
    „ Upfront IP payment and royalty
    stream
    „ Stay ethical but ‘flexible’
    „ Stay loyal to your core group
    „ EXPECT Tall Poppy problems
    My suggestions

    Patent all your research


    Form core groups
    Bond Univ should be your
    partner/advocate

    ENJOY IT

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