PROGRAM ON TECHNOLOGY COMMERCIALIZATION

Instructor:             Yongmin Kim, Professor of Bioengineering and Electrical Eng.

                             Buddy Ratner, Professor of Bioengineering and Chemical Eng.

                             Paul Budak, Encompass Ventures

Key Volunteer       Scot Land, Encompass Ventures

Instructor:                                        

            Primary goal:        Produce the best educated students well trained not only in their disciplines, but also in

                                         commercializing technologies and how to move technologies to market

            Additional goals: 

•         Make UW technologies more accessible to investors and licensees

•          Help faculty and students in conducting their research and developing realistic expectations

•          Create a closer relationship between the local community of experienced practitioners and UW and its faculty 

    Comments from students who previously took the PTC courses   

COURSES AND CONTENTS

1

BIOEN 599D: INTRODUCTION TO TECHNOLOGY COMMERCIALIZATION

Offered in Autumn Quarter

•          What is business?

•          Structure, parts/purpose of a company

•          Protecting Intellectual Property

•          Licensing Intellectual Property

•          Contracts and Legal Issues

•          Taxes and Tax Planning

•          Equity Issues

•          Project Management

•          Opportunity Recognition

•          Selling Your Business Idea

•          Product Development & Product Analysis

•          Costs Analysis

•          Marketing, Sales and Distribution

•          Pro Forma Projections

•          Funding and Financing

•          Regulatory Issues

•          Selecting, Hiring & Building Teams

•          Ethics in R&D

•          Working with Professionals

2

BIOEN 599Y: STUDIES IN TECHNOLOGY COMMERCIALIZATION

Offered in Winter Quarter

•          Critical market analysis

•          Product marketing

•          Sales

•          IP strategies

•          Negotiations

•          Strategic planning and management

•          Business life cycle

•          Corporate governance

•          Financing

•          Mergers and acquisitions

•          7 of case studies

3

BIOEN 599Z: APPLYING TECHNOLOGY COMMERCIALIZATION

Offered in Spring Quarter

•          Student teams use the technologies that have been disclosed to UW TechTransfer or that a team member is currently researching as the basis for studying commercialization

•          Each team produces a high-quality market feasibility analysis for their technology

•          Feasibility analyses are presented to faculty, inventors, mentors, and UW TechTransfer Invention Licensing

•          Teams recommend the most appropriate path to commercialization (if commercialization is appropriate for the technology) 

FULL-TIME SUMMER FELLOWSHIP in Summer Quarter

•          10-week summer fellowship of $10,000 per student awarded when an appropriate technology/product for a new venture is identified by a student team in BIOEN 599Z 

Expectations:

•          Fellows work closely with mentors and experienced practitioners

•          Fellows develop a professional business plan

•          Fellows identify and recruit a qualified management team

•          Management team, possibly with Fellows, attempts to start a venture