Tech transfer and the Black Box
1153_ 1/31/12 - To some, tech transfer seems like a “black box” – investigators conduct research and report inventions, a percentage of the inventions are protected through the patent process, some of the protected assets are licensed, some products are developed, some are sold commercially and sometimes the University receives royalties and other economic consideration. During this session we looked into the black box to see how policies, procedures and practices at CU and the Technology Transfer office (TTO) addresses the throughput of inventions to royalties, and how various internal and external groups play a role in making this happen. Participants were better informed about technology transfer and made able to devise ways to engage in and/or advise on the process. Dr. David Allen has led the University of Colorado's technology transfer enterprise to a position of global leadership and pioneered many of the best practices academic technology transfer and technology-based economic development organizations used in proof-of-concept investing and incubation of university spinouts. In this short video excerpt David talks about the distinctiveness of the CU facility…
Related Links: CU Technology Transfer Office || CU TTO Channel || TTO Blog || CU TTO Awards || Award Photos || Tech Transfer at CU|| Keywords: David Allen, University of Colorado, Technology Transfer, Rick Silva, Kate Tallman, Tom Smerdon, CU TTO, Black Box, Royalties, Proof-of-Concept
Watch Video Excerpt from the CU TTO Black Box




"Venture Deals...Be smarter than your lawyer and venture capitalist". The inspiration for the book came from the Term Sheet Series that Jason and Brad wrote about five-six years ago. This is a particularly valuable book for entrepreneurs looking for money... You'll get an insider's view of the venture deal process, the different players involved on the deal side including how venture firms are setup. And, they talk about how an entrepreneur should think about the fund raising process. The term sheet is a very complicated document and there are a lot of things that people negotiate. But there are essentially only two things that matter which are economics and control. Here they've spent a lot of time helping the reader understand which terms related to economics and which terms were related to control and how and what that meant. It's meant to be a guide not a text book with material that can be very dry and boring. They've made fun of lawyers, venture capitalists and themselves along the way, but there goal was to write something significant and enduring. Comments from readers include..."For a first time entrepreneur, it's a completely enlightening book." Dick Costolo, Twitter CEO wrote a very nice forward to the book where he talks about how useful it would have been to have this book at the beginning of his career, and throughout his career, to look back and reflect on all the deals he's been involved in. Brad tells us how his blog, Ask the VC works with this book. Number one piece of advice for a new entrepreneur from Brad is, "Pick something that you're incredibly passionate about. The thing you want to create, the business you want to start should be something that you're in love with. It's going to be hard. You're going to have lots of ups and downs, there will be lots of things that don't work. If the thing you're working on 18-20 hours a day isn't something you're incredibly passionate about, what's the point?" Second is surround yourself with mentors." ...don't miss the rest of Brad's advice, listen now!



