Starting a Company Starting a Company from Research at the from Research at the

UWUWJames A. Severson, Ph.D.

Vice Provost, Intellectual Property and Technology Transfer

January 30, 2007

The mission of UW TechTransfer is to extend the impact of University of Washington research through the creation of partnerships that encourage investment in innovation.

Companies from the UWCompanies from the UW

• Over 200 companies stared by UW students, faculty or with UW technology

• Over 9200 people employed in these firms

• Over $3 billion in sales by these companies in FY2002

• 63% of these companies are still active• 89% of these companies are/were

located in Washington state

CorazonX

Technology Gap Innovation Technology Gap Innovation FundFund• Designed to enhance the commercial

value of UW discoveries• Partnership with WRF• Royalty Research Fund• External review panel

Increase ability to license discovery or to start a company

Commercial potential Milestones Budget

LaunchPad DynamicsLaunchPad DynamicsPartnering to catalyze business formation

People Resources

UW Researchers

VCs

Entrepreneurs

Business Leaders

UW Business

UW Law

• Plan

• Mentor

• Analyze

• Guide

UW TechTransferCompany Creation

Company Creation

Company Creation

• Innovation• Manage IP Assets• Aggregate IP Rights

• Mentoring• Networking• Strategic Planning• Market Focus

• Competitive Analysis• Legal

LaunchPad Teams

ExpectationsExpectations

• Business plan• Will not do an “equity only” deal• Equity must represent fair value for

the technology• Diligence terms in any license• If a UW employee is involved

Will not negotiate directly with employeeInvolvement must be approved

Possible RolesPossible Roles

• Leave of absence• Reduced appointment• Scientific Advisory Board• Consulting role with company

PathwaysPathways

• Option to licenseRaise moneyIdentify manager

• License agreementFinancial termsDiligence

• Combination – license pre-negotiated

New Policies for Outside New Policies for Outside ActivitiesActivities• Leadership of the Technology Alliance• Legislation sponsored by Governor Gregoire• Amendment to State Ethics Act

UW given the opportunity to develop polices that are within the federal guidelines to manage consulting and outside work that will facilitate technology transfer

• Clarify – enable• Additional flexibility with approvals for

outside work

New Policies for Outside New Policies for Outside ActivitiesActivities• Outside Professional Work Policy• APS 47.2 – Personal Use of University

Facilities• APS 47.3 – Outside Consulting

Activities and Part-Time Employment• GIM-10 – Significant Financial

Interest Disclosure Policy

Use of FacilitiesUse of Facilities• Allows de minimus use of university resources

when related to approved outside work or an activity related to technology transfer

• Clarifies previous law and enables day-to-day interactions

• Offices, telephones, computers, and UW email accounts can be used for certain outside work that is related to research and technology transfer

• Little cost to the university, does not interfere with normal operations, etc

• Caution still required – not all interactions are allowed

• To take advantage of this change – activity must be approved

Questions?Questions?

• Conflict of interest and GIM-10 - Office of Research

• Outside work - Academic Human Resources

James A. Severson, Ph.D.Vice Provost, Intellectual Property and Technology TransferUW TechTransferUniversity of Washington4311 11th Avenue NE, Suite 500Seattle, WA 98105

Voice: 206-543-0905Fax: 206-543-0586Email: jasever@u.washington.eduWeb: http://depts.washington.edu/techtran/