The unprecedented focus on innovation among federal and state government officials has put tech transfer in the spotlight like never before, creating intense pressure from university administration and other key stakeholders to demonstrate the impact of research commercialization efforts on economic development and job creation. Yet most metrics currently used by TTOs fail to adequately capture these data or translate your activities into the results you're now being asked to deliver.
CREATING PUBLIC BENEFIT, MEASURED BY:
~ Agreements by type and per million research dollars spent
~ Start-ups created
~ Agreements with reservation of rights clauses
~ Products reaching the market
SERVICE TO ACADEMIC COMMUNITY, MEASURED BY:
~ Disclosures, first-time disclosures, and multiple disclosures
~ Contacts with faculty
~ Faculty receiving income shares
~ Patents filed and issued
~ MTAs and copyright licenses
INDUSTRY PARTNERSHIPS, MEASURED BY:
~ Agreements stemming from SRAs
~ Number of and dollars associated with SRAs
~ Visitor agreements with industry
ECONOMIC DEVELOPMENT, MEASURED BY:
~ Start-up funding, revenues, and jobs created
~ Gross sales of licensed technologies
FAIR COMPENSATION FOR UNIVERSITY IP, MEASURED BY:
~ Royalties, fees, and equity payouts
~ Number of revenue-generating agreements
~ Patent cost reimbursement
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